XRP’s large holder cohort, specifically addresses holding between 10 million and 100 million XRP, has shifted from accumulation in the second half of August to significant dumping at the start of September. 

On-chain data from analytics platform Santiment reveals a sharp reversal in holdings, both in terms of circulating supply percentage and the number of coins held by this cohort. This change raises concerns about the sustainability of XRP’s price, which has been facing rejections above $2.8, and whether September could be a bearish month for the token.

XRP Millionaires Start September With A Selloff

XRP millionaire wallets, which are addresses holding between 10 million and 100 million XRP coins, aggressively increased their holdings during the second half of August. Based on the current price of XRP, each of these addresses is sitting on $28 million and $280 million worth of XRP, depending on the size of their wallets.

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Particularly, Santiment’s data shows that the percentage of XRP supply held by these addresses rose from 11.67% on August 16 to 12.19% by the end of the month. In terms of numbers, their stash grew from about 7.5 billion XRP coins to 7.85 billion XRP. This surge in accumulation showed the confidence among large investors, which contributed to XRP successfully holding above the $3 price level throughout the month.

However, September has opened with an abrupt reversal. On September 1, whale holdings accounted for 12.19% of the circulating supply, but by September 3, that figure had dropped to 11.77%. In coin terms, the balance fell from 7.85 billion XRP to 7.61 billion XRP, wiping out much of the late August accumulation in just a few days.

This decline is clearly illustrated in Santiment’s chart below, which shows a synchronized dip in both percentage supply and absolute holdings. This rapid offloading means that these millionaire wallets may be taking profits after August’s rally, and it introduces downside pressure that could have effects on XRP’s price action throughout September.

Could This Mean A Red September For XRP?

September has been a mixed month for XRP, with both strong rallies and painful corrections shaping investor sentiment. According to data from CryptoRank, the last time XRP saw a red September was back in 2021, when it fell sharply by 20.1%. Since then, however, XRP has managed to string together three consecutive green Septembers, including a 46.2% increase in September 2022.

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This track record shows that while September has the potential to bring losses, it has also been highlighted by gains. Although it is too early to declare a repeat scenario of a red September, the sell-off from millionaires at the beginning of September sets a worrying precedent.

XRP’s price action is already showing signs of strain, with the token repeatedly facing rejections above $2.8 in recent days. If these millionaire wallets continue to offload their holdings, the bullish sentiment surrounding XRP may weaken, which may lead to further declines.

At the time of writing, XRP is trading at $2.82, up by 0.2% in the past 24 hours.

Featured image from Adobe Stock, chart from Tradingview.com

US market regulators jointly revealed that registration exchanges are not prohibited from promoting and promoting the transaction of certain spot encryption products. A joint statement between the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) on September 2, 2025 stated that registration exchanges, including the National Stock Exchange (NSES), Designated Contract Markets (DCMS), and the Foreign Trade Commission (FBOT), are not prohibited from trading Crypto’s “specific spot product products.”

“Market participants are required to freely choose where to trade spot crypto assets,” said SEC Chairman Paul Atkins. “The SEC is working with the CFTC to ensure that our regulatory framework supports innovation and competition in these rapidly evolving markets.”

Clarification removes some perceived legal barriers of the largest US trading venues to list spot crypto markets? yes. They may also unlock direct participation from major brokerages that pipe orders into these exchanges. However, even more importantly, it illustrates a policy shift to oversee digital asset market activity under coordinated SEC-CFTC surveillance.

Today’s SEC and @cftc SEC and CFTC-registered exchanges have issued a joint statement clarifying the views of staff that they are prohibited from promoting the trade of certain spot commodity products: https://t.co/stsgiqtxjf

– US Securities and Exchange Commission (@secgov) September 2, 2025

Explore: Best Meme Coins to Invest in September 2025 ICOS

SEC, CFTC initiative is part of SEC’s Project Crypto and CFTC’s Crypto Sprint

The statement read – the initiative is part of the SEC’s project Crypto and CFTC’s Crypto Sprint, and is based on the President’s Working Group’s recommendations on the Digital Asset Market Report on “Strengthening American Leadership in Digital Financial Technology.”

Importantly, the SEC-CFTC Joint Statement could potentially solve a long-standing grey area that discourages many traditional venues to launch the spot crypto market. However, investors’ demand for regulated access points is clear.

“Under previous control, our institutions sent mixed signals about regulations and compliance in the digital asset market, but the message was clear. Innovation was not welcome. The chapter is over.”

Discover: Best New Cryptocurrencies to Invest in 2025

SEC-CFTC fires cipher sprints to reform US regulations

CFTC was released in August 2025 a “Cipher Sprint.” Acting Committee Chairman Caroline Fam confirmed that CFTC has partnered with the SEC to build fast tracking parts Trump’s Crypto roadmap. The move follows a White House report outlining the vision that the United States will become “The world’s crypto capital. ”

CFTC Approved a 24-hour trading and a lasting future for green light on a regulated platform. It also rewinded old internal guidance that many felt were holding back the industry. Additionally, the agency held its first-ever Crypto CEO forum, providing industry leaders with a direct line of regulatory authority. Starting a pilot program to support tokenization and On-chain Market infrastructure.

The SEC has started it My own An initiative called Project Crypto. The goal is to update the securities rulebook for the digital world. this It includes providing clarity on how to classify tokens. Improve access to capital through tools such as airdrops and ICOs. It also makes it easy to issue tokenized versions of traditional assets.

Read more: Crypto Sprint to launch CFTC and SEC to reform US regulations

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The pseudonymous SHIB marketing top executive, Lucie, has published a tweet, reacting to the recent Shiba Inu price dip. She gave the community a glimpse of hope, saying that things should change in the bullish way very soon — in the fall.

Meanwhile, the SHIB price has rebounded, attempting to recover from the recent price decline.

SHIB price falls hard, SHIB executive reacts

By Saturday morning, the second-biggest meme cryptocurrency, Shiba Inu, has faced a decline of 5%, falling from $0.00001267 to the $0.00001204 price level.

Over the past week, this decline constituted a substantial 11% as SHIB lost $0.00001352 in the current bear market.

Lucie reacted to this decline by stating that fall is going to be bullish due to the upcoming rate cuts. As for now, she stated that even though the SHIB price may be down, “that should never stop us from building and adopting Shibarium around the world.”

In the meantime, the SHIB price has rebounded by 3% and at the time of this writing is changing hands at $0.00001240 per coin.

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SHIB burns jump 157,726.72%

According to the Shibburn platform, over the past day, the SHIB burn metric has faced a significant four-digit increase thanks to millions of meme coins getting driven out of circulation and locked in dead-end wallets.

The aforementioned data source revealed a crazy 157,726.72% surge in the daily SHIB burn rate as the community has succeeded in moving 2,411,616 SHIB coins to unspendable wallets, i.e., burned them.

As for the weekly SHIB burns, there is a 76.32% decline here, while the amount of meme coins that has been burned stands at 14,068,717 SHIB.

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A Solana treasury is becoming one of the fastest-growing crypto treasuries among big corporations, which sees the network’s robust performance and potential to revolutionize the blockchain sector. Presently, the idea is getting a major push from DeFi Development Corp, which has purchased a notable amount of SOL into its crypto treasury. 

Solana Treasury Companies Are Not Slowing Down

In a bullish development, DeFi Development Corp is doubling down on Solana, as the company constantly acquires the leading altcoin. Recent reports reveal that the firm has made another strategic buy to bolster its SOL treasury, pushing its aim to become the largest company holding the altcoin.

According to the report shared on the social media platform X, DeFi Dev Corp purchased 407,247 SOL at an average price of $188.68, resulting in a total value of approximately $ 76.8 million at the current price. Following this massive accumulation, the company’s treasury now holds 1,831,011 SOL, worth around $371 million. 

The action demonstrates DeFi Dev Corp’s steadfast conviction in Solana’s capacity for long-term growth and its growing significance in the dynamic DeFi market. In addition to strengthening its bank sheet, DeFi Dev Corp is putting itself at the forefront of Solana’s developing ecosystem, where developer activity and institutional interest are only growing stronger, by gradually expanding its assets.

Since the firm’s last purchase on August 15, 2025, its holdings have experienced an increase of more than 29%. The latest buy comes after DeFi Dev Corp’s recent announcement to raise about $125 million in equity to expand its SOL treasury. 

The initiative strengthens liquidity, expands network sustainability, and establishes Solana as a more robust participant in the developing blockchain market. “This raise allows us to add a significant amount of SOL to our balance sheet while still driving NAV/share accretion,” Chief Executive Officer (CEO) of DeFi Development Corp, Joseph Onorati.

SOL’s DeFi TVL At Its Highest Point

With institutional adoption rising sharply, Solana is experiencing a notable uptick in its network performance and engagement. SolanaFloor on X has reported that SOL’s Decentralized Finance (DeFi) ecosystem is experiencing an upswing, with Total-Value Locked (TVL) increasing to new levels.

On Thursday, data shows that SOL’s DeFi TVL spiked to a staggering $11.56 billion, marking its highest point since January 2025. The sharp uptick in TVL represents improving investor confidence, increased liquidity, and a wave of fresh activity across SOL-based protocols. 

Solana has also witnessed a notable uptick in Decentralized Exchange (DEX) volume. The report shows that SOL has reclaimed its top rank among all chains, recording approximately $4.604 billion, with Ethereum coming in second position.

Presently, SOL has turned bullish as the altcoin pushes forward to the $213 price mark, indicating a nearly 15% increase in the last 7 days. CoinMarketCap data shows that SOL’s trading volume is slowly turning bearish, falling by over 2% in the past day.

Featured image from iStock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

As the bull market cycle continues, Bitcoin and Ethereum adoption are sharply heating up among prominent figures and large corporations in the ever-evolving financial landscape. In the last few days, institutions have gone on a significant buying spree, one of which is the asset management firm BlackRock.

A Two-Day Bitcoin And Ethereum Shopping Spree

Bitcoin’s price has steadily faced notable price fluctuations, while Ethereum’s price has experienced a pullback from its recent all-time high. Despite this bearish performance from BTC and ETH, BlackRock is purchasing the two crypto leaders on a massive scale.

According to the reports, the world’s largest asset manager has acquired a staggering $750 million worth of BTC and ETH. It is worth noting that this massive accumulation by the leading firm was made within two days.

The report reveals that BlackRock bought about 413 BTC valued at $46 million, along with 73,864 ETH for a staggering $342 million on August 27. Prior to this huge purchase, the asset manager made another acquisition of 568 BTC for approximately $62.6 million, and 65,901 ETH valued at $292.6 million.

This rapid accumulation underscores the firm’s growing conviction in crypto as an institutional-grade asset class. While signaling rising demand among institutional investors, the huge purchase in such a short span reinforces the idea that traditional finance is sharply intertwining with the crypto sector.

Combining these acquisitions, the asset manager invested close to $750 million in its cryptocurrency Exchange-Traded Fund (ETF) products within a two-day window. In 2025, these purchases rank among the biggest single-day purchases made by a conventional financial institution.

Big BTC Investors Are Making Their Presence Known

Large Bitcoin and Ethereum holders, often regarded as whales, have been gradually returning to the market. Santiment, a leading market intelligence and on-chain platform, has reported an uptick in BTC and ETH whales even as bearish pressure intensifies. This growth is observed among wallet addresses holding 1,000 BTC and wallet addresses holding at least 10,000 ETH.

Such a trend from high-net-worth investors signals a possible change in market dynamics for the two assets. Their comeback coincides with a critical juncture for the cryptocurrency industry as investors balance the long-term growth trajectory of the assets against macroeconomic uncertainty.

Data from the leading on-chain platform shows that there are now 13 more wallets holding 1,000 BTC, bringing the total to 2,087 wallets. Meanwhile, for Ethereum, there is now a total of 1,275 wallets holding 10,000 ETH following an additional 48 new wallets.

At the time of writing, BTC and ETH were trading at $113,182 and $4,573, respectively, in the last 24 hours. While ETH’s trading volume has declined by over 13% in the past day, BTC’s trading volume is experiencing a slight upswing of nearly 5%.

Featured image from iStock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

The daily XRP chart has turned into a clean Elliott Wave case study, according to crypto technician “Charting Guy,” who argues the latest rebound was corrective rather than impulsive and likely precedes a deeper C-wave pullback toward August’s lows. In a post on X, he wrote: “August bounce from $2.72 to $3.38 was a 3 wave corrective move up unlike $OTHERS 5 wave impulsive move up, so I believe it was a B wave & we will likely revisit the August lows in the coming days/weeks for our C wave to end the correction that started late July.”

XRP Correction Isn’t Over Yet

The annotated chart (XRP/USD) plots a developing five-wave sequence with waves 1 and 2 completed in May and June, a vertical wave 3 peak into mid-July, and an unfolding A-B-C that would finalize wave 4. The A leg knifed off the wave-3 high, a B-wave recovery carried to $3.40, and the projected C leg descends into a Fibonacci cluster that coincides with the August trough. At the time of the snapshot, XRP was quoted around $3.02881 on the daily close, sitting between the 0.786 and 0.888 retracement rails.

Fibonacci scaffolding dominates the chart and defines the key levels the analyst is trading against. The retracement and extension ladder is printed as follows: 0 at $1.61184, 0.136 at $1.78405, 0.236 at $1.92231, 0.382 at $2.14363, 0.5 at $2.34100, 0.618 at $2.55653, 0.702 at $2.72195, 0.786 at $2.87293, 0.888 at $3.1273, and 1.000 at $3.4000.

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Above the prior high, the upside extensions that map the prospective wave-5 run are marked at 1.272 ($4.16533), 1.414 ($4.63105) and 1.618 ($5.39272). The B-wave stall unfolded beneath the $3.1273–$3.4000 resistance band (0.888–1.000), reinforcing that region as the ceiling the market must clear to confirm a finished correction.

Conversely, the proposed C-wave termination zone is anchored by the 0.786–0.702–0.618 stack at $2.87293 / $2.72195 / $2.55653, with the August pivot specifically highlighted at ~$2.72.

A downward-sloping magenta trendline from the wave-3 apex bisects the A-B-C, and the projected path drives price into a labeled “4” before turning sharply higher into a new advance.

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The terminal “5” marker is placed almost exactly at the 1.414 extension near $4.63105—consistent with the author’s own wording that this represents a conservative target zone—while the 1.618 print at $5.39272 frames an obvious stretch objective if momentum over-delivers.

Addressing community questions about his previous higher target of $8, the analyst replied, “is there anywhere in the post that says no more $8 target?” and, when asked about an extended move in November, he answered “maybe. Maybe.” On positioning, he cautioned that “dips are never guaranteed even if they seem likely,” adding: “hodl imo… use trading options or futures or a trading spot bag to make their short term gains.”

The immediate read is unambiguous: unless XRP can reclaim and hold above $3.1273 and then $3.4000, Charting Guy’s roadmap favors a retest of the August floor near $2.72195 to complete wave 4. Only after such a flush—or a decisive invalidation via resistance break—does his schematic open the door to the next impulsive leg targeting $4.16533 to $4.63105, with $5.39272 reserved for an extended fifth in late-September or early-October.

At press time, XRP traded at $2.96.

Featured image created with DALL.E, chart from TradigView.com

An early Ethereum ICO investor has moved to sell a fresh batch of his stash as prices trade near multiyear highs. Blockchain records show the wallet, which bought 100,000 ETH during the 2014 ICO for about $31,000, sold 4,283 ETH. This recent transaction, according to Lookonchain data, is worth roughly $18.97 million.

Ethereum whale’s sales since 2021

It is worth noting that the same address has been selling consistently since 2021. In total, it has offloaded 44,284 ETH over the last few years at an average price of $2,378.

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These sales have brought in around $105 million in profit. Despite large disposals, the investor still HODLs 55,716 ETH, which is valued at about $261.6 million at current prices.

Ethereum’s price has risen dramatically in recent weeks, trading around $4,670.70 as of press time. This marks a gain of more than 6.05% in the last 24 hours. Notably, the rally has lifted Ethereum’s market value to about $563.87 billion, putting it ahead of major companies like Netflix and Mastercard. 

More importantly, both retail traders and large institutions have been adding to positions, with corporate reserve plans now a growing factor on the market.

Ethereum price targets and institutional demand

Standard Chartered has raised its forecast for Ethereum, now expecting it to reach $7,500 by the end of 2025. The bank’s previous target was $4,000, and it has revised its 2028 projection from $7,500 to $25,000.

This view is linked to announced corporate reserve plans that could bring total institutional holdings to $30.4 billion. 

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Current holdings are estimated at $7.59 billion. Mining company BitMine has outlined the largest allocation, with plans to acquire $22 billion worth of ETH, or roughly 5% of the total supply.

Meanwhile, Cathie Wood, the CEO of ARK Invest, is still positive about Ethereum. Some analysts think ETH could one day reach $22,000 if demand keeps growing. With long-term holders selling for profits and big investors planning large buys, Ethereum’s market is staying active and getting a lot of attention.