{"id":15476,"date":"2025-02-28T10:02:06","date_gmt":"2025-02-28T10:02:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=15476"},"modified":"2025-02-28T10:02:06","modified_gmt":"2025-02-28T10:02:06","slug":"ripple-xrp-price-crash-pi-network-pi-volatility-and-more-bits-recap-feb-28","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=15476","title":{"rendered":"Ripple (XRP) Price Crash, Pi Network (PI) Volatility, and More: Bits Recap Feb 28"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li data-start=\"0\" data-end=\"166\">\n<p data-start=\"2\" data-end=\"166\">XRP recorded a 10% daily drop, with the broader market collapse adding pressure and sparking concerns about the end of the bull cycle.<\/p>\n<\/li>\n<li data-start=\"0\" data-end=\"166\">\n<p data-start=\"2\" data-end=\"166\">Pi Network\u2019s native token bucks the bearish trend, surging 250% in a week, with speculation about a Binance listing fueling optimism.<\/p>\n<\/li>\n<li data-start=\"0\" data-end=\"166\">\n<p data-start=\"2\" data-end=\"166\">Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), face steep declines as the SEC\u2019s recent statement cast doubt on their utility and increase investor caution.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2\" data-end=\"166\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/Recap_CB-3.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-385307\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/Recap_CB-3.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/Recap_CB-3.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/Recap_CB-3-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/Recap_CB-3-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/Recap_CB-3-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/Recap_CB-3-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/p>\n<h2><span data-preserver-spaces=\"true\">XRP Struggles to Float Above $2<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The cryptocurrency market\u2019s collapse has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/bitcoin-dumps-below-80k-as-trade-war-tensions-escalate\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">escalated<\/span><\/a><span data-preserver-spaces=\"true\"> in the past 24 hours, with countless digital assets plunging by double digits. Ripple\u2019s XRP is among the biggest losers, tanking by 10% on a daily scale. It traded slightly above $2 over the past several hours before tanking below that psychological level (according to CoinGecko\u2019s data).<\/span><\/p>\n<figure id=\"attachment_385306\" aria-describedby=\"caption-attachment-385306\" style=\"width: 571px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-10.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-385306\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-10.png\" alt=\"XRP Price\" width=\"571\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-10.png 832w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-10-300x210.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-10-768x538.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-10-50x35.png 50w\" sizes=\"auto, (max-width: 571px) 100vw, 571px\"><\/a><figcaption id=\"caption-attachment-385306\" class=\"wp-caption-text\">XRP Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">While some industry participants believe the bull cycle might be over, some factors suggest that a resurgence is not out of the question.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">One element that could bring back the green candles is the eventual resolution of the lawsuit between Ripple and the US Securities and Exchange Commission (SEC). The case remains ongoing for more than four years after its start, but some <\/span><span data-preserver-spaces=\"true\">important<\/span><span data-preserver-spaces=\"true\"> developments signal that its outcome could be just around the corner.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For instance, the regulator has recently suspended lawsuits against some crypto entities, including <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/coinbase-ceo-boasts-about-sec-lawsuit-dismissal-is-ripple-next\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">Coinbase<\/span><\/a><span data-preserver-spaces=\"true\">, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/uni-defies-market-sentiment-as-sec-closes-uniswap-labs-investigation\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">Uniswap<\/span><\/a><span data-preserver-spaces=\"true\">, and others. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> has caused speculation that the legal battle against Ripple might be the next to <\/span><span data-preserver-spaces=\"true\">be dismissed<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Some experts<\/span><span data-preserver-spaces=\"true\">, though,<\/span><span data-preserver-spaces=\"true\"> have argued that the <\/span><span data-preserver-spaces=\"true\">complexity of the case<\/span><span data-preserver-spaces=\"true\"> might be a hurdle.<\/span><span data-preserver-spaces=\"true\"> The popular US lawyer Jeremy Hogan <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/ripple-v-sec-lawsuit-heres-why-a-quick-resolution-is-unlikely\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">said<\/span><\/a><span data-preserver-spaces=\"true\">:<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cThe SEC broke up with Coinbase after a couple of dates. Ripple and the SEC live together and have a baby.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">He thinks dismissing the lawsuit against the company is unlikely, <\/span><span data-preserver-spaces=\"true\">forecasting<\/span><span data-preserver-spaces=\"true\"> a settlement instead.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">PI\u2019s First Trading Days<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Contrary to the bearish environment in the crypto market in the last several days, the native token of Pi Network has charted impressive gains. <\/span><span data-preserver-spaces=\"true\">It has surged by over 250% <\/span><span data-preserver-spaces=\"true\">on a weekly scale<\/span><span data-preserver-spaces=\"true\">, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/pi-network-pi-explodes-by-35-daily-reaching-a-new-ath-is-the-bull-run-just-starting\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">reaching<\/span><\/a><span data-preserver-spaces=\"true\"> an all-time high of almost $3 on February 27 and <\/span><span data-preserver-spaces=\"true\">currently<\/span><span data-preserver-spaces=\"true\"> trading at roughly $2.13.<\/span><\/p>\n<figure id=\"attachment_385305\" aria-describedby=\"caption-attachment-385305\" style=\"width: 571px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/PI-.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-385305\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/PI-.png\" alt=\"PI Price\" width=\"571\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/PI-.png 832w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/PI--300x210.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/PI--768x538.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/PI--50x35.png 50w\" sizes=\"auto, (max-width: 571px) 100vw, 571px\"><\/a><figcaption id=\"caption-attachment-385305\" class=\"wp-caption-text\">PI Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Some market observers believe PI\u2019s rally has yet to reach its full potential. They based the prediction on the assumption that Binance is about to list the token on its platform.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Not long ago, the biggest crypto exchange\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/binance-listing-pi-token-soon-community-has-the-final-say\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">held a community vote<\/span><\/a><span data-preserver-spaces=\"true\"> to determine whether its users would want to see PI available for trading. The results became official <\/span><span data-preserver-spaces=\"true\">on February 27<\/span><span data-preserver-spaces=\"true\">, with over 86% of the voters clicking the \u201cyes\u201d option.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Memes Bleed Heavily<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Last <\/span><span data-preserver-spaces=\"true\">but not least<\/span><span data-preserver-spaces=\"true\">, we will touch upon the meme coin niche, which is also <\/span><span data-preserver-spaces=\"true\">deeply<\/span><span data-preserver-spaces=\"true\"> covered in red. Leading tokens like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Official Trump (TRUMP) have collapsed by double digits in the past 24 hours alongside the overall market slump.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The poor performance comes <\/span><span data-preserver-spaces=\"true\">shortly<\/span><span data-preserver-spaces=\"true\"> after the SEC <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cnbc.com\/2025\/02\/27\/sec-says-most-meme-coins-are-not-securities.html\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">classified<\/span><\/a><span data-preserver-spaces=\"true\"> most meme coins as non-securities. At the same time, the agency claimed that these tokens \u201ctypically have limited or no use or functionality,\u201d warning investors that they sit at the furthest end of the risk spectrum.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/ripple-xrp-price-crash-pi-network-pi-volatility-and-more-bits-recap-feb-28\/\" rel=\"nofollow\">Ripple (XRP) Price Crash, Pi Network (PI) Volatility, and More: Bits Recap Feb 28<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR XRP recorded a 10% daily drop, with the broader market collapse adding pressure and sparking concerns about the end of the bull cycle. Pi Network\u2019s native token bucks the bearish trend, surging 250% in a week, with speculation about a Binance listing fueling optimism. Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-15476","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15476"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15476\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}