XRP, Shiba Inu and Two Additional Altcoins Witnessing Increased Interest From Whales, Says Santiment

Crypto analytics platform Santiment is singling out four top altcoins that are experiencing increased interest from whales. Santiment's director of marketing Brian Quinlivan says that the four altcoins are “seeing some major whale activity that could indicate they could have some nice rebounds if and when crypto starts to stabilize again.

Timeline of Shiba-inu, Xrp

In a dramatic turn of events, the crypto market witnessed a whirlwind of liquidations, resulting in over $1 billion in losses within a mere 24 hours. The fallout, affecting nearly 200,000 traders, sent shockwaves through the trading community.

Shortly after blockchain company Ripple filed its opposition to the United States Securities and Exchange Commission's (SEC) anticipated motion to file an interlocutory appeal in the prolonged legal standoff between the two, the court set a briefing schedule for the regulator's request.

Ripple's XRP lost more than $5 billion of its market capitalization after Thursday's late-night market meltdown liquidated $1 billion from crypto traders. Data from CryptoSlate shows that XRP is among the top 10 losers for Aug. 18, plunging by more than 20% during the reporting period to as low as $0.473.

Shiba Inu (SHIB), the meme coin that took the crypto world by storm, recently faced a significant setback. A staggering 35% of SHIB's gains evaporated during what is now being referred to as the "Shibarium correction.

The Shib army was disappointed after the much-anticipated launch of the Shibarium protocol failed to meet expectations that matched the hype as transactions got stuck just after the mainnet launch. With the team failing to beat everyone's expectations, there has been growing Fear, Uncertainty and Doubt (FUD) in the ecosystem.

In a significant development in the crypto world's legal battle between Ripple and the US Securities and Exchange Commission (SEC), a federal judge has granted the SEC the opportunity to file a motion that could potentially allow it to appeal a groundbreaking ruling regarding the classification of the crypto XRP as a security.

XRP has left a bloody mess as crypto markets reacted to alleged reports of Elon Musk's Tesla liquidating its $377 million position in Bitcoin. On top of this, the crypto market did not sit well with the Federal Open Market Committee (FOMC) minutes, which pointed to further interest rate hikes to curb inflation.

Judge Analisa Torres has approved the U.S. Securities and Exchange Commission's (SEC) request to leave for an interlocutory appeal in its case against Ripple. This decision concerns the July 13 ruling that states XRP sales on secondary exchanges are not investment contracts. ?OKAY I'm going to re-do this.

A federal judge has given the U.S. Securities and Exchange Commission (SEC) the go-ahead to appeal a decision that said Ripple didn't break securities laws by offering XRP to retail traders on exchanges.

In a significant move signaling the growing importance of Central Bank Digital Currencies (CBDCs) in global financial systems, Mastercard has announced a strategic partnership with several blockchain companies, including Ripple. Meanwhile, the XRP price took a nosedive in the past 24 hours, falling 14.3% amidst the marketwide downturn.