Not long ago, Dogecoin’s chart looked like a joke, until it rewrote the rules of meme-driven markets. Now, all eyes are on XRP as whispers of a possible ETF approval light a fire under whale activity.
In just days, wallets holding 1–10 million XRP scooped up 130 million tokens, part of a staggering $3.8 billion accumulation. The message is clear: big players are betting XRP’s next breakout could echo past meme coin miracles.
But while whales quietly bulk up on XRP, a newcomer, Layer Brett, enters the scene with its presale buzz, blending Ethereum Layer 2 utility with meme coin culture.
Whales don’t splash for nothing
XRP whales aren’t just nibbling, they’re feasting. Accumulation has kicked into overdrive this summer, with mid-tier holders snapping up tokens during dips and building a clear price floor. Their activity hints at growing confidence ahead of the much-anticipated spot XRP ETF decision, and the market is paying close attention.
The scale of whale moves is staggering. Since late 2024, wallets holding 1–10 million XRP have scooped more than 2 billion tokens, with one August stretch alone seeing $2.88 billion worth of XRP soaked up in just 48 hours. Meanwhile, whales with deeper pockets have trimmed positions, offloading 470 million tokens this quarter, but mid-tier demand has more than offset that selling.
ETF optimism is fueling the frenzy. Bloomberg analysts now give a 95% approval chance by October, with eight major firms, from Grayscale to Franklin Templeton, lining up filings. And with the SEC finally dropping its Ripple case, the runway looks clearer than ever.
If the ETF goes live, analysts expect $5–$8 billion in first-year inflows. Translation? Whales might just be laying tracks for a moon mission.
Layer Brett: From meme to movement
Layer Brett is a new project that is gaining attention, particularly from retail investors. The project is currently in its presale phase and has reportedly raised a significant amount of capital. It is described as a project that combines the cultural elements of a meme coin with the utility of a Layer 2 solution built on Ethereum.
The project is built on Ethereum’s Layer 2 technology, which is designed to improve transaction speed and reduce costs. The team claims this technology allows for faster transactions and lower gas fees compared to the main Ethereum network.
Layer Brett’s tokenomics are another area of focus, with the project highlighting a low entry price during its presale. The project also offers a staking program, with the team claiming that early participants can receive high rewards. The project states that it is a no-KYC process, allowing users to buy and stake tokens using various cryptocurrencies through self-custodial wallets. To further incentivize participation, the project has announced a giveaway.
Conclusion
The crypto market is currently focused on two distinct narratives. On one hand, there is the reported accumulation of XRP by large holders, which is seen by some as a sign of confidence ahead of a potential ETF approval. On the other, the new project, Layer Brett, is generating buzz with its presale, which highlights its Layer 2 utility and staking rewards.
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Website: https://layerbrett.com
Telegram: https://t.me/layerbrett
X: (1) Layer Brett (@LayerBrett) / X
Disclaimer: This content is a paid advertisement and should not be considered financial advice. All investment decisions should be made based on your own thorough research and risk assessment.
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