Whales Are Hungry: ETH and DOGE Surge, XRP Gets Fancy but Slips

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TL;DR

  • In the last 72 hours, massive ETH whales dropped nearly $4 billion to add more to their treasure chests.
  • Meanwhile, DOGE whales joined the frenzy with a more modest spending spree, scooping up tokens like they were on sale.
  • It wasn’t all sunshine for XRP though – its first ETF launch was glamorous, but the price took a little dip (classic).

ETH Whales Going All In

Last weekend, ETH, the ever-so-dramatic second-largest cryptocurrency, saw a wild spike to nearly $4,800. Could it have been the US Federal Reserve’s sweet promise to lower interest rates? Probably. But like all good things in life, it didn’t last long, and ETH corrected itself to below $4,500. But, plot twist! Once the Fed slashed interest rates, ETH soared again, hitting $4,600, before stabilizing at $4,500. Ah, the sweet cycle of volatility.

Here’s where it gets juicy: Ali Martinez (that name rings a bell, doesn’t it?) revealed that ETH whales have been stocking up like they’re preparing for an apocalypse-820,000 ETH worth $3.8 billion to be exact. With these whales now owning a quarter of ETH’s total circulating supply, it’s safe to say that the market’s about to get tighter. Fewer tokens for everyone else, right? In theory, this could set the stage for a price rally… or, you know, a retail frenzy. Either way, the bulls are likely to keep charging.

Oh, and did we mention that these whales are sitting on a cool $45 billion in unrealized profits? A sweet nostalgia trip back to the glory days of 2021. Good times.

What’s the Deal with DOGE?

Well, well, well. Dogecoin whales weren’t about to let the ETH guys have all the fun. They spent around $45 million snagging 158 million DOGE. Now, investors with a couple of million tokens are sitting pretty with a stash of over 11 billion DOGE. Not bad, right?

Ali Martinez (again!) has some thoughts on this: if DOGE breaks $0.29, brace yourself for a potential rise to $0.36 and maybe even $0.45. As of now, DOGE is chilling at $0.27. A modest 28% increase over the past month, not exactly moon-worthy, but a win is a win, right?

The hype surrounding the DOGE ETF in the US is partly to blame for the recent surge. The REX-Osprey product made its debut on September 18 (hello, new shiny thing!) and generated a jaw-dropping $17 million in trading volume. Oh, and it’s one of the top 5 ETF launches of the year. We’ll take it.

XRP: The Underachiever?

In a plot twist that no one saw coming, XRP’s big debut ETF didn’t quite match the drama of its doggy counterpart. Despite some pre-launch excitement that saw XRP soar above $3.15, it did what any crypto would do after a big announcement-fell. Currently trading around $3.03, XRP experienced a classic “sell-the-news” scenario. Talk about anticlimactic!

But here’s the kicker: REX-Osprey also launched an XRP ETF (yes, there are TWO!) and managed to snag nearly $38 million in its first day. A solid performance for a fresh product, but still… meh.

On the bright side, Ripple’s team did manage to strike a deal with Franklin Templeton (the company that probably owns more money than you’ve ever seen) and Singapore’s DBS Bank. According to the fine print, DBS clients will now be able to swap stablecoins like RLUSD for sgBENJI tokens. In other words, financial wizardry that makes portfolio rebalancing smoother than a fresh jar of peanut butter.

“With this setup, eligible DBS clients can trade RLUSD for sgBENJI tokens, enabling them to rebalance their portfolios into a relatively stable asset 24/7 and within minutes, while earning yield during periods of volatility,” the official announcement reads.

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2025-09-19 14:12