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Coinbase Sees Major XRP Whale Activity Amid ETF Skepticism

Coinbase Sees Major XRP Whale Activity Amid ETF Skepticism

Published:
2025-09-29 02:05:13
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Despite a 7% weekly gain, XRP is encountering significant resistance in the $3.05-$3.15 price range as whale activity indicates growing caution in the market. Recent data from CoinShares reveals a notable decline in institutional inflows, compounding concerns as large holders continue profit-taking maneuvers following XRP's all-time high of $3.65. The newly launched REX-Osprey XRP ETF has failed to generate substantial confidence among major investors, evidenced by substantial selling pressure including 40 million XRP sold within 24 hours and a massive $52 million transfer to Coinbase. This whale behavior suggests that despite the ETF development, large holders remain skeptical about XRP's near-term prospects. The convergence of technical resistance, reduced institutional interest, and persistent profit-taking creates a challenging environment for XRP's price trajectory. Market participants are closely watching whether these fundamental headwinds will outweigh the potential bullish catalysts, with Coinbase serving as the primary venue for these significant whale transactions that are currently shaping market sentiment and price action.

Whales Bet Against XRP ETF Hype as Price Faces Key Resistance

XRP struggles to break through the $3.05-$3.15 resistance zone despite a 7% weekly gain, with whale activity signaling caution. Institutional inflows have dwindled, according to CoinShares data, while large holders continue profit-taking after the token's all-time high of $3.65.

The launch of the REX-Osprey XRP ETF fails to inspire whale confidence, with 40 million XRP sold in 24 hours and a $52 million transfer to Coinbase. Market sentiment remains divided as analysts watch for potential movement toward $3.6 amid broader crypto market recovery.

Solana Whale Activity Signals Accumulation as Price Nears Key Breakout

Solana's market dynamics are drawing institutional attention as two whale transactions totaling $214 million moved from Coinbase Institutional to private wallets. Such off-exchange transfers typically indicate long-term holding strategies, reducing immediate sell pressure and reinforcing bullish sentiment.

The asset now trades NEAR $223, testing a multi-month resistance level. A confirmed breakout could propel SOL toward $260-$300 targets, while failure to hold $224 may trigger a retest of the $200 support zone. Technical indicators remain mixed, leaving traders awaiting decisive momentum.

Coinbase Hacker Expands ETH Holdings with $18.9M Purchase

A crypto wallet associated with the $300 million Coinbase hack has acquired 3,976 Ether ($18.9M) at $4,724.79 per ETH. The hacker utilized 18.911 million DAI in fragmented transactions—ranging from $80,000 to $6 million—to obfuscate the trail. Arkham Intelligence data reveals a pattern of laundering stolen funds through Ethereum, leveraging privacy tools and fractional purchases.

Coinbase faces mounting criticism for unresolved security flaws. Analysts note the hacker’s strategy mirrors earlier incidents where stolen assets were converted to ETH for liquidity and anonymity. The exchange has yet to issue a public statement.

Coinbase and Phantom Wallet Lead App Store Searches as Crypto Adoption Grows

Coinbase and Phantom Wallet continue to dominate global finance app searches on the App Store, signaling sustained retail interest in cryptocurrency. The trend reflects growing demand for mobile-friendly trading platforms, with Coinbase appealing to mainstream users through its banking-like interface and Phantom gaining traction among Solana-based Web3 enthusiasts.

Emerging projects like Digitap's $TAP are capitalizing on this momentum, with its presale exceeding $80,000 as investors position for 2025 growth. The competitive landscape suggests app store visibility is becoming a key battleground for crypto platforms vying for user attention.

Solana Price Pushes Above $240, On Path To $300?

Solana (SOL) has emerged as a standout performer this week, with its price surging past $240 to mark an 8-month high. The cryptocurrency closed the week with a 17% gain, peaking at $244 before settling at $237. This rally reflects robust liquidity rotation among major digital assets.

Technical indicators now show SOL in overbought territory on daily charts, signaling potential near-term consolidation. Market participants are weighing the likelihood of profit-taking after the sharp ascent. A recent whale transaction—moving 520,479 SOL ($125 million) to Coinbase Institutional—has amplified these concerns.

The transfer suggests some large holders may be positioning for exits. Historically, such movements preceding local tops often precede short-term pullbacks. Yet Solana's underlying momentum remains strong, with traders eyeing the psychological $300 level as the next major resistance.

Chainlink Price Builds Strength with Analysts Targeting $150

Chainlink (LINK) is gaining momentum as it challenges a critical resistance zone between $25.50 and $26.50, a level that has previously stifled rallies. Market analyst CW observes the token "breaking through the sell wall," signaling robust buying pressure. A successful flip of this barrier into support could pave the way for a push toward $30–$31, reinforcing the bullish trend evident on the 4-hour chart.

Long-term prospects appear even brighter. FitzoCrypto highlights a breakout pattern that may propel LINK toward $150 in coming months. The token has consistently formed higher lows since mid-2022, accompanied by rising trading volume—now at $1.21 billion—and strong market structure, bolstering Optimism for 2025.

Currently trading near $25.20 after a sustained climb, LINK faces immediate resistance in the $25.50–$26.50 band. Support lies between $23.70 and $22.10, where demand has previously emerged during pullbacks. Holding above $25.50 is crucial; failure could see a retest of lower supports.

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