SHIB whale activity surges

Shiba Inu (SHIB) witnesses explosive 40% spike in overnight whale activity.

• Surge in transfer. Aug. 12–13 saw 351.6 billion SHIB moved from large wallets — up 40% from the prior day’s 240.13 billion.

Shiba Inu (SHIB) just experienced one of its busiest nights in weeks, with major holders transferring 40% more tokens than the previous day, as per IntoTheBlock. From Aug. 12 to 13, the amount of SHIB flowing out of large wallets increased from 240.13 billion to 351.6 billion, putting a massive portion of the supply in motion in less than 24 hours. 

Large outflows can indicate two different things: coins being sent to exchanges for sale or coins being sent from exchanges to private storage. Interestingly, SHIB’s price did not sink when the outflows spiked.  

• Price action. Stayed near $0.000014 despite heavy flows.

Instead, it held steady at around $0.000014, leaning more toward the idea that whales are parking tokens in cold wallets rather than selling them on the market. 

Over the same period, SHIB’s chart showed a push toward $0.00001425, a dip to approximately $0.00001360 and then a slow climb back to $0.0000138. There was no big sell-off or panic candles – just a back-and-forth range that suggests buyers were ready to take whatever supply was available. 

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ETH holders in full profit

Ethereum has no single holder in losses at moment amid shift to new ATH. 

• 98.81% in profit. 148.2 million ETH ($704.29B) bought below current price.

In a historic development, Ethereum (ETH), the leading altcoin, is bullish, with all of its holders in profit. In the last 24 hours, activities in the Ethereum ecosystem have been on an upward trajectory in terms of price and volume outlook. 

According to IntoTheBlock data, a total of 148.2 million ETH valued at $704.29 billion are “In the Money.” This reflects 98.81% of Ethereum holders. This implies that these investors bought the asset at a price lower than the current market price. 

• Low sell pressure. Holders likely waiting for a new ATH.

Interestingly, no holder is “Out of the Money.” Meanwhile, only 1.19% of holders are “At the Money.” These holders account for 1.79 million ETH worth $8.52 billion. These investors bought Ethereum at around $4,752. 

The implication of this for the leading altcoin is that there is minimal sell pressure on holders. With all investors in profit, they are likely to hold off selling their asset with anticipation of a new all-time high (ATH). 

• Price target. Market watching for $5K breakout.

The market had been agitated when a major Ethereum ICO whale went for profit in a fresh batch of sales less than 48 hours ago. However, the current development suggests that sell pressure has dropped. 

Surprisingly, despite the bullish outlook of Ethereum, the asset remains about 3% away from flipping its ATH of $4,891.70 set about four years ago. This has sparked concern among some market participants, who were anticipating the ETH price to hit $5,000.

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Coinbase XRP reserves down 57.4% since June

Major US exchange Coinbase slashes XRP holdings by 57.4% as transfers accelerate.

• Reserve decline. XRP holdings spread across 52 cold wallets.

Coinbase’s XRP reserves have been dropping for months, and new on-chain data show the decline has hit 57.4% since early June. The exchange used to hold almost a billion XRP across 52 cold wallets, but now it is down to about half that, with more big transfers this week. 

Right now, 10 wallets still hold about 26.8 million XRP each, and another 42 wallets hold about 16.8 million XRP. One of the latest moves saw 16.69 million XRP – worth about $54.83 million – moved from Coinbase Cold Wallet 155 to Coinbase Cold Wallet 10. It was an internal transfer. 

• Possible destinations. Bitstamp, BitGo, Ripple’s ODL network; or internal reserve reorganization.

The destination of these coins is unclear. Analysts believe the transfers are feeding new subwallets tied to Bitstamp, BitGo and Ripple’s On-Demand Liquidity network. Others think Coinbase is reorganizing reserves to position itself for usage or price changes. 

There is no sign of disorder or panic selling in the way these transfers are being handled. The amounts and timing suggest that there was a lot of planning involved, with an emphasis on where assets are located so they can be accessed efficiently. 

• Usage trend. Coinbase’s influence over large XRP flows may shrink.

Coinbase is not holding as much XRP as it used to, and that is because more and more people are interested in using the token for payments and cross-border transactions.  If this trend keeps up, Coinbase might not have as much control over the big XRP flows, and more of the asset might be moving through other exchanges and custodial channels.

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Solana (SOL) trading activity contracted sharply in the second quarter while the network’s core infrastructure metrics strengthened across multiple dimensions.

According to an Aug. 15 report by Messari, the total application revenue generated on the network fell 44.2% quarter-over-quarter to $576.4 million from $1.0 billion. 

Furthermore, average daily spot decentralized exchange (DEX) volume dropped 45.4% to $2.5 billion, with perpetual trading volumes declining 28.5% to $879.9 million daily. The revenue decline stems from reduced memecoin speculation that drove record trading volumes in the first quarter. 

Applications dependent on trading fees, including most DEX platforms, posted lower quarterly revenues as market participants scaled back speculative activity.

Network fundamentals show resilience

Despite the drop in speculative activity, different on-chain metrics signal strong fundamentals for Solana. 

The total value locked (TVL) in DeFi protocols on the network grew 30.4% quarter-over-quarter to $8.6 billion, maintaining Solana’s position as the second-largest network by TVL after surpassing Tron in November 2024. 

The App Revenue Capture Ratio increased to 211.6% from 126.5%, indicating applications captured $211.60 in revenue for every $100 spent in transaction fees.

Liquid staking penetration rose to 12.2% of SOL supply from 10.4%, enabling expanded DeFi applications built on yield-bearing SOL. Total staked value increased 25.2% to $60 billion, with validator decentralization improving modestly as the Nakamoto coefficient reached 21.

The Nakamoto coefficient measures blockchain decentralization by calculating the minimum number of entities needed to control over 50% of network resources and compromise security.

Furthermore, Anza announced Alpenglow, a consensus protocol redesign targeting sub-150 millisecond finality. The proposal represents a 100-fold improvement over the current 12.8-second confirmation times. 

The upgrade eliminates vote transaction fees and streamlines client operations for smaller validators.

Institutional adoption accelerates

The SEC approved Rex Osprey’s Solana Staking ETF (SSK) on June 27, marking the first U.S.-approved staking crypto exchange-traded fund (ETF). 

However, the product functions outside traditional SEC-registered spot ETF structures, providing SOL exposure through derivative instruments instead of holding the digital asset directly. Nine other firms have filed applications to launch spot Solana ETFs, with approval decisions expected by October 2025.

Network usage remained stable with non-vote transactions increasing 4% to 99.1 million daily, while fee payers declined 1.4% to 3.9 million. 

SOL’s market capitalization grew 29.8% to $82.8 billion, maintaining its sixth-place ranking among cryptocurrencies.

The report concluded that the quarter demonstrated Solana’s capacity to sustain infrastructure development and institutional interest independent of speculative trading cycles.

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US Ministry of Finance The Office of Foreign Assets Control has added several Kyrgyzstan-based companies to its sanctions list for their involvement with Ruble-backed Stablecoin, called the A7A5. Authorities have accused companies, including A7 LLC, Old Vectors, and subsidiaries like A7 Agents of helping Russia interfere with economic restrictions related to the war in Ukraine. These companies were part of the growing cryptographic networks that previously operated under the radar.

A7a5 stablecoin at the heart of the research

The A7A5 is fixed to the Russian ruble and quietly runs billions. It reportedly processes more than $51 billion between platforms linked to the Russian market, with daily flows going beyond the 1 billion mark. It’s hard to miss such a volume. Most transactions It has been routed Through Kyrgyz-based Crypto Exchange, it is called Grinex. Forced off-line.

Kyrgyzstan has become an important route to bypass Russian sanctions (see @robin_j_brooks chart). The approval of OFAC’s first Kyrgyz bank, Kelemet Bank, has been delayed for a long time and serves as a warning to Turkish and Kazakhstan banks involved in Russian transshipment rackets. pic.twitter.com/nettlahe06

– John Paul Konning (@JP_KONING) January 16, 2025

Grinex follows the same pattern as Garantex

This new sanction draws a clear line between Grinex and its predecessor. Garantex had before I’ve been caught It enables large-scale crypto payments related to the darknet market and ransomware groups. when It’s shut downGrinex picked up the pieces and continued running the system with the help of the A7A5. Currently, both the infrastructure supporting Grinex and Stablecoin has arrived Ministry of Finance Crosshairs.

Discover: Best New Cryptocurrencies to Invest in 2025

Why Kyrgyzstan has become an important place

Kyrgyzstan may seem like an unlikely place for international crypto operations, but it has quietly become a heaven for digital asset companies. Lawmakers passed the law in 2022, creating a regulatory pathway for virtual asset service providers, and authorities handed out more than 100 licenses. That legal framework has made it grow without much interference with platforms such as the A7A5 and Grinex Room. For Russian entities seeking to dodge financial barriers, it has become an ideal place to operate.

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Stubcoins and sanctions are on the collision course

The OFAC move adds more pressure to Stablecoin publishers and crypto platforms. Our people It’s now prohibited From doing business with entities associated with A7A5 or its affiliates. The message is clear. Being digital it’s not exempt financial products from regulatory scrutiny; especially When they are used to avoid geopolitical sanctions.

Discovered: 20+ Next Cryptocurrency Exploding in 2025

Cryptospace compliance is no longer an option

For exchanges and Stablecoin operators, this action indicates the need to increase the need for them to take compliance seriously, even if they do. Based A jurisdiction with mild regulations. The days of hoping to fly under the radar are fading fast. KYC rules, transaction monitoring and transparency are now more powerful just Get away from trouble.

this Another indication that regulators are no longer chasing headlines. They are digging into the technical layers of the Stablecoin ecosystem and chasing a network that is powerful over them. Countries seeking to use Crypto as a backdoor for approved fiscal flows have learned that the Treasury is monitoring and are beginning to act.

Discover: 20+ Next Cryptocurrency to Explode in 2025

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The biggest Shiba Inu (SHIB) wallets have just made their most substantial move in days, with outflows from major centralized exchanges more than doubling between Thursday and Saturday. IntoTheBlock data shows that 183.03 billion SHIB left large holder addresses on Aug. 7, but by Aug. 9, that figure had surged to 359.6 billion — a shift that occurred as the token’s price increased from $0.000013 to $0.000014.

On paper, “large holders” refers to any address holding more than 0.1% of the circulating supply. In SHIB’s case, this includes individual “whales” as well as some of the industry’s largest exchanges.

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Coinbase, Binance and Upbit all sit near the top of the leaderboard, collectively holding billions of dollars’ worth of SHIB.

When coins leave these exchange-linked wallets, it often signals that buyers are moving them into private custody — a move that typically follows accumulation rather than sell-offs.

SHIB price backs up outflows

From Aug. 2 to Aug. 6, both price and outflow volumes barely moved, with activity levels staying within a narrow range. This calm was broken midweek, suggesting a shift in strategy by large holders, whether through coordinated withdrawals or opportunistic buying following recent price drops.

As exchanges act as liquidity hubs and hold some of the largest SHIB wallets, movements of this scale can quickly influence the available supply on the open market.

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While spikes in large holder outflows can sometimes indicate panic selling during volatile conditions, the combination of rising outflows and a slow price increase suggests a different narrative — one in which SHIB is being withdrawn from exchanges with the intention of holding it.

If this trend continues and the exchange float shrinks, any fresh demand could lead to a faster-than-expected increase in prices.

The NFT market saw a remarkable resurgence in July, outpacing DeFi in terms of user activity, according to an Aug. 7 DappRadar report.

The shift marks a significant milestone and could indicate that NFTs are once again capturing the public’s attention following significant lull that has lasted since their fall in the 2022 bear market.

NFTs volume surge in July

DappRadar data showed that NFT trading volume surged by 96%, reaching $530 million in July. However, the total number of transactions fell by 4%, with only 5 million NFTs changing hands during the month.

The trend reveals a clear shift in buyer behavior, with fewer NFTs changing hands but selling for significantly higher prices. In fact, the average NFT sale price more than doubled, rising from $52 in June to $105 in July.

Platforms catering to power users and creators saw the most growth during the period. Blur accounted for as much as 80% of Ethereum-based NFT trading volume, driven by professional traders and its Blend lending feature.

Meanwhile, OpenSea, the largest NFT marketplace, remained the most active in daily user count, with approximately 27,000 traders, thanks to its long-tail listings and multichain support.

Meanwhile, Zora, a platform built for creators on the Coinbase-backed Base network, gained momentum with its Layer 2 solution and native ZORA token, which reduced NFT minting costs.

DappRadar concluded that these numbers show the significant evolution within the NFT landscape from the early market hype to the increasing utility of these digital assets.

According to the blockchain firm, the space is no longer limited to art and digital collectibles. Instead, it has expanded into practical use cases such as digital identity, event ticketing, gaming, and real-world asset tokenization.

DeFi grows too

While NFTs made waves in July, DeFi also continued to experience impressive growth. DappRadar reported that the total value of assets locked (TVL) in DeFi surged by over 30%, reaching $259 billion by the end of the month.

Notably, the sector reached a new all-time high of $270 billion on July 28, driven by growing user demand and fresh liquidity injection across lending, trading, and tokenized assets.

Meanwhile, a standout trend in DeFi came from tokenized stocks, with wallet interactions increasing from approximately 1,600 to over 90,000. This surge contributed to a 220% increase in the market cap of tokenized stocks, signaling that real-world assets (RWAs) are gaining substantial traction.

Across assets, Ethereum continued to lead DeFi, commanding $166 billion in TVL, far surpassing Solana’s $23 billion.

ETH’s significant rise can be attributed to a nearly 60% price surge in July, likely driven by positive regulatory developments, alongside staking rewards reaching 29.4% APY.

On Solana, Hyperliquid emerged as a key player, accounting for 35% of blockchain revenue in July. The platform saw rising demand for derivatives and now processes over 60% of 24-hour perpetual trading volume, with $15.3 billion in open interest and $5.1 billion in USDC bridging.

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