XRP is seeing softer large-holder activity after on-chain figures showed high-value transfers shrinking over a nine-day period. The token traded near $1.30 as $1 million-plus transactions fell from 157 to 67, while price action stayed weak and key moving averages remained overhead.

Ethereum's social-media sentiment fell to multi-month lows as the token faced continued selling pressure and heightened volatility. As of May 23, 2026, ETH was trading at $2,026.16, down 7.6% over the past seven days, while traders watched the $2,000 support area for signs of stabilization.

XRP fell to $1.33, its lowest level since April 13, after failing to break $1.55 less than ten days earlier. Whale activity also dropped sharply, with large $1M+ transactions sliding from 157 to 67 over the last 9 days. Analysts additionally pointed to rising short positioning and said a move toward $1.30 remains possible if broader weakness persists.

Dogecoin fell to slightly above $0.10, its first return to that level since April 30, after failing to hold last week's move toward $0.12. Large holders have continued accumulating, including more than 525,000,000 DOGE over four days, while some analysts argue DOGE is echoing prior post-bottom setups that previously preceded strong rallies.

Harvard University Endowment Fund sold its entire $86.8 million position in BlackRock’s iShares Ethereum Trust (ETHA) in Q1, while cutting its BTC exposure by about 50% to around $117 million. ETH fund outflows extended beyond Q1, with ETHA showing $922 million in YTD redemptions and ETH trading near $2.1K after falling 12% from early May’s $2.4K high. Market sentiment readings slipped to 28, reflecting heightened fear around Ethereum-linked headlines and ongoing capital rotation.

GRASS gained more than 27% in a day as optimism around an 'infrastructure supercycle' boosted interest across DePIN-related tokens. Trading volume climbed about 256% to $52 million, while price tested the pattern neckline near $0.46, a level that could open a move toward $0.6555 if cleared. Concentrated ownership and a monthly dip in holders added to the risk backdrop despite the rally.

Hyperliquid's HYPE token surged to an all-time high near $62.50 in May 2026, prompting comparisons with XRP's far calmer price action around $1.3518. The piece argues that HYPE's deflationary setup contrasts with XRP's large supply, while recent spot ETF flows show XRP drawing $12.57 million for the week versus $63.96 million for HYPE in its first eight U.S. trading days.

Ethereum (ETH) was trading in the $2,095–$2,138 Fibonacci "golden zone" at press time following a controlled pullback. Exchange data showed a rising share of whale-held supply sitting on exchanges since May 5, while withdrawals over the past 24 hours fell to a monthly low. The mixed flow signals leave ETH at a decision point, with a bounce needing stronger spot demand and renewed outflows for confirmation.