Pump.fun’s SOL Transfers to Kraken Continue as Revenue Drops 95%

Solana’s meme coin creation platform Pump.fun has continued its transfer of SOL tokens. The platform recently transferred 196,370 SOL, worth approximately $25.3 million, to the Kraken exchange.

Additionally, Pump.fun’s daily fee revenue dropped from around 12,000 SOL, or $2 million per day, in February 2025 to less than 1,000 SOL, or $100,000 per day, in March, a 95% drop.

Pump.fun Transfers SOL to Kraken

According to EmberCN, the recent 196,370 SOL transfer consisted of two main transactions of 78,000 SOL and 118,370 SOL.

“The SOL that PumpFun transferred to Kraken today is only a small portion of the fee income from the past three weeks. In addition, there are 120,000 SOL that PumpFun redeemed as pledged SOL,” EmberCN reported.

Recent SOL transfers from the PumpFun Fee wallet. Source: EmberCN
Recent SOL transfers from the Pump.fun Fee wallet. Source: EmberCN

As of January 2025, Lookonchain reported that Pump.fun had transferred 1.56 million SOL to Kraken. With SOL prices ranging from $180–$200 in Q1, this amount was valued between $281 million and $313 million. With the latest transfer, the total SOL sent to exchanges now reaches approximately 1.76 million SOL, worth around $219 million at current prices.

Declining Revenue at Pump.fun

Moreover, EmberCN further highlighted that in February 2025, Pump.fun’s daily fee revenue averaged 12,000 SOL per day or approximately $2 million per day. However, as of March 2025, revenue has dropped below 1,000 SOL per day, marking a 95% decline.

Previously, Dune Analytics data showed that Pump.fun generated 72,506 SOL in revenue on January 1, 2025, a 30% increase from its previous peak of 55,000 SOL in November 2024.

PumpFun revenue in early January. Source: Dune
Pump.fun revenue in early January. Source: Dune

Pump.fun’s cumulative fee revenue is estimated to be nearly $600 million at the time of writing. A portion of this revenue appears to have been moved or sold.

The drastic fee decline is likely due to fading interest in meme coins. The meme coin craze on Solana peaked in late 2024 and early 2025. However, recent token performance on Pump.fun has failed to meet expectations. Only a small percentage of Pump.fun tokens reach wider markets like Raydium.

Previously, Pump.fun also contributed to the market boom by creating over 600,000 new tokens in January 2025. However, competitive platforms like Four.meme have captured community interest, despite suffering from hacks. Over the past 24 hours, six tokens launched on Four.meme have exceeded a $1 million market cap, while only one token on Pump.fun reached that threshold.

Moreover, according to EmberCN, PvP trading enthusiasm in SOL has plummeted, reducing transaction volume on Pump.fun.

The 95% revenue drop from February to March 2025 signals a potential downturn. Pump.fun’s heavy reliance on meme coins makes it vulnerable to market shifts. Meme coin market capitalization has dropped substantially, signaling a possible end to the “supercycle” of explosive growth. The ongoing SOL transfers to Kraken could indicate sales preparations, potentially putting downward pressure on SOL prices.

At the time of BeInCrypto’s report, SOL price is trading at $124.05.

The post Pump.fun’s SOL Transfers to Kraken Continue as Revenue Drops 95% appeared first on BeInCrypto.

PancakeSwap (CAKE) Soars 21% as Inflows Hit Monthly High, Surpassing $3 Million

PancakeSwap’s CAKE token is the market’s top performer today, surging 21% in the past 24 hours.  At press time, the altcoin trades at $2.56.

This rally comes as CAKE records its highest daily spot inflow in a month amid strong demand and renewed investor interest in the token.

CAKE Rockets Higher with $3.37 Million Inflows—Is More Upside Ahead?

CAKE’s price rally is primarily driven by the sharp increase in trading activity on the PancakeSwap decentralized exchange (DEX). Over the past few days, the platform has seen a significant uptick in daily trading volume, outperforming Ethereum’s Uniswap and Solana’s Raydium.

The trend has triggered a surge in demand for the DEX’s native token, CAKE, causing its value to soar by double digits. The uptick in buying pressure is reflected by the token’s spot inflows, currently at $3.37 million, its single-day highest figure in the past month.

CAKE Spot Inflow/Outflow.
CAKE Spot Inflow/Outflow. Source: Coinglass

When an asset records spot inflows, the number of tokens purchased and moved into spot markets has increased, indicating rising demand. CAKE’s high spot inflows suggest that investors are actively accumulating the asset. If this buying pressure continues, it can drive further price appreciation. 

This is a bullish signal, especially as it is accompanied by positive market sentiment, as shown by the token’s funding rate, which is 0.0021% as of this writing. 

CAKE Funding Rate.
CAKE Funding Rate. Source: Coinglass

The funding rate is a periodic fee exchanged between long and short traders in perpetual futures contracts to keep the contract price aligned with the spot market. A positive funding rate means long traders are paying short traders, indicating strong demand and bullish market sentiment for CAKE.

With rising inflows and growing demand, CAKE’s price performance suggests that traders are positioning for further upside. If demand continues at this pace, the token could extend its gains, drawing even more liquidity into PancakeSwap’s ecosystem.

CAKE Holds Strong Above 20-Day EMA—Bullish Momentum Builds

CAKE’s rally has pushed it significantly above its 20-day exponential moving average (EMA) which now forms dynamic support below its price at $1.93.

This moving average measures an asset’s average price over the past 20 trading days. It gives more weight to recent price data, making it more responsive to price movements than a simple moving average. 

When an asset’s price climbs above the 20-day EMA, it signals bullish momentum, suggesting that buyers are in control and the asset may continue its upward trend.

If this trend persists, CAKE could extend its uptrend to $2.90.

CAKE Price Analysis.
CAKE Price Analysis. Source: TradingView

On the other hand, a resurgence in profit-taking activity could prevent this from happening. If CAKE demand stalls and it sheds its recent gains, its value could plunge to $2.41. If that support level fails to hold, the token’s price could drop to $2.01.

The post PancakeSwap (CAKE) Soars 21% as Inflows Hit Monthly High, Surpassing $3 Million appeared first on BeInCrypto.

Hedera (HBAR) Attempts Rebound with $1.85 Million in Fresh Inflows

HBAR has recorded its first spot inflow in the past seven days, attracting $1.5 million in fresh capital. 

This marks a positive shift in market sentiment as investors regain confidence in the altcoin. It also aligns with the broader market’s attempt to recover from recent downturns.

Bullish Momentum Builds as HBAR Gains $2 Million in Inflows

HBAR’s spot inflows surged to nearly $2 million on Monday, signaling a resurgence in bullish sentiment toward the altcoin. Data from Coinglass reveals that this is the first time HBAR has attracted fresh capital in seven days, marking a shift in investor confidence.

HBAR Spot Inflow/Outflow
HBAR Spot Inflow/Outflow. Source: Coinglass

According to the on-chain data provider, between March 11 and 16, the altcoin faced consistent sell pressure, with spot outflows exceeding $10 million. This latest inflow suggests a bullish reversal in market sentiment, hinting at a possible recovery as investors regain interest in HBAR.

Furthermore, the altcoin’s positive Balance of Power (BoP) highlights this renewed interest. At press time, this momentum indicator is in an upward trend at 0.62. 

HBAR BoP
HBAR BoP. Source: TradingView

The BoP indicator measures the strength of buyers against sellers in the market to identify momentum shifts. A positive BoP like this suggests that buying pressure outweighs selling pressure, indicating growing demand and potential price appreciation. 

If HBAR’s BoP remains positive, it confirms the bullish dominance, reinforcing the current buying pressure and supporting a sustained uptrend in the asset’s value.

HBAR Eyes $0.22 as Demand Grows—Will Bulls Maintain Momentum?

HBAR exchanges hands at $0.19 at press time, trading above the support floor at $0.17. As demand grows, the altcoin could climb toward the resistance at $0.22.

A successful break above this level could propel HBAR’s price to $0.26, a high it last traded at on March 4.

HBAR Price Analysis
HBAR Price Analysis. Source: TradingView

Conversely, the bullish outlook would be invalidated if sellers regain dominance and profit-taking strengthens. In this case, HBAR’s price could fall to $0.17. 

The post Hedera (HBAR) Attempts Rebound with $1.85 Million in Fresh Inflows appeared first on BeInCrypto.

MUBARAK Coin Price Soars 22% Amid This Binance Announcement, What’s Next?

MUBARAK Coin Price Soars 22% Amid This Binance Announcement, What's Next?

MUBARAK coin emerged as the latest hot buzz of the crypto sector, securing a prominent mark on traders’ and investors’ radars amid Binance founder CZ’s involvement in the meme coin. CZ recently hinted that he is Mubarak, a shilling cryptic move that sent shockwaves across the meme crypto industry. Now, with the crypto exchange titan itself revealing plans to launch a perpetual contract for the token, market sentiments over the crypto’s price prospects have turned highly bullish.

Notably, MUBARAK price is currently up 22% intraday in the wake of Changpeng Zhao spotlighting the token, further escorted by the CEX’s futures listing.

Mubarak Coin Gains Traction As It Secures Binance Listing

According to an official announcement dated March 17, Binance futures is launching a MUBARAKUSDT perpetual contract today at 13:30 UTC. The platform’s colossal user base remains primed to enjoy up to 25x leverage trading the new token.

This announcement by one of the top crypto exchanges ignited optimistic waves, paving the way for further investor interaction with the new asset. As market participants look to capitalize on emerging opportunities, a gush of money inflow into this meme token remains anticipated.

In turn, bullish market sentiments about MUBARAK coin’s price prevail across the broader market.

Is Binance’s CZ Mubarak?

CoinMarketCap’s data about this new token reveals that “CZ just subtly acknowledged that he’s Mubarak,” a cryptic move that sparked market discussions globally. On the other hand, a recent CoinGape report spotlights that CZ also bought $600 worth of the new meme coin, sparking a market frenzy.

When coupled with Binance’s futures listing, these developments add an extra layer of market optimism to the new token.

What’s More In The Listing Announcement?

Apart from enhanced trading support for MUBARAK coin, the crypto exchange behemoth unveiled Bubblemap’s (BMTUSDT) perpetual contract with up to 25x leverage. This announcement triggered 43% gains in the asset, reaching $0.1289, as indicated by the intraday trading chart.

MUBARAK Price Surges Over 20%

As of press time, MUBARAK price witnessed a 22% pump and exchanged hands at $0.09902. Notably, the coin hit an intraday peak of $0.1458, which was in sync with Binance’s announcement. Further, traders reacted positively to the abovementioned developments, as signaled by a 120% increase in the asset’s intraday trading volume to $165.45 million.

More Support From Binance?

Simultaneously, it’s noteworthy that in a previous announcement on Binance Alpha, the crypto exchange revealed support for the Mubarak coin. Binance Alpha is a platform featuring tokens that can be potentially considered for listings on the exchange moving ahead.

Overall, traders and investors anticipate potential gains in this newly launched token amid rising market demand and interest.

The post MUBARAK Coin Price Soars 22% Amid This Binance Announcement, What’s Next? appeared first on CoinGape.

Top Crypto Presales of 2025: Emerging Blockchain Projects Poised for Growth

Best Crypto Presale

The post Top Crypto Presales of 2025: Emerging Blockchain Projects Poised for Growth appeared first on Coinpedia Fintech News

Recent remarks made by President Donald Trump on the prospect of creating a crypto reserve represent a clear change in public opinion of cryptocurrencies. This transformation from speculative assets to genuine financial instruments with a part in monetary policy demonstrates a rising awareness that digital currencies could be useful tools to combat global inflation.

Having said that, for well-known cryptocurrencies like Bitcoin and Ethereum, the period of spectacular price swings, driven by mainstream adoption, has placed many early adopters in fortune today. For instance, as of May 2010, Bitcoin’s worth was $0.1 compared to the $109,000 ATH it saw recently. That is a whopping 109 million percent. This shows that real investment is found in investing early.

However, that same degree of increase might not come so fast for big names again. The next wave of increase is projected at projects at their early stage. Investors are now looking for the next project to invest in as 2025 has presented a broad field of possibilities.

This article presents top investment options based on proper research. These options are good for this time because, first, the market is preparing for the second wave of the bull run, which would take place after the ongoing retracement, and second, these projects have real-world utility and are not driven by mere hype.

Seek Protocol

Seek Protocol emerges as one of 2025’s most exciting blockchain prospects, pioneering the first platform on Solana to mix augmented reality, artificial intelligence agents, and geolocation technology. Demonstrating strong market validation, Seek Protocol has attracted $128,000 in initial funding, signalling robust investor confidence in its innovative approach.

While creators can use Seek Panel to distribute tokenized assets via gamified events, users of its flagship app, SeekAR, can search for digital treasures, tokens, and NFTs in real-world locations—earning it the community tag “Pokémon Go of crypto” for its Niantic-inspired tech. Through tailored AI companions and always-changing treasure hunts, the intelligent core of the platform—SeekAI, guarantees dynamic engagement.

With an initial market valuation of $8.89 million, Seek Protocol is quickly gaining traction among technology and blockchain enthusiasts. Furthermore, with its flagship app, SeekAR, launching alongside Solana Seeker devices in Fall 2025,   Seek Protocol is strategically positioned at the crossroads of AR gaming, AI innovation, and Web3 expansion. Designed to cater to a diverse audience—including AR enthusiasts, gamers, content creators, and Web3 pioneers—the platform goes beyond entertainment, offering real-world utility for meme token communities and digital asset developers. 

Harry Hippo ($HIPO)

Harry Hippo provides a distributed play-to-earn (P2E) game where participants fight to collect the native $HIPO token. Inspired by the hippos of Hacienda Napoli, this project goes beyond the standard meme coin label by including staking chances and in-game utility.

With 3 billion tokens overall, Harry Hippo wants to venture beyond gaming by including P2E gaming and crypto trading driven by artificial intelligence. Its road map calls for NFT collectibles to augment the player experience and Ethereum blockchain development of a complete GameFi metaverse ecosystem.

Qubetics

Qubetics positions itself as the ultimate translator in the crypto ecosystem, addressing the fundamental challenge of communication between different blockchain networks. It removes the friction and uncertainty consumers sometimes have while browsing distributed platforms by allowing flawless cross-chain connections, therefore providing a holistic experience wherein fragmented systems can at last link.

Emphasizing use situations whereby assets and data must flow freely across networks, the project highlights the practical worth of interoperability. With thousands of token holders indicating the requirement for strong infrastructure in an increasingly linked blockchain environment, Qubetics has attracted major interest within the community by streamlining blockchain interactions for corporations, developers, and daily users.

SpacePay ($SPY)

SpacePay is a UK-based FinTech company pioneering innovative point-of-sale crypto payment solutions. Aiming to change how individuals use digital currencies in daily life, the project is creating a leading near-field communication (NFC) solution for crypto transactions together with ambitions for a suite of commercial $SPY APIs.

Built on the Ethereum blockchain, SpacePay is giving security top priority along with a thorough contract audit ready to introduce its flagship SpacePay Payment APK. Its whitepaper claims that 20% of the whole token supply is set aside for strategic distribution, therefore underlining its dedication to a strong basis.

VeChain

VeChain distinguishes itself in the blockchain space by applying distributed ledger technology to transform supply chain management with practical, real-world solutions. Its scalable system lets companies monitor goods from manufacture to delivery, therefore improving authenticity and transparency while reducing fraud in worldwide supply chains.

VeChain has a track record of business adoption, unlike many blockchain initiatives that are still looking for significance. High-profile alliances with corporations like BMW, Walmart, and PwC underline its capacity to provide real value by adding blockchain into current processes to address ongoing issues in verification and product integrity.

Cosmos

Cosmos addresses one of the fundamental conundrums of blockchain technologies: the scalability trilemma restricting networks like Ethereum and Bitcoin. Its creative design ties independent blockchains into a coherent ecosystem so that each may grow independently and interact with the larger network. For distributed applications, this reinterpretation of blockchain connectivity presents a more flexible, efficient structure.

Cosmos has attracted developers and investors with notable progress towards creating an interoperable ecosystem. Fundamentally, the ATOM token—often known for its part in cross-chain activities and governance—is Cosmos sees a day when blockchain moves from isolated silos to networked systems, proving to be essential infrastructure for compatible uses.

Larva to Moon ($LARVA)

Using the worldwide popular Larva character IP, Larva To Moon is a unique meme coin offering future rewards-based P2E games where users earn the native $LARVA token. By means of voting on important decisions, a DAO system enables token holders to influence the direction of the project.

Designed on Ethereum as an ERC-20 token, the initiative distributes thirty percent of its total supply to staking incentives, therefore fostering long-term dedication. Combining gaming capability, governance, and staking produces a multifarious platform anchored on the Larva brand.

The post Top Crypto Presales of 2025: Emerging Blockchain Projects Poised for Growth appeared first on Coinpedia Fintech News
Recent remarks made by President Donald Trump on the prospect of creating a crypto reserve represent a clear change in public opinion of cryptocurrencies. This transformation from speculative assets to genuine financial instruments with a part in monetary policy demonstrates a rising awareness that digital currencies could be useful tools to combat global inflation. Having …

This Low-Cost Cryptocurrency Could 50x Your Investment – Here’s Why Analysts Are Bullish on This Token

mutuum-finance

The post This Low-Cost Cryptocurrency Could 50x Your Investment – Here’s Why Analysts Are Bullish on This Token appeared first on Coinpedia Fintech News

Finding undervalued cryptocurrencies with real growth potential can be challenging, but Mutuum Finance (MUTM) is quickly proving itself as one of the most promising opportunities in the market. Currently priced at just $0.02 in its presale phase, this low-cost token is attracting attention from analysts and investors alike. Many experts believe that MUTM is set to surge by 50x in the coming months as its adoption grows, making it an ideal investment before prices take off.

Mutuum Finance (MUTM)

Mutuum Finance is more than just a token—it is a fully decentralized lending and borrowing platform that enables users to supply crypto assets, earn passive income, and access liquidity without selling their holdings. Unlike speculative assets, MUTM has built-in financial utilities that encourage long-term participation. With all transactions executed through smart contracts, the platform ensures security and transparency, eliminating intermediaries and providing users with full control over their funds.

The presale has already gained significant traction, raising over $3.5 million and attracting thousands of investors eager to secure their positions at the lowest possible price. As demand rises, each presale phase brings a price increase, making it increasingly difficult for new buyers to enter at early-stage valuations. The token is set to launch at $0.06, meaning those who invest at $0.02 are already positioned for a 3x return at listing.

One of the strongest price drivers for MUTM is its buy-and-distribute mechanism. A portion of the platform’s revenue will be used to buy back MUTM tokens from the open market, creating continuous buying pressure. These tokens will then be distributed to mtToken holders, rewarding long-term participants while stabilizing the token’s price. This model ensures a sustainable demand cycle, making MUTM a strong candidate for consistent value appreciation.

MUTM is expected to be listed on major exchanges due to its fast-growing community and strong DeFi utility. With increasing adoption and a structured lending and borrowing system, the token is attracting both retail and institutional interest. Exchange platforms prioritize assets with real use cases and active investor engagement, making MUTM a strong candidate for top-tier listings.

muttum-finance

Additionally, the team plans to launch a beta version of its platform at the same time as the token listing. This ensures that Mutuum Finance will have a functional product from day one, demonstrating its commitment to delivering long-term value rather than relying solely on speculation. Having an operational lending and borrowing system immediately available will further drive user adoption and demand for MUTM.

Mutuum Finance has a total supply of 4 billion MUTM tokens, strategically allocated to support long-term growth and ecosystem stability. The structured tokenomics ensure balanced distribution for liquidity, platform development, and community incentives, fostering sustainable demand. This model strengthens investor confidence while reinforcing the platform’s decentralized financial services.

Given its rapid fundraising, structured tokenomics, and growing interest from investors, the projected 50x price increase becomes a realistic expectation. When MUTM reaches $1, early buyers at $0.02 will see life-changing returns. With its expanding DeFi ecosystem, strategic exchange plans, and sustainable growth mechanisms, Mutuum Finance is positioning itself as a major player in the space.

To further engage its growing community, Mutuum Finance is also running a $100,000 giveaway, offering early supporters the chance to win MUTM tokens. This initiative is designed to reward investors while increasing participation and visibility for the project.

With its strong DeFi utilities, growing investor interest, and structured growth strategies, Mutuum Finance presents a rare early-stage opportunity. As demand increases and exchange listings approach, MUTM is set for significant price appreciation, making now the best time to secure a position before the surge begins.

For more information about Mutuum Finance (MUTM) visit the links below:

The post This Low-Cost Cryptocurrency Could 50x Your Investment – Here’s Why Analysts Are Bullish on This Token appeared first on Coinpedia Fintech News
Finding undervalued cryptocurrencies with real growth potential can be challenging, but Mutuum Finance (MUTM) is quickly proving itself as one of the most promising opportunities in the market. Currently priced at just $0.02 in its presale phase, this low-cost token is attracting attention from analysts and investors alike. Many experts believe that MUTM is set …

Telegram’s TON-Based Crypto Wallet Introduces New Features for Multi-Asset Trading

In a major development for the Crypto Trading and Web3 ecosystem embedded in top messaging apps, Telegram has introduced new features to its TON-based crypto wallet, enabling seamless multi-asset trading within the app.

The upgrade is set to enhance accessibility and usability for Telegram’s massive global user base, further positioning the platform as a key player in the crypto space.

Key Features of the Telegram’s Crypto Wallet Update

According to the latest announcement, the new wallet upgrade includes:

  • Multi-Asset Trading: Users can now trade various cryptocurrencies directly through the Telegram wallet, streamlining transactions within the app. Aiming to bring more tokens soon, it will allow users to trade hundreds of crypto coins, including ETH, XRP, DOGE, and PEPE, using USDT or TON and build portfolio — all via its wallet.
  • Seamless Swaps: The wallet supports instant swaps between supported assets, ensuring fast and low-cost transactions.
  • Introduces Wallet Earn: Making it a permanent feature of Telegram’s Crypto Wallet, with the first campaign for TON holders already live. This feature will allow users to start earning long-term rewards, with daily earnings automatically added to their balance. They can withdraw or add funds anytime with zero fees.  It says that while the average yield is 4%, it will vary based on validators’ reward. 
  • User-Friendly Interface: A refined UI design makes trading and asset management more intuitive, catering to both novice and experienced users.

Embracing Crypto Trading in Messaging Apps

Telegram first introduced its official TON-based crypto wallet in September 2023, allowing users to send and store digital assets directly within the app. Since then, the wallet has seen continuous enhancements, with the latest upgrade offering multi-asset trading support.

This feature enables users to trade different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Toncoin (TON), without needing to leave the Telegram ecosystem.

The integration of multi-asset trading aligns with Telegram’s broader push to bring decentralized finance (DeFi) tools to mainstream users. By simplifying crypto transactions and trading, Telegram aims to lower the barrier to entry for millions of users unfamiliar with traditional crypto exchanges.

Industry experts suggest that the new features could challenge traditional exchanges and DeFi platforms by providing a more accessible and integrated trading experience. “Telegram’s move to enable multi-asset trading within its wallet is a game-changer. It reduces the need for external crypto exchanges and simplifies access to digital assets,” said a blockchain analyst from Coingape.

What’s Next for Telegram’s Crypto Wallet?

Telegram has hinted at further enhancements in the pipeline, including support for more cryptocurrencies, DeFi integrations, and staking options. The company is also reportedly exploring ways to integrate its wallet with other Web3 applications, further solidifying its position in the crypto industry.

As competition in the blockchain space intensifies, Telegram’s move to expand its TON-based wallet with multi-asset trading positions it as a formidable player in the digital asset ecosystem. Whether this innovation will disrupt traditional crypto exchanges remains to be seen, but one thing is clear: Telegram is determined to push the boundaries of mainstream crypto adoption.

The post Telegram’s TON-Based Crypto Wallet Introduces New Features for Multi-Asset Trading appeared first on CoinGape.

Cryptocurrencies Price Prediction as Trump Set to Broker Ukraine Peace Deal With Putin

Cryptocurrencies Price Prediction as Trump Set to Speak with Putin Regarding Ukraine Peace Deal

Cryptocurrencies could be poised for a massive price recovery as President Donald Trump prepares to speak with Russian President Vladimir Putin about a potential Ukraine peace deal. With geopolitical tensions influencing investor sentiment, crypto price movements could see significant volatility. Will a breakthrough in negotiations spark a bullish surge, or will uncertainty keep prices fluctuating? 

Cryptocurrencies Price in Focus Ahead of Trump-Putin Talks on Ukraine 

According to Bloomberg, President Trump is scheduled to speak with Putin on Tuesday and has expressed optimism about a possible resolution to the Russia-Ukraine war. He stated there is a “very good chance” of reaching a positive outcome.

However, White House officials, including National Security Adviser Mike Waltz, have acknowledged major hurdles in achieving a ceasefire.

Geopolitical uncertainty often weakens the price of risk assets like cryptocurrencies and stocks. Therefore, if there is a breakthrough in the matter, it could be bullish for Bitcoin and altcoins.

At press time, traders appear skeptical of a peaceful resolution to the war. The Nasdaq and S&P 500 futures have declined as analysts flip bearish on the US stock market. Bitcoin price has also dropped slightly by 1.3% to around $83,600.

Russia-Ukraine Deal is Bad for US Dollar But Good For Crypto 

The end of the Russia-Ukraine war may be bad for the US dollar, which is already underperforming against other major currencies due to Trump’s tariff war. However, a weaker US dollar will be good for cryptocurrencies price as traders seek out other safe havens. 

Trump’s tariff war has stirred economic uncertainty and reduced reliance on the dollar. Meanwhile, the possibility of the end of the Russia-Ukraine war has boosted the price of European currencies, leading to the US dollar index falling to a five-month low. 

Cryptocurrencies Price Prediction as Trump Set to Speak with Putin Regarding Ukraine Peace Deal
US Dollar Index

If investors anticipate a short-term weakening of the US dollar, it may lead to capital rotation into cryptocurrencies as traders hedge against currency devaluation, leading to higher price moves.

Will Trump-Putin Meeting Push Bitcoin Price to $90,000? 

Bitcoin price trades at $83,065 today with a marginal 0.5% increase in 24 hours. BTC is at a pivotal point where a breakout from a symmetrical triangle pattern on the four-hour price chart will determine the next move. 

Crypto analyst Carl Moon notes that if BTC breaks above the upper trendline of this triangle, it could trigger a bullish Bitcoin price prediction and a 12% rally toward $94,000. This rally could be supported by a successful outcome from Tuesday’s meeting, leading to price gains across the cryptocurrencies market.

Conversely, if this uptrend fails and BTC price drops, it will result in another downtrend, possibly to the $72,000 price level. 

Cryptocurrencies Price Prediction as Trump Set to Speak with Putin Regarding Ukraine Peace Deal
BTC/USDT: 4-Hour Chart

Besides the bullish technical outlook, whales also seem to be accumulating BTC. This follows the recent purchase of $10M Bitcoin by MicroStrategy. This suggests whale positioning ahead of the Trump-Putin meeting. 

The post Cryptocurrencies Price Prediction as Trump Set to Broker Ukraine Peace Deal With Putin appeared first on CoinGape.

Is North Korea Pushing For Bitcoin Reserve? CZ Sparks Speculations

Is North Korea Pushing For Bitcoin Reserve? CZ Sparks Speculations

In a recent development, North Korea has flipped Bhutan and El Salvador in crypto holdings, becoming the fourth largest Bitcoin holder. Reflecting on the development, Binance founder Changpeng Zhao (CZ) sparked speculations about North Korea’s Bitcoin reserve plans.

Significantly, North Korea’s ascend in Bitcoin holdings follows the notorious Lazarus Group’s Bybit hack. Though the hackers stole $1.4 billion in ETH, the latest reports reveal that the group converted most of the stolen funds to BTC.

CZ Teases North Korea’s Bitcoin Reserve Plans

As North Korea has become the fourth largest country in terms of Bitcoin holdings, Binance founder Changpeng Zhao hints at the country’s potential Bitcoin reserve adoption. In a playful manner, CZ shared an X post, commenting, “Different ways to build a strategic crypto reserve.”

Notably, the addition of an emoji of hysterical laughter in his post could convey his extreme surprise at the development. He humorously suggests that North Korea’s BTC accumulation is an unconventional yet effective way to build a strategic Bitcoin reserve. This could also imply the irony that a country like North Korea, often viewed as isolated, is actively building a significant Bitcoin reserve.

North Korea Accumulates Bitcoin: What Does It Mean?

According to Arkham Intelligence, Lazarus Group, the notorious hackers of North Korea, currently holds a total of 13,518 BTC. As of Bitcoin’s current price of $83,263, North Korea’s BTC holding is valued at a staggering $1.13 billion.

Notably, the US is the largest holder of Bitcoin with a total of 198,109 BTC ($16.47 billion). Closely following are China and the United Kingdom, boasting 195,000 BTC (16.18 billion) and 61,245 BTC ($5.1 billion), respectively.

Previously, El Salvador and Bhutan secured the fourth and fifth positions with Bitcoin holdings of 10,634 BTC ($886 million) and 6,118 BTC ($509.5 million), respectively. Following the $1.4 billion Bybit hack, North Korea jumped to the fourth place, overtaking Bhutan and El Salvador. Despite reportedly rising to third place, North Korea’s cryptocurrency holdings actually rank fourth, trailing behind those of the United States, China, and the United Kingdom.

This has sparked speculations of North Korea’s potential Bitcoin reserve strategy, further fueled by Changpeng Zhao’s comments.

Is North Korea Embracing Bitcoin Reserve?

Surprisingly, the coincidence in North Korea’s rise in BTC holdings and the US’ Bitcoin reserve adoption has raised speculations. The cryptocurrency community is puzzled as to why the Lazarus Group chose to convert the pilfered funds into BTC. Meanwhile, Changpeng Zhao’s comments intensified anticipations of North Korea’s possible Bitcoin reserve adoption.

Meanwhile, the Bank of Korea rejected the idea of adopting the Bitcoin reserve in opposition to South Korea lawmakers’ proposal. The BoK stated, “In the case of cryptocurrency market instability, transaction costs to cash out Bitcoins could rise drastically.”

The post Is North Korea Pushing For Bitcoin Reserve? CZ Sparks Speculations appeared first on CoinGape.

3 Altcoins to Buy as Smart Money Sell Solayer, AAVE and Pi Network Tokens

3 Altcoins to Buy as Smart Money Sell Solayer

Smart money investors have sold some popular cryptocurrencies during the ongoing crypto bear market. At the same time, on-chain data shows that these smart money pros are buying the dip in some cryptocurrencies. This article looks at some of the top altcoins to buy as smart money sells tokens like Solayer, AAVE, and Pi Network.

Smart Money is Selling Solayer, AAVE, and Pi Network

Third-party data shows that smart money investors have sold some tokens in the last 24 hours. These investors sold Solayer tokens worth over $7.3 million, Pi tokens worth $2.05 million, and AAVE coins worth $1.2 million. 

They are selling Solayer because of profit-taking after soaring by almost 90% from its lowest point last week. AAVE and Pi Network selling is likely happening as these smart money investors anticipate more downtrend in the near term. 

Top 3 Altcoins to Buy as Smart Money Investors Buy the Dip

Some of the top altcoins to buy as smart money investors accumulate are Virtuals Protocol (VIRTUAL), Arbitrum (ARB), and Pepe (PEPE).

Smart money is buying these tokens
Smart money is buying these tokens

Virtuals Protocol (VIRTUAL)

Smart money investors are buying the dip in the VIRTUAL price after it crashed by over 85% from its highest level this year. They accumulated tokens worth almost $950k in the last 24 hours. 

The most likely reason for the purchase is that these smart money investors anticipate that it will do well during NVIDIA’s GTC event in California. Jensen Huang, the CEO, will be the keynote speaker and will likely unveil new AI solutions.

Therefore, these investors likely expect that the VIRTUAL price will bounce back because NVIDIA is the biggest player in AI. For one, it may do well if it is mentioned in the keynote since it is the biggest AI generator in crypto. VIRTUAL’s MACD has also formed a bullish divergence pattern on the daily chart. 

VIRTUAL Price
VIRTUAL Price

Arbitrum (ARB)

Arbitrum is one of the top altcoins to buy as smart money investors accumulate. They bought ARB tokens worth $571k in the last 24 hours. One reason for their accumulation is that, like VIRTUAL, it has formed a bullish divergence pattern. The two lines of the MACD indicator have continued rising as the token falls. Similarly, the Relative Strength Index (RSI) has risen from the oversold level of 25 to 43. A bullish divergence is a popular bullish sign. 

Arbitrum price chart
Arbitrum price chart

Pepe Coin (PEPE)

Smart money investors are buying Pepe, whose price has crashed by double digits from its highest level this year. Pepe coin has formed a bullish divergence pattern on the daily chart. It also formed a double-bottom pattern whose neckline is at its all-time high of $0.00002840. It also formed a falling wedge pattern, pointing to an eventual rebound. 

Pepe Price Chart
Pepe Price Chart

Summary on the Top Altcoins to Buy

Bitcoin and most crypto prices remain in a deep bear market after crashing by over 20% from their local highs. This crash presents a good opportunity to buy quality tokens on the cheap. One way of doing this is to look at the actions of smart money investors. These sophisticated pros are now buying altcoins like Arbitrum, Pepe, and VIRTUAL.

The post 3 Altcoins to Buy as Smart Money Sell Solayer, AAVE and Pi Network Tokens appeared first on CoinGape.