- Ripple’s Chris Larsen transferred $175M in XRP near peak prices, raising concerns over insider selling and market pressure.
- WeWake presale crypto launches at $0.0100 with walletless, gasless onboarding ahead of its $0.15 public listing price.
- WeWake roadmap targets a Q2 2026 mainnet with ERC-4337 smart wallets, zk-rollups, and developer-focused SDK tools.
Ripple co-founder Chris Larsen is under scrutiny after moving 50 million XRP worth $175 million just before a price dip. The XRP transfer happened as the token approached $3.60, causing concerns of a large-scale sell-off by insiders. Meanwhile, the WeWake presale crypto is gaining traction, offering gasless and walletless onboarding during its live Stage 1 presale.
Ripple Co-Founder Faces Criticism for XRP Transfers
Chris Larsen, Ripple’s co-founder, recently transferred 50 million XRP to exchanges, which the community believes led to downward pressure on the token’s price. The wallet, associated with Larsen, moved XRP while prices approached a local peak, causing many traders to suspect intentional timing to benefit from the high.
According to blockchain investigator ZachXBT, around $140 million of that XRP was sent directly to centralized exchanges. This move was interpreted as an intention to sell at near-peak levels. “Wallets linked to Chris Larsen still hold over 2.81 billion XRP,” ZachXBT posted, suggesting that further market pressure is possible. XRP fell below $3.10 shortly after the transfer.
Source: ZachXBT/X
Although Larsen has not commented publicly, the transactions have sparked backlash on social media. Some users labeled the action as a “dump,” criticizing Ripple for allowing insiders to offload large amounts during bullish periods. Despite the criticism, others suggested the move could aim to diversify holdings or decentralize ownership.
WeWake Presale Crypto Gains Attention During XRP Unrest
While XRP sees volatility, the WeWake presale crypto is seeing rising interest among investors looking for alternatives. WeWake is a Layer 2 blockchain solution focused on solving crypto’s complex onboarding issues. It uses walletless logins via Google or Telegram and eliminates gas fees with a built-in Paymaster system.
WeWake is in Stage 2 of its presale, with tokens priced at just $0.0100. At launch, the listing price will be $0.15, giving early buyers a large entry advantage. The presale crypto offers utility through the WAKE token, which powers the platform’s staking, rewards, governance, and transaction sponsorship.
Developers and users can access WeWake’s smart wallets without setting up private keys or funding gas. Its ERC-4337-based smart contract wallets and zk-rollup Layer 2 scaling allow instant access to swaps, NFTs, and dApps. This makes it easier for non-technical users to enter the crypto space without the usual hurdles.
WeWake Roadmap and Tokenomics Set Long-Term Growth Plan
The WeWake roadmap outlines several development phases through 2026, starting with its current presale and ongoing product build. By Q4 2025, WeWake will roll out a public testnet, followed by a mainnet launch in Q2 2026. Features like a Telegram Mini App, NFT minting, and ecosystem grants will follow in Q3 2026.
During the testnet, users will experience walletless onboarding, gasless swaps, and integration tools for dApp developers. Security will be enhanced through zk-proofs and data availability layers like Celestia or EigenDA. The platform will also introduce governance for ecosystem upgrades and DAO treasury policies.
WeWake’s tokenomics includes a total supply of 308,726,951 WAKE tokens. Of that, 32% is allocated to the presale, while 14% supports ecosystem incentives and 12% is reserved for governance and treasury. Additional allocations go to staking rewards, marketing, and liquidity. Early-stage buyers can stake WAKE and earn rewards or participate in future decision-making processes.
The WeWake presale crypto is positioned to become a key onboarding solution for the next generation of users, especially in DeFi, NFTs, and Web2 integrations. The gasless, wallet-free model removes friction for adoption across regions, including emerging markets.
Disclaimer: This is a paid post and should not be treated as news/advice. LiveBitcoinNews is not responsible for any loss or damage resulting from the content, products, or services referenced in this press release.
The post Ripple Co-Founder Triggers XRP Sell-Off While WeWake Presale Crypto Surges appeared first on Live Bitcoin News.
Source link
