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XRP Price Falls Due to Whale Dumping; Volatility induced by SEI integration leads to diversification; Milei Moneda sells more than 50 million tokens with deflationary appeal.
In recent weeks, the cryptocurrency market has been abuzz with the changing tide of investors. Making the headlines are XRP and SEI investors, who are jumping into a new defi project on the market. Here, we explore this DeFi underdog, Milei Coin (MEDA), and the factors driving this movement.
XRP Price Drops as Whale Drops Millions
Recently, a significant event occurred that had repercussions on the Ripple (XRP) community. According to blockchain tracker Whale Alert, Ripple saw over 45 million XRP dumped on centralized exchanges (CEX) in recent weeks, sparking bearish sentiments among investors.
Interestingly, these transactions by the same whale have occurred regularly, especially after Ripple's acquisition of a strategic stake in these CEXs. These massive drops signify the decreasing investor confidence in the altcoin, causing a new drop in the altcoin price.
In the last 30 days, XRP has seen an 18% price drop. Looking ahead, market analysts predict a continued decline if holders continue to unload their holdings.
SEI Price Plunges After Notable Rise
In early March, SEI made waves in the cryptocurrency market following the advertisement of its integration with PixelRealm, a leading entity in web games3. This partnership aimed to drive growth within the web3 gaming ecosystem, allowing PixelRealm to develop immersive games on-chain.
The news sparked a bullish trend for SEI, with the token's price rising over 20%. However, the joy was short-lived as SEI faced a sudden and sharp drop, resulting in a 36% price drop. While analysts remain unsure of SEI's future trajectory, the altcoin's bearish move has investors diversifying their portfolios, seeking to capitalize on the potential of emerging altcoins like Milei Moneda.
MEDA makes it to the list of the best cryptocurrencies
Miley Moneda, an underdog meme coin, has caught the attention of many investors for its unique features and growth potential. Now in Stage 2, Milei Moneda has already sold over 55 million tokens, indicating its appeal among cryptocurrency investors.
This new meme currency, inspired by the Argentine president Javier Milei, integrates a deflationary mechanism, distinguishing itself from other memecoins. This helps limit the supply of MEDA, increasing the value of meme coins over time.
Now in its pre-sale, Milei Moneda is expected to see its price increase at each stage. For example, MEDA was priced at $0.010 per token during Stage 1; Now in Stage 2, the defi coin price is $0.0125 and aims to be $0.015 in Stage 3.
MEDA's features have significantly increased the meme coin's potential to generate substantial profits, 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 Currency investors who take action now.
Learn more, visit the Milei Moneda website or contact Telegram.
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