FLOKI eyes 120% rally as Valhalla launches $10K giveaway after explosive weekly growth

  • Floki Inu’s metaverse game has hit over 100,000 Veras minted since the June 30 launch.
  • Valhalla has announced a $10,000 giveaway for early players.
  • FLOKI’s weekly chart signals an explosive rally after prolonged declines.
Meme coins are stealing the show as Bitcoin tests $109,000, trading at $108,955. Meanwhile, FLOKI appears poised to lead the potential bull run as its metaverse game, Valhalla, sees explosive growth following the mainnet launch. The game has seen over 100,000 Veras minted since the June 30 mainnet launch, marking a massive entry into the online gaming sector. Further, the team has announced a $10,000 reward to celebrate this milestone. Early players who complete the tutorials qualify for the giveaway. The official announcement reads: Valhalla launched with a BANG on opBNB mainnet on June 30th and has just passed the 100K minted Veras milestone. To celebrate, we’re giving away $10,000 in prizes to the earliest players. These steps are crucial in attracting and retaining participants. Meanwhile, analysts watch FLOKI’s price charts amidst the optimism. A potential upside reversal pattern is emerging on the weekly timeframe after extended downtrends. A confirmation could trigger explosive moves and propel the meme token’s price to the key resistance at $0.00019082. That would mean an approximately 124% gain from Floki Inu’s current market price of $0.00008452. Let’s check how FLOKI could attain such a remarkable rally as its ecosystem gains strength amid Valhalla hype. Floki Inu ushers in utility with Valhalla Valhalla was among the most-awaited upgrades by the meme token community. It is beyond a game, representing a key foundation of Floki Inu’s long-term mission to transform into a utility-driven project. That matches the broader trend, where market participants are opting for crypto ecosystems with real-world utility. Valhalla gamers gather and battle with Veras, upgrade in-game assets and finally interact with other players. It leverages opBNB to guarantee smooth gameplay and low fees. That reduces entry barriers for new participants often turned off by expensive gas charges. That positions the dog-themed crypto project to grab mainstream attention, which will likely fuel long-term growth. The Floki Inu team has been consistent in delivering tangible value through launches like Valhalla, and the explosive activity surge shows the plan could be working. FLOKI price outlook: massive rally impending? Besides web3 gaming, Valhalla’s impressive growth has renewed sentiments around the native FLOKI. The meme coin shows signs of life after prolonged dips. It trades at $0.00008452 after gaining nearly 20% in the past week. Source – Coinmarketcap The bullish momentum follows the latest rebound from the support zone at $0.00003996. Floki Inu used this foothold to support massive rallies in late 2023, and that could be materializing. Continued Valhalla success and broad market surge could confirm a bullish reversal emerging on FLOKI’s weekly chart. That might trigger explosive gains toward the first crucial resistance zone at $0.00019082. That would mean an approximately 124% increase from the alt’s current price. The next resistance is at $0.00023966, beyond which FLOKI could witness a full recovery to $0.00029775. However, breaching $0.00003996 may cancel the bullish formation, catalyzing notable dips or sideways actions. The post FLOKI eyes 120% rally as Valhalla launches $10K giveaway after explosive weekly growth appeared first on CoinJournal.

Solana price jumps 45% as network activity soars: can SOL breach $160?

  • Solana’s network activity hit a record 15.39 million addresses.
  • SEC fast-tracks SOL ETF filings after SSK ETF launch.
  • SOL nears key $160 resistance amid strong technical setup.
Solana (SOL) has seen an impressive 45.6% surge over the past three months, driven by record-breaking network activity and growing optimism around a potential exchange-traded fund (ETF) approval in the United States. Notably, the price hike has brought SOL closer to the key resistance zone around $160, raising hopes of a breakout as momentum builds from both technical and fundamental fronts. Daily activity on the Solana Network hits record highs Solana’s network has witnessed a sharp increase in usage over the past few weeks, with Daily Active Addresses (DAA) soaring to a historic peak of 15.39 million. This surge in on-chain engagement reflects rising demand for the platform’s decentralised applications and staking services, especially at a time when other blockchain networks have shown stagnation. In the first week of July, activity briefly dropped below 5 million, only to rebound to 14.63 million by July 7, signalling strong underlying user interest and a resilient ecosystem. Such consistent growth in user activity is often a precursor to sustained price appreciation, particularly when it coincides with positive market sentiment. Solana ETF speculation adds to bullish momentum Speculation around the approval of a Solana ETF has intensified after the US Securities and Exchange Commission (SEC) asked fund issuers to update and resubmit their applications by the end of July. While the SEC has until October 10 to reach a final decision, sources close to the matter have suggested that the timeline could accelerate following the surprise launch of the SSK ETF — the first Solana staking fund to go live in the US. The SSK ETF, launched by REX Shares and Osprey, drew $12 million in inflows on its first day and recorded $33 million in trading volume, adding urgency to the SEC’s response timeline. Analysts believe that the existence of a live Solana-based ETF has pressured the SEC to avoid giving one fund a competitive edge, as it did in the case of Bitcoin and Ethereum ETF approvals. This regulatory backdrop has contributed to renewed bullishness in the Solana market, even though approval is not yet guaranteed. Investor behaviour signals quiet accumulation Exchange data also supports the bullish setup, with net outflows from centralised platforms increasing steadily in recent weeks. This trend usually indicates that investors are moving their holdings into cold storage or decentralised wallets, a common signal of accumulation by long-term holders. Moreover, despite low or negative funding rates, which show a lack of aggressive long positions, the market has remained firm — a setup that could lead to a short squeeze if SOL breaks higher. With funding rates staying flat and volume holding above $4.5 billion daily, momentum could shift quickly if key resistance levels are cleared. Technical analysis points to a breakout attempt On the charts, Solana (SOL) is rounding off a classic cup-and-handle pattern, which is typically a bullish continuation signal when followed by a breakout above the upper handle. Currently, SOL is hovering just under the critical resistance zone between $159 and $163.82, levels that align with key moving averages and Fibonacci retracements. At the time of writing, Solana was trading at $150.76, slightly below the $159 barrier that has capped its rallies for several weeks. The price stability above $150, despite volatile market conditions, shows strong buying pressure and investor confidence, even as leveraged traders remain on the sidelines. While the Moving Average Convergence/Divergence (MACD) shows momentum tapering off, it remains near the zero line, indicating a potential trend reversal if upward pressure continues. The Relative Strength Index (RSI) sits close to 50, revealing investor indecision but also suggesting room for a significant move in either direction. A clean breakout above $159 would likely confirm the cup-and-handle formation and open the door to higher targets, with $194.25 and $215 as the next major price zones to watch. The post Solana price jumps 45% as network activity soars: can SOL breach $160? appeared first on CoinJournal.

Why Liquidity Matters More Than Ever For Bitcoin

Bitcoin Magazine

Why Liquidity Matters More Than Ever For Bitcoin Global liquidity has long been one of the cornerstone indicators used to assess macroeconomic conditions, and particularly when forecasting Bitcoin’s price trajectory. As liquidity increases, so does the capital available to flow into risk-on assets, such as Bitcoin. However, in this evolving market landscape, a more responsive and perhaps even more accurate metric has emerged, one that not only correlates highly with BTC price action but is also specific to the ecosystem. Global M2 Let’s begin with the Global M2 vs BTC chart. This has been one of the most shared and analyzed charts on Bitcoin Magazine Pro throughout the current bull cycle, and for good reason. The M2 supply encompasses all physical currency and near-money assets in an economy. When aggregated globally across major economies, it paints a clear picture of fiscal stimulus and central bank behavior. Figure 1: The Global M2 vs BTC chart has established itself as a key forecasting metric. View Live Chart Historically, major expansions in M2, especially those driven by money printing and fiscal interventions, have coincided with explosive Bitcoin rallies. The 2020 bull run was a textbook example. Trillions in stimulus flooded global economies, and Bitcoin surged from the low thousands to over $60,000. A similar pattern occurred in 2016-2017, and conversely, periods like 2018-2019 and 2022 saw M2 contraction aligning with BTC bear markets. A Stronger Correlation However, while the raw M2 chart is compelling, viewing Global M2 vs BTC Year-on-Year provides a more actionable view. Governments tend to always print money, so the base M2 supply nearly always trends upward. But the rate of acceleration or deceleration tells a different story. When the year-over-year growth rate of M2 is rising, Bitcoin tends to rally. When it’s falling or negative, Bitcoin typically struggles. This trend, despite short-term noise, highlights the deep connection between fiat liquidity expansion and Bitcoin’s bullishness. Figure 2: Switching to the Global M2 vs BTC YoY chart reveals a stronger correlation between these two metrics. View Live Chart But there’s a caveat: M2 data is slow. It takes time to collect, update, and reflect across economies. And the impact of increased liquidity doesn’t hit Bitcoin immediately. Initially, new liquidity flows into safer assets like bonds and gold, then equities, and only later into higher volatility, speculative assets like BTC. This lag is crucial for timing strategies. We can add a delay onto this data, but the point remains. Stablecoins To address this latency, we pivot to a more timely and crypto-native metric: stablecoin liquidity. Comparing BTC to the supply of major stablecoins (USDT, USDC, DAI, etc.) reveals an even stronger correlation than with M2. Figure 3: Historically, changes in stablecoin liquidity have coincided with Bitcoin cycles. Now, just tracking the raw value of stablecoin supply offers some value, but to truly gain an edge, we examine the rate of change, particularly over a 28-day (monthly) rolling basis. This change in supply is highly indicative of short-term liquidity trends. When the rate turns positive, it often marks the beginning of new BTC accumulation phases. When it turns sharply negative, it aligns with local tops and retracements. Figure 4: Plotting the stablecoin supply rate of change shows how liquidity trends tightly align with BTC price action. Looking back at the tail end of 2024, as stablecoin growth spiked, BTC surged from prolonged consolidation into new highs. Similarly, the major 30% drawdown earlier this year was preceded by a steep negative turn in stablecoin supply growth. These moves were tracked to the day by this metric. Even more recent rebounds in stablecoin supply are starting to show early signs of a potential bounce in BTC price, suggesting renewed inflows into the crypto markets. Figure 5: In the past, the indicator triggered by the liquidity rate crossing above zero has been a reliable buy signal. The value of this data isn’t new. Crypto veterans will remember Tether Printer accounts on Twitter dating back to 2017, watching every USDT mint as a signal for Bitcoin pumps. The difference now is we can measure this more precisely, in real-time, and with the added nuance of rate-of-change analysis. What makes this even more powerful is the intracycle and even intraday tracking capabilities. Unlike the Global M2 chart, which updates infrequently, stablecoin liquidity data can be tracked live and used on short timeframes, and when tracking for positive shifts in this change, it can provide great accumulation opportunities. Conclusion While Global M2 growth aligns with long-term Bitcoin trends, the stablecoin rate-of-change metric provides clarity for intra-cycle positioning. It deserves a spot in every analyst’s toolkit. Using a simple strategy, such as looking for crossovers above zero in the 28-day rate of change for accumulation, and considering scaling out when extreme spikes occur, has worked remarkably well and will likely continue to do so. Loved this deep dive into bitcoin price dynamics? Subscribe to Bitcoin Magazine Pro on YouTube for more expert market insights and analysis! Click Here To Subscribe To YouTube Channel For more deep-dive research, technical indicators, real-time market alerts, and access to expert analysis, visit BitcoinMagazinePro.com. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions. This post Why Liquidity Matters More Than Ever For Bitcoin first appeared on Bitcoin Magazine and is written by Matt Crosby.

XRP price rises 15% to $2.24, but whale sell-off raises downside risk

  • Whale addresses offload 600 million XRP in one day.
  • Long-term holder activity hits 7-month high.
  • Resistance at $2.27 remains key barrier for next move.
XRP has climbed from $1.94 to $2.24 in recent sessions, a 15% gain that marks a short-term recovery for the Ripple-associated token. However, despite the rise, concerns are building over its ability to hold or build on this momentum. Although XRP is currently trading at $2.24, its price is down by 2.15% in the last 24 hours. Source: CoinMarketCap Analysts tracking blockchain data say large holders have begun offloading their positions, putting pressure on the altcoin just as it approaches a major resistance level at $2.27. Blockchain data shows that wallets holding between 100 million and 1 billion XRP offloaded over 600 million tokens within 24 hours this week, reducing their collective balance to 7.7 billion XRP. The value of the tokens sold stands at more than $1.2 billion. This selling activity signals rising uncertainty among large investors—also referred to as whales—about XRP’s ability to continue climbing in the current environment. Long-term holders turn bearish One of the key indicators of market conviction is the “age consumed” metric, which measures the activity of long-held tokens. This week, that metric spiked to a seven-month high, indicating a rise in selling among long-term holders (LTHs). These LTHs are often viewed as stabilising forces in the market, and a decision by them to reduce exposure could suggest waning confidence in XRP’s long-term trajectory. The scale of this shift is noteworthy because LTHs typically refrain from selling during volatile periods. Their decision to do so now introduces added downside risk and puts further pressure on price stability. As more long-held XRP enters circulation, selling pressure could outpace buyer demand, leading to a potential retracement. Price faces strong resistance at $2.27 At present, XRP is trading just below a resistance level that has remained intact for over a month. The $2.27 threshold has historically been a key barrier for the token. Should XRP fail to break through this level, the next likely move would be a return to support around $2.13. If sellers continue to dominate—especially those unloading large holdings—the momentum required to breach $2.27 may not materialise. Without a decisive push above this level, XRP risks losing its recent gains and returning to a more bearish trajectory. However, a breakout above $2.27 could open the door to further gains, particularly if it flips this level into support. If that scenario plays out, XRP’s next resistance would come in at $2.32, followed by a possible move towards $2.45. But with market sentiment currently mixed, the odds of this bullish move remain uncertain. Market outlook depends on whale sentiment Whether XRP continues its upward trend or reverses course will depend heavily on the behaviour of its largest investors. If whales continue to exit their positions, retail demand may not be sufficient to absorb the supply, limiting the potential for further price growth. The altcoin’s immediate future hinges on how it interacts with the $2.27 resistance zone. A failure here, combined with persistent sell pressure from long-term holders, could see XRP fall back to test support levels. On the other hand, a sustained breakout, though less likely in the short term, would provide bulls with a chance to regain control. The post XRP price rises 15% to $2.24, but whale sell-off raises downside risk appeared first on CoinJournal.

Metaplanet Boosts Bitcoin Strategy, Pumps $5B into US Subsidiary

Japanese investment firm Metaplanet has injected $5 billion into its U.S. subsidiary, Metaplanet Treasury Corp., as part of its plan to grow its bitcoin (BTC) holdings and expand globally in the digital asset space. The funds will be used to accelerate the company’s “555 Million Plan” to buy up to 210,000 BTC by the end of 2027—1% of bitcoin’s total supply. Metaplanet has already made good progress, recently increasing its holdings to 11,111 BTC, worth over $1.1 billion. Metaplanet allocates $5 billion to its wholly owned U.S. division Metaplanet’s U.S. arm, Metaplanet Treasury Corp, launched in May 2025, and based in Florida, is a key part of the company’s strategy. Florida and Miami in particular have become pro-Bitcoin havens, and digital asset infrastructure is growing. By entering the U.S. market, the company will benefit from deep capital markets, institutional infrastructure and transparent regulations to buy and manage large amounts of bitcoin. The company will access both exchange and over-the-counter (OTC) markets for large BTC purchases. “This U.S. expansion underscores our determination to establish a globally integrated treasury model,” Metaplanet said in a statement. “The Company believes this approach will drive long-term accretion to shareholder value, enhance treasury yield efficiency, and reinforce our positioning at the forefront of Bitcoin-based capital market innovation.” The $5 billion will be funded by exercising stock acquisition rights from previously issued convertible securities. The funds will be used exclusively for bitcoin purchases with no change to the use of proceeds as previously disclosed. The “555 Million Plan” was announced on June 6, 2025 and outlines Metaplanet’s path to becoming one of the world’s largest corporate bitcoin holders. The company will buy 30,000 BTC by the end of 2025, and 210,000 BTC over the next few years. This is not just a financial move but a strategic one. It’s about building a transparent, efficient and global treasury on bitcoin. Metaplanet’s stock has gone up over 1,250% in the last 6 months and part of that is due to their aggressive push into bitcoin. But the recent announcement has caused short-term volatility in the stock. After hitting $15 the U.S.-listed MTPLF, shares dropped to $10.9 and the Tokyo-listed shares dropped 5.38% closing at 1,547 JPY. MTPLF price chart — TradingView Despite the dip, institutional investors are showing strong interest. Citigroup and Capital Group have reportedly bought 3 million shares of Metaplanet this month. Analysts see this as a sign of growing confidence in bitcoin-focused corporate strategies. Some analysts are worried about the premium in Metaplanet’s stock and say it’s pricing bitcoin at $596,000 to $759,000 per coin—way above current market prices. This has sparked debate about sustainability and stock dilution but also shows investors want bitcoin exposure through equities. Metaplanet is part of a growing trend of public companies adding bitcoin to their treasuries. Over 240 public companies now hold over 832,000 BTC combined, according to BitcoinTreasuries. Companies like Cardone Capital, Nakamoto Holdings and CleanSpark are also increasing their bitcoin reserves.

Metaplanet Overtakes Tesla as 7th Largest Corporate Holder of Bitcoin

Japanese investment firm Metaplanet has officially surpassed Elon Musk’s Tesla to become one of the largest corporate holders of bitcoin in the world. With a recent purchase of 1,234 BTC, the company now holds 12,345 BTC worth around $1.33 billion. This big move puts the Tokyo-listed company ahead of Tesla’s 11,509 BTC and makes it the 7th largest corporate bitcoin holder globally. The latest purchase cost Metaplanet around $132.7 million, made at an average price of $107,557 per bitcoin. The company has spent around $1.2 billion in total to buy 12,345 BTC, averaging a cost basis of $97,036 per coin. Metaplanet CEO Simon Gerovich announced the company now holds 12,345 BTC and reiterated its commitment to a bitcoin-focused strategy for long-term shareholder value. In just 2 weeks the Japanese firm has moved from 10th to 7th place among all corporate bitcoin holders, surpassing big companies like Coinbase, Block Inc. and Hut 8. Metaplanet, originally a budget hotel company, has transformed into a bitcoin-treasury-focused investment firm. Its strategy is inspired by Michael Saylor’s Strategy, the largest corporate bitcoin holder with over 590,000 BTC. Unlike Strategy, Metaplanet has chosen a more conservative approach by not using debt to buy bitcoin. Instead, it raised funds through equity sales. Just a day before the latest bitcoin purchase the company completed a ¥74.9 billion (around $515 million) equity raise, issuing 54 million new shares backed by institutional investors like EVO FUND. This is the largest single-day equity-based bitcoin treasury event ever recorded. Metaplanet isn’t stopping at 12,345 BTC. It has set ambitious targets: to buy 30,000 BTC by the end of 2025, 100,000 by 2026 and 210,000 by 2027. These are part of what the company calls its “555 Million Plan” which involves raising up to $5 billion to buy more bitcoin. The company has already made 2 big purchases—1,111 BTC a few days ago and 1,234 BTC yesterday—and has increased its bitcoin holdings by nearly 10x since January. Metaplanet bitcoin purchase history — BitcoinTreasuries The bitcoin buying has had mixed effects on Metaplanet’s stock. After a 25% drop from its recent high of 1,900 JPY, the company’s stock has stabilized at around 1,560 JPY. Some see the dip as a buying opportunity. Gerovich said he believes trading volume is the “lifeblood” of a bitcoin treasury firm, pointing out Metaplanet’s $840 million daily trading volume. Trading volume of different companies — Simon Gerovich on X Despite the growth, the company has attracted the attention of hedge funds, some of which have shorted the stock due to concerns over shareholder dilution from the rapid equity issuance. But Metaplanet’s decision to not use debt is seen by others as a protection against long-term financial risk. Metaplanet’s big bet is happening during a broader bitcoin boom. Bitcoin prices are up to $107,000, 1.5% in the day and 74% since late June 2024. Analysts point to geopolitical stability and the Fed not raising rates as the reason for the market confidence.

Bakkt Files $1 Billion Shelf Registration to Back Bitcoin Strategy

Digital asset platform Bakkt Holdings Inc. has filed a shelf registration with the U.S. Securities and Exchange Commission (SEC) to raise up to $1 billion. The company says the funds could be used to support a new bitcoin and digital asset investment strategy, a big change for the company. Bakkt, which is publicly traded and backed by Intercontinental Exchange (ICE)—the parent company of the New York Stock Exchange—said it may sell a mix of common stock, preferred shares, debt instruments and warrants. The money raised could be used for general corporate purposes or to buy bitcoin for its corporate treasury. “We may acquire Bitcoin or other digital assets using excess cash, proceeds from future equity or debt financings, or other capital sources,” the company said in its SEC filing. The shelf registration, filed June 26, allows Bakkt to offer these securities at any time, as needed. This gives the company the flexibility to raise funds quickly without having to file new paperwork each time it wants to sell securities. This follows a big decision by the company’s Board of Directors on June 10 when it approved an updated investment policy. The new policy allows the company to include bitcoin and other digital assets as part of its broader treasury and corporate strategy. Bakkt updated its investment policy Although Bakkt has not yet purchased any bitcoin, the company says it’s preparing for the right moment. The company said when and how much digital assets it buys will be based on market conditions, how the capital markets respond, the company’s financial performance, and other strategic priorities. Founded in 2018, Bakkt initially offered physically-settled bitcoin futures. Over the years, it also tried tokenized loyalty rewards and digital asset custody services, but those efforts have not gained much traction. Now the company is positioning itself as a “pure-play crypto infrastructure company” with international expansion and digital treasury management in its sights. “This initiative is intended to support Bakkt’s transformation into a pure-play crypto infrastructure company,” said Akshay Naheta, Co-CEO of Bakkt. “We believe this multi-pronged approach reflects our conviction in the future of digital assets and our vision for Bakkt’s expansion internationally and as a leader in the world of programmable money.” The company’s leadership also mentioned emerging global opportunities, particularly in Asia where countries like Singapore and Hong Kong have more regulatory clarity and liquidity in the digital asset space. “Bakkt’s jurisdiction-flexible strategy is well-positioned to succeed in Asia,” said Charmaine Tam of Hex Trust. He noted markets like Hong Kong and Singapore have clear regulations, deep liquidity and mature financial systems, perfect for the firm’s institutional digital asset play. Despite its big plans, Bakkt is still struggling financially. The company admitted in the filing that it has a “limited operating history” and a “history of operating losses.” It also lost some big clients recently, including Bank of America and Webull, who declined to renew their contracts. This has raised questions about the company’s long-term viability.

US-Listed Bitcoin ETFs Now Hold Over 6% of Total BTC Supply

Bitcoin is making waves on Wall Street as institutional investors increase their exposure through exchange-traded funds (ETFs). Recent data shows that spot Bitcoin ETFs now hold over 1.24 million BTC, which is about 6% of the total circulating supply. This is a big deal for Bitcoin’s integration with traditional finance. Bitcoin ETFs’ holdings — WalletPilot ETF giants like BlackRock, Fidelity and others are still buying bitcoin despite global tensions, high interest rates and market uncertainty. These holdings have been growing since the launch of spot Bitcoin ETFs in early 2024 and reflect the growing institutional demand for the scarce digital asset. Even during recent geopolitical turmoil, Bitcoin ETFs didn’t flinch. Over the last two weeks, as tensions escalated in the Middle East, ETFs had 10 straight days of inflows, according to Farside Investors. Bitcoin ETFs’ flows in June 2025 — Farside Investors “Institutional demand for Bitcoin doesn’t flinch easily,” said Ecoinometrics on social media platform X. “The streak is still intact and that sets the stage for Bitcoin’s upside potential to play out.” Bitcoin ETFs didn’t break during global stress. That’s a change in investor behavior. As Dragonfly data analyst Hildebert Moulie pointed out, ETF investors are no longer just speculating — they are allocating long-term. That means institutional investors now view bitcoin as a core portfolio asset. Reports from CryptoQuant and other analysts show that the average purchase price for most ETF-held bitcoin is around $73,000, excluding Grayscale’s GBTC fund. They believe that’s the current key psychological and technical support level. That’s important because many institutional investors are conservative. They typically aim for 40-50% profits before they sell. Given bitcoin is trading between $105,000 and $107,000, many ETF investors are getting close to that profit window. But analysts say they are not in a rush to exit. The Market Value to Realized Value (MVRV) ratio — a metric to measure profitability — is at 1.43 for ETF holdings. That’s well below the historical peak of 3.7 which was seen before previous big sell-offs. So there’s still room to grow before institutions feel pressure to take profits. BlackRock still leads the ETF market with 695,829 BTC under management, controlling over 52% of all ETF-held bitcoin. Fidelity and other firms are also adding to the growing pool of BTC held in these regulated products. With only 21 million BTC ever to exist and over 1.23 million BTC locked away in ETFs, supply is getting tight. If demand keeps rising this could lead to a supply shock. The bitcoin in ETFs is essentially locked away, not available for trading on exchanges unless there are large outflows. That’s what makes this such a big structural shift. Even with rising geopolitical risks and market volatility, ETF investors are calm. As Bloomberg’s ETF expert Eric Balchunas said back in April, these holders have “stronger hands than most think”. He credits them for absorbing sell pressure from short-term holders and even from large liquidations like the FTX collapse. Eric Balchunas on X

IOTA price signals demand near $0.17 amid latest gains

  • IOTA is trading above $0.16, poised above the key level and likely to continue higher.
  • However, the token remains within a broader descending triangle.
  • A break above $0.17 will signal further gains, but a dip will bring $0.14 into play.
The IOTA token’s price has surged by about 8% in the past 24 hours to break above the $0.16 level amid fresh bullish momentum across the crypto market. Per CoinMarketCap, IOTA’s daily trading volume has spiked by 55% to over $17.3 million, signalling potential demand for the token. Significantly, this upward movement aligns with a broader rally across the altcoin market, which could mean a new leg up for the IOTA price. IOTA bulls mirror top altcoins As noted, the cryptocurrency market has witnessed a notable altcoin rally, and IOTA is among the top performers. Over the past 24 hours, IOTA’s price has climbed to around $0.17, rising to levels seen on June 17, 2025. IOTA’s 8% gain nonetheless outperformed most of the top 10 altcoins, signalling strong market confidence in its near-term potential. In comparison, leading altcoins have posted between 4% and 8% in 24-hour gains. Ethereum rose 6% to trade near $2,600 on Wednesday, while Solana (SOL) gained 4% to reach $156. XRP also advanced 4%, climbing to $2.28. Dogecoin was up 8% at $0.17, and Cardano rose 8.5%, trading above $0.60. Sui was among the top performers with a spike of over 11%. Gains for IOTA come amid the blockchain platform’s introduction of the toolkit IOTA Notarization. This toolkit leverages the IOTA network’s Rebased upgrade, reducing transaction fees to 0.005 IOTA and enabling scalable, tamper-proof data recording. It contrasts with traditional blockchain notarization, which sees costs of $0.05-$1.00 per record. “IOTA Notarization is not here to replace your current databases or cloud tools. Those are still essential for internal operations and privacy,” said Lautaro Giambroni, product engineer at IOTA. “What we offer is a public, verifiable layer of trust when data needs to be shared across companies or regulators,” he added. IOTA price forecast IOTA’s price has broken above the $0.16 level and is now testing resistance near $0.17. This move positions the token above a key support zone, with market participants eyeing further upside. A decisive break above $0.17 could confirm a bullish trend reversal, potentially targeting $0.20 or higher. However, IOTA remains within a broader descending wedge pattern on higher time frames. IOTA price chart by TradingView The weekly chart has the Relative Strength Index (RSI) currently approaching neutral territory, sitting at around 44, which indicates likely buying momentum. However, the Moving Average Convergence Divergence (MACD) shows a recent bearish crossover, with the MACD line moving below the signal line to suggest continued downside pressure. The descending triangle pattern implies that a failure to break $0.17 could see IOTA retest lower support near $0.14. On the flipside, upside price action could bring $0.22 and $0.31 into the bulls’ view. The post IOTA price signals demand near $0.17 amid latest gains appeared first on CoinJournal.

Dogwifhat up 20% in 7 days as Solana meme coin regains momentum

  • Dogwihat’s all-time high of $4.85 was hit in March 2024.
  • 2025 price forecasts range from $1.17 to $3.65.
  • Solana ecosystem interest helps boost WIF’s appeal.
Dogwifhat (WIF), a meme coin operating on the Solana blockchain, is regaining traction after a seven-day rally that pushed its price up by more than 20%. Currently trading at $0.92322, WIF has seen renewed interest from retail traders and meme coin enthusiasts, helping it reach a market capitalisation of $931.21 million. The token now ranks 75th among all cryptocurrencies by market cap. Source: CoinMarketCap The gains follow a relatively quiet period after WIF hit its all-time high of $4.85 on 31 March 2024. The coin’s lowest recorded price was $0.00002344, in November 21, 2023. With this recent surge, WIF is once again being discussed as a possible contender for further upside if the anticipated altcoin season materialises later this year. Market data shows rising investor confidence WIF’s current circulating supply is 998.84 million tokens, with a trading volume of $729.81 million. These figures suggest high liquidity and increasing trading interest in the asset. The price movement has occurred in tandem with a broader rally in Solana-based assets, many of which have benefited from growing interest in the Solana ecosystem as a faster, cheaper alternative to Ethereum for hosting tokens and dApps. The surge has sparked renewed debate in the cryptocurrency space about whether meme coins, particularly those backed by active communities and high trading volumes, can hold long-term value or are simply speculative assets. While Dogwifhat lacks utility-based features seen in some DeFi or Layer 2 tokens, its recent growth underscores the continued demand for meme coins. Forecasts vary between $1.17 and $3.65 for 2025 According to projections, Dogwifhat could reach an annual high of $3.65 in 2025, if bullish sentiment in the crypto market continues and regulatory risks remain low. On the downside, analysts suggest that the token could fall to $1.17 under adverse conditions, such as a market correction or the introduction of stricter crypto regulations. The expected average price for WIF in 2025 is around $2.41, although this remains speculative and highly dependent on broader market trends, sentiment, and the performance of other Solana-based assets. Much of the optimism is tied to the potential for another altcoin season, during which meme coins tend to outperform, particularly in high-liquidity trading environments. Community-driven tokens continue to influence the market Dogwifhat’s market performance highlights the growing role of community-driven tokens in shaping cryptocurrency price movements. Meme coins like WIF often gain momentum based on social media attention, trading volume surges, and listing on popular exchanges. Their volatility, while high, is increasingly being seen as a feature rather than a bug by retail traders who prefer high-risk, high-reward opportunities. The rise of Dogwifhat also reflects the influence of the Solana ecosystem, which has seen increased adoption due to its low transaction fees and high throughput. WIF’s gains parallel a broader trend of Solana-based tokens outperforming the market during short-term rallies, often fueled by speculative enthusiasm and the network’s growing developer community. The post Dogwifhat up 20% in 7 days as Solana meme coin regains momentum appeared first on CoinJournal.