CryptoQuant data shows that Bitcoin whales sent over 61,000 BTC to exchanges on July 17—the largest single-day inflow in a year.
This sudden surge in whale deposits coincided with a sharp drop in Bitcoin dominance, raising questions about whether capital is rotating into altcoins.
Whale Activity Suggests Bitcoin Is Consolidating
According to data from CryptoQuant, 32,300 BTC flowed into exchanges in just one hour on July 17. That followed two earlier transfers of 15,800 BTC and 13,400 BTC from wallets holding over 100 BTC.
These large movements typically signal profit-taking, especially after Bitcoin hit a new all-time high of $123,000 on July 14.
Following the whale inflows, Bitcoin price pulled back and is now trading between $117,000 and $118,000.
Bitcoin Whale to Exchange Flow. Source: CryptoQuant
Most importantly, the timing aligns with a steep decline in Bitcoin dominance, which fell from 64% to 60% between July 17 and July 21.
A falling dominance metric often indicates that investors are rotating out of Bitcoin and into altcoins. This trend is one of the earliest signs of an emerging altcoin season.
When Bitcoin stabilizes and capital flows into Ethereum, Solana, and mid-cap tokens, altcoins tend to outperform.
Bitcoin’s short-term outlook now leans toward consolidation. If whales continue to sell, further downside pressure is possible.
However, current price support around $115,000 remains intact for now.
Meanwhile, the altcoin market is gaining strength. Ethereum, XRP, and Solana have posted double-digit gains in the past week. The meme coin market cap alone has surged 8% today, nearing $90 billion.
The Altcoin Season Index also climbed from 32 to 56, further supporting the shift in market momentum.
In summary, whale activity appears to be cooling Bitcoin’s rally while quietly fueling altcoin gains. The next move depends on whether buyers absorb the sell pressure or if another wave of whale selling occurs.
Overall, this is a cooling-off period for Bitcoin and the beginning of momentum for altcoins. Keep watching whale flows and BTC.D for confirmation of the next phase.
Unstoppable Domains, a global leader in Web3 digital identity, and XYO, a leader in infrastructure layer for the DEPIN economy, today announced the launch of two groundbreaking top-level domains, .DEPIN and .XYO. Designed to accelerate the growth of the rapidly emerging DePIN (Decentralized Physical Infrastructure Network) sector, these domains offer users verified, onchain identities tied directly to real-world infrastructure and data systems.
The launch coincides with a major inflection point for the DePIN industry, which has reached a total market capitalization of approximately $18.8 billion. These networks reward individuals with cryptocurrency for contributing resources like storage, bandwidth, or location data, enabling decentralized alternatives to traditional infrastructure models.
Markus Levin, Co-founder of XYO, emphasized the shift toward utility-driven crypto models: “The next wave of crypto innovation won’t be driven by hype or complexity — but by real-world utility. With DePIN, blockchain fades into the background while data and decentralized resources become the new gold. .DEPIN and .XYO domains give people a verified onchain identity to actively shape the future of decentralized infrastructure.”
As the first DePIN operating system, XYO already empowers millions to contribute verifiable location data via XYO Nodes. The new .XYO domain will give users a direct gateway to the XYO ecosystem, while .DEPIN provides a broader foundation for builders and contributors across the entire DePIN category.
Sandy Carter, COO of Unstoppable Domains, added: “With .DEPIN and .XYO, we’re making onchain participation intuitive, secure, and personal. These domains allow people to own their identity within the growing decentralized infrastructure stack. Our next step — taking these domains to ICANN — reflects our commitment to bridging the gap between Web2 and Web3 naming systems.”
By moving to take both .DEPIN and .XYO through the ICANN application process, Unstoppable Domains and XYO aim to bring decentralized digital identity into the global domain name system — laying the groundwork for mainstream adoption.
Launched in 2018, Unstoppable Domains is an ICANN-accredited registrar and leading digital identity platform dedicated to onboarding the world onto DNS and Web3. Unstoppable Domains provides Web3 domains minted on the blockchain, empowering individuals with full ownership and complete control over their digital identities, with no renewal fees. Users can replace lengthy alphanumeric crypto wallet addresses with easy-to-remember human-readable domain names, streamlining their interactions with apps, wallets, exchanges, and marketplaces. Recognized by Forbes as one of America’s Best Startup Employers for four consecutive years—2022, 2023, 2024, and 2025—Unstoppable Domains has rapidly grown, boasting over 4.2 million registered domains.
About XYO
Founded in 2018, XYO is the first DePIN and one of the largest, with over 10 million nodes. XYO collects and validates real-world data, connecting Web3, Web2, and industries like AI and geolocation. Their Proof of Location and Proof of Origin technologies power real-world asset tracking, DePIN solutions, and interactive gaming experiences. XYO created the COIN app to drive network growth, and their XYO token is listed on major exchanges like Coinbase. In addition to the XYO Foundation, they founded XY Labs Inc., the first crypto company in the U.S. to gain SEC approval for a Regulation A offering, allowing both accredited and non-accredited investors. XY Labs is also one of the first to tokenize and list its shares, trading under $XYLB on tZERO ATS, leading the charge in the RWA wave.
Dego Finance (DEGO) price took to a free fall amid community FUD (fear, uncertainty, and doubt) following an announcement on Wednesday, June 4.
The announcement involved USD1 stablecoin, launched by the Trump family’s World Liberty Financial.
DEGO Price Drops 60%: What Caused The Crash?
The DEGO price, the native token of Dego Finance, dropped nearly 60% following the project’s announcement that it would support USD1, a stablecoin by World Liberty Financial (WLFI), as part of a new liquidity initiative on the BNB Chain.
“We’re officially purchasing $USD1 World Liberty Financial as a liquidity reserve and supporting the liquidity program launched by World Liberty Financial (WLFI) on BNB Chain. This move reflects our commitment to building a stronger DeFi ecosystem — and exploring deeper collaborations with USD1 as we assemble the decentralized LEGO of Web3,” read the announcement.
The team framed the move as a strategic step to strengthen DeFi infrastructure. Notwithstanding, the market reaction was swift and brutal.
This drop suggests fear and confusion among holders. Some community members supported the rationale behind the decision, but acknowledged why the move was concerning.
“Team adding liquidity of DEGO on USD1 allows users to trade DEGO with a stablecoin, improving market access and price stability… by chance this liquidity creates FUD,” one user noted.
In crypto, adding liquidity typically means providing a pool of assets, such as DEGO paired with USD1 to a decentralized exchange (DEX) to facilitate trading.
This should make it easier for users to buy and sell DEGO without relying solely on other volatile cryptos, potentially stabilizing its price. However, several factors likely contributed to the FUD.
If USD1 itself lacks organic usage and is propped up by a few large players (likely market makers or the team behind it), this could create skepticism among DEGO investors.
Therefore, investors might worry that the liquidity pool for DEGO/USD1 is artificial or manipulated. Such concerns could lead to uncertainty about the true value of DEGO.
The market perceives that USD1 is not widely adopted or trusted, making pairing DEGO with it a risky or questionable move, hence the FUD.
Dego Finance Assures Community Amid Panic
Against this backdrop, there are concerns that DEGO may be a scam project, highlighting growing distrust among certain retail investors.
Addressing community fears, Dego Finance released an official statement on Thursday, June 5, following a sharp selloff to calm investor nerves.
“We’re aware of the recent price volatility following the announcement on June 4th, which has understandably caused concern across the community. First and foremost, we want to emphasize: there have been no changes to DEGO’s fundamentals, tokenomics, or long-term vision,” Dego Finance explained.
The team attributed the price drop to short-term market sentiment rather than any underlying flaw in the project.
“The sell-off appears to be driven by short-term market reactions, and we are actively reviewing both on-chain data and external factors to ensure transparency,” the team explained.
Dego Finance committed to working closely with “key partners and exchanges to maintain stability.” The project also emphasized that its long-term mission remains intact: to build a resilient, decentralized incubator driving innovation in DeFi, AI, and Meme culture.
The company also promised upcoming updates and developments, urging the community to stay engaged as more information becomes available.
Meanwhile, it is worth noting that this is not the first time DEGO has suffered a steep price crash. In 2021, the token fell by 51% in just three minutes after being listed on Binance Launchpool. Reportedly, the cause of that drop remains unclear to this day.
In 2021, the token of $DEGO Finance, which was launched on @binance Launchpool, suddenly plummeted within just a few minutes.
