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  • Flare price pumps 25% amid explosive DeFi growth: is a new ATH next?

    Flare price pumps 25% amid explosive DeFi growth: is a new ATH next?

    Flare Price

    • Flare price rose sharply as altcoins continued to steer bullish with Ethereum, XRP and Solana up.
    • The FLR token was up 25% as bulls pushed from lows of $0.02089 to highs of $0.02722.
    • With DeFi and broader market resilience, Flare could target a new all-time.

    The cryptocurrency market continues to trend bullish as top altcoins see gains, but not many can match Flare (FLR)’s explosive 25% outperformance in the past 24 hours.

    FLR’s gains dwarf those of key 24-hour performers Pudgy Penguins, Worldcoin and PancakeSwap.

    The token traded around $0.2702 at the time of writing, with daily volume up 457% to over $98 million.

    Open interest on Coinglass showed a 35% increase to $11.8 million.

    Flare price: is FLR poised for a new peak?

    As Ethereum holds firm above $3,600 and Solana consolidates gains above $200, renewed optimism has emerged around Flare (FLR).

    FLR has surged from intraday lows of $0.02089 to as high as $0.02722, marking one of the strongest performances among major cryptocurrencies.

    The rally has pushed Flare into the 57th spot by market capitalisation, placing it among the top gainers within the 100 largest digital assets.

    With total value locked, transaction volume and overall DeFi growth on the uptick, is this spike in FLR price the beginning of a major flip to a new all-time high?

    Per data from CoinMarketCap, Flare reached the all-time peak of $0.0797 in January 2023.

    Flare price chart by CoinMarketCap

    FLR price is up nearly 50% in the past week and 63% in the past month.

    Much of the enthusiasm and bullish forecasts for Flare are down to the project’s innovative DeFi approach.

    Asset bridging has caught the market’s attention with recent integrations and mega incentives.

    DeFi on Flare gains traction

    Flare’s latest price pump comes in a month where the project unveiled a massive $2.2 billion incentive program for its FAssets.

    The target is explosive growth in Flare’s DeFi share with cross-chain liquidity and TVL.

    Interest has also jumped amid the integration of XRPFi, a DeFi initiative targeted at tapping into XRP on the network.

    This is what Firelight, a key protocol on the Flare network, has introduced to early success.

    As XRPFi takes root, tokens such as stXRP, a liquid staking token that allows users to earn yields while maintaining liquidity across DeFi platforms, are gaining traction.

    Institutional interest is also growing. One such big move is VivoPower.

    The Nasdaq-listed company recently announced a $100 million XRP deployment on Flare with the aim of generating yield.

    “Flare isn’t just for institutional XRP holders like VivoPower, it’s also powering platforms like Uphold that serve millions of everyday users. With Flare’s yield strategies, they can offer simple, opt-in XRP staking — no DeFi expertise required. That’s the kind of simplicity we’re aiming for,” Flare wrote on X

    Momentum across the Flare network has seen its TVL surge triple digits to near $200 million. SparkDEX, Kinetic and Sceptre Liquid are key protocols on the network.
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  • Bitcoin price prediction: $200K within reach once BTC clears overbought hurdle

    Bitcoin price prediction: $200K within reach once BTC clears overbought hurdle

    Bitcoin price prediction

    • Bitcoin (BTC) must clear the $120,000 resistance to resume upward momentum.
    • $200K in 2025 is unlikely without stronger volume support.
    • Long-term outlook remains bullish despite short-term hurdles.

    Despite recent pullback after hitting a new all-time high, Bitcoin price predictions remain bullish amid a mix of political support, institutional interest, and speculative whale activity.

    However, Bitcoin (BTC) will have to overcome the short-term resistance levels and overbought conditions that have temporarily capped its upward momentum.

    BTC faces a key resistance hurdle at $120,000

    At press time, Bitcoin (BTC) was trading at around $118,584 after hitting a recent high of $122,838 on July 14.

    And while it is still 77% up over the past year, momentum has slowed in recent sessions.

    Notably, the pullback can be attributed to Bitcoin attempting to offload overbought signals on the Relative Strength Index (RSI), especially after repeated rejection at the $120,000 level.

    Technical data reveals that the BTC/USDT pair is facing stiff resistance near this psychological threshold, where previous rallies have faltered.

    Bitcoin facing resistance at $120,000

    Despite this, the price remains comfortably above its 50-day Exponential Moving Average (EMA), which continues to serve as a dynamic support.

    As long as Bitcoin maintains this position, the broader bullish trend remains intact.

    Futures market signals continued consolidation

    The Bitcoin Futures, Jul-2025 (BTC=F) mirrors the spot market’s hesitation.

    Notably, the Bitcoin Futures’ price action, as evident on Yahoo Finance, remains locked between key pivots ($123,875 on the high end and $115,340 below).

    The central pivot point of $120,615 has become a battleground, with neither bulls nor bears showing dominance.

    A breakout above $126,015, which aligns with the upper channel trendline, could spark renewed buying interest and potentially send prices toward the $129,000–$132,000 range.

    On the flip side, failure to reclaim $120,615 could expose the contract to a retracement toward $115,340, with downside risk extending to $112,000 if support breaks.

    Volume profile data supports this indecisiveness. Most of the recent trading activity has clustered between $118,000 and $122,000, highlighting this zone as a significant liquidity area.

    For any breakout to sustain, a corresponding uptick in volume must accompany it — something that has yet to materialise.

    Whales stir, but caution remains

    Fueling speculation further, a long-dormant Bitcoin whale recently moved 10,606 BTC, worth approximately $1.3 billion.

    This reactivation, after years of inactivity, has raised questions about the whale’s intentions—be it profit-taking, institutional over-the-counter (OTC) deal prep, or strategic reallocation.

    Such large-scale movements often impact market sentiment, particularly when they occur near price peaks.

    If these funds are moved to exchanges, the threat of a large selloff increases.

    Conversely, if transferred to cold storage, it may indicate confidence in Bitcoin’s long-term trajectory. For now, the market remains watchful, not reactive.

    Macro and political tailwinds support BTC’s growth

    External forces are also adding fuel to Bitcoin’s long-term prospects.

    Trump Media and Technology Group recently acquired nearly $2 billion worth of Bitcoin using proceeds from stock sales and bonds.

    This move coincides with increased US legislative support for crypto, including the passage of the GENIUS stablecoin bill and proposals for a Strategic Bitcoin Reserve.

    Moreover, Bitcoin-backed borrowing is gaining traction. Xapo’s BTC-collateralised lending product recorded a 24% increase in Q2 usage, particularly in Europe and Latin America.

    This trend suggests that holders are increasingly seeking liquidity solutions without having to sell their BTC, a dynamic that could reduce short-term selling pressure.

    The $200k Bitcoin price prediction

    Despite short-term hurdles, several analysts believe Bitcoin remains on a long-term path toward $200,000—just not in 2025.

    Glassnode lead analyst James Check, in a recent interview with Pahueg at Less Noise More Signal, stated that while hitting $200,000 by year-end is “very improbable” due to insufficient buying volume, he fully expects BTC to exceed that mark within five years.

    His outlook reflects broader sentiment: without follow-through volume, even strong rallies risk unravelling.

    Others, including Bitwise’s Matt Hougan and Bernstein Research, maintain bullish 2025 targets based on anticipated institutional demand and the growing influence of Bitcoin ETFs.

    However, analysts emphasise that BTC must first stabilise above $130K, $140K, and eventually $150K to credibly approach the $200K zone.

    These milestones represent both technical and psychological resistance levels.
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  • ONDO price rallies on 21Shares’ ETF filing and major exchange listing

    ONDO price rallies on 21Shares’ ETF filing and major exchange listing

    • The altcoin has rallied following 21Shares’ ETF filing with the SEC.
    • The application indicates increasing institutional interest in RWA tokens.
    • Binance US has listed ONDO, fueling its upside momentum.

    Ondo Finance’s native coin signals imminent breakouts despite the broad market cool down, fueled by two key developments.

    First and foremost, asset manager 21Shares has filed with the US SEC to launch an ONDO exchange-traded fund (ETF).

    Secondly, Binance US confirmed listing the altcoin, with trading starting today, July 23.

    ONDO soared from the daily low of $1.0583 to $1.1642, a 10% increase, as the bullish news sparked bullish momentum.

    ONDO is at the center of Ondo Finance’s goal of bringing traditional assets on-chain.

    With interest in real-world asset (RWA) platforms skyrocketing, 21Shares and Binance US’ moves could not be better as retail and institutional investors seek Ondo exposure.

    The crypto has witnessed a surge in institutional appetite, with giants like BlackRock showing interest.

    MasterCard tapped Ondo Finance as its first RWA provider, while Ripple leveraged the blockchain to launch OUSG on its XRPL.

    21Shares files to launch ONDO ETF

    21Shares increases Ondo’s institutional appeal with the latest ETF application.

    The move confirms that traditional finance (TradiFi) is targeting the tokenization sector seriously.

    Moreover, seeking SEC authorization underscores the asset manager’s commitment to compliance and innovation in the tokenized sector of RWAs and DeFi.

    This is more than another cryptocurrency product.

    Ondo Finance remains at the core of the current trend of bringing real-world assets like US Treasuries, credit instruments, and bonds on-chain.

    Last week, Ondo Finance collaborated with BNB Chain to introduce tokenized equities in the United States.

    21Shares’ proposed exchange-traded fund would offer cryptocurrency enthusiasts exposure to ONDO via licensed platforms, without brokerage sites.

    Binance US lists ONDO

    A leading crypto exchange in the United States, Binance US, confirmed listing Ondo Finance’s token on its trading platform.

    It opened deposits on the Ethereum (ETH) blockchain yesterday, with ONDO/USDT trading set to start today.

    The official announcement read:

    We’re excited to announce that ONDO is now listed on Binance.US! Deposits for ONDO on the Ethereum network are now open. Trading for ONDO/USDT will begin tomorrow, July 23, 2025, at 4 a.m. / 7 a.m. EDT.

    The listing is vital as it makes the ONDO token accessible to the massive American retail audience.

    Moreover, listing on leading exchanges often acts as a Launchpad for many tokens.

    More US citizens can now trade ONDO without depending on overseas platforms or decentralized exchanges.

    ONDO price outlook

    Ondo Finance’s native coin attracted attention amidst the optimistic developments.

    It trades at $1.11 after a brief correction from daily highs.

    Meanwhile, the surging 24-hour trading volume highlights renewed interest in the RWA token, hinting at continued uptrend.

    Technical indicators support the short-term momentum shift.

    For example, the MACD on the 3H chart displays green histograms after a bullish crossover, signaling a buyer comeback.

    Also, the Chaikin Money Flow shows increased ONDO accumulation over the past week.

    Such trends indicate trust in the token’s near-term performance.

    Ondo Finance bull target the late January price levels above $1.60.

    Overcoming this level could catalyze smooth gains to the psychological level at $2.
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  • Bitcoin at $1M forecast gains ground as money supply heads for $200 trillion

    Bitcoin at $1M forecast gains ground as money supply heads for $200 trillion

    Bitcoin $1 million forecast gains ground as money supply heads for $200 trillion

    • The ratio of global M2 money supply to Bitcoin in circulation has reached a record level.
    • Only 21 million BTC exist, boosting scarcity appeal.
    • The psychological framing of Bitcoin reaching $500,000—or even $1 million—is now gaining traction in both retail and institutional circles.

    As the world’s money supply expands at an unprecedented pace, a growing number of market participants believe Bitcoin could eventually hit $1 million per coin.

    The belief isn’t based on speculation alone—it stems from hard numbers.

    Central banks are printing more money, governments are spending at record levels, and the global M2 money supply is expected to double from $100 trillion to $200 trillion by 2035.

    With Bitcoin’s supply capped at 21 million, this massive influx of liquidity could create a potent supply-demand imbalance.

    Money supply surge boosts BTC case

    Bitcoin maximalists and macro-focused analysts now frequently cite monetary debasement as a key reason to hold the pioneer cryptocurrency.

    Fred Krueger, a longtime Bitcoin advocate and investor, posted on X that “it will take 1 trillion USD moving into Bitcoin to get to 1 million.”

    He argued that with the global money supply rising rapidly, “zero chance we don’t get there.”

    The scale of monetary expansion is central to this view. Over the last 12 months, global liquidity has surged at one of the fastest rates on record.

    Central banks across the US, UK, Europe, and Asia have continued accommodative policies, with large fiscal deficits becoming the norm.

    These conditions, according to market observers, reduce the purchasing power of fiat currencies and push investors to explore alternatives.

    River, a Bitcoin-focused financial services firm, highlighted that those who held BTC from July 2024 onwards have outperformed against money debasement tenfold.

    This reinforces the narrative of Bitcoin as a hedge against currency dilution and economic instability.

    M2 liquidity per BTC hits record

    The ratio of global M2 money supply to Bitcoin in circulation has reached a record level.

    According to decentralised finance investor Christiaan, there is currently about $5.7 million in global M2 liquidity per single Bitcoin.

    This is the highest ratio in over a decade and is used to illustrate how limited Bitcoin’s supply is compared to the volume of fiat money in the global financial system.

    This ratio, sometimes referred to as the liquidity-to-scarcity index, suggests that even modest capital inflows into Bitcoin—whether from institutional investors or sovereign wealth funds—could drive prices sharply higher.

    Given the fixed 21 million coin limit, with many lost or illiquid, the supply-demand mechanics remain a central argument in favour of long-term price appreciation.

    Retail push and historical trend

    Retail investors are also being targeted with simplified messaging. Davinci Jeremie, a popular Bitcoin influencer, posted a video on social media urging viewers to invest just $1 into Bitcoin.

    His message, “spend a dollar to change your future,” reflects a broader campaign among Bitcoin supporters to increase grassroots participation.

    The psychological framing of Bitcoin reaching $500,000—or even $1 million—is now gaining traction in both retail and institutional circles.

    As inflation fears persist, and as tech stocks become increasingly correlated with macro trends, many see Bitcoin as a standalone asset with unique supply properties.

    While Bitcoin remains volatile in the short term, these macroeconomic dynamics are positioning it as a long-duration hedge.

    The rising M2 supply and systemic debt loads across developed nations continue to lend weight to the idea that digital scarcity may offer long-term protection.

    Historical data also supports the current optimism. Over the past decade, Bitcoin has consistently outpaced fiat currency performance during periods of rapid money printing and inflationary risk.
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  • Ethereum price forecast: ETH bull case remains intact despite strategic profit-taking

    Ethereum price forecast: ETH bull case remains intact despite strategic profit-taking

    Ethereum Price

    • Ethereum price is at $3,640 amid some profit-taking deals.
    • Despite some whales selling, institutional interest remains high and demand is absorbing the dump.
    • Analysts say the ETH bull market remains intact.

    Ethereum has retreated slightly from its highs of $3,856 as it dips nearly 4% in the past 24 hours amid some profit-taking moves.

    But while the top altcoin changes hands at $3,640 at the time of writing, analysts maintain Ethereum is on a bullish course and that ETH still has room to explode.

    ETH sees strategic profit taking

    The $4,000 mark remains elusive for Ethereum in 2025, with the highs of $3,856 marking a key peak since the declines from $4,000 in December 2024.

    It means Ethereum price has lagged as Bitcoin climbed to multiple new highs.

    Selling pressure at current levels alludes to likely struggles in the short term, analysts at Glassnode have noted.

    The outlook is down to the Cost Basis Distribution Heatmap of Ethereum, which Glassnode analysts say shows buyers are cashing out gains.

    This strategic profit-taking is calculated towards securing profits after ETH posted strong upward moves these past weeks.

    Sellers have included whales. Lookonchain shared on X that one whale has sold 8,000 ETH for over $30 million.

    Ethereum price forecast: here’s why bull case remains intact

    Despite the profit-taking, Glassnode highlights a fascinating scenario with equilibrium emerging.

    Notably, data shows new demand is steadily absorbing the supply hitting the market, with selling pressure yet to overwhelm buyer interest.

    It’s a resilient market structure for ETH that suggests pullback action is likely to dissipate as bulls take control.

    While some whales sell, others have accumulated. Also, institutional holders like SharpLink Gaming have been aggressive.

    The company has acquired a massive chunk of ETH in recent weeks.

    Helping buyers is overall market sentiment that sees open interest in ETH futures soar to all-time highs. OI currently sits around $58 billion per Coinglass, which indicates interest is elevated.

    Ethereum is also sporting gains amid staking explosion, spot ETF inflows and regulatory developments. The ETH spot ETF inflows for Ethereum reached 588,000 ETH last week – higher than recent peak.

    Traders will eye potential corrections for buy opportunities, with consolidation in the near term allowing for a retest of key supply zone areas.

    On the flipside, sellers may be encouraged by weakening on-balance volume and extended cashing out.

    The $3,500 remains important and robust support may be around $3,000.

    Yet, the RSI on the daily chart is not overextended as it hovers just below the overbought territory.

    The MACD also still boasts a bullish case scenario. The $4,000 threshold is therefore one to watch.
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  • XRP gains momentum as real-world assets on XRPL rise 2,260%

    XRP gains momentum as real-world assets on XRPL rise 2,260%

    XRP Price Outlook

    • The XRP price is near its all-time high as altcoins see gains.
    • XRP Ledger’s tokenized RWA grew 2,260% in six months, from $5 million to over $118 million.
    • Other metrics and broader market developments add to the bullish outlook for XRP.

    Ripple’s XRP trades around $3.50 as it continues to hover near its all-time high, with price up 21% in the past week and over 66% in the past month.

    While the overall cryptocurrency bullish sentiment has helped, key network and ecosystem catalysts are emerging, including the XRP Ledger witnessing staggering growth in tokenized real-world assets (RWAs) over the past six months.

    XRPL tokenized RWA grows 2,260% in six months

    According to the latest report, the XRP Ledger (XRPL) is gaining traction in the tokenized real-world assets market.

    In just the past six months, XRPL saw its on-chain RWA value share jump from $5 million in January 2025 to over $118 million by July 2025. This accounts for a notable 2,260% increase, growth that coincides with an explosion in the overall tokenization trend.

    Token Relations shared the XRPL data on RWA growth in a recent article on X, noting the sharp increase aligns with the Ripple network’s rising appeal as a tokenized assets platform. High transaction volumes that include a peak of 2.48 billion XRP in daily payments adds to this outlook.

    XRPL has attracted RWA integrations from Archax and Abrdn, Guggenheim Treasury Services, and Ondo Finance.  Mercado Bitcoin also plans to tokenize over $200 million in assets on the XRP Ledger, further expanding the platform’s traction.

    Assets on-chain on XRPL include U.S. Treasury bills, commercial paper, and money market funds among other traditional financial instruments.

    XRP price forecast: Ripple network activity could be key

    Tokenized RWAs is not the only metric highlighting XRP’s potential. Other key catalysts have come into play, including network milestones such as the launch of the EVM sidechain and integration of Ripple USD (RLUSD), a stablecoin that’s getting huge adoption calls.

    “Since going live, the XRPL EVM Sidechain has seen organic developer adoption, with over 1,300 smart contracts deployed, participation from more than 17,000 unique addresses, and the creation of more than 120 tokens,” Token Relations noted.

    The spot exchange-traded fund (ETF) anticipation is also crucial, as is regulatory clarity and Ripple’s settlement of its SEC legal woes.

    XRP price has gained amid these developments, with Ripple’s market cap surpassing the $200 billion as XRP hit highs of $3.64. Notably, the cryptocurrency reached its all-time high of $3.84 in 2018 and analysts say this is a milestone bulls are poised to exceed in the short-term.

    From a technical outlook angle, XRP shows strong bullish momentum. As institutional interest grows amid a confluence of regulatory clarity and network partnerships, it is clear XRP could target parabolic gains.
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  • Strategy buys 6,220 Bitcoin for $739.8M, takes total holdings past $43B

    Strategy buys 6,220 Bitcoin for $739.8M, takes total holdings past $43B

    Strategy buys 6,220 Bitcoin for $739.8M, takes total holdings past $43B

    • $740.3M raised via equity sales across four security classes.
    • 1.6M MSTR shares sold under $21B ATM authorisation.
    • Strategy’s BTC yield for 2025 stands at 20.8% year-to-date.

    Strategy has added another 6,220 Bitcoin to its corporate balance sheet, spending $739.8 million during the week ending July 20, 2025.

    The purchase was funded through the company’s ongoing at-the-market (ATM) equity offerings.

    With this latest acquisition, the firm now owns 607,770 BTC—worth over $43 billion at current prices—making it the largest institutional holder of Bitcoin worldwide.

    The firm, chaired by billionaire Michael Saylor, paid an average of $118,940 per Bitcoin in its latest purchase, as disclosed in a filing published on Monday.

    This represents a significant premium over its historical average acquisition cost of $71,756 per BTC.

    Strategy issues 1.6M MSTR shares in latest equity round

    Between July 14 and July 20, Strategy raised approximately $740.3 million across four different security classes.

    The majority of funds—$736.4 million—were generated from the sale of 1,636,373 MSTR common shares.

    The company also issued 5,441 STRK preferred shares with an 8.00% strike, raising $700,000. Another 2,000 STRF shares were sold at a 10.00% strike, bringing in $200,000. Additionally, 31,282 STRD preferred shares, also with a 10.00% stride, were issued for $3.0 million in proceeds.

    All four instruments fall under large multi-billion-dollar issuance programmes. Both the MSTR and STRK share classes are authorised for up to $21 billion each.

    These programmes demonstrate Strategy’s continued ability to convert equity into Bitcoin reserves at scale without relying on traditional financing channels.

    BTC acquisition cost shows 20.8% YTD return for Strategy

    Bitcoin prices remain significantly higher than Strategy’s average cost basis of $71,756, giving the firm a year-to-date return of 20.8% on its BTC holdings.

    At current market prices—just above $118,000—Strategy’s crypto treasury continues to outperform many traditional corporate investments.

    This yield figure is particularly notable as Bitcoin has consolidated after hitting an all-time high of $123,000 last week.

    Although prices have since pulled back slightly, the bullish market structure remains intact.

    Analysts have observed a pennant formation following BTC’s strong rally in July, typically a continuation pattern that suggests potential for further upside.

    Despite short-term market volatility, Strategy’s long-term accumulation approach has proven resilient.

    The latest purchase reinforces its strategy of treating Bitcoin as a primary treasury asset and a long-term store of value.

    Market reacts as Saylor signals continued BTC accumulation

    Michael Saylor has maintained a consistent narrative around Bitcoin being a superior store of value.

    On Saturday, just days after the most recent BTC buy, he posted on X (formerly Twitter): “Stay humble, stack sats.” The phrase has been interpreted as a signal that Strategy’s accumulation is far from over.

    The company’s approach, combining equity capital markets with ongoing BTC purchases, serves as a blueprint for institutional crypto exposure.

    As regulatory clarity and institutional infrastructure improve, Strategy’s model could influence how other publicly listed firms handle treasury allocation.

    Bitcoin’s latest rally, paired with corporate participation at this scale, continues to shift market sentiment toward long-term adoption.

    While the token’s price has slipped slightly from its recent peak, its resilience above the $115,000 level is being closely watched by traders and institutional investors alike.
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  • Solana price prediction: SOL targets breakout above $200

    Solana price prediction: SOL targets breakout above $200

    Solana Price Bullish

    • Solana price is above $190, with intraday highs of $192 as bulls target the psychological $200 level.
    • Analysts say SOL could explode above the $190 level amid current altcoin gains.
    • Institutional interest in Solana continues amid investment product inflows.

    Solana (SOL) is trading above $190 on Monday, breaking higher to hit its highest level since February.

    This comes as SOL gained over 14% this past week and by more than 34% in the past month, buoyed by a rally for altcoins after the GENIUS Act became law.

    With on-chain activity and technical indicators bullish, analysts say a breakout above $190 could see Solana rally hard. Other altcoins, including Ethereum, XRP, and Cardano, are also bullish.

    Solana price breaches key resistance level

    Solana has recently ticked higher amid an upward trend that excites bulls, with analysts noting it’s poised for a potential parabolic move if it breaks above a critical resistance level.

    According to an analysis by Glassnode, the next major resistance for SOL is around $190, where investors have accumulated over 8 million Solana tokens.

    Although this accumulation zone represents a significant hurdle, bulls are currently retesting it.

    Buyers have in the past 24 hours gained nearly 7% to breach the supply barrier and reach intraday highs of $191.79.

    Furthermore, Glassnode suggests breaking above this level could be key as the supply becomes less dense.

    As a thinning supply zone sits above $190, the $200 price level could be on the cards.

    SOL price forecast

    As noted, market forecasts for Solana are increasingly optimistic, with a confluence of technical and on-chain factors in favour.

    Liquidations have jumped as shorts feel the heat, accounting for over $12 million of the $16 million wiped out in the past 24 hours.

    Notably, market observers say that high market activity has often seen SOL liquidations explode on Solana-based perpetual trading platforms.

    This surge in on-chain liquidations underscores the intense trading volume and speculative interest in SOL, particularly on decentralized platforms leveraging Solana’s high-speed blockchain.

    Crypto analyst Ali Martinez says a break above $189 for SOL leaves nearly no major hurdle for bulls.

    Solana’s total value locked (TVL) amid a massive spike in decentralized finance (DeFi) adoption adds to the bullish sentiment for SOL.

    Solana-based digital asset products exchange-traded products have also been on an upward trend in terms of inflows.

    The ETPs, including exchange-traded funds (ETFs), managed over $39.1 million in inflows for the past week.

    While it lagged Bitcoin’s $2.19 billion in weekly inflows, the number is a reflection of growing adoption for SOL.

    DeFi TVL on Solana has in fact jumped to $10.2 billion, hitting the milestone for the first time in nearly two years.

    The SOL price appreciation has helped push the TVL up, with Jito Sol up to $3.09 billion, Jupiter Exchange to $2.9 billion and Kamino Finance to $2.89 billion.
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  • Early PUMP investors dump 25.5 billion tokens, pocketing nearly $40 million in profit

    Early PUMP investors dump 25.5 billion tokens, pocketing nearly $40 million in profit

    Early PUMP investors dump 25.5B tokens, pocketing nearly $40M profit

    • Two wallets offloaded PUMP worth $141M the previous week.
    • The sales yielded around $39.65 million in profit.
    • The transactions (made to FalconX and CEXs) have raised concerns over Pump.fun’s token distribution.

    As the GENIUS Act fuels the altcoin season narrative, a bold move involving the recently launched PUMP coin has raised eyebrows within the cryptocurrency community.

    According to EmberCN’s July 21 X post, two wallets that participated in Pump.fun’s private placement have offloaded 25.5 billion PUMP tokens, worth approximately $141 million.

    The transaction saw the investors netting combined $39.65 million profits within a week.

    The speed and magnitude of these transfers have stirred widespread debates among crypto enthusiasts, with many questioning Pump.fun’s token distribution structure and the altcoin’s long-term price stability.

    Key investors exit PUMP

    The first wallet D6ar…Lazd secured 25 billion PUMP coins after joining the institutional round with $100 million USDC.

    Notably, this private placement mirrored a public sale as it lacked a lock-up period with the same buying price.

    That’s unusual for institutional investors.

    While the market rallied over the last week, driven by regulatory changes in the United States, this wallet sent 13 billion tokens, worth approximately $71.46 million, to a trading and liquidity platform FalconX.

    Meanwhile, the assets later moved into multiple central exchanges (CEXs).

    The investor dumped at around $0.0055 average price, accumulating $19.5 million returns in less than a week.

    The second wallet walked away with around $20.15 million with a similar approach.

    It received 12.5 billion tokens after committing $50 million USDC to the private sale.

    Meanwhile, the whale moved all the tokens to CEXs, locking in returns at $0.0056 average price per PUMP coin.

    Maximum liquidity without lock-up

    The most noticeable thing is that these private round participants didn’t have lock-up terms.

    Generally, institutional crypto purchases include vesting periods to ensure stability and discourage sudden dumps.

    In Pump.fun’s saga, large-scale investors were free to offload immediately, giving them an edge over retail players who joined later.

    Further, the community criticized for creating an irregular playing ground with equal pricing between private and public offerings.

    PUMP momentum threatened

    The altcoin has remained on investor radar since its July 12 public sale, which sold off within twelve minutes.

    While it demonstrates strength despite early backlash, the substantial dump from early participants darkens PUMP’s short-term outlook.

    The substantial sell-offs will likely impact liquidity, investor confidence, and price actions in the upcoming sessions.

    The derivatives markets data signal a weakening strength according to Coinglass.

    PUMP’s trading volume has plunged 10% to $1.11 billion, whereas a 7% dip in Open Interest indicates fading trader optimism.

    Moreover, the Pump.fun team hasn’t commented on the significant transactions or the project’s private placement structure.

    The lack of transparency could dent PUMP’s sentiments further.

    Enthusiasts will watch how the altcoin reacts to the latest on-chain developments.

    Nonetheless, broad market sentiments remain vital in shaping the altcoin’s trajectory.

    Bulls dominate the digital assets, and with Bitcoin’s declining dominance hinting at an impending altcoins season, massive rallies could absorb PUMP’s anticipated selling pressure.
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  • Kaspa price climbs 10% on Layer 2 rollout, forms double-bottom pattern

    Kaspa price climbs 10% on Layer 2 rollout, forms double-bottom pattern

    Kaspa Price Bullish

    • KAS price is up 10% in 24 hours as Kaspa mirrors other altcoins’ gains.
    • The cryptocurrency is also surging after seeing a double-bottom bounce with support near $0.05.
    • Bulls could breach resistance around $0.12 and target the $0.18-$0.20 supply zone.

    The Kaspa price has surged by 10% in the past 24 hours, reaching an intraday high of $0.105.

    Notably, this has added to weekly gains of over 18% as Kaspa rides the bullish momentum, with top cryptocurrencies Ethereum, XRP, and Solana seeing notable gains.

    BNB price has jumped to near its all-time high and could eye $1,000.

    As these top altcoins eye key technical levels, Kaspa’s upward momentum is drawing significant attention. Both market dynamics and upcoming network developments suggest bulls may not be done yet.

    Why is Kaspa price up today?

    Kaspa’s price increase aligns with a robust altcoin market.

    ETH, XRP, SOL, and BNB are all climbing toward critical resistance zones or all-time highs, adding to buying pressure for small-cap cryptocurrencies.

    However, Kaspa’s rally is not solely tied to market-wide optimism.

    A key driver is the growing anticipation surrounding the Kasplex mainnet, a significant step forward for the Kaspa Network, which is renowned for its high-speed, proof-of-work blockDAG architecture.

    The Kasplex Layer 2 public testnet, dubbed Kasplex zkEVM, has officially launched, marking a pivotal milestone in Kaspa’s roadmap.

    This fully Ethereum Virtual Machine (EVM)-compatible rollup leverages Kaspa’s Layer 1 (L1) for decentralized sequencing and data availability.

    Kasplex zkEVM introduces several groundbreaking features. A full EVM equivalence allows developers to deploy Ethereum-native smart contracts with minimal adjustments.

    With bridged KAS as the native testnet token, the protocol also allows for integration with standard EVM wallets like MetaMask.

    Additionally, the testnet includes a live faucet, explorer, and expanding developer tooling, fostering an environment for building decentralized applications (dApps) and smart contracts on Kaspa.

    This development positions Kaspa as a unique proof-of-work blockchain with Layer 2 smart contract functionality.

    Its growth potential has sparked increased interest in the KAS token, contributing to its price surge.

    KAS price: technical outlook

    From a technical perspective, Kaspa’s price action is showing bullish signals. The KAS token has formed a double-bottom pattern, a classic reversal signal.

    It indicates strong support in the $0.05-$0.06 range.

     

    Kaspa price chart by TradingView 

    This bounce has propelled the price toward a key resistance level near $0.12.

    According to the price outlook on the weekly chart, a decisive breakout above this level could open the door for buyers to target the $0.18-$0.20.

    The area might prove a crucial supply zone, with the level aligning with previous highs from July and December 2024.
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