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Shiba Inu (SHIB) Spikes 200% in Volume, But What Does It Bring to Price?
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Shiba Inu (SHIB) Spikes 200% in Volume, But What Does It Bring to Price?

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According to data from CryptoQuant, Shiba Inu (SHIB) is having one of its most erratic weeks in recent memory, with exchange inflows rising by almost 200%. According to the most recent metrics, mean inflows to exchanges more than doubled from levels earlier in the week on Sept. 24, reaching nearly 2.94 billion SHIB. Concerns regarding the short-term price stability of SHIB are raised by the fact that an increase in tokens being transferred to centralized platforms frequently indicates an increase in selling pressure.

Symmetrical SHIB triangle broken

On the daily chart, SHIB broke out of a symmetrical triangle structure and is currently trading at about $0.00001221, consolidating just below its key moving averages. The technical picture is still shaky, even though the price is currently holding fairly steady. The 50-day and 200-day EMAs are still acting as ceilings on the rise, and SHIB has not been able to break above resistance levels around $0.00001300–$0.00001350. A surge in inflows makes the outlook more complicated.

SHIB/USDT Chart by TradingView

This kind of on-chain activity frequently comes before significant sell-offs, especially when it occurs in tandem with technical malfunctions. If exchange inflows keep increasing, SHIB may test deeper support close to $0.00001150; if it fails, losses could accelerate to $0.00001000. But not every indication is negative. The token may not yet be oversold, as indicated by SHIB’s daily RSI staying in neutral territory.

SHIB volumes spike

Additionally, volume increases that do not immediately result in price breakdowns can occasionally be interpreted as a sign that buyers are absorbing selling pressure, which could lay the groundwork for a recovery. Notwithstanding the inflows, a recovery toward $0.00001350 is still possible if SHIB can maintain above the $0.00001200 level.

Exchange inflows are flashing red, but price resilience is offering a glimmer of hope as SHIB finds itself at a crossroads. According to the inflow data, sellers may soon take control and push SHIB closer to annual lows if bulls are unable to retake short-term resistances.



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Bakkt Stock Spikes Past Analysts’ Price Target After Adding Crypto Veteran to Board

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In brief

  • Crypto industry veteran Michael Alfred is joining the board of Bakkt, a provider of digital asset services.
  • The company’s share price jumped more than 40% on the day.
  • Bakkt has been looking to reposition itself in recent months, including with plans for a potential Bitcoin treasury.

Bakkt Holdings’ share price jumped past analysts’ one-year consensus target on Monday after the provider of digital asset services announced that noted crypto investor and entrepreneur Michal Alfred was joining the board.

BKKT rose more than 40% on the day to close at $14.70 per share, its highest level since late July, according to Yahoo Finance data, and above analysts’ average prediction of $13.26. Alfred was a co-founder of Digital Assets Data, a crypto-focused data platform acquired by NYDIG in 2020, and has invested in multiple high profile firms, including Swan Bitcoin and Bitwise Asset Management.

“We’re doubling down on our mission to build next-generation financial infrastructure by bringing world-class leaders onto our board,” Bakkt CEO Akshay Naheta said in a statement. “Mike’s proven track record and reputation in the digital asset and fintech ecosystem brings unparalleled expertise, a powerful network and institutional credibility.”

The company has repositioned itself in recent months as it looks to elevate its stock price, which is down more than 40% year-to-date and over 94% since reaching an all-time high in late 2021.



In July, Bakkt announced that it had sold its loyalty rewards business for $11 million as it looked to focus more tightly on digital asset infrastructure.

The sale aimed to streamline operations and allow the company to focus on core crypto services, including custody, stablecoin payments, and tokenized assets. In the second quarter, its crypto business generated more than $568 million in revenue, while the loyalty unit brought in some $10 million.

In June, Bakkt notified the U.S. SEC of plans to sell up to $1 billion in securities to provide fresh capital for a possible expansion of its corporate treasury to include Bitcoin. That followed less than three weeks after the company updated its investment policy, allowing it to include Bitcoin and other digital assets as part of a broader treasury strategy.

Earlier this month, investment bank Benchmark Company initiated coverage with a buy rating and price target of $13. Analyst Mark Palmer wrote that the company “is poised for a fresh start after a period of restructuring that has streamlined its focus and reset its growth trajectory.”

“The divestiture of its custody business and the pending sale of its legacy loyalty business mark a decisive exit from capital-intensive, non-core operations that weighed on its profitability and investor confidence,” Palmer wrote.

He noted Naheta’s hiring in March and the Bitcoin and stablecoin initiatives, among other positive developments.

In a statement, Alfred said he was looking forward to working with Bakkt on its next growth phase.

“Bakkt has a unique opportunity to deliver a trusted fintech platform for institutions in four transformative trends over the next decade: digital asset trading, stablecoin payments, AI agents, and Bitcoin,” he said.

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Intel Spikes 23% on Deal With Nvidia to Develop AI Hardware

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In brief

  • Nvidia invested $5 billion in Intel and agreed to co-develop custom chips for PCs and data centers.
  • Jensen Huang framed the deal as coupling Nvidia’s accelerated computing with Intel’s x86 platforms.
  • The move followed reports that China banned local tech firms from buying Nvidia AI chips.

Nvidia announced Thursday it would invest $5 billion in Intel and collaborate on custom chips for data centers and personal computers, sending Intel’s battered stock soaring 23% in early trading.

The investment, which would buy Nvidia roughly 215 million Intel shares at $23.28 each, comes just weeks after the Trump administration took a 10% stake in the struggling chipmaker.

As per the agreement, Intel will develop custom x86 CPUs optimized for Nvidia’s AI platforms, potentially solving longstanding bottlenecks in CPU-GPU communication. For personal computers, Intel will build system-on-chip designs incorporating Nvidia’s RTX graphics technology.

“This historic collaboration tightly couples NVIDIA’s AI and accelerated computing stack with Intel’s CPUs and the vast x86 ecosystem — a fusion of two world-class platforms,” Nvidia CEO Jensen Huang said in the announcement. “Together, we will expand our ecosystems and lay the foundation for the next era of computing.”

Nvidia shares climbed 3%, pushing the company’s market value past $4 trillion, giving the company a breath of fresh air after the quick panic caused by a decision from China to ban its chips.

The deal throws Intel a lifeline at a critical moment. The company that once dominated Silicon Valley lost nearly $19 billion last year and another $3.7 billion in the first half of 2025. It plans to cut 25% of its workforce by year’s end

However, this is not just a lifeline, and the partnership is actually mutually beneficial. For Nvidia, it means deeper access to the x86 architecture that still powers most enterprise systems. For Intel, it’s a chance to leverage Nvidia’s AI dominance to stay relevant.

By teaming up, Intel can use Nvidia’s powerful AI technology in its own computer chips. This means businesses and regular people will get faster, “smarter” computers from Intel, all thanks to Nvidia’s know-how, keeping Intel a major player even as technology rapidly change

Pop The Champagne, Intel

“Pop the champagne,” Dan Ives, tech analyst at Wedbush Securities, told Bloomberg. “It brings Intel into the AI game. This is also gonna viewed very positively in DC” he said

The Trump administration’s earlier intervention had already signaled Intel’s strategic importance. The government’s $8.9 billion investment for a 10% stake was part of broader efforts to secure domestic chip production amid tensions with China. Trump has threatened 100% tariffs on imported chips while negotiating export deals that let Nvidia and AMD sell lower-power AI chips to China in exchange for a 15% cut of sales.



Trump’s efforts to limit the exports of good chips to China and only give licenses to sell nerfed chips finally ended up in a decision from China to ban the use of Nvidia chips (good or bad) and promote the use of domestic alternatives.

Intel CEO Lip-Bu Tan, who took over in March 2025 with a mandate to restore the company’s manufacturing edge, framed the Nvidia partnership as validation of Intel’s core strengths. “Intel’s leading data center and client computing platforms, combined with our process technology, manufacturing and advanced packaging capabilities, will complement NVIDIA’s AI and accelerated computing leadership to enable new breakthroughs for the industry,” he said in the official announcement.

Market watchers see the deal as confirmation of Nvidia’s position atop the chip industry. The company reported $46.7 billion in quarterly revenue in Q2 2025, up 56% from a year earlier.

“With AI infrastructure investments continuing to grow with the company expecting between $3 trillion to $4 trillion in total AI infrastructure spend by the end of the decade, the chip landscape remains [Nvidia’s] world, with everybody else paying rent,” Ives wrote in a client note according to The Guardian.

The partnership puts pressure on AMD, which now faces a combined Intel-Nvidia force in both AI and PC markets. It also reinforces the push to build American chip capacity as global supply chains remain fragile.

The deal requires regulatory approval. Neither company disclosed a timeline for when the first jointly developed products would reach the market.

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Bitcoin Scarcity Index Spikes For First Time Since June: Accumulation In Play?
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Bitcoin Scarcity Index Spikes For First Time Since June: Accumulation In Play?

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

Bitcoin is at a crossroads, with analysts divided on its next move. Some argue that demand is fading, raising concerns of a deeper correction, while others point to the potential for a breakout that could push BTC above its all-time highs. This uncertainty is not without cause—the market is bracing for the US Federal Reserve’s decision on interest rates, a pivotal event that could shape price action in the days ahead.

According to fresh data from CryptoQuant, Bitcoin just flashed a significant signal. The Bitcoin Scarcity Index on Binance, the world’s largest trading platform, spiked yesterday—the first such move since June. This sudden jump usually suggests a major shift in market structure, often triggered by large withdrawals of BTC from exchanges or a sharp drop in sell orders. Both scenarios reflect a tightening of supply, making Bitcoin scarcer in the open market.

Historically, such spikes have coincided with the entry of institutional players or large whales buying aggressively. While this points toward accumulation, it also underscores the high-stakes environment. With the Fed’s decision imminent, the market could be on the verge of a decisive move that sets the tone for the rest of the year.

Bitcoin Scarcity Index Signals Market Crossroads

According to Arab Chain on CryptoQuant, the recent spike in the Bitcoin Scarcity Index reflects a sudden imbalance between buyers and available supply. The index jumps when immediate buying power overwhelms market liquidity, often creating a scenario where investors race to acquire BTC before prices move higher. Historically, such spikes have coincided with positive developments or inflows of fresh capital. In fact, the same pattern occurred last June and lasted several days, fueling Bitcoin’s rally to nearly $124,000.

Binance Bitcoin Scarcity Index | Source: CryptoQuant

If the current reading remains elevated for multiple sessions, it could signal the start of a strong accumulation phase. Such conditions often precede sustained uptrends as whales and institutions absorb supply, reducing the amount of Bitcoin available on exchanges. However, the index also carries risk signals. A sharp rise followed by a rapid decline, as appears to be unfolding now, may suggest speculative behavior or forced liquidations. This dynamic typically leads to a period of cooling, marked by sideways consolidation or even short-term corrections.

The broader context complicates the picture. In recent months, the index reached record highs—above +6—only to collapse back toward neutral and even negative territory. This stark contrast reveals that while price remains strong, underlying demand momentum may be weakening. If exchange withdrawals slow or supply increases, the scarcity effect could fade.

With the Federal Reserve’s decision on interest rates just ahead, the question remains whether this spike reflects true accumulation or another fleeting burst of speculative activity. The next few days will provide clarity.

Bitcoin Price Analysis: Testing Mid-Range Levels

Bitcoin’s 3-day chart shows the price consolidating around $115,479, following a recovery from early September’s dip near $110,000. The structure highlights a mid-range battle, as BTC trades between the 200-day SMA near $82,600 and resistance at $123,217, the level that capped the July rally.

BTC consolidates around key level | Source: BTCUSDT chart on TradingView

The 50-day SMA at $109,580 is acting as dynamic support, preventing deeper retracement despite repeated tests. Meanwhile, the 100-day SMA at $101,291 remains comfortably below the current price, reflecting an overall bullish medium-term structure. BTC has consistently defended higher lows since April, suggesting accumulation remains present.

However, upside momentum appears capped, with sellers stepping in near $116,000–$117,000. A decisive breakout above $123,217 would likely trigger a push toward uncharted territory, potentially targeting $130,000+. On the other hand, failure to maintain support above $110,000 could open the door to deeper retracements, with $105,000 emerging as the first major downside target.

The chart reflects a market at a turning point: steady accumulation is supporting the price, yet resistance remains strong. With the Fed’s interest rate decision approaching, volatility is expected to rise. Bitcoin’s ability to either break past $123K or hold the $110K floor will define the next trend.

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.



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Bitcoin Hash Rate, Difficulty Hit Record Highs as Miner Supply Spikes

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In brief

  • Bitcoin’s hash rate surged to 1.12 billion TH/s on September 12, marking a new record high.
  • The surge in hash rate has also adjusted Bitcoin difficulty to an all-time high of 136.04T.
  • Experts suggest this outlook has historically preceded an explosive price surge.

After Bitcoin’s recent price surge saw it breach a two-week high amid multi-week record inflows to U.S. spot Bitcoin ETFs, hash rate and difficulty have also hit new all-time highs.

Bitcoin’s hash rate, which is the measure of the network’s total computational power, hit 1.12 billion TH/s on September 12, per Bitinfocharts data. The network’s difficulty, a measure of how computationally hard it is for miners to find a new block on the blockchain, also touched a record high of 136.04T.



Hash rate is the total computational power of all miners that secures the Bitcoin blockchain. The difficulty in finding a block increases once every 2016 blocks are mined, or roughly every two weeks, and it increases if the hash rate increases.

The next difficulty adjustment, per CoinWarz, is scheduled on September 18, 2025, and the current estimate puts the value up 6.38% to 144.72T.

With such a huge spike, Varun Satyam, co-founder of DeFi platform Davos Protocol, told Decrypt that these windows often cause “smaller or inefficient miners to scale back, while larger, efficient operators hold or even accumulate, positioning for the rally to recover their capex.”

With the highly anticipated Federal Reserve rate decision due on September 17 and risk-on markets primed for a 25 basis point rate cut, investors are bullish, expecting Bitcoin’s price to push higher. This outlook coincides with the uptick in miners’ reserves bouncing to a 50-day high of 1.808 million BTC on September 9, per CryptoQuant data, indicating that miners are not looking to sell their stack.

Satyam explained that hash rate surges post-halving have historically preceded price rallies. “We may be entering a similar phase now,” he said, with easing selling pressure and the right macro backdrop, “Bitcoin is primed for a decisive upward move with altcoins riding shotgun.”



Users of prediction market Myriad, launched by Decrypt’s parent company DASTAN, are more sanguine. While over 80% expect it to hold above $105,000 through September, they’re more evenly split on its broader outlook, with just 56% expecting it to top $125,000 by year-end versus 44% who see it dipping under $105,000.

Bitcoin is currently trading at just under $115,000, up 0.8% on the day and 2.3% on the week, per CoinGecko data.

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Pendle Price On Bullish Chart
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PENDLE price breaks above $5 as volume spikes 35%

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Pendle price jumped more than 5% to break above the $5 level amid a notable surge in daily volume, and marched to a new all-time high in total value locked.

Summary

  • Pendle price increased more than 5% to $5.10, with daily volume rising 35% to $110 million.
  • Gains in the past 24 hours have helped push total value locked to a new high above $12.1 billion.

With top cryptocurrencies taking a cue from broader risk asset markets on Thursday amid fresh U.S. inflation data, Pendle surged to an intraday high of $5.10. The altcoin’s price rose 5.8% in 24 hours as of this writing and trended as one of the top performers in the crypto market.

As buyers accumulated the native token of the crypto yield trading platform, the price jumped from lows of $4.76 to above $5.10, extending the bounce that stemmed the downtrend from the Aug. 24 high of $6.29.

PENDLE chart. Source: crypto.news

Pendle (PENDLE) hovering between $4.73 and $5.12 means buyers have the opportunity to establish this as a robust demand zone. Bulls may eye the all-time high of $7.50 reached in April 2024, a move possibly supported as intraday trading volume spikes.

On Sept. 11, buying pressure saw the 24-hour trading volume rise more than 35% to $110 million.

Pendle TVL hits new peak

Amid the price fluctuation, Pendle’s traction in the decentralized finance ecosystem continued as total value locked in DeFi hit a new all-time high above $12.1 billion. Pendle TVL stood at $4.81 billion on July 1, 2025, suggesting a near-double jump in the past two months, with the price rebounding from around $3.24.

The broader market’s outlook, dictated by a confluence of macroeconomic factors and fundamental highlights, has helped PENDLE.

While macro factors such as tariffs and interest rate expectations have provided a backdrop to price fluctuations for risk assets, other factors such as institutional demand, stablecoin adoption, and crypto regulatory developments have been key to altcoins’ resilience.

Price spikes amid high-volume trading signal rising interest, and data from Coinglass show open interest in Pendle has jumped to $143 million.



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Ethereum
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Ethereum Investors Double Down As Staking Activity Spikes Sharply – Here’s How Much

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Ethereum has flipped slightly bullish again after facing bearish pressure for several days and is trading back above the $4,300 price level. Amid this price fluctuation, a recent report shows that ETH’s staking activity has grown exponentially, with a massive portion of the altcoin locked away in staking.

A Massive Growth In Ethereum Staking

While Ethereum’s price is regaining upward traction, staking activity is on the rise. Currently, investors are doubling down on ETH, with staking activity spiking sharply as confidence in the network’s long-term potential strengthens.

This notable surge in staking activity was shared by CryptoGucci, a crypto enthusiast, on the X (formerly Twitter) platform. The development shows a robust commitment from institutional and retail players, who view Ethereum’s proof-of-stake architecture as a pillar for safeguarding the blockchain’s future rather than merely a yield potential.

According to the expert, there is currently more than 36,148,793 ETH locked into staking, even as market volatility continues to shape the broader crypto landscape. This significant number of ETH locked away in staking represents over 29.9% of the total supply of ETH in circulation.

At current market prices, the total ETH locked in staking is worth a staggering $158 billion. CryptoGucci noted that the huge capital from institutional and retail investors championed to the ecosystem is committed to securing ETH through staking.

A massive supply of ETH staked | Source: Chart from CryptoGucci on X

During this substantial wave of ETH staking, a large portion of the altcoin has been persistently withdrawn from major crypto exchanges. Recent reports reveal that Ethereum’s exchange supply is on a steady downward trajectory, and the trend does not appear to be showing any signs of slowing down.

After examining the Ethereum Exchange Reserve metric, CryptoGucci highlighted that the ETH supply on exchanges continues to reach record lows. This development signals a strong shift towards staking and long-term holdings, which reflects rising investor confidence in the altcoin’s potential.

Presently, Exchange-Traded Funds (ETFs) are purchasing billions, treasuries are piling, and institutions are hoarding. Given the ongoing robust attention directed toward ETH, the expert is confident that a notable rally could be on the horizon.

ETH Locking A Larger Chunk Of Spot Market Share

Ethereum is continuously breaking crucial boundaries in the ongoing bull market cycle. In a post on the X platform, Milk Road, a crypto expert, reported that ETH has flipped Bitcoin, the largest crypto asset, in terms of spot market share.

For the first time ever, ETH has captured a larger share of the spot market compared to Bitcoin, surpassing the 50% mark. According to the crypto expert, this is a five-year breakout that indicates the direction of liquidity flow. ETH’s overtaking BTC in this area is a result of stablecoins, tokenization, ETFs, and regulation converging on the network.

ETH trading at $4,436 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from iStock, 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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Real Estate Firm’s Stock Spikes After Revealing First Publicly Traded Chainlink Treasury

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In brief

  • Caliber, a publicly traded real estate asset management firm, is starting a Chainlink treasury.
  • The firm will use cash reserves and existing access to capital to acquire LINK.
  • CWD shares jumped nearly 60% on Thursday as the price of LINK itself rose 2.5%.

Caliber, a publicly traded real estate asset management company, saw its stock price skyrocket Thursday after announcing that it has adopted a digital assets treasury strategy that will center on Chainlink (LINK).

The firm’s strategy was approved by its board of directors, allowing it to allocate a portion of its treasury to acquire LINK—the token that powers a Chainlink’s oracle network, which brings real-world data to blockchain apps. Caliber will use its balance sheet and existing access to capital to acquire LINK, though the firm has not shared how much it intends to acquire. 

“This strategy combines what Caliber already does best—raising and managing capital in private equity real estate funds—with one of the most promising financial technologies of our time,” Caliber CEO Chris Loeffler told Decrypt. 

“That technology, Chainlink, is directly applicable to our existing real estate business and it will help us to better automate our real estate value calculations (NAV automation), help better administer our funds, and it can help us potentially provide stronger liquidity options for our suite of private funds,” he added.



In addition to the digital asset treasury, the board of directors approved the creation of the Caliber Crypto Advisory Board—a group of crypto and blockchain experts that will help guide the firm’s digital asset treasury strategy. Loeffler told Decrypt that the board’s composition would be announced soon. 

Shares in Caliber (CWD) are up 59% since the opening bell on Thursday, now trading hands at $2.70. However, the stock has traded down nearly 4% in the last month and 78% in the last year.

As for why investors would choose CWD shares over buying LINK itself, Loeffler told Decrypt that “it’s a leverage play.” 

“We’re going to give them leverage through our consistent acquisition, through the staking process,” he said. “If they’re a big investor in Chainlink already and they want to take a position in Caliber to get sort of a levered play on that, that would be the way to think about it.” 

In the near future, it may not be eligible for trading on the Nasdaq, though. A filing with the SEC from Wednesday indicates that Caliber received a letter stating it was no longer in compliance with Nasdaq’s Stockholder Equity Requirement, and therefore has 45 days to provide a plan to Nasdaq which would satisfy that requirement. If it fails to do so, its stock could be delisted from the exchange. 

Chainlink (LINK) is up around 2.5% in the last 24 hours and more than 41% on the month.

On Thursday, the Department of Commerce announced it would team up with Chainlink’s decentralized oracle network to integrate macroeconomic data into the DeFi ecosystem.

Furthermore, the 13th largest crypto asset by market cap recently earned an ETF filing from Bitwise. Earlier this month, the team behind the network announced a new Chainlink Reserve funded via the network’s on-chain and off-chain revenues. 

Loeffler’s X account bio now notes that he’s a “new recruit to LINK Marines,” referencing a loose group of die-hard Chainlink investors that advocate for the asset across social media. He also celebrated Chainlink’s collaboration with the U.S. government for on-chain economic data.

“Couldn’t have timed it better, the federal government is a pretty good customer for Chainlink,” Loeffler posted on X.

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XRP Zooms 3% as Bitcoin Spikes on Powell Comments
Crypto Trends

XRP Zooms 3% as Bitcoin Spikes on Powell Comments

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XRP Spiked 3% as Federal Reserve Chair Jerome Powell firmly put a September rate cut on the table on Friday, causing bitcoin (BTC) and major tokens to move higher.
470 million token selloff drove volume spikes and heavy resistance at $2.92, while ETF delays and weak security rankings compound bearish pressure.

News Background

• Institutional liquidations dominated trading as 470 million XRP were offloaded across major exchanges during the Aug. 21–22 window, triggering a sharp selloff.
• On-chain settlement volumes surged 500% to 844 million tokens on Aug. 18, one of the largest spikes this year, signaling adoption growth despite market weakness.
• The SEC postponed rulings on XRP ETF applications, including Nasdaq’s CoinShares filing, now expected in October. The delay adds to regulatory uncertainty.
• A security assessment placed XRPL at the lowest ranking among 15 blockchains, raising concerns about network robustness and adding to bearish sentiment.

Price Action Summary

• XRP declined 3.1% in the 24-hour session from Aug. 21 13:00 to Aug. 22 12:00, falling from $2.89 to $2.80.
• The token ranged $0.12, a 4.25% volatility band, between a $2.92 peak and $2.80 trough.
• The sharpest move occurred at 19:00 on Aug. 21, when XRP was rejected at $2.92 on 69.1M volume, confirming major resistance.
• Final hour trading (Aug. 22 11:24–12:23) saw XRP drop 2.5% from $2.82 to $2.80 on surging volume of 7.2M, confirming bearish continuation.
• Support emerged near $2.80–$2.85, but accumulation interest weakened with each retest.

Technical Indicators

• Resistance hardened at $2.92 on 69.1M volume rejection.
• Support identified at $2.80–$2.85 zone, though weakening on repeated tests.
• Volume spiked to 96M at 11:00 Aug. 22, confirming bearish follow-through.
• Trading range of $0.12 (4.25%) highlights volatility concentration.
• Final hour selloff of 2.5% with 7.2M volume validated bearish continuation.

What Traders Are Watching

• Whether $2.80 can hold as support; a break risks acceleration toward $2.75.
• ETF-related headlines, with October decisions key to broader institutional flows.
• Whale accumulation patterns — on-chain adoption growing, but price failing to reflect fundamentals.
• $2.92–$3.00 resistance zone as breakout trigger for bullish reversal.



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Avalanche gains momentum as monthly transactions surge 326% but this chart signals a cold front
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Avalanche activity spikes despite AVAX price pullback

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Avalanche network activity continues to show robust growth despite the native token hitting a snag and slipping from highs above $25 as a pullback across the crypto market engulfed most coins. 

Summary

  • Avalanche price pulled back from highs above $25, retreating slighty amid broader market sell-off pressure.
  • Nansen data however shows Avalanche’s onchain growth momentum remains.

The Avalanche (AVAX) token rose to highs of $25.64 on Aug. 18, extending the uptick that had bulls off support levels around $23.40 over the past week. 

However, with cryptocurrencies down in the past 24 hours amid widespread profit taking, AVAX pared gains to hover around $23.61. The altcoin was down 5% in 24 hours as Bitcoin (BTC) fell below $115k and Ethereum (ETH) retreated to near $4,200.

Avalanche network activity rises

While Avalanche’s price is facing the same downside pressure that currently engulfs the broader risk-asset market, data shows network strength that supports the long-term outlook. Other than the key metric of stablecoin growth, onchain data from Nansen suggests the past two weeks have been huge for Avalanche in terms of transactions.

An update by the multichain artificial intelligence-powered analytics platform shared on August 18 shows that Avalanche’s daily transactions grew by more than 100% in the past month. From about 500,000 transactions per day, Nansen data shows the network rose to hit over 1.3 million in daily transactions.

Avalanche activity is on the rise. 🔺

Over the last 30 days, transactions jumped from ~500K/day lows to 1.3M+ daily transactions, more than doubling in just two weeks!

Momentum on @avax is definitely heating up. pic.twitter.com/iDIW8Vihw3

— Nansen 🧭 (@nansen_ai) August 18, 2025

Notably, most of the uptick came in a two-week period in which Avalanche witnessed significant network growth.

Momentum for AVAX is cooling, but with the bullish fundamentals in place, analysts say Avalanche’s price setup suggests a breakout. Stablecoin growth and decentralized finance traction are driving this outlook.

TVL and other metrics 

As the onchain metrics point to increased user activity, DeFiLlama data indicates total value locked is ticking up from April 2024 lows.

The TVL aside, Avalanche is also attracting attention as a platform for real-world asset tokenization. In the tokenization market, the latest development related to Avalanche is the move by Bowmore, among the oldest distilleries in Scotland, to launch its first-ever tokenized whisky bottles on the AVAX blockchain.

In July 2025, Avalanche attracted headlines as it announced that $250 million in RWAs was coming onchain via Grove. The platform also struck a deal with Visa for global stablecoin settlement.





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