XRP, Solana, and Dogecoin: The Altcoin Rally That’s Shifting Market Momentum
Over the past 24 hours, $XRP , Solana ($SOL ), and Dogecoin ($DOGE ) have each posted gains of more than 5%. This rally doesn’t seem like a short lived pump, there are several strong factors driving it.
Whale Accumulation
Market data shows that large investors, known as “whales,” have been heavily accumulating these altcoins. When whales buy, it’s a strong bullish signal for the market.
Rise in DeFi Activity
There’s been a noticeable surge in DeFi (Decentralized Finance) platform activity, including trading and liquidity. This growth is helping boost investor confidence in coins like XRP, SOL, and DOGE.
Impact of Global Economic News
Macroeconomic developments, such as proposals for interest rate cuts, have created a more optimistic outlook across the crypto market. In such conditions, altcoins often respond with sharp upward moves.
The Unique Case of XRP
XRP has seen a 100% drop in its exchange reserves, this indicates users are moving their tokens off exchanges and into self-custody wallets.
What Self Custody Means
When users move their coins to personal wallets instead of leaving them on exchanges, it usually signals that they plan to hold, not sell, often for long term gains.
Supply and Demand Dynamics
When available supply on exchanges drops and demand increases, prices naturally tend to rise. That’s the case we’re currently seeing with XRP.
Strengthening Altcoin Market Structure
These combined signals point to a strengthening altcoin market structure. If this trend continues, the second half of 2025 could be very promising for XRP, SOL, and DOGE.
