Tag:

Market

Bitcoin Market Shifts To Neutral As Adjusted MVRV Reads 39%

by admin August 31, 2025

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

Bitcoin has entered a clear consolidation phase after breaking above its all-time highs two weeks ago, and the market is now at a critical juncture. While the rally to new records fueled optimism, the momentum has since slowed, with bulls struggling to hold key support levels. Analysts warn that if buying pressure does not strengthen soon, BTC could correct below the $105,000 mark, a level many are watching as the next decisive test.

According to fresh data from CryptoQuant, the cycle and volatility-adjusted MVRV currently stands at 39%. This metric, which compares Bitcoin’s market value relative to realized value while accounting for volatility, reflects a neutral balance between risk and reward. Historically, readings near this zone suggest the market has cooled from overheated extremes and entered a consolidation period, rather than signaling either full capitulation or euphoria.

This places Bitcoin in a delicate position. On one hand, the lack of extremes provides stability, suggesting the asset is not overextended. On the other hand, it highlights a market that is searching for direction, vulnerable to swings as liquidity shifts. With volatility persisting, the coming weeks could decide whether Bitcoin stabilizes for another leg higher or slips into its first deeper correction of the cycle.

Bitcoin Market Cools As MVRV Signals Neutral Risk

According to top analyst Axel Adler, Bitcoin’s cycle and volatility-adjusted MVRV offers a clear picture of where the market currently stands. On this metric, a reading near 100% has historically aligned with overheated extremes, often signaling euphoric tops. Conversely, a reading closer to 0% tends to correspond with complete capitulation, when investors have largely exited in panic and selling pressure exhausts itself.

Bitcoin MVRV Percentile | Source: Axel Adler

At present, the metric sits at 39%, placing Bitcoin in what Adler describes as a neutral risk/reward zone. This level is neither overly bullish nor outright bearish, and it implies that the market has cooled significantly from prior overheating. In other words, the explosive upward momentum that pushed BTC to fresh all-time highs two weeks ago has now transitioned into a phase of consolidation without extremes.

This neutrality brings both opportunity and uncertainty. On one side, the lack of overheated signals reduces the likelihood of an imminent crash fueled by speculative excess. On the other, the absence of a strong bullish signal means that Bitcoin lacks a clear catalyst to surge higher in the short term.

Adler notes that the coming weeks will be critical in shaping Bitcoin’s direction. If support holds and accumulation strengthens, BTC could stabilize before another push toward record levels. However, should bearish sentiment build, the market risks sliding below key levels such as $105,000, setting the stage for a deeper correction.

BTC Struggles Below Key Resistance

Bitcoin is currently trading around $108,845, showing signs of fragility after days of sustained selling pressure. The chart highlights how BTC has struggled to reclaim momentum following its rejection near $123,200, where a major resistance level continues to cap upside potential. Since mid-August, the price action has been marked by a clear downward trend, with lower highs and lower lows reinforcing bearish sentiment.

BTC testing fresh lows | Source: BTCUSDT chart on TradingView

The moving averages confirm this weakness. The 50, 100, and 200-period SMAs are now stacked bearishly, with the short-term averages trending below the longer-term ones. This alignment signals continued downward momentum unless bulls manage to stage a convincing rebound. For the moment, Bitcoin’s attempts to recover have been muted, and the current bounce looks more like consolidation than the start of a new uptrend.

Key support lies just above $105,000, where buyers previously stepped in to prevent deeper losses. A decisive breakdown below this level could expose Bitcoin to further downside, possibly toward the psychological $100,000 threshold. On the other hand, reclaiming the $112K–$115K zone would be critical for shifting momentum back toward the upside.

Featured image from Dall-E, chart from TradingView

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.

Source link

August 31, 2025 0 comments

Whale Adds $430M Ethereum As Institutional Demand Drives Market

Crypto Trends

Whale Adds $435-M Ethereum As Institutional Demand Drives Market

by admin August 31, 2025

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

Ethereum has been one of the strongest performers in the crypto market over the past two months, surging steadily to reach new all-time highs just days ago. Its rally has reinforced Ethereum’s role as the leading altcoin, attracting both institutional attention and retail speculation. However, the landscape is shifting as selling pressure begins to creep in. Some analysts warn that ETH could be at risk of further downside in the coming days, with volatility testing investors’ confidence after such an aggressive run higher.

Yet, while concerns grow, on-chain data reveals that whales continue to accumulate at scale. According to Arkham, a massive whale holding $5.97 billion in Bitcoin has now purchased $434.7 million worth of ETH. Just yesterday, this whale moved $1.1 billion to a new wallet (169q) and has been actively purchasing ETH through Hyperunit. In total, he has accumulated more than $3 billion in ETH, staking the majority of it, a move that signals strong conviction despite near-term uncertainty.

This tug of war between selling pressure and whale accumulation sets the stage for a critical moment in Ethereum’s trajectory. The coming days will reveal whether whales are strong enough to keep ETH supported or if further retracements await.

Whale Stakes Billions In Ethereum As Capital Rotation Grows

According to Arkham, one of the largest whales in the market has now purchased over $3 billion worth of Ethereum (ETH), staking the majority of it. This activity has drawn the attention of both analysts and investors, as it highlights a growing capital rotation trend away from Bitcoin and into Ethereum. The whale in question, who initially held $5.97 billion in BTC, has been gradually converting his position, deploying funds at scale through Hyperunit. His BTC address (169qYZJYkyW7HhmWTj58mVXRZDhMFHPZPd) and ETH address (0x616767179c5305a89f13348134C681061Cf0bA9e) are now being closely tracked by the market as investors speculate on his next move.

Ethereum Whale buying | Source: Arkham

After moving $1.1 billion in BTC to a fresh wallet, the whale has already purchased $434.7 million in ETH, adding to his massive accumulation and signaling continued confidence in Ethereum’s future. The majority of these holdings are being staked, which reduces liquid supply and underscores a long-term outlook rather than short-term speculation.

Now, the question remains: will he buy the next $650 million today? If so, the additional demand could provide strong support for Ethereum, even as short-term price action shows weakness. More importantly, this capital rotation trend is a clear sign that altcoins are preparing for their turn. As investors rotate from BTC to ETH and beyond, the groundwork for a broader altcoin cycle appears to be forming, setting the stage for heightened volatility and opportunity in the weeks ahead.

Testing Key Demand Level

Ethereum (ETH) is trading around $4,369, showing signs of consolidation after weeks of sharp rallies and subsequent retracements. The chart highlights how ETH has cooled from its recent all-time highs near $4,900, but remains firmly above critical moving averages that continue to guide its bullish structure.

ETH testing key MA | Source: ETHUSDT chart on TradingView

The 50-day moving average, currently near $4,372, is acting as immediate support and has been tested multiple times in recent sessions. Holding above this level is key to maintaining short-term momentum. Meanwhile, the 100-day average is around $3,962, and the 200-day average is at $3,257, reinforcing the long-term bullish trend, suggesting that even deeper pullbacks would likely be met with strong buying interest.

However, Ethereum’s inability to push back above $4,600 highlights waning momentum in the near term. Profit-taking and broader market uncertainty have slowed the pace of gains, leaving ETH vulnerable to further consolidation. A decisive break below $4,350 could open the door to $4,000 as the next major demand zone.

Ethereum remains in a healthy uptrend, but the market is clearly waiting for fresh catalysts. Whether it’s whale accumulation or broader institutional flows, ETH will need renewed buying pressure to retest its highs above $4,800.

Featured image from Dall-E, chart from TradingView

Source link

August 31, 2025 0 comments

GameFi Guides

Crypto Market Tumbles, Bitcoin Whales Pivot to ETH, Altcoins Treasuries, and More

by admin August 31, 2025

The crypto market took a notable shift this week with leading cryptocurrencies taking a stiff downtrend. While the price of Bitcoin dropped to a monthly low of $108k, it led the rest of the market to a volatile ride. Keeping these market movements in the thick of it, here is the quick review, covering what happened in the cryptocurrency industry this week.

Top Headlines

Below are the top headlines of this week from the crypto industry;

Crypto Market Tumbles

Amid uncertainty in market sentiment, Bitcoin took a bearish turn and fell to monthly lows below $109K for the first time since 9th July. Following Bitcoin, the leading cryptocurrency, other altcoins—including Ether (ETH), Solana (SOL), and XRP—also witnessed remarkable volatility.

The primary reason behind this downtrend was waning investor confidence in a September Federal Reserve rate cut, triggering a risk-off sentiment and significant liquidations. Throughout the week, the crypto market also witnessed notable liquidations.

Bitcoin Whale Move Funds to Ethereum (ETH)

A massive Bitcoin whale, holding over $11 billion in BTC, made headlines by selling 22,769 Bitcoin worth $2.59 billion and rotating the funds into Ethereum, purchasing 472,920 ETH ($2.2 billion) and opening a $577 million Ether long position on Hyperliquid. This capital shift signals growing institutional confidence in Ethereum’s upside potential, potentially fueling an altcoin season.

Arthur Hayes Predict 126x Spike in HIKE Price

At the WebX 2025 conference in Tokyo, former BitMEX CEO Arthur Hayes made a bold prediction. He forecasted a 126x surge for Hyperliquid’s HYPE token, potentially reaching $5,000 by 2028. Speaking on August 25, Hayes attributed this massive upside to the expected $10 trillion stablecoin market, which he believes will drive Hyperliquid’s annualized fee revenue from $1.2 billion to $258 billion. This prediction has sparked significant investor interest for the HYPE token.

Altcoin Treasuries Continue Rising

The crypto market is witnessing a surge in corporate altcoin treasury strategies as companies diversify beyond Bitcoin. In recent moves, B Strategy, backed by YZi Labs, announced a $1 billion U.S.-listed BNB treasury firm to bolster the BNB ecosystem. Meanwhile, Canadian firm Luxxfolio filed a CAD $100 million (approximately $73 million) prospectus to expand its Litecoin treasury.

Besides, Trump Media, Crypto.com, and Yorkville Acquisition also launched Trump Media Group CRO Strategy Inc., a $6.42 billion CRO treasury venture, acquiring $1 billion in CRO tokens to integrate with Truth Social’s rewards system. Additionally, DeFi Dev Corp strengthened its Solana holdings with a $77 million purchase of 407,247 SOL, pushing its total to 1.83 million SOL.

Brazil and Philippines Plans Strategic Bitcoin Reserve

While Bitcoin is gaining ground as a leading store of value asset, Brazil and the Philippines are advancing bold initiatives to integrate Bitcoin into their national financial strategies. On 25th August, the Chamber of Deputies in Brazil held a hearing for Bitcoin-linked legislation proposed by Federal Deputy Eros Biodini. The proposed bill considers an allocation of up to 5% of Brazil’s international reserves toward Bitcoin.

Meanwhile, in the Philippines, the Congress received a bill proposing a Bitcoin treasury to boost the nation’s financial stability, buying 10,000 Bitcoin (BTC) over a period of five years.

News You Might Have Missed

Top Gainers and Losers this Week

As Bitcoin dipped nearly 6% from the weekly high, various altcoins saw huge sell-off. Meanwhile Cronos (CRO), the native token of Crypto.com exchange, surged a staggering 99% after Trump Media and Yorkville’s treasury announcement.

GainersLosersCRO (Cronos): +99%AERO (Aerodrome Finance): -23%PTYH (Pyth Network): +53%PENDLE (Pendle): -20%PUMP (PumpFun): +9%LDO (Lido DAO): -18%KCS (KuCoin Token): +8%SPX (SPX6900): -17%FORM (Four): +6%PENGU (Pudgy Penguin): -16%

What to expect for next week?

All the predictions for the next week are on the edge due to the market’s volatility and sensitivity to macroeconomic factors, regulatory developments, and investor sentiment. The cryptocurrency markets may be influenced by key macroeconomic events such as the U.S. Weekly Jobless Claims on September 4 could signal labor market strength, potentially boosting risk assets like Bitcoin if positive. On September 5, the U.S. PCE Price Index, the Federal Reserve’s preferred inflation gauge, may also impact rate cut expectations, with higher readings potentially pressuring crypto prices.

Moreover, Global PMI data, particularly U.S. Services PMI, could further shape sentiment by reflecting economic resilience. These events may drive volatility, so investors should stay vigilant and conduct thorough research.

Also Read: Japanese Nail Salon Firm Convano to Raise $3B for 21,000 BTC

Source link

August 31, 2025 0 comments

16:9 Market growth, surge, rally(Mediamodifier/Pixabay)

GameFi Guides

Pump.fun Bucks Bearish Market Trend Amid Wave of Buybacks

by admin August 31, 2025

Pump.fun’s native token, PUMP, has bucked the market-wide downturn this week, rising by 17% as the protocol leverages platform fees to repurchase tokens.

The buybacks are designed to support holders by reducing circulating supply and absorbing sell pressure, a model increasingly common across crypto projects.

At the time of publishing, PUMP is trading at $0.0035, about 40% higher than a month ago but still down 50% from its July debut, when it quickly fell from $0.007 to $0.0024 in just 10 days.

The sharp post-launch decline reflected the fading of initial hype, but recent momentum suggests buybacks are helping stabilize the token’s market.

The driver is Pump.fun’s revenue engine. The platform earns fees on every token created through its service, a model that has generated $734 million over the past year, with volumes peaking in January during the boom in celebrity-driven meme coins like TRUMP and MELANIA, along with thousands of copycat tokens that followed.

Since inception, more than 12.5 million tokens have been launched and 23 million wallets have interacted with the site, establishing a strong user base.

Those flows have translated into meaningful token support: Pump.fun has directed $59 million toward buybacks, according to Dune dashboards, helping to underpin PUMP’s rebound.

The timing could be fortuitous. Autumn has historically been a stronger season for digital assets after the summer lull, suggesting conditions could align for further upside.

Still, PUMP remains far from its launch highs, and its trajectory will depend on whether fee revenue can remain consistent in a slowing market.

Meanwhile, the majors remain under pressure: bitcoin is trading at $108,500 and ether at $4,337, both down between 6% and 7% this week.

Source link

August 31, 2025 0 comments

Crypto Trends

Crypto ETF Surge Could Reshape Market, but Many Products May Fail

by admin August 30, 2025

A deluge of crypto exchange-traded funds (ETFs) could hit U.S. markets as early as this fall, potentially changing how both institutional and retail investors access the digital asset space. But while some see it as a turning point for mainstream adoption, others are already bracing for inevitable casualties.

“The crypto ETF floodgates are set to open this fall, and investors will soon be swimming in these products,” said Nate Geraci, president of NovaDius Wealth Management. He believes most of the 90-plus crypto ETF applications currently filed with the U.S. Securities and Exchange Commission (SEC) will be approved — assuming they meet the final listing requirements.

Ultimately, though, said Geraci, investors — not regulators — will decide which products thrive.

“The beautiful aspect of the ETF market is that it’s a meritocracy, where investors vote with their hard-earned money. The market naturally sorts out the winners from the losers, so I’m not overly concerned about there being too many crypto ETFs floating around.”

To Geraci, the demand for more diverse and accessible investment options is already there — and underappreciated.

“Given the initial response to futures-based and 1940 Act-structured Solana and XRP ETFs, I believe demand for 1933 Act spot products in these crypto assets is being severely underestimated – much like we saw with spot bitcoin and ether ETFs,” he said.

The iShares Bitcoin Trust (IBIT), managed and issued by BlackRock, became the most successful ETF launch in the history of those vehicles, now holding nearly $85 billion worth of bitcoin on behalf of investors.

While the ether ETFs initially saw much smaller demand than their bitcoin counterparts, a recent surge in interest in the Ethereum blockchain’s native token has seen inflows for the group well surpass those for bitcoin ETFs.

Ether ETFs have taken in nearly $10 billion since the start of July, which represents the bulk of total inflows of $14 billion since their launch last year, according to James Seyffart, an ETF analyst at Bloomberg Intelligence.

(Source: Bloomberg Intelligence/James Seyffart)

Geraci also anticipates strong uptake for index-based crypto ETFs, which he says will give investors and advisors “a straightforward way to gain exposure to the broader digital asset ecosystem.” For smaller, less-known tokens, he admits demand will depend heavily on the strength of each project’s fundamentals.

“As you move further down the crypto market cap spectrum, I expect demand for spot ETFs will be more closely tied to the success of individual projects and the performance of their underlying assets — factors that are difficult to forecast at this stage,” he said.

Seyffart agrees that the pipeline of crypto-related products is about to burst — but he’s more skeptical about how many will stick.

“If all of those filings ultimately launch, there will undoubtedly be some closures within the next few years,” Seyffart said. He expects “decent demand for plenty of these products,” but believes expectations need to be calibrated—especially for altcoins.

“I’m not sure that some of these longer tail altcoins will be able to have 5+ successful ETFs,” he said. “If people are gauging their success on the level of bitcoin ETFs — they will be severely disappointed. But if others are expecting all of them to fail — they will also be severely disappointed.”

In his view, the market is entering a test phase where issuers will throw many products at the wall to see what sticks. “These issuers are gonna launch a lot of products and try to find something that sticks,” Seyffart said. He predicts the next 12 to 18 months will see “hundreds of crypto-related ETP launches.”

Both analysts agree on a central point: the ETF format creates a highly competitive landscape where investor interest is the ultimate arbiter of success. While SEC approval might open the gates, it’s asset flows that will determine who stays afloat.

In the ETF world, product closures are a feature — not a flaw. Just like in the stock market, low demand or poor performance can lead funds to shut down. For investors, that means not every new crypto ETF will be worth betting on, even if it carries the name of a popular blockchain project.

For example, a Solana ETF might find buyers if the underlying token continues to attract developers and users. But five separate ETFs based on the same coin? That’s where both Seyffart and Geraci say the market will likely intervene.

“If demand doesn’t show up, those products will close,” Seyffart said.

Behind this boom is the broader institutional acceptance of crypto. Since the SEC approved spot bitcoin and ether ETFs last year, asset managers have rushed to file new offerings tied to Solana SOL$207.82, XRP, dogecoin DOGE$0.2159 and many others and even basket funds tracking multiple coins. These products give traditional investors a regulated way to access crypto markets without setting up wallets or managing private keys.

But with that access comes the responsibility to be discerning.

“In the end, investors will decide which products make sense and which don’t,” Geraci said. “That’s how the ETF market has always worked.”

And with hundreds of crypto funds potentially hitting the market soon, that decision may need to come quickly.

Source link

August 30, 2025 0 comments

NFT Gaming

XRP Ledger Records New $131.6 Million All-Time High In This Major Market

by admin August 30, 2025

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

The XRP Ledger (XRPL) has recorded a new milestone in the world of tokenized assets. In the second quarter of 2025, its market capitalization for real-world assets (RWA) reached a record high. A recent industry report indicates that XRPL adoption is increasing rapidly as more assets launch on the network.

XRPL Closes Q2 With $131.6 Million RWA Market Cap

According to Messari’s State of XRP Ledger Q2 2025 Report, the XRP Ledger ended the second quarter of 2025 with a record $131.6 million market cap in real-world assets (RWA). It is the highest number ever recorded on XRPL in this sector. Messari linked this growth to a wave of new issuances first announced at the XRPL Apex event in Singapore in June 2025, which drew global attention.

Messari also notes that in March 2025, RWA.XYZ, a platform for tracking tokenized assets, has integrated with XRPL, making it easier for users to access key information about real-world assets on the ledger. The report confirmed that since the integration, 13 RWAs are live on RWA.XYZ, with more assets likely to follow.

The record market cap shows that XRPL is not only expanding in numbers but also in usefulness. According to the report, real-world assets issuances on XRPL could be evolving into a functioning and valuable market.

Report Cites Expanding RWA Issuances Driving Adoption

One of the most notable is Ondo’s OUSG tokenized treasury fund. According to the report, this product combines the efficiency and transparency of the XRPL with the stability of U.S. Treasury securities. It has become a standout example of how blockchain can support safer and more stable investment options for both institutional and retail investors.

Another highlight in the Messari report was Guggenheim’s issuance of digital commercial paper on the XRPL. By tokenizing short-term debt, Guggenheim is using XRPL’s speed, low fees, and final settlement features.

Another development noted in the report was the launch of Ctrl Alt’s tokenized real estate offerings, which allow investors to buy small pieces of property ownership on XRPL. Instead of needing a large amount of money to buy a whole property, people can now own fractions of high-value buildings.

These developments, cited in the Messari report, show how adoption of the XRP Ledger is steadily rising in the real-world assets market. It positions it as a bridge between traditional finance and the blockchain, where high-profile XRPL RWA issuances validate its growing role in the $50 trillion global RWA market.

The record RWA market cap of $131.6 million further points to XRPL’s growing strength in bringing liquidity, easier access, and greater transparency to markets that were once difficult to reach, including real estate and other traditional assets. With this momentum, the XRP Ledger closes the second quarter of 2025 with a new multi-million all-time high and a stronger foundation for the future of tokenized finance.

XRP struggles as bears retest $2.8 | Source: XRPUSDT on TradingView.com

Featured image from DALL.E, chart from TradingView.com

Source link

August 30, 2025 0 comments

Crypto Trends

Best Altcoins to Buy Now as Ripple CEO Predicts $25T Crypto Market by 2030

by admin August 30, 2025

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

The total crypto market cap has grown by nearly 400% in the last three years, from $727B in October 2022 to a staggering $3.72T at the time of writing.

That kind of growth is unheard of in traditional stock market indices. But wait until you hear what Ripple CEO Brad Garlinghouse thinks is next for crypto.

Garlinghouse believes the crypto market could expand by another ~600% over the next five years, potentially reaching a $25T market cap by 2030.

Keep reading to discover why Ripple’s boss predicts such explosive growth for crypto, his insights on Ripple’s own token, $XRP, and how you can position yourself for this potentially outrageous rally by loading up on the best altcoins to buy now.

Why Fiat Instability Fuels the Case for Crypto

Garlinghouse cited the vulnerability of traditional fiat currencies as the biggest reason behind his extremely bullish crypto outlook.

He explained that macroeconomic pressures on fiat are all but certain to intensify in the coming years, which could push traditional currencies toward devaluation and long-term instability.

Amid such uncertainty, digital assets provide more than just hope; they’re built specifically to plug the holes in the global financial system, offering transparency, efficiency, and inflation-resistant store of value that fiat currencies simply can’t match.

XRP’s Role in Crypto’s Growth

As one of the biggest cryptocurrencies targeting the cross-border payments market, many believe $XRP could become one of the biggest success stories in the next few years.

Lord XRP, a crypto enthusiast with 77K+ X followers, explained that since XRP was designed to handle banking transactions (even in the range of 4-5 figures), Ripple is well on its way to becoming a ‘world bank.’

All in all, with prominent industry voices bullish on crypto’s long-term growth, everyday investors will fare extremely well if they simply exercise patience during slightly deeper consolidations like the one we’re seeing now.

In fact, now’s the perfect time to beef up your crypto portfolio with low-cap, high-upside tokens that are well-positioned to ride the upcoming boom.

1. Snorter Token ($SNORT) – Powering a Telegram Trading Bot for Meme Coin Sniping

Snorter Token ($SNORT) is one of the best cryptos to buy now for those looking to ride the explosive growth of the meme coin market.

While altcoins continue to dominate crypto discussions, the meme coin segment alone has grown by more than 70% in the past year, proving there’s so much more juice in it than many realize.

$SNORT powers the Snorter Bot, a new Telegram-native trading bot designed to level the playing field between institutional players and everyday meme coin traders.

How? By allowing retail investors to set buy/sell orders in advance, and then automatically executing them the moment liquidity kicks in.

As a result, you’ll finally get the chance to participate in those early meme coin pumps, where life-changing gains are usually made.

Security is another standout. Snorter offers protection against a wide range of on-chain threats, including front-running, rug pulls, honeypots, and even advanced sandwich attacks.

By buying $SNORT, you’re positioning yourself to ride the adoption of Snorter Bot while unlocking a slew of exclusive benefits along the way:

A potential 800% ROI by year-end, according to our $SNORT price prediction
Reduced trading fees: just 0.85% compared to 1.50% charged to non-holders
No daily sniping limits
Advanced analytics
Staking rewards, currently yielding 128%

Currently in presale, $SNORT has already pulled in over $3.55M from early investors, with each token available at just $0.1027.

Visit Snorter Token’s official website for more information.

2. Maxi Doge ($MAXI) – Community-Backed Meme Coin Aiming to Overtake Dogecoin

Maxi Doge ($MAXI) might not have a shiny whitepaper or game-changing technology, but its absurd mission to overthrow Dogecoin as the best meme coin on the planet has already gathered plenty of hype and community support.

The project has raised over $1.66M in early investor funding, proving that degen investors are hungry for a wild, rage-fueled meme coin.

What’s Maxi Doge, really? Believe it or not, Maxi is Dogecoin’s distant cousin. But the two are anything but close.

Dogecoin’s popularity left Maxi in the shadows growing up, as the elder, more ‘wholesome’ Shiba Inu hogged all the limelight at family gatherings.

That’s when Maxi found solace in the gym and in front of the charts, where he built big muscles and chased even bigger gains.

Now, backed by a fierce community of $MAXI holders who all subscribe to his mantra of ‘never skip leg day, never skip a pump’, the dawg is ready to take the market by storm.

In addition to allocating a chunky 40% of its total token supply to marketing, $MAXI will also host regular holder-only events, including weekly trading competitions and leaderboard prizes, all aimed at amplifying the noise around it.

Interested? Join the tribe by buying $MAXI at just $0.0002545 apiece. Hurry up, though, because the price will increase in just a few hours.

Check out Maxi Doge’s official website for more information.

3. Ethereum ($ETH) – Digital Silver Prepping for a Fresh Breakout

Ethereum ($ETH) has undoubtedly been the talk of the crypto town over the past two weeks, with whales pouring big money into the ‘digital silver.’

For instance, BlackRock recently snapped up more than $314M worth of Ethereum, while Goldman Sachs and Jane Street grabbed a combined 192.5K $ETH.

More notably, Thomas Lee, a significant voice in the crypto space, explained that while Wall Street once dismissed Ethereum for being slower than Solana or Sui, institutions are now betting big on it because of its ability to deliver 100% uptime – something non-negotiable for big-money players.

‘If ETH stays above $4,800, we could see a really big cycle,’ Lee added.

That prediction looks even stronger when you consider that a massive $4.65B worth of shorts would be liquidated if Ethereum retests its all-time high.

Although $ETH has been red all week, the drop isn’t as bad as it looks – because its weekly candle remains within last week’s range.

According to the technical playbook, this forms a classic ‘inside candle’ pattern, and a breakout here could trigger an explosive rally.

Wrapping Up

With Ripple’s CEO projecting a nearly tenfold increase in crypto’s valuation by 2030, the stage is set for promising altcoins like $SNORT, $MAXI, and $ETH to shine in the upcoming bull run.

That said, kindly bear in mind that crypto investments are highly risky. Also, none of the above is financial advice, and you must always do your own research before investing.

Source link

August 30, 2025 0 comments

NFT Gaming

Tron Cuts Network Fees By 60% To Strengthen Position In Stablecoin Market

by admin August 30, 2025

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

The Tron (TRX) network has made headlines by approving a significant reduction in transaction fees, cutting them by up to 60% following a majority vote within the community, as rising fees have been seen as a barrier to user participation and ecosystem development.

Fee Adjustments On Tron

The proposal to lower fees was driven by rising transaction costs that have accompanied an increase in TRX’s value, the network’s native token, which has doubled since 2024.

The proposal alleged that while higher fees are essential for the Tron network’s overall security and stability, they have also eroded Tron’s competitive edge, making it imperative to adjust them.

The increase in TRX prices has led to a corresponding rise in fees for transactions, particularly affecting Tether’s USDT stablecoin and other contracts on the platform.

As a result, the earlier 50% reduction in energy unit prices, established by a previous proposal, has been negated, prompting this latest response from the Tron Super Representative community.

The 1-D chart shows TRX’s price trending upwards despite the overall market correction. Source: TRXUSDT on TradingView.com

As of this writing, TRX trades at $0.33, up by 107% year-to-date, being in the top performers in the cryptocurrency market during the same period, outpacing tokens like Bitcoin (BTC), Ethereum (ETH) and other altcoins such as Solana (SOL) and Cardano (ADA).

Short-Term Profit Impact Expected

Justin Sun, the founder of Tron and a prominent figure in the crypto space, announced this decision on social media platform X (formerly Twitter). He highlighted that the upcoming fee reduction will be the largest fee cut since the network’s inception back in 2017 along with the TRON Foundation.

Sun alleged that in the short term, this reduction is expected to impact the networ’s profitability, given that the network relies on transaction fees as a primary revenue source.

However, Sun expressed confidence that the long-term benefits would outweigh these initial drawbacks. By encouraging increased user engagement and higher transaction volumes, Tron aims to foster a more vibrant ecosystem that ultimately enhances profitability.

To ensure that the fee structure remains competitive and sustainable, the network’s Super Representative community plans to conduct quarterly reviews of network fees.

These assessments will take into account various factors, including fluctuations in TRX prices, levels of network activity, and overall growth rates. In his social media post, Sun further stated:

On August 26, 2025, the Tron Super Representative community proposed to reduce Tron network fees by 60%. This is the largest fee reduction since the founding of the Tron network. The proposal has already passed and will take effect at 20:00 (GMT+8) this Friday

Featured image from DALL-E, chart from TradingView.com

Source link

August 30, 2025 0 comments

Crypto Trends

Pudgy Penguins Token Declines Sharply in August Amid NFT Market Downturn

by admin August 29, 2025

Pudgy Penguins’ native token slipped on Friday despite the project’s new title ranking among Apple’s top downloads.

The PENGU (PENGU) token fell by nearly 4% on Friday, following the launch of Pudgy Party, a battle royale game released on Android and iOS, regardless the game recording over 50,000 downloads on the Google Play store and landing in the top 10 most downloaded games on Apple’s App Store.

Pudgy Penguins is a popular non-fungible token (NFT) project in the crypto space. The project supplements its onchain digital presence with trading cards, plushy penguin-themed toys, video games and other physical merchandise.

According to CoinMarketCap, the token declined by over 20% over the past 30 days.

The price retrace comes amid a broader downturn in the NFT market, which saw other blue-chip NFT projects such as Bored Ape Yacht Club (BAYC) and Doodles post double-digit losses in August.

PENGU token declines by over 20% in August. Source: CoinMarketCap

Despite price fluctuations, Pudgy Penguins continues to be a cultural phenomenon within the crypto community and showcases mass appeal to non-crypto users through the project’s focus on physical merchandise, drawing both adults and children to the franchise.

Related: NFT market cap drops by $1.2B as Ether rally loses steam

NFT markets suffer as Ethereum retraces recent gains

The Ethereum network hosts the most NFT trading activity of any blockchain ecosystem, and, following Ether’s (ETH) recent decline from an all-time high of about $4,957, the NFT market took a hit.

CryptoPunks, a blue-chip NFT collection of pixelated characters often used as profile pictures (PFPs) by crypto industry executives and investors, demonstrated more resilience, rising by nearly 3% during August, according to NFTPriceFloor.

NFT projects take a hit during August. Source: NFTPriceFloor

Meanwhile, BAYC recorded losses of over 11% in August, and Pudgy Penguins recorded declined by over 20% in US dollar terms.

The NFT market cap hit $9.3 billion at the beginning of August during Ethereum’s historic bull rally to new all-time highs. However, the NFT market cap has since dropped to just $7.4 billion at the time of this writing and continues to correlate with ETH prices.

Magazine: GUN token’s $69M milestone, Pudgy Penguins go to LOL Land: Web3 Gamer

Source link

August 29, 2025 0 comments

NFT Gaming

XLM Declines 8% as Institutional Investors Retreat Amid Market Uncertainty

by admin August 29, 2025

Stellar’s native token XLM came under heavy institutional selling pressure in the latest trading session, falling from $0.39 to $0.36 between August 28 at 3:00 p.m. and August 29 at 2:00 p.m. ET. Market data shows more than 41.89 million XLM changed hands, with volumes surging as large holders reduced exposure.

Despite the pressure, Stellar’s enterprise push remains intact. The Stellar Development Foundation reported the network is approaching 10 million registered accounts, boosted by daily growth of 5,000–6,000 new corporate wallets. Strategic partnerships with MoneyGram International and Circle Internet Financial continue to drive adoption of Stellar’s payment rails in cross-border finance.

Analysts highlighted sharp intraday swings on August 29, when XLM dropped 1.38% between 1:26 p.m. and 2:06 p.m., before institutional buyers reentered the market. The token recovered 1.27% during the 15-minute window that followed, closing the session at $0.361 after briefly touching $0.357.

A spokesperson close to Stellar’s corporate strategy stressed that the market turbulence was sentiment-driven rather than a reflection of business fundamentals. The late-session bounce suggested some large buyers viewed the decline as a buying opportunity, underscoring confidence in Stellar’s long-term role in blockchain-based financial infrastructure.

XLM/USD (TradingView)

Technical Market Indicators Signal Mixed Corporate Sentiment

XLM posted a 7.74% decline from $0.39 to $0.36 during the August 28-29 trading period.
Daily trading range reached $0.031 between session high of $0.387 and low of $0.356.
Peak selling activity occurred during morning European trading hours on August 29 with volume exceeding the 24-hour average of 41.89 million units.
Technical resistance established near $0.373 level as institutional buyers remained cautious.
Support levels identified at $0.375 and $0.362, with the lower threshold showing stability during final trading hours.
Elevated trading volume during the decline indicates potential institutional accumulation strategies.
Intraday price range of $0.005 during the final 60-minute trading period demonstrates continued market interest.
Support at $0.357 attracted institutional buying interest before session close.
Final hour recovery of 1.27% on volume exceeding 2 million units suggests corporate treasury departments may be accumulating positions.

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.

Source link

August 29, 2025 0 comments