{"id":98000,"date":"2025-09-19T10:55:41","date_gmt":"2025-09-19T10:55:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=98000"},"modified":"2025-09-19T10:55:41","modified_gmt":"2025-09-19T10:55:41","slug":"eth-and-doge-whales-buy-big-xrp-steals-the-show-bits-recap-september-19","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=98000","title":{"rendered":"ETH and DOGE Whales Buy Big, XRP Steals the Show: Bits Recap September 19"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Large ETH investors spent almost $4 billion to increase their holdings in the past three days. <\/span>
\nDOGE whales also went on a buying spree, albeit scooping up a more modest amount of tokens.<\/span>
\nThe first spot XRP ETF in the USA had a glamorous debut. However, the asset\u2019s price is in the red on a daily scale.<\/p>\n

<\/a><\/span><\/h2>\n

ETH Whales on the Move<\/h2>\n

Last weekend, the second-largest cryptocurrency spiked to almost $4,800, perhaps in anticipation of the Fed\u2019s decision to lower the interest rates in the United States. The start of the business week offered a correction below $4,500, but after the central bank slashed<\/a> the benchmark, ETH soared above $4,600 and eventually consolidated at the current $4,500.\u00a0<\/span><\/p>\n

The recent actions of the large investors support the theory that another major rally might be incoming. The popular X user Ali Martinez <\/span>revealed<\/span><\/a> that whales accumulated 820,000 ETH (worth approximately $3.8 billion) over the past 72 hours.\u00a0<\/span><\/p>\n

Following the latest accumulation, this group of investors now collectively holds 31 million coins, or a quarter of the asset\u2019s circulating supply. Massive purchases of that type leave fewer tokens available on the open market, which could be a precursor to a price rally (assuming demand doesn\u2019t diminish). They may also encourage retail investors to distribute fresh capital into the ecosystem, thereby reinforcing the bullish narrative.<\/span><\/p>\n

Meanwhile, the whales\u2019 unrealized profits recently <\/span>reached<\/span><\/a> almost $45 billion, or a level last seen at the end of 2021.\u00a0<\/span><\/p>\n

What\u2019s Going on With DOGE?<\/span><\/h2>\n

Dogecoin whales also increased their holdings, <\/span>purchasing<\/span><\/a> 158 million coins for nearly $45 million. Those investors holding between one million and ten million coins now possess a total stash of over 11 billion DOGE.\u00a0<\/span><\/p>\n

Ali Martinez, who disclosed about the effort, recently <\/span>predicted<\/span><\/a> that breaking $0.29 could send the price of the meme coin \u201cflying\u201d to $0.36 and even $0.45. As of this writing, DOGE is worth around $0.27, representing a 28% increase on a monthly scale.\u00a0<\/span><\/p>\n

The meme coin\u2019s recent positive performance can <\/span>be attributed<\/span> to the hype surrounding the launch of the first spot DOGE ETF in the United States. The REX-Osprey product saw the light of day yesterday (September 18) under the ticker DOJE and had a successful debut, <\/span>generating<\/span><\/a> trading volume of around $17 million (top 5 for this year out of 710 launches).<\/span><\/p>\n

Ripple and XRP in the Spotlight<\/span><\/h2>\n

Besides introducing a spot DOGE ETF, REX-Osprey launched the same product with XRP as the underlying token. Its trading volume in the past 24 hours reached<\/a> almost $38 million, or the best performance for such an investment vehicle on its first day this year.\u00a0<\/span><\/p>\n

XRP, which climbed above $3.15 in the days leading up to the ETF launch, slipped afterward \u2013 a move that could <\/span>be interpreted<\/span> as a classic \u201csell-the-news\u201d event. Currently, it trades at around $3.03, or a 2% decline on a 24-hour scale.<\/span><\/p>\n

It is important to note that REX-Osprey\u2019s DOGE and XRP exchange-traded funds slightly differ from standard spot ETFs. If you are curious to find out the differences, please read our article here<\/a>.<\/p>\n

The company behind XRP also <\/span>made the headlines<\/span><\/a> thanks to its prestigious collaboration with the global investment company Franklin Templeton (which has over $1.6 trillion in assets under management) and the leading bank in Singapore, DBS Bank.<\/span><\/p>\n

According to the terms of the agreement, the financial institution will list Franklin Templeton\u2019s tokenized dollar money market fund, sgBENJI, and Ripple\u2019s stablecoin, RLUSD.\u00a0<\/span><\/p>\n

\u201cWith this setup, eligible DBS clients can trade RLUSD for sgBENJI tokens, enabling them to rebalance their portfolios into a relatively stable asset 24\/7 and within minutes, while earning yield during periods of volatility,\u201d the official announcement reads.<\/span><\/p>\n

The post ETH and DOGE Whales Buy Big, XRP Steals the Show: Bits Recap September 19<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Large ETH investors spent almost $4 billion to increase their holdings in the past three days. DOGE whales also went on a buying spree, albeit scooping up a more modest amount of tokens. The first spot XRP ETF in the USA had a glamorous debut. However, the asset\u2019s price is in the red on […]<\/p>\n","protected":false},"author":0,"featured_media":98001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-98000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/98000"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=98000"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/98000\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/98001"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}