crypto

Sage D. Young7/17/25

As XRP eyes all-time high, cofounder transfers $26 million worth of the token

The third-largest cryptocurrency is reattempting to surpass the all-time high it set more than seven years ago.

XRP is outpacing bitcoin, ethereum, and solana, jumping 8.2% in the last 24 hours and 32% in the past seven days, and is less than 5% away from its all-time high of $3.40 set in January 2018.

DLNews reported on Thursday that a wallet address identified as belonging to Ripple cofounder Chris Larsen sent $26 million worth of tokens to centralized exchange Coinbase on Tuesday, which strongly indicates an intention to sell.

XRP has seen $12.3 billion in 24-hour trading volume, a 186% increase from last week when the figure was at just under $4.3 billion, data from CoinGecko shows.

The last time XRP was at its current price point was around the time of the second inauguration of President Donald Trump. Since then, several firms have announced embracing an XRP-focused treasury strategy, two leveraged XRP ETFs have launched, and Ripple, the cross-border payments company associated with the cryptocurrency, applied for a national banking license.

Ripple co-founder cashes out $26m XRP as asset nears record highs

Ripple co-founder cashes out $26m XRP as asset nears record highs

DLNews reported on Thursday that a wallet address identified as belonging to Ripple cofounder Chris Larsen sent $26 million worth of tokens to centralized exchange Coinbase on Tuesday, which strongly indicates an intention to sell.

XRP has seen $12.3 billion in 24-hour trading volume, a 186% increase from last week when the figure was at just under $4.3 billion, data from CoinGecko shows.

The last time XRP was at its current price point was around the time of the second inauguration of President Donald Trump. Since then, several firms have announced embracing an XRP-focused treasury strategy, two leveraged XRP ETFs have launched, and Ripple, the cross-border payments company associated with the cryptocurrency, applied for a national banking license.

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Sage D. Young1/20/26

Ethereum gives up its 2026 gains

As the overall market goes risk-off amid geopolitical tensions, ethereum has decreased 7% in the last 24 hours and is basically flat for 2026.

The cryptocurrency is hovering just below $3,000, a more than 10% pullback from this year’s high of around $3,350. The recent drawdown is the sharpest in the last 24 hours among its peers. Over the same period, bitcoin is down 3.6%, XRP dipped 5.2%, solana slumped 5.6%, and dogecoin tumbled 4%.

Meanwhile, leading ethereum treasury firm BitMine Immersion Technologies, which recently announced a $200 million investment into Beast Industries, acquired an additional 35,268 ethereum tokens worth $108 million last week, bringing its total to 4.2 million tokens worth nearly $12.7 billion at current prices.

The firm also allocated 581,920 tokens for staking, ethereum’s security mechanism. Participation has been on the rise, and the entry queue to start staking is multiple times longer than the exit line.

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crypto

Sage D. Young1/15/26

Ethereum parent chain sets new record in daily transactions

On Wednesday, the ethereum parent chain logged its highest-ever transaction count at over 2.5 million transactions, a roughly 34% increase from 1.9 million transactions on the first day of the new year, data from blockchain analytics firm Artemis shows.

Artemis research analyst Alex Weseley told Sherwood News the largest drivers of the network’s transaction growth stems from Circle and Tether’s stablecoins, USDC and USDT, as usage of both are up over 200% year over year.

“It has also been interesting to see that the average transaction fee has remained low at < $0.20 per transaction, compared to the $52 average transaction fee paid when transaction counts peaked in 2021,” Weseley added.

The all-time high follows the activation of Pectra and Fusaka last year, two network upgrades aimed at enhancing the scalability of ethereum. “The changes ethereum is making to scale the L1 are starting to pay off, though we are still in the early innings,” Weseley said.

The price of ethereum has increased ~7% in the past seven days, outpacing its peers bitcoin, XRP, solana, and dogecoin. Meanwhile, spot ethereum ETFs trading in the US have seen almost $415.9 million in total inflows during the year so far, with $175 million from Wednesday alone, per SoSoValue.

crypto

Yaël Bizouati-Kennedy1/15/26

When will bitcoin break $100,000 again?

Bitcoin is having a strong start to 2026 that could see it catch up with precious metals’ rally. Bitcoin ETFs are also rallying, and saw their second consecutive day of massive inflows, recording $843.6 million on Wednesday, according to SoSoValue, bringing the total for the week to $1.7 billion.

Jake Kennis, research analyst at Nansen, told Sherwood News that a combination of easing inflation fears, geopolitical safe haven demand, stronger ETF inflows, and a technical breakout above $94,000 to $96,000 resistance are all converging to push BTC toward $100,000.

“The rally has solid institutional and onchain backing, but elevated leverage in futures markets and profit-taking by top traders near the $97K–$100K psychological resistance could trigger volatility,” Kennis said.

While bitcoin has retreated after nearing key resistance levels, Timot Lamarre, director of market research at Unchained, said that despite the asset having been well off all-time highs, it is set up for a sustainable run above $100,000.

“Institutions continue to open up bitcoin buying opportunities to new pools of capital, the macro environment continues to move toward significant monetary easing, and governments, companies, and individuals continue to increase their bitcoin stockpiles,” he said.

The analytics team at B2BINPAY echoed the sentiment, saying that the market structure remains bullish, “with potential to reach $100–105K in the coming weeks, potentially reaching the $120K–140K range later in 2026 if demand stays in place.”

A failure would likely mean a pullback to the $88,000 to $90,000 range, where liquidity is already concentrated, they said.

“Another crucial marker is leverage. Funding rates and open interest are far from extreme, with total OI at around $65B. That’s high. Yet, it’s still below the prior record/near-record zone seen in 2025, around $72B–$75B. So the market isn’t stretched,” the analysts said.

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