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  • Story (IP) price dumps 25% as profit taking intensifies

    Story (IP) price dumps 25% as profit taking intensifies

    Story Price Bearish

    • Story (IP) price fell sharply to hit lows of $7.13 on Friday, extending losses amid profit taking.
    • IP drops as selling pressure wipes out millions in positions across the market.
    • Analysts say Story’s strong traction as a real-world assets platform could help IP price bounce.

    Story (IP), the token of the Story Protocol, has experienced a sharp correction in the past 24 hours.

    Amid a more than 25% dip, the IP token has erased most of the gains seen as bulls pushed to a new all-time high early this week.

    The losses have come amid heightened selling pressure as profit taking across the market hits major coins.

    IP price nosedives amid profit taking

    Story is the intellectual property blockchain targeted for a AI-native infrastructure for the $80 trillion IP asset class.

    The protocol’s IP token, which powers the blockchain designed to tokenize and manage intellectual property assets ranging from AI models to creative works, plummeted 25% in the last 24 hours.

    Losses saw price plummet to lows of $7.13, extending the dramatic drop that has followed IP’s surge to the all-time high of $14.89.

    This means Story’s price has dropped more than 51% since its peak on Sept. 22.

    Enthusiasm over the Story Protocol’s innovative approach to programmable IP licensing and its integration with decentralized applications drove bulls to dominance.

    But with Bitcoin selling off and major altcoins following suit, IP has pared most of the upside.

    IP price chart by TradingView

    Per data from CoinMarket, trading volume has increased 41% to over $361 million in the past day to suggest a rush of sell orders.

    The nosedive has intensified the profit taking the IP-focused blockchain solutions platform could yet witness fresh downside pain.

    Currently, Story trades near $7.20, with bears shaving off about 30% of IP value in the past week.

    Story Protocol, while innovative in its RWA approach, faces many of the headwinds that impact most cryptocurrencies, including a broader downturn of risk assets.

    Why are analysts bullish on Story (IP)?

    Despite the turmoil, some observers point to underlying strengths. Story Protocol’s recent tokenization of high-profile IP demonstrates real-world utility.

    Key partnerships and integrations signal this strong traction and in institutional interest amid AI and blockchain adoption growth, add to this bullish perspective.

    This is so as RWA takes shape, and the platform’s focus on the multi-trillion-dollar IP market gives it an edge.

    “At its core, Story is the only blockchain purpose-built to make IP programmable, traceable, and monetizable in real-time, at global scale.

    Conventional blockchains can represent static ownership but cannot embed dynamic, programmable license terms,” the Story team noted following mainnet launch.

    Crypto analysts have also pointed to Grayscale’s launch of the Story Trust as a potential catalyst for IP. Hype are ETFs and institutional demand could be key.

    Holding above $6.00 and successful bounce to $10 will buoy IP bulls. However, a dip below this key demand reload zone could allow sellers to target the $3.20 area.

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  • FARTCOIN price dips 20% as top whale takes profit

    FARTCOIN price dips 20% as top whale takes profit

    FARTCOIN price dips 20% as top whale takes profit

    • A large-scale holder has just offloaded 3 million FARTCOIN.
    • The meme token’s price has dropped 20% on the 24-hour chart.
    • Meme cryptos have plunged after the latest criticisms from Solana’s co-founder.

    Digital tokens recorded mixed performances in the past 24 hours, with most coins plunging.

    The meme token space witnessed multiple activities.

    While Gemini announced DOGE and SHIB as collaterals, a dramatic move shocked the Fartcoin community.

    According to Lookonchain, address 24BLFj has dumped a massive 3 million FARTCOIN tokens, pocketing $3.65 million.

    The investor sold at $1.22 as Fartcoin plunged from the intraday high of $1.4017.

    The meme cryptocurrency fell to $1.1253, a 19.71% decline from the daily peak.

    While Solana co-founder’s latest criticism of meme assets contributes to FARTCOIN’s weakness, the whale sell-off adds to the selling pressure.

    Anatoly Yakovenko said NFTs and meme cryptocurrencies lack intrinsic value.

    Meanwhile, this whale has invested in Fartcoin since late February, accumulating 8.89 million coins at discounted prices.

    Notably, the whale spent $0.26 on average to purchase the assets between 26 February and 21 March.

    The strategic investment, worth only $2.31 million, has grown to a massive profit of $8.07 million, a 349% ROI.

    While the large-scale offload has impacted the markets, it also shows that the investor played a long game with FARTCOIN.

    Most importantly, the sale could indicate dwindling confidence in FARTCOIN’s short-term performance.

    Is the meme token set for further declines?

    Fartcoin has plummeted continuously from $1.6843 on 23 July.

    Nevertheless, the whale has not dumped all his stash.

    They still hold FARTCOIN worth approximately $2.15 million (1.89 million coins).

    Thus, the offload signals a potential strategy change, not a complete exit. The investor could be bracing for more returns in a rebound.

    Most importantly, the sale reflects a calculated move.

    While panic sellers dump all their assets at once, the smart whale takes partial profits while waiting for any future rally.

    FARTCOIN price outlook

    The meme coin trades at $1.18 with a bearish structure.

    The 50% increase in daily trading volume signals intensified trader activity in FARTCOIN.

    That signals players seeking opportunities in the prevailing volatility or exiting their positions.

    The prevailing broad market sentiments support continued struggle for Fartcoin.

    Meme coin market overview

    The meme cryptocurrency space endured a bloodbath on Tuesday, with Dogecoin, Shiba Inu, and PEPE losing up to 10% on their daily charts.

    The seven-day timeframe also confirms bearish dominance.

    Only PENGU (+8.5%) and SPX (+18%) exhibit 7D days among the top meme coins by value.

    CoinGecko data shows the meme coins’ market cap plunged 4.6% the previous day to $79.55 billion.

    The substantial daily trading volume dip indicates dwindling interest in themed digital coins.

    The latest critique by Solana co-founder Anatoly Yakovenko magnified bearish sentiments in the meme crypto space.

    While meme activity has fueled Solana’s growth, Yakovenko blasted the asset class.

    He boldly said that “memecoins and NFTs are digital slop and have no intrinsic value.”

    Nevertheless, meme cryptocurrencies have proven crucial for the digital assets economy, often used as a proxy for broad market sentiments.
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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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  • Bitcoin Cash price forecast: BCH steady despite profit taking

    Bitcoin Cash price forecast: BCH steady despite profit taking

    Bitcoin Cash Token Steady Despite Profit Taking

    • Bitcoin Cash price hovered above $470 on June 18, 2025, despite broader profit taking.
    • BCH could break to December 2024 highs around $640.
    • However, a lack of decisive moves above $500 could allow for further declines if bearish momentum accelerates.

    Bitcoin Cash (BCH) is trading just below $470, marginally in the red for the day, while most major altcoins have seen sharper declines over the past 24 hours.

    The token, which is a fork of Bitcoin (BTC), is down 0.3% at the time of writing, faring better than most of the top 10 cryptocurrencies by market cap, which are down between 1.5% and 3%.

    The total market capitalization of all cryptocurrencies has declined 1.5% to $3.26 trillion, reflecting a broader pullback in risk assets across global markets.

    Bitcoin Cash price dips amid crypto market weakness

    Despite the profit-taking that has intensified as uncertainty looms with the geopolitical conflict in the Middle East, Bitcoin Cash shows notable resilience.

    Macroeconomic pressures have also not helped investor sentiment, providing a potential downturn outlook for BCH and most altcoins.

    The Bitcoin Cash price stood among the top gainers last week, rising to hit highs near $480.

    It outpaced peers and Bitcoin’s more modest gains as it extended above $400.

    However, the past 24 hours have seen BCH retreat from its multi-week highs, largely due to broader profit-taking across the market.

    Similar trends have seen Bitcoin price pullback from highs above $108k to under $105k, driven by geopolitical tensions.

    The recent military escalations between Israel and Iran have dampened investor confidence, contributing to market volatility.

    While there are positive developments, such as the US Senate’s passage of the GENIUS Act, broader uncertainty persists.

    Investors are thus largely cautious, a reflection seen in Bitcoin’s performance.

    Indecision runs high, and BCH’s delicate poise above $400 may be retested again.

    On the other hand, a flip could be huge for bulls.

    BCH price prediction

    Despite recent losses, Bitcoin Cash exhibits resilience, with bulls defending the $400 support level within an ascending triangle pattern.

    Often, such a pattern precedes bullish breakouts.

    Also steady is the Open Interest (OI) in BCH futures. Per Coinglass, OI has risen 2.8% to $487 million to signal continued trader confidence.

    Buyers may use the dip to position for a potential move.

    BCH chart by TradingView

    Technical indicators bolster this optimism, with the Relative Strength Index (RSI) at 65 to suggest sustained bullish momentum.

    Bitcoin Cash’s daily chart also has the Moving Average Convergence Divergence (MACD) showing a bullish crossover, suggesting buyers retain the upper hand.

    Should BCH break above the key $500 resistance, the next target lies at the December 2024 highs of $640, potentially signaling a broader rally.

    On the downside, strong support exists at $400, with $375 acting as a critical floor.

    A breach below these levels could accelerate bearish pressure, particularly if Bitcoin falls below the psychological $100k level.
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  • Bitcoin hits new all-time high,100% of BTC holders in profit

    Bitcoin hits new all-time high,100% of BTC holders in profit

    Bitcoin surges to all time high

    • Bitcoin hit a new all-time high above$109,000 on May 21, 2025.
    • The milestone saw 100% of BTC holders fall into profit.
    • Bitcoin also surpassed Amazon in terms of market cap

    Bitcoin price has just surged to a new all-time high above $109k.

    On May 21, 2025, the price of Bitcoin spiked more than 4%, storming past its previous ATH as optimism swept bears aside.

    Over $50 million worth of BTC shorts were liquidated in just an hour.

    100% of Bitcoin holders are in profit

    This latest Bitcoin price surge sent every other holder of the coin into a profitable position.

    According to data from Sentora, formerly IntoTheBlock, 100% of Bitcoin addresses were in the money amid the massive milestone.

    With Bitcoin (BTC) price retesting the $109k level, holders underwater declined to zero. Also at 0% were addresses with the money, meaning wallets whose average buy price was at or near the previous ATH.

    Sentora had earlier shared via X on May 21, 2025, that BTC holders were 99% in profit as the price crossed the $107k level.

    A lot of those celebrating the new ATH are hodlers who have held BTC for more than a year. The percentage count according to Sentora data is 75%. More than 21% have held Bitcoin for 1-12 months.

    Notably, when Bitcoin price fell to under $80k in April, new holder wallets were among those to aggressively offload.

    Analyst says BTC could hit $600k in 2025

    On May 21, as Bitcoin price surged towards its all-time high above $109k, Fred Krueger shared his staggering Bitcoin price prediction for 2025.

    According to the BTC bull, the top crypto could see its price hit $600k by October 2025. While this may be an overly bullish take, his forecast is that a run to $150k by the summer will provide the impetus for a new parabolic leg up.

    Bitcoin surpasses Amazon by market cap

    In the past 24 hours, the benchmark crypto has also notched another milestone – its market cap has surpassed that of Amazon.

    According to details on CompaniesMarketCap, Bitcoin’s spike above $109k sees it overtake Amazon, the leading e-commerce company listed in the U.S.

    While Amazon currently sits at a $2.157 trillion market cap, Bitcoin has increased to over 2.166 trillion.

     

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  • Bitcoin surges past $65k to push 90% of holders into profit

    Bitcoin surges past $65k to push 90% of holders into profit

    Bitcoin price has spiked past $65,000, reaching the highest price level since early August 2024. The surge to the $65k level, with BTC hitting $65,500 on Coinbase, has put more than 90% of Bitcoin holders into profit.

    Notably, the surge has other coins looking to break higher. Ethereum has strengthened above $2,600, BNB is above $600 and Solana has jumped to $157.

    BTC/USD price chart. Source: TradingView

    BTC hits 7-week high

    In recent weeks, Bitcoin had struggled to breach resistance at $60k.

    However, once bulls did, the flagship cryptocurrency has run to a seven-week high last seen on August 2, 2024. The coin’s price hit the $65.5k area on most major crypto exchanges to see it retest a level likely to be key for both bulls and bears.

    Earlier in the day, on-chain analytics platform IntoTheBlock noted that more than 90% of BTC holders would swing profitable if Bitcoin crossed the $65k.

    This has happened and with recent profit taking deals in mind, bulls may need further strengthening to continue higher. Short term, the key levels are at $68k and $70k – which could include a potential retest of the all-time high of $73k reached in March.

    Alternatively, bears may take advantage and return prices lower – a scenario witnessed in July/early August as BTC declined from highs of $70k.

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  • 17 straight days of positive realised profit for Bitcoin, the longest streak in a year

    17 straight days of positive realised profit for Bitcoin, the longest streak in a year

    • On-chain profit metrics have picked up as the Bitcoin price has risen
    • Net realised profits have been positive for 17 days, the longest streak in a year
    • 74% of the Bitcoin supply is in profit, three months after it dipped below 50% after FTX collapsed and the Bitcoin price fell towards $15,000
    • Volatility has picked up but it is the thin liquidity which is really helping Bitcoin make a run
    • It’s been a great quarter for investors, but there remains peril, writes our Analyst

    Bitcoin had an unforgettable year in 2022 for all the wrong reasons, a collapse in price coinciding with several ugly scandals that rocked the cryptocurrency market at large. 

    Thus far this year, however, it has been bouncing back. Up 71% as we close out Q1, it is trading north of $28,000 for the first time since June 2022. 

    Looking into on-chain metrics, the positive sentiment is clear.

    Net realised profit at one-year highs

    The net realised profit of all coins, that is the difference between the price at which a coin moves and the last price it moved at, is on its longest positive run since this time last year, in March 2022. 

    For seventeen days now, the net realised profit has been positive. In other words, coins are moving at prices higher than what they were bought at (or the price at which they last moved).

    There was an 18-day positive streak in late March / early April last year, and beyond that, we need to go back to Q4 of 2021 to see such a streak, when Bitcoin was trading at all-time highs. 

    Granted, the size of the profits over the last two weeks have not been as outsized as we have seen in previous periods, but the very fact that it is a positive run after the year Bitcoin has had is notable. 

    Three quarters of the supply is in profit

    Another way to see how much things have changed is that three-quarters of the total supply is currently in profit. 

    Just before Christmas, I reported when this figure dipped below 50%, meaning for the first time since the brief flash crash at the start of COVID in March 2020 when the financial markets all went bananas, the majority of the Bitcoin supply was loss-making. 

    Three months later, the picture is a lot brighter, with 74% of the total supply now in profit. 

    Liquidity remains low as stablecoins fly off exchanges

    Interestingly, this rise in prices and profit positions is all occurring at a time when liquidity is extremely low in the market. 

    In a deep dive yesterday, I compiled an analysis showing that the balance of stablecoins on exchanges has fallen 45% in the last four months and is currently the lowest since October 2021. 

    Perhaps that is not a coincidence. The markets are ultra-thin right now, and Bitcoin, which is volatile at the best of times, has found it easier to move aggressively as a result. This also helps explain why it has outperformed the stock market so significantly, despite being so tightly correlated with it recently (although some believers are arguing it is due to banking failures pushing people to Bitcoin, but that feels like a reach). 

    Then again, Bitcoin is going to Bitcoin, and its recent volatility is not anything to write home about when looking historically, even if it has picked up compared to the relatively serene period post FTX collapse. 

    To wrap this up, it’s been a superb few months to kick the year off for Bitcoin, which is a welcome reprieve for investors who got absolutely battered last year. On-chain profit metrics have come right up as sentiment improves and prices jump. 

    But there is also low liquidity which is helping it run-up, while the wider economy presents plenty of uncertainty. Sure, it’s a great start, but it’s not out of the woods yet. 

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  • 30+ million Bitcoin addresses are in profit after BTC spike

    30+ million Bitcoin addresses are in profit after BTC spike

    • Bitcoin addresses in profit is at a 9-month high of 30+ million.
    • More unique addresses in profit were last above 30 million in early April 2022.
    • Non-zero addresses also hit a 1-month high while addresses with 0.01+ BTC is at an all-time high.

    The number of Bitcoin addresses that are currently in profit has reached a 9-month high, on-chain data shared by crypto platform Glassnode shows.

    Per the metric, the percentage of unique addresses with Bitcoin funds in profit were 30,081,429 on Monday morning. The figure is a 7-day moving average measure and shows the current value of BTC in the wallets compared to the average buy price.

    Therefore, these 30 million plus BTC addresses currently hold coins that were valued lower at the time of their purchase when compared to their current value.

    Chart showing number of BTC in profit. Source: Glassnode.

    Addresses with 0.01+ coins hit all-time high

    At the time of writing, Bitcoin’s addresses in profit (7-day moving average) sat at a 9-month high after Bitcoin’s latest price action. The last time these many BTC addresses were in profit was in April-early May 2022 – with this happening as the events of Terra and Three Arrows Capital collapse helped to push prices below $40k.

    Bitcoin eventually sank to lows of $15,600 in November amid the FTX-triggered sell-off that likely saw more people buy Bitcoin.

    Now BTC is up more than 40% in 2023 and is currently above the $23,000 price level, helping add over 7 million more unique addresses into the profitable bracket as prices began to soar in January.

    Meanwhile, the number of non-zero addresses has also increased, reaching a 1-month high of over 43 million. Indeed, the number of addresses with 0.01+ coins has recently hit an all-time high of 11,484,618, according to on-chain data Glassnode shared early Monday.

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  • Bitcoin hits $18,200 as 13% more of of BTC supply in profit

    Bitcoin hits $18,200 as 13% more of of BTC supply in profit

    • Bitcoin price jumped more than 5% on Thursday to hit levels above $18,400.
    • According to on-chain data from Glassnode, the price rally has helped return 13% more BTC into profit; now 60.5% of circulating supply is in profit.
    • Only 47%-48% of BTC had been in profit between November 2022 and the start of January, 2023.

    Bitcoin’s breakout to prices above $18,200 has seen 13% more of circulating supply return into profit, on-chain data from Glassnode says.

    Per the platform, the sharp surge in percentage of supply in profit amid the latest crypto rally confirms a buy the dip scenario as prices fell in late 2022. Indeed, the metric suggests a large volume of the benchmark cryptocurrency was acquired at prices between $16,500 and $18,200.

    Bitcoin supply in profit jumps amid BTC rally

    Bitcoin price hit lows of $15,600 in November 2022 after a violent market reaction to the collapse of cryptocurrency exchange FTX. The price bounced to above $18,000 in mid-December before bulls hit resistance and BTC tumbled to below $17,000.

    The supply in profit or supply in loss metric considers the on-chain history of a coin, determining the price at which it last moved. Coins are in profit if the price at which they last moved is lower than the current price of BTC, while the percent in loss is when the current price of BTC is higher than the value of the coins when they last moved on-chain.

    According to Glassnode, more than half of Bitcoin circulating supply fell into loss between November and January this year. Approximately 47%-48% of BTC supply was in profit during the period.

    However, with 2023 starting positively for cryptocurrencies and BTC’s push to highs of $18,420 on 12 January, the percentage of circulating supply on profit has increased to 60.5%.

    As of writing, Bitcoin price is 5.2% up in the past 24 hours and data from CoinGecko shows the flagship cryptocurrency has rallied nearly 9% in the past week.

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