Coinbase Sees Major XRP Whale Transfer as Institutional Interest Grows
A notable whale transfer of 29.5 million XRP (worth $64 million) to Coinbase has sparked speculation about institutional positioning, with analysts viewing it as a potential precursor to price acceleration. This movement coincides with growing Optimism around Ripple’s legal clarity and the possibility of an XRP ETF, further fueling bullish sentiment in the market.
XRP Price Prediction: Whale Activity and ETF Chatter Fuel Bullish Sentiment
A significant whale transfer of 29.5 million XRP (valued at $64 million) to Coinbase has ignited speculation of institutional positioning. Analysts interpret the movement as a precursor to potential price acceleration, particularly amid growing optimism around Ripple’s legal clarity and ETF prospects.
On-chain data reveals a broader accumulation trend, with wallets holding 10-100 million XRP adding over 200 million tokens in the past week. This surge in whale activity coincides with improving market sentiment, as regulatory risks diminish and institutional interest gathers momentum.
Immunefi and Dedaub Collaborate to Enhance Web3 Security with Onchain Firewall for Magnus
Web3 security platforms Immunefi and Dedaub are joining forces to bolster the capabilities of Immunefi’s newly launched security operations command center, Magnus. The collaboration aims to integrate Dedaub’s onchain firewall technology, powered by advanced AI models, into Magnus for real-time threat detection.
Together, the two firms safeguard over $220 billion in digital assets. Dedaub’s auditing tools are trusted by industry heavyweights including the Ethereum Foundation, Coinbase, EigenLayer, and Chainlink. This partnership signals a significant step forward in proactive blockchain security measures.
Magnus represents a comprehensive SecOps solution for Web3, offering a unified interface for security audits, bounty programs, network monitoring, and now firewall protection. The integration of Dedaub’s technology will provide protocols with an additional layer of defense against emerging threats.
