Cardano’s price has surged 10% over the past 24 hours, riding the wave of a broader crypto market rally to reach a two-month high.
The sharp move upward has pushed ADA to levels last seen in early March and has reignited bullish sentiment among spot and derivatives traders.
Cardano’s 10% Pump Sparks Surge in Profitable Supply
On-chain data from Santiment reveals that Cardano’s double-digit rally has boosted the percentage of its supply in profit. As of this writing, approximately 74.14% of ADA’s circulating supply—equivalent to 26.91 billion tokens—is now held at a profit.
Cardano Percent of Total Supply in Profit. Source: Santiment
When an asset’s profit supply spikes, it means that a significant portion of its circulating supply is now worth more than when it was acquired. Historically, a rise in profit supply correlates with renewed accumulation and often hints at further upward momentum as market sentiment improves.
Moreover, in the ADA derivatives market, the coin’s funding rate remains firmly positive, indicating that traders are increasingly taking long positions in anticipation of continued gains. This is currently at 0.0099%.
The funding rate is a recurring payment between traders in perpetual futures contracts, designed to keep the contract price aligned with the spot market.
When positive like this, traders holding long positions are paying those with shorts, indicating bullish sentiment and expectations of further price increases.
ADA Rally Gains Steam, but Profit-Taking Could Threaten $0.76 Support
With technical indicators flashing bullish and sentiment strengthening, ADA buyers have regained control, at least for now. If buying pressure strengthens and bull dominance remains, ADA could maintain its upward trend and rally to $0.84.
However, once buyers’ exhaustion sets in and traders begin to lock in their soaring profits, ADA could break below the support at $0.76 and fall toward $0.66.
Tron (TRX) continues to trade in a tight range around $0.27, with technical indicators pointing to a market in consolidation. Momentum has faded, as shown by a weakening ADX and a neutral RSI hovering near 50, signaling indecision among traders.
The token faces resistance at $0.274 and support at $0.256, with a breakout or breakdown likely to set the next directional move. Meanwhile, SunPump’s new CEX Alliance aims to boost TRON’s meme coin ecosystem, but on-chain activity and revenue remain subdued despite the initiative.
SunPump Launches CEX Alliance, But Platform Activity Remains Low
The alliance brings together several centralized exchanges, including BitMart, Poloniex, LBank, and others, to streamline listing procedures and amplify marketing efforts for promising projects with stable on-chain performance and market caps over $500,000.
Through coordinated campaigns, social exposure, and access to trading events, the initiative seeks to bolster meme coin visibility and foster growth within the TRON network.
SunPump Tokens Created Daily and Cumulative. Source: Dune.
However, SunPump’s on-chain metrics paint a more muted picture. Despite the recent announcement, the platform has seen only around 98,300 token launches in total over the past nine months—a figure that Pump.fun often surpasses in less than a week.
Activity on the platform remains subdued, and revenue generation has been underwhelming, with daily earnings frequently falling below $1,000 in recent weeks.
While the CEX Alliance may introduce more exposure and credibility, SunPump’s ability to scale user participation and on-chain performance remains a critical challenge going forward.
TRX Enters Sideways Phase as Trend Strength Weakens
Tron’s Directional Movement Index (DMI) currently shows a weakening trend, with the Average Directional Index (ADX) falling to 11.68 from 24 just three days ago.
The ADX measures trend strength on a scale from 0 to 100, where readings above 25 suggest a strong trend—either up or down—while values below 20 indicate a weak or non-trending market. Alongside the falling ADX, the positive directional indicator (+DI) has declined to 20.74 and the negative directional indicator (-DI) to 15.41, both down significantly from earlier levels.
RSI is a momentum oscillator that ranges from 0 to 100, with values above 70 indicating overbought conditions and below 30 signaling oversold conditions. An RSI near 50 typically reflects balance between buying and selling pressure—suggesting that the market is in equilibrium.
With both DMI and RSI pointing to a lack of strong conviction from either bulls or bears, TRX is likely to remain range-bound in the short term unless a clear catalyst shifts sentiment.
Tron Price Consolidates: Will $0.274 Breakout or $0.256 Breakdown Come First?
Tron has been trading steadily around the $0.27 level over the past week, with its EMA lines pointing to ongoing consolidation.
The token recently failed to break through the $0.274 resistance, which remains a key short-term hurdle.
A successful breakout above that level could open the door for a move toward $0.279 and $0.282, potentially setting up a larger rally to reclaim the $0.30 mark for the first time since December 2024.
However, such a move would likely require renewed momentum and a shift in market sentiment.
On the downside, TRX faces important support at $0.256. If bearish pressure increases and that level is breached, the price could slip further to $0.250, and in a more extended pullback, even test $0.243.
The current setup suggests a market in wait-and-see mode, with traders closely watching for a decisive move in either direction.
The Solana-based memecoin MELANIA, named after US First Lady Melania Trump, is under growing scrutiny after a series of large token sales linked to the project’s team.
On May 3, blockchain researcher EmberCN revealed that project-linked wallets offloaded nearly 10 million MELANIA tokens in just eight days.
MELANIA-Linked Wallets Offload $23 Million in Tokens Since March
These sales amounted to nearly $4.6 million, raising strong concerns over the project’s long-term viability and team motives.
According to EmberCN, the sales followed a Dollar-Cost Averaging (DCA) strategy alongside unilateral liquidity provision. These techniques allowed the project to reduce price impact while quietly exiting large positions.
Notably, this is not the first time the project has utilized this approach. In April, the same wallets sold 3 million tokens in exchange for about 9,009 SOL—roughly $1.2 million at the time—employing a similar liquidation approach.
Meanwhile, these selling activities have been ongoing for a long time. Since mid-March, the wallets have quietly liquidated around 41.67 million MELANIA tokens for around 170,000 SOL, worth approximately $23 million.
EmberCN pointed out that most of these proceeds appear to have been converted to USDC and withdrawn. This suggests an ongoing effort by the project’s team to exit their significant positions in the token.
The repeated and large-scale token sales by wallets tied to the project have fueled suspicions among holders.
Many now question whether the meme coin was ever designed for long-term utility or merely crafted to capitalize on the name recognition of the US first lady.
MELANIA launched in January 2025 amid media buzz, spurred by its branding and the timing of President Donald Trump’s inauguration. However, that early momentum has rapidly faded amid a broader market lull that significantly impacted meme coins.
According to BeInCrypto data, the token trades at roughly $0.38, down more than 6% over the past day and 31% in the last seven days.
The crypto market is facing massive volatility today, and amid this noise, some meme coins are able to pick up pace on recovery. One such coin is said to have ties with Tesla founder and US Department of Government Efficiency (DOGE) head Elon Musk.
BeInCrypto has analyzed two other meme coins for investors to watch and note which direction they are taking.
Retard Finder Coin (RFC)
Launch Date – March 2025
Total Circulating Supply – 961.43 Million RFC
Maximum Supply – 1 Billion RFC
Fully Diluted Valuation (FDV) – $39.83 Million
RFC price surged by 141% over the past 24 hours, continuing its uptrend this week. The meme coin gained attention after Elon Musk’s interactions with its official X (formerly Twitter) page. This triggered a speculative surge in interest, helping RFC capitalize on the increased attention and rising market sentiment.
Musk’s indirect association with Retard Finder Coin has sparked speculation, although no direct evidence confirms his involvement. Despite this uncertainty, RFC’s price has risen to $0.040. If the speculation continues, the altcoin could see further gains, potentially reaching the $0.050 resistance level in the short term.
Despite its recent rise, RFC remains a meme coin with inherent volatility. The altcoin faces the risk of rapid selling by investors, which could lead to a quick price pullback. If this occurs, RFC might fall to $0.030 or even $0.020, making it crucial for investors to approach with caution.
Fartcoin (FARTCOIN)
Launch Date – October 2024
Total Circulating Supply – 999.99 Million FARTCOIN
Maximum Supply – 1 Billion FARTCOIN
Fully Diluted Valuation (FDV) – $588.26 Million
FARTCOIN saw a 32% rise in the last 24 hours, trading at $0.591. The meme coin is now nearing the resistance level of $0.600. If this momentum continues, FARTCOIN could break through this barrier and continue its upward movement, heading toward new highs in the coming sessions.
In the past, the $0.600 resistance has halted FARTCOIN’s rally, preventing further price gains. However, if the current bullish trend persists, FARTCOIN could overcome this barrier and rise toward $0.693. This level marks the next target for the altcoin, supported by positive market sentiment and strong investor interest.
If the resistance level proves too strong, FARTCOIN may experience a pullback. A failure to breach $0.600 could lead to a decline back to $0.417 or even lower, erasing recent gains. This scenario would invalidate the bullish outlook and extend the downtrend if selling pressure intensifies.
Mog Coin (MOG)
Launch Date – July 2023
Total Circulating Supply – 390.5 Trillion MOG
Maximum Supply – 420 Trillion MOG
Fully Diluted Valuation (FDV) – $135.64 Million
MOG price surged by 25% in the last 24 hours, providing relief after a steep 50% decline during March’s end. This recovery signals the potential for further growth as the meme coin attempts to regain momentum and distance itself from recent losses. The recent rise could lead to more positive movements.
At the time of writing, MOG is trading at $0.000000346, just below the key resistance level of $0.000000370. If it breaches this level, MOG could gain enough momentum to push toward $0.000000433. This breakthrough would mark a significant recovery and extend its upward trend further in the coming days.
However, if MOG fails to breach $0.000000370, the altcoin may experience a decline. The next major support lies at $0.000000273, and if this level is tested, it could wipe out recent gains. In such a scenario, the bullish outlook would be invalidated, signaling a continued struggle for the meme coin.
