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Shiba Inu and Pepe Coin prices fire up for another big run, can they outpace this next-gen crypto that’s going viral?
Shiba Inu is getting green again, rising 4.29% to $0.00001501. Pepe Coin stayed put at about $0.00001352, although it dipped temporarily by 1.19%. But what's happening behind the scenes is that a hungry, ambitious new contender, Remittix (RTX), is creating genuine investor heat — and some insiders warn it could leave such meme coins in the dust.
SHIB and PEPE Buzz Builds Amid Altcoin Momentum
Shiba Inu price rally is accompanied by a general uptrend among top altcoins. SHIB coin recently broke a $8.8B market cap with a $751M daily volume on the back of consistent whale movement and Shiba Inu bullish news.
Shiba Inu is getting green again, rising 4.29% to $0.00001501. Pepe Coin stayed put at about $0.00001352, although it dipped temporarily by 1.19%. But what's happening behind the scenes is that a hungry, ambitious new contender, Remittix (RTX), is creating genuine investor heat — and some insiders warn it could leave such meme coins in the dust.
SHIB and PEPE Buzz Builds Amid Altcoin Momentum
Shiba Inu price rally is accompanied by a general uptrend among top altcoins. SHIB coin recently broke a $8.8B market cap with a $751M daily volume on the back of consistent whale movement and Shiba Inu bullish news.
#BONK
BONK’s rally coincides with LetsBonk surpassing Pump.fun as the dominant Solana launchpad, capturing 70% market share and generating $1.72 million in daily fees.
The platform launched 25,150 tokens in 24 hours, setting new records and establishing itself as the 7th biggest revenue-generating protocol in crypto.
The explosive growth has driven altcoin season indicators to 50, marking the biggest jump in weeks.
LetsBonk Ecosystem Fuels BONK’s Unprecedented Rally
LetsBonk has captured 70% of the Solana meme coin launchpad market share, generating $1.72 million in daily fees and launching over 25,000 tokens in 24 hours.
BONK’s rally coincides with LetsBonk surpassing Pump.fun as the dominant Solana launchpad, capturing 70% market share and generating $1.72 million in daily fees.
The platform launched 25,150 tokens in 24 hours, setting new records and establishing itself as the 7th biggest revenue-generating protocol in crypto.
The explosive growth has driven altcoin season indicators to 50, marking the biggest jump in weeks.
LetsBonk Ecosystem Fuels BONK’s Unprecedented Rally
LetsBonk has captured 70% of the Solana meme coin launchpad market share, generating $1.72 million in daily fees and launching over 25,000 tokens in 24 hours.
#Meme Coin Market
Explodes 51% to $83B Since June, BONK and PENGU Lead Weekly Gains
The meme coin market has surged 51% to $83.5 billion since June 30, with BONK leading weekly gains at 50.4% and Pudgy Penguins (PENGU) climbing 43.2% as the sector experiences its strongest rally since the peak mania period in April 2025.
The resurgence caps a dramatic year for meme coins, which reached a peak of $120 billion in April before crashing to $40-45 billion in May.
According to CoinGecko data, daily trading volume has reached $37.7 billion, with Dogecoin maintaining its dominance, despite newer tokens gaining ground, with a $36 billion market cap.
Explodes 51% to $83B Since June, BONK and PENGU Lead Weekly Gains
The meme coin market has surged 51% to $83.5 billion since June 30, with BONK leading weekly gains at 50.4% and Pudgy Penguins (PENGU) climbing 43.2% as the sector experiences its strongest rally since the peak mania period in April 2025.
The resurgence caps a dramatic year for meme coins, which reached a peak of $120 billion in April before crashing to $40-45 billion in May.
According to CoinGecko data, daily trading volume has reached $37.7 billion, with Dogecoin maintaining its dominance, despite newer tokens gaining ground, with a $36 billion market cap.
#EPIC
$EPIC is trending for the right reasons!
EPIC/USDT chart is maintaining and upward tracjectory, with the price steadily above the 5MA, 10MA, and 20MA, signaling strong bullish momentum.
The RSI is nearing overbought level, hinting at a possible pullback or consolidation. The MACD remains above the signal line, confirming bullish sentiment, with significant volume surges backing the upward trend.
#GENIUS #CMC Launch: Aster#
$EPIC is trending for the right reasons!
EPIC/USDT chart is maintaining and upward tracjectory, with the price steadily above the 5MA, 10MA, and 20MA, signaling strong bullish momentum.
The RSI is nearing overbought level, hinting at a possible pullback or consolidation. The MACD remains above the signal line, confirming bullish sentiment, with significant volume surges backing the upward trend.
#GENIUS #CMC Launch: Aster#
#Crypto Market Nears $4 Trillion!
The total crypto market cap is rapidly approaching $4T, fueled by renewed investor optimism following key legislative wins in the U.S. Recent gains in
BTC
$BTC, ETH, and
XRP
$XRP are pushing valuations higher after the U.S. House passed three major crypto bills ahead of the August recess.
#BTC Price Analysis# #XRP #Ripple
The total crypto market cap is rapidly approaching $4T, fueled by renewed investor optimism following key legislative wins in the U.S. Recent gains in
BTC
$BTC, ETH, and
XRP
$XRP are pushing valuations higher after the U.S. House passed three major crypto bills ahead of the August recess.
#BTC Price Analysis# #XRP #Ripple
#Crypto Market 24H Overview!
The total crypto market cap stands at $4.08 trillion (▲2.31%) with a 24-hour trading volume of $141B (▲8.66%). $ETH is leading today’s charge with a strong +4.89% gain, outperforming $BTC, which is up +1.03%.
BTC Dominance: 58.27% (▼0.82%)
ETH Dominance: 10.71% (▲3.05%)
The total crypto market cap stands at $4.08 trillion (▲2.31%) with a 24-hour trading volume of $141B (▲8.66%). $ETH is leading today’s charge with a strong +4.89% gain, outperforming $BTC, which is up +1.03%.
BTC Dominance: 58.27% (▼0.82%)
ETH Dominance: 10.71% (▲3.05%)
#BONK
$BONK frenzy dominates, seizing 70% of daily Launchpad volume — solidifying its position as a leading force in the memecoin arena.
#BlackRock #GENIUS
$BONK frenzy dominates, seizing 70% of daily Launchpad volume — solidifying its position as a leading force in the memecoin arena.
#BlackRock #GENIUS
💥 BLACKROCK JUST BOUGHT $750M #BITCOIN
Over 90% of BTC ETF flows yesterday were just BlackRock buying $764M of $BTC .
#BlackRock #BTC Price Analysis# #CMC Quest: Earn Rewards#BinanceHODLerERA
Over 90% of BTC ETF flows yesterday were just BlackRock buying $764M of $BTC .
#BlackRock #BTC Price Analysis# #CMC Quest: Earn Rewards#BinanceHODLerERA
🚨 #BlackRock Moves to Add Staking to #EthereumETF
BlackRock just filed to allow $ETH staking in its proposed iShares Ethereum Trust (ETHA) — a big step toward institutional #Ethereum yield.
📄 Nasdaq amends filing to permit staking via trusted providers
💸 ETF could earn passive income through Ethereum’s PoS model
⏳ Approval could take time, but momentum is building
Institutions want yield, and ETH is delivering it. #Macro Insights#BinanceHODLerERA
BlackRock just filed to allow $ETH staking in its proposed iShares Ethereum Trust (ETHA) — a big step toward institutional #Ethereum yield.
📄 Nasdaq amends filing to permit staking via trusted providers
💸 ETF could earn passive income through Ethereum’s PoS model
⏳ Approval could take time, but momentum is building
Institutions want yield, and ETH is delivering it. #Macro Insights#BinanceHODLerERA
🚨 250M $USDC just minted!
This massive stablecoin injection signals serious confidence in the crypto market.
Expect increased liquidity, bullish sentiment, and DeFi action.
Big money is positioning. Are you ready? 👀🚀
This massive stablecoin injection signals serious confidence in the crypto market.
Expect increased liquidity, bullish sentiment, and DeFi action.
Big money is positioning. Are you ready? 👀🚀
$MEME just woke up — +14% in a flash 🚀
• Sharp breakout after days of chop
• Volume exploding — highest in days
• EMA ribbon flipped bullish again
• Hit $0.002203 and holding above key support
Momentum’s back on meme coins. Eyes on this one for continuation.
Next meme wave might’ve just started 💥
#MEME #Altseason #CryptoTrends #Binance #MemecoinMagic
• Sharp breakout after days of chop
• Volume exploding — highest in days
• EMA ribbon flipped bullish again
• Hit $0.002203 and holding above key support
Momentum’s back on meme coins. Eyes on this one for continuation.
Next meme wave might’ve just started 💥
#MEME #Altseason #CryptoTrends #Binance #MemecoinMagic
MEME
$MEME #Meme Moving Towards Targets, Almost 50% Profit So Far, When Everyone Is In Fear We Shared These Entries And Now Running In Massive Profits
$MEME #Meme Moving Towards Targets, Almost 50% Profit So Far, When Everyone Is In Fear We Shared These Entries And Now Running In Massive Profits
Bonk Inu Ignites Memecoin Rally
BONK
$BONK has surged 15% in the past 24 hours and an impressive 113% over the last month, outpacing the top 100 tokens. With open interest on the rise and trading volume spiking, the key $0.000035 breakout level is now within reach.
BONK
$BONK has surged 15% in the past 24 hours and an impressive 113% over the last month, outpacing the top 100 tokens. With open interest on the rise and trading volume spiking, the key $0.000035 breakout level is now within reach.
Meme Coins Rally In July: PEPE, BONK, and WIF Pump, But This $0.08 Altcoin Might Be The Real Winner
BONK Price Breakout: Fibonacci Levels in Focus
BONK price recently hit $0.00003749, marking a 8.66% gain in 24 hours and a 35.4% rally over seven days amid ETF-driven inflows. Technical analysis highlights an immediate resistance at $0.000035, a key Fibonacci level that could trigger a 25% upswing if broken.
BONK Price Breakout: Fibonacci Levels in Focus
BONK price recently hit $0.00003749, marking a 8.66% gain in 24 hours and a 35.4% rally over seven days amid ETF-driven inflows. Technical analysis highlights an immediate resistance at $0.000035, a key Fibonacci level that could trigger a 25% upswing if broken.
m
Bitcoin, XRP Open Interest Nears Record High as Bull Market Pullback Unfolds
BTC is down, but not out as SOL finds new resistance at $168.
The bitcoin
BTC$118,229.24
market rally has stalled in the past 24 hours as expected, but instead of consolidation, prices have pulled back over 5% to $116,800 from record highs in a move typical of a bull market pullback. Reports suggest that profit-taking by long-term holders is weighing on the cryptocurrency's price.
This Company Holds More ETH Than The Ethereum Foundation
00:00
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01:07
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It's common for markets to revisit breakout points, in this case, the May 22 high of around $111,960, and test the underlying buying interest before chalking out bigger rallies. A similar dynamic played out earlier this year as prices dropped from over $100,000 of $75,000, revisiting the breakout point from late 2024.

BTC's daily and hourly charts. (TradingView/CoinDesk)Read More
From a technical analysis perspective, the broader bullish bias will prevail while prices remain locked in the ascending channel on the daily chart. Over the next 24 hours, the focus will be on the hourly chart, which shows a steep corrective trend lower, with prices trading below the Ichimoku cloud to suggest bearish momentum.
However, the RSI on the hourly chart has dropped below 30, indicating an oversold condition – a stark contrast to the above-70 or overbought reading seen a day ago. So, a bounce cannot be ruled out. The probability of a pullback to $111,960 would weaken if the potential recovery ends the downward-trending channel. Such a move will likely result in fresh record highs.
Open interest nears record high
Volatility could remain high as cumulative open interest in onshore and offshore futures and offshore perpetual futures has increased to 734.82K BTC, which is just shy of the record 744K BTC in October 2022, according to data source CoinGecko.

BTC futures open interest nears record high. (Coinglass)Read More
The growth in open interest is likely being led by offshore exchanges as the number of active contracts on the CME remains below the May high, with the three-month annualized basis still below 10%. Conversely, annualized funding rates on offshore perpetuals have topped 11%, indicating a growing demand for the bullish exposure.
MOVE Index turns higher
The MOVE index, which gauges 30-day implied volatility in U.S. Treasury notes, has rebounded from a critical level that has consistently foreshadowed sharp spikes in market volatility since 2024.

MOVE vs BTC. (TradingView)
That's a cause for concern for the bulls because volatility spikes in the Treasury market tend to lead to financial tightening, a risk-off development. Moreover, since 2024, bottoms in MOVE have marked interim BTC price tops.
Watch out for the history to repeat itself, leading to a deeper BTC bull market pullback.
AI's take: Bitcoin's 5% pullback is a healthy bull market feature, aiming to retest the key breakout level of $111,960 before potentially initiating a stronger rally.
Resistance: $118,000-118,500, $120,000, $123,181
Support: $113,688 (the 38.2% Fib retracement of the rally from June 22 lows), $111,965, $107,823 (the 61.8% Fib)
XRP: Holds 100-hour MA and cloud support
XRP
XRP$2.9259
has dropped from $3 and appears to be trapped in a downward-trending channel on the hourly chart, mirroring BTC. Still, XRP appears relatively better off, holding the confluence of the 100-hour simple moving average (SMA) and the Ichimoku cloud at $2.81.
A breakout from here would imply an end to the correction and resumption of the broader uptrend toward the yearly peak of $3.4. On the way higher, bulls will likely be tested again at around $3.

XRP's hourly chart. (TradingView)
Watch out for the move below the Ichimoku cloud, as that would strengthen the immediate bear case, shifting focus to the 200-hour SMA at $2.6.
Again, volatility could be elevated with perpetual futures open interest hitting a record high of 2.74 billion XRP, according to Coinglass. The annualized XRP funding rates hover at 15%, indicating a growing bias for leveraged bullish plays.

XRP's futures open interest hits record high. (Coinglass)Read More
AI's take: Despite XRP's hourly chart showing a BTC-mirroring downtrend from $3, its strong hold above the 100-hour SMA and Ichimoku cloud at $2.81 signals underlying support. Record perpetual futures open interest and high funding rates indicate significant leveraged bullish demand, making a breakout above $3, towards $3.4, likely if current support holds.
Resistance: $3, $3.4
Support: $2.81, $2.6-$2.65, $2.38
ETH: Awaiting breakout
Ether (ETH) remains trapped in an expanding triangle, with the daily stochastic flashing an overbought reading, pointing to stretched upward momentum, which weakens the case for a firm breakout in the short term. A consolidation around the resistance looks likely as prices are firmly above the Ichimoku cloud on the daily chart and short-term SMAs point north, indicating a bullish bias. An eventual breakout would shift focus to $3,400, a level targeted by options traders.

ETH's daily chart. (TradingView)
AI's take: The daily stochastic being overbought indicates that momentum is stretched, making a convincing push above the upper trendline unlikely in the short term.
Resistance: $3,067 (the 61.8% Fib retracement), $3,500, $3,570, $4,000.
Support: $2,905, $2,880, $2,739, $2,600
SOL: $168 is the new resistance level
SOL's upside remains elusive despite the dual breakout on the daily chart. Since Friday, the bulls have failed at least twice to chew through bearish pressures at around $168, as evidenced by the long upper wicks attached to the candles for Monday and Friday. So, a break above $168 is now needed to confirm bullishness.
On the downside, $157 is the level to watch as it marks the neckline support of the double top pattern on the hourly chart. A breakdown of the support line would imply potential for a deeper decline to $146, per the measured move method.

SOL's hourly chart. (TradingView)
AI's take: Traders should watch for a definitive break above $168 to confirm bullish continuation; otherwise, a loss of the $157 neckline support could trigger a deeper decline towards $146.
Resistance: $168, $180-$190, $200.
Support: $157, $145, $125.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
market analysisBitcoinXRPopen interestSolanaEther
Omkar Godbole
Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.

AI Boost
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk's AI Policy.

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BTC is down, but not out as SOL finds new resistance at $168.
The bitcoin
BTC$118,229.24
market rally has stalled in the past 24 hours as expected, but instead of consolidation, prices have pulled back over 5% to $116,800 from record highs in a move typical of a bull market pullback. Reports suggest that profit-taking by long-term holders is weighing on the cryptocurrency's price.
This Company Holds More ETH Than The Ethereum Foundation
00:00
/
01:07
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
It's common for markets to revisit breakout points, in this case, the May 22 high of around $111,960, and test the underlying buying interest before chalking out bigger rallies. A similar dynamic played out earlier this year as prices dropped from over $100,000 of $75,000, revisiting the breakout point from late 2024.

BTC's daily and hourly charts. (TradingView/CoinDesk)Read More
From a technical analysis perspective, the broader bullish bias will prevail while prices remain locked in the ascending channel on the daily chart. Over the next 24 hours, the focus will be on the hourly chart, which shows a steep corrective trend lower, with prices trading below the Ichimoku cloud to suggest bearish momentum.
However, the RSI on the hourly chart has dropped below 30, indicating an oversold condition – a stark contrast to the above-70 or overbought reading seen a day ago. So, a bounce cannot be ruled out. The probability of a pullback to $111,960 would weaken if the potential recovery ends the downward-trending channel. Such a move will likely result in fresh record highs.
Open interest nears record high
Volatility could remain high as cumulative open interest in onshore and offshore futures and offshore perpetual futures has increased to 734.82K BTC, which is just shy of the record 744K BTC in October 2022, according to data source CoinGecko.

BTC futures open interest nears record high. (Coinglass)Read More
The growth in open interest is likely being led by offshore exchanges as the number of active contracts on the CME remains below the May high, with the three-month annualized basis still below 10%. Conversely, annualized funding rates on offshore perpetuals have topped 11%, indicating a growing demand for the bullish exposure.
MOVE Index turns higher
The MOVE index, which gauges 30-day implied volatility in U.S. Treasury notes, has rebounded from a critical level that has consistently foreshadowed sharp spikes in market volatility since 2024.

MOVE vs BTC. (TradingView)
That's a cause for concern for the bulls because volatility spikes in the Treasury market tend to lead to financial tightening, a risk-off development. Moreover, since 2024, bottoms in MOVE have marked interim BTC price tops.
Watch out for the history to repeat itself, leading to a deeper BTC bull market pullback.
AI's take: Bitcoin's 5% pullback is a healthy bull market feature, aiming to retest the key breakout level of $111,960 before potentially initiating a stronger rally.
Resistance: $118,000-118,500, $120,000, $123,181
Support: $113,688 (the 38.2% Fib retracement of the rally from June 22 lows), $111,965, $107,823 (the 61.8% Fib)
XRP: Holds 100-hour MA and cloud support
XRP
XRP$2.9259
has dropped from $3 and appears to be trapped in a downward-trending channel on the hourly chart, mirroring BTC. Still, XRP appears relatively better off, holding the confluence of the 100-hour simple moving average (SMA) and the Ichimoku cloud at $2.81.
A breakout from here would imply an end to the correction and resumption of the broader uptrend toward the yearly peak of $3.4. On the way higher, bulls will likely be tested again at around $3.

XRP's hourly chart. (TradingView)
Watch out for the move below the Ichimoku cloud, as that would strengthen the immediate bear case, shifting focus to the 200-hour SMA at $2.6.
Again, volatility could be elevated with perpetual futures open interest hitting a record high of 2.74 billion XRP, according to Coinglass. The annualized XRP funding rates hover at 15%, indicating a growing bias for leveraged bullish plays.

XRP's futures open interest hits record high. (Coinglass)Read More
AI's take: Despite XRP's hourly chart showing a BTC-mirroring downtrend from $3, its strong hold above the 100-hour SMA and Ichimoku cloud at $2.81 signals underlying support. Record perpetual futures open interest and high funding rates indicate significant leveraged bullish demand, making a breakout above $3, towards $3.4, likely if current support holds.
Resistance: $3, $3.4
Support: $2.81, $2.6-$2.65, $2.38
ETH: Awaiting breakout
Ether (ETH) remains trapped in an expanding triangle, with the daily stochastic flashing an overbought reading, pointing to stretched upward momentum, which weakens the case for a firm breakout in the short term. A consolidation around the resistance looks likely as prices are firmly above the Ichimoku cloud on the daily chart and short-term SMAs point north, indicating a bullish bias. An eventual breakout would shift focus to $3,400, a level targeted by options traders.

ETH's daily chart. (TradingView)
AI's take: The daily stochastic being overbought indicates that momentum is stretched, making a convincing push above the upper trendline unlikely in the short term.
Resistance: $3,067 (the 61.8% Fib retracement), $3,500, $3,570, $4,000.
Support: $2,905, $2,880, $2,739, $2,600
SOL: $168 is the new resistance level
SOL's upside remains elusive despite the dual breakout on the daily chart. Since Friday, the bulls have failed at least twice to chew through bearish pressures at around $168, as evidenced by the long upper wicks attached to the candles for Monday and Friday. So, a break above $168 is now needed to confirm bullishness.
On the downside, $157 is the level to watch as it marks the neckline support of the double top pattern on the hourly chart. A breakdown of the support line would imply potential for a deeper decline to $146, per the measured move method.

SOL's hourly chart. (TradingView)
AI's take: Traders should watch for a definitive break above $168 to confirm bullish continuation; otherwise, a loss of the $157 neckline support could trigger a deeper decline towards $146.
Resistance: $168, $180-$190, $200.
Support: $157, $145, $125.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
market analysisBitcoinXRPopen interestSolanaEther
Omkar Godbole
Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.

AI Boost
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk's AI Policy.

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XRP: Holds 100-hour MA and cloud
XRP
XRP$2.9250
has dropped from $3 and appears to be trapped in a downward-trending channel on the hourly chart, mirroring BTC. Still, XRP appears relatively better off, holding the confluence of the 100-hour simple moving average (SMA) and the Ichimoku cloud at $2.81.
A breakout from here would imply an end to the correction and resumption of the broader uptrend toward the yearly peak of $3.4. On the way higher, bulls will likely be tested again at around $3.
XRP
XRP$2.9250
has dropped from $3 and appears to be trapped in a downward-trending channel on the hourly chart, mirroring BTC. Still, XRP appears relatively better off, holding the confluence of the 100-hour simple moving average (SMA) and the Ichimoku cloud at $2.81.
A breakout from here would imply an end to the correction and resumption of the broader uptrend toward the yearly peak of $3.4. On the way higher, bulls will likely be tested again at around $3.
BONK Surges 12% as Grayscale Monitoring Sparks Institutional Momentum
BONK rallies as Grayscale adds it to institutional monitoring, with 2.6T volume signaling growing Wall Street interest in meme coins
What to know:
BONK gained 12% from $0.0000250 to $0.0000281 before consolidating at $0.0000265 (+6.2%).Grayscale Investments added BONK to its institutional monitoring list, boosting investor confidence.Volume peaked at 2.6 trillion tokens during the rally, with support forming at $0.0000261–$0.0000264.
BONK rallies as Grayscale adds it to institutional monitoring, with 2.6T volume signaling growing Wall Street interest in meme coins
What to know:
BONK gained 12% from $0.0000250 to $0.0000281 before consolidating at $0.0000265 (+6.2%).Grayscale Investments added BONK to its institutional monitoring list, boosting investor confidence.Volume peaked at 2.6 trillion tokens during the rally, with support forming at $0.0000261–$0.0000264.
2.5 Million WCT Tokens Moved to Binance in $2.34 Million Transfer
In a recent development, a significant transaction involving the cryptocurrency WCT has caught the attention of the crypto community. Approximately eight hours ago, the address 0x19F…cCA67 received 2.5 million WCT tokens from the WalletConnect project team’s multi-signature wallet. This transfer, valued at around $2.34 million, was swiftly moved to the cryptocurrency exchange Binance, raising questions and speculation about the motives behind the transaction.
The address 0x19F…cCA67 had previously acquired 2.5 million tokens during the token generation event (TGE) just a month earlier. This historical context adds an additional layer of intrigue to the recent transaction. The connection between the address and Arrington Capital has been noted, although the exact intentions behind the transfer remain unclear. It is uncertain whether the recipient plans to use these funds for liquidity provision or to liquidate for profit.
The swift movement of such a substantial amount of tokens to Binance suggests a strategic maneuver, potentially aimed at influencing market dynamics. The implications of this transfer for liquidity in the crypto space are yet to be fully understood. As the market continues to monitor these developments, the actions of key players like Arrington Capital will be closely watched for any further insights into their strategies and the broader impact on the cryptocurrency ecosystem.
In a recent development, a significant transaction involving the cryptocurrency WCT has caught the attention of the crypto community. Approximately eight hours ago, the address 0x19F…cCA67 received 2.5 million WCT tokens from the WalletConnect project team’s multi-signature wallet. This transfer, valued at around $2.34 million, was swiftly moved to the cryptocurrency exchange Binance, raising questions and speculation about the motives behind the transaction.
The address 0x19F…cCA67 had previously acquired 2.5 million tokens during the token generation event (TGE) just a month earlier. This historical context adds an additional layer of intrigue to the recent transaction. The connection between the address and Arrington Capital has been noted, although the exact intentions behind the transfer remain unclear. It is uncertain whether the recipient plans to use these funds for liquidity provision or to liquidate for profit.
The swift movement of such a substantial amount of tokens to Binance suggests a strategic maneuver, potentially aimed at influencing market dynamics. The implications of this transfer for liquidity in the crypto space are yet to be fully understood. As the market continues to monitor these developments, the actions of key players like Arrington Capital will be closely watched for any further insights into their strategies and the broader impact on the cryptocurrency ecosystem.
pepe
Technical structure still favors bulls
Despite the intraday dip, the broader 4-hour trend remains bullish, with PEPE holding above a rising trendline drawn from early July lows. The 20 and 50 EMA cluster near $0.00001200 and $0.00001169, providing a technical base for the price to consolidate. Bollinger Bands suggest volatility is compressing, raising the prospect of a breakout once accumulation completes. The RSI has recovered from oversold levels and now reads 53, while MACD shows a minor bullish crossover.
To sustain upward momentum, PEPE must reclaim the $0.00001260–$0.00001300 range, with a clean break above $0.00001290 potentially opening the door to $0.00001380. Failure to hold $0.00001180 could invite further downside toward $0.00001080 and possibly $0.00001039.
In our prior coverage, we noted that a move above $0.00001200 would need to be defended by bulls to sustain upward pressure. That scenario continues to play out, with PEPE currently consolidating above this level. However, the short-term trend remains vulnerable unless bulls step in strongly above the $0.00001290 threshold.
Technical structure still favors bulls
Despite the intraday dip, the broader 4-hour trend remains bullish, with PEPE holding above a rising trendline drawn from early July lows. The 20 and 50 EMA cluster near $0.00001200 and $0.00001169, providing a technical base for the price to consolidate. Bollinger Bands suggest volatility is compressing, raising the prospect of a breakout once accumulation completes. The RSI has recovered from oversold levels and now reads 53, while MACD shows a minor bullish crossover.
To sustain upward momentum, PEPE must reclaim the $0.00001260–$0.00001300 range, with a clean break above $0.00001290 potentially opening the door to $0.00001380. Failure to hold $0.00001180 could invite further downside toward $0.00001080 and possibly $0.00001039.
In our prior coverage, we noted that a move above $0.00001200 would need to be defended by bulls to sustain upward pressure. That scenario continues to play out, with PEPE currently consolidating above this level. However, the short-term trend remains vulnerable unless bulls step in strongly above the $0.00001290 threshold.
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