After the approval of Bitcoin and Ethereum ETFs, issuing companies applied for ETFs for many altcoins such as XRP and Solana. While the SEC continues its review process for altcoin ETFs, these applications are expected to be approved in September or October. However, one of the most striking aspects of altcoins is that the largest asset manager, BlackRock, did not apply for an ETF for any altcoin other than BTC and ETH. However, ETF Store President Nate Geraci stated that there is a high probability that BlackRock will apply for a spot ETF for XRP and Solana. In an interview with Thinking Crypto, Geraci said it would make sense for BlackRock to offer ETFs for XRP and other major altcoins like Solana. Geraci warned that BlackRock was late to join the race, noting that other asset managers like Bitwise, Franklin, and Grayscale are still applying for XRP and Solana ETFs. Noting that BlackRock is waiting for a clearer regulatory framework, Geraci said: “We are nearing the finish line and BlackRock still hasn't filed. However, I believe BlackRock will act at the last minute and apply for both spot XRP and Solana ETFs. I think they are just waiting for a formal regulatory framework to be published before applying.” Finally, Geraci added that there was a steady and strong demand for futures-based XRP and Solana ETFs even before the spot ETFs were launched. *This is not investment advice. Continue Reading: What Does Global Giant BlackRock Await for XRP and Solana ETF Applications? ETF Expert Explains!
TL;DR XRP gains 9% daily after Ripple settles with SEC, boosting confidence across crypto markets. Whale wallets show mixed signs; exchange reserves fall while large transfers remain unusually high. XRP holds above $3.20 support with bullish momentum; RSI nears overbought, but trend still intact. The following presents multiple Ripple (XRP) price predictions given the above context. Ripple (XRP) Price Predictions: The Context In the last 24 hours, XRP has posted a sharp move higher. At the time of writing, the token trades around $3.31, representing a 9% daily gain. The price increase places XRP just below its yearly high of $3.65, a level touched three weeks earlier. For the week, XRP is now up more than 13%. During this period, the price has fluctuated between $2.77 and $3.36, while the past day saw a range between $3.03 and $3.37. Daily trading volume is also up, with more than $9.9 billion exchanged across major platforms. Notably, these movements come directly after Ripple finalized a legal settlement with the United States Securities and Exchange Commission. The deal ended a lengthy legal case that started in 2020. No further appeals will follow. With the case now behind the company, many traders and investors have adjusted their outlook on XRP. Market Responds to Institutional Activity Soon after the legal resolution became public, transaction monitors flagged a large XRP transfer. More than 16.6 million XRP, valued at over $55 million, moved to Coinbase from an unrecognized wallet. This transfer was one of the largest seen in recent months. Interestingly, the transaction coincided with a surge in trading volume. Price moved quickly through areas of prior resistance. XRP cleared the $3.10 to $3.15 zone with high volume. Buying pressure has been steady, supported by higher-than-normal inflows during the early hours of trading on August 8. This price strength has been attributed to renewed interest from institutional traders. Technical Picture: Holding Support, Aiming Higher Charts suggest XRP is still within a bullish structure. The price broke out of a falling wedge pattern that had formed after a mid-July peak. The breakout occurred near $3.07, which lines up with the 0.786 Fibonacci retracement level. A quick move followed, pushing the token up to $3.35 before slight retracement. Now, the token is consolidating near $3.31. This price region is close to the 0.618 Fibonacci level, which has acted as a key zone in previous cycles. If the market holds above $3.20, there may be enough momentum to challenge $3.65 again and even push toward $4. Source: TradingView Support is currently found at $3.20 and $3.00. If the XRP price fails to hold these levels, a deeper pullback could reach the $2.72 area. This level previously saw strong demand in late July and may act as a base if needed. The Relative Strength Index (RSI) is now at 67.9. This level shows growing buying interest but is not yet in overbought territory. If RSI moves past 70, traders may expect consolidation before any continuation. Earlier, market analyst Ali Martinez pointed to a successful breakout from the 0.786 to the 1.414 Fibonacci extension. That target near $3.34 has now been met, indicating the pattern played out with precision. This may help chart future targets if volume remains steady. Source: X Whale Moves Create Mixed Sentiment On-chain data from CryptoQuant shows that large XRP holders have been active. In the first week of August, the XRPL Whale Flow indicator turned negative. This metric tracks the difference between inflows and outflows from large wallets. A negative reading suggests more tokens are being moved out than added. Source: CryptoQuant On July 31, analysts recorded over 51,000 large transactions on the network. Four days later, the figure remained high at 38,000. Earlier this year, a similar pattern came before a price drop from $3.40 to around $1.60. That move also saw a spike in large transfers, signaling distribution among major holders. However, not all movement from whales points to selling. Data also shows that total exchange reserves have fallen. Between July 24 and August 7, XRP held on centralized exchanges dropped from 3.02 billion to 2.3 billion. When large amounts of a token are removed from exchanges, it often suggests holders are choosing to store assets rather than trade them. If this trend continues, it may lower available supply and ease some of the selling pressure. Still, this must be weighed against high-frequency activity from whale accounts, which may signal further repositioning. Transaction Activity Picks Up After XRP’s Price Surge The network value to transactions (NVT) ratio, a measure comparing market cap to on-chain volume, has recently shifted. On August 7, XRP’s NVT ratio reached 225, reflecting a sharp rise in price while transaction activity lagged behind. As of the latest data, the NVT has pulled back to 177.5, a drop of over 21%. This decline suggests that on-chain usage is starting to catch up with market valuation. The earlier spike in the ratio raised concerns that XRP might be outpacing its real-time utility. The recent drop eases some of those concerns. Source: CryptoQuant This change may signal better alignment between how much XRP is being moved and how the market is valuing it. In previous cycles, a high NVT ratio often came before price corrections. This time, however, the lower reading could mean network activity is recovering after the price jump, supporting the current range. Do XRP Price Predictions Make Sense? Price forecasts are often based on technical patterns and market conditions more generally. For XRP, the end of the SEC lawsuit removes one of the key unknowns that had weighed on its valuation. Short term price predictions may be beneficial, but they are very susceptible to the day-to-day market fluctuations, news activities, and trading patterns. XRP’s market remains highly reactive to both external developments and on-chain behavior. Several aspects such as liquidity, macro market trends, and investor sentiment should be always termed in predictions. How Are Ripple Price Predictions Made? Forecasts for XRP come from a mix of technical, fundamental, and on-chain tools. Support and resistance, Fibonacci retracements, and moving averages are commonly used by chart analysts to project possible ranges. Breakout patterns such as triangles or flags as well as volume and volatility are also common. On-chain signals such as the whale flows, exchange balances, and volume can be used to gauge what the big fish players are up to, and whether tokens are being stacked up or unstocked. Together with their technical patterns, these signals may be able to give a more complete picture. Fundamentally, traders monitor the progress made in the business processes of Ripple, collaboration with other properties, as well as changes in regulation. As a matter of legal clarity, it can be expected that the focus will move on the adoption rates and institutional use, particularly on cross-border payment corridors. The post Ripple (XRP) Price Predictions: $4 in Sight After Ripple’s SEC Victory? appeared first on CryptoPotato .
BitcoinWorld Cumberland ETH Transfer: Unpacking the Monumental $52M Coinbase Institutional Move A colossal movement in the crypto world recently caught the attention of market observers: a significant Cumberland ETH transfer totaling approximately $52 million. This substantial transaction, involving 13,314 ETH, was directed to Coinbase Institutional, sparking widespread discussion about its implications for the broader cryptocurrency landscape. Such large-scale transfers by institutional players like Cumberland often signal more than just a change of custody. Instead, they typically point towards active trading strategies or strategic rebalancing of portfolios. Let us delve deeper into what this monumental move might mean for the market. What Does This Cumberland ETH Transfer Signify? On-chain data, specifically from Whale Alert on X, highlighted this particular transaction. The address linked to Cumberland, a prominent player in institutional crypto, moved a considerable sum of 13,314 ETH, valued at roughly $51.9 million at the time of the transfer. This immediate destination was Coinbase Institutional. Why is this important? When funds move to an institutional trading platform like Coinbase Institutional, it generally suggests an intent to engage in trading activities. This differs from moving assets to a cold storage wallet, which indicates long-term holding or custody. Therefore, this Cumberland ETH transfer strongly implies an active strategy. It suggests that Cumberland is preparing to execute trades, potentially contributing to market liquidity or taking a new position. This is a common practice within the realm of crypto institutional trading , where large volumes are handled with precision. Decoding the Whale Alert ETH Movement Whale Alert serves as a crucial resource for tracking significant cryptocurrency transactions. Their timely notifications provide transparency into the movements of large sums of digital assets, offering insights into potential market shifts or strategic maneuvers by major entities. The reporting of this Whale Alert ETH movement underscores the importance of on-chain analytics. It allows market participants to observe the actions of institutional players, which can sometimes precede significant price action or changes in market sentiment. Understanding these flows is vital for anyone tracking the crypto market. A large ETH movement like this can also influence short-term market dynamics. For example, if the ETH is intended for sale, it could temporarily increase selling pressure. Conversely, if it’s for purchasing other assets, it could signal demand. However, the exact intent remains speculative without further information from Cumberland. Implications for Institutional Crypto Trading The choice of Coinbase Institutional as the recipient platform is significant. Coinbase Institutional is a well-regarded platform specifically designed for institutional clients, offering high-volume trading, advanced tools, and robust security. It facilitates large block trades that would be difficult or impossible on retail exchanges. The consistent use of platforms like ETH Coinbase Institutional for substantial transfers highlights the growing maturity of the institutional crypto landscape. These entities require specialized services to manage their significant capital and complex trading strategies efficiently and securely. This transfer reinforces the narrative that institutional players are increasingly active and sophisticated in their engagement with digital assets. Their participation adds depth and liquidity to the market, which is crucial for its overall development and stability. Navigating Large ETH Movements: Challenges and Opportunities While such large transfers are routine for institutions, they do come with their own set of considerations. Executing a significant trade without causing undue market impact requires careful planning and access to deep liquidity pools, which platforms like Coinbase Institutional provide. For market observers, tracking these movements offers an opportunity to gain insights into potential market trends. However, it is crucial to remember that a transfer does not automatically equate to a sale or purchase. It merely indicates preparation for activity. Key takeaways for understanding such transfers include: Not always a sale: A transfer to an exchange doesn’t guarantee an immediate sell-off. Liquidity provision: Institutions might be adding liquidity to the market. Strategic rebalancing: Portfolios are constantly adjusted based on market conditions. Market signaling: Large movements can sometimes precede significant news or developments. What Can We Learn from the Cumberland ETH Transfer? The Cumberland ETH transfer underscores the ongoing and evolving role of institutional capital in the cryptocurrency ecosystem. It serves as a reminder that major players are actively managing their digital asset portfolios, often leveraging specialized platforms to execute their strategies. These movements, while not always predictive of immediate price action, certainly paint a picture of a dynamic and increasingly professionalized crypto market. They highlight the sophisticated nature of institutional involvement, moving beyond simple custody to active, strategic trading. The continuous flow of assets between institutional wallets and trading platforms is a healthy sign of market activity and liquidity. It signifies confidence and continued engagement from some of the largest players in the crypto space, shaping the future of digital finance. Frequently Asked Questions (FAQs) What was the recent Cumberland ETH transfer? A Cumberland-linked address moved 13,314 ETH, valued at approximately $51.9 million, to Coinbase Institutional. This significant transaction was reported by Whale Alert on X. What is Coinbase Institutional? Coinbase Institutional is a platform designed for large institutional clients, offering services like high-volume trading, custody, and advanced analytics for cryptocurrencies. It facilitates secure and efficient execution of large block trades. Does this large ETH movement mean the price of Ethereum will change? While a large ETH movement to an exchange can precede trading activity, it does not guarantee an immediate price change. The intent behind the transfer (e.g., selling, buying other assets, providing liquidity) determines its market impact. It is one data point among many for market analysis. How do we know about these large crypto transfers? Platforms like Whale Alert monitor public blockchain data for significant transactions, providing real-time notifications. Since blockchain transactions are transparent, large movements can be tracked and reported. Why do institutions use platforms like Coinbase Institutional for such transfers? Institutions require specialized services for security, compliance, liquidity, and efficient execution of large trades that retail platforms cannot provide. Coinbase Institutional offers the infrastructure necessary for sophisticated institutional crypto trading. Did you find this analysis of the Cumberland ETH transfer insightful? Share this article with your network on social media to help others understand the dynamics of institutional crypto movements! To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum institutional adoption . This post Cumberland ETH Transfer: Unpacking the Monumental $52M Coinbase Institutional Move first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin’s price dropped to $113,000 after failing to break through resistance near $116,000. The move followed a short recovery attempt, which was cut short by renewed market uncertainty. The broader crypto market also turned red. Several large-cap assets, including XRP, Solana, and Toncoin, registered losses. Pi Network, after a short period of price stability, saw another drop. BONK and PENGU recorded some of the largest declines of the day. Continued pressure from global economic concerns and policy uncertainty has kept volatility high. Amid the market dip, attention is shifting to early-stage projects. Some of these are still showing steady performance, particularly the WeWake crypto presale . WeWake Presale Maintains Momentum in Stage 7 WeWake Finance remains on track in its new token presale, with over $550,000 raised out of a $560,000 goal. The WAKE token is priced at $0.0190. Once Stage 7 ends, the price will increase to $0.0205 in Stage 8. The platform is designed for simple and fast access. It removes the need for users to manage wallets, seed phrases, or gas fees. Instead, it uses social login features and automated smart wallets to let users interact with apps right away. These steps make blockchain more accessible for everyday users. Whitepaper is out 📃 WeWake isn’t built on someone else’s chain – it is the chain. Zero gas. Smart wallets. Onboarding without wallets or seed phrases. Because UX can’t be fixed from the surface. 👉 https://t.co/orzNP2KTCu pic.twitter.com/bKSQ78Rrtf — WeWake Finance (@wewake_finance) July 25, 2025 Meanwhile, WeWake’s structure has helped it gain traction as one of the top crypto presale options this year. The project appeals to people looking for a low-barrier entry into the web3 space, without having to navigate complex tools. WAKE Token Supply and Technical Design The total supply of WAKE is set at 308,726,951 tokens. Of that, 32% is allocated to the presale crypto round. Other portions of the supply are divided across the platform’s growth strategy: 14% to ecosystem incentives, 12% to the treasury and governance, and 10% to user rewards. Remaining allocations include 8% for liquidity, 7% for staking emissions, 7% for marketing, 5% for the team, and 5% for a strategic reserve. This distribution is aimed at long-term network support and ecosystem growth. Source: WeWake WeWake operates on a Layer 2 zk-rollup blockchain. It uses ERC-4337 smart wallets that are automatically created during onboarding. Users don’t need to install extensions or fund wallets. A built-in Paymaster system covers transaction fees. A public testnet and developer tools are scheduled for early 2026 to support builders. New Crypto Presale Shows Strength in Weak Market While the market reacts to Bitcoin’s pullback and widespread losses among altcoins, the WeWake presale continues without disruption. Its model stands out by focusing on real usage rather than price speculation. With fewer steps required to join, WAKE is gaining interest across the web3 crypto presale space. The platform is designed to allow quick access to apps, making it easier for both users and developers to participate. Final Thoughts As Stage 7 approaches completion, WeWake is moving closer to its funding goal. It remains one of the most watched best crypto presale options in 2025. Despite the market slowdown, the project continues to move forward with strong interest from early buyers. The post BTC Hits $113K, Pi Dumps, But WeWake Presale Holds Strong appeared first on TheCoinrise.com .
South Korea has launched a task force that includes some of its biggest companies to establish a national foundational AI model. The model will include domestic technology, as the country tries to keep pace with the U.S. and China in the AI race. Korea’s Ministry of Science and ICT (MSIT) revealed on August 4 that the country selected five consortia to develop the project. The five elite tech teams include Naver, LG AI Research, SK Telecom, NC AI, and Upstage. Seoul invests 530 billion won in its AI foundation model The government will invest roughly 530 billion won ($383 million) in the AI foundation model, which it expects will be established by 2027. 450 billion won will be allocated for GPU support, 62.8 billion won for securing AI training data, and roughly 25 billion won for talent recruitment. South Korea also plans to use 100 billion won to leverage public data from institutions, including the National Archives and the National Institute of Korean History. Another 200 billion won will be used for high-quality broadcast video datasets to support AI training. The ministry said the five consortia will be branded as “K-AI Models” and “K-AI Companies” at an upcoming kickoff ceremony. Kim Kyung-man, director of AI policy at the ministry, said the government will evaluate each team’s AI model every six months, eliminating one team at a time until only two remain by 2027. Science Minister Bae Kyung-hoon acknowledged that each team has proven its ability to develop efficient AI models. He added that the initiative is a turning point for Korea’s digital sovereignty and the future of its AI industry. The project is meant to leverage the technology that some of South Korea’s companies develop, which is crucial in the artificial intelligence sector. One of those firms, such as SK Hynix , supplies dynamic random-access memory (DRAM) chips and flash memory chips. The company’s high-bandwidth memory (HBM) is also crucial to Nvidia’s products. “This means the country possesses the entire AI stack, from chips to cloud to AI models, and also benefits from a robust community of advanced AI researchers who are actively publishing papers and securing patents.” -Nick Patience, VP & AI Practice Lead at The Futurum Group. South Korea also plans to include other foreign companies in the consortia. Companies like Nvidia , known best for training AI models, will help with its graphics processing units (GPUs). Nvidia’s GPUs are found in SK Telecom’s Titan supercomputer, which will be used to train the models and the AI data center it is developing. South Korea seeks to become a top-three AI leader globally Seoul plans to include the country’s technologies to run the project, from semiconductors to software. It also aims to create a near self-sufficient AI industry and position itself as an alternative to the U.S. and China. South Korea’s President Lee Jae-myung has advocated to make the country one of the world’s top three AI leaders. Tortoise Media’s annual Global AI Index currently positions the country sixth globally in AI capability as of 2024. Korea’s telecommunication giant, SK Telecom, will include Krafton and Rebellions among other companies in its consortia. Kim Taeyoon, Foundation Model Manager of SK Telecom, acknowledged that South Korea is transitioning in its technology development. He noted that the country focuses on ensuring it lays the technical foundation to be competitive at the national level. Taeyoon believes several South Korean companies would excel in the AI industry. He said the country already sees the possibility that it’s capable of creating a good AI stack. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
Bitcoin briefly rebounded above $117,000 after President Donald Trump’s surprise appointment of pro-crypto economist Stephen Miran.
Jason Pizzino anticipates a significant upsurge in Bitcoin's future. USDT dominance breaking below a threshold is seen as crucial for momentum. Continue Reading: Bitcoin Eyes Significant Surge: Analysis on Future Market Dynamics The post Bitcoin Eyes Significant Surge: Analysis on Future Market Dynamics appeared first on COINTURK NEWS .
Excitement over a potential BlackRock iShares XRP ETF is sweeping through the crypto space, sparked by renewed legal clarity for Ripple and high-profile commentary from industry voices. The conversation took off following the official dismissal of all appeals in the Ripple vs. SEC case, and was amplified by influential figures such as ETF expert Nate Geraci and crypto personality Elio. Nate Geraci Weighs In on XRP ETF Possibility Nate Geraci, President of The ETF Store and a trusted voice in the investment community, took to X to share his thoughts on what might come next. Referencing the finalized court filing that ended Ripple’s years-long legal battle with the SEC, Geraci wrote, “Yes, I think BlackRock was waiting to see this before filing for iShares XRP ETF… I’ll own it if I’m wrong.” He added that it makes “zero sense” for BlackRock to focus exclusively on Bitcoin and Ethereum, noting that such a strategy would effectively imply those are the only crypto assets with lasting value—an outlook he called “bold.” Yes, I think BlackRock was waiting to see this before filing for iShares XRP ETF… I’ll own it if I’m wrong. IMO, makes *zero* sense for them to ignore crypto assets beyond btc & eth. Otherwise, they’re basically saying btc & eth are only ones that will ever have value. Bold. pic.twitter.com/FtBqMRFpOl — Nate Geraci (@NateGeraci) August 8, 2025 Elio Fuels Momentum with Bold Claim Popular crypto influencer Elio has added further energy to the discussion. In a widely shared post, he claimed, “Just in: BlackRock might apply for an XRP ETF as soon as next week.” While Elio did not provide additional sources or evidence, the timing of his post—right after the legal case was officially closed—drew significant attention from the XRP community. Though still unconfirmed, the news gained traction quickly across social media, reinforcing growing speculation that institutional players may now be eyeing XRP more seriously. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Legal Clarity Opens the Door The buzz follows a major turning point for Ripple. On August 7, 2025, Ripple and the SEC filed a joint motion to dismiss their appeals, officially concluding the legal case that began in late 2020. The court had already ruled in 2023 that XRP is not a security in secondary market sales, and this final dismissal removes the last layer of legal uncertainty. With the case closed, analysts believe institutions like BlackRock are more likely to explore new ETF opportunities involving XRP. What Comes Next? There is currently no confirmation from BlackRock about plans to file for an XRP ETF , and no SEC filings have been made public. However, given BlackRock’s track record—having already launched Bitcoin and Ethereum ETFs—many believe it’s only a matter of time. For now, Geraci and Elio’s posts remain speculative but highly influential. With legal clarity in place and investor interest rising, the door appears wide open for XRP’s next big institutional breakthrough. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post BlackRock’s Interest In XRP ETF Goes Viral. Here’s the Latest appeared first on Times Tabloid .
More on LM Funding America LM Funding America, Inc. (LMFA) Q1 2025 Earnings Call Transcript LM Funding America, Inc. 2025 Q1 - Results - Earnings Call Presentation LM Funding America sees 'modestly lower' bitcoin mining in May LM Funding America outlines immersion mining expansion and $15.5M Bitcoin holdings value amid operational efficiency drive Seeking Alpha’s Quant Rating on LM Funding America
The 2025 crypto presale market is drawing increased interest, with several projects competing for early attention. Nexchain has moved into the spotlight, raising over $8.2 million in its ongoing round. The web3 crypto presale is now in Stage 25, where the price of one NEX token is fixed at $0.10. The funding target for this phase is $9.275 million. Meanwhile, this new crypto presale offers features that are bringing in both investors and developers. Nexchain is building a blockchain system from the ground up using automation tools, with the goal of creating a more adaptive and efficient environment for users. With this unique approach, the presale coin stands apart in a market where many platforms rely on inherited systems or external rollups. Nexchain operates as a Layer-1 chain, not depending on Ethereum or any other base network. This structure gives developers full control over performance and integrations. Focus on Performance and Efficiency Nexchain has stated that its system will support up to 400,000 transactions per second. This is made possible through a design that uses direct transaction routing and network partitioning. These methods allow the system to scale while keeping transaction fees low. Most L2s depend on the limitations of the chains they’re built on. Nexchain doesn’t ⚙️ As a next-gen Layer 1, Nexchain gives developers full control from the base layer – no compromises, no inherited bottlenecks. Here’s what you get with Nexchain vs typical L2s: • Independent… pic.twitter.com/u62NZ8IigP — Nexchain (@nexchain_ai) August 1, 2025 The platform uses a flat fee model, charging only $0.001 per transaction. This offers a level of predictability that other chains with variable fees often lack. For developers and users working on applications that need fast and low-cost transactions, this can offer a more stable foundation. Through its crypto presale, Nexchain is offering tools including SDKs and service modules. These are meant to support builders who want to create applications without relying on external plugins or platforms. This independence appeals to teams looking to avoid the technical limits found in other ecosystems. August Launch for Testnet and Airdrop Plan Nexchain’s testnet is scheduled for release on August 8, 2025. This test network will allow early users to interact with the system, review transaction handling, and run applications in a safe environment. It serves as a preview of the live system that will follow. An airdrop campaign will run alongside the testnet. This program is expected to reward participants based on activity and engagement. Users involved in the crypto presale may also benefit from the distribution, depending on their involvement and holdings. These developments show the project’s movement toward its next phase. For those following the web3 crypto presale market, having access to a testnet and reward plan gives them a chance to evaluate the system before full deployment. NEX Token Role and Ecosystem Use The NEX token is central to the Nexchain network. It is used for sending transactions, accessing network services, and participating in system operations. Token holders will receive 10% of the gas fees collected daily, which are shared across all active accounts. The token also plays a role in securing the network. Users who hold NEX will be able to stake it and take part in the platform’s validation system. This process supports system integrity and gives holders a way to earn ongoing rewards. As the presale coin continues to attract interest, Nexchain is offering a mix of utility, access, and reward. In a growing list of web3 crypto presale options, Nexchain is gaining traction by focusing on speed, simplicity, and function. The post Nexchain Presale Hits $8.2M with Testnet Launch in Sight appeared first on TheCoinrise.com .