Altcoins Are About to Surge Dramatically—Why Is XRP Price Failing to Go Parabolic?

Monicah W

The post Altcoins Are About to Surge Dramatically—Why Is XRP Price Failing to Go Parabolic? appeared first on Coinpedia Fintech News

As Bitcoin gained momentum and marked a new ATH, the other altcoins also began to go parabolic. Some of them are gearing up to trigger a strong breakout, but the XRP price appears to remain restrained from the ongoing bullish trend. The price is closely consolidating below the pivotal resistance, which could point towards a breakout, but careful observation hints that the price rally could be restrictive, as suggested by a couple of on-chain data points. 

The XRP price had been tightly consolidating below $1 for over a couple of years and triggered a massive breakout during Q4 2024. This was when the bulls, retail traders and whales all together pushed the price above $2. Since then, the price has remained consolidated between $2 and $3, failing to keep up with the growing market trends. The massive drop in the active addresses hints towards a sudden decrease in the users’ participation. 

The drop in the active address hints towards a decrease in the number of traders contacting the network to perform a trade. This also indicates a drop in the volatility, which has kept the levels consolidated and prevented a breakout. On the other hand, Open Interest has also plunged, which was in recovery mode. 

This suggests the traders are closing the futures positions either to take profits, cut losses or adjust their overall portfolio exposure. Moreover, some on-chain reports suggest the whales have off-loaded over 60 million XRP in the last 72 hours, which raises concern over the short-term price action. 

Will XRP Price Fail to Reach $3?

The XRP price is closely consolidating but the token is accumulating gains between the range of 2018 and 2021 highs. Moreover, it has formed a massive bull flag and hence a breakout from the resistance could push the price into the discovery phase. 

The rebound from the lows has not triggered a rebound with the RSI levels, which remain consolidated along the average range. This suggests the rally remains within a decisive phase and hence a rise in the RSI could eventually push the XRP price beyond the consolidated range; else a drop could drag the levels to the support close to $2 or slightly lower. 

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Crypto Whales Continue to Buy TRUMP Despite Political Controversy

Despite political controversies surrounding the Trump Gala Dinner event, the crypto market has recently witnessed a significant accumulation wave of the TRUMP token, a meme coin associated with the Trump family. 

These activities reflect strong interest from major investors, often called “whales,” and highlight the TRUMP token’s growth potential amidst a volatile market.

Whales’ accumulation to secure VIP tickets

The accumulation trend for the TRUMP token gained momentum as large investors consistently executed noteworthy transactions. 

On April 28, 2025, a whale withdrew 190,987 TRUMP tokens from Binance, increasing its total holdings to 1.389 million tokens, equivalent to $20.59 million. This investor, known by the alias “MeCo,” currently holds the second position among the top holders vying for a spot at the Trump Gala Dinner, trailing only Justin Sun.

On the same day, another whale bolstered its holdings by adding 92,460 TRUMP tokens, belonging to the top 125 holders. 

Before that, on April 27, a savvy trader swapped 1.18 million Fartcoins for 78,671 TRUMP tokens. Moving to April 26, a prominent whale reinvested early profits and additional funds, purchasing $5.73 million worth of TRUMP tokens.

Also on that day, a whale withdrew 413,530 TRUMP tokens from a CEX platform. 

These transactions reveal a clear trend: major investors are accumulating TRUMP tokens to secure their spots at the Trump Gala Dinner, an exclusive event reserved for top token holders.

Challenges starting 

Despite these activities, TRUMP has shown positive performance signals in the market. According to data from BeInCrypto, the price of TRUMP surged by 84% over the past seven days, outpacing many other cryptocurrencies. 

TRUMP price. Source: BeInCrypto
TRUMP price. Source: BeInCrypto

The spot trading volume of TRUMP on Binance also skyrocketed by 202% within nine days. However, despite these positive indicators, the Trump Gala Dinner has sparked intense political controversy.

On April 25, 2025, two US Senators, Adam Schiff and Elizabeth Warren, sent a letter to the U.S. Office of Government Ethics. They called for an investigation into the event because they believed it violated federal ethics regulations.

The Senators expressed concerns that the event could constitute a “pay-to-play” scheme. Investors pay for political access, as Trump promised a private dinner on May 22, 2025, for the top. 

Following this announcement, the TRUMP token’s value surged over $100 million. This raised suspicions that the Trump family might leverage their political influence for profit.

Schiff and Warren also questioned whether Trump or his family had received guidance on profiting from digital assets during his tenure. And what safeguards exist to prevent the purchase of political access through TRUMP token investments?

This controversy has sparked broader questions about the intersection of cryptocurrency and politics, particularly as more public figures engage with the crypto market.

Furthermore, as previously reported by BeInCrypto, there is speculation that Trump might use the Trump Gala Dinner to promote a new NFT project. 

In summary, the accumulation wave of TRUMP tokens to attend the Trump Gala Dinner shows this meme coin’s strong financial appeal due to its social and political significance. Positive price and trading volume data reinforce investor confidence in TRUMP’s growth potential. 

However, the political controversies surrounding the event also introduce significant risks. Investors should remain vigilant, closely monitoring market developments and related legal factors.

The post Crypto Whales Continue to Buy TRUMP Despite Political Controversy appeared first on BeInCrypto.

UNI Price Jumps 10% As Uniswap’s Fee Switch Plan Moves Forward With $165.5 Million Funding

UNI Price Jumps 10% As Uniswap’s Fee Switch Plan Moves Forward With $165.5 Million Funding

Uniswap’s governance decision to approve $165.5 million in funding has sparked a surge in UNI token price, which has jumped by over 10% in the last 24 hours. The live price of UNI now stands at $7.01, with a trading volume of approximately $292 million.

The price increase reflects growing optimism among investors as the long-discussed “fee switch” initiative moves closer to activation. Additionally, the open interest in UNI derivatives has seen a significant rise, marking a 17.69% increase, reaching $196.96 million.

Uniswap Foundation Secures Funding for Ecosystem Growth

The Uniswap community has voted in favor of two governance proposals that allocate $165.5 million in funding. This capital will help support the growth of the Uniswap ecosystem following the launch of Uniswap v4 and the Unichain Layer 2 network.

Of this amount, $95.4 million will be directed towards the Uniswap Foundation’s grants budget, and $45 million will be set aside for liquidity incentives. The remaining $25.1 million will go towards operational costs for the next two years.

The Uniswap Foundation is an independent non-profit organization responsible for overseeing the growth of the protocol. The decision to allocate substantial funds to ecosystem development is aimed at increasing the network’s scalability and creating new opportunities for growth. The foundation’s long-term goal is to transition Uniswap from a decentralized exchange into a platform that can also cater to developers and bring significant value to the Uniswap community.

Liquidity Incentives to Support Uniswap v4 and Unichain Growth

Part of the funding will be used to establish liquidity incentives for the newly launched Uniswap v4 and Unichain platforms. Gauntlet, a Web3 risk management protocol, will manage these incentives to draw in new users and maintain growth across both networks.

The proposal also includes developer-focused campaigns designed to sustain ecosystem expansion and encourage further participation from the broader community.

Uniswap v4, launched in mid-January 2025, introduced the concept of “hooks” or contracts that allow developers to customize interactions within pools, swaps, and fees. The launch of Unichain, built on the Optimism tech stack, further enhances Uniswap’s scalability by providing a Layer 2 network that can support more transactions at lower fees.

Fee Switch Moves Closer to Reality, Potentially Reshaping Revenue Distribution

One of the most significant aspects of the governance decision is the advancement of the long-awaited “fee switch.” This would direct a portion of protocol fees, currently earned by liquidity providers, towards UNI token holders. This change has been eagerly awaited by the community, as earlier proposals to activate the fee switch were unsuccessful.

The Uniswap Foundation has stated that it will now proceed with the necessary legal steps to activate this switch.

Subsequently, the Uniswap fee switch would enable UNI token holders to earn protocol revenue, which has been a major topic of discussion within the community. Over $1 billion in annualized fees have been generated by the Uniswap protocol, and this shift would allow token holders to capture a portion of that revenue. The activation of the fee switch represents a significant step in Uniswap’s ongoing efforts to align the interests of its governance members with the protocol’s long-term success.

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