Ripple Moves $120 Million in XRP, Shiba Inu (SHIB) Burn Rate Down 100%, Cardano and Solana to Build Cross-Chain Bridge — Crypto News Digest

utoday2025-12-24

Ripple moves 65 million XRP to unknown address Ripple offloads a large amount of XRP to an unknown adress as the asset continues to trail downward.Mysterious transfer. Ripple transferred 65 million ...

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Ripple transferred 65 million ...</p>\n\n<a href=\"https://u.today/ripple-moves-120-million-in-xrp-shiba-inu-shib-burn-rate-down-100-cardano-and-solana-to-build-cross\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XRP","symbol_name":"Bitwise XRP ETF","start_time":0,"source_url":"https://u.today/ripple-moves-120-million-in-xrp-shiba-inu-shib-burn-rate-down-100-cardano-and-solana-to-build-cross","article_id":"2594236707","we_media_id":null,"thumbnails":[],"rights":{"source":"utodaynews_highlight","url":"https://u.today/ripple-moves-120-million-in-xrp-shiba-inu-shib-burn-rate-down-100-cardano-and-solana-to-build-cross","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2594236707","pubTimestamp":1766570760,"columns":[],"sourceInfo":{"source_id":"utodaynews_highlight","name":"u.today"},"weMediaInfo":null,"summary":"Ripple moves 65 million XRP to unknown addressRippleoffloads a large amount of XRP to an unknown adress as the asset continues to trail downward.Mysterious transfer. Ripple transferred 65 million XRP,","collect":0,"end_time":0,"defaultTopTitle":"u.today","property":[],"viewcount":null,"language":"en","relate_stocks":{"XRP":"Bitwise XRP ETF","ADA.AU":"ADACEL TECHNOLOGIES LIMITED","BK7016":"应用软件","BGSX":"Build Acquisition Corp"},"translate_title":"Ripple将XRP转移1.2亿美元，Shiba Inu(SHIB)烧毁率下降100%，Cardano和Solana将建立跨链桥-加密新闻文摘","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BGSX":1.5,"ADA.AU":1,"XRP":1.5},"content_text":"Ripple moves 65 million XRP to unknown address Ripple offloads a large amount of XRP to an unknown adress as the asset continues to trail downward.Mysterious transfer. Ripple transferred 65 million XRP, worth over $121 million, to an unknown address in a single transaction.Ripple has stirred discussions across the crypto community today following a large XRP transfer pulled by the renowned San Francisco-based blockchain company.On Tuesday, December 23, blockchain monitoring platform Whale Alert showcased data revealing a massive crypto transfer from Ripple involving tens of millions of XRP amid the broad crypto market volatility. The data shows that Ripple moved 65 million XRP worth over $121 million to an unknown address, sparking curiosity about what the firm might be up to.Some market participants interpret the move as a potential liquidity operation, while others worry it could precede a sell-off.Potential scenarios. Some market participants interpret the move as a potential liquidity operation, while others worry it could precede a sell-off.The transfer, which was executed in a single transaction, came at a time when the broad crypto market was moving on a negative path, with XRP trading in deep red territory.While such a move is not frequently noticed from Ripple, the mysterious transfer of such a large volume of XRP from the firm has caused market watchers to wonder about the purpose of the transfer. Some commentators fear that the transfer could signal a potential sell-off from the firm or a liquidity move, considering its timing and nature.Shiba Inu burn activity stalls as price slipsShiba Inu rebound potential now in doubt as burn rate fell 100% in past 24 hours.Zero burns. There have been zero SHIB token burns recorded over 25 hours.According to Shibburn data, a platform that tracks the blockchain’s deflationary activities, there have been zero token burns within 25 hours.The Shiba Inu ecosystem relies on the burn mechanism to reduce the circulating supply of SHIB. It periodically sends tokens to dead wallets and permanently removes them from circulation, with the hopes that it could create scarcity and improve the price outlook.Price rebound failed. The lack of burns comes as SHIB continues to face bearish momentum, with rebound attempts failing to gain traction.However, the ecosystem did not perform any burns despite the dropping price of SHIB on the market. The dog-themed meme coin has been battling bearish momentum, with all attempts at rebound failing to push the asset up.Shiba Inu remains volatile and dropped from a high of $0.000007348 to a low of $0.000007126 within this period of zero burn activity. As of press time, SHIB exchanges hands at $0.000007144, which represents a 2.05% decline.Cardano and Solana founders agree on cross-chain bridge planThe bridge could make Cardano's native token (ADA) to be usable on the Solana network for trading and DeFi.Cross-chain. Yakovenko suggested on X that fighting with Cardano or XRP is “bearish,” signaling openness to cooperation.Cardano founder Charles Hoskinson and Solana founder Anatoly Yakovenko have agreed to establish a cross-chain bridge between their two networks. Historically, the Solana and Cardano communities have been fierce rivals. Hence, this marks quite a significant breakthrough. It began with Anatoly Yakovenko showing a desire to end the hostility between blockchain communities. On the X social media network, he opined that fighting with Cardano or XRP is \"bearish.\"ADA vs. SOL. Prominent community members engaged in heated debate over which chain is superior.However, before the founders could seal the deal, prominent community members engaged in a heated debate over which chain is superior.Despite the bickering, Yakovenko replied to the idea of interoperability with \"Let's do it.\" Hoskinson then quote-tweeted the interaction with \"Time to get cooking.\"","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2594236707","isCrawlerRequest":true}