DOOKV: Investors shift focus to Milei Moneda amid XRP, SEI market turbulence
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.
DOOKV 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.
