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Crypto, Memecoins, Bananas, and NFTs: The Stories Shaking Web3 This Week | by Rachelw | Dec, 2024

Web3 is buzzing with seismic developments, from Hyperliquid’s historic $1.6 billion airdrop to NFT markets roaring back to life. Add to that XRP flipping Tether for the #3 spot in crypto, OpenSea’s plans for a total revamp, and Justin Sun turning a $6.2 million banana into performance art, and you have a week filled with scroll-stopping headlines. Let’s dive into the biggest stories driving the future of blockchain, DeFi, and digital art.

Ripple’s XRP has surged to new heights, reclaiming its position as the third-largest cryptocurrency by market capitalization. Bolstered by regulatory optimism following SEC Chair Gary Gensler’s announced departure, XRP saw a staggering 71% gain in just a week. Investors are eyeing the token for potential financial applications, as it edges closer to its all-time high of $3.40, last reached in 2018.

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