Cryptocurrencies are continuously changing, with upgrades and new advancements being published frequently. In recent news, Ripple (XRP), Shiba Inu (SHIB), and TMS Network (TMSN) have all garnered headlines for their various accomplishments in the crypto world.
These two cryptocurrencies are important because they enable safe and open transactions and excite investors. This article will examine the most recent Ripple (XRP), Shiba Inu (SHIB), and TMS Network (TMSN) developments and what they mean for the crypto-sphere’s future.
Whales have been observed moving Ripple (XRP) in large quantities to cryptocurrency exchanges to dump the tokens. According to data, 161 million Ripple (XRP), or around $60 million, have been transferred to the Bitstamp cryptocurrency market. The largest dump transaction ever was the transfer of 51 million Ripple (XRP) worth $18.6 million to the exchange.
Data reveals that a whale address purchased 31.3 million Ripple (XRP) for $11.3 while others attempted to sell their holdings. Throughout the last week, there hasn’t been much fluctuation in the price of Ripple (XRP). But during the past 24 hours, the price of Ripple (XRP) has increased by more than 2%. As of publication, it is trading for an average price of $0.36. The 24-hour trading volume for Ripple (XRP) has decreased by 6% to $1.4 billion.
These Ripple (XRP) whale moves have coincided with the CEO of Ripple, Brad Garlinghouse, commenting on claims that their money is stranded in a Silicon Valley bank. The CEO of Ripple claimed in a Twitter thread that because the defunct bank had been one of their banking partners at the time, Ripple had some exposure to it.
Shiba Inu (SHIB)
The price increase for Shiba Inu (SHIB), driven by the Shibarium update and Ethereum (ETH) whale purchase, reached a new low on Thursday. As a result, Shiba Inu (SHIB) has seen a value decline of around 9%. The whale tracker detected a huge whale transaction shortly after the significant SHIB price pump, which may assist in explaining the subsequent price decline.
According to WhaleAlert, whale addresses have traded more than 443 billion Shiba Inu (SHIB) coins—roughly $5.1 million—in a single exchange. In addition, SHIB tokens were deposited in the OKEx cryptocurrency exchange as part of this transaction.
The most-held token by ETH Whales has stayed the same. The price of Shiba Inu, which had been gradually declining the day before, is being monitored. In the cryptocurrency market the day before, 318.3 billion Shiba Inu coins were traded for about $3.55 million.
TMS Network (TMSN)
TMS Network (TMSN), a brand-new decentralized network, revolutionizes trade for all parties. Users of the TMS Network can trade a wide range of assets, such as cryptocurrency, foreign exchange, stocks, and CFDs. In addition, they can invest in over 500 cryptocurrencies and pay minimal transaction costs.
TMS Network (TMSN) raised $500,000 through a successful stage 1 presale, and now the business is trending on social media and in the media. The stage 2 presale for TMS Network (TMSN), which started at $0.038 per coin, has already surpassed the $500,000 mark in just two weeks and is expected to be even more successful.
The cryptocurrency industry is continuously changing, so keeping up with the most recent advancements in this area is important. The two cryptocurrencies that have recently drawn the most interest are Ripple (XRP) and Shiba Inu (SHIB).
In conclusion, even if each cryptocurrency has its value proposition, it is crucial to do extensive research and proceed with caution before investing in any of them.
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