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Buyers

From Apes to Punks, NFTs roar back with triple the buyers

by admin August 17, 2025

The NFT market has staged a strong recovery NFTs are staging a comeback, with buyer activity nearly tripling and sales volume rising by 30.09% to $173.2 million.

New data from CryptoSlam reveals that NFT buyers and sellers surged, while total transactions declined. This suggests renewed market participation is concentrated in higher-value trades.

Ethereum led the pack with an 85% weekly gain—though it also saw wash trading soar 354%. Collections like CryptoPunks and Bored Ape Yacht Club posted eye-catching sales spikes, underscoring how blue-chip NFTs continue to drive the market even in a turbulent crypto backdrop. Read on for more:

Summary

NFT sales rebounded strongly with 30% growth to $173.2 million
Bored Ape Yacht Club dominated both collection rankings and individual sales
Market participation nearly tripled as buyers returned

According to data from CryptoSlam, market participation has rebounded with NFT buyers surging by 190.41% to 214,716 and NFT sellers increasing by 168.71% to 115,289.

However, NFT transactions have decreased by 10.65% to 1,553,949.

The sales jump is happening as Bitcoin (BTC) price has dropped to the $117,000 level after hitting a new ATH of $124,000.

At the same time, Ethereum (ETH) has dropped to $4,400 after hitting $4,700. The global crypto market cap is now $3.97 trillion.

Ethereum wash trading jumps

Ethereum has strengthened its leading position with $105.4 million in sales and jumped by 85% from the previous week.

Ethereum’s wash trading has also surged by 353.99% to $30.1 million.

BNB (BNB) Chain has climbed to second place with $18.1 million, rising 33.48%. Polygon (POL) has fallen to third position with $11.5 million, declining 35.51%.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

Despite this drop, Polygon’s wash trading has surged by 605.87% to $46,605.

Mythos Chain maintains fourth place with $9.3 million, down 3.52%. Solana (SOL) holds fifth with $8.9 million, up 10.14%.

Immutable (IMX) has climbed to sixth place with $8 million, representing a 30.62% increase. Bitcoin has dropped to seventh place, with $4.4 million, a 69.33% decline.

The buyer count has increased across most blockchains, with Polygon leading at 885% growth, followed by Bitcoin at 712.30% and Immutable at 546.26%.

Bored Ape Yacht Club sales jump 500%

CryptoPunks has reclaimed the top spot in collection rankings with $21 million in sales, surging 90.95%. The collection has seen growth in transactions (121.05%) while maintaining stable buyer and seller counts.

Bored Ape Yacht Club has jumped to second place with $15.6 million, jumping by almost 500%. The collection has more than doubled its transactions (161.40%) and seen growth in both buyers (22.41%) and sellers (20%).

The Courtyard on Polygon has fallen to third place with $10.3 million, a decline of 35.22%. The collection has seen substantial drop in buyers (67.81%) and sellers (48.80%).

SpinNFTBox on BNB Chain holds the fourth position with $7.2 million, representing a 56.17% increase. Pudgy Penguins sits in fifth with $6.3 million, up 31.51%.

Notable high-value sales from this week include:

Bored Ape Yacht Club #4795 sold for 200 ETH ($909,183)
Bored Ape Yacht Club #2337 sold for 140 ETH ($634,809)
Bored Ape Yacht Club #9670 sold for 140 ETH ($633,982)
Bored Ape Yacht Club #7706 sold for 140 ETH ($633,982)
Bored Ape Yacht Club #9670 sold for 100 ETH ($453,435)

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August 17, 2025 0 comments

GameFi Guides

Pro-Ripple Lawyer Predicts PayPal and Binance Among Potential Buyers

by admin June 20, 2025

Crypto attorney John E. Deaton has just added fuel to the XRP debate by publicly speculating that Uphold, the platform most synonymous with XRP support, could be snapped up by a major player.

He has a long list of potential buyers, including Coinbase, Kraken, Binance, Gemini, Robinhood, Ripple and even some big names from the traditional finance world like JPMorgan, Goldman Sachs, Fidelity, Citi and PayPal.

Why not?

But there is one big catch. Simon McLoughlin, the CEO of Uphold, is known to be a big fan of XRP and the XRPFi ecosystem. He is not just a supporter — he is a believer.

That personal conviction may make any acquisition difficult unless buyers are willing to pay well above the market rate. McLoughlin could either hold the line or drive the asking price into the stratosphere.

XRP Early Buyers Accelerate Profit-Taking as Regulatory Wins Bolster XRP Ecosystem

by admin June 20, 2025

XRP XRP has staged one of the strongest rallies among crypto majors this cycle, but early retail holders are heading for the exit under the surface.

Now trading above $2 — more than thrice its pre-rally base from October 2024 — XRP has become one of the best-performing large-cap tokens over the past 8 months. Investors who bought below 60 cents are sitting on gains upward of 300%, prompting a sharp pickup in profit-taking.

According to on-chain data from Glassnode, the 7-day simple moving average (SMA) of realized profits from XRP wallets hit $68.8 million earlier this month, the highest in over a year. That’s a clear sign of distribution pressure, with early accumulators cashing out into strength as the token tests key resistance levels just below its 2021 peak.

That profit-taking pressure may help explain XRP’s failure to break above $2.20 in recent sessions, despite multiple bullish headlines and technical tailwinds.

Read more: XRP Drops 5% as High-Volume Selling Pressure Dominates Market

While the broader setup remains positive, supported by regulatory clarity in the U.S. and Ripple’s growing push into tokenized asset infrastructure, the near-term price action reflects a supply overhang from long-term holders.

A recent CryptoQuant analysis showed that the 1-year cumulative buy/sell quote volume difference for altcoins (excluding BTC and ETH) — a proxy for net investor flows — currently stands at negative $36 billion. That’s a sharp reversal from December 2024, when the metric briefly flipped positive, marking a local top for altcoins.

Since then, it’s been a one-way bleed, with “altcoin investors MIA,” CryptoQuant independent analyst Burak Kesmeci said in a Thursday post.

Despite pockets of strength in XRP, SOL, and a few narrative tokens tied to real-world assets (RWAs), the broader altcoin ecosystem remains stuck in a bear market, he noted.

Unless risk appetite returns or capital flows back into Layer 1s, DeFi, and gaming, hopes of an “altseason” may continue to fade into the summer.

Read more: XRP Hits 12-Year Milestone With Over 2,700 Whales, Holding Over 1M XRP, Onchain Data Show

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June 20, 2025 0 comments

Crypto Trends

NEAR Protocol Surges 5% as Buyers Dominate Amid Middle East Tensions

by admin June 19, 2025

CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.

All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.

CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.

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June 19, 2025 0 comments

Crypto Trends

Uniswap’s UNI Token Extends Recovery as Buyers Defend $7.14 Support

by admin June 18, 2025

Uniswap’s governance token continues its impressive comeback, trading above $7.46 Tuesday after rallying 70% from its yearly low of $4.551 on April 7. The token has logged seven weekly gains in the past eight weeks—its longest positive stretch since early 2023—and is now firmly trading above key resistance levels that capped earlier recovery attempts.

The broader structure now reflects a classic bullish reversal, with a prolonged downtrend giving way to sharp rebounds, strong support formation, and improving sentiment around Uniswap’s on-chain governance and market role. Buyers absorbed a sharp drawdown earlier in the session and quickly stepped back in, establishing a new base around $7.14–$7.17.

That support zone now defines the lower bound of the token’s recent trading range. The latest rally saw the token push through prior local highs despite some intraday profit-taking near the $7.52 mark. The consistent pattern of higher lows and strong volume near key inflection points indicates a potentially sustainable uptrend, though a clean break above $7.60 would likely be needed to confirm a full momentum shift.

Technical Analysis Highlights

UNI traded in a 24-hour range of $0.650, from $7.142 to $7.792, reflecting 8.7% intraday volatility.
A sharp sell-off bottomed at $7.142 during the 10:00 hour, with volume spiking to 3.96 million—78% above the daily average.
The following hour saw volume increase to 4.69 million as buyers stepped in, triggering a V-shaped recovery.
Price reached $7.578 by 15:00 before facing resistance and temporary consolidation.
At 17:33, UNI dipped to $7.37, followed by a surge between 17:37 and 17:39, with volume rising to nearly 3x the hourly average.
Price peaked at $7.53 during the 18:00 candle with volume of 162K, representing a 5.8% gain from the hour’s low.
Despite some profit-taking near $7.52, price action held above mid-range, extending the recovery into a more defined uptrend.

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.

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June 18, 2025 0 comments

Crypto Trends

Bitcoin Loans Open Real Estate to Crypto-Rich Buyers

by admin June 15, 2025

Bitcoin holders leverage crypto-backed loans to buy real estate without selling a single sat while sidestepping capital gains taxes.

The emerging trend is gaining momentum among early crypto adopters, entrepreneurs, and high-net-worth individuals who are “Bitcoin wealthy” but often don’t meet the traditional criteria for real estate financing, Mauricio Di Bartolomeo, co-founder of Ledn, told Cointelegraph.

Bitcoin-backed lending models allow borrowers to leverage their crypto without divesting. Since taking a loan doesn’t typically count as a taxable event, clients can access liquidity while retaining upside exposure.

“Borrowing using your Bitcoin as collateral doesn’t typically trigger capital gains taxes in most jurisdictions because borrowing against an asset is typically not a taxable event — you are not selling your Bitcoin,” Di Bartolomeo said.

Related: How to buy a home with a crypto-backed loan

Bitcoin loans fund homes fast

To secure a Bitcoin (BTC) loan, clients lock up BTC at a typical 50% loan-to-value (LTV) ratio and receive fiat or stablecoins. The average funding time for one lender is 9.6 hours, Di Bartolomeo said. These funds are then used either as a down payment or to cover the entire cost of a property.

The model also offers some flexibility. Interest and fees accrue over the loan term, with no mandatory monthly payments. Repayment can occur anytime without penalties, and loans can be renewed if the LTV remains under 60%. Borrowers also retain the right to withdraw excess collateral if Bitcoin appreciates during the loan term.

Ledn’s Bitcoin loan calculator. Source: Ledn

Di Bartolomeo said that Ledn’s Bitcoin loans have found strong adoption in Latin America, the US, and parts of Europe. “The beauty of Bitcoin as collateral is that it is borderless,” he said.

A recurring concern with BTC-backed loans is volatility. “As Bitcoin price drops and the LTV increases, clients will receive notifications to send additional collateral,” Di Bartolomeo explained.

If the LTV reaches 80%, the lender sells the necessary amount of BTC to repay the loan, returning any remainder to the borrower. Since the real estate transaction has already occurred, a liquidation doesn’t reverse the property purchase — it simply settles the loan.

Related: Maple Finance, FalconX secure Bitcoin-backed loans from Cantor Fitzgerald — Report

Bitcoin as collateral, no credit check needed

Traditional lenders often shy away from crypto due to regulatory uncertainty and credit risk. However, Di Bartolomeo said Bitcoin loans can bypass the need for credit scores entirely. Borrowers post 2:1 collateral, and lenders can liquidate instantly if the value falls.

“We believe Bitcoin is the world’s most pristine collateral. It trades 24/7, it is deeply liquid, and transactions can be sent globally in real-time,” Di Bartolomeo noted.

Ledn issued over $300 million in retail loans in the first quarter of 2025 and is on pace to exceed $1 billion by year’s end, the firm said. Furthermore, in 2024, clients earned eight times more from Bitcoin’s appreciation than they paid in interest, with over 1,000 BTC withdrawn as excess collateral when prices climbed.

Di Bartolomeo added that more and more high-net-worth individuals are turning to Bitcoin-backed loans. Rather than cashing out, they are leveraging their BTC holdings to access hard assets like real estate, maintaining exposure to what they view as their best-performing investment.

“They want to keep the exposure to their highest and best performing asset, and still get to enjoy moving into a new property without selling their Bitcoin.”

In May, Seamus Rocca, CEO of the Gibraltar-based private bank Xapo Bank, said Bitcoin holders are becoming more comfortable borrowing against their crypto as market confidence grows.

On March 18, Xapo Bank launched a lending product that allows users to borrow US dollars using their Bitcoin as collateral. With the product, qualified clients can access up to $1 million in loans while keeping their BTC.

Magazine: Will Bitcoin tap $119K if oil holds? SharpLink buys $463M ETH: Hodler’s Digest, June 8 – 14

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June 15, 2025 0 comments

Crypto Trends

BNB maintains exchange dominance; Lightchain AI gains influence among serious crypto buyers

by admin June 8, 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

As BNB continues to lead through exchange-driven dominance, Lightchain AI is capturing early momentum by building where it matters, on-chain, with infrastructure and investor conviction.

BNB continues to maintain its dominance across major exchanges, but Lightchain AI is quietly gaining influence where it counts, among serious crypto buyers looking for early momentum and real infrastructure. With all 15 presale stages completed and a Bonus Round now active at a fixed price of $0.007, Lightchain AI has already attracted nearly $21 million in participation.

Backed by an AI-native Virtual Machine, decentralized governance, and strong developer incentives, the project is earning traction without relying on exchange power. It’s not just available, it’s being chosen by buyers who see long-term potential and want in before the rest catch on.

BNB leads through centralized exchange ecosystem strength

BNB still dominates the centralized exchange space with strong on-chain behavior as well as strategic infrastructure upgrades. Q1 2025 witnessed a 58.1% quarter-on-quarter growth of network revenue on BNB Chain to $70.8 million, with a 122.6% increase in wallet-to-wallet transaction fees to become the highest revenue contributor over DeFi.

BNB Chain preserved its rank as the fourth largest cryptocurrency with market capitalization excluding stablecoins even though the market capitalization of BNB Chain decreased by 14.8% to $86.2 billion. Daily active users on the network surged 26.4% to 1.2 million, and average daily transactions jumped 20.9% to 4.9 million.

Technological innovations such as Pascal hard forking, EIP-7702 smart contract wallets, and BLS12-381 cryptography technology were added to BNB Chain to improve EVM compatibility and overall system scalability. Moreover, the BNB Good Will Alliance alone took actions in utilizing sandwich attack filtering which resulted in over 90% drop in these attacks on BNB Smart Chain.

The news reflects BNB’s mission to build an enhanced centralized exchange ecosystem and continue to play a leading role in the changing world of blockchain.

Lightchain AI builds credibility with strategic buyer engagement

Lightchain AI is building real credibility through strategic buyer engagement backed by visible delivery. With over $21 million raised and the Bonus Round underway, momentum isn’t just speculative, it’s earned.

High-value wallets are accumulating steadily, recognizing the value of a platform offering decentralized validator nodes, a live Developer Portal, and public GitHub access. Lightchain’s tokenomics reinforce trust, redirecting the original 5% Team Allocation into grants and infrastructure growth.

With the Meme Launchpad and core tools already active, Lightchain AI presents a transparent, scalable foundation for builders and investors alike. Strategic engagement here signals belief in long-term ecosystem strength, not just short-term hype.

Lightchain AI: Project smart investors should check out

Lightchain AI is turning heads, and for good reason. With a sharp design, flawless execution, and a team that delivers, it’s no wonder savvy investors are lining up. When it comes to strong leadership, a clear vision, and proven results, Lightchain AI checks every box. Interested investors can join the community of forward-thinking investors who see the future in Lightchain AI.

For more information on Lightchain AI, visit its website, X, or Telegram.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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June 8, 2025 0 comments

NFT Gaming

Pepe croaks as whale exodus deepens and buyers flinch

by admin June 8, 2025

Pepe coin price retreated this week as whales continued selling and the crypto market sell-off intensified.

Pepe (PEPE), the second-biggest meme coin on Ethereum (ETH), plunged to a low of $0.00001043, down by 36% from its highest point in May.

This decline happened as Bitcoin (BTC) and most meme coins plunged because of profit-taking and geopolitical issues.

Pepe’s crash also happened as whales continued exiting their positions, signaling that they expected the downtrend to continue. The supply held by whales has dropped to 137.4 trillion, down from the year-to-date high of 166 trillion. Their holdings have fallen to the lowest point since November last year.

The Network Realized Profit/Loss metric has plunged into the negative zone, a sign that some sellers are exiting at a loss.

More on-chain data shows that active addresses have slumped to less than 3,000.

Pepe on-chain metrics | Source: crypto.news

On the positive side, Pepe has become cheap, which may push investors to buy the dip. The closely-watched MVRV ratio with the Z score has dropped to minus 0.192.

A negative MVRV ratio means that a coin’s market value has moved below the average price at which holders acquired their coins. It often signals that a coin is in a buy zone.

Pepe price technical analysis

Pepe chart | Source: crypto.news

The daily chart shows that the Pepe token price has decreased from last month’s high of $0.00001622 to $0.000011 today. It is consolidating at the 50-day and 200-day moving averages.

Pepe’s price has moved above the 23.6% Fibonacci Retracement level. It has also formed a cup-and-handle pattern, with the upper side at $0.00001622 and the lower side at $0.0000052.

The recent dip is likely part of the formation of the handle section of the C&H pattern. Therefore, if this pattern works out, the coin will likely bounce back and retest the all-time high of $0.00002712, about 135% above the current level. This view will be confirmed if it rises above the cup’s upper side at $0.00001622.

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June 8, 2025 0 comments

NFT Gaming

Polkadot’s DOT Retakes Important $3.96 Level as Buyers Step In After Pullback

by admin June 7, 2025

Polkadot

bullish momentum has potentially returned, after the token retook an important support level at $3.96, according to CoinDesk Research’s technical analysis model.

DOT experienced a 7% correction from $4.038 to a low of $3.753 before establishing “strong support” and rebounding strongly, according to the model.

The token is currently 1.3% lower, trading around $3.97.

The broader market gauge, CoinDesk 20 index, was 0.8% lower at publication time, also recovering from a sharp move lower amid a tussle between President Donald Trump and Elon Musk.

Technical analysis highlights:

DOT-USD experienced a 7.06% correction from $4.038 to a low of $3.753 before establishing strong support.
Price formed an ascending channel after the correction, reclaiming the $3.95 level with increasing buying pressure.
Significant volume spike of over 5.9 million during the correction phase, followed by 1.7 million volume during the recovery period.
Key resistance established at $3.98-$4.00 zone with immediate support at $3.95.
Higher low pattern formed after brief pullback, confirming bullish momentum
Psychological $3.96 level successfully defended, reinforcing recovery narrative.

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June 7, 2025 0 comments

NFT Gaming

Dogecoin (DOGE) Surges 6% as Institutional Buyers Fuel Bullish Rally

by admin June 3, 2025

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

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June 3, 2025 0 comments