Check out the top three news stories over the past weekend presented to you by U.Today.
Best XRP month coming? Price history says yes
XRP is entering the last week of June with major losses, and unless there is a dramatic change, it could end Q2, 2025, with disappointing performance. Despite some positive movement in April, the overall momentum has faded, leaving the price drifting around. However, the month of July is promising to bring a potential rebound. Historically, apart from April, this is the only month where both the average and median monthly returns are consistently positive, with average gains of 7.9% and a median return of 6.91%. Such a level of consistency over more than a decade clearly indicates that this is not an accident but a pattern built into how the market works. Past patterns suggest that after a slow Q2, XRP tends to rally in the summer. For instance, in 2022, the asset dropped 59.4% in Q2 but recovered 44.5% in Q3. In 2024, XRP fell 25% in Q2 before rallying nearly 29% in Q3.
10,710,000,000,000 Shiba Inu in 24 hours, what’s happening?
According to data provided by CoinGlass, on Saturday, June 21, Shiba Inu investors locked in 10.71 trillion tokens worth $129.51 million in open interest, amid ongoing market volatility. Meanwhile, the SHIB price remained in red, changing hands down 3.32% at $0.00001138. Additionally, trading volume has surged by 58.65% to $131.56 million, suggesting that traders are actively transacting, possibly in a large sell-off or accumulation at the lower price. Currently, more than half of the open interest is concentrated in Gate.io, where traders hold about 54.83%, or roughly 6.24 trillion SHIB worth $71.02 million. Bitget and OKX are the other key players, with traders there holding 1.75 trillion and 1.23 trillion SHIB, respectively. Investors are closely watching the $0.000011 support level; at this price, about 222,450 addresses accumulated 43.8 trillion SHIB tokens. A break below this level could trigger a significant sell-off.
$312,981,377 ETH stuns Coinbase, Ethereum price in red
On Friday, June 20, WhaleAlert blockchain tracker registered a large Ethereum transfer of over 129,000 ETH, worth $312,981,377. The funds moved from an unknown wallet to the Coinbase exchange. The timing of the transfer is notable, as ETH’s price was in decline. Deposits to exchanges often suggest plans to sell, while withdrawals might signify buying. The move might be an institution reshuffling of funds, however, the exact reason for the move and the identity of the sending wallet remain unknown. The market is closely watching to see if this move leads to a sell-off or if the funds are being reserved for future use. At the time of transfer, ETH traded in red, reflecting a wider crypto market sell-off that has led to $471 million in liquidations. Currently, however, Ethereum is changing hands at $2,250, up 3.08% over the past 24 hours, per CoinMarketCap.