The first week of 2025 has brought significant events in the cryptocurrency market, including a major Shiba Inu movement on Binance, a 2000% surge in Ripple USD, and increased activity on the Cardano platform.
Major Shiba Inu Movement on Binance
A substantial transfer of Shiba Inu (SHIB) tokens was recorded on the largest crypto exchange, Binance, totalling 379.27 billion. This occurred amid a more than 5% price increase, reaching $0.00002404. Experts predict that if SHIB passes the key resistance level of $0.000025, it could lead to more bullish momentum.
Ripple USD Surges 2000%
Ripple's new stablecoin, Ripple USD (RLUSD), experienced a remarkable increase in trading volume, surging by 2000% to $611 million. Most of this volume is concentrated on the Bullish platform, supported by PayPal co-founder Peter Thiel, raising some questions about actual trading activity.
Cardano Activity and Market Speculations
The Cardano platform sees a rise in wallet activity with smaller ADA holdings. Over the past year, the number of such wallets increased by 237.44%. Despite this, trading volumes are decreasing, indicating a potential lack of market support for sustained growth.
The first week of 2025 was marked by significant events in the crypto market. From Shiba Inu's activity on Binance to the rise of Ripple's new stablecoin, the market continues to demonstrate volatility and attract investor attention.
