Ripple and Tether whales bag Kelexo as presale hits stage 2

As anticipation mounts in the cryptocurrency market, the ongoing Kelexo (KLXO) presale is increasingly attracting capital from XRP (XRP) and Tether (USDT) whales, as analysts have forecasted outsized gains for the lending platform soon.

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Kelexo (KLXO) is a beacon of innovation, offering streamlined lending solutions powered by blockchain technology. With its presale underway and significant investor interest, Kelexo (KLXO) is aiming to carve a niche for itself in the evolving market of decentralized finance.

XRP (XRP) sees increasing adoption

XRP (XRP), the world’s seventh-largest cryptocurrency by market cap, has witnessed a remarkable surge in adoption and distribution, with data from XRPL Services indicating that over five million accounts now hold 59.8 billion XRP (XRP).

This surge in adoption demonstrates a growing demand and interest in the digital asset, with 5,089,197 XRP accounts identified by the XRPL Services platform.

Notably, despite 1,592 accounts holding zero balances, the significant XRP holdings across millions of accounts reflect the increasing prominence of XRP in the crypto market. Despite relatively underperforming compared to other altcoins, XRP shows resilience as evidenced by the substantial number of accounts and total XRP holdings.

Tether (USDT) stable amidst limited supply and transparency

Tether (USDT), a popular stablecoin, maintains a stable weekly price, fluctuating between $1.0007 and $1.0017, with a marginal increase of 0.10%. Unlike other cryptocurrencies, Tether (USDT) is not constrained by a hard-coded limit on its total supply. As a privately owned entity, Tether (USDT) issuance policies theoretically determine its supply limits, guided by the company’s assurance that each Tether (USDT) is backed by one U.S. dollar.

This backing is anchored in the company’s

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