Ripple’s $606M XRP transfer raises eyebrows

XRP shows signs of recovery as Ripple makes the big move.

• The big move. Ripple shifted 200M XRP on Aug. 18 to an unknown wallet.

San Francisco-based blockchain company Ripple has stirred speculations with a mysterious transfer involving millions of XRP. On August 18, on-chain tracking platform Whale Alert spotted a major transfer from Ripple involving 200,000,000 XRP. According to the data provider, Ripple had moved a mega amount of XRP to an unknown address. The transfer was worth over $606 million per XRP’s price at the time the transfer was executed. 

• Market context. Transfer happened during a market-wide downturn.

The massive XRP transfer from Ripple has sparked reactions across the community as the destination of the transferred assets remained anonymous. While market watchers have been closely monitoring on-chain moves like this, they have expressed curiosity as to whether the move could be the firm preparing for institutional deals or probably redistributing its reserves.

• Bullish view. Could signal private accumulation or strategic positioning for XRP adoption.

With the move coming amid a broad crypto market bloodbath, investors fear that the move might be Ripple preparing to dump its holdings ahead of deeper price declines. Following the anonymous nature of Ripple’s giant move on XRP today, the lack of clarity on the destination of the transfer has fueled discussions about whether it could be tied to upcoming private accumulation which may be bullish for XRP’s potential price.

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Shiba Inu price struggles at thin support

Shiba Inu coin holders better buckle up as SHIB price is on verge of adding zero.

• Key support level. $0.0000120 — repeatedly tested, now at risk of breaking.

SHIB is trading at $0.0000126 right now. The only thing holding it back from dropping into new territory is thin support at $0.0000120. SHIB price has been moving in tight waves this summer: a brief 8.9% gain in July, followed by a drop in August. 

Its support line has been tested several times on the daily chart, with each rebound losing strength. If it breaks, the token will reach areas last visited in Q1, when sentiment was far weaker.

• Bigger picture. 2025 marked by persistent monthly losses.

The weekly candles show the difficulty of this year. After the surge in 2024, SHIB failed to keep up. The year started with losses of 10.9% in January, followed by 26.1% in February, and red in March and June. Despite sporadic recoveries, the coin has been dropping for months.

For SHIB, the next few weeks are going to be important. The community needs to find enough buying power to hold steady above support and set up for a late-year push. They did it last November with a 49% rally, after all. If not, the charts are set to lock in the new reality of another zero. 

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Ethereum (ETH) price dip warning

Chris Weston, head of research at Australian trading firm Pepperstone, believes that traders should wait for ETH to regain its momentum.

• Key view. Traders should avoid rushing into dip-buying ETH.

Chris Weston, head of research at Australian trading firm Pepperstone, argues that traders should not rush to buy the Ethereum (ETH) dip. “As we see on the daily [chart], the time for patience on new longs is needed…” Weston said. Momentum buying instead of dip buying The trader has predicted that the price of the flagship altcoin could potentially drop back to the $4,100 level, which is the previous “breakout level.” 

• Market context. ETH fell to $4,233 intraday low.

Weston has opined that it would be more prudent to wait until the dip is bought by others and ETH regains its momentum. Earlier, the price of the leading alternative cryptocurrency plunged to an intraday low of $4,233, which is the lowest level since Aug. 12. That said, the cryptocurrency is still up by nearly 15% this August after surging by as much as 49% in July. 

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There are several TronLink wallets with USDT (TRC20), but no TRX.

So I’m trying to find the cheapest or cleverest way to do this.

Option 1: Only TRX (no energy rental) only, but expensive

Option 2: Rental Energy + Use Minimal TRX

And I heard there is a smart contract

Option 3: Use a smart contract My question:

1. What would you recommend as the cheapest and safest way to 2025?
2. Is there a way to completely drain my wallet to $0? Even if you get a quote, I think you’ll always have a dust TRX left in your wallet that you can’t transfer due to gas fees.

Proponents of XRP are stepping up their pitch this week, calling the token “one of the greatest wealth transfers in history.” They argue it’s more than just another crypto. You’ll hear claims that XRP is already reshaping global finance and leaving old systems in the dust.

According to influencer Coach JV, Ripple is building a whole new rails for money. He says XRP isn’t here to compete with banks. It’s here to replace them.

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He points out that transactions on the XRP Ledger settle in 3–5 seconds and cost fractions of a penny. That beats SWIFT transfers, which can take days and cost up to $50 per payment.

XRP still trades around $2,25 but that figure, he argues, won’t stay low for long if the token keeps winning regulatory approvals and new partners.

XRP is the most disruptive financial technology of our lifetime. Ripple isn’t just competing with the banking system, it’s replacing it. The old system is dead. The new financial rails are being laid right before your eyes. Stay asleep and you’ll miss the greatest wealth transfer…

— Coach, JV (@Coachjv_) July 2, 2025

Ripple’s Technology Versus Legacy Rails

Based on reports, RippleNet now counts more than 300 financial institutions in its network. Yet daily on‑chain volumes for XRP hover around $1 billion—small next to global cross‑border flows of roughly $150 billion per day.

Banks are testing the tech, but most haven’t shifted large sums yet. That gap between tests and real‑world use is one reason XRP’s price has stayed below its all‑time high for seven years.

Push For Regulatory Clarity

XRP backers are watching the US carefully. They see growing buzz around spot XRP ETFs. Analysts like Eric Balchunas have given those filings up to 95% odds of approval by year‑end.

If an ETF hits a US exchange, they say, more money will pour in. Ripple has also been chasing money‑transmitter licenses in Europe and Asia. Every new license, they believe, brings Ripple a step closer to mainstream use.

Community Calls For Patience

Coach JV keeps telling followers not to panic over a stagnant price. He uses phrases like “greatest wealth transfer in history” to drive home his point.

In an earlier tweet, he promised “unimaginable wealth” for anyone who holds on. Other voices, such as commentator Edoardo Farina, point out that only about 1 to 2 million people hold XRP today.

That number, they say, leaves room for 100 million or more newcomers—and more buyers often means higher prices.

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Analysts Caution Over Hype

Even so, some experts urge caution. They note that bold forecasts don’t guarantee buy‑in from big banks or regulators. An ETF approval won’t force funds to rush in overnight. And test programs don’t always turn into full rollouts.

For now, XRP remains a high‑risk play. Investors should track on‑chain metrics and regulatory milestones before getting swept up in the hype.

Featured image from Meta, chart from TradingView

The vast majority of the much-hyped great wealth transfer from baby boomers to their heirs will vanish in relatively short order, according to a new report.

An eye-popping 70% of the $72.6 trillion that’s expected to be inherited will be lost across just two generations, reports Worth Magazine, citing research from the Williams Group.

That means $50.82 trillion of the inherited wealth will disappear due to factors like overspending, taxes, mismanagement and family disputes by the time the second generation is through managing it.

Poor planning is expected to fuel the loss.

Nearly two-thirds of Americans lack a will, according to a survey from D.A. Davidson, leaving heirs vulnerable to taxes and conflicts.

Meanwhile, inherited IRAs, taxed heavily within a decade, often push families into higher brackets.

Family businesses also crumble, with the Family Business Institute reporting just 30% lasting into the second generation.

To handle the transition as smoothly and effectively as possible, Fidelity recommends parents start open, age-appropriate conversations about money early to build trust and prepare children for their inheritance.

They also suggest teaching financial responsibility through allowances and trusts to ensure wealth is managed wisely across generations.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Blockchain tracking service Whale Alert posted a major alert showing that 129,392 ETH was transferred from an unidentified wallet to Coinbase as the Ethereum price tumbled. On-chain data from Etherscan shows that this particular wallet had not been involved in the transfer of large ETH volumes since November 2022. This sudden reactivation and deposit into a centralized exchange opens up speculation of a looming selloff, especially given the timing of the transfer.

Massive ETH Transfer As Middle East Tensions Escalate

Whale transaction tracker Whale Alerts, which initially reported the transfer on the social media platform X, noted that at the time of the transfer, these 129,392 ETH were worth $312,981,377. The timing of the transfer is noteworthy because it occurred when the price of Ethereum failed to hold above $2,500 and had already begun to struggle to stay above $2,400. 

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Etherscan’s tracking of on-chain transactions indicates that the unknown wallet “0xd47b,” which was involved in the transfer, has been relatively inactive since late 2022. Particularly, its last transaction was an inflow of 6,469 ETH from another wallet linked to Coinbase. 

The latest transfer into Coinbase leans more towards the possibility of a selloff through the exchange. Since then, the Ethereum price has lost a key support level at $2,450. Its price has fallen notably in the past 48 hours. 

Although other factors are clearly contributing to the dip, particularly new geopolitical tensions after the US launched attacks on Iran, this whale deposit into Coinbase may have increased the downward pressure. Exchange inflows of this magnitude are a precursor to liquidation, particularly now that investor sentiment is on edge.

Bearish Setup Confirms Downside Targets

The technical picture for Ethereum is now turning bearish, at least in the short term. Technical analysis of Ethereum’s 4-hour chart on the TradingView platform shows a clear bearish breakdown setup after Ethereum broke below a crucial support line at $2,362. That support level has now been breached, and confirmation of the breakdown amplifies a bearish case moving forward. 

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Chart Image From TradingView

The chart above, which includes overlays of the Ichimoku Cloud, shows a fading bullish momentum in the past few days. Previous failed attempts to break resistance have left Ethereum in a vulnerable zone, and the recent whale selloff may have delivered the final push needed to trigger this leg down. 

If the current trajectory continues, Ethereum could be on its way to retesting lows below $2,000. According to the TradingView analysis, potential reversal targets are at $2,151 and $1,954, with a third possible level at $1,750 if the selloff is more than expected. At the time of writing, Ethereum is trading at $2,290, down by 5.5% and 10% in the past 24 hours and seven days, respectively.

Featured image from Dall.E, chart from TradingView.com

Yuga Labs has proposed dissolving the ApeCoin DAO and replacing it with a new governing body, ApeCo. This would mark a decisive shift in the management structure of one of Web3’s most recognizable token communities.

Filed as an AIP proposal on June 5, the plan would sunset the DAO and transfer all major assets, including treasury funds, IP rights, smart contracts, and administrative operations, to a newly formed corporate entity led by Yuga.

The proposal arrives amid growing dissatisfaction with the DAO’s performance. Greg Solano, co-founder of Yuga Labs, described the organization as having become “sluggish, noisy and often unserious,” declaring “it’s time for ApeCoin to sunset the DAO and get back to winning.”

In a post on X, Solano argued that “people want to kill the ApeCoin DAO” and called for a “leaner, faster org to take the reins.”

The envisioned transition would entail migrating the DAO’s assets, which include approximately 169 million APE tokens currently valued at over $168 million, into ApeCo’s control. If approved, ApeCo would assume full responsibility for managing the grant program, directing ApeChain development, and overseeing key brand initiatives associated with the Bored Ape Yacht Club ecosystem.

ApeCoin DAO was launched in March 2022 to steward the community-driven evolution of the Ape ecosystem through decentralized governance. However, the DAO’s performance has drawn mounting criticism from core stakeholders, including Yuga, particularly around low voter engagement and operational stagnation.

The ApeCo proposal builds on an earlier governance revamp approved in January through AIP-582, which moved ApeCoin governance on-chain via ApeChain with 93% support.

That measure shifted the bulk of the treasury into the ApeChain ecosystem, but the new proposal effectively renders that effort moot by dissolving the DAO entirely and centralizing governance under a new legal entity.

Apes united?

Community response has mainly been supportive in the early stages, with most forum comments indicating approval. Some dissenting voices remain, including DAO contributor Lanzer, who rejected the claim that the DAO has failed and warned of reputational damage from dissolving the structure altogether.

If enacted, this would constitute one of the most sweeping rollbacks of a DAO to founder-led control in recent crypto history. The implications extend beyond the Ape ecosystem, raising renewed scrutiny on the long-term viability of token-holder governance in Web3.

The move also comes on the heels of the SEC’s decision in March to close its investigation into Yuga’s NFT offerings without pressing charges, removing one regulatory overhang as the company reasserts control over its ecosystem.

The AIP remains in the Idea stage and will require full approval before implementation through the DAO voting process. Large token holders, including major venture backers and ecosystem partners, retain the ability to amend or reject the proposal.

Should it pass, the operational logistics of transitioning smart contract ownership, treasury management, and grant disbursements will become immediate focal points.

Solano’s framing of the DAO’s shortcomings illustrates the broader sentiment that, while aspirational, decentralized governance may struggle to support fast-moving brand and protocol development.

ApeCo, as proposed, would operate with a smaller, professionalized structure focused on the execution and strategic growth of the Ape ecosystem’s assets, including Otherside and ApeChain.

The transition would mark a foundational shift in how one of crypto’s most prominent communities governs its capital and IP.

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Recently I received funds that were paid in USDC coins by the Crypto platform and recommended by a Tokenpocket wallet. After the withdrawal was confirmed, I tried to transfer the funds to another crypto wallet, but I got an error. I contacted customer service and they told me I had to pay $1,500 to a third party to activate the wallet. I paid the amount, but when I tried again I got the same error. I reached out once more and said this time the fee had increased to $1,850. I paid for it too. When attempting to transfer another, the fee was raised again. This time it’s $2,500. At that point, I chose not to pay any more, suspecting that it might be a scam. Does anyone know what this error is and if there is a way to solve it? Any help would be appreciated. There’s no way to paste the error, so please email me. Your email address is (email protected)