Cryptocurrency
Wirex Pay: Revolutionizing Digital Payments With Decentralized Solutions

Digital payment has become an essential part of our everyday lives. With the decreasing use of physical cash, many users are relying on digital payment options to settle daily bills. The drawback is that most platforms offering digital payments are heavily centralized. Some incorporate high fees and minimal incentives for users.
Wirex Pay fixes all these shortcomings by incorporating blockchain technology to facilitate on-chain money transfers across wallets. The platform’s goal is to bridge the worlds of traditional and decentralized finances.
What is Wirex Pay?
Wirex Pay is blockchain-based digital payment platform and a subsidiary of the popular UK-based digital payment company Wirex. The firm focuses on traditional financial services, enabling card issuance and processing and mandating that users undergo a Know-Your-Customer (KYC) assessment across 130 countries.
Describing itself as the first decentralized payment network, Wirex Pay harnesses Polygon’s zero-knowledge (zk) technology to establish a decentralized, gasless, and on-chain payment system. The payment platform also facilitates decentralized lending and borrowing.
The platform enables transactions through the Wirex Pay Card, a self-custodial debit card that allows users to spend their funds within the traditional economy. More than 50 million merchants accept the debit card in over 200 countries.
Wirex Pay’s operations are governed by a decentralized autonomous organization (DAO) called Wirex Pay DAO. The WPAY token is at the center of Wirex Pay’s infrastructure. Built on the Polygon network, the crypto asset serves as the lifeblood of the Wirex Pay DAO.
What is WPAY?
WPAY is the governance token for the Wirex Pay network. Holders of the digital token can participate in the platform’s DAO, voting on proposals and other decision-making actions. Users can also stake their tokens for rewards and operating nodes. The digital asset is also used to facilitate transactions and ensure the community retains control over the platform’s activities.
Node operators were the first to receive WPAY due to their crucial roles in boosting the network’s decentralization and security.
Emphasizing how WPAY plays a key role within the payments ecosystem, Wirex Pay co-founder Pavel Matveev said:
“WPAY represents a key step in building the future of payments. Through Wirex Pay, we’re offering a unique opportunity for users to engage with the crypto world in a practical and secure way, ensuring that digital currencies are not just speculative assets, but usable in everyday life.”
The WPAY token should not be confused with WXT, Wirex’s utility token. The WXT token enables fee discounts and access to premium features on Wirex. Holders also benefit from rewards open to the WXT community.
Although WPAY and WXT holders enjoy some similar benefits, they operate in different ecosystems. Unlike WXT, WPAY gives holders governance rights over the affairs of the Wirex Pay activities.
WPAY has yet to be launched on crypto platforms at the time of this writing. Interestingly, the token will debut on the crypto exchange Gate.io on October 8 at 12 PM UTC.
WPAY Tokenomics
WPAY has a total supply of 10 billion tokens developed under the ERC-20 token standard. Here is a breakdown of how the tokens will be distributed to users:
- Point-based airdrops: Early Wirex Pay users will be rewarded with 5% of the total supply (500 million tokens).
- veWPAY Rewards: Users who staked their tokens will be rewarded 12.86% of the supply (1.286 billion tokens).
- Liquidity: 4% of the total supply (400 million tokens) will be allocated for exchange listings and market-making operations.
- Treasury: 38.14% of the asset’s supply (3.814 billion tokens) is allocated to the Wirex Pay DAO for the network’s development and maintenance.
- Node Rewards: 20% of the supply (2 billion tokens) will be distributed to node operators.
- Team: 20% of WPAY’s supply (2 billion tokens) goes to the platform’s founding members and employees.
Following WPAY’s listing on October 8, the development team has a strategy to ensure the sustainability of the governance token. A significant portion of the token’s supply will be vested for many months and released in bits. The network’s staking capability also encourages users to hold their tokens, preventing users from selling off their WPAY holdings.
Conclusion
WPAY’s establishment as the lifeblood of the Wirex Pay DAO has shown the platform’s determination to bring the most utility to its community. Wirex Pay aims to onboard the next billion users seeking to explore blockchain payment services, WPAY’s listing on October 8 marks the beginning of the token’s journey into the blockchain scene. Looking forward, the platform seeks to secure a listing on other prominent crypto exchanges aside from Gate.io.
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Cryptocurrency
Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

TL;DR
- Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
- Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
- Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.
Large Withdrawals and Whale Activity
Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours.
Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.
One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.
Major ETH Holders Offload Millions Amid Price Rally
In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.
A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months.
Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578.
Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.
The #EthereumFoundation-linked wallet(0xF39d) sold another 1,300 $ETH($5.87M) at $4,518 ~11 hours ago.
Over the past 3 days, this wallet has sold a total of 6,194 $ETH($28.36M) at an average price of $4,578.https://t.co/4hfCWymHVG pic.twitter.com/ErUyEY8SJy
— Lookonchain (@lookonchain) August 15, 2025
Network Activity on the Rise
CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.
Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period.
At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.
In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.
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Cryptocurrency
Massive DOGE Whale Activity Hints at $1 Breakout

TL;DR
- Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
- A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
- DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.
Price and Market Moves
Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion.
Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.
On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.
$Doge/2-week#Dogecoin is gaining strong momentum to surge above $1 pic.twitter.com/TuSEKr19nv
— Trader Tardigrade (@TATrader_Alan) August 15, 2025
Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.
Heavy Whale Buying and Large Transfers
As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community.
Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.
Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.
Whales are back! Dogecoin $DOGE activity at a 1-month high. pic.twitter.com/C83Pv68mCt
— Ali (@ali_charts) August 14, 2025
Sentiment Building
Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding,
“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”
With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.
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Cryptocurrency
Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.
Technical Analysis
By ShayanMarkets
The USDT Pair
On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.
Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.
However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.
This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.
The BTC Pair
Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.
This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.
That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
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