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Ripple (XRP) has recently locked 800 million XRP tokens in its escrow account, but this has not stopped the price from plummeting on the charts. Meanwhile, IntelMarkets (INTL) is preparing for a pump, potentially delivering massive gains to early investors. This coin could recoup the losses incurred from the XRP dip.
Ripple Relocks 800 Million Coins, Yet XRP’s Price Plunges
Prominent large transaction tracker Whale Alert confirmed that Ripple had relocked 800 million XRP tokens in its escrow account. The San Francisco-based firm relocked these coins in three separate transactions, comprising 500 million, 200 million, and 100 million XRP tokens.
This move came on the back of the firm initially unlocking 1 billion XRP coins from its escrow account for October 2024. The 1 billion XRP was transferred to two of the company's wallets – rw2hzL…JWg3wY and rDqGA2…mKxEsF.
The report shows that Ripple transferred 500 million XRP from rDqGA2…mKxEsF to rDdXi…FWeCK a few hours after the transaction. The company also moved 300 million XRP from rw2hzL…JWg3wY to rKDvg…co2op during the same period.
Ripple has now locked these funds across three transactions, amounting to 80% of the 1 billion XRP rolled out on October 1, 2024. With the latest transactions, the firm now holds only 200 million XRP valued at $120.4 million coins from the 1 billion.
Whenever it wants, the San Francisco company could sell these coins to cover specific expenses. Despite this, XRP is down 12.57% in the last 24 hours, with the asset trading at $0.52.
IntelMarkets Prepares to Surprise Investors With Unprecedented Gains
IntelMarkets is set to reward early investors with stunning profits as the presale token gears up for another leg up. During this move, early investors will amass more than enough gains to cover the losses incurred when XRP dipped.
IntelMarkets is a crypto perpetual exchange offering a well-equipped platform to trade futures contracts. It enables traders to speculate on the future prices of several digital assets without the limitations of expirations.
Gaining attention for its dual-chain architecture, IntelMarkets provides users with flexibility and scalability, improving the trading experiences of every user.
With Ethereum and Solana blockchains integrated, traders can choose their preferred chain to trade on, enjoying the speed and cost-effectiveness the latter provides and the robust ecosystem of DeFi applications the former offers.
With one of its goals being to unleash the full potential of trading opportunities, IntelMarkets offers users incredible leverage options reaching 1,000x, allowing them to realize maximum profits from any asset traded. Users can also borrow liquidity, copy expert trades, and access restricted trades.
What’s more, IntelMarkets incorporates artificial intelligence resources, including self-learning robots, to automate trades on behalf of users. Not only that, traders will be able to take advantage of over 1,000 technical analyses done by in-house experts with impressive track records.
INTL, its native token, just entered Stage 3 of its public presale at $0.027, with investors bagging 200% profit from its upward movements since the presale kicked off. Now, another opportunity has surfaced to realize a 300% gain as INTL marches towards $0.11, its final presale price, but the key is to participate in the presale now.
XRP Investors Jump Ship to INTL!
As XRP's price declines, investors turn their attention to INTL, joining its presale while it is still early to capitalize on potentially enormous gains. Experts believe that INTL will deliver more than tenfold its presale returns following its exchange debut.
With these gains ahead, INTL has presented itself as a palatable investment alternative to XRP investors after recent losses.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
