XRP Price Analysis: Whale Accumulation Hits 7-Year High Amid Market Fear

After months of silent trading, Terra Classic jumped nearly 22% in the last 24 hours, now trading around $0.00003420. The sudden rise has brought new energy to the LUNC community, which has been waiting for a strong comeback ever since the project went through its historic crash in 2022.

But many in the community are wondering about the reasons behind the LUNC token price jump.

LUNC Trading Volume Spike by 370% 

One of the biggest reasons behind the sudden price rise is the huge jump in trading activity. Market data shows LUNC’s trading volume shot up by more than 370%, touching nearly $46 million across top exchanges.

At the same time, staking activity has also gone up. More holders have started locking their LUNC to support the network, which reduces the number of tokens available in the market.

On top of that, overall market sentiment has turned positive, with confidence levels now above 50%.

Burn Rate Continues To Support Price

Another key factor behind the rally is LUNC’s aggressive burn mechanism. In the last 7 days, the community has burned over 849 million tokens, reducing the circulating supply.

According to the burn tracker, Terra Classic has destroyed 426.79 billion tokens since May 2022, nearly 8% of the total supply. A shrinking supply becomes powerful when demand starts to rise, helping price recover faster.

Binance Upgrade Adds More Momentum

Adding to the excitement is the progress shown by Terra Classic developers. Over the past week, the team has shared updates about new system improvements, better security patches, and long-awaited upgrades that aim to make the chain more stable.

Recently, Binance confirmed it will support the Terra network upgrade happening on December 8, 2025, at block height 18,660,000. 

In the meantime, deposits and withdrawals will pause during the upgrade, but trading will continue as normal.

What’s Next for LUNC?

LUNC recently broke out of a falling wedge pattern and is holding above $0.000033, a key micro-support. The RSI sits around 59, suggesting the token still has space to move higher.

Analysts say the next major resistance levels are $0.000048 and $0.00009. If bulls push further, the high psychological level is $0.000125, a price many traders are watching closely.

CertiK’s latest U.S. Digital Asset Policy Report shows that 2025 marked a major turning point for crypto regulation in the United States. A series of federal actions finally provided the industry with its most straightforward rulebook yet, pushing the sector from years of uncertainty toward a more structured compliance environment. This shift is changing how banks, custodians, and crypto companies operate.

A Clear Three-Pillar Federal Framework

The regulatory progress centers on three developments: the GENIUS Act, the CLARITY Act, and the SEC’s decision to withdraw Staff Accounting Bulletin 121. Together, these measures form the core of a new national framework for digital assets.

The updated rules outline how stablecoins must be backed and redeemed, give clearer definitions for different types of digital tokens, and set standards for when institutions can legally offer crypto custody services.

For major banks and trust companies, this means less confusion and more predictable oversight. CertiK notes that firms entering the custody business now have clearer expectations, while stablecoin issuers must follow uniform requirements for reserves and operations.

States Add Their Own Rules

Even as federal regulation strengthens, states are continuing to build their own digital asset rules. CertiK highlights that more states are introducing licensing systems, cybersecurity standards, and anti–anti-money-laundering requirements. Although each state differs, the overall direction is toward a more consistent compliance baseline for companies operating nationwide.

The report also points to rapid advances in blockchain analytics and smarter code-auditing tools, which are becoming increasingly important as smart contracts handle more financial activity.

Permissioned Digital Assets Gain Traction

CertiK’s review finds that traditional financial institutions are showing growing interest in Permissioned Digital Assets, blockchain-based instruments designed to operate fully within regulatory standards.

With liquidity now splitting between major regulatory regions like the U.S. and Europe under MiCA, companies that can operate across different rulebooks and build compliant infrastructure in multiple jurisdictions are likely to gain a competitive advantage.

FAQs

As of 2025, U.S. crypto regulation relies on the GENIUS and CLARITY Acts, federal stablecoin & custody rules, plus state-level licensing and compliance layers.

Not all, but many must follow new federal standards, while states require licenses and strong cybersecurity for operating legally.

The U.S. uses a mix of federal acts and state laws, while Europe’s MiCA offers one unified rulebook. Both aim for safer, more transparent markets.

The European authorities have taken down a cryptocurrency fraud and money laundering network that is believed to have laundered over 700 million euros. Multiple European agencies collaborated in the two-phase operation, which led to the arrest of nine individuals.

Taking Down a Vast Fraud Network

According to Europol’s announcement yesterday (Thursday), “the criminal network operated numerous fake cryptocurrency investment platforms, luring thousands of victims with advertisements promising high returns.”

The perpetrators contacted the victims repeatedly from call centres, according to the agency, and used social engineering tactics to pressure them into making investments on the fake trading platforms.

The network came to light after authorities began an investigation into a single fraudulent cryptocurrency platform.

The reach and set-up of the network are said to span across Europe and beyond.

Another earlier report revealed that the European agencies removed over 1,400 fraudulent online trading platforms that tricked retail investors. German investigators, working alongside BaFin, Europol and Bulgarian authorities, traced networks of fake brokers luring users into investing large sums with promises of high returns.

Raids and Arrests

The latest nine arrests were made in the first phase of the crackdown, which took place on 27 October, involving police raids across Cyprus, Germany and Spain at the request of French and Belgian authorities. It also resulted in the seizure of bank accounts, cash, cryptocurrencies, digital devices and high-value watches.

In the second phase of the operation, carried out on 25 and 26 November, the authorities focused on targeting the affiliate marketing set-up that supports these online scams, which use fake advertisements with photos and deep fake videos of celebrities and even politicians.

Interestingly, the Italian financial market regulator recently pointed out that deep fake ads of the country’s Prime Minister, Giorgia Meloni, are being used to promote fake investments.

Agencies from Belgium, Bulgaria, Germany and Israel conducted the latest searches against companies and suspects involved in fraudulent advertising campaigns on social media platforms.

It appears that the majority of the fraud operations were based in Cyprus, Germany and Spain, while companies in Belgium, Bulgaria, Germany and Israel ran the fake ads.

“Following these two coordinated actions and multiple arrests and seizures, investigative authorities will continue to track the criminal organisation’s assets in the countries where it operates and resides,” Europol stated.

Recently, the European authorities also closed a crypto-mixing service, “Cryptomixer,” allegedly used by cybercriminals to launder over €1.3 billion in Bitcoin. Authorities confiscated three servers, the platform’s domain, more than €25 million ($29 million) in BTC and over 12 terabytes of operational data.

U.S. spot bitcoin exchange-traded funds saw $194.6 million in net outflows on Thursday, marking the largest negative flow in two weeks.

BlackRock's IBIT led the outflows with $112.9 million, followed by Fidelity's FBTC with $54.2 million, according to SoSoValue data. VanEck's HODL, Grayscale's GBTC, Bitwise's BITB also logged outflows.

Thursday's move followed Wednesday's $14.9 million net outflow, and marked the largest single-day outflow since Nov. 20.

The ETFs' trading volume fell to $3.1 billion on Thursday, compared to $4.2 billion on Wednesday and $5.3 billion on Tuesday.

Bitcoin edged down 1.4% over the past 24 hours at $91,989 as of 2:30 a.m. ET Friday, according to The Block's price page. The world’s largest cryptocurrency briefly fell to around $84,000 earlier this week but has since recovered.

Nick Ruck, director of LVRG Research, told The Block that the outflows appear to be driven primarily by ongoing unwinds of basis trades as the futures-spot spread compressed below breakeven levels, "forcing arbitrageurs to sell holdings amid heightened market volatility." 

"Traders are closely monitoring upcoming U.S. inflation data reports and the Federal Reserve's December 10 rate decision, with expectations of a 25-basis-point cut potentially stabilizing sentiment if it signals further easing," Ruck said.

Timothy Misir, BRN's head of research, said yesterday that exchange balances have fallen to roughly 1.8 million BTC, the lowest level since 2017, based on aggregated CryptoQuant and Glassnode data. 

"The market opened with quiet strength," Misir said. "Accumulation is persistent, supply is thinning on exchanges, and price is stabilizing above the True Market Mean. What’s missing is a clean break into the $96K–$106K band."

Meanwhile, spot Ethereum ETFs posted $41.6 million in net outflows on Thursday, compared to inflows of $140.2 million the day before. Among the ETFs, Grayscale's ETHE saw the largest net outflows with $30.9 million.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

XRP fell to $2.08, down 4% in 24 hours, even though the broader Ripple ecosystem is posting some of its strongest institutional numbers in years. The drop comes at a time when traders are dealing with a mix of market mechanics, macro pressure, and technical weakness, all pulling the price lower.

One of the reasons for the drop was the expiry of more than $5.94 million worth of XRP options on December 5. The max pain price for these contracts was $2.15, which is higher than XRP’s close at $2.08.

When the price finishes below max pain, many traders sell to cut losses, adding fast downward pressure. The broader market also dragged XRP down, as the total crypto market cap fell 1.17%, and Bitcoin dominance rose to 58.68%, showing that money is moving away from altcoins like XRP.

Why the Drop Feels Odd Even With Strong Fundamentals

The decline feels odd because XRP’s fundamentals have been very strong. The first U.S.-listed XRP ETF, Canary XRPC, launched with a huge $58 million in day-one trading volume, the biggest ETF debut of the year. Its assets under management quickly jumped to $248 million, showing strong interest from big investors. 

Ripple’s new stablecoin, RLUSD, also crossed $1 billion in market cap, giving the XRP ecosystem more utility. XRP ETF holdings have now grown, bringing total institutional ETF exposure to $906.46 million.

XRP Price To Crash More?

Analyst Casi Trades said that XRP is heading toward an important support level at $2.04. It recently bounced a bit, showing some strength, but this level will decide if the price goes up or drops further. If XRP holds $2.04, buyers could push it higher. If it breaks, the price might fall to $1.64.

Changpeng Zhao (CZ) recently took to the X social media network to share a photo of himself with Michael Saylor on X shortly after their first in-person meeting at Binance Blockchain Week in Dubai.

The face-to-face meeting between the two crypto titans took place shortly after Saylor's presentation.

Saylor attended Binance Blockchain Week in Dubai as a keynote speaker. This is his first-ever speaking appearance at a crypto event in the UAE.

He delivered a major presentation titled "The Undeniable Case for Bitcoin. During the presentation, urging the audience not to fear market volatility, he pointed to Bitcoin's growing institutional and global adoption, and compared its trading power and energy consumption to giants like Google, Microsoft, and even the US Navy. Saylor also discussed MicroStrategy's ongoing Bitcoin strategy.

Following his keynote, he participated in a live community AMA session. The event also gave him the opportunity to finally meet CZ in person after years of online alignment.

Meanwhile, CZ and longtime gold advocate Peter Schiff had a fiery debate about Bitcoin, which has attracted plenty of attention on social media. 

Two crypto giants 

Both Saylor and CZ have been towering figures within the cryptocurrency community for years. 

Their connection traces back to the early 2020s, when both emerged as leading voices during Bitcoin's volatile cycles. CZ repeatedly voiced strong support for Saylor's aggressive accumulation strategy at Strategy (formerly MicroStrategy). When many questioned the wisdom of buying more amid plunging prices, CZ publicly defended Saylor.

Their messaging often overlapped on Bitcoin's scarcity, its superiority as a store of value over traditional assets like gold or fiat currencies, and its role in building a more trustworthy financial future. 

On social media, they would also amplify each other's posts.

This online camaraderie extended into real-world collaboration in 2025, when both were appointed as advisors to Pakistan's Crypto Council, working alongside each other to guide the nation's ambitious plans for a strategic Bitcoin reserve. 

Now, the two crypto titans have finally shared their first photo.