Another day, another Trump new tariff plan. The market was tired and did not respond positively to the news. US President Donald Trump signed an executive order that reimposed “mutual tariffs” of 10% to 41% of imports from 69 countries, and signed a higher mission on certain Canadian goods over drug mitigation concerns. Canada’s tariffs will take effect on August 1st, while others will continue on August 7th. Overall, the market is still going well, with key Altcoins retesting key support levels. It may be interesting to identify what the next cipher that explodes when the dust settles down.
Customs news was just as hit as global risk assets fell. The crypto long positions of over $570 million were liquidated in 24 hours, with Ethereum and Bitcoin taking the biggest hit. Fear of higher inflation and tougher trade flows has encouraged widespread divestitures. Still, veteran investors are looking past the headlines and scanning on-chain data for signs of rebound.
Explore: Top 20 Cryptography to Buy in 2025
The next cipher that explodes? When XRP retests support, whales accumulate ETH
While spot prices were slipping, the whale wallet quietly scooped up more ether. Last week, 12 new large holders added about 790,000 ETH (approximately $2.9 billion) to their balance. Only two of these fresh wallets purchased 68,300 ETH ($252 million) just eight hours ago. This steady accumulation suggests that large players see value by retaining ETH through short-term turbulence.
Whales continue to accumulate $ eth!
Two fresh wallets accumulated an additional 68,297 $ eth($252M) 8 hours ago.
A total of 12 fresh wallets have accumulated 790,449 since July 9th $ eth($292 million). pic.twitter.com/hcnijtn9xz
– lookonchain (@lookonchain) August 1, 2025
At the same time, we are retesting the key support zone, with XRP prices around $2.95. After peaking nearly $3.66, the XRP was pulled back to this horizontal level, which was first tested in March and May. If the buyer defends $2.95, the XRP can return to over $3.20. But the lower break could lower the price to the next floor, close to $2.65.
Between a tariff-driven dump and an aggressive ETH purchase, the trader is split and its assets are set to explode in the next. Bulls refers to whale activity and XRP support bouncing as a fast rebound recipe. Skeptic traders warn that macro uncertainty and continuous liquidation could put pressure on prices.
For now, pay attention to the chain flow and chart level. If ETH buildup continues and XRP is above $2.95, these could be components that stimulate the next cryptography that explodes when the market finds a foothold.
Bankrcoin (BNKR) Crypto Hit 100m Marketcap: How did it happen?
by
Bankrcoin (BNKR) Crypto has doubled in market capitalization since its first coverage. After completing the Coinbase list, the tokens have skyrocketed above 100%, currently exceeding 10100m.
With Coinbase support and full Baseapp integration, BNKR has gained a 14% market share. According to Cookiedao, it leads coins such as Fartcoin, Rekt, Virtuals, Openledger and Monad. How did this happen?
Read the entire article here
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