Ripple and PEPE face turbulence as whales drop the two altcoins to shift to an emerging marvel of the DeFi space called the IntelMarkets. The XRP price has slumped in the current session and PEPE is also facing significant selling pressure meanwhile, IntelMarkets grabs attention with its massive ascent in the presale stage!
Ripple Faces Rocky Road: Factors Driving XRP Price Pressure
One of the critical developments weighing on XRP price prospects is the recent decision by the Chicago Mercantile Exchange to rule out the possibility of listing futures contracts for Ripple, along with Solana’s SOL token.
The CME has long been a preferred platform for institutional investors when it comes to futures contracts for Bitcoin and Ethereum. By excluding the denial itself, there lacks a clear direction on any possible listing roadmaps, further listings of XRP or SOL futures, and an indication of a lack of greater institutional demand for the cryptocurrencies away from Bitcoin and Ethereum.
It is probably for many or one of many reasons, like regulatory uncertainty or poorly defined use cases for altcoins in the portfolio of the institutions. The initial surge in the XRP price at the beginning of January was mostly due to optimism that the coming administration of Trump would see the coming of friendly regulation for the digital asset.
The CEO at Ripple Labs, Brad Garlinghouse, met with Trump in early January, a factor that had raised hopes the shift in policy could fast-track institutional adoption of Ripple. However, the decision of CME to hold back on the futures contracts for Ripple contradicts this optimism, suggesting that the enthusiasm surrounding the XRP price may have been premature.
Regulatory difficulties continue to further cloud the outlook on XRP price. The ongoing litigation between the U.S. Securities and Exchange Commission and Ripple Labs remains unsettled, its outcome is very much in doubt. Institutional investors will more than likely refrain from seriously dealing in Ripple until the overhang is resolved, thereby probably delaying its growth.
PEPE Likely To Crash 56% As Whales Sell 1.1 Trillion PEPE
PEPE price faced significant selling pressure as prominent whales offloaded over 1.1 trillion PEPE, causing the price to fall below $0.000014. On-chain data revealed major whale transactions contributing to the decline. A whale with the address 0xfBfC…07Be deposited 430 B PEPE, valued at approximately $6.39 million, into Binance within the last nine hours.
Another notable transaction came from market participants.eth, who transferred 325.5 billion PEPE, worth around $4.9 million, to Binance 24 hours ago. Further selling activity showed wallet 0xb1a2…6731 liquidating 200.88 billion PEPE for $2.85 million in USDC over the past 2 days.
Adding to the trend, the whale 0xC7ac…BE36 deposited 140.83 billion PEPE, approximately $1.98 million, into Binance just two hours ago. Major market movements illustrate whale behavior changes that threaten the market stability of PEPE.
Market exchanges are reflecting increased selling pressure because 1.1 trillion PEPE tokens entered the trading landscape, which also affects the resulting price trend of the cryptocurrency.
IntelMarkets: Why Investors Are Flocking To INTL!
While Ripple and PEPE face their ups and downs, IntelMarkets (INTL) is quickly making a name in the crypto space. The platform, which leverages artificial intelligence (AI), is designed to provide real-time market analysis, risk management, and automated trading. By integrating AI bots, known as Intelli-M
bots, the platform offers traders a highly efficient and accurate way to execute trades.
These self-learning bots continuously analyze the market and adapt their strategies to maximize profitability for users. With this AI-driven approach, IntelMarkets aims to deliver precise trading information in real-time, setting it apart from traditional cryptocurrency exchanges.
The presale of IntelMarkets (INTL) has been a resounding success, raising over $7.6 million. This new platform is designed to be both secure and user-friendly, targeting both seasoned traders and beginners. One of the key features of the platform is its use of quantum-resistant technology, including the Route X21 protocol, to safeguard against quantum attacks, ensuring the security of digital assets.
Additionally, IntelMarkets plans to launch the Quantum X wallet, which will provide enhanced security for digital currencies. This focus on security and cutting-edge technology has made IntelMarkets a highly attractive option for investors looking for a safer, more effective way to engage in the cryptocurrency market.
Discover More About Intel Markets:
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