China News Today TheBitTimes.com

Summary ⚈ Whales moved over $130M in XRP to Coinbase, hinting at possible selling pressure. ⚈ XRP is holding steady above key levels despite large transfers. ⚈ Traders await reaction to SEC-Ripple settlement filing. XRP’s rally toward the $2.50 resistance level may now be at risk following the dumping of over $130 million worth of the token on the Coinbase cryptocurrency exchange. The first notable transfer occurred on May 3, when a wallet moved 29.53 million XRP, worth approximately $64.4 million, to Coinbase. Just six days later, on May 9, an identical transfer of 29.53 million XRP was recorded, valued at $69.5 million due to the token’s price appreciation during that period, according to on-chain data shared by Whale Alert. XRP transfer to Coinbase on May 9. Source: Whale Alert Combined, these transactions represent 59.06 million XRP, totaling approximately $133.9 million sent to the exchange, presumably with the intent to sell. Motivation for dump...

Crypto Whales have dumped over 170 million in Chainlink (LINK) in the last three weeks, signaling concerns of a potential price crash. In the last 30 days, LINK is down 18%, with selling pressure around the altcoin growing. Despite the coin being added for transactions on the PayPal payment service , momentum around LINK remains negative, causing some concern that the asset’s price will continue to decline. After weeks of volatility and downside moves, bulls continue to struggle to regain control, with LINK failing to break above key resistance levels. According to on-chain data from Santiment, whales have sold over 170 million LINK in the last three weeks. Whale activity around an asset is often looked at when analyzing a cryptocurrency’s next price movement. This significant outflow from large holders has fueled speculation that an additional downside may come. Chainlink is down 17% since March 26. Its trading volume in the last 48 hours is also down over 20%, with smaller...