SafeMoon’s price has climbed over 25% in the past week amid the broader market volatility. This double-digit price gain has been fueled by the uptick in the token’s demand following the project’s migration from BNB Chain to Solana.
However, profit-taking and increased selling pressure are now threatening to erase some of SFM’s recent gains. This analysis provides the details.
SafeMoon Battles Growing Sell-Offs
An assessment of the SFM/USD one-day chart highlights the growing selling pressure within SFM’s spot markets. A notable indicator of this trend is the token’s negative Balance of Power (BoP), which is at -0.96 at press time.
An asset’s BoP indicator compares buyers’ and sellers’ strengths by analyzing price movements within a given period. When its value is negative like this, it indicates that sellers have more control, meaning downward pressure is stronger, and the asset is likely experiencing a bearish trend.
This suggests weakening bullish momentum among SFM holders and hints at declines if selling pressure continues.
Furthermore, SFM’s price has dropped 8% over the past 24 hours, causing the altcoin to trade near its 20-day exponential moving average (EMA).
This moving average measures an asset’s average price over the past 20 trading days, giving more weight to recent prices to identify short-term trends.
As with SFM, when an asset’s price is poised to break below the 20-day EMA, it signals increased selling pressure. It is a sign of weakening bullish momentum and a shift toward a bearish trend.
SFM Finds Key Support at $0.000061
A successful breach of the dynamic support offered by SafeMoon’s 20-day EMA at $0.000061 would strengthen the bearish trend. In this scenario, the altcoin’s price could plummet further to $0.000047.
However, a spike in new demand would invalidate this bearish outlook. If spot inflows rally, it could drive SFM’s price above the resistance at $0.000068 toward its multi-year high at $0.000011.
US Treasury Secretary Scott Bessent was sharply questioned today by the House Financial Services Committee about Trump-affiliated World Liberty Financial (WLFI) and its new USD1 stablecoin. Congressional Democrats questioned Bessent whether no-interest stablecoins linked to Trump’s crypto ventures could mask hidden subsidies.
Bessent Scrutinized Over President Trump’s World Liberty Financial
World Liberty Financial, founded in 2024 with close Trump‑family ties, raised about $550 million in late 2024 by selling its governance token. The Trump family is entitled to roughly 75% of net revenues.
In March, WLFI launched USD1, a dollar‑pegged token backed by US Treasuries and cash equivalents.
Within weeks, Abu Dhabi’s state‑backed MGX agreed to deploy $2 billion of USD1 on Binance, instantly pushing USD1 into the top tier of stablecoins by market cap.
Rep. Brad Sherman noted that at a 4% market rate, the deal effectively grants WLFI and its Trump owners an $80 million annual subsidy. He asked whether this “interest‑free loan” should count as hidden support.
“Abu Dhabi just announced that they were going to give $2 billion to a stablecoin put forward by World Liberty Financial, and it pays no interest. So you and I are both finance people. Just want to check my math, assuming a 4% rate of return. Is this interest‑free loan of $2 billion worth $80 million every year to WLFI and its Trump owners?” Sherman said.
To his knowledge, Bessent said he had not reviewed the token’s expense ratio and maintained that no stablecoins pay interest. He added that no regulator has formally labeled such purchases as hidden subsidies.
Lawmakers warned this structure could mask political favors. They urged the Treasury to clarify when stablecoin deals cross into improper support.
The hearing drew on a New York Times investigation. That report revealed secret multimillion‑dollar “endorsement” pitches under the Trump name, sales to foreign firms, and policy shifts benefiting WLFI.
It said WLFI crossed the boundary between private enterprise and government policy without precedent.
“In a statement, a spokeswoman for President Trump noted that his assets are in a trust managed by his children. And as a result, there are no conflicts of interest. The trust still benefits President Trump directly,” the NY Times report claimed.
Democrats on the committee said they will pursue legislation that requires full expense‑ratio disclosures for stablecoins. They also want to ban no‑interest structures that serve as de facto subsidies.
Such rules, they argue, are vital to ensure transparency and prevent conflicts when politically connected firms enter crypto markets.
BeInCrypto has reached out to World Liberty Financial to understand their stance on such allegations and scrutiny.
Japanese Corporation Metaplanet has announced the appointment of Eric Trump, son of US President Donald Trump, as the inaugural member of its newly established Strategic Board of Advisors.
The announcement made on March 21 highlights Metaplanet’s strategic intent to strengthen its influence within the global Bitcoin economy.
Eric Trump Joins Metaplanet to Strengthen Bitcoin Strategy
According to the official statement, Eric Trump’s appointment aims to leverage his vast experience in real estate, finance, brand development, and strategic business growth. Beyond his business credentials, Eric Trump has positioned himself as a key advocate for digital assets and blockchain innovation.
“His business acumen, love of the Bitcoin community and global hospitality perspective will be invaluable in accelerating Metaplanet’s vision of becoming one of the world’s leading Bitcoin Treasury Companies,” said Metaplanet CEO Simon Gerovich.
Alongside Eric Trump, Metaplanet’s Strategic Board of Advisors will include other renowned industry leaders and financial experts. These individuals will remain committed to advancing the company’s Bitcoin mission and fostering financial innovation in the digital asset sector.
The appointment comes as Metaplanet intensifies its Bitcoin investment strategy. On March 18, the company announced the issuance of 2 billion yen ($13.4 million) in zero-coupon ordinary bonds. The proceeds will be dedicated to acquiring more Bitcoin.
This aligns with Metaplanet’s ambitious roadmap. The company aims to amass 10,000 Bitcoins by the end of this year and 21,000 BTC by the close of 2026.
According to the latest data from Bitcoin Treasuries, Metaplanet currently holds 3,200 BTC, acquired at an average cost of $83,107 per coin. While this has resulted in a modest 1.8% profit, the firm remains vulnerable to Bitcoin price fluctuations.
The company faced potential losses multiple times in March 2025, when Bitcoin’s price fell below its acquisition cost. In fact, last week, Bitcoin dipped as low as $76,555—its lowest price since November 2024—putting downward pressure on Metaplanet’s portfolio. Nonetheless, the market has seen a slight recovery since.
At the time of writing, Bitcoin was trading at $84,414. According to BeInCrypto data, this reflected a 1.54% decline over the past 24 hours. This offers a narrow margin of safety for Metaplanet’s holdings but underlines the ongoing volatility of the cryptocurrency market.
Bittensor’s (TAO) subnet ecosystem continues to capture attention with its impressive performance amidst broader market volatility. The market cap has shown substantial growth. Additionally, the total number of subnets has increased threefold over the past year. At present, there are 95 subnets on the network.
Interestingly, the top three subnet tokens—Chutes (SN 64), Gradients (SN 56), and Targon (SN 4)—have posted strong monthly gains. While the momentum has slowed recently, the tokens’ fundamentals and community support remain important factors for consideration.
Chutes
Chutes is a serverless AI compute subnet on Bittensor. The platform offers tools for deploying AI models directly through their platform or via an API, making it simple for developers to integrate AI into their applications without needing to manage the underlying infrastructure.
In terms of performance, the token’s price has increased by approximately 170% over the past month. Since late March, the subnet token has seen a substantial rally, driving its market capitalization to surpass $100 million.
“Bittensor TAO has its first $100 million subnet, just 9 weeks after dTAO launch. Congrats Chutes (SN64)! Chutes is ‘serverless AI’ providing ‘instant on’ AI model hosting (DeepSeek, Mistral, etc.) for 85% less cost than AWS,” a user highlighted on X.
Nonetheless, the high was followed by a slight correction. Since mid-April, the token has been trading more steadily. At press time, it traded at $115.4 (0.35 TAO), representing a weekly decline of 12.1%. In addition, its market cap has also dipped to $93.7 million.
Chutes (SN 64) Token Performance. Source: Tao Stats
It is worth noting that Chutes is one of three subnets developed by Rayon Labs on Bittensor, alongside Gradients and Nineteen. The former is next on the list.
Gradients
The Gradients subnet is designed to make AI model training accessible to everyone. It leverages the Bittensor network’s decentralized infrastructure, allowing users to easily train AI models with minimal effort, even without prior AI knowledge. Its latest version (V3) was launched on April 15.
Wanted a comparison? You’ve got it.
TLDR: Gradients is cheaper AND better.
Some come close to the performance (Google Vertex) but at high cost per hour.
Some come close to the cost (togetherai) but not even close to the performance.
Impressively, its gains even surpass Chutes. Its price has appreciated by over 550% in the last month.
“Gradients has pumped 500%+ in just a couple of weeks,” an analyst observed on April 2.
Yet, much like Chutes, the subnet token also saw a correction, which caused it to shed 30.7% of its gains over the past week. At press time, Gradients’ trading price stood at $54.1 (0.16 TAO).
Gradients (SN 56) Token Performance. Source: Tao Stats
Despite this, the community’s optimism remains quite strong.
“Subnets created by Rayon Labs now account for over a quarter of emissions on Bittensor. This is what happens when a world class team builds with conviction and actually delivers. The network rewards those shipping real products and bringing real value,” the analyst added.
Targon
Lastly, the Targon subnet is a decentralized infrastructure within the Bittensor network, specifically designed to support a marketplace for digital commodities related to AI. As a decentralized system, Targon enables AI models to interact, process, and generate information across various data types and formats without relying on a centralized authority.
“Targon stands out as one of the strongest subnets in the ecosystem,” a user claimed.
Nevertheless, the subnet token has seen the smallest gains compared to its counterparts. Its value has appreciated by around 60% over the course of the last month. It faced a correction in early April. After a slight recovery, the declines resumed.
Targon (SN 4) Token Performance. Source: Tao Stats
At press time, the token’s price was $52.4 (0.15 TAO), a downtick of 19.3% over the past seven days.
As more developers and businesses explore decentralized AI solutions, Bittensor’s ecosystem is likely to expand. The ongoing evolution of these subnets will be crucial in shaping the future of AI infrastructure, and monitoring future developments could likely reveal new opportunities within the decentralized AI market.
