Substantial XRP transfers by major holders have triggered significant price fluctuations in cryptocurrency markets, with the asset declining 18% from its all-time peak of $3.65. Approximately $6 billion in XRP has been offloaded since mid-July, creating ripple effects across trading sessions.
Amid this volatility, meme coins demonstrate contrasting momentum. PEPE recorded an 8% monthly gain fueled by surging social media engagement and high transaction volumes. Newcomer MAGACOIN FINANCE is drawing speculative interest with a 50% bonus incentive on contributions, accelerating wallet adoption rates.
Dogecoin (DOGE) remains a stability anchor for short-term traders due to its consistent performance and deep liquidity pools. Market analysts attribute the intensified fluctuations to the dual pressures of persistent XRP liquidations and burgeoning retail interest in meme-based assets.