Tag:

Whats

Memecore Price Surges 20% Amid Breakout Hopes, What’s Next?

by admin August 20, 2025

As major memecoins have displayed increased price volatility, this segment is back under discussion over the past few trading sessions. The Memecore (M) crypto has played a major role in this as its price has displayed major movements within a short period of time, making it the center of talks within the crypto community.

The memecore price chart has been displaying constant waves patterns over the past weeks and it is now on the path of potentially forming a massive swing-like pattern in the upcoming time.

Memecore is currently listed on CoinMarketCap at $0.4566 with a change of +20%. Moreover, it was trading between a high of $0.4654 and a low of $0.4523. The daily volume is about $36.75 million, which implies good activity even in the trading periods when there is no direction in prices.

With this, investors are keeping a close eye on whether the token can defend its position around the $0.395 or record a breakout to higher levels beyond $0.484.

M Memecoin Breaks Out Channel Pattern

The chart in the 4H time frame has formed a down-sloping channel pattern since August 4, 2025. Ideally, this pattern is considered as a bullish pattern in the longer time frame. Fast-forwarding to the recent candle, the memecore price has successfully breach the resistance of the trend pattern around $0.39 level and has further converted it into a support as seen in the chart.

However, it has failed to breach the $0.484 mark in the 4H time frame. The recent bounce off the lower band ($0.36) of the trend pattern indicates that the buyers are fighting for support as that price point is a potential entry point for investors.

Historically, this memecoin has displayed major volatility around the $0.36 mark and it has also acted as a key resistance during the last week of July 2025.

In case the bullish dominance is maintained, the token may retest the resistance zone of $0.5814 that is where it was during the earlier rally. On the negative side, the important support level stands strong at $0.3951 with its crucial low holding at $0.3083 respectively.

The Bear Bull Power (BBP) which is used to identify potential trend reversal by measuring the strength of buyers(bulls) and sellers (bears) in the market, is pointing to a little restoration in purchasing strength is currently at 0.0773 (positive). Moreover, with 5 consecutive green histograms, the technical indicators show increasing bullish share in the market. With this, the trend of the overall channel indicates caution until the decisive breakout is made.

Will MemeCore Price Maintain Bullish Momentum?

A break above $0.48 should be an inflow magnet and the beginning of a rally toward its upper price target of $0.58 level. Failing to do so, the M memecoin price may experience a pullback towards the $0.39 in case of a major sell-off, its lower support of $0.30 may be retested where it has taken support in the past.

Also Read: Mark Cuban Questions Future of Crypto IPOs As Bullish Stock Drop

Disclaimer: The Crypto Times does not endorse or promote this digital asset in any manner. This article was created only for educational purposes. Make sure to “DYOR” as the market is highly volatile. New positions should be done by traders being careful and awaiting volume-backed breakouts.

Source link

August 20, 2025 0 comments

NFT Gaming

Dogecoin Whales Accumulate as Short-Term Holders Capitulate: What’s Going On?

by admin August 20, 2025

In brief

Dogecoin whales have accumulated 300M DOGE tokens over the past week, as short-term holders sell at a loss.
The profitability of investors who purchased the dog-based meme token over the past 30 days hovers around 9% after the recent crypto market correction.
Experts suggest this capitulation is a forced transfer of wealth from weak hands to strong ones and is bullish in the long run.

On-chain data reveals that Dogecoin whales are aggressively accumulating the meme coin at a discount as short-term holders capitulate amid major fundamental developments and price reversals.

The divergence in behavior follows a series of recent key events, including a spot ETF filing and a high-profile corporate acquisition.

A capitulation event was spotted on August 15 with 271.41 million DOGE sold at a loss, according to Santiment data.

A capitulation event is when investors sell their token at a loss amid volatile price regimes.

Dogecoin experienced a 16% correction between August 13 and 14, resulting in a local bottom formation on August 15. But retail investors, often swayed by ephemeral price moves, sold their tokens at a loss on August 15.

The profitability of short-term holders who purchased Dogecoin tokens in the past month reached 9% on August 19, further highlighting the capitulation.

Over the same period, however, whales holding between 100 million and 1 billion DOGE acquired more than 330 million DOGE at a discount, bringing their total holdings to 26.73 billion.

“This looks like the community shaking out short-term price chasers while long-term believers add to their stacks,” Jordan Jefferson, Founder and CEO of Dogecoin app layer DogeOS, told Decrypt.

However, this divergence is not a cause for concern, he argued. “Supply is moving into steadier hands that care about Dogecoin’s future rather than the daily chart,” Jefferson explained.

Dogecoin ETF incoming?

This dynamic between short and long-term holders is playing out against the backdrop of several major headlines.

On August 16, Grayscale filed an S-1 for a spot Dogecoin ETF.

Though the U.S. Securities and Exchange Commission (SEC) has since delayed its decision, this move, coupled with the announcement of a Trump family-backed company acquiring a Dogecoin mining firm, has injected both institutional legitimacy and speculative hype surrounding Dogecoin.

Jefferson believes this split is a key differentiator in how retail and institutional investors process information.

“Headlines move fast, and retail speculators chase them,” he stated, noting that whales, in contrast, “see past that, recognizing that DOGE is stepping onto institutional rails while also moving into real-world applications.”

This long-term view enables large investors to capitalize on short-term price weakness to accumulate for the future.

Rather than pointing to the future downside, Jefferson argued that the capitulation and accumulation signal a healthy consolidation phase for Dogecoin.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

August 20, 2025 0 comments

NFT Gaming

Dogecoin Director Issues RadioDoge Project Details: What’s Next for DOGE?

by admin August 18, 2025

Dogecoin Foundation director, Timothy Stebbing, has revealed his vision for RadioDoge, a Dogecoin grassroots project committed to improving financial inclusion for unbanked individuals.

The technology uses long-distance RF technologies like LoRa and VaraHF to enable dependable and durable data transfer in remote areas, eliminating the requirement for traditional internet access to reach the Dogecoin blockchain.

RadioDoge also utilizes the Starlink network. In a tweet on X, Stebbing revealed his musings about RadioDoge. He highlighted a vision of having a RadioDoge base station coverage of 500kms for ground based HF and lorawan, which would be about 150 base stations to cover Africa’s 30.3 million square kms.

You Might Also Like

“Assuming RadioDoge base station coverage of 500KMs for ground based HF + lorawan, that’s about ~150 base stations to cover Africa’s 30.3 million square KMs (with overlaps). Using this new $5/month 500kb/s starlink for backhaul we could provide Dogecoin coverage to all of continental Africa for about $750/month,” Stebbing wrote.

Assuming RadioDoge base station coverage of 500KMs for ground based HF + lorawan, that’s about ~150 base stations to cover Africa’s 30.3 million square KMs (with overlaps)..

Using this new $5/month 500kb/s starlink for backhaul we could provide Dogecoin coverage to all of… https://t.co/7fQAGxl15Y

— Timothy Stebbing (@tjstebbing) August 17, 2025

Stebbing added: “That’s providing a means of exchange to all of Africa without access to internet for under 1k/month. no more middle-men ripping off farmers because they can’t access banking. Literally life changing if someone could commercialize this stuff.”

Dogecoin news

On April 22, 2022, the first-ever DOGE transaction was successfully transmitted via radio using the Radio Doge protocol. The global Starlink satellite network helped to make this historic feat possible.

You Might Also Like

Grayscale is moving forward with its proposal to launch and trade an exchange-traded fund that trades Dogecoin under the ticker code “GDOG,” according to a recent filing.

In a registration statement filed on Friday, Grayscale announced that the Grayscale Dogecoin Trust will be renamed Grayscale Dogecoin Trust ETF.

Source link

August 18, 2025 0 comments

GameFi Guides

Moonbirds NFTs Are Soaring Again: What’s Behind the Price Surge

by admin August 17, 2025

A little over a year ago, Moonbirds was a cautionary tale.

The once-hyped Ethereum profile picture (PFP) project, launched in 2022 by Kevin Rose’s Proof to immense demand, had seen its reputation crater amid community backlash, ownership shakeups, and plummeting prices.

Holders griped about broken promises, shifting roadmaps, and changing leadership. By mid-2023, the project’s floor price had fallen from double-digit ETH highs to well under 1 ETH, making it an enduring punchline in NFT circles.

Fast forward to today, and Moonbirds is flying high again, re-emerging as one of the most talked-about collections in crypto. The catalyst? Its May acquisition by Orange Cap Games, a gaming and IP development studio led by Spencer Gordon-Sand, who simply goes by his first name online.

That move, announced in May, was meant to give the studio a property to build around—but it also lit a spark under the once-mocked collection.

“We wanted to take our growth to the next level by acquiring our own native IP,” Spencer told Decrypt. “Moonbirds is my favorite IP in crypto. I was once the largest holder of Oddities because I was just so bullish on the Mythics art, and I think it totally delivered. The birbs are sick.”

When Orange Cap first took over Moonbirds, the brand was effectively in stasis following its acquisition by Bored Ape Yacht Club creator Yuga Labs a year prior.

“Its operations had not been actively managed for quite a while,” Spencer recalled. “We needed to take a stepwise approach: first reactivate the existing community, then bring in Crypto Twitter and new people who previously didn’t have exposure.”

That strategy has paid off big in recent weeks. While Spencer wouldn’t comment directly on price speculation, he noted that when Orange Cap stepped in, the price floor—or value of the cheapest listed NFT on a marketplace—sat at just 0.29 ETH.

Now it’s above 3 ETH. But the swing looks even more dramatic in U.S. dollar terms, due to the recent surge in Ethereum’s price. Moonbirds traded for under $800 in May, but as of Friday, they started at nearly $14,000 on marketplaces.

If you told me that MOONBIRDS would 20x in 2 months and be the best performing ETH beta by far at the start of the summer I would’ve genuinely thought you were mentally unwell pic.twitter.com/s0GvcKVahA

— Cirrus (@CirrusNFT) August 12, 2025

It recalls the second-life success of Pudgy Penguins, an NFT brand that cratered in early 2022 amid leadership issues and community uproar. Sold to entrepreneur Luca Netz that year, the Ethereum project soared to fresh peaks thanks to the viral success of its social media strategy, token-linked toys sold in major mainstream stores like Walmart, and other efforts.

Amid the Moonbirds price swing and its own change in ownership, the community energy feels different lately. While a surge in value is sure to make anyone perk up, Spencer believes that Moonbirds holders have other reasons for renewed optimism.

“A lot of crypto has become very jaded,” Spencer said. “Moonbirds are not that. The community genuinely cares about wanting to be on the forefront of technology. As we’ve partnered with protocols and others, they’re not just interested in farming or quick flips.”

The power of “birbish”

One of the more surprising drivers of the turnaround wasn’t a major tech integration or celebrity endorsement—it was a linguistic shift.

“If I had to attribute our momentum to one thing, it’s the decision to consciously introduce the word ‘birb’ into the vernacular around the collection,” Spencer said.

“Birbs and ‘birbish’ are just deeply mimetic,” he added. “‘GBirb’ is the calling card of the community. ‘Birbish’ is an easy, meaningful, and effective response to any question. It’s given a brand new life with a younger, fresher, more memetic feel.”

On Wednesday, after Bitcoin reached all-time high, famed crypto artist Mike “Beeple” Winkelmann posted a new piece called “ALL TIME HIGH,” with a clear reference to Moonbirds. The piece depicts a defaced McDonald’s counter littered with crypto graffiti, including the word “birbish” scrawled across the front.

This kind of identity reframe has helped Moonbirds reconnect with NFT Twitter culture, where memes often make or break a brand.

Looking ahead, Orange Cap Games has a simple vision: “The long-term goal is to take the birbs to Birbhalla,” Spencer said.

Orange Cap, known for bringing IP to life through its Pudgy Penguins-themed Vibes trading card game, sees Moonbirds as a cornerstone for broader entertainment and gaming initiatives, similar to how Labubu giant Pop Mart develops both collaborations and its own characters like Hirono. But they aren’t sharing concrete plans just yet.

“We have a lot of cool stuff we are working on, but we have [never] made specific commitments about it in public, and that’s very much on purpose,” said Spencer.

“If you want to ride with us, ride with us,” he continued. “We will do cool stuff on this ride, but when teams make specific commitments prior to being ready to deliver, this is typically what puts them in tough situations if they need to pivot or anything. That’s why you see a lot of teams stuck delivering old promises.”

Are NFTs back?

It’s not only Moonbirds that are flying again lately. The influential CryptoPunks also recently hit a more than three-year price high in U.S. dollars, trading for nearly $250,000 a pop, while other “blue chip” NFTs—like Tyler Hobbs’ “Fidenza” generative art collection for Art Blocks—have also posted multi-year highs of late. And NFT trading volume rose in July compared to June.

But Spencer is quick to temper the hype. There’s more buzz around NFTs than there has been in a while, but he cautioned against assuming that another wild boom is imminent.

“Yes, but it’s not every NFT collection,” he said about the current upswing. “It’s exactly like the dot-com bubble—tons of things went public just on a domain name, but when the water went out, you saw who was swimming naked. Out of that came Facebook, Amazon, Google.”

“The same thing is happening here,” he said. “The next cycle is now. It’s not as frothy, but real brands and real businesses can rise to the top.”

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

August 17, 2025 0 comments

Crypto Trends

Shiba Inu (SHIB): 1,000,000,000,000 Lost, What’s Happening?

by admin June 23, 2025

Shiba Inu’s position as one of the more well-known meme coins on the market is in jeopardy due to increasing pressure from both the technical and on-chain fronts. SHIB may be losing favor with major holders as price action drops below important support levels and on-chain activity decreases.

Technically speaking, SHIB has maintained its downward trajectory, currently trading at about $0.0000107 after momentarily falling close to the psychological $0.000010 mark. There is a clear bearish trend as the asset has broken below the 50-100 and 200-day EMAs, the three main moving averages.

SHIB/USDT Chart by TradingView

A lack of buying momentum is indicated by the RSI hovering below 40, and recent recovery attempts have been feeble and short-lived. The volume profile presents an unsettling image as well. There are no indications of accumulation or whale interest, and the daily trading volume has drastically decreased. If buyers do not intervene, price rejection near prior support zones – now serving as resistance around $0.000012 and $0.0000134 – signals additional downside risk.

You Might Also Like

This decline in interest is reflected in IntoTheBlock’s on-chain data. Just 73,197 billion tokens were exchanged on SHIB in the last 24 hours, which is the lowest amount in the previous seven days. From the seven-day high of 16.42 trillion SHIB on June 16, this represents a startling decline. SHIB’s optimistic outlook is threatened by the steady decline in large transaction volume, which points to less activity from institutional players or whales.

You Might Also Like

In addition, SHIB’s price has been declining in tandem with the drop in whale activity. The idea that major market player withdrawals have had a major influence is supported by the correlation between the token’s market price and high transaction volume. SHIB might lose its reputation as one of the few meme coins that can boast of daily trillion-token movements if this trend keeps up.

SHIB requires both a rebound in trading volume and a resurgence in whale interest in order to restore confidence, but neither of these things seems likely to happen anytime soon.

Source link

June 23, 2025 0 comments

Crypto Trends

10,710,000,000,000 Shiba Inu in 24 Hours, What’s Happening?

by admin June 21, 2025

Shiba Inu (SHIB) investors, in the last 24 hours, have locked a total of 10.71 trillion SHIB in open interest as the meme coin continues to witness volatility. The recent market dynamics show SHIB’s price has dipped by over 3% within this time frame.

SHIB price slips, but futures interest remains strong

As per CoinGlass data, the open interest reveals that investors have committed $129.51 million in fiat to lock 10,710,000,000,000 SHIB. This is occurring as general market volatility continues to prevail on Bitcoin and altcoins.

You Might Also Like

The dog-themed meme coin remains in the red zone as the price has dropped significantly. As of this writing, Shiba Inu exchanges at $0.00001138, representing a 3.32% decline in the period under consideration.

Meanwhile, trading volume remains significantly high by 58.65% at $131.56 million. This indicates that traders continue transacting, possibly in a huge sell-off or accumulation at the reduced price.

Despite the increased volatility, Shiba Inu investors have committed approximately $130 million to the meme coin’s futures. The reduced amount compared to previous activities of investors suggests fading enthusiasm on the part of SHIB traders.

At the current setup, more than half of the open interest was held by traders on the Gate.io exchange. These investors account for 54.83%, or 6.24 trillion SHIB, valued at $71.02 million. Bitget and OKX are two other notable trading venues where 1.75 trillion SHIB and 1.23 trillion SHIB were committed, respectively.

Shiba Inu key support zone under threat

Amid this price stagnation, Shiba Inu investors have their eyes fixed on the $0.000011 price level. Notably, this price has been identified as a crucial support for the meme coin, as about 222,450 addresses accumulated 43.8 trillion SHIB tokens at this price.

You Might Also Like

If SHIB plunges further or threatens to breach this critical support, investors looking to cut losses could massively sell off the ecosystem.

In the meantime, Shiba Inu remains resilient, battling market volatility and staying ahead of other altcoins, such as Litecoin, in market capitalization.

Source link

June 21, 2025 0 comments

GameFi Guides

12,385,936 SHIB Destroyed in 24 Hours, What’s Next for SHIB Price?

by admin June 21, 2025

SHIB burn rate up 12,285.94%
What’s next for the SHIB price?

Although the crypto market has continued to show bearish signs across major cryptocurrencies, SHIB has flipped bullish in this key metric.

Data from on-chain tracking service Shibburn reveals a staggering five-digit spike in SHIB’s burn rate, as millions of SHIB tokens were wiped out of circulation over the last 24 hours.

SHIB burn rate up 12,285.94%

With SHIB’s burn rate skyrocketing by a massive 12,285.94% in just one day, the dog-themed meme token Shiba Inu (SHIB) saw a total of 12,385,936 SHIB tokens permanently removed from circulation on June 20.

Source: SHIBBURN

This rapid surge in SHIB’s burn rate has sparked interest across the crypto ecosystem, especially as the token had been experiencing consistent lows in its burn rate over recent weeks. Therefore, the five-figure increase seen today reflects a remarkable resurgence, as demand for the token appears to be returning to earlier levels.

The latest removal of millions of SHIB tokens from circulation has brought SHIB’s circulating supply down to 584,525,215,730,881, highlighting the Shiba Inu team’s ongoing commitment to creating scarcity and driving up the value of the leading meme coin.

What’s next for the SHIB price?

While the SHIB team remains committed to the project’s deflationary strategy, SHIB holders closely monitor this activity to anticipate potential price movements.

Token burns are a key part of Shiba Inu’s long-term roadmap. By sending tokens to inaccessible wallets, the team effectively removes them from circulation forever.

This sharp increase in the burn rate is significant for SHIB investors, as a decreasing supply can potentially boost demand. This suggests growing on-chain activity, which could turn bullish for the token.

You Might Also Like

Despite the spike in this critical metric, SHIB price has not yet responded and continues to trade in the red. Still, holders are optimistic that this resurgence in the burn rate could signal a short-term price recovery.

While this latest burn is one of the largest in recent weeks, it underscores the Shiba Inu community and developers’ strong commitment to managing the token’s supply.

Source link

June 21, 2025 0 comments

Crypto Trends

Bitcoin (BTC) Breaks Out: What’s Next? XRP: 5 Days Left for It, Dogecoin (DOGE): On Verge of Plummeting

by admin June 21, 2025

XRP’s key moves
Bitcoin is alive

As Dogecoin gets closer to what could be its last line of defense on the charts, it is skating on thin ice. Although the asset has been kept above a complete collapse thus far by the critical support level at $0.17, waning market interest and waning momentum are sending alarming signals everywhere.

After an extended downward trend that started in early June, DOGE is currently trading around $0.1704 from a technical perspective. With the 50 EMA (blue) and 100 EMA (orange) serving as overhead resistance, price action has been resolutely bearish and has failed to regain any of the major moving averages despite a brief attempt at a bounce around the $0.18 zone.

DOGE/USDT Chart by TradingView

The fact that the 200 EMA is still well above the present level emphasizes how far away any meaningful recovery is. Trading volume has been steadily declining, which is more concerning than the price alone. The daily chart’s volume bars have been getting smaller for weeks, which suggests that buyers are not as convinced. This type of volume collapse frequently signals capitulation in which investors give up and liquidity evaporates, opening the door for sharp declines.

The next likely support is at $0.14 if DOGE is unable to hold $0.17, but even that could be in jeopardy given the present lack of market interest. Should the market fall below these thresholds, psychologically debilitating zones could emerge around $0.10; worse, DOGE might even add a zero, falling below the 10 cent mark for the first time in months.

XRP’s key moves

XRP is quickly approaching a pivotal point. Since early June, a symmetrical triangle pattern has been forming on the asset’s daily chart, and it is currently consolidating within it. Although neutral by nature, this technical formation is approaching its peak, so it will be about five days before a clear breakout or breakdown occurs. At the moment, XRP is trading at about $2.17, just above the 200-day moving average, which serves as a last line of defense for bullish enthusiasm.

A typical pre-breakout volatility squeeze is reflected in the price’s declining volume as it stays compressed between descending resistance and ascending support. Since symmetrical triangles are frequently used as continuation or reversal setups, they have historically produced sharp directional moves, particularly when they form following a significant trend.

You Might Also Like

The fact that the RSI indicator is still neutral and hovers just above 45 indicates that neither bulls nor bears are clearly in control. Nonetheless, a cautious picture is painted by the declining upward thrust and the absence of aggressive buying volume.

The tightening triangle structure is what makes this five-day window crucial. The price action may accelerate quickly after it exits the formation. We might see a quick retracement down to $1.95 or even $1.80, which are the locations of historical support zones if XRP is unable to maintain the reaching trendline support and the 200-day MA around $2.09.

Conversely, breaking above the triangle’s resistance and regaining important levels like $2. 24 would refute the bearish thesis and possibly spur a rally toward the $2.40-2.50 region. In the days ahead, traders and investors should expect a spike in volatility.

This period of uncertainty will not last long because XRP’s symmetrical triangle is winding tighter and the market will react appropriately once the pressure valve opens. Either way, XRP is getting ready for a big move.

Bitcoin is alive

After a period of consolidation, Bitcoin is finally displaying signs of strength once more. It has broken out of the $106,000 price range, which has been a psychological barrier and resistance level for the past few weeks. Although the breakout is still in its early stages, market players are becoming cautiously optimistic, particularly given that Bitcoin is currently trading at about $105,900.

The successful test and bounce off the 26-day Exponential Moving Average (EMA), which served as dynamic support during Bitcoin’s April surge, is the primary technical signal that supported this move. A possible push toward the $110,000 mark that currently delineates the upper boundary of Bitcoin’s descending triangle formation is made possible by this breakthrough, which indicates that bulls are regaining control.

You Might Also Like

The price action is tight and steady, indicating accumulation rather than distribution, but the volume is still a little muted in comparison to major impulsive phases. The next battleground will be the $110,000 ceiling if buying pressure continues to rise. The short-term downward trend would be invalidated by a clear break above it, which would also probably encourage institutional and retail participants to begin moving again.

The psychological and technical support at around $102,000 is the next best line of defense on the downside after the 26 EMA at about $104,500. The bullish scenario remains intact as long as Bitcoin stays above these zones. Given the persistent geopolitical and monetary policy tensions, Bitcoin’s ability to withstand market uncertainty lends weight to this breakout in terms of macro sentiment. Bitcoin is now approaching a point where volatility could increase significantly due to whales’ ongoing accumulation and the gradual waning of fear.

Source link

June 21, 2025 0 comments

NFT Gaming

Publicly Traded Solana Treasury Firm Is ‘Showing What’s Next’ for Strategy’s Bitcoin Model

by admin June 18, 2025

In brief

Solana treasury company DeFi Development Corp. is taking a different approach from other crypto treasury companies.
The firm is embedding itself within the Solana ecosystem, ensuring it doesn’t need to rely on capital markets to acquire SOL.
It aims to bridge the gap between traditional finance and on-chain ecosystems, said Investor Relations Lead Dan Kang.

DeFi Development Corp, a publicly traded firm building a Solana treasury, says that it is taking a different path from other crypto treasury vehicles, proactively pushing its way into the Solana ecosystem and maintaining laser focus on its “north star” of maximizing SOL per share.

Established in early April, the firm’s Solana stash now boasts more than 620,000 SOL valued at around $90 million, making it the largest Solana treasury among publicly traded entities.

In an interview this week on “FOMO Hour” from Decrypt’s sister company Rug Radio, Investor Relations Lead Dan Kang explained how it’s approaching the increasingly popular crypto treasury model—pioneered by Strategy (formerly MicroStrategy)—differently than some others in the space.

“We used to say we’re sort of a next-gen MicroStrategy,” Kang said. “But I really think of ourselves as the first true on-chain-to-TradFi bridge.”

Its efforts to connect the world of traditional finance and the on-chain ecosystem have been different than that of other crypto treasury vehicles, which oftentimes rely on financing and capital markets to accumulate and stash an underlying asset like Bitcoin.

Instead, DeFi Development Corp. is proactively embedding itself in the Solana ecosystem, most notably through its Solana validator set, which it acquired in May for $3.5 million.

“A lot of the Bitcoin treasury vehicles that exist today are highly capital markets dependent to grow their underlying Bitcoin holdings,” said Kang. “Versus with us, not to say we won’t tap the capital market playbook… but by virtue of running our own validator infrastructure, we actually don’t need to tap the capital markets to keep growing our underlying SOL per share.”

The firm’s ability to tap into a robust on-chain ecosystem and earn yield via a proof-of-stake asset is another reason it chose Solana, eschewing the limitations of some Bitcoin treasury vehicles. Plus, there was no reason to compete with Strategy, said Kang, who likened the firm and its monstrous $62 billion Bitcoin treasury to an NFL lineman.

“If I hand you a football, would you want to play running back against an NFL lineman, or would you rather run the ball down the field with no one in the way?” said Kang. “Michael Saylor and MicroStrategy—they’re the NFL lineman in the Bitcoin vehicle space. Hats off to those who want to take them on, but we intend to become the big behemoth in the Solana treasury space.”

The firm appears on its way, having amassed its $90 million treasury in just two months since announcing plans to pivot towards a Solana strategy, as the AI-driven real estate platform rebranded from Janover. In that time, on top of the validator acquisition, it also launched its own liquid staking token, partnered with notable Solana meme coin Bonk, and established a $5 billion equity line of credit for future Solana acquisitions.

“If MicroStrategy showed what is possible in the crypto treasury space,” Kang added, “DeFi Development Corp. is here to show them what is next.”

Edited by Andrew Hayward

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

June 18, 2025 0 comments

Crypto Trends

Ripple Just Transferred $438,999,244 XRP in Minutes, What’s Happening?

by admin June 18, 2025

200,000,000 XRP moved by Ripple
XRP plummets 6.26%

On June 17, on-chain monitoring firm Whale Alert revealed in a recent X post a mysterious crypto transfer worth nearly half a billion dollars, involving the renowned enterprise blockchain company Ripple and the third-largest cryptocurrency by market capitalization, XRP.

200,000,000 XRP moved by Ripple

According to the data tracker, Ripple sent a massive 200 million XRP tokens worth over $438 million to an unknown wallet, sparking curiosities among XRP holders.

The move, which appears to be a longstanding routine from Ripple, comes as no surprise, as Ripple has been consistent with moving large amounts of XRP tokens to unidentified wallets month after month. However, XRP holders are concerned about the motive behind the move, considering its timing.

You Might Also Like

Notably, the massive transfer marks another major XRP move made by Ripple since June, as the company appears to be redistributing its XRP holdings. Earlier this month, Ripple unlocked a billion XRP tokens from escrow after it had locked 670 million tokens in its escrow wallets about three days earlier.

While the motive behind the recent XRP transfer from Ripple remains uncertain, XRP holders are worried that it might be a bearish move, considering that it happened after XRP saw its price fall sharply from a high of $2.25 to an unexpected low of $2.15 on the same day.

Also, Ripple’s prolonged legal case with the SEC, which has recently been put on hold, has made the move more concerning, as XRP investors are carefully observing actions from the company to help them hedge against potential shortcomings.

XRP plummets 6.26%

The massive XRP transfer from Ripple to an unidentified destination comes at a time when XRP is seeing massive sell-offs from holders amid a broad crypto market bloodbath.

Data from CoinMarketCap shows that the token has dropped massively by 6.26% over the last day, with its price trading negatively at $2.16 at press time.

Source: CoinMarkketCap

The growing uncertainties across the market have sparked more curiosity among market watchers about whether the move could help XRP flip to the other side of the market or if it is just one of those bearish moves that could fuel further drops for the token.

Source link

June 18, 2025 0 comments