Take a closer look at the weekend's top three news stories with U.Today.
Ripple's $487 million XRP transfer sparks questions
According to a recent X post by Whale Alert blockchain sleuth, on Friday, June 6, Ripple transferred a large lump of XRP tokens worth $498 million to an unknown wallet. This massive transfer has puzzled the community, with one user noting that it is already "late in the month" for escrow moves. On June 4, Ripple unlocked one billion XRP tokens, deviating from its usual schedule. Prior to this, the company locked 670 million tokens in escrow. Some see this transfer as a bearish signal, fearing it could lead to increased selling pressure on XRP. At press time, XRP is changing hands at $2.25, down 0.17% over the past 24 hours, per CoinMarketCap. Additionally, another transfer of 50 million XRP worth approximately $108 million was also noted between unknown wallets on the same day.
24,000,000,000,000 Shiba Inu (SHIB) surge: Six-month record
On Thursday, June 5, Shiba Inu registered a significant development; the volume of whale transactions has reached its highest point in six months, hitting 24.3 trillion SHIB. Data from IntoTheBlock demonstrates that 522 large transactions were recorded on that day alone, suggesting that institutional players or whales may be repositioning. Historically, such spikes in whale transaction volume have preceded major market shifts, often signaling either strategic accumulation (buying) or distribution (sell-off). The size of this movement suggests that smart money could be preparing for a larger move, despite SHIB's price remaining around $0.000012 at the time of the surge. Such large on-chain movements indicate deep liquidity rearrangements rather than retail activity. If momentum and sentiment improve, this could trigger a rally. Investors should watch the $0.0000138 level, as breaking above it may lead to a rise toward $0.0000156.
Dogecoin nears eight million holders: What to expect for price?
Santiment market intelligence platform has recently shared data on the total number of holders across the select top cap assets. Dogecoin, one of the most popular meme tokens, took honorary third place, boasting 7.97 million holders. This makes DOGE one of the most widely held cryptocurrencies after Bitcoin and Ethereum, as it is nearing a major milestone of eight million holders. The increasing holder count is a positive sign of network health and investor interest, which could also signal upcoming price movements. Currently, DOGE is trading at $0.1845, up 0.45% over the past 24 hours. Analysts view $0.20 as key resistance for DOGE. A high-volume break above it could boost upward momentum, supported by rising holder numbers. DOGE's future price trend depends on whether it breaks above $0.26 or falls below $0.14; a break above $0.26 may send Dogecoin to $0.38, while a drop below $0.14 might lead to a plunge to $0.10.
