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Cryptocurrency News Articles

XRP and PLUTO Might Be the Next Big Thing as Whales Accumulate and Layer-2 Solution Emerges

Feb 17, 2025 at 04:50 am

Recent whale movements show massive XRP transfers, including a 300 million XRP move from Ripple itself. With a potential XRP ETF in play, the stars might be aligning for XRP's next big move.

XRP and PLUTO Might Be the Next Big Thing as Whales Accumulate and Layer-2 Solution Emerges

Recent whale activity has seen over 430 million XRP shifted around, with one of the largest transfers being 300 million XRP moved from Ripple itself.

Meanwhile, another 40.8 million XRP was moved by Coincheck. These large transactions often indicate strategic moves by major players in the crypto world.

At the same time, Ripple CEO Brad Garlinghouse has been meeting with U.S. lawmakers to push for clearer crypto regulations. He pointed out increasing bipartisan support for new laws that could provide more clarity for digital assets.

As for predictions, crypto analyst Amonyx is bullish and says that XRP will surge past $20. Moreover, the SEC has accepted a filing for a potential XRP ETF, which could lead to greater institutional investment.

Bitcoin has long faced two major roadblocks – slow transactions and high fees. With block confirmations taking around 10 minutes, using BTC for everyday payments can be tedious.

This is where PlutoChain ($PLUTO) could come into the picture with a Layer-2 solution designed to potentially speed up Bitcoin while keeping costs low.

PlutoChain could operate on its own high-speed blockchain and bring block times of just 2 seconds. This means instant transactions, which could make Bitcoin far more practical for daily purchases, microtransactions, and global transfers.

High transaction costs have made Bitcoin impractical for small payments, but PlutoChain could change that. By potentially improving efficiency, it makes sure BTC transactions are not only faster but also more affordable.

But PlutoChain isn’t just about payments. Since it’s EVM-compatible, it might support DeFi applications, NFTs, and even AI-powered blockchain tools, which could expand Bitcoin’s role beyond just a store of value.

Its testnet has already processed over 43,200 transactions in a single day, which demonstrates its scalability.

Security is a top priority. PlutoChain has undergone audits from SolidProof, QuillAudits, and Assure DeFi to confirm its reliability.

Unlike Bitcoin’s miner-controlled model, PlutoChain introduces decentralized governance and allows users to propose and vote on upgrades—keeping the network adaptable and community-driven.

Original source:nulltx

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