Key Takeaways Altura has initiated the shutdown of its USDT stablecoin vault following more than $8.5 million in redemptions within a 24-hour period The vault’s total value locked had reached $39 million on HyperEVM prior to the mass withdrawal event Main Street’s msUSD stablecoin plummeted more than 70% from its peg following Accountable’s termination of verification services While Altura utilized Accountable as a verification partner, it maintained no direct financial ties to msUSD Altura’s CEO Ranveer Arora attributed the withdrawal spike to market panic and false information spreading online The weekend of June 20-21 witnessed Main Street’s msUSD stablecoin plunge by over 70% from its dollar peg. The dramatic collapse followed Accountable’s sudden decision to terminate its proof-of-solvency services, citing Main Street’s failure to satisfy its verification requirements.
NEWS: Altura winds down its stablecoin vault after unprecedented levels of withdrawal requests.
CEO Ranveer Arora cited unfounded narratives that fueled market fear and withdrawal pressure. pic.twitter.com/cAO8YR2Ur1
— CoinGecko (@coingecko) June 22, 2026
Accountable functions as a third-party verification mechanism that validates whether a protocol’s asset reserves align with its outstanding obligations. Its withdrawal triggered an immediate loss of investor confidence across connected platforms.
Altura had contracted with Accountable for the same verification services. Despite maintaining no financial exposure to msUSD or any of Main Street’s investment strategies, depositors rushed to withdraw funds without seeking clarification.
22% of Total Value Locked Vanished in 24 Hours Within a single day, depositors pulled more than $8.5 million in USDT from Altura’s vault. This represented approximately 22% of the platform’s total locked value disappearing virtually overnight.
The vault operated on the ERC-4626 standard architecture. Depositors contributed USDT in exchange for proportional vault shares. Altura then allocated these assets across various strategies including funding-rate arbitrage operations, market-making activities, and real-world asset investments.
Withdrawal mechanisms offered depositors flexibility. They could choose immediate redemption with a 0.1% processing fee, or opt for epoch-based withdrawals without any charges.
On June 21, CEO Ranveer Arora announced via X that Altura would begin shutting down the vault. He emphasized that this proactive measure aimed to safeguard depositor assets and facilitate orderly redemptions, preventing a full-scale bank run situation.
“Our priority remains the protection of user capital and ensuring all redemptions are completed in a fair, transparent, and efficient manner,” Arora wrote.
CEO Challenges Spread of False Information Arora voiced his disappointment regarding what he characterized as baseless rumors fueling user panic. He maintained that Altura has consistently prioritized transparency in its operations, and that the withdrawal surge resulted from speculation rather than substantiated concerns.
Prior to Arora’s personal statement, Altura’s official channels had already released a clarification confirming the protocol held zero direct exposure to Main Street or its msUSD stablecoin.
“Our HyperEVM lending vault, the associated USDT/AVLT market, and borrowers utilizing our Ethereum vault remain unaffected,” the protocol stated.
Altura notified all counterparties and business partners about the shutdown decision. The platform commenced liquidating positions across centralized exchanges, private credit arrangements, and real-world asset portfolios. According to company communications, certain positions may require extended timeframes for complete redemption.
Altura’s remaining product offerings, including its HyperEVM lending facility and Ethereum vault, continue functioning without disruption and were excluded from the wind-down process.
The Accountable incident highlighted a critical infrastructure weakness. Platforms depending on a single external entity for solvency attestation face concentrated risk exposure that can spark depositor panic even when their financial position remains fundamentally secure.
DeFi yield platform Altura has announced an orderly wind-down of its vault operations. This comes after experiencing a surge in withdrawals triggered by growing market panic following the recent Mainstreet (MSY) depeg.
The move comes even though Altura insists it had no direct exposure to Mainstreet or any of its investment strategies.
Mainstreet Depeg Sparks FearThe panic started after Mainstreet’s msUSD stablecoin depegged. This event shook the DeFi market and triggered withdrawals across several protocols, including Altura. However, Altura said it had no exposure to Mainstreet and confirmed its vaults and markets (HyperEVM lending vault, Alpha USDT Prime, and USDT/AVLT) were unaffected.
Still, fear spread quickly, and withdrawals spiked. Altura processed over $5M in 24 hours. CEO Ranveer Arora later confirmed that total redemptions had crossed 8.5M USDT.
Dear Users,
Over the past 24 hours, we have experienced an unprecedented level of withdrawal requests and have successfully processed more than 8.5 million USDT in instant redemptions.
Given the sustained withdrawal demand and current market sentiment, we have made the…
— Ranveer (@ranveerar89) June 21, 2026 Altura Starts Unwinding PositionsFaced with continued withdrawal pressure and negative market sentiment, Altura decided to begin winding down its vault. The company made this decision in an effort to protect user capital.
We recently became aware of the depeg event affecting Mainstreet (MSY).
As Altura, we have never had any exposure to Mainstreet or any of its underlying investment strategies.
Our HyperEVM lending vault (Alpha USDT Prime), the associated USDT/AVLT market, and borrowers…
— Altura (@alturax) June 21, 2026 “Our priority remains the protection of user capital and ensuring all redemptions are completed in a fair, transparent, and efficient manner,” Arora said.
The company has already notified partners and counterparties. In addition, it has started unwinding positions held across exchanges, private credit opportunities, and real-world asset (RWA) strategies.
According to Arora, some positions can be redeemed immediately, while others require standard settlement periods. Capital will be returned to users as underlying investments are redeemed.
No Hack, But Liquidity Is TightAltura stressed that this is not a hack or insolvency event. Meanwhile, DefiLlama data shows that Altura currently manages approximately $32.36 million in total value locked on Hyperliquid L1. Its tracked yield pool offers an average APY of around 17.5%.
However, part of those assets is allocated to private credit and RWA investments. This allocation makes them difficult to liquidate quickly during periods of heavy withdrawals.
As a precaution, Altura has advised users to unwind borrow or looping positions involving the AVLT/USDC ETH market. Users are advised to take this action until conditions stabilize.
The protocol’s AVLT token has also come under pressure, falling from $1.08 to around $0.93 over the past week. For now, Altura says it will continue providing updates as redemptions progress and additional liquidity becomes available.
Community Reaction
On the other hand, One crypto user raised concerns about Altura’s legitimacy, questioning its claimed RWA strategy and its relationship with Inessa Holdings. The user reported several red flags, including Inessa Holdings’ limited online history and a recently registered website. The user cited lack of office addresses, similarities between the Altura and Inessa domains, and doubts about how the firm generates 20%+ APY. Additionally, the user claims of incorrect public data and Altura’s stated strategies warning other users to reduce exposure to AVLT-related products.
Story Ends Here
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The Infinity Vault of Altura was shut down due to the withdrawal of funds by investors worth around $8.5 million. The total amount of assets left in the vault before deciding to close down the operation stood at around $3.9 million. The Altura Web3 gaming platform intends to shut down its Infinity Vault due to huge investor withdrawals. Investors withdrew approximately $8.5 million from the vault in a single day. With the fast flow of money, the total amount of money left in the vault was about $3.9 million. After the withdrawals had taken place, Altura announced that it would stop production. And start the process of refunding the leftover amounts to the participants. Reports indicated that declining participation rates prompted Altura to reassess the vault’s viability and ultimately wind down the product. Altura also stated that participants can continue withdrawing their funds until the closure process is complete.
Dear Users,
Over the past 24 hours, we have experienced an unprecedented level of withdrawal requests and have successfully processed more than 8.5 million USDT in instant redemptions.
Given the sustained withdrawal demand and current market sentiment, we have made the…
— Ranveer (@ranveerar89) June 21, 2026 Market Situation Continues Pressure on Crypto Yield Products The closure comes as many crypto projects continue to face challenges in relation to market dynamics and investor demands. First, several crypto asset providers have experienced decreased levels of activity from their investors, who are shifting funds to other projects. Additionally, market volatility affected the operations of decentralized finance platforms, making many projects rethink the performance of their products and sustainability.
As per the market experts, large withdrawal activities could create issues for small yield products and vault investments. The difficulty that operators might experience in managing liquidity, performance, and sustainability of their products is likely to come in when there are considerable withdrawals by investors in a short span of time. The crypto market will keep an eye on the response from different platforms to the new market dynamics. With increased selectiveness among investors, many projects are focusing on liquidity, sustainability, risk management, and effective communication.
Altura Moves Beyond Infinity Vault for Ecosystem Development Despite the closure of the Infinity Vault, Altura continues to develop its broader ecosystem in blockchain-based games. Indeed, the company is still committed to developing platforms for Web3 gaming initiatives and managing the transition from the vault initiative. Altura stated that it will continue supporting its key initiatives within the ecosystem.
Moreover, it was observed that the shutdown is a reminder of the importance of proper management of liquidity and involvement of crypto investment product users. Considering the ongoing changes in the digital assets market, companies are now considering future steps in the development of their products for investors.
Posemesh announces a groundbreaking partnership with NuNet, a decentralized compute and orchestration platform. This partnership aims to develop the industry by combining advanced spatial computing technologies and decentralized infrastructures. NuNet shared this thrilling news on its official X account, sharing both firms’ common goals and dedication to driving innovation and building the future together.
Big Announcement 📣
We’re thrilled to announce a groundbreaking partnership between The @Posemesh and #NuNet! This collaboration sets new industry standards in spatial computing by combining decentralized infrastructure with cutting-edge technology.
🧠 Discover how we’re… pic.twitter.com/SxFVTs88zH
— NuNet 🌐 (@nunet_global) August 30, 2024 New technologies emerge in the industry periodically, pushing the need for low-latency, secure, and scalable computing solutions. The Posemesh and NuNet partnership will address these challenges by leveraging their capabilities. Posemesh specializes in machine vision and spatial computing, while NuNet offers a cost-effective distributed computer infrastructure considering the number of servers in use.
Creative Approach of Posemesh to Real-Time Tasks Posemesh has several types of servers used to attain individual objectives in spatial computing and relay servers that enable instant near-inter-device communication. Domain servers are responsible for rendering 3D spatial maps and handling large visual & positional data. Relay servers provided on the cloud demand for Posemesh services to improve capabilities as it reduces response time and optimizes hardware resources going into the service delivery.
NuNet’s Role in Optimizing Spatial Computing NuNet’s decentralized structure provides a great advantage in securing and scaling Posemesh’s operations. The platform will assist in automating processes such as secure data replication and operational resilience, lessening the burden and complexity on the compute providers and enhancing data security. This will encourage more usage of decentralized physical infrastructure networks (DePins).
This partnership between Posemesh and NuNet is more than a technical agreement; it contributes to the decentralized ecosystem by yielding advantages to both parties. On the one hand, Posemesh simplifies the deployment and management of servers for its users, while NuNet penetrates an area of spatial computing. The partnership is expected to bring in new developers and computation providers, increasing the DePIN ecosystem’s advancement.
With Posemesh and NuNet collaborating, further developments in decentralized space computing are highly anticipated. This partnership is of great significance, as combining their respective technologies, the two companies aim to strain the limits of the impossible and develop a safe, scalable, and efficient digital landscape for the world.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
NuNet, a decentralized peer-to-peer network for sharing computing power, has announced the launch of Cardano-based payments.
NuNet made the announcement following a successful demonstration of decentralized compute payments on the Cardano blockchain. The event confirms real-world functionality rather than a conceptual roadmap, signaling readiness for broader adoption.
Key Points NuNet has launched Cardano-based payments for its decentralized peer-to-peer compute network. This support follows the release of Device Management Service (DMS) v0.9.0, which expands contract settlement beyond Ethereum. The system allows seamless switching between Ethereum and Cardano within a single payment flow. While Cardano payments are now live, the network’s native NTX token will continue to drive coordination and orchestration. Adding Cardano support represents a key milestone ahead of NuNet’s mainnet launch, scheduled for early March. NuNet Expands Contract Payments Beyond Ethereum NuNet positioned itself as a multi-blockchain decentralized compute marketplace but relied primarily on Ethereum for settlement, in line with broader Web3 standards. However, earlier this month, the project reached a key milestone with the release of Device Management Service (DMS) v0.9.0.
With this update, NuNet added Cardano support to its payment system, extending settlement beyond Ethereum and strengthening its multi-chain architecture. As a result, users can now deploy compute jobs and pay directly with ADA, while the NTX token continues to drive network coordination and orchestration.
Moreover, the system allows seamless switching between Ethereum and Cardano, delivering a production-ready payment flow from deployment through settlement. Overall, this upgrade builds on earlier infrastructure improvements and positions NuNet for its live phase with full multi-blockchain support.
NuNet Gears Up for Mainnet Launch According to NuNet, activating Cardano payments represents a pivotal step toward its mainnet launch. The mainnet infrastructure is scheduled to go live on March 2, 2026, marking the transition from testing to a fully operational decentralized compute economy.
In a statement, the NuNet team emphasized that its infrastructure is now ready for global adoption. Following the deployment of Cardano-based payments, the project stated that it has showcased its ability to deliver seamless payments, multi-blockchain support, and real-world utility.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
NuNet, a renowned decentralized computing firm, has partnered with Serverista, an efficient VPS provider and dedicated server. The partnership attempts to offer production-scale infrastructure for NuNet’s ecosystem to make decentralized computing relatively cost-efficient, scalable, and accessible. As per NuNet’s official press release, the development significantly benefits organizations and developers. With this move, the NuNet consumers can seamlessly deploy their AI workloads, orchestration-led applications, and blockchain nodes without depending on centrally controlled providers.
NuNet × Serverista Partnership Announcement 🤝
Decentralized computing is maturing, and real-world applications require infrastructure that is reliable, affordable, and scalable.
We’re excited to announce our partnership with Serverista, integrating dedicated server and…
— NuNet 🌐 (@nunet_global) January 29, 2026 NuNet Officially Integrates Cost-Efficient Infrastructure to Drive Decentralized Compute As a part of this collaboration, NuNet is leveraging the reliable and affordable production-grade infrastructure of Serverista. This will serve as a crucial foundation for the advancement of NuNet’s vision of a completely decentralized compute economy. Conventional cloud providers like Azure, Google Cloud, and AWS impose high costs, hindering AI adoption, large-scale orchestration, and blockchain validation. Keeping this in view, Serverista offers dedicated services as well as VPS instances with nearly 10x lower charges, without any compromise on reliability or performance.
Apart from that, the integration of Serverista’s infrastructure permits companies and developers to get access to enterprise-level computing resources for scaling, deploying, and testing decentralized applications. The development also backs a combined cloud approach, letting businesses migrate hefty workloads to cost-efficient, dedicated infrastructure, alongside retaining specialized cloud solutions for analytics as well as other operations. As a result, this partnership decreases the overheads and also boosts transparency and predictability when it comes to decentralized workload pricing.
Simultaneously, Serverista’s offering aims to meet the requirements of exclusive decentralized projects. In this respect, dedicated VPS services enable efficient working of NuNet nodes while also dealing with diverse DePIN projects. Moreover, the enterprise-level dedicated services deliver significant computational power to drive wide-scale orchestration tasks, latency-sensitive applications, and high-volume data processing. At the same time, the joint effort fortifies AI and blockchain capabilities, enabling the deployment of validator nodes, indexing applications, and RPC services for builders with dependable uptime.
Making Decentralized Computing Reliable and Scalable for Enterprises and Developers According to NuNet, the collaboration leverages the platform’s Logical Orchestration Layer and Device Management Service to ensure the dynamical distribution of workloads across the infrastructure of Servista. This optimizes both the cost-effectiveness and performance. Furthermore, by merging high-quality infrastructure with decentralized orchestration, this move refines integration processes. Together, both entities are developing a decentralized computing ecosystem with reliability, accessibility, and scalability for enterprises, developers, and worldwide computing community.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Phoenix Group has issued its most recent crypto market snapshot of February 17, 2026, which lists what it refers to as the top crypto assets within the Accumulation Zone. The data show that a number of prominent altcoins are registering significant market volumes and price fluctuations over the last seven days, indicating that they are being accumulated amid a mixed performance over the short term.
The accumulation stage is often an indicator of a time when investors quietly accumulate ahead of a possible breakout. Phoenix Group observes that volumes of trading are usually high during such times than normal.
Render and Bonk Lead Weekly Gains The largest market capitalization in the group is that of Render (RENDER) at $764.5 million. In the last 7 days, RENDER showed a good rise of 10.54 percent to place it among the top performers in this accumulation basket. The upward trend of the project indicates long-term trader interest.
The next one is Bonk (BONK) with a market cap of $574.6 million and a 7.12 percent growth per week. Being a meme-based token that is highly engaged in the community, BONK remains a magnet to speculative flows. The upward trend throughout the week is indicative of rejuvenated risk-taking by some market segments.
Stacks (STX) has a market cap of $477.9 million and an increase of 3.11 percent in the same period. The medium growth means the stability in comparison to tokens with high volatility in the list.
Mixed Performance Signals Crypto Market Rotation Not every crypto asset in the accumulation zone registered gains. Decred (DCR) with a market capitalization of $413.3 million fell by 9.06 percent in the last one week. Although it declined, Phoenix Group continues to classify it as part of the accumulation stage, meaning that price weakness does not always eliminate underlying positioning action.
Story (IP), which has a valuation of $406.2 million, fell by 1.61 percent. Curve (CRV) recorded 2.00 percent growth, and it has a market capitalization of $372.6 million. One of the most impressive performances of the week was in the humanity (H), which shot up by 26.70 percent and its market capitalization stood at $352.5 million. It is such a rapid growth that indicates an increase in speculative momentum or new capital flows.
Kaia (KAIA) increased by 5.17 percent and it has a market capitalization of $341.0 million. Another meme-oriented asset, FLOKI (FLOKI) was up 6.38 percent and has a valuation of $306.2 million. The Sandbox (SAND) recorded a 0.63 percent growth and a market capital of $230.8 million.
What the Accumulation Phase Suggests Phoenix Group says that the accumulation phase is marked by the convergence of crypto asset performance and critical measures in a manner that indicates structured buying. Volumes during this period are normally high. The company attributes this movement to either algorithmic trading or to bigger investors accumulating gradually without causing sharp price movements.
Accumulation in most crypto market cycles is followed by a wider mark up period. These zones are the ones that are mostly followed by traders, as they can provide an early indication of where the capital can move the next. This does not necessarily mean that accumulation will be followed by immediate increases though. Prices may either converge or even further reduce before a breakout.
Mid-Cap Altcoins in Focus The fact that mid-cap tokens are concentrated in this list reflects a larger theme in the current crypto market environment. Instead of concentrating on large-cap leaders, it seems that traders are looking into crypto assets with expansion potential but well-established liquidity profiles. The tokens include RENDER, BONK, STX, and CRV, which merge familiar branding with medium-valuation, which may appeal to retail and institutional players.
The variety in the basket, which includes projects focused on infrastructure and meme coins and metaverses, such as SAND, means that the signs of accumulation are not limited to the one-story. Rather, capital appears to be diffusing through various fields of the crypto asset ecosystem.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
The decentralized exchange (DEX) industry had a total weekly trading volume of $59.51 billion which is the latest market snapshot provided by Phoenix Group as of February 20, 2026. The market had experienced a very steep weekly 31.87% drop in activity, in spite of the high aggregate number, an indicator of more extensive cooling of the crypto markets.
Meanwhile, DEX and CEX supremacy were at 14.63%, meaning that centralized exchanges still take control of the largest portion of trading operations. Nevertheless, decentralized platforms continue to form one of the most essential pillars of on-chain liquidity especially to DeFi-native users and token ecosystems.
Uniswap Maintains Clear Lead Across DEX Platforms Uniswap was again voted the biggest decentralized volume exchange. The platform also achieved a trading volume of $12.49 billion seven day trading and $2.10 billion 24 hour trading which is much higher than that of its rivals.
The deep liquidity pools and wide multi-chain coverage of the protocol still remain appealing to traders even when the market is slowing down. Its weekly performance contributed a considerable part to the overall DEX activity, which proves its dominance in decentralized finance.
PancakeSwap and Raydium Strengthen Multi-Chain Competition PancakeSwap was placed second with the weekly volume of $4.66 billion and the 24-hour volume of $582.36 million. The exchange is still enjoying high activity in BNB Chain and other networks supported, which keeps it relevant in both the retail and ecosystem-driven trading flows.
Raydium came in the third place with an initial balance of $2.27 billion in weekly volume and $413.10 million daily volume. With Raydium being one of the primary liquidity destinations in the Solana ecosystem, it is likely to continue acting as one of the hubs of token launches and on-chain swaps, especially with Solana-based activity stabilizing following a recent downturn.
Aerodrome, Orca, and Balancer Hold Mid-Tier Positions Aerodrome closed with $1.93 billion in weekly trading volume as well as $250.78 million in 24-hour activity. The platform is still building its presence as a liquidity engine in developing Layer-2 ecosystems.
Another DEX native to Solana, orca, had $1.63 billion weekly volume and $230.44 million within the last day. Its steady performance reflects guaranteed popularity of Solana-based decentralized trading pairs.
Balancer recorded weekly volume of $1.08 billion backed by daily trades of $211.88 million. Having a reputation of customizable liquidity pools and weighted token models, Balancer continues to have a stable institutional and DeFi-native activity even in weaker markets.
Meteora and Curve Reflect Shifting Liquidity Dynamics Meteora created a volume of 7 day trading of $1.01 billion and 24-hour volume of $134.71 million. This protocol has been popularized via dynamic liquidity solutions and focused liquidity solutions that are capital efficient.
Curve made $935 million in weekly trade and $199.02 in daily trades. Its seven-day total saw it fall short of the $1 billion mark, but its daily value shows it was being used in stablecoin and correlated-asset swaps. Curve has continued to be a backbone of DeFi liquidity, especially in stable trading pairs.
Hyperliquid Rounds Out Top DEX Rankings Hyperliquid also featured in the top rankings with the trading volume being at 828 million weekly and 90.70 million 24-hour activity. The platform has been building up its niche in decentralized perpetuals and sophisticated trading infrastructure.
Despite an overall DEX market contraction of 31.87% per week, total activity of more than $59 billion indicates the strength of the sector. The 14.63% DEX versus CEX dominance figure indicates that centralized exchanges are in the dominant position in terms of aggregate market share, but the decentralized venues remain capturing significant liquidity during the bullish and corrective cycles.
With volatility reentering the digital asset markets, liquidity does appear to be concentrated to the top platforms including Uniswap, PancakeSwap, and Raydium, which implies that traders will find comfort in established infrastructure when uncertain. The next few weeks will show whether the trading volumes will stabilize or further decline.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
Phoenix Group has published its most recent crypto market snapshot, which shows the digital assets that are in the accumulation stage as of February 23, 2026. The report lists ten tokens with sustained accumulations in both trading and positioning, which argues that investors are quietly building up exposure. The data show that crypto assets in various industries, such as DeFi, metaverse, infrastructure, and payments, are undergoing significant accumulation periods of between three days and thirty days.
The accumulation phase as identified in the report is characterized by a period of above normal trading volumes which is usually systematic positioning by larger market participants or algorithm trading systems. Although price volatility could be mild at this phase, on-chain indicators and liquidity flows can indicate underlying demand.
Short-Term Accumulation: Orca and GoPlus Lead Early Moves Orca (ORCA) has one of the shortest accumulation periods, with a market capitalization of $58.6 million today and three days of accumulation traced. Decentralized exchange protocol Orca seems to be experiencing a resurgence of interest following a comparatively silent period.
GoPlus (GPS) ranks second with a market capitalization of $57.2 million and an accumulation period of twelve days. The Web3 infrastructure project with security in mind has been gaining momentum steadily, implying that traders might be preparing for the possible developments in the ecosystem.
Mid-Cap Crypto Assets: Zilliqa, Somnia, and Fluid Zilliqa (ZIL) has an accumulation period of seventeen days, which is backed by a market capitalization of $82.1 million. Being a scalable, enterprise-oriented layer-1 blockchain, Zilliqa has a long build, so it is unlikely that the interest of investors will fade into a short-lived speculative peak.
Somnia (SOMI) is worth $31.8 million and has accumulated over eighteen days. Somnia, with a small market capitalization relative to Zilliqa, has just under three weeks to build, thus suggesting constant positioning.
The best performer in this segment is fluid (FLUID) with a market capitalization of $157.0 million and an accumulation of twenty-three days. Its greater valuation and the extended period of build might indicate institutional or high-volume trader participation.
Extended Accumulation: Boundless, Kaia, and Infinit Boundless (ZKC) is on its twenty-five-day accumulation mark, but it has a relatively small market capitalization of $19.8 million. In lower-cap tokens, the accumulation breaks out as a sharp movement of the token.
Kaia (KAIA) leads the list in market capitalization of $318.0 million, and has maintained twenty-seven days of accumulation. Its valuation position is close to the upper end of the spectrum, indicating that there might be substantial capital flowing into the crypto asset.
Infinit (IN) with its twenty-seven days of accumulation has a market cap of $19.2 million dollars. Although its size is smaller, the corresponding time period with Kaia includes constant involvement instead of the occasional bursts.
Thirty-Day Leaders: The Sandbox and Alchemy Pay Sandbox (SAND) and Alchemy Pay (ACH) lead in the rank of duration, with a record of thirty days in growth. The metaverse-oriented platform, the Sandbox, has a large market capitalization in the form of a substantial 212.7 million dollars. An entire month of accumulation usually represents systematic positioning as opposed to a short-term purchase.
Alchemy Pay has a $72.3 million market cap, which reveals month long accumulation period as well. Being a crypto-fiat payment gateway provider, its prolonged build may indicate a new revival of payment infrastructure stories.
Crypto Market Implications of the Accumulation Trend The variety of assets on the list of Phoenix Group demonstrates a mixed activity in the digital asset market. Ranging from the decentralized exchange, the likes of Orca, to the infrastructure projects such as Zilliqa, metaverse exposure via The Sandbox, payment solutions like Alchemy Pay, and the new tokens such as Boundless and Infinit, it seems to cut across a variety of verticals.
The coming weeks will decide whether these assets will turn quiet positioning into general market rallies with accumulation periods of between three days and thirty days. At this point, the recent statistics of Phoenix Group indicate that strategic capital management remains under the radar of the crypto market.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
Major developments unfolded in Abu Dhabi (UAE capital) and Doha on March 4th. Abu Dhabi hosts headquarters for several leading AI and cryptocurrency institutions, including AI R&D/cloud computing giant G42, AI asset management firm MGX, the Middle East’s largest Web3/Bitcoin mining company Phoenix Group, ADGM, and Hub71.
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According to PeckShield’s monitoring, an address identified as the KyberSwap attacker has once again transferred 2,000 ETH to Tornado Cash. Over the past two years, this attacker has cumulatively transferred and mixed 16,100 ETH via Tornado Cash, equivalent to roughly $40 million at current prices, accounting for over 80% of the $48.8 million lost in the KyberSwap attack in November 2023. Some of the stolen funds have not yet been fully transferred.
13 minutes ago
James Wynn closed out his 40x Bitcoin short position, netting $30,000 in profits, and shifted to opening a 50x S&P 500 short position.
According to monitoring by OnchainLens, James Wynn has liquidated his 40x leveraged Bitcoin (BTC) short position, pocketing roughly $30,000 in profit. He subsequently opened a new 50x leveraged S&P 500 (SP500) short position at a price of 334.42, betting on a future decline in the US stock market.
Several cryptocurrencies have seen a surge in market attention this week, as recent data highlights a shift in investor sentiment despite geopolitical challenges in the Middle East. Information shared by the analytics platform Phoenix Group emphasized that certain digital assets have become increasingly prominent on major exchanges such as Binance, as broader macroeconomic instability drives both caution and opportunity among traders.
Market volatility follows regional conflict impactThe current conflict in the Middle East, particularly disruptions in the Strait of Hormuz, has injected new volatility into global markets. This development has also rippled into the cryptocurrency space, leading to heightened swings in crypto valuations and increased trading volumes as investors respond to uncertainty in oil flows and logistics.
With uncertainty affecting traditional assets, digital currencies are being closely watched for clues on changing investor strategies. Binance, consistently ranked as the world’s largest cryptocurrency exchange by volume, has become a focal point for the shifting dynamics, as traders gravitate towards trending coins exhibiting significant movement or perceived potential.
Phoenix Group, known for its blockchain research and real-time analytics, tracked emerging trends by monitoring both price action and capital flows. The group’s analysis has spotlighted several coins standing out for notable activity, including sudden surges in demand, new token launches, and heightened social media presence.
As a result, the roster of leading coins this week has reflected both established tokens and newer entrants, shaping the discourse in trading communities and fueling speculation about possible continued outperformance.
Trending crypto assets and key developmentsMonad (MON) was identified as the most actively discussed and traded token this week, registering a price increase of 26.9%. This activity signals growing interest in Monad’s decentralized network, supported by significant inflows from both individual and institutional participants.
Pippin (PIPPIN), an AI-powered meme coin built on Solana, ranked second in trading popularity. Despite its price falling 26.8% over the week, increased accumulation by retail and more experienced investors suggests a strategy of buying during price dips, indicative of optimism about future growth.
Hyperliquid (HYPE) also made the top trending list, entering what analysts describe as an accumulation phase. With a current price of $35.79 and recent declines of just over 10%, the coin is drawing buyers anticipating a potential recovery, resulting in steady silent trading activity.
EdgeX (EDGE), a decentralized exchange focusing on perpetual futures and spot trading, has observed renewed buying interest after its native token’s launch on April 3. As a new entrant, EdgeX has rapidly captured user attention, propelling it among the top performers on Binance in its first days of trading.
Puffer Finance (PUFFER), known for its liquid restaking approach, rounded out the top five. A 42.7% weekly price increase highlights a substantial uptick in institutional interest and accumulation by large holders, underpinning what some see as the start of a longer-term upward trend.
Completing the group of highlighted assets are StakeStone (STO), Pi Network (PI), Sui (SUI), Berachain (BERA), and Core (CORE), each exhibiting robust market activity according to Phoenix Group’s observations.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
PANews reported on April 14 that Livio Weng, CEO of Newfire Group, recently gave an exclusive interview to Phoenix TV, offering his insights on the issuance of stablecoin licenses in Hong Kong and the industry's development. He stated that the regulatory move is prudent and reasonable, avoiding the "sprinkling pepper" effect caused by resource dispersion and significantly improving the certainty of compliant project development. At the same time, the Hong Kong dollar stablecoin sector urgently needs to seize this opportunity to achieve a leapfrog development.
Livio Weng stated that the success of stablecoins relies on large-scale application and a complete ecosystem collaboration. Too many licenses can easily lead to resource fragmentation and inefficient "pepper-sprinkling" competition, which in turn hinders the overall development of the industry. As a leading digital asset service company in Hong Kong, Newfire Group has seen significant customer growth in the past six months, with a considerable number of clients expressing demand for stablecoins. Therefore, we also plan to establish a stablecoin trading and asset management business in the next six months.
In addition, Livio revealed in the interview that AI Agent will be a key force driving the large-scale application of stablecoins for a long period of time.
On May 5, Jito Labs—the Solana ecosystem’s staking protocol—announced plans to launch JTX, a consumer-focused crypto trading app, in July this year. This marks its official shift from the infrastructure layer to front-end transaction services. Early versions of JTX will support Solana-based spot trading, with plans to later integrate perpetual contracts and prediction market functionality. Access to the perpetual products may be facilitated via Phoenix, a trading platform within the Solana ecosystem. Founded in 2021, Jito currently has approximately 39 employees and holds over $1 billion in cash. The company delivered strong performance in 2025, once generating nearly $6 million in revenue in a single week amid popular on-chain transactions on Solana (such as the meme coin craze). Last year, it secured a $50 million investment from Andreessen Horowitz’s crypto fund. Jito CEO Lucas Bruder stated the firm is no longer content with merely providing underlying infrastructure. Instead, it aims to directly reach users through in-house developed apps to enhance the on-chain transaction experience.
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Vice President of Strive: Strategy's STRC Has Essential Differences from the Luna/UST Model
Strive Vice President Joe Burnett wrote in an article that prior to the TerraUSD collapse, roughly $18.7 billion in UST was in circulation, backed by just $3.1 billion in Bitcoin reserves, and UST allowed immediate redemptions. Currently, Strategy holds around $51.5 billion in Bitcoin, corresponding to a circulating STRC supply of approximately $10.5 billion, while STRC is not an immediately redeemable asset. He stressed that the two differ significantly in collateral structure, asset coverage ratio, and redemption mechanism, noting "they are clearly completely different models."
13 minutes ago
trade.xyz launches contract trading for Japanese storage stock Kioxia (KOXIA)
According to official announcements, trade.xyz has launched contract trading for Japanese storage stock Kioxia (KOXIA), supporting up to 10x leverage. The Kioxia (KIOXIA) product tracks the value of each common share of Kioxia Holdings Corporation, listed on the Tokyo Stock Exchange (stock code: 285A). Its price conversion mechanism converts the underlying Japanese stock price from yen to U.S. dollars based on the current USD/JPY exchange rate. Kioxia manufactures NAND flash memory and solid-state drives (SSDs) for use in data centers, consumer electronics, mobile devices, and enterprise storage.
13 minutes ago
Japanese storage chip manufacturer Kioxia's share price rose more than 12%
According to Bitget market data, the share price of Japanese storage chip manufacturer Kioxia Holdings (铠侠) surged by 12%.
13 minutes ago
Coinbase secures Luxembourg’s MiCA license, to base its EU operations in Luxembourg.
According to an official announcement, Luxembourg has officially become Coinbase’s registered MiCA Home under the EU’s Markets in Crypto-Assets (MiCA) framework. Moving forward, Coinbase will use Luxembourg as its EU business hub to provide compliant crypto asset services for users across EU member states.
13 minutes ago
The KyberSwap attacker has transferred another 2000 ETH to Tornado Cash, with over 80% of the stolen funds now laundered.
According to PeckShield’s monitoring, an address identified as the KyberSwap attacker has once again transferred 2,000 ETH to Tornado Cash. Over the past two years, this attacker has cumulatively transferred and mixed 16,100 ETH via Tornado Cash, equivalent to roughly $40 million at current prices, accounting for over 80% of the $48.8 million lost in the KyberSwap attack in November 2023. Some of the stolen funds have not yet been fully transferred.
13 minutes ago
James Wynn closed out his 40x Bitcoin short position, netting $30,000 in profits, and shifted to opening a 50x S&P 500 short position.
According to monitoring by OnchainLens, James Wynn has liquidated his 40x leveraged Bitcoin (BTC) short position, pocketing roughly $30,000 in profit. He subsequently opened a new 50x leveraged S&P 500 (SP500) short position at a price of 334.42, betting on a future decline in the US stock market.
PANews reported on May 13 that U.S. Treasury Secretary Bessenter's plane arrived in Beijing before U.S. President Trump. According to Phoenix TV reporter Ji Hongying's on-site report, Bessenter departed for China after concluding U.S.-China trade talks in South Korea, arriving in Beijing ahead of President Trump. His C-40 aircraft appeared at Beijing Capital International Airport at around 5 p.m. on May 13.
Solana’s budding perpetual futures race is generating more tweets than trades, with community members and builders airing their frustrations over perceived favoritism towards Phoenix Trade.
Critics argue that ecosystem leaders like Solana Labs co-founder Anatoly Yakovenko are over-promoting venues like Phoenix. Meanwhile, supporters claim that “all teams don’t deserve attention from the Foundation”, and resources should go towards teams that help the Solana Layer-1 succeed.
Perhaps buoyed by the open discussion of the virtues and flaws of its protocol, Phoenix Trade recorded a new all-time high in daily volume, signalling a steady growth trajectory since the launch of its private beta.
Solana Leaders Under Fire for Promoting Ecosystem Products Solana community members are once again divided by the social media behavior of the network’s leadership. With Solana’s perpetual futures sector still trailing far behind rival chains, co-founder Anatoly Yakovenko and other high-profile ecosystem leaders have lent their support to Phoenix Trade, an emerging perps DEX.
Widespread support for Phoenix Trade has struck a sour note among Solana network participants and builders, who claim that leadership is biased towards certain products over others.
Conversely, experts justify Solana leadership’s support on the grounds that Phoenix represents Solana’s first true perps venue. Where competitors like Pacifica and GMTrade, Solana’s leading perps venues by trading volume, rely on offchain or oracle-dependent execution, Phoenix operates entirely on Solana’s Layer-1.
As a result, the fully onchain venue generates more onchain activity and brings economic value to the network in a way that its competitors do not.
Multicoin Capital Co-Founder: “The Solana Foundation Should Not Be Neutral” The discourse has reignited debate on the Solana Foundation’s role within the ecosystem. While many have argued that the Foundation, using its various distribution channels and influence, should remain neutral, ecosystem leaders assert that the non-profit organization should only support the best teams.
Builders from the chain have further downplayed the influence the Solana Foundation has on the success of ecosystem projects.
Commentators noted that many of Solana’s biggest applications, like Jupiter, Pumpfun, and Phantom have succeeded without significant investment and distribution from Solana leadership.
Phoenix Trade Records $4.3M in Daily Volume, a New All-Time High With traders from across the crypto industry all fixating on the newest entrant to the perps race, Phoenix is enjoying a steady uptick in volume.
Amidst the theatrics of public debate, Phoenix’s daily trading volume rose to $4.3M, recording a new all-time high for the emerging venue.
Outside of Phoenix, Solana’s perps sector is showing renewed signs of life. Trading data from the network’s leading venues suggests that daily trading volumes climbed past 2.5B on May 11, placing Solana second among all chains for the first time in 48 weeks.
GMTrade currently leads the market, accounting for 71% of the chain’s total perps volume. However, this volume is likely inflated by an ongoing incentives campaign designed to reward traders who generate volume on the platform.
For Phoenix, an emerging product still in its infancy, attracting meaningful volume is something of a chicken-and-egg problem. Despite its technical prowess, critics argue that Phoenix is inhibited by low volumes and thin order book liquidity, which can cause slippage on large trades. Serious traders require volume and liquidity depth, which can only be provided by having a sizable cohort of traders already using the venue.
Historically, incentives campaigns and airdrop promises have been the go-to user-acquisition strategy for emerging perps exchanges. Attracting retail liquidity effectively solves the cold start problem, laying a foundation of retail liquidity that attracts activity from market makers.
Phoenix has communicated several times that it does not intend to launch a native token, which has so far discouraged retail traders from deploying capital on the venue.
Read More on SolanaFloor Sanctum Holds Strong in the face of DeFi Deposit Flight
Sanctum $SOL-Denominated TVL and Revenue Undaunted by 2026 Market Decline
Hyperliquid has overtaken Solana on a fully diluted valuation basis, according to Arkham, adding a new market marker to one of crypto’s most closely watched comparisons: the rise of application-heavy, revenue-generating chains.
Arkham summarized the move directly on X, writing: “Hyperliquid has flipped Solana by FDV.” The accompanying Solana market page shows SOL trading around $86.51, with a fully diluted valuation of roughly $54.22 billion, a circulating market capitalization near $49.99 billion and 24-hour volume of about $2.74 billion. The same screen listed Solana’s current supply at 577.86 million SOL and max supply at 626.75 million SOL.
On Arkham’s Hyperliquid page, HYPE was shown trading at $56.71, giving the network a fully diluted valuation of about $54.57 billion. That puts it slightly above the Solana FDV shown in Arkham’s Solana screenshot, at roughly $54.22 billion. The comparison is notable because Hyperliquid’s circulating market capitalization was much smaller, at about $13.28 billion, reflecting a current supply of 238.39 million HYPE against a max supply of 962.27 million. Arkham also showed 24-hour HYPE volume of roughly $1.20 billion, with the token trading near its listed all-time high of $59.30.
Hyperliquid has flipped Solana by FDV. pic.twitter.com/rDF5FRg4TK
— Arkham (@arkham) May 21, 2026
Hyperliquid And Solana Lead All ‘Revenue Chains’ The FDV flip comes as Hyperliquid has also been showing up at the top of crypto revenue rankings. In post on X, Bitwise CEO Hunter Horsley lists Hyperliquid with $790.55 million in total revenue, ahead of Solana at $532.34 million. TRON followed at $471.20 million, while Ethereum was shown at $425.56 million.
Horsley framed the comparison less as a zero-sum fight between HYPE and SOL and more as evidence of a broader category emerging inside crypto.
“There’s a new class in crypto: the revenue chains,” Horsley wrote. “The leaders are Hyperliquid & Solana. Both do some overlapping things, and some different things. Both have exceptional communities, usage, use cases, etc.”
That framing matters because the Hyperliquid-Solana comparison is not purely about market capitalization. It is also about where users, liquidity and trading activity are concentrating. Hyperliquid’s revenue profile has become central to the HYPE thesis, while Solana remains one of the largest high-throughput ecosystems in crypto, with broad activity across trading, DeFi, consumer applications and token issuance.
Horsley argued that both networks are positioned around the same structural tailwind: capital markets moving onchain. “I think that both will rise together, just as iOS and Android both rode the structural adoption of mobile,” he wrote. “In the case of the revenue chains, they are riding the wave of capital markets coming onchain.”
Solana Camp Downplays Rivalry Solana co-founder Anatoly Yakovenko also pushed back against the idea that Hyperliquid’s rise should be treated as a threat to Solana’s roadmap. Responding to a post about Hyperliquid, Yakovenko wrote: “I am not worried about someone else succeeding. Whether hype succeeds or not isn’t going to change what I or the rest of the Solana ecosystem will be working on.”
Yakovenko once again presented Solana-based Phoenix Trade as a better version of Hyperliquid: “Try Phoenix Trade my HL brother.”
Meanwhile, Horsley highlighted the success of both. “If you are rooting for HYPE or SOL or both, success will be less about the competition between the two — healthy ofc — but rather the rise of onchain capital markets,” he wrote. “Root for capital markets coming onchain.”
At press time, HYPE traded at $58.354.
HYPE approaches it September 2025-high, 1-week chart | Source: HYPEUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com
Phoenix Trade, the on-chain perpetuals exchange built on Solana, has opened up mobile access for its trading platform. Users can now trade directly through their phone’s browser or wallet-embedded browser without downloading a separate app.
What Phoenix is actually offering on mobile The mobile version isn’t a stripped-down companion app. Phoenix is pushing the same orderbook experience to mobile that desktop users already have, including limit orders, on-chain settlement, and instant fund withdrawals after trades complete.
Phoenix processes trades with an average settlement time of roughly 0.5 seconds. Users can access the platform by navigating to phoenix.trade on their mobile browser or through their wallet’s built-in browser. The platform also supports referral codes for fee sharing and builder codes that let developers route order flow through Phoenix.
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The numbers behind the timing Phoenix didn’t launch mobile into a vacuum. The platform recorded an all-time high daily trading volume of $4.3 million on May 13, 2026, less than three weeks before the mobile launch.
Phoenix runs a fully on-chain orderbook, which means every order, every fill, every cancellation lives on Solana’s ledger. Most competing perpetuals platforms rely on oracle-based pricing or off-chain matching engines to hit their volume numbers. Oracle-based perp platforms essentially take a price feed from somewhere else and let traders bet against it. A fully on-chain orderbook means real buyers and sellers are matching directly, with the blockchain serving as both the matching engine and the settlement layer.
From spot DEX to perpetuals platform Phoenix originally launched on Solana’s mainnet in 2023 as a spot limit-orderbook DEX, built by a team called Ellipsis Labs. The expansion into perpetual futures was the natural next step. Building a perp product on top of an existing orderbook infrastructure gave Phoenix a structural advantage over teams starting from scratch.
The mobile launch fits into a broader pattern within the Solana ecosystem that has been leaning heavily into mobile-first crypto experiences. Solana Mobile’s hardware efforts, including dedicated Android devices optimized for crypto, have created a small but growing cohort of users who expect to do everything from their phones.
What this means for traders and the Solana ecosystem Phoenix’s approach of using the mobile browser rather than a native app sidesteps app store friction for both users who don’t want another app and developers who have to navigate Apple and Google’s policies toward crypto applications.
The risk, as always with on-chain orderbooks, is liquidity. A $4.3 million daily volume high is encouraging but still thin enough that large orders could move markets in ways that deter institutional or semi-professional traders.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The Pentagon just wrote a half-billion-dollar check to a startup that pulls rare earth metals out of mining waste. Phoenix Tailings, a company that extracts and refines rare earth elements from industrial byproducts, landed a $500 million conditional loan commitment from the Department of Defense’s Office of Strategic Capital.
Combined with private investment, the total funding package is expected to approach $1 billion. That kind of money buys you a new processing facility, expanded operations, and a meaningful step toward untangling the US from China’s grip on the materials that power everything from fighter jets to electric vehicles.
What Phoenix Tailings is actually building The company plans to use the financing to expand its existing facilities in Burlington, Massachusetts, and Exeter, New Hampshire, while also constructing an entirely new plant. That new facility has been branded the “Freedom Facility,” which will handle rare earth separation and metallization processes.
Phoenix Tailings focuses specifically on heavy rare earth elements, including dysprosium, terbium, and neodymium-praseodymium, commonly referred to as NdPr. These materials are essential for permanent magnets used in defense systems, wind turbines, and EV motors.
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The company already operates a small-scale production line in New Hampshire that supplies the defense sector with heavy rare earth metals. This loan is designed to take that from “proof of concept” to “meaningful domestic capacity.”
Phoenix Tailings uses solvent-free, low-emission extraction technology. Traditional rare earth processing is notoriously dirty, generating toxic byproducts that have made it politically radioactive in Western countries. Phoenix Tailings’ cleaner process sidesteps that problem, which matters both for permitting and for the long-term economics of the operation.
The funding picture so far Phoenix Tailings has raised more than $116 million in previous funding rounds, including a $40.2 million Series B extension that closed on February 19, 2026.
On top of the Pentagon loan, the company is also in line to receive part of a $134 million award from the Department of Energy. That DOE funding is earmarked for a demonstration-scale facility being developed in collaboration with MIT and the University of Minnesota.
The Office of Strategic Capital, the Pentagon entity behind the $500 million loan, was established specifically to direct private capital toward technologies deemed critical to national security. China controls roughly the vast majority of global rare earth refining capacity and has shown a willingness to use that leverage as a geopolitical tool.
Why this matters beyond defense When China restricted rare earth exports to Japan in 2010 over a territorial dispute, it sent prices soaring and triggered a global scramble to develop alternative supply chains. That scramble, more than 15 years later, still hasn’t produced enough non-Chinese capacity to meaningfully reduce the dependency.
The Pentagon’s bet on Phoenix Tailings is part of a broader effort to fill the gap between mining raw materials and manufacturing finished products. It’s the middle of the supply chain that’s been hardest to build outside of China, because the processing technology and expertise have been concentrated there for decades.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The US Department of Defense’s Office of Strategic Capital has issued a conditional loan commitment of $500 million to Phoenix Tailings, a company focused on rare earth element processing. The deal is designed to do something the US has talked about for years but struggled to execute: actually build domestic capacity for the minerals that power everything from fighter jets to electric vehicles.
When combined with private capital, the total funding package is projected to hit roughly $1 billion. That money will go toward scaling Phoenix Tailings’ existing facilities and, more importantly, building a new rare earth separation and metallization plant on US soil.
The loan to Phoenix Tailings is conditional, meaning it still has to clear standard due diligence across financial, legal, and technical domains before reaching financial close.
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This isn’t happening in a vacuum. The US government has been methodically assembling a portfolio of rare earth bets. MP Materials, which operates the only active rare earth mine in the US at Mountain Pass, California, has received federal backing. USA Rare Earth has also landed funding commitments. The government has simultaneously expanded its strategic stockpiling efforts and issued additional loans aimed at bolstering domestic mineral processing.
Phoenix Tailings stands out in this group because of its focus on the downstream side of the equation. Mining rare earths is one challenge. Separating and refining them into usable metals is where China’s dominance is most pronounced, and most difficult to replicate. Building a new separation and metallization facility addresses the part of the supply chain where the US is weakest.
The Office of Strategic Capital was created specifically to make these kinds of investments. It functions as the Pentagon’s venture-style funding arm for technologies and supply chains deemed critical to national security.
The Trump administration accelerated the push to onshore critical minerals supply chains, and that momentum has carried through subsequent policy cycles.
The risk to watch is execution. Conditional loans can fall apart during due diligence. Building rare earth processing facilities is technically demanding, environmentally complex, and capital-intensive. MP Materials has spent years working toward full separation capabilities at Mountain Pass and still faces challenges. Phoenix Tailings will need to demonstrate that its technology works at commercial scale, not just in a lab or pilot facility.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
History suggests that BTC's biggest leg down is still upon us.
Bitcoin’s price rebound since the Friday massacre to $59,000 drove the asset north to $64,000 earlier this morning, perhaps driven by some positive developments on the US-Iran war front.
One analyst, though, believes this price recovery is not the full story and warned about another major retracement.
BTC Jumps to $64K The primary cryptocurrency plunged below $60,000 on Friday for the first time since before the US presidential elections in November 2024. This new local low was the culmination of a weeks-long correction that began in mid-May when the asset was rejected at $82,000.
It managed to rebound to just over $60,000 relatively quickly and bounced to $62,000 over the weekend. It experienced some volatility yesterday evening when Iran struck Israel in retaliation for attacks against Lebanon. However, US President Donald Trump condemned all the strikes and said that his country and Iran might be closer to a peace deal that could be announced in the following few days.
BTC jumped to $64,200 in a promising wick, but was quickly stopped and now sits at around $63,000. Most altcoins followed the fluctuations, leading to another uptick in the liquidations from the futures field. The total value of wrecked positions has risen to well past $600 million daily, shows CoinGlass data. This time, though, short liquidations dominate with $467 million.
Liquidation Data on CoinGlass Don’t Trust The Pump Popular analyst Merlijn The Trader predicted BTC’s bounce following the $59,000 low, but cautioned that this is not the full story. He based his analysis on the 2022 bear market, when the cryptocurrency had already retraced hard but then rebounded in a similar manner. However, the actual capitulation was still in play and followed after some investors had already hopped on.
If history repeats now, Merlijn predicted a price surge toward $65,000-$70,000 before the ultimate leg down drives the asset to a proper DCA zone between $48,000 and $59,000.
You may also like: Bitcoin (BTC) Dips Below $62K, Ethereum (ETH) Plunges 6% Daily: Market Watch Bitcoin Holds Key Price Floor Despite Weak Bullish Signals: Bitfinex Alpha 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M The Bitcoin bounce is coming.
Don’t go all-in on it.
Wyckoff Accumulation:
2022: Spring at $15.5K.
Bounce rally to $23K.
Bulls bought the bounce.
Then capitulation.
2026:
Same playbook.
Spring near $50K incoming.
Bounce rally to $65-70K incoming.
DCA zone: $48-59K.… pic.twitter.com/ZJNxHzA1XX
— Merlijn The Trader (@MerlijnTrader) June 7, 2026
After a steep selloff that reinforced bearish momentum, Solana appears to be entering a period of consolidation as Wave 4 unfolds. Such corrective phases often offer short-term relief and can also serve as a launching pad for the next leg of a downtrend. As the market searches for direction, the key question remains whether buyers can build a meaningful recovery or if another decline is waiting around the corner.
Wave 4 Correction Takes Shape Amid Cooling Selling Pressure Analyzing Solana’s wave outlook on the 30-minute time frame, Elliott Waves Academy noted that the pair may be gearing up for another significant downside move following a decisive breakdown from its price channel. The recent decline has reinforced bearish sentiment, with price action signaling that sellers remain firmly in control of the broader trend.
According to the analysis, Solana has already reached the 261.80% Fibonacci extension level, suggesting that wave 3 has completed. As the strongest and most impulsive phase of the trend, wave 3 has played a key role in driving the current bearish structure lower.
Source: Chart from Elliott Waves Academy on X With wave 3 finished, the market appears to have entered wave 4, a corrective phase that typically follows an extended decline. Given the aggressive nature of wave 2 earlier in the sequence, wave four is expected to be more subdued, likely developing through sideways consolidation or a corrective triangle formation as the market temporarily stabilizes.
Once the corrective structure is complete, attention will shift to the next bearish leg. A breakdown below the key support level of the correction could trigger wave five, opening the door for a decline toward the $81.33–$78.69 zone, representing the next downside targets for bearish traders.
Three Months Of Consolidation Unleash A Powerful Breakout For Solana Crypto analyst Daan Crypto Trades pointed out that Solana delivered the expected 20–30% move after finally breaking out of its multi-month trading range. Such explosive price action is often seen after extended periods of consolidation, where volatility remains compressed before a decisive breakout triggers a strong directional move.
The analyst emphasized the importance of waiting for confirmation. Once price escapes a range that has held for more than three months, momentum tends to accelerate rapidly, creating sizable opportunities for traders who react to the confirmed move rather than trying to predict it.
Solana is now retesting a crucial weekly support level. According to Daan, this area represents one of the last major support zones on the chart, making it a critical battleground for bulls. Holding this level and reclaiming key horizontal resistance levels above could help restore bullish momentum and strengthen the case for another upward leg.
SOL trading at $65 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Shiba Inu has experienced yet another notable sell-off, pushing toward new local lows and breaking below a multi-month ascending channel. The meme coin finally gave up after weeks of steady decline, prompting many investors to wonder if SHIB has finally reached its lowest point.
Technically speaking, there are indications that the market might be getting close to an exhaustion point. The Relative Strength Index (RSI), which has dropped below the crucial 30 threshold and is presently in oversold territory, is the most prominent indicator. These readings have historically suggested that bearish sentiment may be waning and that selling pressure has grown excessive. Though not always complete trend reversals, relief rallies have frequently preceded previous oversold conditions on SHIB.
SHIB/USDT Chart by TradingViewA significant percentage of weak hands may have already left the market, according to price action. A wave of liquidation-driven selling was sparked by SHIB's recent break beneath the lower boundary of its ascending channel, which accelerated losses. Instead of signaling the start of a decline, such breakdowns often indicate its end.
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However, oversold conditions should not be interpreted by investors as proof that a bottom has already been reached. Volume is a major concern. Although there was a spike in activity due to the breakdown itself, the first attempt at recovery was made with comparatively low participation.
Strong buying volume is usually necessary for sustainable recoveries in order to verify that fresh demand is entering the market. Any recovery without that confirmation runs the risk of turning into a short-term relief rally rather than the beginning of a long-term uptrend.
Also, the general trend is still negative. The 50-day, 100-day, and 200-day moving averages are all sloping downward, and SHIB is still trading below them. Bulls are still at a disadvantage until the asset regains at least the 50-day moving average in the vicinity of $0.0000054-$0.0000055.
Hyperliquid isn't done yetAfter a significant decline from its recent all-time high area around $76, Hyperliquid's native token HYPE is exhibiting signs of renewed strength. Buyers have returned to the market after an aggressive sell-off that momentarily drove the asset below $60. This has led to a significant recovery. As of this writing, HYPE has shown one of the best daily performances among the major cryptocurrency assets, recovering toward the $65 range.
After an incredible rally that saw HYPE rise from below $30 in February to more than $75 in early June, there was a recent correction. The most recent decline seems to be the first significant test of bullish conviction since the trend accelerated, and such swift advances seldom happen without periods of profit-taking.
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Technically speaking, the rebound is taking place in a key area. Buyers are still active on weakness, as evidenced by the asset's quick recovery from a brief dip below its 21-day moving average. More significantly, HYPE keeps trading well above its 50-, 100-, and 200-day moving averages. Shorter-term averages are positioned above longer-term ones, and their alignment is still very bullish.
Additionally, the overall uptrend is still in place. HYPE has adhered to an upward trendline since late February, which keeps pushing the market higher. Although that structure was briefly threatened by the recent correction, buyers were able to protect the trend before a more serious breakdown could occur.
Additionally, momentum indicators lend credence to the recovery story. The Relative Strength Index is currently in the mid-50s after cooling from earlier overheated levels. Compared to the overbought readings observed during the run toward all-time highs, this position is better for the market because it leaves room for another leg higher without experiencing momentum exhaustion right away.
Right now, the $65-$66 range is the crucial level that traders should keep an eye on. A clear breakout above this area might pave the way for a retest of $70 and, ultimately, the most recent peak, which was close to $76.
Bitcoin finds a foundationAfter one of the biggest drops of the current market cycle, Bitcoin seems to be regaining its footing. The biggest cryptocurrency is currently trying to stabilize around the psychologically significant $60,000 level after a sharp decline that sent Bitcoin from above $80,000 to almost $60,000 in a matter of days.
It appears that sellers may finally be losing momentum based on the recent price action. Bitcoin has started to establish a base around $60,000-$63,000 after a series of liquidations and panic-driven sales. The market has at least been able to stop the freefall that dominated trading during the previous week, even though it is too early to declare a clear bottom.
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Momentum indicators provide one of the most compelling arguments for stabilization. The Relative Strength Index (RSI) has reached levels not seen in months, plunging far into oversold territory. In the past, readings below 30 have frequently shown that the market is open to a relief rally and that selling pressure has run out.
The stabilization thesis is further supported by volume behavior. A significant increase in trading volume coincided with the breakdown toward $60,000, indicating widespread market participant capitulation. Near local bottoms, these volume explosions often happen as weaker holders scramble to get out of positions. Before choosing their next major course, markets frequently go through a consolidation phase after this supply is absorbed.
Bitcoin is still in a technically precarious situation despite the new indications of stability. The asset is trading below its 50-, 100-, and 200-day moving averages, all of which are still pointing downward. Furthermore, BTC recently broke below an upward trendline that had sustained price movement since March, indicating a decline in market structure. Any attempt at recovery will therefore encounter significant overhead resistance.
The Nasdaq 100 climbed 1.5% Monday and the S&P 500 rose 0.7% as AI and semiconductor stocks recovered from Friday's selloff, which had handed the tech index its biggest weekly decline since April 2025. Bitcoin and Ether saw little of that lift. BTC was trading around $62,856 Tuesday, roughly in line with where it opened the week. Ether was at approximately $1,669.
Micron Technology (MU) rose 9.9% after falling 13.3% Friday, its worst single-session loss in the S&P 500 that day. Marvell Technology (MRVL) gained 9.6% following news it would join the S&P 500. Nvidia (NVDA) added 1.7% after CEO Jensen Huang, speaking at an event in Seoul, urged investors to treat the recent selloff as a buying opportunity. Apple (APPL) fell 1% despite unveiling an AI-upgraded Siri at its annual WWDC, a response analysts attributed to buy-the-rumor, sell-the-news dynamics.
Crypto's decoupling from the equity rebound extended a pattern from recent weeks. Bitcoin had fallen below $60,000 over the weekend before recovering, and remains significantly below highs set earlier this year.
Against that backdrop, Strategy (MSTR) disclosed in an SEC filing that it purchased 1,550 BTC for approximately $101 million between June 1 and June 7, bringing its total holdings to 845,256 BTC. The purchase was partly funded by the sale of 1.4 million shares of Class A common stock, generating $181 million in net proceeds. The company also raised its USD Reserve from $900 million to $1 billion. The buy follows last week's disposal of 32 BTC, which Strategy said was intended to help fund preferred stock distributions.
Bitmine's (BMNR) press release disclosed 126,971 ETH acquired over the past week at an average of approximately $1,630 per token, bringing total holdings to 5.54 million ETH – 4.59% of Ethereum's circulating supply. Chairman Tom Lee said the company increased its buying as it believes the pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals. The company holds 4.72 million of those tokens in staking, roughly 85% of its total ETH position. Including $247 million in cash, Bitmine reported total crypto and cash holdings of $9.6 billion.
Both companies have maintained their accumulation approach through this year's price weakness. Bitmine's latest tranche was acquired below current ETH prices. Strategy paid roughly $65,200/BTC on average, about 3% above where Bitcoin is currently trading.
On June 9, a Bitfinex analyst published a report noting that Bitcoin has shifted from the "accumulation phase" — which fueled its recent price rally — into a "distribution phase." Data highlights that after robust buying pressure between April and May, the spot volume delta has swung sharply negative, signaling early market entrants are steadily selling off during the current weak period, rather than holding or adding to their positions. The analyst added that short-term holders’ average cost basis has fallen below the market’s true average of $77,800, meaning a large portion of recent capital inflows are now sitting at unrealized losses — adding fresh selling pressure every time prices rebound. Bitfinex noted in the report: "Both on-chain and fund flow data confirm the current market is leaning toward a distribution-driven phase, rather than a classic panic bottom." The exchange stated that until spot demand makes a meaningful recovery, the broader market will stay in a defensive posture. This evaluation lines up with new metrics from on-chain analytics firm Glassnode. The firm’s data shows daily market realized losses have hit $1.35 billion, roughly $770 million of which stems from long-term holders triggering stop-loss orders. Additionally, Glassnode’s tracked realized profit-to-loss ratio has plummeted sharply from 3.16 on May 7 to 0.29 — nearly matching levels seen during the market’s February panic sell-off this year — signaling a fast-worsening market sentiment.
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Crypto analyst Ardi has drawn attention to an interesting dynamic amid the Bitcoin price bounce from a recent low of around $59,000. Based on his analysis, the BTC bottom has likely not formed, with the leading crypto set to fall to new lows.
Analyst Explains What Is Going on Amid Bitcoin Price Bounce In an X post, Ardi said that one of the more interesting developments during this distribution range has been the disconnect between retail and larger market participants. He noted that retail has spent months buying every dip as the Bitcoin price declines, thinking that those declines were likely the bottom being handed on a “silver platter.”
While retail investors have been buying the dip, mid-sized and institutional participants have spent the same period selling into every bounce. Ardi noted that people with the least capital are absorbing supply from those with the most. He declared that this is not usually how major bottoms are built in bear cycles, suggesting that the bottom is not yet in.
Source: Chart from Ardi on X Ardi further remarked that institutional-sized traders do not need retail participation to form a bottom for the Bitcoin price. He added that major bottoms are, in fact, formed after retail finally gives up. However, that is not the case at the moment as retail conviction remains high while larger investors are reducing their exposure. The analyst said that it is hard to argue that true capitulation has occurred until the dynamics change.
The Bitcoin ETFs have largely contributed to the latest Bitcoin price crash, with these funds seeing record net outflows over the last month. These ETFs have also seen outflows in 15 out of the last 16 trading days, a development that has significantly put downward pressure on the BTC price.
BTC About To Reach A Market Bottom In an X post, crypto analyst Ali Martinez said that the Bitcoin price is about to reach a market bottom. He cited technical and on-chain metrics that signal that a major macro accumulation cycle is starting. The analyst noted that the recent pullback has successfully flushed out overleveraged premiums across the board and that this move was accelerated by long-term holders who distributed over $3.25 billion in spot BTC.
With the Bitcoin price declining to $59,000, Martinez revealed that over 10.46 million BTC is currently held at a loss. He noted that historically, every time the supply-in-loss metric crosses the extreme 10 million threshold, it has accurately timed macro bottoms. The analyst also pointed to the 1.0 to 0.8 MVRV bands, which suggest that BTC could bottom between $53,900 and $43,150.
At the time of writing, the Bitcoin price is trading at around $63,200, up in the last 24 hours, according to data from CoinMarketCap.
BTC trading at $63,379 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com
Something has shifted under the surface of Cardano’s on-chain data. Following a period of steady capital aging, large dormant wallets have started making moves, according to Santiment’s latest on-chain observation. The Mean Dollar Invested Age — a measure of the average age of capital in ADA wallets — had been climbing before the recent flurry. Now it is pausing, coinciding with multiple sharp spikes in Age Consumed, a metric that tracks the movement of old coins.
ADA’s recent price flush appears to have jolted long-term holders into action. Age Consumed recorded several notable spikes over the past four to five days, including its largest surge since April. That means coins that had been dormant for extended periods are being moved again, either for repositioning, selling, or accumulation by new hands. In isolation, the signal is neither bullish nor bearish. But the combination of a stalled Mean Dollar Invested Age and sudden dormancy breaks suggests a change in holder behavior that typically emerges around inflection points.
What the Metrics Indicate Mean Dollar Invested Age acts as a barometer of conviction. When it rises, capital is aging — holders are sitting tight. A plateau or downtick often coincides with older cohorts becoming active. Age Consumed fills in the picture by quantifying how much dormant value is moving. Large spikes mean old supply is re-entering circulation. When both flash together, as they are now, the market is effectively redistributing coins from longer-term participants to newer ones. That kind of transfer has historically set the stage for local bottoms, though timing can vary.
Historical Context and What to Watch Next Santiment’s team notes that clusters of Age Consumed spikes paired with a pause or decline in Mean Dollar Invested Age have often appeared around key market turning points. It’s not a guaranteed reversal signal — no on-chain metric works in isolation — but the current pattern mirrors setups seen before previous Cardano rebounds. For traders, the next step is watching whether ADA can hold above recent lows while this redistribution unfolds. Sustained lower MDIA and additional strong consumption spikes would reinforce the case for a bounce. On the other hand, if the coin movement is largely sell-side and new buyers fail to absorb it, the pattern could fizzle.
While on-chain activity is sending tentative signals, Cardano’s developer community remains one of the most active in the space, a factor that often supports long-term valuation regardless of short-term holder movements. Developer activity rankings continue to place Cardano among the top blockchains. For now, the awakening of dormant ADA is a development worth monitoring, but it requires price confirmation before it can be read as a definitive turn.
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Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
Bitcoin signage during the Bitcoin 2026 conference in Las Vegas, Nevada.Photographer: Ian Maule/BloombergFor Bitcoin, the worst may be yet to come.
The largest cryptocurrency recovered some ground after slumping 16% in the seven days through Sunday, its steepest weekly fall since the bankruptcy of Sam Bankman-Fried’s FTX triggered a 23% rout in November 2022.
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June 10, 2026
A fresh product announcement from Ripple is here to be the price catalyst XRP holders have been waiting for. Ripple has officially unveiled the XRPL AI Starter Kit, a developer toolkit purpose-built for autonomous, machine-to-machine payments on the XRP Ledger.
The Starter Kit launches in phases, with Phase 1 targeting developers building agentic payment applications, systems that settle invoices, pay for compute, and complete transactions without human approval loops.
XRPL AI Starter Kit at a glance, RippleRLUSD, Ripple’s USD-backed stablecoin, is fully integrated into the toolkit, supporting price-stable workflows like payroll and agent-to-agent commerce via the XRPL DEX. Institutional safeguards like escrow, multi-signature, deposit authorization, and trust lines are available natively with no custom smart contracts required.
The convergence of developer tooling expansion, AI payment infrastructure, and ETF speculation is creating an unusually dense news cycle for XRP.
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Can XRP Price Reclaim $2? Can the XRPL AI Starter Kit Drive Developer Demand?XRP price is at the $1.10-$1.15 range, as it remains well below its highs despite recent positive sentiment. The daily range shows that liquidity is dispersed and volatility remains elevated.
Technically, XRP appears to be consolidating. The asset is caught between a meaningful support floor and resistance near the $1-$1.3 zone. XRP’s structural price dynamics have flagged that institutional demand cycles, not retail flows, are the primary price driver at this stage.
Three scenarios are on the table. First, if the XRPL AI Starter Kit drives measurable developer adoption metrics XRP could reclaim $2.50+. The second scenario would see sentiment remain constructive, but price oscillates between $1.00 and $1.30 as traders wait for a harder catalyst.
The third and last one is bearish. In the case of disappointed developer uptake, XRP could retest the sub-$1.00 support. A speculative AI-model estimate of $5 by late 2025 circulates in community feeds.
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LiquidChain Targets Early-Mover Upside as XRP Tests Key Infrastructure NarrativeXRP’s AI Starter Kit announcement underscores a broader market theme: cross-chain infrastructure and developer tooling are attracting serious capital. But at XRP’s current market cap, the asymmetric upside that early-cycle investors chase is largely already priced into any near-term scenario. That’s where earlier-stage infrastructure plays enter the conversation.
LiquidChain ($LIQUID) is a Layer 3 infrastructure project positioning itself as the cross-chain liquidity layer, fusing Bitcoin, Ethereum, and Solana liquidity into a single execution environment. Developers deploy once and access all three ecosystems simultaneously.
The presale has raised $830K to date, with $LIQUID currently priced at $0.01468. Core architecture features include a Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and a Deploy-Once architecture, all targeting the fragmentation problem that plagues multi-chain development today.
The AI-infrastructure narrative gaining traction around XRP applies equally to L3 settlement layers like LiquidChain, as autonomous agents need unified liquidity rails, not siloed chains.
Hours ago, XRP was flirting with $1 and traders were bracing for a break below it. Then the CPI landed, the soft core reading flipped sentiment, and XRP did not just bounce, it led the entire market higher with a 5% jump. The same token that looked broken this morning is suddenly the strongest name on the board. Here is what changed and whether it holds.
XRP is trading near $1.18 on June 10, 2026, up about 5% on the day and leading a broad market rebound after the May CPI report (live XRP price on CoinGecko). The move is notable not just for its size but for its leadership: XRP outpaced Bitcoin, which rose about 3.3%, and roughly matched the strongest large-cap gainers. After weeks of XRP underperforming and sliding toward $1, that is a meaningful shift in tone.
The catalyst was macro, but the leadership was XRP-specific. Both parts matter.
What the CPI changed This morning, XRP was pinned near four-month lows, weighed down by a market terrified that hot inflation would keep the Fed hawkish. The CPI report flipped that fear, at least partially.
While headline inflation came in hot at 4.2%, the core reading, which strips out food and energy and which the Fed watches most closely, rose just 0.2%, below expectations. That soft core was enough to revive hopes that underlying inflation is cooling and the Fed has room to ease later this year. Risk assets responded immediately. The broad crypto market turned green, with the CD20 index up nearly 4%, Ethereum up 4.4%, Solana up 5.8%, and XRP up 5%.
In short, the number that traders feared would push XRP below $1 instead handed it the fuel to bounce off those lows.
Why XRP led the rebound A 5% move when Bitcoin gains 3.3% is outperformance, and it is not random. XRP led for a few reasons.
First, it was the most oversold. XRP had fallen harder than most large caps heading into the report, with a weekly RSI in the low 20s, so it had the most room to snap back when sentiment flipped. Second, the accumulation signals were already in place: over 25 million XRP had left exchanges in recent days, ETF inflows continued, and dip buying had surged at the lows. That buildup of coiled demand released fast once the macro fear lifted. Third, the CLARITY Act catalyst is live, with more than 200 firms pushing the Senate for a vote, giving XRP a forward story that pure beta names lack.
When a deeply oversold asset with real accumulation underneath it gets a macro green light, it tends to move hardest. That is exactly what happened.
The caveats worth respecting This is a relief bounce, not a confirmed reversal, and the honest read includes the risks.
The hot headline CPI has not gone away, and the real verdict comes at the June 17 FOMC meeting, where the Fed’s dot plot will show how it weighs the hot headline against the soft core. A hawkish surprise there could erase this bounce quickly. Technically, XRP is still below its 50-day average near $1.38 and its 200-day near $1.62, so one green day does not break the downtrend. And the CLARITY Act odds were just cut to 60% by Galaxy Digital, so the catalyst is far from guaranteed.
In other words, today’s move is real and the leadership is encouraging, but XRP has to prove it can hold and build, not just bounce.
XRP/USD: Key Levels to Watch On the upside, reclaiming and holding $1.20 is the immediate test, the level XRP is pushing against now. Above it, the $1.25 to $1.30 zone is the next resistance, and the 50-day average near $1.38 is what a real trend change requires. On the downside, $1.10 is the support that held this morning, and the psychological $1.00 remains the line that must not break.
Bottom Line XRP went from flirting with $1 to leading a 5% market bounce in a matter of hours, all on a soft core CPI reading that revived rate-cut hopes. The leadership is meaningful: it shows that when fear lifts, XRP’s oversold setup and underlying accumulation can produce outsized moves.
But the bounce has to survive the June 17 FOMC and reclaim $1.20 to mean anything lasting. For now, XRP is the strongest name on a green day, which is a welcome change after weeks of weakness. Watch $1.20 above and $1.10 below, and remember the real macro test is still a week away.
FAQ Why did XRP jump today?
XRP rose about 5% to $1.18 after the May CPI report showed a soft core inflation reading of 0.2%, below expectations. That revived hopes the Fed could ease later this year, sparking a market-wide bounce that XRP led.
Why did XRP outperform Bitcoin?
XRP was more oversold than most large caps heading into the report, with a weekly RSI in the low 20s, so it had more room to rebound. Strong accumulation signals, including exchange outflows and ETF inflows, amplified the move when sentiment turned.
Is the XRP bottom in?
Not confirmed. This is a relief bounce driven by macro sentiment. XRP remains below its key moving averages, and the real test is the June 17 FOMC meeting. Reclaiming $1.20 and then $1.38 would be needed to signal a genuine trend change.
What are the key XRP levels now?
The immediate test is holding $1.20, with $1.25 to $1.30 as the next resistance and the 50-day average near $1.38 above that. On the downside, $1.10 is support, with the psychological $1.00 the critical floor.
What is the CLARITY Act’s role?
More than 200 crypto firms are pushing the Senate to vote on the CLARITY Act, which would classify XRP as a digital commodity. It is XRP’s biggest forward catalyst, though Galaxy Digital recently cut the odds of 2026 passage to 60%.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research and never invest more than you can afford to lose.
This was supposed to be the good-news day. The US-Iran peace deal is signed, oil is down 9%, and the war that crushed crypto in May is officially over. Yet Bitcoin is sliding below $63,000 and the week’s bounce is fading. The reason is simple and a little uncomfortable: one hawkish Fed meeting is outweighing a peace deal. Here is what’s happening with BTC and ETH, and the bigger question now hanging over the market.
Bitcoin is trading near $62,547 on June 19, 2026, down about 0.3% on the day and roughly 2.9% over the week, slipping below the $63,000 level (live prices on CoinGecko). Ethereum sits near $1,693, down about 0.1% on the day but still up around 1.8% on the week, continuing to hold up better than Bitcoin. BTC’s market cap is around $1.25 trillion, ETH’s near $204.5 billion.
The strange part is the backdrop. This should be a risk-on day, and instead crypto is drifting lower. Here is why.
Good news that isn’t moving the market The US-Iran peace deal was formally signed today, June 19, in Switzerland. President Trump authorized reopening the Strait of Hormuz, the naval blockade is lifted, and oil prices have fallen about 9%. Lower oil is disinflationary, which in theory eases the pressure on the Fed and helps risk assets like crypto.
So why is Bitcoin falling? Because the market has already moved on. The peace deal was telegraphed for days and is now priced in, a classic “buy the rumor, sell the news” outcome. More importantly, investors are rotating attention toward stocks and away from crypto, and the one thing dominating sentiment is not Iran. It is the Fed.
The Fed is still the story Wednesday’s FOMC meeting continues to cast a long shadow. The Fed held rates but delivered a hawkish dot plot: nine of 18 officials now project a 2026 rate hike, the year-end median jumped to 3.8%, and new Chair Kevin Warsh scrapped forward guidance entirely. The message was that rate cuts are off the table for 2026, possibly until 2027 or later.
That hawkish reality is now outweighing the Iran relief. Analysts at Marex describe crypto positioning as “defensive and thin” after the Fed, meaning traders are cautious and trading volume is light. In a thin market, prices drift, and right now they are drifting down. The peace deal removed a headwind, but the Fed added a bigger one, and the Fed is winning.
Why Ethereum is still holding up better The one bright spot remains Ethereum’s relative strength. ETH is up about 1.8% on the week while Bitcoin is down 2.9%, continuing a divergence that has held through the week.
ETH’s resilience comes from its own demand drivers: treasury firms like BitMine accumulating aggressively, ETF inflows returning, and the Glamsterdam upgrade on track for the second half of 2026. There is also the rotation question. After months of rising Bitcoin dominance during the crash, some capital appears to be rotating toward Ethereum, which historically leads when altcoins start to recover. Whether that continues is tied to the biggest question now facing the market.
The big question: will there be an altseason at all? Here is what traders are really debating after this week. With oil down, the Iran deal signed, and the macro picture clearing in some ways but tightening in others, the question is whether this cycle delivers an “altseason,” the period when altcoins outperform Bitcoin, at all.
The case against: a hawkish Fed, high rates, and rising Bitcoin dominance all delay altseason. Capital concentrates in Bitcoin during uncertainty, starving altcoins. The case for: Ethereum’s relative strength this week, returning ETF inflows, and structural institutional interest in ETH and other majors are the early ingredients of a rotation. ETH leading on the week is exactly what the start of an altseason looks like. The honest answer is that it is unresolved, and the next few weeks of Fed signals and dominance trends will decide it.
BTC and ETH: Key Levels to Watch Bitcoin: $62,000 is the immediate support, with the critical $60,000 floor below it that has held three times. On the upside, reclaiming $64,350 and then $66,000 would revive the bounce. A break of $60,000 would be a serious bearish signal.
Ethereum: $1,650 is the key support analysts are watching, with $1,600 below it. On the upside, ETH needs to reclaim $1,800 and then $2,000 to confirm its relative strength is turning into real leadership.
Bottom line Bitcoin at $62,547 and Ethereum at $1,693 are drifting lower as the week’s bounce fades, with a signed Iran peace deal failing to override the hawkish Fed. The macro tug-of-war is clear: geopolitical relief on one side, tighter-for-longer monetary policy on the other, and right now the Fed is winning.
Ethereum’s continued relative strength is the one encouraging signal, and it ties directly to the question of whether an altseason is coming. Watch Bitcoin’s $60,000 floor and Ethereum’s $1,800 resistance. Those two levels, plus the next round of Fed signals, will decide whether this fade is a pause or the start of another leg down.
FAQ What is the Bitcoin price today?
Bitcoin is trading near $62,547 on June 19, 2026, down about 0.3% on the day and 2.9% on the week, slipping below $63,000 as the week’s bounce fades despite the signed Iran peace deal.
What is the Ethereum price today?
Ethereum is trading near $1,693 on June 19, 2026, down about 0.1% on the day but up roughly 1.8% on the week, continuing to outperform Bitcoin.
Why is crypto falling despite the Iran peace deal?
The peace deal was priced in ahead of the June 19 signing, a “sell the news” outcome. More importantly, Wednesday’s hawkish Fed meeting, which signaled possible 2026 rate hikes, is outweighing the geopolitical relief and keeping crypto positioning defensive.
Why is Ethereum outperforming Bitcoin?
Ethereum benefits from aggressive treasury accumulation by firms like BitMine, returning ETF inflows, the upcoming Glamsterdam upgrade, and a rotation of capital toward ETH as Bitcoin dominance potentially peaks, an early sign of possible altcoin strength.
Will there be an altseason in 2026?
It is unresolved. A hawkish Fed and rising Bitcoin dominance delay altseason, but Ethereum’s relative strength, returning ETF inflows, and structural institutional interest are early ingredients of a rotation. The next few weeks of Fed signals and dominance trends will decide it.
What are the key levels for BTC and ETH?
Bitcoin support is $62,000 then the critical $60,000 floor, with resistance at $64,350 and $66,000. Ethereum support is $1,650, with resistance at $1,800 and the key $2,000 level.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research and never invest more than you can afford to lose.
Dogecoin continues to slide lower, but has now reached price levels that hold historical significance.
The Dogecoin (DOGE) price struggles mirror a broader market downtrend. With Bitcoin sliding below $63,000 amid Strategy’s STRC preferred stock’s drop to $84 on Thursday, the crypto sector has followed suit.
The meme coin is down 1.3% already at the time of writing, building on its nearly 3% drop on Thursday. Since this week, DOGE has dropped 7%, as bears remain in full control of the market. Meanwhile, the meme coin is now approaching a zone that once sparked a price recovery.
Dogecoin at Historical Accumulation Zone On the weekly chart, Dogecoin has drifted back into a price region that once acted as a foundation for a major price move. Since dropping to $0.080 in early February, the token appears to have started forming a price range.
Dogecoin 1W Chart/TradingView Its price rebounded to $0.118 in May, but faced selling pressure there, forcing a retracement. Now, Dogecoin has retested the support level near the February lows. In the first week of June, DOGE slumped to $0.077 before bulls stepped in to prevent further downside.
Currently, it trades at $0.082, still around this key weekly support. This places the meme coin at a critical point in its long-term structure.
Notably, the current setup resembles a previous period when DOGE spent months consolidating near a multi-year support before eventually breaking into a stronger upward trend.
For context, between May 2022 and February 2024, prices remained close to the lower boundary of a broad accumulation range. Dogecoin hovered around the $0.050 support before eventually breaking out to December 2024’s high of $0.484.
Long-Term Support Remains Intact What stands out is that Dogecoin continues to respect the current support around $0.080. Despite the current price weakness, every downtrend has ultimately found relief near this zone, preventing a deeper structural breakdown.
DOGE broke above the current support in February 2024 and has since not fallen below it. Notably, a quick pullback in August 2024 ended in a lower-price rejection. The asset is again testing an area that has historically attracted long-term accumulation.
Interestingly, similar conditions occurred before the recovery in the previous cycle. The extended periods of weakness gradually gave way to renewed momentum because Dogecoin did not lose key support levels.
Dogecoin Breakout Targets Higher Prices If this $0.080 support area continues to hold, the focus will shift toward whether DOGE can reclaim higher resistance levels and establish a new upward trend. A decisive move away from the current range to reclaim key moving averages is a good start.
One of the important resistance levels to watch for long-term recoveries is the March 2024 high of $0.228, a 178% growth from here. Another one is the September 2025 high of $0.306, representing a 273% increase from the current price.
An 802% price surge to the current all-time high of $0.74 is a possibility if bullish momentum sustains. Meanwhile, the $1 dream could still come true. If the broader market enters a prolonged uptrend and the 2021 market conditions repeat, DOGE could explode by 1,120% to the long-anticipated price level.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Groestlcoin (GRS) is a rather strange sounding cryptocurrency that has been receiving quite a bit of interest lately.
It was launched back in March of 2014 as a proof-of-work coin just like Bitcoin, and like Bitcoin it was created as a payment and transactional cryptocurrency. It boasts having almost zero fees, the coin is semi-anonymous, and it is one of a few coins that remains ASIC-resistant.
However, can the coin compete with some of its newer rivals?
In this Groestlcoin review I will give you what you need to know about the project's technology, development and mining. I will also take a look at the long term growth potential of the GRS token and whether it could develop wider use cases and adoption.
Groestlcoin TechnologyGroestlcoin was created strictly as a peer-to-peer (P2P) payment cryptocurrency just like Bitcoin and Litecoin. That said, it has some unique attributes that distinguish it from Bitcoin and Litecoin.
Because of these unique attributes Groestlcoin was able to achieve several important “firsts” in the cryptocurrency ecosystem. It was the first coin to implement Segregated Witness and it was also the first to perform a Lightning Network transaction on the mainnet. That’s partially because the Groestlcoin development team has been active and hardworking since day 1, releasing major development updates every 3 months like clockwork.
Groestlcoin compared. Image via docroid
The developers have also created a wallet called Samourai that allows for anonymous Groestlcoin transactions. The wallet was created with support for Tor and VPN, it doesn’t recycle addresses, and has on-board AES-256 encryption. There’s also a stealth mode to the mobile application that causes it to disappear from your phone’s app list, launcher and home screen.
In addition to the Samourai wallet you’ll find a wallet for nearly any platform you could want. There are desktop wallets for Windows, Linux and OSX. There are mobile wallets for Android, iOS and Blackberry. And there are web based and ChromeOS wallets. For those who like using the same wallet on several platforms there’s the GroeslPay wallet.
Groestlcoin is also very proud of the fact that its transactions are nearly free. You can send 10,000 GRS and the cost will be far less than a penny ($0.00007 to $0.0003 as a matter of fact). The transaction cost varies based on the wallet you’re using, with the cheapest transactions coming from the Core Groestlcoin wallet.
Groestlcoin MiningWhen it comes to the hashing algorithm, the coin uses the Grøstl-512 mining algorithm, which is where it got its name. It is a less complex algorithm than Bitcoin's SHA-256. This means that it can still be mined on GPUs which makes it easier for home miners.
Groestlcoin uses two rounds of pure Grøstl-512 which makes it ASIC resistant. Currently, there are no ASICs that are in production to mine it. Apart from the benefits that this has for GPU miners, it also means that the coin is relatively more decentralised than its larger Bitcoin cousin.
The Groestlcoin developers have also created some simplified mining software which makes it easier for the community to mine GRS with their CPU / GPU. This is the Groestlcoin easyminer that was coded from the ground up and it has a number of useful features. You can follow these instructions if you want to set up the software on your PC.
Groestlcoin began with a mining reward of 512 GRS per block, with a halving occurring every week. That halving occurred until the block reward got to 5 GRS per block, which is where it is now and where it will stay until all GRS have been discovered.
There is a maximum supply of 105 million GRS and so far just over 72 million are in circulation. Groestlcoin has 1 MB blocks and block times of just 1 minute. This gives it 80 transactions per second, and the developers have said they will increase the block size if more transactions per second are needed.
Team MembersGroestlcoin was launched on March 22, 2014 by an anonymous developer with the username Gruve_P on the Bitcointalk forum. Since that time the team has grown to include over 20 dedicated individuals from all over the world. The team members remain anonymous, with most sharing only their first name and country of origin.
Some of anonymous Groestlcoin Team Members
While that might raise a red flag for some cryptocurrency projects, that hasn’t been the case for the Groestlcoin team. The fact that they have consistently released development updates every three months has given the team acceptance and trust from the cryptocurrency community.
That dedication is also what allowed Groestlcoin to be the first to implement SegWit and the first to conduct a mainnet transaction on the Lightning Network. More quick and impressive developments can be expected in the future too.
Community involvement is often a potent ingredient in the adoption of a cryptocurrency.
The Groestlcoin is quite an active and involved one. For example, there have been many calls for rebranding as the community doesn’t feel a cryptocurrency with such a strange name can enjoy widespread adoption, but so far it doesn’t look like any name-change is forthcoming.
Taking a closer look at the size of this community, they have over 38,000 Twitter followers, which isn’t bad and over 8,000 Facebook page likes, which is pretty large for a crypto project since Facebook isn’t really the platform for following cryptocurrency.
The platform that is for following cryptocurrency is Reddit, and you can see the enthusiasm for Groestlcoin when you look at the sub-Reddit for the project as it has over 100,000 followers. There are daily posts and loads of comments and at any time there will be several thousand followers online.
The GRS TokenNot surprising given the cryptocurrency markets, the price of GRS has been on a rollercoaster ever since its introduction in 2014. In fact, in a space known for volatility, GRS is far more volatile that most cryptocurrencies.
Everything was fairly calm in the early years, with the price of one GRS hovering between $0.002 and $0.003 until the beginning of 2017. That’s when the coin first broke out and volatility became the norm.
Register at Binance and Buy GRS Tokens
From early 2017 until July 13 the price went from $0.001 to a high of $0.41 before crashing. Over the next three months price declined steadily to reach $0.08 by October 22. And then it took off higher once again, reaching $0.85 in just 9 days! That spike came as cryptocurrency investors became increasingly interested in ASIC-resistant coins.
Price pulled back modestly in November, but then got caught up in the fever surrounding cryptocurrencies at the end of 2017, which took it to an all-time high of $2.69 on December 21, 2017.
During the 2018 bear market in cryptocurrencies GRS remained in fairly good standing, and even rallied in April and May. However, by February 2019 the price briefly touched levels below $0.20.
More recently price is seeing another jump, going from $0.25 on March 10, 2019 to $0.74 on March 11, 2019 after the Groestlcoin team announced the release of a GRS Mastercard debit card that can be used for purchases, or withdrawals at ATMs. Price has rapidly come off those highs, and as of March 17, 2019 it is at $0.416770.
GroestlPay mobile wallet features and benefits. Image Source
As mentioned earlier the Samourai wallet is a great place to store Groestlcoin, as is the GroestlPay wallet. One of the great things about Groestlcoin is you’ll find a wallet for nearly any platform you could want.
If you feel ready to buy some GRS you can find it on Upbit, Binance, and Bittrex and the liquidity on these exchanges is quite substantial. It’s also available on a number of other exchanges, but trading volumes are quite small on these.
Of course, if you have a reasonably powerful computer on you then you can always fire up the easyminer and start hashing for some GRS. Even with added competition the developers claim that mining GRS with a CPU / GPU is still profitable.
DevelopmentThere is one great rule of thumb that you can use in order to determine how much development work is being done on a project. This is to take a look into the project's GitHub repositories and see how much code has been pushed.
Moreover, given that Groestlcoin is an open-source project, their GitHub is fully public which makes it easy for the community to view the code. I decided to jump into their repositories and take a look at the number of commits they have pushed into their core, electrum and lightning repos.
Commits over past 12 months for chosen repositories
As you can see above, there has been extensive activity in these repositories. These are also only a small selection of the countless other repositories of the project. These are more commits than we have seen for a number of the newer coins that completed ICOs in the past 2 years.
As a point of comparison, Groestlcoin ranks 47 in commits to their core repo when compared to other projects. This places them above the likes of other privacy coins such as Monero (XMR) and Zcash (ZEC).
So, all together a very active project with a great deal of development taking place. This is perhaps understandable when placed in the context of their pretty extensive roadmap.
RoadmapThe Groestlcoin team keeps a pretty extensive roadmap with a detailed list of features and integrations that are due to be implemented. For example, below are just some of the upcoming features that they hope to releasing this year.
Upcoming features for 2019
Whether the developers will be able to meet these timelines I cannot be certain of. However, if you are to take a look into the updates that they have pushed over the past 5 years, they have broadly been in line with the Roadmap timeline.
There are also a number of other features that they have put on their 2019 Roadmap although these have not been given a specific timeline. The team also has a list of features and functions that they have placed in their development wish list.
Some of the most interesting of these include the likes of confidential transactions, Schorr signatures and atomic swaps. Confidential transactions will increase the privacy of the coin whereas Schnorr signatures will make these transactions more efficient. The off-chain atomic swaps will allow you to exchange GRS for other coins such as Bitcoin etc.
So, it seems as if there is a great deal that we can look forward to over coming year. Groestlcoin has also supplied a handy development progress page that you can use to monitor the stages of completion for the various updates that I have mentioned above.
ConclusionWhile it may not be in the top 100 cryptocurrencies, Groestlcoin has a solid history of development, and the team is working towards improving on Bitcoin and making a better peer-to-peer payment system.
The improvements so far include the nearly fee-less transactions of Groestlcoin, the continuing ASIC-resistance, and the continuing regular development to keep the cryptocurrency at the forefront of advancing blockchain technology.
One thing possibly holding the project back is its name, which isn’t user-friendly. If the team decided to re-brand and begin a marketing campaign it could be just what the project needs to catapult it into the top 100 cryptocurrencies.
This is especially true since they launched their Mastercard debit card, as this type of integration with the traditional financial systems is something needed for mainstream adoption. It’s just another sign of Groestlcoin being a first-mover.
Time will tell if they are able to capitalize on the advantage.
**December 2 Update** South Korean crypto exchanges Bithumb and Upbit announced the same day they will list Grostlcoin (GRS) as a "Trade Caution" project and suspend deposits simultaneously. DAXA, the self-regulatory body for Korean exchanges, noted in its review that the GRS project team failed to disclose sufficient key information impacting the token’s value. The project’s actual progress also showed multiple non-compliant issues, posing a potential risk of harm to investors.
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MXC, the native token of the Layer 3 blockchain platform Moonchain, surged as much as 247% recently, thanks to the reactivation of its mining program and a wave of ecosystem updates.
According to Coingecko data, Moonchain (MXC) reached an intraday high of $0.00525 on the morning of May 29, Asian time, pushing its market cap past $11.6 million. When writing, the token was up 675% from its lowest point this year, marking one of its strongest moves in 2025 so far.
MXC crypto also recorded a sharp uptick in trading activity, with daily volume spiking over 500% compared to the previous day, reaching nearly $22.5 million, signalling a flood of new interest and momentum.
What’s behind the rally? There are three main catalysts driving MXC’s breakout:
First, the Moonchain team officially reactivated MXC mining on its network using MatchX’s M2 Pro and NEO miners, following a temporary outage on May 21. This reactivation also came after a community poll conducted by MatchX on X on May 19, where 97.9% of participants voted in favor of resuming MXC mining.
For context, MatchX is a German tech company that builds low-energy mining hardware specifically for the Moonchain ecosystem. Their devices help power Moonchain’s data infrastructure and allow users to earn MXC by participating in its Proof of Participation (PoP) system.
Second, Moonchain teased the upcoming launch of its Initial Hardware Offering (IHO). This campaign will send out free physical mining devices, possibly wearables like smartwatches or rings, to Moonchain token holders using an Ethereum smart contract.
According to the project’s Q2 2025 roadmap, the IHO will also include “health-based” mining devices and limited-edition high-hash-rate models to reward users who lock up their tokens early. Distribution hubs are also being set up in key regions to ensure faster deliveries.
Third, Moonchain recently completed an integration with OKX Wallet, a leading multi-chain wallet in the Web3 space. The integration allows users to easily access Moonchain’s dApps, staking features, and token tools across mobile, browser, and Telegram.
With OKX Wallet’s support for over 1,000 protocols, the move better positions both existing and new users to engage with the ecosystem.
What Is Moonchain? For those unfamiliar, Moonchain is a Layer 3 blockchain platform that combines AI, IoT, and DePIN (Decentralized Physical Infrastructure Networks). Its native token, MXC, powers transactions within the network, supports an inter-chain NFT marketplace, and rewards participants via its energy-efficient Proof of Participation model.
The project also features MXProtocol and is building on Ethereum’s Layer 2 tech, including its own zkEVM, to improve compatibility with existing Ethereum-based apps. This positions Moonchain as a solid pick for developers working on real-world use cases, especially in smart devices and data-sharing networks.
MXC price outlook On the technical side, MXC has broken out of a multi-month descending channel, which often signals the start of a potential new uptrend. It also held above the key 61.8% Fibonacci retracement level at $0.0048 before cooling off to around $0.0041 at press time.
MXC price, MACD and RSI chart — May 29 | Source: crypto.news Momentum indicators support the bullish case. The MACD lines are crossing upward, and the Relative Strength Index is in the overbought zone, often a sign of sustained buying pressure and strong buyer conviction in an emerging uptrend.
However, overbought conditions can also bring short-term selling pressure if traders begin to lock in profits.
If MXC continues upward, the next likely target is around $0.0061, a key level it failed to reach in its earlier push. But if it drops below the $0.0030 support, it could slide further down toward the $0.00060 range, which is currently acting as a psychological support zone.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Moonchain is a token that has seen a big bullish wave recently and pumped over 300% in the past week. Investors are keen to see if there is more upside left to this token, as the crypto market in general, has a bullish sentiment these days.
Let’s find out the short-term and long-term price forecast in this Moonchain price prediction.
Table of Contents
What is Moonchain?Moonchain price predictionMoonchain coin price prediction: short-term outlookMoonchain price prediction 2025Moonchain price prediction 2030 Since its launch, Moonchain (MXC) has seen an all-time high of $0.030019, followed by a 1016.96% drop in price. At the time of writing, it is now trading at $0.002669, which is around a 328% decrease from its price of $0.011562, which was recorded four months ago in December 2024.
MXC 1d chart | Source: crypto.news In this article, we’ll discuss MXC price prediction by giving you its short-term and long-term price forecasts and exploring whether this token can continue its bullish run.
What is Moonchain? According to the project’s official whitepaper, Moonchain is designed to function as the Ethereum of artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), and the internet of things (IoT). Moonchain, in contrast to other blockchains, is specifically made to enable DePIN, AI, and IoT scalability. At the front of the Web3 revolution, our team of seasoned developers and blockchain specialists is pushing the envelope of what is feasible.
Its core features include:
IoT/DePIN Scaling: Making IoT and DePIN applications more scalable by utilizing the Moonchain (MXC) token as the infrastructure’s underlying base. Numerous Uses: Giving programmers the ability to create, test, and launch any application on the Moonchain Layer 3 blockchain. Advanced Features of Tokens: Using cutting-edge protocols like MEP-600 to enable Sensor Token Offerings (STOs) and NFT issuances for tangible assets Now let’s discuss MXC price prediction for this year and in the coming years as well.
What can be a realistic projection for the MXC token? Let’s dive into the MXC price prediction for 2025 and 2030.
Moonchain coin price prediction: short-term outlook According to CoinCodex’s Moonchain price prediction for the near future, the token is projected to drop by -0.58% and reach $0.002614 by July 2, 2025.
As of June. 3rd, 2025, the overall sentiment of the MXC price outlook has turned slightly bullish, with 13 technical analysis indicators showing bullish signals, 11 indicating bearish trends, and 10 indicators showing neutral forecasts.
Moonchain price prediction 2025 For the remaining months of 2025, DigitalCoinPrice predicts that the MXC token’s price could fluctuate between $0.0199 and $0.0487, and may likely hold a yearly average of $0.0440.
CoinCodex projects that the MXC token can trade in the price channel of $0.002542 and $0.002614 in 2025.
While the general sentiment in the financial markets is that 2025 will be the year of the bull, it is important to understand that this prediction also has a chance of being wrong. BTC has already breached the $100k mark, and there is a possibility that it may be at the top of this bull cycle.
Hence, it is advised to do your research before investing in MXC or any other cryptocurrency with the hopes of gaining on your investment in 2025.
Moonchain price prediction 2030 As per CoinCodex’s Moonchain crypto price prediction for 2030, MXC’s price could vary between $0.003633 and $0.003647.
DigitalCoinPrice expects that MXC’s price could climb to $0.11 or $0.12 by the end of 2030.
Before trusting any source that is trying to predict the MXC price prediction for 2030, you should understand that it is a cryptocurrency and, like all other tokens, the MXC token’s price can be highly volatile.
2030 is five years away, and many cryptocurrencies can become obsolete in that time. This is why it is hard to give a realistic price prediction for any token, including MXC. A great way for MXC to survive these five years and continue its ascent in the crypto market is to continue building its blockchain technology and partner with key players in the digital crypto space. You should research and keep yourself updated with the latest developments in the upcoming years to make an informed investment decision in the MXC token.
Is Moonchain a good investment? Before investing in any cryptocurrency, including MXC, please identify and understand the inherent risks that can come due to market volatility. Also, it should be noted that the sentiment in the cryptocurrency market changes quickly, and a token that was once considered the future may also be delisted from major exchanges. Hence, it is advisable to do your research on the token’s fundamentals before having any price expectations for the future of the MXC token.
Will Moonchain go up or down? Cryptocurrencies in general experience rapid price swings that are directly driven by market sentiments, community engagement, events like token burns, and so on.
While it is hard to determine how high the MXC token will go, it is important to look out for potential buying factors that may include new partnerships, increased token holders, or viral campaigns in general.
It is also vital that you rely on financial experts and consult them for Moonchain price prediction, but even after all that, you should remain cautious, as no one can accurately predict how high or low MXC can go.
Should I invest in Moonchain? Before investing in any cryptocurrency or trusting any Moonchain price forecast, please identify and understand the inherent risks that can come due to market volatility. Also, it should be noted that cryptocurrencies in general are a highly speculative investment, and their success not only relies on market volatility but also on the constant and sustainable growth of their community. Hence, it is advisable to do your research on the token’s fundamentals, which may very well decide the future of the MXC token.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
