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Check out the top three news stories from the first weekend of 2025, brought to you by U.Today.
379,270,000,000 Shiba Inu surprised the largest cryptocurrency exchange in the world
On Saturday, January 4, Binance, the world's largest cryptocurrency exchange, opened... registered Huge inflow of Shiba Inu (SHIB) tokens, totaling 379.27 billion. This spike in trading may have been caused by the price of SHIB rising more than 5% on that day. Currently, the meme token is trading at $0.00002404, up 1.66% over the past 24 hours, according to CoinMarketCap. The Shiba Inu price fluctuates between $0.00002319 and $0.00002486; Although the dog-themed coin is below its previous price of $0.00003215 a month ago, some analysts believe this recovery is noteworthy, especially as it defied a death cross pattern. According to experts, if SHIB crosses the key resistance level of $0.000025, it could trigger further bullish momentum, supported by the observed increased trading activity.
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Ripple USD (RLUSD) price rose by 2000% in the main metric
Ripple USD (RLUSD), Ripple's newly launched stablecoin, Experienced Noticeable 2000% spike in trading volume yesterday, January 5th. The token's total trading volume reached $611 million, making it the fourth most traded stablecoin, despite a market cap of just $53 million. Some users on social media have raised doubts about the accuracy of these numbers, as it seems unlikely that RLUSD could generate such significant interest in such a short time frame. Notably, the Bullish trading platform, backed by PayPal co-founder Peter Thiel, accounts for more than 96% of the stablecoin's trading volume, having listed six trading pairs with RLUSD just last week. Vet, an auditor on the XRP Ledger (XRPL), noted that the trading volume recorded on the RLUSD/USD pair at Bullish appears to be disproportionately high; The pair has low liquidity, which means that only a few big players are responsible for these amazing numbers.
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A massive Cardano (ADA) buying spree is happening right now
According to the latest on-chain data, Cardano has witnessed Significant increase in wallet activity And accumulation. Over the past year, there has been a 237.44% rise in wallets containing $1 to $100 of ADA, with wallets containing $10 to $100 also growing by 18%. And based on the increase in smaller wallet activity, retail interest appears to be increasing. Meanwhile, larger portfolio categories ($1,000 to $10,000 and $10,000 to $100,000) saw declines. ADA price performed well, breaking through key resistance at the 50 EMA and trading around $1.08, although trading volume was consistently low, indicating a lack of strong market support for these price movements. Additionally, balances increased in titles under $10, while higher categories saw their balances decrease. To capitalize on this momentum, Cardano will need to maintain consistent trading volume and broader market support, with $1.00 as a crucial support level and $1.20 as a key resistance point for future price movements.
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