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HBAR/USD (TradingView)
GameFi Guides

HBAR Tumbles 3% as Institutional Investors Exit Positions

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Hedera Hashgraph’s HBAR token faced heavy selling pressure during a volatile 23-hour stretch between August 19 at 15:00 and August 20 at 14:00, sliding 3% from $0.24 to $0.23.

The token traded within a tight $0.01 band, marking a 4% spread between its session high and low, as traders adjusted exposure across alternative digital assets. Analysts highlighted the $0.24 level as a key point of resistance, where buying momentum faded and downward pressure intensified.

The most pronounced activity came during the final hour of trading on August 20, when volumes surged to 85.82 million HBAR.

Market observers noted that the token tumbled to $0.23 before staging a modest recovery into the close, a pattern that underscored the elevated volatility. The heavy turnover during this window suggests sellers were dominant, creating short-term weakness and testing key support levels.

Between 13:45 and 14:06, more than 3.8 million tokens changed hands, coinciding with the sharpest part of the decline. Prices briefly dipped to session lows before bouncing, as buying interest re-emerged to stabilize the market.

By the final minutes, HBAR recovered enough to close near $0.23, signaling that while downside risks remain, short-term support is holding for now.

HBAR/USD (TradingView)

Technical Indicators Analysis
  • Token declined 3% from opening price of $0.24 to closing price of $0.23 over 23-hour institutional selling period.
  • Trading range of $0.01 represents 4% spread between absolute session high and low.
  • Resistance level established around $0.24 where institutional buying interest diminished significantly.
  • Support level emerged near $0.23 with retail buying providing technical floor.
  • Elevated volume of 85.82 million during final hours confirms institutional distribution patterns.
  • Volume exceeded 3.8 million during peak selling period between 13:45-14:06 indicating coordinated liquidation.
  • Final 14 minutes showed technical recovery from $0.23 support level suggesting retail buying interest.

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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Ethereum Maxis Distressed As Validator Exit Queue Hits Record 910K Eth
Crypto Trends

Ethereum Maxis Distressed as Validator Exit Queue Hits Record 910k ETH

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The Ethereum Proof-of-Stake (PoS) network is seeing all-time high activity in its validator queues, with the exit queue presently reaching 910k Ethereum (ETH), worth approximately $3.8 billion. 

According to the tracking site Validator Queue, withdrawals are expected to take around 15 days and 16 hours, marking one of the longest waiting times to date. On August 14, Ethereum’s validator exit queue was nearly at 700,000 ETH, valued at about $3.29 billion. 

The exit queue refers to the queue of waiting validators that are about to withdraw staked ETH, and the entry queue represents those queuing to stake and enter the network. 

Alongside the exits, new deposits continue to flow in. The entry queue currently holds about 260,185 ETH, valued at approximately $1.1 billion. They are anticipated to become active in around 4 days and 12 hours, indicating that despite heavy withdrawals, new money is still coming into the network.

At the time, institutional demand and long-term investors are sustaining the entry queue, helping maintain balance in the staking system.

Statistics also indicate that the Ethereum PoS network has more than 1.082 million active validators and a total of 35.5 million ETH staked, accounting for 29.38% of the entire ETH supply. The current staking rewards are averaging 2.95% annually (APR). 

Ethereum’s Gigantic Gains this Year

The increase in the exit queue comes after Ethereum’s steep price rally in recent months, which has seen most validators unlock funds and take profits. Ethereum (ETH) is currently trading at $4,243.23, which surged as high as $4,784 this month. It has rallied over 223% since April lows below $1,500—as per CoinMarketCap data. 

The cryptocurrency’s current market capitalization is $509.19 billion, with a trading volume of $47.83 billion within the last 24 hours.

Also Read: Ethereum Faces Record Shorting While Demand Stays Strong



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Ethereum token Pepe trading data. Image: TradingView
Crypto Trends

Meme Coin Massacre: Buying Opportunity or a Warning to Exit?

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In brief

  • PEPE dropped 12% as whales fled, triggering a wave of panic across meme coin markets already rattled by war headlines and macro volatility.
  • SPX6900 and Fartcoin tumble hard as charts break down, open interest dries up, and RSI signals shift from euphoria to exhaustion.
  • Bitcoin dominance hits 63.83% which signals a potential shift from high risk tokens to safer cryptocurrencies.

Meme coin investors are waking up to a bloodbath Monday, as the sector experiences sharp double-digit declines across the board.

Ethereum token Pepe plunged 12% to $0.000010, SPX6900 dropped 11.55% to $1.40, and Fartcoin fell 8.99% to $1.13 in the past 24 hours. In fact, across the crypto market, only Monero, AB, Form, and Bitcoin SV are showing any gains at all, and they’re less than 1.5%. The question on every trader’s mind right now is whether this represents a golden buying opportunity or the beginning of a deeper correction.

The broader cryptocurrency market is experiencing significant selling pressure as geopolitical tensions escalate and traditional markets show signs of strain, creating a perfect storm for risk-off sentiment that’s hitting speculative assets particularly hard.

The crypto carnage isn’t happening in isolation. Following Israel’s wave of airstrikes on Iran last Friday, the S&P 500 dropped and commodities like gold and oil spiked. Bitcoin’s dominance rose to 63.83%, a clear sign that investors are rotating out of riskier assets to hedges. In traditional finance, this means going from stocks to commodities; in crypto, this means going from shitcoins to Bitcoin.



Pepe faces whale-driven distribution

Ethereum token Pepe trading data. Image: TradingView

Pepe’’s 12% daily decline reflects a confluence of bearish factors that suggest more pain ahead. The technical picture on the weekly chart shows clear distribution patterns: With the price trading a little bit below $0.000010, the coin has broken below critical support levels.

On-chain data showing whale netflows spiked on June 16, signaling distribution and selling pressure. When whales—defined in this case as addresses controlling over 1% of the supply—begin moving tokens to exchanges, it typically precedes significant price declines. There’s little reason to move meme coins to centralized exchanges unless it’s to dump your bags.

Ethereum token Pepe trading data. Image: TradingView

Technical indicators paint an equally bearish picture. The Relative Strength Index, or RSI, which measures whether an asset is overbought or oversold, sits at 40.5 on the weekly timeframe, indicating weakening momentum without reaching oversold conditions that might trigger a bounce. The Average Directional Index, or ADX, at 26 shows a trending bearish market gaining strength. ADX measures trend strength regardless of direction.

Key support levels to watch include the $0.0000104 Fibonacci swing low—a break below this level could trigger cascading liquidations and extend losses toward $0.0000085. The 50-day EMA (average price over the last 50 days) at approximately $0.0000118 now acts as resistance, making any recovery attempts likely to face selling pressure.

SPX6900 tests its bullishness

SPX6900 meme coin trading data. Image: TradingView

SPX6900’s 11.55% drop comes after an extraordinary run that saw the token gain 230% between May and June. Currently trading at $1.50, the meme coin that mockingly positions itself as the S&P 500 of crypto is experiencing a classic case of profit-taking after reaching unsustainable heights.

What comes up, always comes down.

The weekly chart reveals SPX6900 consolidating within a large symmetrical triangle pattern, with the current week’s candle threatening to break below the lower trendline. The RSI has cooled from overbought levels above 75 to 69 (no meme), while the ADX at 26 suggests the previous strong trend is losing momentum but is still in play.

Critical support sits at $1.30. A weekly close below this level would confirm the triangle breakdown and could accelerate selling toward $1.08, where the short term EMA provides potential support. The next resistance can be set at around $1.80 if the bullish trend remains solid.

Fartcoin meets market reality

Solana token Fartcoin trading data. Image: TradingView

Fartcoin’s 8.99% decline might seem modest compared to its peers, and just a normal day in the life of a degen, but the technical setup suggests this Solana-based meme coin faces significant headwinds. Trading at $1.13, the token is struggling to maintain momentum after its parabolic rise.

The daily chart shows Fartcoin trapped within a small short descending channel, with the current week’s candle about to test the lower boundary. A broader view shows that even though things look bullish, the token’s last high on June 25 at $1.50 was not able to match May’s high mark of $1.60. This could signal that bulls can push for a recovery after a bearish correction, but not enough to sustain the pace it had weeks ago

The ADX reading of 17 indicates a lack of directional strength, suggesting the token is caught in a consolidation phase that could resolve in either direction. However, with the RSI at 37 on the weekly timeframe and 47 on the daily, it appears traders are potentially bearish, trying to sell their coins quickly.

Buy the dip or run for the hills?

The technical evidence across all three major meme coins suggests this correction has further room to run (and in a bad way). The combination of whale distribution in Pepe, derivatives unwinding in SPX6900, and technical breakdowns in Fartcoin paints a picture of a sector experiencing a necessary but painful reset after unsustainable gains.

However, for contrarian investors with strong risk tolerance, these levels might represent accumulation opportunities. History shows that panic selling rarely leads to smart decisions, and markets usually transfer money from the impatient to the patient. But it’s not as if we’re recommending patience (or recommending anything at all, really) with meme coins, which are famous for their short life spans.

The key differentiator will be Bitcoin’s trajectory and the resolution of current geopolitical tensions. If Bitcoin can hold above $100,000 and Middle East tensions ease, meme coins could see a relief rally—mimicking BTC, but with more volatility. But with Bitcoin dominance rising, and the Altcoin Season Index at extreme lows, the path of least resistance appears to be going lower for these speculative tokens.

Altcoin Season Index. Image: Screenshot

For traders considering entries, waiting for clear support holds and momentum shifts would be prudent. Pepe needs to reclaim $0.0000118, SPX6900 must defend $1.30, and Fartcoin requires a move above $1.28 to signal potential bottoms. Until then, the meme coin massacre may have a few more casualties to claim.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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Zachxbt Uncovers Whiterock Finance Links To $30M Zkasino Exit Scam
GameFi Guides

ZachXBT Uncovers WhiteRock Finance Links to $30M Zkasino Exit Scam

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Crypto investigator ZachXBT has put out a community warning, showing shocking connections between the $30M Zkasino exit scam and a more recent project, WhiteRock Finance (WHITE).

ZachXBT’s investigation on Zkasino Exit Scam, Source: X

Zkasino is a crypto project related to gambling that took more than $33 million in investments during a presale. However, instead of providing what they guaranteed on its roadmap, the Zkasino team is said to have utilized the funds for themselves.

In April 2024, Elham Nourzai, also known as Derivatives_Ape, was arrested by Dutch authorities (FIOD). Some of the stolen funds from the Zkasino scam were also seized during the arrest. Later in 2024, after Elham was released, the stolen money began moving again. The funds were laundered through multiple blockchains, like zkSync, Starknet, Solana, and EVM-based networks. 

The money laundering methods involved cashing out via OTC brokers, exchanging into the privacy coin Monero (XMR) instantaneously through exchanges, and trading perpetual contracts using platforms such as Hyperliquid.

At same time, there was a new cryptocurrency project named WhiteRock Finance, which popped up and raised alarm immediately. The group that created it remained anonymous and did not have any known background in the cryptocurrency community. They were also accused of making fake partnerships to appear more legitimate.

Many of their wallets were funded using quick exchanges. Furthermore, they made great claims of having a large user base and support through USDX, but provided little data or transparency to back this up.

ZachXBT followed marketing wallet transactions from WhiteRock that mixed with Zkasino’s stolen funds. One influencer even verified being directly paid by a wallet belonging to both projects. These revelations indicate that at least one Zkasino insider can now be implicated in WhiteRock. Zach calls for the crypto community to be on high alert and not engage with the project.

Also Read: ZachXBT Calls on BitoPro to Explain $11.5M Hot Wallet Breach



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Bitcoin’s Net Position Realized Cap Sees Sharp Decrease As Long-Term Holders Exit
NFT Gaming

Bitcoin’s Net Position Realized Cap Sees Sharp Decrease As Long-Term Holders Exit

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Even though Bitcoin has faltered since reaching a new all-time high, the largest crypto asset has remained strong at levels above the $100,000 mark. However, BTC’s recent waning performance has impacted key investors’ action as indicated in its Net Position Realized Cap metric.

Veteran Bitcoin Holders Hit The Pause Button

Bitcoin’s price is slowly recovering from its recent pullback as the asset draws closer to the $106,000 level. During the price pullback, Kyle Doops, a market expert and the host of the Crypto Banter Show, revealed a concerning trend in BTC’s on-chain data.

Specifically, the Bitcoin Net Position Realized Cap has dropped significantly, signaling a waning sentiment among major investors. This measure has historically been a crucial reflection of market confidence, with steep drops frequently portending uncertain times or corrective action.

Data from the crucial sentiment metric shows that the Net Position Realized Cap had fallen from $28 billion to barely $2 billion by the end of May. According to the expert, this sharp drop implies that long-term BTC holders, who are often considered the market’s backbone, have massively stepped back.

BTC long-term holders are exiting | Source: Kyle Doops on X

Long-term Bitcoin holders have substantially exited and decreased their positions during the recent pullback, reflecting growing profit-taking from these players. As these seasoned investors step aside, this raises concerns about the sustainability of Bitcoin price strength and whether a change in market mood is subtly taking place.

However, Kyle Doops highlighted that BTC’s recent rally is still on in spite of the huge slowdown in the Net Position Realized Cap metric. Bitcoin’s upward trend may still be on, but the expert stated that smart money is not rushing into the market. Whether the development signals caution from seasoned investors or quiet distribution, Kyle Doops believes that the key metric is worth keeping an eye on.

Big Wallet Addresses Are Selling Their BTC

In another post on X, Kyle Doops revealed a split behavior between big wallets holding 1,000 to 10,000 BTC and mid-size wallet addresses containing 100 to 1,000 BTC. Data from the Bitcoin Accumulation vs. Distribution by all cohorts metric shows that whale investors appear to be taking profits while the lesser investors are steadily stepping in to scoop up the digital gold. 

During Bitcoin’s rally from the $81,000 level to the $110,000 mark, these big wallet addresses have been slowly selling their coins into the recent strength. Meanwhile, the mid-sized wallets continue to buy at a rapid rate, taking advantage of the notable upward move.

Kyle Doops mentioned that this disparity between the cohorts could be an indicator that the BTC’s ongoing rally is in the later stages. This changing dynamic suggests that supply may be redistributed and market sentiment could be reshaped, which means that mid-size investors would majorly influence BTC’s next price movement.

BTC trading at $105,380 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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CoinDesk Bot
NFT Gaming

ETH Crashes to $2,499 as Binance Inflows Raise Whale Exit Fears

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Ethereum (ETH) faced renewed downside pressure in late trading, tumbling below the $2,500 level as selling volume surged and broader risk sentiment weakened. Global trade tensions and renewed U.S. tariff risks have triggered risk-off flows, with digital assets increasingly mirroring traditional markets in their reaction to geopolitical uncertainty.

On-chain data revealed sizable inflows to centralized exchanges — most notably 385,000 ETH to Binance —a dding to speculation that institutional players may be trimming positions. Although ETH has since recovered modestly to trade around $2,506, market observers are closely watching whether buyers can defend this level or if another leg lower is imminent.

Technical Analysis Highlights

  • ETH traded within a volatile $48.61 range (1.95%) between $2,551.09 and $2,499.09.
  • Price action formed a bullish ascending channel before breaking down in the final hour.
  • Heavy selling emerged near $2,550, with profit-taking accelerating into a sharp reversal.
  • ETH dropped from $2,521.35 to $2,499.09 between 01:53 and 01:54, with combined volume exceeding 48,000 ETH across two minutes.
  • Volume normalized shortly after, and price recovered slightly, consolidating around the $2,504–$2,508 band.
  • The $2,500 level is now acting as interim support, though momentum remains fragile with signs of distribution still evident in recent volume patterns.

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hp logo on hp building
Gaming Gear

HP speeds towards China exit as tariffs bite

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  • HP says it is on track to halt work in China
  • Computing giant will halt production in China to avoid Trump tariffs
  • HP also reveals price hikes to deal with higher than expected tariffs

HP Inc has revealed it is nearly done with its exit from China as the Trump administration tariffs continue to affect even the biggest companies.

Speaking on its latest Q2 2025 earnings call, company president and CEO Enrique Lores said it has “accelerated” its move to have zero products heading to the US, made in China.

HP Inc had said it would make such a move last quarter, and now seems close to ensuring it fully complies with the increasing punitive tariffs.


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HP exiting China

“A quarter ago, we shared that our goal was to have less than ten percent of the products in North America being shipped from China by September,” Lores said on the call.

“We have accelerated that and we share that now almost no products will be coming from China sold in the US by June. It’s a very significant acceleration of the plan that we have.”

“We accelerated the shift of factories out from China into Southeast Asia, into Mexico to a certain extent in the US to mitigate the impact of the change,” he added.

Lores also revealed that in order to avoid further tariffs, HP will also no longer use the US as a distribution hub for products sold in Canada or to Latin America.

The company revealed $13.2 billion net revenue for Q2 2025, up 3.3% year on year, however EPS (earnings per share) fell from $061 to $042 – below the company’s outlook.

Lores noted the company was in, “a very different economic situation from where we were a few months ago in terms of both consumer and business confidence,” forcing it to take what he called “price actions”, effectively increases across PC and printing hardware.

“In light of the increased macroeconomic uncertainty, we have adjusted our outlook to reflect moderated demand and the net impact of trade-related costs,” Karen Parkhill, CFO, HP Inc, said, adding the company was, “executing targeted mitigation strategies, and assuming current conditions remain, we expect to fully offset these costs by Q4.”

She noted HP had, “worked aggressively to respond to changes in the regulatory trade environment” however, “tariff increases announced in April were higher than expected.”

“The full benefit of these mitigating actions can take a few months lead time depending on the scope,” Parkhill added.

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