Author: Monicah W

Oregon Sues Coinbase, Labels 31 Crypto Tokens as Securities, Including XRP, ADA, LINK

Monicah W

Coinbase vs SEC News Update Coinbase Takes the Lead in SEC Lawsuit with Major Discovery Ruling

The post Oregon Sues Coinbase, Labels 31 Crypto Tokens as Securities, Including XRP, ADA, LINK appeared first on Coinpedia Fintech News

Coinbase is back in the legal spotlight, but this time, it’s not the SEC knocking at the door. The Oregon Attorney General has filed a lawsuit against the crypto exchange, accusing it of offering and selling unregistered securities to users in the state.

The lawsuit claims that Coinbase offered and sold at least 31 tokens as unregistered securities, and that includes some big names like XRP, ADA, LINK, AAVE, MKR, and UNI.

Oregon Named 31 Tokens as “Crypto Securities”

In an ongoing lawsuit, Oregon state is suing Coinbase for violating state securities laws. The lawsuit claims Coinbase helped sell unregistered cryptocurrencies, making millions in fees while Oregonians lost money.

Oregon’s Attorney General, Dan Rayfield, said, “Coinbase gained trust from people in Oregon and then offered risky investments that weren’t fully checked. Because of this, people lost money, and we think Coinbase should be held responsible.”

Oregon specifically names 31 crypto tokens it believes were illegally offered as unregistered securities. These include popular tokens like ADA, SOL, XRP, LINK, AAVE, MATIC, UNI, and many more.

Although Oregon is going further than the U.S. SEC, which listed 18 tokens in its lawsuit.

Coinbase Responds

Paul Grewal, Coinbase’s Chief Legal Officer, fired back on X. He criticized Oregon’s Attorney General for filing the lawsuit on behalf of over 500,000 users, without their consent. He also said this lawsuit could hurt the entire crypto industry, not just Coinbase.

Oregon’s Case Impact On XRP

Even though Oregon’s lawsuit is only about state rules, it could affect the whole country.

One big thing in the case is XRP, the token from Ripple. Oregon’s Attorney General says XRP should be treated like a security, which means it would have to follow certain rules.

Ripple recently won against the SEC, but now Oregon is bringing the issue up again. They’re still arguing about whether XRP is a security or not.

The post Oregon Sues Coinbase, Labels 31 Crypto Tokens as Securities, Including XRP, ADA, LINK appeared first on Coinpedia Fintech News
Coinbase is back in the legal spotlight, but this time, it’s not the SEC knocking at the door. The Oregon Attorney General has filed a lawsuit against the crypto exchange, accusing it of offering and selling unregistered securities to users in the state. The lawsuit claims that Coinbase offered and sold at least 31 tokens …

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Paul Atkins Appointed SEC Chairman: What His Leadership Means for Crypto

Monicah W

According to the official announcement from the US Securities and Exchange Commission (SEC), President Donald Trump’s nominee, Paul Atkins, has officially assumed office as the 34th Chairman of the SEC. 

His appointment follows confirmation by the US Senate earlier this month, with the vote concluding in a 52-44 majority. 

Will Paul Atkins’ Leadership Transform Crypto Oversight? 

In his statement, Atkins expressed gratitude for President Trump’s and the Senate’s trust in him. He emphasized his goal of ensuring the US is the most secure and attractive place in the world for investment and business.

“As I return to the SEC, I am pleased to join with my fellow Commissioners and the agency’s dedicated professionals to advance its mission to facilitate capital formation; maintain fair, orderly, and efficient markets; and protect investors,” the new SEC chair said.

Previously, during the Senate hearing, Atkins stressed that crypto regulation would be a “key priority” for him. He succeeds Gary Gensler, who is known for his staunch criticism of the industry, especially altcoins. 

Last week, Gensler reiterated his stance, arguing that sentiment, not fundamentals, drives the majority of cryptocurrencies. He believes this makes them unsustainable and prone to losing value over time. 

Notably, Gensler’s tenure at the SEC was marked by roadblocks for several altcoin exchange-traded funds (ETFs). However, that changed after his exit.

Since Genler’s resignation, there has been a surge in crypto ETF applications. As BeInCrypto reported earlier, 72 crypto-linked ETF filings with the SEC are currently awaiting approval to list or offer options.

“Full serving of ETF-related items on his plate including: 1) In-kind creation and redemption for spot btc & eth ETFs, 2) Staking in spot eth ETFs, 3) Dozens of crypto-related ETF filings. Should start seeing real movement,” wrote Nate Geraci, President of The ETF Store.

Analysts suggest that the surge in filings may be a result of companies testing the limits of the SEC. Yet, Atkins’ decision on the long list of altcoin and meme coin ETFs could set a new precedent for future crypto-related filings.

“The SEC in the United States is officially a pro-crypto administration!” an analyst stated.

The optimism extends beyond the ETFs. Under the Trump administration, many companies, including Coinbase, Uniswap, Yuga Labs, Kraken, and Ripple, had SEC investigations or lawsuits closed. BeInCrypto highlighted that these companies and several others donated over $85 million to the President’s inauguration, raising concerns about potential conflicts of interest.

Now, Atkins’ experience and market-friendly approach are expected to be critical as the SEC navigates the challenges of the $2.8 trillion crypto market. Investors and policymakers will closely watch his leadership, particularly as the SEC works to strike a balance between encouraging innovation and enforcing strong oversight.

The post Paul Atkins Appointed SEC Chairman: What His Leadership Means for Crypto appeared first on BeInCrypto.

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Coinbase Launches CFTC-Regulated XRP Futures Contracts

Monicah W

Coinbase, the largest US-based crypto exchange, received regulatory approval from the CFTC (Commodity Futures Trading Commission) to launch XRP futures contracts through its derivatives arm.

This development marks a pivotal moment for institutional access to XRP altcoin, amid a broader derivatives market shakeup.

XRP Futures Now Live on Coinbase

Earlier in the month, Coinbase revealed its intention to bring regulated XRP futures to market, showing that it had filed for the offering with the CFTC. BeInCrypto reported that the US-based exchange filed to self-certify the product.

“We’re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify XRP futures—bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets,” read the announcement.

The firm anticipated the contract going live on April 21. During the late hours of the US session on Monday, Coinbase confirmed in a follow-up post that the product was live.

“Coinbase Derivatives, LLC now offers CFTC-regulated futures for XRP,” the exchange stated.

This approval suggests a fast-track endorsement by the CFTC, potentially opening the door to broader crypto derivatives activity in the US.

It is unsurprising that the agency has recently pivoted toward easing entry into the crypto derivatives sector. As BeInCrypto reported earlier this month, the CFTC rolled back several regulatory hurdles that had previously deterred traditional and crypto-native firms.

“As stated in today’s withdrawal letter, DCR [Division of Clearing and Risk] determined to withdraw the advisory to ensure that it does not suggest that its regulatory treatment of digital asset derivatives will vary from its treatment of other products,” the CFTC explained.

The changes simplify registration requirements and lower operational barriers for launching crypto derivatives products.

XRP Network Activity Soars 67.5%

With XRP historically maintaining high liquidity and a global user base, it represents a strong candidate for derivatives trading, especially in a newly liberalized environment.

Unlike more volatile mid-cap tokens, XRP benefits from a combination of legal clarity following the Ripple lawsuit outcome, broad exchange availability, and a sizable market cap. These elements make it attractive to institutional traders seeking capital-efficient exposure.

Recent on-chain data reveals a sharp uptick in network activity, further bolstering the case for XRP futures. Data shows XRP active addresses surged by 67.5% between April 19 and 20, ahead of Coinbase Derivatives’ XRP futures debut, climbing from 27,352 to 40,366.

XRP Active Addresses
XRP Active Addresses. Source: Glassnode.

The spike suggests growing engagement from retail and institutional participants, possibly in anticipation of expanded market access through derivatives.

Still, market sentiment around XRP remains mixed. Despite the regulatory milestone, XRP’s spot price has declined 1.26% in the past 24 hours, reflecting broader market consolidation and investor caution.

XRP Price Performance
XRP Price Performance. Source: BeInCrypto

This suggests that while futures listings can enhance liquidity and price discovery over time, short-term price action often diverges from structural developments.

Coinbase’s move aligns with its broader strategy to position itself as a regulated gateway to crypto derivatives in the US. With the futures of Ethereum and Bitcoin already live, XRP has joined the lineup. This signals Coinbase’s confidence in XRP’s long-term viability despite lingering skepticism in parts of the US regulatory arena.

The post Coinbase Launches CFTC-Regulated XRP Futures Contracts appeared first on BeInCrypto.

Big News: Pro-Crypto Paul Atkins Sworn In as SEC Chairman

Monicah W

The post Big News: Pro-Crypto Paul Atkins Sworn In as SEC Chairman appeared first on Coinpedia Fintech News

In a huge development for the cryptocurrency industry, Paul Atkins has officially been sworn in as Chairman of the U.S. Securities and Exchange Commission (SEC). Known for his pro-crypto stance, Atkins’ appointment is being hailed as the beginning of a new era for digital asset regulation in the United States.

This marks a return to the SEC for Chairman Atkins, who previously served as a Commissioner from 2002 to 2008 under President George W. Bush. During that time, he was known for championing transparency, consistency, and the use of cost-benefit analysis in regulatory decision-making—principles that many hope he will now apply to modern crypto policy.

The industry has been eagerly awaiting his arrival. While Acting Chair Hester Peirce and interim leader Mark Uyeda have made strides—particularly in fostering transparency and holding crypto roundtables—Atkins is expected to bring greater momentum and authority to the agency’s crypto-related efforts.

“As I return to the SEC, I am pleased to join with my fellow Commissioners and the agency’s dedicated professionals to advance its mission to facilitate capital formation; maintain fair, orderly, and efficient markets; and protect investors,” Atkins said.

He added, “ Together we will work to ensure that the U.S. is the best and most secure place in the world to invest and do business.”

Under Peirce’s leadership, the SEC has already made headway, dropping several high-profile cases and providing new guidance around crypto mining, stablecoins, and meme coins. However, areas like NFTs and token classification remain complex and unresolved. With Atkins now in charge, insiders expect swift movement toward a standardized “token test” to determine whether a digital asset should be classified as a security.

The post Big News: Pro-Crypto Paul Atkins Sworn In as SEC Chairman appeared first on Coinpedia Fintech News
In a huge development for the cryptocurrency industry, Paul Atkins has officially been sworn in as Chairman of the U.S. Securities and Exchange Commission (SEC). Known for his pro-crypto stance, Atkins’ appointment is being hailed as the beginning of a new era for digital asset regulation in the United States. This marks a return to …

DeFi Tech Launches Kenya Exchange: What it Means for the African Digital Market of 6M Users

Monicah W

Kenya Digital Exchange

DeFi Technologies, the Toronto-based publicly traded company has striked a major move aimed at expansion. On Monday, it launched its new RWA tokenization-focused exchange, Kenya Digital Exchange (KDX).

The exchange, aimed at tapping into the growing digital market of Kenya, is launched with the collaboration of Kenya’s Nairobi Securities Exchange (NSE).

Notably, the new exchange launch builds on the partnership signed last year between NSE, Defi Technologies’ subsidiary, Valour and SovFi.

The collaboration also involves the listing of Valour’s exchange-traded products (ETPs) on NSE by Q3 2025.

KDX: Why Defi Technologies is launching a new exchange

Curtis Schlaufman, the Vice-president of VP Marketing and Communications at DefiTech, revealed in a X post that the new Kenya Digital Exchange (KDX) aims at expanding his company’s role in global capital markets and digital asset innovation.

Given the ongoing growth in the RWA innovation and market, DeFi Tech’s KDX will work as a regulated platform for tokenizing real-world assets (RWAs) – equities, debt funds, and commodities.

KDX will enable primary issuance, trading, and liquidity provisioning for the tokenization of these instruments of traditional markets. It will leverage blockchain technology to ensure secure, transparent, and efficient transactions.

The platform will further integrate Hedera for settlement and to support smart‑contract–powered issuance and market‑making. This infrastructure is expected to serve both institutional and retail clients.

With Valous’ ETPs also in line, it aims to serve as a one‑stop marketplace for digital‑asset ETPs and other tokenized products.

To Provide Other Sevices too

As per the press release, implementation of KDX will occur in three phases:

1. initial platform design and compliance checks in late 2025,

2. pilot trading and ETP issuance in early 2026, and

3. full commercial launch by the second quarter of 2026.

The exchange’s revenue streams will include trading and listing fees, custody services, staking and liquidity‑provision charges, and other value‑added financial services. Curtis also informed that besides RWAs, Defi Tech’s KDX will also focus on token issuance, AI trading, market making, and global exchange interoperability.

Tapping into the Growing Crypto Market of Kenya

Kenya has long been a global leader in P2P bitcoin trading – Chainalysis ranked it first worldwide in P2P trade volume in 2021, ahead of 154 other countries. The country ranks among the top 25 markets worldwide for crypto adoption.

With cryptocurrency transactions totaling an estimated USD 18.6 billion in 2022 and over six million users—roughly 10% of the population.

Smartphone penetration exceeds 85%, and the local fintech sector attracted USD 638 million in venture capital in 2024. This underscores strong consumer demand and robust digital‑finance innovation.

By tapping into a six‑million‑user market and nearly USD 20 billion in annual crypto transactions, KDX could catalyze a new wave of digital‑finance activity in East Africa.

The post DeFi Tech Launches Kenya Exchange: What it Means for the African Digital Market of 6M Users appeared first on CoinGape.

Peter Schiff Predicts Gold Will Soar As Fed Cuts Rates, Will Bitcoin Price Follow?

Monicah W

Peter Schiff Predicts Gold Will Soar As Fed Cuts Rates, Will Bitcoin Price Follow?

Current market data shows that the price of Gold has surged to new highs amid rising economic concerns. Crypto critic and Economist Peter Schiff believes it could climb even further as the Presidency pressures the U.S. Federal Reserve to cut interest rates. Meanwhile, Bitcoin continues rising quietly, though its future remains uncertain.

Peter Schiff Shares Big Take on Gold

According to his latest X post, Peter Schiff, a long-time gold proponent and critic of cryptocurrencies, has once again voiced his confidence in the precious metal as a hedge against inflation. 

Peter Schiff pointed to gold’s recent surge and said the metal could rise further if the Federal Reserve lowers interest rates. This view comes as the U.S. dollar index (DXY) drops to a three-year low, as the U.S.-China trade war raises fears about economic stability.

Schiff believes gold’s physical nature, limited supply, and long-standing value make it a dependable shield against inflation. He also referenced the Trump administration’s ongoing push for a tariff shift on mineral imports, which he believes could increase gold demand.

In contrast, Schiff remains critical of Bitcoin. In an earlier update, Peter Schiff slammed Trump’s BTC reserve plan following a 12% drop in the coin’s value.

According to him, BTC is a speculative asset, not a real store of value. He noted that while gold’s annual price volatility usually stays within 10–20%, Bitcoin often fluctuates by over 50%. To Peter Schiff, Bitcoin is too unstable to be a safe hedge.

Gold Sees Rally as Investors Flee Risk

Gold rose 2% in a single day to cross $3,400 on April 21, a record high. The gain is linked to the weakening U.S. dollar and concerns over rising global trade disputes. 

Investors are turning to gold, worried about inflation and the broader health of the global economy. Per market speculation, if the dollar continues to slide and trade disputes worsen, gold could cross $3,500 by mid-year. 

With investors withdrawing from riskier assets, gold’s image as a safe and stable investment option grows even stronger.

Bitcoin Emerges With Gains Despite Expert Uncertainty

CoinMarketCap data shows that Bitcoin was trading at $86,882.25, up by 2.76%. At its peak during trading hours, the BTC price reached its highest point in a month. While some see this as a sign that Bitcoin may follow gold’s upward trend, others are unconvinced. 

On the positive side, renowned author Robert Kiyosaki believes BTC could reach $180,000 to $200,000 this year, citing economic uncertainty and the coin’s fixed supply. 

In line with this update, Michael Saylor’s MicroStrategy purchased 6,556 BTC for $555 million, and the MSTR stock has rebounded following the announcement. The current market outlook is strengthening many people’s belief that Bitcoin is a viable hedge against inflation, in contrast to Peter Schiff’s opinion.

The post Peter Schiff Predicts Gold Will Soar As Fed Cuts Rates, Will Bitcoin Price Follow? appeared first on CoinGape.

Paul Atkins Officially Sworn In As SEC Chair, Here’s What To Expect

Monicah W

Paul Atkins Officially Sworn In As SEC Chair, Here's What To Expect

Paul Atkins has formally taken office as the 34th Chairman of the US Securities and Exchange Commission (SEC). The new pro-crypto SEC Chair is expected to hit the ground running with clear regulations in his second stint at the Commission.

Paul Atkins Begins Tenure As New SEC Chair

According to an SEC press release, Paul Atkins has taken over the reins of control at the US SEC. Per the statement, Atkins has taken the oath of office as the 34th SEC Chair after an edgy wait.

Atkins earned a nomination by US President Trump in mid-January before clinching a US Senate confirmation as SEC chair. Following Atkins’ confirmation by the Senate, final paperwork and the Easter holidays delayed his assumption of office.

“I am honored by the trust and confidence President Trump and the Senate have placed in me to lead the SEC,” said Atkins.

Paul Atkins is making a return to the US SEC after previously serving as a Commissioner between 2002 and 2008. Armed with decades of capital market experience, Atkins is pledging to maintain a “fair, orderly, and efficient market” with investors’ protection at the core.

Pro-Crypto SEC Takes Charge – Here’s What To Expect

Right out of the bat, digital asset enthusiasts are buzzing with excitement as Paul Atkins begins his tenure. The pro-crypto SEC Chair is expected to fast-track clear digital asset regulatory direction for the securities watchdog.

Following his assumption of office, Paul Atkins may make an appearance at the SEC’s third crypto policy roundtable. If Atkins joins the roundtable, the new SEC Chair will be in the thick of things for discussions around crypto custody with representatives from Kraken and Fidelity in attendance.

Atkins will lead the securities regulator as the Commission’s case with Ripple enters its final stretch. Following the approval of a joint motion to suspend appeals, pro-XRP lawyer says there are “no more excuses for delays.”

Paul Atkins will face a mountain of paperwork from cryptocurrency exchange-traded fund (ETF) applications on his desk. Currently, over 17 XRP spot ETFs are awaiting approvals from the SEC, with a pro-crypto Chair tapped to lend support.

Atkins’ assumption of office comes on the heels of Oregon filing a securities enforcement action against Coinbase, leaning on an old playbook.

Paul Atkins’ connection to cryptocurrencies runs deep, with the new Chair holding nearly $6 million in digital assets. Early in the day, Coinbase announced support for Linked Reserve Rights connected to Paul Atkins.

The post Paul Atkins Officially Sworn In As SEC Chair, Here’s What To Expect appeared first on CoinGape.

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Crypto Firms Donated $85 million in Trump’s Inauguration, What Did They Receive?

Monicah W

According to a new report, 15 firms and individuals from the crypto industry donated more than $100,000 to President Trump’s Inauguration, totaling over $85 million.

Almost all of these companies apparently received direct or indirect benefits from Trump’s administration. This includes dropped legal proceedings, lucrative business partnerships, participation in Trump’s Crypto Summit, and more.

Crypto Industry Went All-In on Trump’s Inauguration

Since promising to bring friendlier regulations on the campaign trail, Donald Trump attracted a reputation as the Crypto President.

Trump’s Inauguration festivities included a “Crypto Ball,” and several prominent firms made donations for these events. Today, a report has compiled all crypto-related contributions of over $100,000, revealing some interesting facts.

Crypto Donations For Trump's Inauguration
Crypto Donations For Trump’s Inauguration. Source: Fortune

Since taking office, President Trump and his family have been allegedly involved in prominent crypto controversies, and these donations may be linked to several of them.

For example, eight of the donors, Coinbase, Crypto.com, Uniswap, Yuga Labs, Kraken, Ripple, Robinhood, and Consensys, had SEC investigations or lawsuits against them closed since Trump’s term began.

The commission might have dropped its probe against these companies anyway due to its changing stance on crypto enforcement. However, being in the President’s good books likely helped the process.

Further Alleged Benefits for Donors

In other words, nearly half the firms that made donations to Trump’s Inauguration have seen their legal problems cleared up quickly. This isn’t the only regulation-related benefit they allegedly received.

Circle, for example, recently made an IPO after openly stating that Trump’s Presidency made it possible. Galaxy Digital received SEC approval for a major reorganization, a key step for a NASDAQ listing.

Other donors, such as Crypto.com and ONDO, got more direct financial partnerships with businesses associated with the Trump family.

Previously, Ripple’s CEO, Brad Garlinghouse, anticipated a crypto bull market under Trump. Also, XRP, Solana, and Cardano were all unexpectedly included in the US Crypto Reserve announcement.

All three of these companies made major donations to Trump’s Inauguration.

It seems that most of the firms involved got at least some sort of noticeable benefit from these donations. Donors like Multicoin and Paradigm received invitations to Trump’s Crypto Summit, while much more prominent groups like the Ethereum Foundation got snubbed.

Meanwhile, various industry KOLs and community members have already alleged major corruption in Trump’s crypto connections.

While some allegations might lack substantial proof, the crypto space has changed dramatically under the new administration, for both good and bad.

The post Crypto Firms Donated $85 million in Trump’s Inauguration, What Did They Receive? appeared first on BeInCrypto.

News

SOL Builds Momentum As Solana Outperforms Other Blockchains

Monicah W

Solana (SOL) continues to show strength across multiple fronts, maintaining a bullish structure on its Ichimoku Cloud chart while gaining momentum in key market metrics. The BBTrend indicator has turned higher again, signaling renewed buying pressure after a brief cooldown.

On-chain activity remains strong, with Solana leading all blockchains in DEX volume and dominating fee generation thanks to the explosive growth of meme coins and launchpad activity. With SOL now trading above a key resistance level, the path is open for further upside—though a loss of momentum could still trigger a retest of lower supports.

Solana Maintains Bullish Structure, but Momentum Faces Key Test

On Solana’s Ichimoku Cloud chart, the price is currently above the Kijun-sen (red base line) but has dipped below the Tenkan-sen (blue conversion line), signaling weakening short-term momentum.

The flattening Tenkan-sen and price behavior suggest possible consolidation or the early stages of a pullback. Still, with the price holding above the Kijun-sen, medium-term support remains intact.

SOL Ichimoku Cloud. Source: TradingView.

The overall Ichimoku structure remains bullish, with a thick, rising cloud and leading span A well above span B—indicating strong underlying support.

If Solana finds support at the Kijun-sen and climbs back above the Tenkan-sen, the uptrend could regain strength; otherwise, a test of the cloud’s upper boundary may follow.

SOL BBTrend.
SOL BBTrend. Source: TradingView.

Meanwhile, Solana’s BBTrend is currently at 6, extending nearly ten days in positive territory after peaking at 17.5 on April 14. The recent increase from 4.26 to 6 suggests renewed bullish momentum following a brief cooldown.

BBTrend, or Bollinger Band Trend, tracks the strength of price movement based on Bollinger Band expansion.

Positive values like the current one point to an active uptrend, and if the BBTrend continues to rise, it could signal stronger momentum and potential for another upward move.

Solana Dominates DEX Volume and Fee Generation as Meme Coins Drive Ecosystem Growth

Solana has once again claimed the top spot among all chains in DEX volume, recording $15.15 billion over the past seven days. The combined total of Ethereum, BNB, Base, and Arbitrum reached $22.7 billion.

DEX Volume by Chain.
DEX Volume by Chain. Source: DeFiLlama.

In the last 24 hours alone, Solana saw $1.67 billion in volume, largely fueled by its booming meme coin ecosystem and the ongoing launchpad battle between PumpFun and Raydium. Adding to this good momentum, Solana recently surpassed Ethereum in Staking Market Cap.

Protocols and Chains Fees.
Protocols and Chains Fees. Source: DeFiLlama.

When it comes to application fees, Solana’s momentum is just as clear. Four of the top ten fee-generating apps over the past week—PumpFun, Jupiter, Jito, and Meteora—are Solana-focused.

Pump leads the pack with nearly $18 million in fees alone.

Solana Breaks Key Resistance as Uptrend Targets Higher Levels, but Risks Remain

Solana has finally broken above its key resistance at $136, flipping it into a new support level that was successfully tested just yesterday.

Its EMA lines remain aligned in a bullish setup, suggesting the uptrend is still intact.

If this momentum continues, SOL price could aim for the next resistance zones at $147 and $152—levels that, if breached, open the door to a potential move toward $179.

SOL Price Analysis.
SOL Price Analysis. Source: TradingView.

The current structure favors buyers, with higher lows and strong support reinforcing the trend.

However, if momentum fades, a retest of the $136 support is likely.

A breakdown below that level could shift sentiment, exposing Solana to deeper pullbacks toward $124 and even $112.

The post SOL Builds Momentum As Solana Outperforms Other Blockchains appeared first on BeInCrypto.

PumpFun Moves $13M SOL To Kraken as Solana Price Consolidates, What Next?

Monicah W

PumpFun Moves $13M SOL To Kraken as Solana Price Consolidates, What Next?

PumpFun has transferred 95,934 SOL, worth approximately $13.34 million, to Kraken, further adding to the total 1,818,889 SOL moved to the exchange in 2025, equating to around $324.06 million.

This move marks a continued trend of significant activity surrounding Solana (SOL), reflecting growing investor interest. As SOL consolidates its price following recent bullish trends, this development raises questions about the potential direction of the cryptocurrency.

PumpFun Whale Activity and SOL’s Recent Performance

According to blockchain data provider Lookonchain, PumpFun’s recent deposit adds to a growing list of whale activities. So far, in 2025, the total SOL moved to Kraken by PumpFun alone exceeds 1.8 million, highlighting a considerable volume of transactions. Solana’s price has shown notable strength, especially in light of recent whale movements, which tend to indicate investor confidence.

Solana’s price has recently cleared significant resistance levels, with many analysts suggesting the cryptocurrency is in a strong upward trend. A crypto analyst, Ted, has pointed out that the SOL price is showing bullish signs similar to the Q4 of 2022.

Image

Ted suggests that SOL could see price levels between $160 to $180 by May 2025, with the potential for an all-time high later in the year. As whale activity continues, these predictions may influence market sentiment further.

Institutional Interest in Solana Surges

Institutional players’ participation is another factor that gives optimism to the SOL’s bullish run. Another player in the game is Galaxy Digital, though it has recently started making major withdrawals, pulling out about $77m worth of SOL from exchanges starting mid-April.

This also involved a substantial $19.5 million sell-off from Binance, showing faith in Solana’s potential. Other market players, such as Janover, also bought over $10m worth of Solana, validating the optimistic forecast for SOL price.

Such actions from institutional investors are usually viewed in the market as strong signs of confidence. Based on Galaxy Digital’s withdrawal, it could be estimated that large investors are preparing for higher SOL gains, which underlines the upbeat sentiment in Solana price. This increase in institutional support could enhance the overall market sentiment and help SOL rise in the short run.

Growing Number of Large Solana Holders

In addition to institutional interest like PumpFun’s, large retail investors are also becoming more active in Solana. Analyst Ali Martinez reported that the number of wallets holding 10,000 or more SOL increased by 1.53% in the past week.

This uptick, which grew from 4,943 wallets to 5,019, suggests that bigger holders are accumulating more Solana quietly. Such accumulation often occurs before broader market recognition, which can lead to price rallies.

This pattern of increasing wallet activity from significant holders further points to confidence in Solana’s potential. If these large investors continue to increase their positions, the demand for SOL could continue to rise, creating upward pressure on its price. The accumulation could be a sign that some are positioning themselves ahead of a potential breakout in price.

SOL Technical Analysis and Price Forecasts

The recent movement in Solana price has caught traders’ attention, with some analysts forecasting a continued rise. Another crypto analyst, Learnernoearner, suggested that an inverse head and shoulders pattern may be forming, indicating a potential long-entry opportunity.

Image

If Solana price experiences a brief pullback, this could provide an attractive entry point for traders.

Key technical levels for SOL price include support at $125, immediate resistance at $135, and a breakout zone at $178. If SOL price breaches the $178 mark, further targets could include $199, $216, and $238, and some even suggest a rally to $2000.

The post PumpFun Moves $13M SOL To Kraken as Solana Price Consolidates, What Next? appeared first on CoinGape.