Transaction Fee Decline Factors

Since the beginning of the year, XRP transaction fees have fallen dramatically. Open interest in the futures market also dropped significantly, from 1.75 billion tokens in early October to 0.74 billion tokens. This signals that derivatives traders have reduced confidence in ripple recovery potential. Social sentiment toward XRP has also slipped into the “fear” zone, reflecting rising caution among investors.

Data from blockchain analytics firm Santiment shows that large wallets increased selling pressure. Over the past week, wallets holding 1 to 10 million XRP collectively moved 510 million tokens. These wallets represent some of the largest investors in the market, holding positions worth approximately $2 to $20 million at current prices. This activity adds short-term downside pressure.

Technical Analysis: Downside Risks for XRP

XRP/USD is forming a descending triangle pattern, with support at $2. If the price breaks below this level, the measured target points to $1.73, roughly a 15% decline. The $2–$1.98 zone remains a critical support area. If this support fails, the price could fall toward $1.61.

Opportunities and Market Sentiment

Some analysts argue that the drop in transaction fees and negative sentiment could precede a strong token rally. Market psychology and technical indicators together suggest investors should monitor short-term declines carefully. Additionally, XRP ETF products reached $1 billion in assets under management in under four weeks and now total approximately $1.23 billion. Four ETFs manage over 597 million XRP, with net inflows of $935 million, highlighting strong institutional demand.

• Transaction fees hit five-year lows

• Descending triangle pattern targets $1.73

• Social sentiment in the “fear” zone

• Futures open interest dropped sharply

• Support range $2–$1.98 is crucial

**Not investment advice.

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The post XRP Sees Sharp Fee Decline, Analysts Eye Lower Price Targets appeared first on Coin Engineer.

Bitcoin Price and Transaction Fees Rise 

Bitcoin’s price hit $105,600 on May 12 before reaching $106,000 on Sunday. However, it soon dropped to $104,500. Despite this, transaction fees continue to climb. The Block’s seven-day moving average data shows fees have reached $2.40. Additionally, Bitcoin’s market dominance has recovered after a decline two weeks ago, indicating a liquidity-driven fluctuation. Dominance peaked at 64.4% on May 8 but fell to 61% by May 19. This coincided with Ethereum (ETH) increasing its market dominance to 9.75% and altcoins rising to 22.35%. Stablecoins’ total market dominance dropped to 6.3%. 

Transaction Count Drops While Supply Tightens 

Despite rising fees, the daily transaction count is declining. The average transaction count, which was 507,000 in April, dropped 35% to 330,000. According to Glassnode data, Bitcoin’s illiquid supply—a measure of BTC held in wallets with minimal spending activity—is increasing. Exchange supply is decreasing, and this metric recently hit a new all-time high. This could create a supply shock if demand rises. 

***NOT INVESTMENT ADVICE*** 

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The post Bitcoin Transaction Fees Hit 2025 Peak!  appeared first on Coin Engineer.

OKX is reportedly moving thousands of Bitcoin Unspent Transaction Outputs (UTXOs) into its hot wallets. This activity is taking place with fees that are more than 10 times the average fee observed in the past 24 hours.

The Bitcoin network is currently experiencing significant congestion, with a staggering number of transactions waiting for confirmation in the mempool. As a result, users are being forced to pay over 500 satoshi per byte to have a transaction processed immediately, which translates to around $50-100 for a typical transfer.

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This exorbitant fee rate means that a significant portion of the Bitcoin that OKX is trying to consolidate is going to miners. For example, a fee of $15,000 was paid to consolidate UTXOs with a total value of just $48,000 in one transaction, representing over 30% of the total value.

The Bitcoin network is currently struggling with over 330,000 unconfirmed transactions, and memory usage has risen to 1.35 GB. Under these conditions, OKX is suspected of consolidating and batching its user wallets, a move that has caught the attention of many in the cryptocurrency community.

The post Bitcoin (BTC) Transaction Fees Suddenly Skyrocket to Incredible Levels appeared first on Coin Engineer.