[LIVE] Cryptocurrency Announcement Today – Which Crypto Will Go to the moon Next? Crypto market Is Declining, Yet Whales Continue to Accumulate Ethereum While XRP Price Tests Support Level Again

Another day brings another Trump’s latest tariff strategy. The crypto market seems fatigued and has not responded favorably to this update. U.S. President Donald Trump has enacted an executive order to reinstate ‘reciprocal tariffs’ ranging from 10% to 41% on imports from 69 nations, as well as increasing tariffs on select Canadian products due to drug-trafficking concerns. Canada’s tariffs will be implemented on August 1, and others will follow on August 7. Overall, the crypto market remains resilient, with significant altcoins testing pivotal base level levels. It may be intriguing to determine which cryptocurrency could surge once the situation stabilizes.

The tariff announcements coincided with a decline in global risk assets. In the past 24 hours, more than $570 million in crypto long positions were liquidated, with Ethereum and Bitcoin suffering the most significant impacts. Concerns about rising inflation and stricter trade dynamics led to a widespread trading market dump. Despite this, experienced investors are looking beyond the headlines, examining on-chain metrics for indications of a recovery.

DISCOVER: Top 20 Cryptocurrencies to Invest in 2025

Next Cryptocurrency to Surge? Whales Accumulate ETH as XRP Tests Base level

As spot prices declined, big investor wallets discreetly acquired additional Ether. In the last week, 12 new large holders have gathered approximately 790,000 Ethereum (worth about $2.9 billion) to their portfolios. Two of these newly created wallets alone purchased 68,300 Ethereum ($252 million) just eight hours ago. This consistent accumulation indicates that major players perceive value in retaining Ethereum amidst short-term fluctuations.

Whales continue to accumulate $ETH!

Two new wallets added another 68,297 $ETH($252M) 8 hours ago.

Since July 9, 12 new wallets have accumulated a total of 790,449 $ETH($2.92B). pic.twitter.com/hcNiJTN9xz

— Lookonchain (@lookonchain) August 1, 2025

Meanwhile, XRP’s price is retesting a crucial base level level around $2.95. After reaching a peak of nearly $3.66, XRP has retraced back to this horizontal zone first tested in March and May. If buyers defend the $2.95 mark, XRP may rebound toward $3.20 or higher. However, a drop below this level could push the price down to the next support at approximately $2.65.

Amid the tariff-induced dump and robust ETH accumulation, traders are divided on which asset is poised for the next significant surge. Bulls highlight the activities of whales and XRP’s support rebound as potential indicators for a quick recovery. Conversely, skeptical traders caution that ongoing macroeconomic uncertainties and continuing liquidations could exert downward pressure on prices.

For now, monitor on-chain flows and technical levels closely. If ETH continued to be accumulated and XRP remains above $2.95, these factors could serve as catalysts for the next digital currency to soar once the crypto market stabilizes.

52 minutes ago

Bankrcoin (BNKR) Reaches 100M Marketcap: What Happened?

By Fatima

Bankrcoin (BNKR) has seen its crypto market cap double since our initial report. Following its listing on Coinbase, the token surged over 100% and now boasts a market cap exceeding 100M.

With Coinbase’s base level and full Baseapp integration, BNKR has secured a 14% crypto market share. It now outperforms coins such as Fartcoin, Wrecked, Virtuals, OpenLedger, and Monad, as reported by CookieDAO. How did this occur?

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The article [LIVE] Crypto News Today – Next Crypto To Explode? Market Is Down But Whales Keep Accumulating Ethereum As XRP Price Retests Support Level first appeared on 99Bitcoins.