{"id":13207,"date":"2025-02-14T20:32:26","date_gmt":"2025-02-14T20:32:26","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13207"},"modified":"2025-02-14T20:32:26","modified_gmt":"2025-02-14T20:32:26","slug":"xrp-price-pumps-15-as-emerging-altcoin-solaxy-raises-20m","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13207","title":{"rendered":"XRP Price Pumps 15% as Emerging Altcoin Solaxy Raises $20M"},"content":{"rendered":"
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XRP is back in the green, suddenly jumping 15% and getting crypto traders excited.<\/p>\n

The token has managed to break out of the sideways range it\u2019s been trapped in over the past ten days.<\/p>\n

But XRP might not be leading the pack for long.<\/p>\n

Solana-based Layer-2 solution Solaxy just passed the $20 million mark in its presale \u2013 and some are wondering if it could outpace XRP once it goes live.<\/p>\n

RWA Tokenization Fuels XRP\u2019s Latest Price Pump<\/h2>\n

XRP climbed as high as $2.78 during intraday trading, but has settled around $2.73.<\/p>\n

This rally has positioned XRP as the top-performing altcoin in the past 24 hours.<\/p>\n

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It\u2019s also overtaken USDT to become the third-largest cryptocurrency by market cap.<\/p>\n

Several factors are driving up demand for XRP.<\/p>\n

The main one is the initiative by Elysia<\/a>, a firm specializing in real-world asset (RWA) tokenization, to introduce these assets to the XRP ledger.<\/p>\n

Elysia has launched a new RWA Pool featuring TBill tokens backed by U.S. Treasury Bills.<\/p>\n

This pool lets users stake XRP to earn TBill tokens in return \u2013 effectively offering yield from tokenized real-world assets.<\/p>\n

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According to Elysia, this offering will begin next week and aims to increase XRP\u2019s utility within the broader financial ecosystem.<\/p>\n

In turn, it could attract investors seeking stable yield opportunities.<\/p>\n

That\u2019s why demand for XRP has spiked since it\u2019s now seen as a gateway to tokenized RWAs.<\/p>\n

XRP Derivatives Market Heats Up Amid Spot ETF Speculation<\/h2>\n

XRP\u2019s price rise is also being fueled by increasing speculation around a potential spot XRP ETF.<\/p>\n

Optimism surged after the SEC acknowledged Grayscale\u2019s filing to convert its existing XRP Trust into a spot ETF.<\/p>\n

While this isn\u2019t a guarantee of approval, it\u2019s seen as clear progress.<\/p>\n

Bloomberg ETF analysts now estimate a 65% chance<\/a> of XRP ETF approval this year, adding to the optimism.<\/p>\n

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The impact is clear in the derivatives markets, where over $10 million<\/a> in short XRP positions have been liquidated in the past 24 hours.<\/p>\n

This liquidation frenzy, along with a nearly $300 million<\/a> spike in XRP futures open interest, points to strong conviction behind the rally.<\/p>\n

It\u2019s certainly a great end to the week for XRP holders.<\/p>\n

Could Solaxy Beat XRP\u2019s Gains? Presale Hype Builds for New Solana Layer-2 Solution<\/h2>\n

XRP is clearly in a great spot \u2013 but could Solaxy<\/a> post even bigger gains later this year?<\/p>\n

That\u2019s the question many investors are asking as this new Solana Layer-2 project continues to hit milestones in its presale.<\/p>\n

Much of the early buzz is due to Solaxy\u2019s attempt to combine the fun of meme coins with serious blockchain technology.<\/p>\n

Its main selling point is a scaling solution for Solana that aims to fix the congestion issues the network has been plagued with recently.<\/p>\n

Basically, it\u2019s designed to offer a smoother user experience.<\/p>\n

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And that\u2019s also where the native SOLX token comes in.<\/p>\n

SOLX powers Solaxy\u2019s whole ecosystem and is used for things like transaction fees and governance voting.<\/p>\n

Token holders can also stake their SOLX<\/a> for market-beating yields \u2013 estimated at 195% per year.<\/p>\n

This passive income potential, combined with Solaxy\u2019s Layer-2 appeal, makes it one of the most anticipated crypto launches of early 2025.<\/p>\n

Crypto expert ClayBro<\/a> is all in on Solaxy.<\/p>\n<\/p>\n