Cash App MoonPay Integration Opens ETH SOL XRP to 59M Users Amid XRP Whale Surge

Summary

• Cash App opened buys for XRP, SOL, ETH and USDT to its 59 million users through MoonPay on August 18.
• XRP withdrawals on Binance took 56.85 percent of daily volume by August 14, right as the new on-ramp launched.
• ETH issuance dropped 88 percent after the Merge, but still adds around 1700 ETH each day.

Cash App added a MoonPay integration on August 18. It lets 59 million users buy XRP, SOL, ETH and USDT right from their app balances. MoonPay now supports Cash App Pay for the first time. The feature already runs live in Trust Wallet for eligible US customers. Timing matches a spike in XRP withdrawals from big exchanges.

Cash App Adds MoonPay for 59 Million Users

The integration started on August 18. It opened buys for XRP, SOL, ETH and USDT right away. MoonPay became the first to back Cash App Pay at checkout. The feature now works in Trust Wallet for some US users too. The partnership sticks to compliant on-ramps with wide coverage and quick settlements.

Users fund buys straight from Cash App. No need to leave the app. This opens altcoins to a big retail crowd that had few choices before.

XRP Withdrawal Share Hits 56.85 Percent on Binance

XRP's daily withdrawal share on Binance hit 56.85 percent by August 14. That was right before the Cash App integration. It shows big whale moves and withdrawals from major spots. No proof ties the two directly. Still, the timing puts the on-ramp news against heavy XRP outflows.

Observers say these spikes often cut sell pressure later. But the data is fresh and needs watching.

ETH Issuance Remains Steady After 88 Percent Drop

ETH issuance fell 88 percent after the Merge. Daily new coins still hit about 1700 ETH. Proof-of-stake caused the drop. Yet supply keeps growing at a steady clip. Ethereum.org shows the rate has stayed flat since.

Ethereum forums talk about other ideas like lower issuance or migration tools. Those topics sit apart from the Cash App story.

Watch

• Monitor XRP exchange flows for continuation or reversal of the August 14 withdrawal share level.
• Track MoonPay and Cash App user adoption metrics once the integration passes its first full month.
• Observe any further ETH issuance adjustments tied to network upgrade proposals.