TLDR:
- PSG has become the first football club to become a protocol validator on the Chiliz network.
- Whales have moved 59 million XRP to exchanges.
- NuggetRush NFT staking gives investors 20% APY.
PSG has become the first football club to be a protocol validator on the Chiliz network. Whales have moved 59 million XRP to exchanges in the interim, although it’s unclear why.
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Whales Move 59 million XRP To CEXes
Ripple (XRP) has experienced increased whale transactions in the past week. Blockchain tracker Whale Alert revealed that XRP whales moved almost 59 million XRP to centralized exchanges in two transactions.
Bitstamp received 26.5 million XRP in the first transaction. In the second transaction, Bitso received 28.35 million XRP.
On the weekly price chart, the Ripple coin is now losing money. The altcoin price fell 6.1% from a weekly high of $0.5736 to a low of $0.5329, according to data from CoinMarketCap.
Despite this, bulls are still active at longer timescales, as the monthly and annual price charts for Ripple indicate price surges of 3.5% and 35.3%, respectively.
PSG To Become Validator on Chiliz (CHZ) Network
PSG (Paris Saint-Germain) has set a record of becoming the first football club to take up the role of a validator on the Chiliz (CHZ) network. The club will certainly provide support in the operation of the Chiliz Chain, maintaining the security, safety, and effectiveness of the network, interacting directly with the consensus procedure.
With this move, PSG’s position in the digital ecosystem is expanded; instead of only issuing tokens, it will now actively participate in the network and make choices. With this action, PSG is demonstrating its dedication to leveraging web3 technologies for fan interaction and digital innovation.
In other news, after the announcement, the Chiliz token experienced a 29.5% price pump. The token’s price increased to a peak of $0.1319 from a weekly low of $0.1084.
With this bullish momentum, Chiliz has joined the best-performing altcoins in the past week. Analysts are forecasting more gains in the coming months and have predicted a likely rise to $0.1535 in the next trading sessions.
Final Words
In conclusion, the crypto market has witnessed exciting developments, with PSG becoming a validator on Chiliz and whales moving XRP coins.
Also, NuggetRush is offering investors a chance to increase their earning opportunities through its NFT staking program. This staking program makes it the best DeFi project to go to for earning opportunities.
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