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Here’s How Much Dogecoin Whales Bought In Only One Week

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Dogecoin has witnessed a strong uptick in whale accumulation this week, with large investors aggressively increasing their holdings. On-chain analytics platform Santiment reveals that wallets holding between 100 million and 1 billion DOGE have ramped up their balances this week, which is one of the most notable buying sprees in recent weeks. 

This accumulation coincided with Dogecoin’s push from $0.26 on September 15 to briefly crossing above the $0.28 level on September 18, suggesting that whale activity has been an important factor in the token’s latest rally.

Whales Add About 1 Billion DOGE To Holdings

According to Santiment’s data, whales in the balance category of 100 million to 1 billion DOGE boosted their combined holdings from 26.48 billion DOGE on September 15 to 27.39 billion DOGE by September 19. This means about 910 million DOGE were accumulated by these addresses in just four days, equivalent to over $250 million at the current price of Dogecoin. 

This increase in whale-controlled supply typically signals growing confidence in the asset while also reducing the liquidity available in open markets. The timing of these purchases points to a deliberate accumulation strategy as Dogecoin tested a local price support at $0.26.

Source: Chart from Santiment

Whales purchasing hundreds of millions of tokens not only reduce available supply but also tend to encourage retail traders to follow suit. The scale of this accumulation appears to have had a direct impact on Dogecoin’s price action. Between September 15 and 18, Dogecoin rose from $0.26 to above $0.28, a rally of nearly 8% within three days. 

This rally was all on the action of whales alone, as Santiment data shows a corresponding holding decrease in the cohort of addresses holding between 10 million DOGE and 100 million DOGE tokens. 

Dogecoin Technical Analysis

As it stands, Dogecoin’s ability to extend its rally will depend on how it holds above the $0.28 price level in the coming days. However, a bullish technical analysis that aligns with this whale accumulation trend suggests that Dogecoin is now on track to new all-time highs.

Crypto analyst Trader Tardigrade confirmed that Dogecoin’s weekly chart has broken out of a long-standing symmetrical triangle pattern. According to him, last week’s candle close validates the breakout and establishes a 1:29 risk-to-reward trading opportunity. 

The symmetrical triangle setup points to a strong trend continuation after a series of higher lows and lower highs since September 2025 that has now resolved upward. Interestingly, Trader Tardigrade predicted a rally that would see Dogecoin break above its current all-time high. Particularly, the analyst predicted that Dogecoin could rally as high as $1.7 if the breakout follows through. 

DOGE trading at $0.27 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

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Ethereum Mid-Sized Whales See Peak Unrealized Gains: Profit-Taking Risk Rises
Crypto Trends

Ethereum Mid-Sized Whales See Peak Unrealized Gains: Profit-Taking Risk Rises

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Ethereum is showing resilience in the current market, holding above the $4,500 level after weeks of steady momentum. The second-largest cryptocurrency has maintained a bullish structure, but buyers are now struggling to break past the $4,750 resistance zone, a level that has become a critical short-term test. While fundamentals remain solid, the hesitation at this threshold has prompted some analysts to warn of growing risks as Ethereum approaches historically significant levels.

Data from CryptoQuant adds weight to this cautious outlook. The firm reports that the unrealized profit of Ethereum wallets holding between 10,000 and 100,000 ETH has surged to levels not seen since November 2021, when ETH reached its all-time high. This means mid-sized whales are now sitting on significant paper gains, similar to conditions observed at the last cycle’s peak.

With bullish enthusiasm still strong but profit-taking risks rising, Ethereum’s next moves could prove decisive. A breakout above $4,750 may open the door to new highs, while rejection could trigger a sharp correction.

Ethereum Whales Signal Critical Stage

Ethereum has entered a pivotal phase as mid-sized whales are now sitting on significant unrealized profits. These paper gains have reached levels comparable to those seen at the November 2021 peak, when Ethereum touched its all-time high. The similarity in profit conditions has raised concerns among analysts, as such moments in previous cycles often preceded periods of profit-taking or heightened selling pressure.

Ethereum Unrealized Profit by Balance | Source: CryptoQuant

Historically, when unrealized profits for mid-sized whales reached such elevated levels, markets tended to experience increased volatility. Some holders opted to lock in their gains, triggering a cascade of selling that weighed on prices. This behavior doesn’t guarantee an immediate correction, but it underscores the psychological pressure investors face when sitting on substantial profits. Market participants, especially larger holders, often influence broader sentiment and liquidity, creating ripple effects across exchanges and trading desks.

At the same time, Ethereum remains fundamentally strong. Institutional inflows, network activity, and the broader optimism in crypto markets could temper aggressive selling and extend the rally. Still, analysts caution that the balance between bullish momentum and profit-taking behavior will determine Ethereum’s trajectory.

The coming weeks are decisive. A successful push above resistance could reignite momentum and test new highs, while increased selling pressure may trigger a consolidation phase or sharper correction. Ethereum’s fate now hinges on whether whales choose to hold for higher valuations or realize gains at current levels.

Technical Insights: Key Levels To Watch

Ethereum (ETH) is currently trading around $4,599, showing resilience above the $4,500 support level. The chart highlights a period of consolidation after ETH failed to sustain momentum above the $4,750 resistance zone, where selling pressure has repeatedly capped rallies. Despite this, the overall trend remains constructive, with ETH maintaining higher lows since early September.

ETH consolidates around $4,600 | Source: ETHUSDT chart on TradingView

The 50-day SMA (blue) is trending upward and sits close to $4,307, providing dynamic support that has cushioned recent pullbacks. Meanwhile, the 100-day SMA (green) at $3,614 and the 200-day SMA (red) at $2,846 reflect the broader bullish structure, suggesting that the market remains in a long-term uptrend. The moving averages are aligned in bullish order, further reinforcing positive momentum.

However, ETH is encountering strong resistance near $4,750, which remains the key barrier before a potential retest of all-time highs. A decisive breakout above this level, accompanied by rising volumes, could open the path toward $5,000 and beyond. On the downside, a failure to hold $4,500 may trigger a correction toward $4,300 or even the $4,000 psychological support.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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GameFi Guides

Bitcoin Whales Awake, Move Millions Ahead of Highly Anticipated Fed Rate Decision

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In brief

  • Two dormant Bitcoin whales have moved upwards of 2,000 BTC in the past three days.
  • Despite whales’ selling activity, institutional demand remains strong, with ETF-driven accumulation spree exceeding new supply.
  • Experts suggest watching out for the Fed Chair’s tone in today’s rate cut meeting at 2pm ET.

Bitcoin whales inactive for more than a decade have started to wake up as the U.S. Federal Reserve’s September 17 rate cut decision draws close.

A Satoshi-era whale woke up on Wednesday and transferred 1,000 BTC worth to four new wallets, according to on-chain analytics platform Arkham.

In 2013, this whale received 1,000 BTC in four chunks, with the price of Bitcoin hovering around $843. At Bitcoin’s current price of $117,000, the same stack is now worth a staggering $117 million.

More dormant wallets have started waking up as Bitcoin holds above the psychological level of $100,000.

On September 14, a different Bitcoin whale deposited 1,176 BTC to Hyperliquid across two transfers, potentially signaling an intention to sell. This wallet previously converted $4 billion worth of Bitcoin to Ethereum following a Hyperliquid deposit.

Last Thursday also saw a similar activity when a 13-year dormant whale moved a portion of its $50 million holdings to new wallets, according to a previous Decrypt report.

What’s next for Bitcoin?

While old whales may be moving their holdings to book profits, last week’s ETF flows suggest that institutional demand for Bitcoin remains high. Bitwise’s Monday report underscores this demand by showing that the accumulation from exchange-traded funds far exceeds the new supply.

The resurgence of Bitcoin ETF flows “highlights a more cautious mood,” Illia Otychenko, lead analyst at CEX.IO, told Decrypt last week. “Investors are now favoring Bitcoin as the safer bet ahead of the Fed decision.”

CME’s FedWatch tool shows a 100% possibility of a rate cut, with the odds of a 25 basis point rate cut hovering around 94%. On prediction market Myriad, launched by Decrypt’s parent company DASTAN, users place a 91.8% chance on a 25bps rate cut and a 4.7% chance on a 50bps decrease.



With the majority of investors expecting a quarter-point rate cut, all eyes are now on the Fed Chair Jerome Powell’s tone, according to experts in a previous Decrypt report.

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Key Reason Why 90,000 ETH Offloaded by Whales in Past 48 Hours Shared by Analyst
Crypto Trends

Key Reason Why 90,000 ETH Offloaded by Whales in Past 48 Hours Shared by Analyst

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  • 90,000 ETH sold within 48 hours, here’s key reason
  • Tom Lee predicts Ethereum to $5,500 by mid-October

Crypto trader and analyst Ali Martinez, known on the X social media platform as @ali_charts, has reported that over the past two days, large cryptocurrency whales have offloaded a massive amount of Ethereum valued at nearly half a billion dollars.

The analyst also revealed the key reason that likely pushed the whales to that step.

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90,000 ETH sold within 48 hours, here’s key reason

Martinez shared a chart provided by the on-chain data company Santiment, which shows that the rapid decline in whale holdings aligns with a 6.53% price drop in Ethereum over the past few days. Back then, the second-largest cryptocurrency went down from a local peak of $4,757, landing at the $4,510 level. It seems that whales decided to lock in their profits, seeing the price go down. Those were wallets holding between 10,000 and 1,000 ETH.

By now, Ethereum has rebounded by 1.42% and is changing hands at $4,510 after reaching $4,548 earlier today.

Tom Lee predicts Ethereum to $5,500 by mid-October

Earlier this week, Fundstrat’s Tom Lee spoke to CNBC, sharing that he expects Bitcoin and Ethereum to skyrocket within the next three months, as they can make “a monster move.”

The main trigger for that, according to Lee, is the interest rate reduction to be announced by Federal Reserve Chairman Jerome Powell today. The very smallest price jump for Ethereum he expects to see is $5,500 by the middle of October.



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HBAR/USD (TradingView)
NFT Gaming

HBAR Tumbles 5% as Whales Trigger Selloff

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Hedera Hashgraph’s HBAR token endured steep losses over a volatile 24-hour window between September 14 and 15, falling 5% from $0.24 to $0.23. The token’s trading range expanded by $0.01 — a move often linked to outsized institutional activity — as heavy corporate selling overwhelmed support levels. The sharpest move came between 07:00 and 08:00 UTC on September 15, when concentrated liquidation drove prices lower after days of resistance around $0.24.

Institutional trading volumes surged during the session, with more than 126 million tokens changing hands on the morning of September 15 — nearly three times the norm for corporate flows. Market participants attributed the spike to portfolio rebalancing by large stakeholders, with enterprise adoption jitters and mounting regulatory scrutiny providing the backdrop for the selloff.

Recovery efforts briefly emerged during the final hour of trading, when corporate buyers tested the $0.24 level before retreating. Between 13:32 and 13:35 UTC, one accumulation push saw 2.47 million tokens deployed in an effort to establish a price floor. Still, buying momentum ultimately faltered, with HBAR settling back into support at $0.23.

The turbulence underscores the token’s vulnerability to institutional distribution events. Analysts point to the failed breakout above $0.24 as confirmation of fresh resistance, with $0.23 now serving as the critical support zone. The surge in volume suggests major corporate participants are repositioning ahead of regulatory shifts, leaving HBAR’s near-term outlook dependent on whether enterprise buyers can mount sustained defenses above key support.

HBAR/USD (TradingView)

Technical Indicators Summary
  • Corporate resistance levels crystallized at $0.24 where institutional selling pressure consistently overwhelmed enterprise buying interest across multiple trading sessions.
  • Institutional support structures emerged around $0.23 levels where corporate buying programs have systematically absorbed selling pressure from retail and smaller institutional participants.
  • The unprecedented trading volume surge to 126.38 million tokens during the 08:00 morning session reflects enterprise-scale distribution strategies that overwhelmed corporate demand across major trading platforms.
  • Subsequent institutional momentum proved unsustainable as systematic selling pressure resumed between 13:37-13:44, driving corporate participants back toward $0.23 support zones with sustained volumes exceeding 1 million tokens, indicating ongoing institutional distribution.
  • Final trading periods exhibited diminishing corporate activity with zero recorded volume between 13:13-14:14, suggesting institutional participants adopted defensive positioning strategies as HBAR consolidated at $0.23 amid enterprise uncertainty.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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Shiba Inu Looks to Scale 200-day SMA as Dogecoin Whales Boost Coin Stash to 10B
GameFi Guides

Shiba Inu Looks to Scale 200-day SMA as Dogecoin Whales Boost Coin Stash to 10B

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Shiba Inu SHIB$0.0₄1306 is looking to establish a foothold above the 200-day simple moving average (SMA) as whales boost their dogecoin DOGE$0.2457 stash to a nearly four-year high.

SHIB has exhibited considerable fortitude throughout the 24-hour trading, ascending from $0.00001287 to $0.00001312, constituting a respectable 2% appreciation.

At press time, the token traded close to the 200-day SMA of $0.00001300. A breakout would confirm a shift from a bearish to a bullish trend, as the 200-day SMA is widely tracked as barometer of long-term trajectory. Note that bulls have already failed twice in the past four weeks to secure the breakout.

SHIB is looking to top the 200-day SMA. (TradingView/CoinDesk)

That said, the latest attempt may succeed as it is marked by a pick-up in trading volumes. According to CoinDesk’s market insights AI model, as SHIB neared the 200-day SMA, volumes picked up to an extraordinary 943.1 billion tokens, suggesting institutional capital deployment and validating the optimistic breakout trajectory.

Key technical insights

  • Prices appreciated from $0.00001287 to $0.00001312, representing a 2% gain across 24 hours.
  • Substantial support was established near the $0.00001270 level, with consistent buyer emergence.
  • Resistance penetration occurred at $0.00001300 level amid elevated volume.
  • Session pinnacle reached $0.00001316 on an extraordinary volume of 943.1 billion tokens.
  • Psychological support threshold at $0.00001300 successfully defended throughout rally phase.
  • The token’s destruction rate experienced an extraordinary 1,682% escalation with 1.3 million tokens withdrawn from circulation, whilst Shibarium network activity demonstrated resurgence with daily transactions surpassing 1.2 million.
  • Financial markets presently assign 100% probability to U.S. interest rate reductions within eight days, with meme cryptocurrency derivatives exhibiting heightened institutional engagement as open interest in SHIB appreciated 4%.

Dogecoin whale stash rises

Dogecoin DOGE$0.2457, the world’s leading meme token by market value, has surged over 10% in one week, largely driven higher by expectations for a spot DOGE ETF approval in the U.S.

The rally is marked by a sharp rise in the number of coins held by DOGE whales.

According to Santiment, wallets holding 1M to 10M DOGE began accumulating during the late August dump and have since increased their total holdings to 10.91 billion DOGE, a nearly four-year high, representing 7.23% of the meme coin’s supply.



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(Santiment)
GameFi Guides

Cardano’s Bearish Retail Crowd Hands Whales a Buying Window

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Cardano’s retail base has flipped bearish after weeks of drawdowns, setting up conditions where whales could step in.

Data from Santiment shows ADA’s bullish-to-bearish commentary ratio slumped to 1.5:1 this week — the lowest in five months. The sentiment dip coincided with a 5% rebound, suggesting traders who sold into frustration may have helped mark a local bottom.

Historically, ADA rallies have tended to begin when retail sentiment is weakest. Santiment flagged a similar setup in mid-August, when a 2:1 ratio aligned with a surge. Conversely, euphoric spikes — like the 12.8:1 ratio earlier this summer — have preceded sharp pullbacks.

(Santiment)

Sentiment extremes matter because crypto markets are unusually sensitive to retail psychology. When optimism peaks, the crowd often buys into tops. When pessimism sets in, larger players use the selling pressure to accumulate. That pattern has been visible across multiple assets this year, including bitcoin and XRP.

For Cardano, the shift suggests whales could use current weakness to build positions, especially if retail continues to capitulate.

The crowd-versus-price divergence remains one of crypto’s more reliable short-term trading signals. For now, ADA’s impatient traders may have just handed longer-term investors their entry point.



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Trump-linked WLFI’s 40% decline causes millions in losses for crypto whales
NFT Gaming

Trump-linked WLFI’s 40% decline causes millions in losses for crypto whales

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Whales, or big cryptocurrency investors, have lost millions of dollars by betting on the price appreciation of the Trump family-linked World Liberty Financial (WLFI) token.

Since its launch on Monday, the WLFI token’s price fell by over 40%, despite a large-scale token burn event that permanently reduced the token’s circulating supply, aiming to tighten supply and boost the value of the remaining tokens on the market.

Despite the over 40% decline, some of the pre-sale holders are still showing confidence in the presidentially endorsed token.

Out of more than 85,000 pre-sale participants, 60% were still holding the token, while only 29% had fully sold, wrote blockchain data platform Bubblemaps, in a Wednesday X post.

Source: Bubblemaps

Whales lose millions on Trump-linked WLFI’s 40% dip, despite 47 million burn

Big crypto investors, or whales, were suffering millions in losses on the Trump family-linked World Liberty Financial (WLFI) token, which continued to decline despite a proposal to reduce the circulating supply.

Whale wallet 0x432 lost more than $1.6 million after closing a 3x leveraged WLFI long position, according to Onchain Lens.

“The moral of the story: never be in FOMO,” short for fear of missing out, wrote the platform in a Thursday X post, referencing the whale’s hasty investment move.

The investor had opened a second long position on the WLFI token just 15 hours after closing a previous one with a $915,000 profit, only to lose the $1.6 million.

Confidence in Trump-linked token weakens

Other whales were also exiting WLFI positions at a loss, signaling waning confidence in the Trump-affiliated token’s price outlook.

Source: Onchain Lens

The whale selling came a day after the WLFI platform burned 47 million tokens on Wednesday, permanently removing them in a bid to tighten supply and boost the value of the remaining tokens.

The token burn was not enough to stop its post-launch decline, as the WLFI price fell another 18% in the 24 hours leading up to 8:31 am UTC Thursday, marking a total decline of 41% since it was launched on Monday, according to CoinMarketCap data.

WLFI/USD, all-time chart. Source: CoinMarketCap

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Avalanche activity driven by DEXs, trading bots, whale memecoin speculation

Smart contract blockchain Avalanche recorded a consistent surge in blockchain activity, as analysts pointed to growing decentralized trading activities and returning crypto whale speculation on the next emerging memecoin.

Avalanche’s transaction growth surpassed all other blockchains the past week, increasing 66% to 11.9 million transactions across more than 181,000 active addresses, signaling growing investor mindshare focusing on the blockchain.

The milestone occurred after a “landmark effort” by the US Department of Commerce, which adopted Avalanche, along with nine other public decentralized blockchains, to publish its real gross domestic product (GDP), Cointelegraph reported on Aug. 29.

Despite Avalanche’s growing institutional and governmental adoption, we “cannot at this point attribute this to the US Government adopting Avalanche for its GDP data,” said Nicolai Sondergaard, research analyst at the Nansen crypto intelligence platform.

The network’s increasing blockchain activity was mainly driven by decentralized finance (DeFi) traders, miner extractable value (MEV) trading bots and whales speculating on the next big memecoin launch, the analyst told Cointelegraph, adding:

“The transaction surge is driven by: 60% DeFi protocol activity (Trader Joe, Aave, Benqi), 25% Automated trading bots and MEV, and 10% Whale trading and memecoin speculation […].”

The research analyst said that the additional 5% of activity was attributed to blockchain gaming and non-fungible tokens (NFTs).

Avalanche, top five entities by blockchain users, 180 days. Source: Nansen

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DeFi lending rises 72% on institutional interest, RWA collateral adoption

Decentralized lending protocols are surging in total value and set to capitalize on the growing institutional adoption of stablecoins and tokenized assets, according to Binance Research.

Decentralized finance (DeFi) lending protocols are automated systems that facilitate lending and borrowing for investors via smart contracts, eliminating the need for financial intermediaries like banks.

DeFi lending protocols have risen more than 72% year-to-date (YTD), from $53 billion at the beginning of 2025 to over $127 billion in cumulative total value locked (TVL) on Wednesday, according to Binance Research.

This explosive growth is attributed to DeFi lending protocols benefiting from accelerated institutional adoption of stablecoins and tokenized real-world assets (RWAs).

“As stablecoin and tokenized asset adoption accelerates, DeFi lending protocols are increasingly positioned to facilitate institutional participation,” wrote Binance Research in a Wednesday report shared exclusively with Cointelegraph.

DeFi lending protocols, TVL, year-to-date chart. Source: Binance Research

A significant portion of this growth was attributed to Maple Finance and Euler, which saw 586% and 1,466% rises, respectively.

“As tokenized assets continue integrating into the mainstream financial system, we expect a new generation of onchain financial products to emerge, enabling more efficient, transparent, and accessible capital markets,” a Binance Research spokesperson told Cointelegraph, adding:

“DeFi lending protocols, in particular, offer a programmable and interoperable framework that makes them well-suited to facilitate greater institutional participation.”

This emerging dynamic is set to enhance DeFi liquidity and the broader crypto ecosystem by “bridging traditional finance and decentralized infrastructure,” added the spokesperson.

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Mantle 2.0 to accelerate DeFi-CeFi convergence: Delphi Digital

Mantle 2.0, which aims to become the institutional “liquidity chain” for tokenized real-world assets, is championing a new business model that may accelerate the mutually beneficial convergence between the industry’s centralized and decentralized participants.

Mantle Network was initially launched as an Ethereum layer-2 (L2) scaling solution in 2021 under BitDAO, as the first L2 network launched by a decentralized autonomous organization (DAO).

In July 2023, BitDAO and Mantle Network consolidated into the Mantle brand and the Mantle (MNT) token.

The project is now entering a “new phase in its lifecycle,” dubbed Mantle 2.0. It is marked by Bybit executives being installed as key advisers and a new roadmap targeting the convergence of centralized finance (CeFi) and decentralized finance (DeFi), according to crypto research firm Delphi Digital’s Wednesday report.

Mantle 2.0 may champion a new business model for the cryptocurrency industry, encouraging more DAO-governed projects to merge with major centralized exchanges, combining the advantages of decentralized governance with the deep liquidity and mainstream user base of centralized trading venues.

On Aug. 18, the Bybit exchange launched multiple exclusive campaigns and earn products for the MNT token. 

On Aug. 29, Bybit exchange and Mantle revealed a combined roadmap, which awarded MNT holders lower slippage buys, more payment options within the Bybit ecosystem and other savings and staking products.

Source: Delphi Digital

“Mantle is no longer just an L2 but the foundation of Bybit’s ecosystem. This isn’t a simple partnership but a play for RWA dominance,” wrote Delphi Digital in a Wednesday X post, adding:

“This update shifts the Mantle token into a Bybit utility asset.”

“This anchors MNT’s value to Bybit’s massive daily volume ($3-5B spot, $25B+ derivatives) over simple governance,” wrote the research firm, adding that we are seeing the emergence of a “new competitive landscape that merges TradFi infrastructure with DeFi rails.”

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Venus Protocol recovers user’s $13.5 millon stolen in phishing attack

Decentralized finance (DeFi) lending platform Venus Protocol helped a user recover stolen crypto following a phishing attack tied to North Korea’s Lazarus Group. 

On Thursday, Venus Protocol announced that it had helped a user recover $13.5 million in crypto after the phishing incident that occurred on Tuesday. At the time, Venus Protocol paused the platform as a precautionary measure and began investigating. 

According to Venus, the pause halted further fund movement, while audits confirmed Venus’ smart contracts and front end were uncompromised.

An emergency governance vote allowed the forced liquidation of the attacker’s wallet, enabling stolen tokens to be seized and sent to a recovery address. 

Source: Kuan Sun

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DeFi market overview

According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green.

The meme token MemeCore (M) rose by over 236% as the week’s biggest winner in the top 100, followed by memecoin launchpad Pump.fun’s (PUMP) token, up over 41% during the past week.

Total value locked in DeFi. Source: DefiLlama

Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.



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ripple xrp xrpusd
Crypto Trends

XRP Holds $2.80 Support as Whales Accumulate Nearly $1B: Could this Be Start to $4?

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

XRP has managed to hold its $2.80 support despite a sharp 4% drop over the past 24 hours, falling from $2.85 to $2.75 in the Aug. 31–Sept. 1 trading session.

The sell-off was fueled by institutional liquidations totaling $1.9 billion since July, but whale investors took the opposite stance, scooping up 340 million XRP worth nearly $962 million during the dip.

This accumulation suggests that large holders view current prices as a strategic entry point, even as short-term traders exit positions. Data also shows $268 million in XRP leaving exchanges, reinforcing the view that long-term investors are tightening supply in anticipation of future gains.

Technical Setup Points XRP Toward $4

From a technical perspective, XRP’s immediate support lies between $2.75–$2.77, with resistance seen at $2.80–$2.87. Analysts note that a close above $2.87 could open the path toward $3.30, a critical breakout zone that could trigger further momentum.

The XRP Price moving sideways on the daily chart. Source: XRPUSD on Tradingview

Momentum indicators back the bullish case. The Relative Strength Index (RSI) has dipped into oversold territory, while MACD compression hints at a potential bullish crossover.

On the charts, XRP is consolidating inside a symmetrical triangle pattern, similar to formations that preceded explosive rallies in 2017. Liquidity maps show clusters of activity extending to $4.00, indicating possible targets if the breakout materializes.

Whales Diverge From Institutional Selling

The contrasting behavior between whales and institutions is shaping market dynamics. While institutions have offloaded nearly $2 billion in XRP since July, whale absorption of 340 million tokens suggests confidence in the token’s longer-term trajectory.

Funding rates have also flipped positive, and open interest in XRP derivatives now stands above $8 billion, signaling that traders are positioning for upward moves. If buying pressure holds and September’s seasonal weakness is overcome, XRP could mount a recovery rally toward the $4 region.

Bottom Line

XRP’s ability to defend $2.80, supported by nearly $1 billion in whale accumulation, strengthens the case for a potential breakout. If resistance levels fall, a run toward $4 may be closer than many expect, though September volatility and regulatory headwinds remain key risks.

Cover image from ChatGPT, XRPUSD chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Weekly Wrap: Crypto Market Tumbles, Bitcoin Whales Pivot To Eth, Altcoins Treasuries, And More
GameFi Guides

Crypto Market Tumbles, Bitcoin Whales Pivot to ETH, Altcoins Treasuries, and More

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The crypto market took a notable shift this week with leading cryptocurrencies taking a stiff downtrend. While the price of Bitcoin dropped to a monthly low of $108k, it led the rest of the market to a volatile ride. Keeping these market movements in the thick of it, here is the quick review, covering what happened in the cryptocurrency industry this week. 

Top Headlines

Below are the top headlines of this week from the crypto industry; 

Crypto Market Tumbles

Amid uncertainty in market sentiment, Bitcoin took a bearish turn and fell to monthly lows below $109K for the first time since 9th July. Following Bitcoin, the leading cryptocurrency, other altcoins—including Ether (ETH), Solana (SOL), and XRP—also witnessed remarkable volatility. 

The primary reason behind this downtrend was waning investor confidence in a September Federal Reserve rate cut, triggering a risk-off sentiment and significant liquidations. Throughout the week, the crypto market also witnessed notable liquidations. 

Bitcoin Whale Move Funds to Ethereum (ETH)

A massive Bitcoin whale, holding over $11 billion in BTC, made headlines by selling 22,769 Bitcoin worth $2.59 billion and rotating the funds into Ethereum, purchasing 472,920 ETH ($2.2 billion) and opening a $577 million Ether long position on Hyperliquid. This capital shift signals growing institutional confidence in Ethereum’s upside potential, potentially fueling an altcoin season. 

Arthur Hayes Predict 126x Spike in HIKE Price

At the WebX 2025 conference in Tokyo, former BitMEX CEO Arthur Hayes made a bold prediction. He forecasted a 126x surge for Hyperliquid’s HYPE token, potentially reaching $5,000 by 2028. Speaking on August 25, Hayes attributed this massive upside to the expected $10 trillion stablecoin market, which he believes will drive Hyperliquid’s annualized fee revenue from $1.2 billion to $258 billion. This prediction has sparked significant investor interest for the HYPE token. 

Altcoin Treasuries Continue Rising

The crypto market is witnessing a surge in corporate altcoin treasury strategies as companies diversify beyond Bitcoin. In recent moves, B Strategy, backed by YZi Labs, announced a $1 billion U.S.-listed BNB treasury firm to bolster the BNB ecosystem. Meanwhile, Canadian firm Luxxfolio filed a CAD $100 million (approximately $73 million) prospectus to expand its Litecoin treasury. 

Besides, Trump Media, Crypto.com, and Yorkville Acquisition also launched Trump Media Group CRO Strategy Inc., a $6.42 billion CRO treasury venture, acquiring $1 billion in CRO tokens to integrate with Truth Social’s rewards system. Additionally, DeFi Dev Corp strengthened its Solana holdings with a $77 million purchase of 407,247 SOL, pushing its total to 1.83 million SOL. 

Brazil and Philippines Plans Strategic Bitcoin Reserve

While Bitcoin is gaining ground as a leading store of value asset, Brazil and the Philippines are advancing bold initiatives to integrate Bitcoin into their national financial strategies. On 25th August, the Chamber of Deputies in Brazil held a hearing for Bitcoin-linked legislation proposed by Federal Deputy Eros Biodini. The proposed bill considers an allocation of up to 5% of Brazil’s international reserves toward Bitcoin. 

Meanwhile, in the Philippines, the Congress received a bill proposing a Bitcoin treasury to boost the nation’s financial stability, buying 10,000 Bitcoin (BTC) over a period of five years.

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Top Gainers and Losers this Week

As Bitcoin dipped nearly 6% from the weekly high, various altcoins saw huge sell-off. Meanwhile Cronos (CRO), the native token of Crypto.com exchange, surged a staggering 99% after Trump Media and Yorkville’s treasury announcement. 

GainersLosersCRO (Cronos): +99%AERO (Aerodrome Finance): -23%PTYH (Pyth Network): +53%PENDLE (Pendle): -20%PUMP (PumpFun): +9%LDO (Lido DAO): -18%KCS (KuCoin Token): +8%SPX (SPX6900): -17%FORM (Four): +6%PENGU (Pudgy Penguin): -16%

What to expect for next week?

All the predictions for the next week are on the edge due to the market’s volatility and sensitivity to macroeconomic factors, regulatory developments, and investor sentiment. The cryptocurrency markets may be influenced by key macroeconomic events such as the U.S. Weekly Jobless Claims on September 4 could signal labor market strength, potentially boosting risk assets like Bitcoin if positive. On September 5, the U.S. PCE Price Index, the Federal Reserve’s preferred inflation gauge, may also impact rate cut expectations, with higher readings potentially pressuring crypto prices. 

Moreover, Global PMI data, particularly U.S. Services PMI, could further shape sentiment by reflecting economic resilience. These events may drive volatility, so investors should stay vigilant and conduct thorough research. 

Also Read: Japanese Nail Salon Firm Convano to Raise $3B for 21,000 BTC



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