The article covers three major crypto news stories: XRP’s price stabilisation preventing a drop below $1, Strategy’s significant Bitcoin purchase amounting to $285 million, and substantial Shiba Inu inflows driven by whale activity. XRP has experienced renewed interest with ETF talk, while Strategy’s BTC holdings now comprise 2.5% of total supply. Shiba Inu sees increased accumulation amid uncertainty regarding its future growth.
XRP Price Dynamics
Recent developments indicate that XRP is no longer at risk of adding a zero to its price, which would mean falling below $1. The asset, currently priced at $2.18, has seen a 2.31% increase in the past 24 hours and a 12.11% rise over the past week. Following a market recovery, XRP’s lowest point was $1.64 during heightened sell-offs. An observed stabilisation in trading volume signals renewed interest, while the ongoing speculation surrounding XRP ETFs involving major firms like BlackRock may enhance its future growth.
Strategy’s Significant Bitcoin Acquisition
On April 14, the Strategy business intelligence firm announced a major acquisition of 3,459 BTC valued at approximately $285 million, which elevates its total holdings to 531,644 BTC. This represents 2.5% of Bitcoin’s total supply of 21 million coins. Strategy’s co-founder Michael Saylor hinted at this development in a recent social media post, stating that “21M is the most important number in finance.” As of now, Bitcoin is priced slightly above $85,000, and although the purchase was substantial, its immediate effect on Bitcoin’s price has been minimal.
Shiba Inu Whale Activity
Shiba Inu has recently attracted significant attention due to whale activity, with 160 billion tokens being accumulated in just two days. Netflow data from IntoTheBlock reveals that large holders have increased their accumulation rates to over 80 billion SHIB daily. This trend suggests a possible turning point for SHIB, despite longer-term netflows remaining negative. Currently, SHIB trades at approximately $0.000012, maintaining key support levels, yet struggles with moving averages. The recent whale interest raises questions about potential price fluctuations in the future, although the sluggish pace of innovation within the SHIB ecosystem casts doubt on its long-term recovery prospects.
