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XRP’s price drops due to a whale dump; SEI’s integration-induced volatility leads to diversification; Milei Moneda sells 50+ million tokens with deflationary appeal.
In recent weeks, the crypto market has been abuzz with the shifting tide of investors. Making the headlines are XRP and SEI investors, who are jumping ship to a new defi project in the market. Here, we explore this DeFi underdog, Milei Moneda (MEDA), and the factors fueling this move.
XRP price slumps as whale dumps millions
Recently, a significant development occurred that sent ripples through Ripple’s (XRP) community. According to blockchain tracker Whale Alert, Ripple saw over 45 million XRP dumped onto centralized exchanges (CEXs) in recent weeks, sparking bearish sentiments among investors.
Interestingly, these transactions by the same whale have been occurring regularly, especially after Ripple’s strategic stake acquisition in these CEXs. These massive drops signify investors’ dwindling confidence in the altcoin, igniting a further decline in the altcoin price.
Over the past 30 days, XRP has seen an 18% price decline. Looking ahead, market analysts foresee a continuous drop if holders continue to dump their holdings.
SEI price crashes after notable surge
In early March, SEI made significant waves in the crypto market following the announcement of its integration with PixelRealm, a leading web3 gaming entity. This partnership was aimed at propelling growth within the web3 gaming ecosystem, empowering PixelRealm to develop immersive on-chain games.
The news sparked a bullish trend for SEI, with the token’s price soaring by over 20%. However, the joy was short-lived as SEI faced a sudden and steep decline, incurring a 36% price drop. While analysts remain unsure of SEI’s future trajectory, the altcoin’s bearish movement has investors diversifying their portfolios, looking to capitalize on the potential of emerging altcoins like Milei Moneda.
MEDA hits best cryptocurrency list
Milei Moneda, a meme coin underdog, has caught the attention of many investors with its unique features and potential for growth. Now in Stage 2, Milei Moneda has already sold over 55 million tokens, signaling its appeal among cryptocurrency investors.
This new meme coin, inspired by Argentine President Javier Milei, integrates a deflationary mechanism, distinguishing itself from other memecoins. This helps to limit the supply of MEDA, boosting the meme coins’ value over time.
Now in its presale, Milei Moneda is expected to see its price increase at every stage. For instance, MEDA was priced at $0.010 per token during Stage 1; now, in Stage 2, the defi coin price is at $0.0125 and aims to be $0.015 in Stage 3.
MEDA’s features have significantly boosted the meme coin’s potential to generate substantial gains, positioning it as a leading crypto to invest in. Looking ahead, MEDA aims to launch on major exchanges soon at the price of $0.020. This will generate a 60% ROI for Milei Moneda investors who take action now.
To learn more, visit the Milei Moneda website or reach out on Telegram.
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This article first appeared at crypto.news
