Whale accumulation suggests a potential price revival for XRP and ADA as major tokens decline. Ripple receives a credit rating boost, while Binance announces new prediction market services and updates its margin listings. Market participants are watching for signs of a broader recovery.
Whale investors accumulated nearly 200 million XRP tokens over seven days despite its price dropping 10% to around $1.31 in a bearish market. This activity coincided with Ripple launching new treasury products and its prime brokerage arm, Ripple Prime, receiving a BBB rating from agency KBRA.
Cardano whales purchased 220 million ADA in a single week, increasing their total holdings to almost 13.84 billion tokens. The asset’s price has declined 28% year-to-date, currently trading at $0.24, though some analysts believe a bottom has been reached.
Binance revealed plans to launch a prediction market feature by aggregating third-party platforms. The exchange stated this service would let users bet on outcomes in sports, economics, world events, and cryptocurrency markets.
The world’s largest crypto exchange also added several trading pairs to its Cross Margin program, including APT/U and ENA/U. It simultaneously removed pairs like ALT/BNB and XRP/TUSD after a review found they no longer met listing criteria.
Ripple CEO Brad Garlinghouse described the KBRA rating as “clear validation” of the entity’s strength and technology. Prediction markets have grown in popularity, with competitors like Coinbase and Crypto.com already offering similar features.
