Mysterious New Whale Pulls 260,000,000 DOGE out of Robinhood, XRP ETF Delayed by SEC, 137% Shiba Inu Surge in 24 Hours: Crypto News Digest by U.Today

Dogecoin Sees Massive 260 Million DOGE Outflow from Robinhood

On May 20, blockchain data revealed a significant movement of Dogecoin from Robinhood, with 260 million DOGE—worth over $57 million—transferred out of the platform. The transactions were split into two parts: 210 million DOGE ($46 million) followed by an additional 50 million DOGE sent to the same unknown wallet. The receiving address now holds approximately 420 million DOGE, valued at nearly $92 million. While the reason behind these transfers remains uncertain, they align with a growing trend of Dogecoin being moved off exchanges and into long-term storage.

SEC Delays Decision on 21Shares' Spot-Based XRP ETF

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on 21Shares' proposed spot-based XRP ETF. This delay follows standard procedure, as the SEC's review period can extend up to 240 days to gather public feedback and assess market data. Earlier this year, the agency also deferred rulings on similar applications from Franklin Templeton and Bitwise. Despite these delays, industry analysts remain optimistic, with Bloomberg reporting that approval for spot-based XRP ETFs could come by year-end—possibly as early as June.

Shiba Inu Experiences Remarkable 137% Price Surge

Shiba Inu saw an extraordinary 137% price spike in just one day, fueled by heightened large transaction activity that reignited interest in the meme coin. Despite the surge, SHIB's price hovers near $0.000014, slightly above the critical 100 EMA support level that triggered its recent breakout. Technical indicators suggest potential buyer fatigue or an impending reversal, as trading volume declines despite sustained high prices. On-chain data and retail sentiment remain cautious, with shrinking Telegram user counts and mixed metrics, though liquidity remains robust at over $36 million in daily volume. If volume rebounds and SHIB holds the 100 EMA, a retest of $0.000016 is possible. However, a breakdown below support could push prices toward $0.000012 or lower.