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XRP (XRP) whale transactions have seen a remarkable increase recently, spiking by a massive 198% over the past 24 hours, as the cryptocurrency witnessed massive selloffs that have plummeted its price to the $0.51 support level. Data from Santiment validates this observation, indicating a surge in XRP whale engagement. Notably, whale transactions valued at least $100,000 exhibited a significant downturn on Jan. 27 and 28, falling below both the 400 threshold and the monthly average. XRP price, social volume and whale activity – Jan. 31 | Source: Santiment However, these transactions saw a mild uptick on Jan. 29, as XRP capitalized on the latest Bitcoin (BTC) resurgence to the ground for a potential trend reversal. The asset eventually retested $0.54 for the first time in a week. Amid this upswing, transactions worth at least $100,000 rose to 613 on Jan. 29. However, XRP encountered formidable resistance at the $0.54 psychological territory, resulting in a substantial decli...

NFT collectibles company Dapper Labs has said goodbye to another 51 employees only months after a 20% staff reduction in February. Nonfungible token collection and technology firm Dapper Labs has announced its third round of staff layoffs in less than a year. On July 13, Dapper Labs CEO Roham Gharegozlou announced that the firm has said goodbye to “51 brilliant colleagues and friends.” In a note to employees, he said that the latest round of cuts includes full-time staff and C1 contractors. “The decision was incredibly difficult because of the amazing people affected,” he said before adding that it was necessary and the right thing to do to “ensure a lean and efficient” company. Gharegozlou however reiterated that the Dapper Labs and Flow remained “well capitalized” before adding: “With this restructure we have made the business more lean, which is going to let us do the right thing for our fans and grow our communities in the most healthy ways possible.” We said goodbye to 51 bril...