M2M-Bhutto

Blockchain security company PeckShield reports that addresses known as Bitrue Exploiters have exchanged roughly 150 billion Shiba Inu (SHIB) and 756 million Holochain (HOT) tokens for about 1,500 Ethereum (ETH). A substantial portion of the 1,050 ETH that was transferred after this exchange was promptly transferred into TornadoCash, a well-known cryptocurrency mixer that is known for its ability to hide transaction histories.

Currently the hackers still hold 5,111 ETH and roughly 16 million DAI for a total of almost $25.5 million. The cryptocurrency trading platform Bitrue was the victim of a cyberattack in 2023, which is directly related to the current situation. The attack caused a significant financial loss of about $23 million. The consequences are currently causing a stir once again and may lead to disruptions in related markets.

The enormous amount of Shiba Inu tokens involved is the investor's first worry. A sell-off of this size — 150 billion SHIB tokens — can put significant selling pressure on the asset's price, lowering market sentiment and raising volatility. Recent market activity for SHIB has already displayed strain, stumbling around significant technical resistances like the 100-day EMA, suggesting susceptibility to bearish pressure. Hackers' massive token movement adds to market trepidation and uncertainty.

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Investor panic could result particularly if more of these tokens are quickly liquidated, which would push SHIB into a bearish spiral and create downward price momentum. The implications for Shiba Inu in the future will mostly rely on investor confidence and market response. This might only lead to short-term volatility if SHIB holders maintain their composure and market sentiment levels out.

Nevertheless, a longer-term downward trend might result from more liquidations or persistent hacker sell-offs. The full effects of this token swap might become apparent in the days ahead, so investors are urged to stay alert and keep a close eye on market developments and blockchain security alerts.

Despite facing macroeconomic headwinds, the future of XRP might be brighter than ever. Ripple is aiming for a major expansion through its stablecoin RLUSD, and if optimistic projections play out, XRP could experience a massive price surge.

🔁 Ripple Targets $2 Trillion Stablecoin Market
Banking giant Standard Chartered recently published a report forecasting that the stablecoin market could grow to $2 trillion by 2028 – nearly ten times its current size. The anticipated growth is expected to be fueled by crypto-friendly legislation in the U.S., specifically the GENIUS Stablecoin Act, which could pave the way for the adoption of U.S.-issued digital currencies.
RLUSD, Ripple’s stablecoin, is seen as one of the biggest contenders in this new era.
“If RLUSD captures 50% of the stablecoin market, it could reach a market cap of $1 trillion,” Standard Chartered’s report states.

🚀 What Would That Mean for XRP’s Price?
If Ripple succeeds in this mission, XRP could soar as high as $50 – depending on adoption levels, increased utility, and global use in cross-border payments. Conservative projections estimate a price of around $24, while a more aggressive outlook pushes that to $50 per token.
Analysts, including Grok3, believe that the success of RLUSD could massively boost demand for XRP as a core part of Ripple’s ecosystem.

📉 What Does the Short-Term Technical Analysis Say?
In the short term, XRP is trading within a falling wedge pattern – typically considered bullish. The RSI (Relative Strength Index) is bouncing off oversold territory and approaching the neutral level of 50, suggesting that bearish momentum is weakening.
🔹 A breakout above the wedge and over the $2.51 Fibonacci level could lead to a rally toward $3.40.

🔹 However, a break below the lower trendline would invalidate the bullish setup.

🧠 Summary
If Ripple’s RLUSD manages to capture half of the stablecoin market, XRP could become one of the top-performing crypto assets in the coming years. Coupled with diminishing bearish momentum and the expectation of regulatory breakthroughs, XRP appears poised for a major long-term uptrend.

#xrp , #Ripple , #CryptoPredictions , #RLUSD , #CryptoNewss

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