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  • ZRO price gains 14% to break above key hurdle, defy broader dump

    ZRO price gains 14% to break above key hurdle, defy broader dump

    ZRO Token

    • ZRO price pops 14% as LayerZero sees a 66% spike in trading volume.
    • The LayerZero Foundation has recently repurchased 50 million ZRO tokens, equivalent to 5% of the total supply.
    • Bulls could target a breakout to $3.25 and then highs above $5 if sentiment holds.

    The LayerZero (ZRO) token is among the altcoins to defy the broader crypto dump today, with ZRO price up 14% in the past 24 hours.

    Gains for LayerZero come as Bitcoin drops below $110,000 and Ethereum under $4,000.

    But like some altcoins across the market, ZRO is seeing an uptick and has broken above the critical resistance zone near $2.20.

    LayerZero price jumps 14% — why is ZRO up today?

    While most altcoins hit downside action, ZRO is surging amid two notable network milestones.

    Potentially, one is the announcement by the LayerZero Foundation of a major token buyback program.

    The move triggered an immediate surge in ZRO’s price, with the altcoin climbing from lows of $1.83 to reach highs of $2.24.

    A dip to retest the support area at $2.00 has nonetheless seen bulls break the key hurdle at $2.25 to hit highs of $2.33.

    ZRO’s uptick aligned with the 50 million token buyback, with about $150 million ploughed back into the market for the tokens.

    Traders reacted positively after the 25 million ZRO token unlock event earlier, with the buyback and market reaction helping to offset sell-off pressure.

    Crucially, the repurchase has tightened supply and could provide more fuel for bulls.

    LayerZero’s recent acquisition of the Stargate cross-chain bridge is another catalyst for ZRO price.

    The Stargate integration, approved by the DAO with 94.7% support, came at a crucial time for LayerZero.

    Plasma, the platform for global money movement, has unveiled its mainnet.

    LayerZero is a key player in the ecosystem, able to bridge liquidity to Plasma via Stargate.

    ZRO price has jumped amid these integrations.

    What’s next for the ZRO price?

    As the LayerZero price rose, trading volume spiked 66% to $173 million in the past 24 hours.

    This suggests bulls are buying at current levels, and ZRO’s market value could benefit further.

    ZRO price chart by TradingView

    The ZRO price outlook also shows bulls are looking to ride a technical breakout.

    On the daily chart, the price has broken above a descending triangle pattern’s resistance line.

    Notably, technical indicators such as the daily RSI and MACD are flashing bullish signals for ZRO.

    Successful retest and breakout from the trendline of a prolonged consolidation phase level will allow buyers to target $3.25 and higher.

    Bulls are currently 53% up on the all-time low of $1.50 reached in March.

    Meanwhile, the all-time high that counts as a short-term target sits about 70% off current prices at $7.53.

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  • Bitcoin Cash up 7% as bulls defy BTC dump, eye gains on rising volume

    Bitcoin Cash up 7% as bulls defy BTC dump, eye gains on rising volume

    Bitcoin Cash Price

    • Bitcoin Cash has seen a notable surge in the past 24 hours, gaining 8% to $554.
    • The altcoin sees gains as Bitcoin price dumps amid massive sell-off pressure.
    • With trading volume up 44% and rising open interest also surging, BCH could defy the benchmark asset’s dip further and eye highs last seen in December 2024.

    The Bitcoin Cash (BCH) price currently stands at approximately $551.

    While it’s off its intraday highs of $554, it remains above the $550 mark, up as one of the top gainers in the past 24 hours.

    According to CoinMarketCap, this comes as Bitcoin’s latest correction has many altcoins also showing weakness.

    Bitcoin Cash defies BTC dump with 7% gain

    BTC dropped to below $115k after Galaxy Digital, a prominent crypto investment firm, offloaded 30,000 BTC in under 24 hours.

    Liquidations spiked amid the Bitcoin dump, but Bitcoin Cash looked to buck the trend.

    Its intraday gains of over 8% see it rank among the top performers in the 100 largest cryptocurrencies by market cap.

    Bitcoin Cash price chart by CoinMarketCap

    Notably, gains keep BCH in an uptrend over the longer time frames. The altcoin’s price is on an upward trajectory since touching lows of $268 in April 2025.

    Also, the price gain amid a 44% increase in trading volume to over $870 million suggests potential buying pressure.

    Crypto analyst CW points to increased whale interest, particularly in China.

    Is BCH poised for a rally to $1,000?

    BCH price last traded at $1,000 in May 2021, at the time when bears pushed it lower from above $1,427.

    In the past year, an attempt by buyers to reclaim the level fizzled out at around $624 in December 2024.

    While the cryptocurrency has struggled for upside momentum, analysts are increasingly optimistic about Bitcoin Cash’s potential to rally toward $1,000.

    Other than the overall long-term bullish sentiment around crypto, the short-term picture highlights robust market metrics and technical outlook.

    BCH price chart by TradingView

    For instance, open interest in BCH derivatives has jumped 24% to $533 million, with volume 28% up to over $1.3 billion.

    A surge in speculative activity signals bullish confidence in the token’s price.

    The technical picture further bolsters this bullish outlook.

    The Relative Strength Index (RSI) currently reads 63.

    Meanwhile, the Moving Average Convergence Divergence (MACD), is also flashing a bullish crossover to hint at potential short-term upward pressure.

    If bulls manage a breakout to the supply wall at $540-$565, they could retest the $620-$650 area.

    Above this, resistance above $700 could allow bulls to target $1,000. Conversely, support lies around $480 and then $380.
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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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