Analyst notes Pepe coin price is eyeing a 103.77% rally, targeting a new all-time high of $0.000028364 in the coming weeks. According to markets expert @LLuciano_BTC, a notable fractal pattern emerged on the one-day chart that indicates if history rhymes, the price of PEPE could rally past previous highs. The bullish structure was accompanied by a 40% surge in derivatives trading volume, which saw them reach $2.4 billion. Pepe Coin Price Eyes $0.000028364 ATH, Says Expert As per a Pepe Coin price analysis by @LLuciano_BTC, PEPE is positioned for a potential rally towards its previous all-time high of $0.00002825, a move that could spark a 103.77% breakout to a new ATH at $0.000028364. The meme token is currently trading just below a key resistance zone, consolidating within a broadening wedge. This bullish continuation pattern forms in trending markets and typically precedes sharp upward price expansions once the asset breaches the… Read More at Coingape.com
As the Bitcoin 2025 conference unfolds in Las Vegas, New York City Mayor Eric Adams has announced that the city will issue Bitcoin-backed financial instruments. Specifically, Adams says he will do everything in his power to launch BitBonds in New York, cementing the city’s place in the global financial renaissance. New York Targets BitBonds To Attract Investors NYC Mayor Eric Adams says the city will be the first to launch Bitcoin-backed municipal bonds for investors. Adams unveiled the plans in a keynote address at the Bitcoin 2025 summit, sharing plans for a wave of financial instruments backed by Bitcoin. Dubbed BitBonds, the NYC mayor says the incoming financial instrument will cater to a growing investor demographic in the city. Adams confirmed that BitBonds will become the go-to financial tool for Bitcoin holders in New York City. HUGE BREAKING: NEW YORK CITY MAYOR SAYS HE WILL BE THE 1st CITY IN… Read More at Coingape.com
Solana whales are showing no signs of slowing down after two entities waded in to scoop significant amounts of SOL tokens. SOL Strategies and DeFi Dev Corp have increased the size of their holdings by a combined 200,000 SOL.
SOL Strategies Load Up Their Holdings With 122,524 SOL
Canadian investment firm SOL Strategies has announced the purchase of 122,524 SOL to continue its accumulation spree of the Solana native token. According to a press release, Sol Strategies acquired its latest tranche at an average price of $148.96 per token, splurging $18.2 million on the purchase.
The latest purchase follows the unveiling of a $500 million convertible note to buy SOL at the end of April. Per the company statement, the purchase is the first tranche flowing from the $500 million raise, with the company hinting at a future accumulation.
“With the closing of our initial $20 million tranche for the ATW facility, we’re executing exactly as promised – strategically acquiring SOL to expnd our validator operations and ecosystem position,” said SOL Strategies CEO Leah Wald.
The company CEO disclosed that the purchases will bring it one step closer to the goal of investing in Solana-based technology. Consequently, SOL Strategies’ total holdings stand at 391,782 SOL, valued at $55.6 million at current prices.
DeFi Dev Corp Acquires 82,404 SOL In Accumulation Spree
Publicly traded firm DeFi Dev Corp is matching the appetite of SOL Strategies to acquire 82,404 SOL. The company announced the purchase via a press release, splurging $11.2 million on the purchase.
The purchase brings DeFi Dev Corp’s total holdings to 400,091 SOL with a valuation of around $58.5 million. However, DeFi Dev Corp says the newly acquired tokens will be staked on its validators, earning native yield for investors.
As a result of the company’s latest purchase, speculation of a growing SOL arms race with SOL Strategies is brewing in cryptocurrency circles.
Solana Price Outlook Amid The Wave Of Institutional Interest
Data from CoinMarketCap reveals a bland reaction to the sizable purchases by SOL Strategies and DeFi Dev Corp. Over the last day, Solana price has shed nearly 2% to trade at $143, but monthly gains currently exceed 24%.
SOL price is holding up well above the $140 mark, riding the wave of Solana-based PumpFun flipping Ethereum in fees. However, Solana price has shown flashes of a potential rally, given a spike in daily trading volume by 18% to settle at $2.41 billion.
A Coingape article predicts Solana’s price to reach $750, but a low-hanging fruit is a short-term rally to clinch $300.
Ripple’s recently acquired Hidden Road has secured a broker-dealer license from the Financial Industry Regulatory Authority (FINRA). This marks a significant milestone in expanding its prime brokerage services for institutional investors.
Market watchers see it as a deliberate strategy by Ripple to build infrastructure and position itself for future growth. That being said, traders are expecting that XRP’s value will rise later.
Ripple Expands Institutional Presence with Hidden Road’s FINRA License
According to the latest press release, Hidden Road Partners CIV US LLC was granted approval. The license now enables the firm to provide a broader suite of regulatory-compliant services, including clearing, financing, and prime brokerage for fixed-income assets to institutions.
Noel Kimmel, President of Hidden Road, highlighted that the license was a pivotal development for the company. According to him, it enhances Hidden Road’s ability to operate in traditional financial (TradFi) markets.
“As a FINRA member, we will be able to bring our best-in-class, technology-driven fixed income service offering to an expanded universe of institutional clients. Our business has tremendous momentum, and we look forward to continuing to provide superior execution and support to our clients amidst today’s exceptionally dynamic market environment,” Kimmel said.
The move positions Ripple as the first cryptocurrency company to own a global, multi-asset prime broker. Experts believe the acquisition and subsequent license are part of a broader strategy Ripple is employing.
“Hidden Road just secured a broker-dealer license right after Ripple’s acquisition. This isn’t a coincidence, it’s a statement. XRP is not playing checkers. It’s playing regulatory chess,” an analyst wrote on X (formerly Twitter).
Is Ripple Behind XRP’s Low Price? Analyst Thinks So
In fact, analysts also claim that XRP’s neutral reaction to recent milestones isn’t a sign of weakness but rather a strategic move. In a recent analysis, crypto analyst Levi argued that the current price of XRP, hovering around $2, is not coincidental, but rather a result of Ripple’s deliberate approach.
He suggested that the low price is designed to allow Ripple to operate under the radar while making key strategic moves, such as the Hidden Road acquisition.
“Hidden Road isn’t a flex. It’s infrastructure. It’s the final puzzle piece — giving Ripple a fully integrated, lightning-fast, global value settlement system,” he stated.
The analyst emphasized that while the public focused on Ripple’s legal battles with the SEC, the company quietly built its global value settlement system behind the scenes.
“XRP at $2 isn’t undervalued — it’s deliberately suppressed. When the switch flips, the revaluation won’t be gradual — it’ll be instant,” Levi noted.
