Monat: Juni 2025

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Ethereum staking skyrockets as whales aggressively accumulate ETH

  • Ethereum is poised above $2,500 amid massive whale accumulation
  • Also signaling bullish sentiment is the surge to 35 million staked ETH for Ethereum staking.
  • The Ethereum price could rally amid multiple catalysts.

Ethereum (ETH) is witnessing a significant surge in staking activity, underpinned by aggressive accumulation from large holders.

As whales up their buying pressure, Ethereum’s price has shown greater resilience above the $2,500 level.

According to CoinMarketCap, ETH traded around $2,549,  down 2% and 7% in the past 24 hours and week respectively. However, the top altcoin remained above the crucial level and was seeing massive whale buying.

Crypto analysts from glassnode and CryptoQuant point out that the whale behaviour and spike in ETH staking could be a massive upward momentum driver for the altcoin.

Notably, accumulation of the second-largest cryptocurrency by market cap is hitting levels last seen in 2017, while strategic positioning via staking has pushed the total ETH staked to fresh all-time highs.

Ethereum whale accumulation skyrockets to 800k daily

Data from Glassnode highlights a remarkable trend, with Ethereum whales accumulating over 800,000 ETH daily for nearly a week, culminating in a record 871,000 ETH net inflow on June 12—the highest single-day figure year-to-date.

This cohort of addresses now controls 27% of the total ETH supply, a level of concentration that has historically preceded major market breakouts.

Glassnode’s data shows a sharp increase in whale net position change since early June, correlating with a gradual rise in ETH’s price from its recent lows. This accumulation echoes the strategic buying seen in 2017, a period that preceded a significant bull run.

“For nearly a week, daily whale accumulation has exceeded 800K ETH, pushing holdings in 1k–10k wallets to >14.3M ETH. On June 12 alone, Ethereum whales have added over 871K ETH – the highest daily net inflow YTD,” Glassnode noted. “This scale of buying hasn’t been seen since 2017.”

Market analysts suggest that institutional demand, fueled by ETF filings and new derivatives liquidity tools, alongside bullish social sentiment, is driving this activity.

While technical indicators such as the Moving Average Convergence Divergence suggest possible weakness, many of the technical factors favour buyers.

ETH staking surges

While Ethereum price has stagnated since attempting to reclaim its all-time high above $4k, on-chain data shows holders want to earn from their assets.

This sees the Ethereum staking ecosystem witness a notable spike in activity – particularly from long-term holders. On June 17, 2025, CryptoQuant shared details of what analysts say is a spike in ETH staking to all-time high levels.

Per Onchain School, ETH has hit an ATH in staking with more than 35 million locked.

“Alongside this, Accumulation Addresses (holders with no history of selling) have also reached an all-time high, now holding 22.8 million ETH,” the analyst noted.

Staking allows token holders to lock their ETH and earn rewards as they support the network. This reduction in circulating supply has in the past week helped Ether tokens hold onto gains.

The post Ethereum staking skyrockets as whales aggressively accumulate ETH appeared first on CoinJournal.

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XRP price prediction: analyst sees 500% breakout as charts mirror 2017 rally

  • A triangle consolidation pattern is forming, similar to its pre-rally structure in 2017.
  • Daily active addresses hit 295,000, while whale wallets holding over 1 million XRP reached 2,700.
  • Trading volume surged 157% to $5.26 billion, hinting at rising investor interest.

XRP’s price action has captured renewed attention this week following a technical analysis comparison that suggests the token could be poised for a breakout exceeding 500%.

Crypto analyst Mikybull Crypto posted a chart showing XRP’s current consolidation trend mirrors the pre-rally structure observed in 2017, when the token soared to a then-record high of $3.38.

The analyst argues that a similar pattern is forming again, one that could push XRP to $14 if conditions align.

The chart, based on three-week candles, implies a potential rally that could unfold over the coming months, supported by macro developments such as Ripple’s ongoing court battle with the SEC and surging on-chain metrics.

XRP’s consolidation mirrors the 2017 pre-rally setup

The analysis by Mikybull highlighted two triangle consolidation patterns—one from late 2017 and one from 2025.

In both instances, XRP appeared to trade sideways over several weeks before making a sharp upward breakout.

In 2017, the coin surged 1,300% in less than a month, peaking at $3.38. XRP is currently trading at around $2.19.

If the same pattern repeats, Mikybull suggests the coin could hit $14—a 540% increase from current levels.

XRP price
Source: CoinMarketCap

The timing of this technical setup is particularly significant as XRP has remained rangebound since March, lacking the strong momentum seen in other large-cap cryptocurrencies.

However, with historical patterns now aligning and technical indicators such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) signalling a potential shift in momentum, analysts are watching closely for a breakout.

Legal battle with SEC reaches critical stage

The timing of this potential breakout also coincides with a critical period in Ripple’s legal fight with the US Securities and Exchange Commission.

The SEC case, which began in 2020, is currently working to settle the case.

Both parties have submitted a revised settlement motion, but no final approval has been issued by the court.

The lawsuit has been a key overhang for XRP, capping its upside over the past few years.

However, a resolution in Ripple’s favour could remove regulatory uncertainty and act as a catalyst for price acceleration.

Some market watchers suggest the legal clarity may attract institutional capital back into XRP, which has lagged competitors like Solana and Ethereum in recent market cycles.

On-chain data points to rising activity and investor interest

Data from blockchain analytics firm Santiment shows strong activity on the XRP network, reinforcing the bullish thesis.

Daily active addresses surged to 295,000 this month, a sevenfold increase from the three-month average of 40,000.

Whale wallets have also risen to historic highs, with over 2,700 addresses now holding at least 1 million XRP each.

This represents the highest concentration of large holders in XRP’s 12-year history.

Additionally, trading volumes climbed 157% to $5.26 billion in the last 24 hours, suggesting growing interest from retail and institutional traders.

Analysts note that such spikes in volume often precede major price moves, especially when aligned with positive sentiment and favourable macro triggers.

While the broader crypto market has shown mixed performance in recent weeks, XRP’s chart patterns and improving fundamentals are positioning it as one of the more closely-watched tokens heading into the second half of 2025.

The post XRP price prediction: analyst sees 500% breakout as charts mirror 2017 rally appeared first on CoinJournal.

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Ripple case may be delayed as SEC, Ripple seek to finalise $50 million settlement

  • Judge Torres rejected the earlier motion in May, citing a lack of “exceptional circumstances.”
  • The SEC filed a new status report on 16 June requesting a hold on appellate proceedings.
  • At the time of writing, this motion is still pending, and the court has not yet issued a decision.

The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) has entered yet another phase of delay.

Both parties have now requested the US Court of Appeals for the Second Circuit to pause proceedings, this time until 15 August 2025, as they attempt to settle the matter out of court.

This request follows a series of developments in the case, including failed motions, revised penalty proposals, and ongoing efforts to lift an existing injunction against Ripple’s activities.

SEC and Ripple seek settlement and injunction relief

Ripple and the SEC have jointly filed a motion asking the district court to dissolve the permanent injunction imposed on Ripple Labs and reduce the financial penalty from $125 million to $50 million.

This is part of a larger attempt to resolve the case through a settlement rather than continuing with a protracted appeals process.

The background to this stems from April 2025, when the two sides submitted a request for an “indicative ruling” to modify a final judgment.

The aim was to allow Judge Analisa Torres to revise the court’s original orders in light of ongoing negotiations.

However, on 13 May, Judge Torres rejected the request, stating that the motion failed to meet the required “exceptional circumstances” standard needed to modify a final ruling under Rule 62.1.

Despite this setback, Ripple and the SEC returned with a new motion on June 12, again asking the court to reconsider the existing injunction and accept the revised $50 million settlement figure.

At the time of writing, this motion is still pending, and the court has not yet issued a decision.

SEC status update urges suspension until August 15

The SEC filed a new status report on 16 June, requesting that the appeals process be put on hold until at least 15 August.

The report argues that continuing the appeal during this interim period would be inefficient and potentially unnecessary if the district court rules in favour of the joint motion.

The pause has not yet been granted. The request remains under consideration by the Second Circuit.

Earlier this year, a similar delay had been requested, underscoring both parties’ shared interest in resolving the case through negotiation rather than extended litigation.

The strategy appears to be aimed at conserving resources and avoiding a drawn-out appeals process, which could stretch into 2026 without resolution.

XRP price steady amid legal uncertainty

Amid the legal developments, XRP has shown some resilience in the market.

As of the latest data, XRP is trading at $2.21, reflecting a modest rise in the past 24 hours. The token’s total market capitalisation currently stands at $130.5 billion.

Market watchers suggest that a favourable court ruling could potentially remove barriers for Ripple’s business operations and inject new momentum into the XRP token’s performance.

No final outcome has yet been reached, but if the district court agrees to dissolve the injunction and endorse the $50 million settlement, it could mark a turning point in the long-running regulatory conflict.

For now, all eyes remain on Judge Torres’ decision, and its potential impact on both Ripple and the broader crypto regulatory environment.

The post Ripple case may be delayed as SEC, Ripple seek to finalise $50 million settlement appeared first on CoinJournal.