Whale Activity Weekly Round-Up: XRP Witnesses Significant Dump, ETH, OP Token Incite Interest

Whales are major players in the industry who accumulate or dump tokens of various types of cryptocurrencies. They either take advantage of prices, macroeconomics, accumulate tokens or leverage falling prices to buy the token.

Timeline of Ethereum, Optimism-ethereum, Xrp

As the cryptocurrency market is waiting for the official closure of the legal battle between the United States Securities and Exchange Commission (SEC) and Ripple, those close to the case have weighed in on the latest court decision denying the regulator's request for an early appeal.

There was a bearish order block at $0.55 on the daily chart that formed on 29 August, but XRP bulls have forced prices higher since mid-September and signaled a breakout was likely

Ethereum's price action has been relatively bearish in recent months, breaking below multiple support levels. However, investors can still be hopeful that an upward movement may be on the horizon.

The judge who determined that retail sales of XRP tokens do not constitute a security offering just denied the U.S. Securities and Exchange Commission's (SEC) motion to appeal the ruling. In a new court order dated October 3 and shared on the social media platform X by lawyer James K.

DR The XLS-39 Clawback, part of the XRP Ledger Version 1.12.0, allows asset issuers to “claw back” assets for account recovery or in case of suspected fraudulent activity. The feature has stirred debate in the XRP community, with concerns about it granting issuers excessive control and potential for misuse.

Wire Network announced on Wednesday it opened its decentralized MegaMask wallet to the public for alpha testing. Currently, in this early-access phase, MegaMask wallet allows users to send, receive and buy cryptocurrency across platforms such as Wire Network, Polygon (CRYPTO: MATIC) and Ethereum (CRYPTO: ETH).

XRP, the digital currency associated with Ripple Labs, has been making headlines with its recent price rally. However, a report suggests that the hype surrounding its performance might be overstated, as market data paints a different picture.

An on-chain crypto investigator took to social media to expose the supposed black truth behind Justin Sun's Tron but has thrown Ethereum in the mix, alleging that the cryptocurrency is backed by the CCP and may harbor crypto wallet addresses by Fentanyl traffickers. On-Chain Detective Unveils Potential Tron Ponzi Scheme An X (formerly Twitter) user going by the username @BoringSleuth has gained the attention of the crypto community after uncovering potential evidence of Tron allegedly being a Ponzi scheme governed by one of the world's largest crypto criminal drug cartels.

XRP token (XRP) is among the best-performing cryptocurrencies of the day, in the top 100 by market cap, with a price increase superior to 4.5% in the last 24 hours. However, the most relevant surge is within its spot exchange and derivatives volume, both more than doubling up on October 4.

In a new development in the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), Ripple secured a significant victory on October 3 as a federal judge dismissed the regulator's intention to appeal the ruling made in mid-July.