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More than 30 million BGB tokens set to burn! Bitget, the premier cryptocurrency exchange and Web3 platform, will execute a burn of 30,001,053.1 BGB tokens, amounting to 2.56% of the total supply, for Q2 2025, approximately worth $138 million at the average price in Q2 2025. With this, more than 5% of the total BGB
The post Bitget Burns Over 30 Million BGB Tokens Worth $138M in Q2 2025 Ecosystem Push appeared first on CoinGape.
The Solana-based meme coin FARTCOIN has emerged as an unlikely outperformer over the past month. The altcoin has defied the broader market troubles and surged by nearly 250% in the past 30 days.
However, buyer exhaustion could soon set in, potentially triggering a wave of profit-taking among FARTCOIN holders eager to lock in gains.
FARTCOIN’s triple-digit rally has pushed its price above the upper band of its Bollinger Bands (BB) indicator, a sign that the meme coin is overbought.
The BB indicator identifies overbought or oversold conditions and measures an asset’s price volatility. It consists of three lines: a simple moving average (middle band) and two bands (upper and lower) representing standard deviations above and below the moving average.
When the price breaks above the upper band, it means the asset’s current value is moving significantly away from its average, making it overbought and due for a price correction.
This pattern suggests that FARTCOIN’s current price level may not be sustainable, increasing the likelihood of a near-term pullback.
Moreover, readings from the token’s Relative Strength Index (RSI) confirm its nearly overbought status. At press time, this momentum indicator rests at 69.09.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
At 69.09, FARTCOIN’s RSI signals that the meme coin is nearly overbought. Its upward momentum may be weakening, and a price correction could be near.
If the current momentum fades, FARTCOIN could face a short-term correction that causes it to shed some recent gains. In that scenario, the Solana-based asset could retest support at $0.74.
Should it fail to hold, the downtrend strengthens and could continue toward $0.37.
However, if FARTCOIN maintains its uptrend, it could rally to $1.16.
The post FARTCOIN’s 250% Rally Faces Potential End as Buyers Near Exhaustion appeared first on BeInCrypto.
In early May 2025, the Ethereum (ETH) market witnessed contrasting actions from large investors, commonly known as whales.
These opposing behaviors from whales present investors with both risks and opportunities.
On one hand, several Ethereum whales are accumulating ETH in large quantities. An ETH whale purchased 3,029.6 ETH valued at $5.74 million. However, this whale currently faces a temporary loss of $142,000 as the price has dropped to $1,842 per ETH.
On May 1, 2025, Lookonchain reported that multiple whale addresses accumulated thousands of ETH within two hours. These actions indicate that some major investors remain confident in ETH’s long-term potential despite short-term price volatility.
On the other hand, selling pressure from Ethereum whales is significant. On May 2, 2025, OnchainLens reported that a whale deposited 2,680 ETH on Kraken, incurring an estimated loss of around $255,000.
Meanwhile, analysts revealed that another whale transferred 3,000 ETH to Kraken within 10 minutes on the same day, signaling a strong intent to sell.
Notably, a whale who received 76,000 ETH during the 2015 ICO sold 6,000 ETH, potentially securing a profit of $10.92 million.
Additionally, on May 1, 2025, on-chain data showed a whale increasing their short position by borrowing an additional 4,000 ETH. This whale is bringing their total short position to 10,000 ETH, equivalent to approximately $18.4 million.
These moves highlight a clear divergence in Ethereum whale strategies, with accumulation and selling creating significant pressure on ETH’s price.
The volatility in whale behavior coincides with a crypto market influenced by various factors. According to BeInCrypto, ETH’s price gained 10% in a week but slightly decreased in the last 24 hours. It is hovering around $1,842—a notable decline from its March 2025 peak of $2,500.
Despite this, market sentiment shows some positive signs. Ethereum investment products also saw US$183m inflows last week following an 8-week run of outflows. The Ethereum spot ETF had a total net inflow of US$6.4932 million yesterday. This reflects sustained long-term interest from institutions, even amid short-term selling pressure from whales.
Furthermore, a whale’s large 10,000 ETH short position suggests expectations of a near-term price decline, potentially amplifying downward pressure if market sentiment turns negative.
Meanwhile, retail investors appear to be affected by this uncertainty, with ETH trading volume on exchanges dropping 10% over the past 24 hours.
The opposing actions of whales place investors at a crossroads of risks and opportunities. On the risk side, the selling pressure from whales, particularly the significant short position, could lower ETH’s price in the short term, especially given the overbought market conditions.
However, opportunities also abound. Whales’ accumulation of thousands of ETH reflects long-term confidence in Ethereum’s potential, particularly as the network continues to lead in DeFi, with a total value locked (TVL) of $52 billion in May 2025, according to DefiLlama.
Analyst Merlijn has shown that Ethereum’s current price structure is similar to that of Bitcoin in 2020. Accordingly, he believes that Ethereum will witness a strong boom if history repeats itself.
Ethereum risks losing developers to Solana, which is gaining momentum due to better startup support and a streamlined user experience.
Yet, technical upgrades like Ethereum 2.0 and the growth of Layer 2 solutions such as Arbitrum and Optimism also support ETH’s long-term development.
Investors might view the current lower price levels as an opportunity to accumulate, but they should closely monitor whale activities and technical indicators to mitigate correction risks.
The post Ethereum Whales Remain Divided – What Lies Ahead for ETH Investors? appeared first on BeInCrypto.
The post Pi Network: Why Dr Altcoin Strongly Believes in Its Future – Key Reason Behind It appeared first on Coinpedia Fintech News
While many people are still trying to figure out the next big thing in crypto, well-known analyst Dr Altcoin has made it clear, he’s fully committed to the Pi Network. In a recent post, he shared why he is so passionate about the project, why he fully supports it, and why he remains committed to its future. And looking at the points he shared, it’s hard not to get excited too.
One major reason Dr Altcoin supports Pi Network is its easy mining process. Users can mine Pi directly from their smartphones without using extra energy. Thanks to this innovation, Pi has grown to over 70 million users across more than 200 countries.
It has helped millions of first-time users enter the crypto world, pushing mass adoption to a new level.
Dr Altcoin also praised Pi’s eco-friendly blockchain, which uses the Stellar Consensus Protocol. It can handle about 200 transactions per second while using very little energy compared to Bitcoin.
Plus, every user and business is fully verified through KYC and KYB checks, creating a safer space for transactions.
Energy consumption is a big problem in crypto, but Pi Network shines here. Bitcoin mining uses as much electricity as an entire country. In comparison, Pi’s 200,000 active nodes use far less power, making it a greener and more sustainable option.
The Pi blockchain allows for fast transactions with very low gas fees. Plus, the Pi Wallet is protected by a 24-word passphrase, making it almost impossible to hack. Every user holds their non-custodial wallet, which adds another strong layer of security.
With over 100 decentralized apps (DApps) already using Pi for transactions, the dream of a real, peer-to-peer digital currency is coming to life.
With Pi currently trading at a very low price, he believes it’s the perfect time for long-term investors to accumulate. Big upcoming events, like the Consensus 2025 Summit, could bring even more attention to the project.
Currently, Pi Coin is sitting at its lowest price ever, and Dr Altcoin sees this as a golden opportunity for investors to stock up. As of now, Pi is trading around $0.645, staying firm above a rising support line that has been holding strong since early April.
If buyers step in with more energy, Pi could soon break past $0.825, and possibly even reach as high as $1.30.
The post Pi Network: Why Dr Altcoin Strongly Believes in Its Future – Key Reason Behind It appeared first on Coinpedia Fintech News
While many people are still trying to figure out the next big thing in crypto, well-known analyst Dr Altcoin has made it clear, he’s fully committed to the Pi Network. In a recent post, he shared why he is so passionate about the project, why he fully supports it, and why he remains committed to …