XRP was finally recovering after weeks of trading in the red zone, but a clash with the SEC is now forcing investors to switch to safer investments like Lunex Network’s viral presale.
Ripple (XRP) recently filed an ETF application in Delaware, but investors are already losing interest after the U.S. Securities and Exchange Commission (SEC) took Ripple to court. As traders sell off their Ripple (XRP) holdings, they are turning to Lunex Network’s new DeFi exchange, which has already seen a 100x increase on its launch day.
XRP legal issues could prevent ETF approval by SEC
Following the successful launch of Bitcoin and Ethereum ETFs this year, Ripple (XRP) is poised to follow in the same footsteps with its own ETF. Bitwise hopes to launch an XRP ETF soon after confirming that Ripple (XRP) has filed for an ETF in Delaware. However, due to a long-standing dispute with XRP developer Ripple, the SEC may not approve these XRP ETFs.
Despite the massive movement of Ripple’s ETF, the price of XRP is suddenly trending lower due to the SEC’s appeal of a recent court ruling in favor of Ripple. After this big news, XRP price fell to $0.5188 with an 11.75% intraday decline. XRP volume has also increased by 8.49% in the past 24 hours, so it appears investors are selling before Ripple gets embroiled in further legal troubles.
Will Lunex Network (LNEX) join the top 3 cryptocurrencies in 2025?
Lunex Network (LNEX) may still be in the presale stage, but it’s already showing 100x potential. Lunex Network is poised to reap significant gains in 2025 with its innovative strategy of combining separate blockchain networks into a single non-custodial exchange. Lunex Network’s presale stage 1 sold out within 72 hours, leading analysts to believe the platform’s native $LNEX is high. The token could experience a further bullish rebound throughout the fourth quarter.
Lunex Network is committed to improving the user experience, so the platform’s innovative DeFi exchange has no KYC checks and includes full transparency on all transactions. Lunex Network allows traders to easily trade or exchange over 50,000 cryptocurrency pairs running on different blockchains without entering any personal information. To further improve the situation, Lunex Network processes all trades through smart contracts, which eliminates the use of automated market makers. This not only eliminates slippage on each trade, but also ensures lightning-fast trading speeds and minimal costs.
Another reason why analysts are bullish on Lunex Network is the platform’s exclusive non-custodial crypto wallet. Traders can store, buy, exchange, or stake cryptocurrencies on over 40 compatible blockchain networks while maintaining anonymity. Funds are stored on the trader’s device, giving you complete control over your assets from one platform.
Lunex Network’s native $LNEX powers the DeFi exchange ecosystem while also serving as an independent utility token in the public market. By holding LNEX tokens, traders can earn stable passive income through attractive rewards and high APY.
As Lunex Network generates revenue from multiple streams, it reinvests the profits into LNEX purchases and distributes them to stakers as rewards up to 18% APY. This buyback mechanism increases demand for LNEX, and with a hard supply cap of 8 billion tokens, Lunex Network’s tokenomics are designed to remain deflationary over time.
For a limited time, Lunex Network is selling pre-sale tokens for as low as $0.0013 each. Lunex Network is expected to hit a new all-time high within the next two weeks, as analysts are already predicting a massive 1800% jump in LNEX’s price before the pre-sale ends.
Learn more about Lunex Network (LNEX) here.
Website: https://lunexnetwork.com
Social: https://linktr.ee/lunexnetwork
This is a sponsored article. The opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before acting on the information presented in this article.
