Global #Profit-taking

TRON (TRX) experienced a rare event this week as long-term holders cashed out nearly $1.4 billion worth of profits in a single 24-hour period.

The recent rally in XRP, which has seen its price surge over 500% to a high of $3.11 in the past nine months, has placed nearly 94% of its circulating supply into a profitable position.

The price of Pudgy Penguins (PENGU) has recently dropped by over 11%, even after the meme coin briefly surpassed all other Solana meme coins by market capitalization.

XRP experienced a significant rally between August 3 and August 4, surging 6% from $2.83 to a peak of $3.03. This upward momentum was fueled by strong institutional trading volume, which exceeded 110 million during its peak hours.

XRP recently soared to an impressive multi-year high of $3.66 on Friday, demonstrating significant bullish momentum.

Cardano (ADA) has staged a significant recovery, climbing 34% in the past two weeks after finding support at $0.80. This level, coinciding with the March 2024 peak, has proven crucial for ADA's resurgence.