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XRP Surges Among Top Crypto Gainers as New eTukTuk Token Also Posts Gains

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While Bitcoin is stealing the spotlight with its impressive rally, other cryptocurrencies are also enjoying a resurgence.

Among the top gainers is XRP (XRP), which has rocketed over 17% in the past 24 hours to claim the #2 spot on CoinMarketCap’s “Top Gainers” list.

However, a new upstart project called eTukTuk (TUK) is also turning heads in the presale space, drawing attention from investors seeking the next breakout crypto.

XRP Awakens & Drives 17% Price Surge

After largely underperforming during the ongoing crypto bull run, XRP is finally showing signs of life, with a powerful rally in the past day.

XRP’s rally has been relatively muted compared to Bitcoin’s and other major altcoins’ rallies, but that narrative may be shifting.

The token’s rally has propelled it up the market cap rankings to become the sixth-largest cryptocurrency globally.

At a current price of $0.691, XRP is trading at its highest level since December 9, when it topped out at $0.700.

Importantly, XRP has broken out of a tight consolidation range on the daily chart.

Crypto Twitter has been buzzing about XRP’s resurgence, with prominent analyst @CredibleCrypto stating that he’d just added to his long position for the third time.

Fellow Twitter user @TheBlockBull is similarly bullish – claiming that XRP is “ready to blast.”

Whether XRP will soar higher in the near term is anyone’s guess, but market sentiment appears to be shifting in favor of the token.

Whales Spark XRP Frenzy with Colossal Exchange Outflows

XRP’s price surge could be linked to actions by “crypto whales.”

On-chain data shows multiple large transactions of XRP being moved off major exchanges like Binance, Upbit, and others in the past day.

The @whale_alert Twitter account tracked a staggering 70 million XRP worth over $51 million leaving Upbit and going to an unknown wallet yesterday.

After that, three other double-digit million XRP transfers, ranging from 9.3 million to 19.7 million tokens, were spotted exiting Binance for private wallets.

These colossal whale wallets pulling large amounts of XRP off exchanges could be a bullish signal.

Whales often move funds to personal wallets when they intend to hold and accumulate their crypto positions.

This can be a bullish signal, potentially forecasting higher prices.

The departure of XRP from exchanges comes at a time when its on-chain data has started flashing bullish signals.

XRP’s active addresses have spiked massively in the past day, reaching almost 40,000.

With both whales and on-chain metrics turning positive, the stars are finally aligning for XRP to join the market’s rally.

Green Startup eTukTuk Gains Traction with Eco-Friendly Transportation Vision

While XRP’s revival is capturing traders’ attention, another presale project is also turning heads this week.

eTukTuk is an innovative platform aiming to electrify and decarbonize the tuk-tuk transportation industry across developing nations.

The project’s core mission is to replace polluting gas-powered tuk-tuks with a fleet of zero-emission electric “eTukTuks.”

This switch has the potential to dramatically reduce emissions in densely populated cities, leading to cleaner air for millions.

eTukTuk will also build a vast EV charging network to support this eco-friendly transportation revolution.

But eTukTuk’s ambitions extend far beyond just swapping engines.

It plans to leverage AI for optimized vehicle routing, predictive maintenance, and enhanced safety features.

The ecosystem will also incorporate blockchain technology – allowing users to stake the native TUK token and earn sizable annual yields.

According to eTukTuk’s whitepaper, transitioning to electric tuk-tuks could massively slash operating costs for drivers.

In turn, this would provide significant economic benefits and help promote financial inclusion for low-income riders and drivers across the developing world.

This mission to tackle environmental and economic challenges is clearly resonating with investors.

eTukTuk’s ongoing presale has already raised over $1.9 million, with the TUK token currently priced at $0.028.

As it continues raising funds, this green crypto startup could be positioned to disrupt the global transportation sector.

Visit eTukTuk Presale

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Cryptocurrency

Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

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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.

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.

Ethereum (ETH) Tokens Transferred (Total)
Source: CryptoQuant

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.

Ethereum (ETH) Staking Inflow Total
Source: CryptoQuant

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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Massive DOGE Whale Activity Hints at $1 Breakout

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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.

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.

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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Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

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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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