With Bitcoin gaining momentum, the crypto markets have begun to rise. With the trading volume restricted within a range, the bulls were working hard to maintain a healthy ascending trend. Meanwhile, the SUI price seems to have been failing to gain the investor’s attention as the price levels continue to trade within a range-bound, facing enormous upward pressure.
Now the question arises whether the SUI price will drop to the local support and offer a good entry for new investors or repeat the previous pattern and print a huge bullish candle, rising over 20%.
Recently, the SUI blockchain experienced a major exploit that drained over $200 million from the markets. Besides, Hyperliquid price broke out of the range and formed a new ATH that dragged SUI price below in the crypto rankings, which has been a major setback. In the times when the price is not displaying a possibility of a breakout, the SUI price is now believed to test the local support before the next price action.
The SUI price is stuck within a pivotal range between the resistance zone of $3.73-$3.8 and the support zone of $3.3-$3.23. Currently, the price has dropped to the lower bands of Bollinger, while they have begun to squeeze, which indicates a period of low volatility. However, a squeeze usually results in a breakout and a potential trend reversal. Meanwhile, the price is expected to consolidate a little more to trigger a breakout, and hence, a drop to the support appears to be fast approaching.
On the other hand, the CMF and RSI continue to maintain a steep descending trend, which suggests a drop in the rally strength as well as the money flow into the token. This substantiates the bearish claim of plunging to $3.25, which may erase the selling pressure and pave the way for a strong rebound followed by a healthy ascending trend.
Ripple is increasing the size of its investments in cryptocurrency custody, but legal expert John Deaton says the stablecoin issuer is playing the long game. John Deaton says the change in direction will see Ripple offer tokenization-as-a-service to global financial institutions, potentially improving the XRP price.
Ripple Turns Its Sight On Custody Services
According to an X post by crypto lawyer John Deaton, Ripple Labs is pitching its addition of custodial offerings to its range of payment services. Deaton says that a bird’s eye view of Ripple’s plays will reveal the bigger picture for the stablecoin issuer.
For Deaton, Ripple’s Hidden Road broker deal is the clearest signal for the company’s foray into custodial services. Ripple has previously acquired Metaco and Standard Custody in 2023 and 2024, splurging billions on the acquisitions.
John Deaton notes that the primary reason for the pivot to custodial service is a play to position Ripple as an all-in-one hub for financial institutions embracing distributed ledger technology.
“By offering custody alongside payments and stablecoin solutions, Ripple becomes a one-stop shop for financial institutions integrating blockchain technology,” said Deaton.
Deaton notes that the aggressive push toward custody services is an attempt to “make up for lost time” following its long-running SEC case. The crypto lawyer surmises that Ripple is keen on snatching a chunk of the market share amid projections of the custody market capitalization tipped to reach 16 trillion in market share by 2030.
Deaton Says The End Game Is A Big Push Toward Tokenization
According to John Deaton, Ripple is positioning itself to advance toward providing tokenization-as-a-service to banks. Ripple will achieve this by leveraging its growing custody infrastructure to provide a seamless window for financial institutions to tokenize traditional assets.
John Deaton says the future offerings will allow financial sector players to tokenize stocks and real estate from a single platform. The end game will see the XRP Ledger evolve to be the hub for tokenized assets, with the RLUSD stablecoin playing a significant role.
The tokenization use case will improve the stablecoin adoption, with a CoinGape article predicting XRP’s price if RLUSD captures 80% of USDT’s market share. Deaton says Ripple is increasing its activity levels to put significant distance between itself and its closest competitor.
“Looks to me that Brad Garlinghouse is making up for lost time after being slowed down by the SEC lawsuit,” said Deaton.
Ripple is facing increasing competition from Circle’s Payment Network launch, designed to offer real-time payments. At the moment, XRP price is trading at $2.30, gaining nearly 7% over the last day.
Pi Coin plunged 45% after a brief rally fueled by Consensus 2025 announcements, with indicators and on-chain data signalling weakening momentum and a bearish outlook unless new catalysts emerge.
Key Highlights:
Pi Coin is down 45% from its recent high, currently trading at $0.6984.
Market cap rose 95% in 5 days and then dropped $3.7B within 3 days.
Top 100 wallet concentration fell from 98.76% to under 5% from May 6 to May 16.
EMAs at $0.79–$0.85 have turned into resistance, confirming bearish momentum.
Analyst outlook remains cautiously bearish amid fading indicators and failed support.
Pi Network (PI) is currently trading at $0.6984, down over 45% from its recent high of $1.57 with market cap now at $5.1B. From May 8 to May 13, Pi’s market cap jumped from $4.5B to $8.8B, almost doubling in just five days. But by May 16, it had fallen back to $5.1B, losing over $3.7B in value in just three days.
This sharp drop came after a short-lived price boost caused by major announcements — including the shutdown of Pi’s central node and the launch of a $100M Pi Network Ventures fund, both revealed during Consensus 2025 (May 13–14).
The fast rise and fall show that Pi’s price still reacts quickly to news rather than steady growth. While the rally briefly caught market attention, the rapid drop has heightened caution among traders.
PI/USDT Technical Analysis: Indicators Show Weak Momentum and Bearish Bias
The rally that started on May 8 lifted Pi above $1, peaking at $1.57 on May 13, driven by major news. But buying power faded just as fast.
Now, Pi trades under the 20, 50, 100, and 200-day EMAs — stacked between $0.79–$0.85 — which have flipped into resistance. The MACD has turned bearish, with the line almost crossing below the signal. The histogram, though not yet red, is narrowing, signalling fading buying pressure. The RSI, now at 42, points to neutral-to-bearish momentum.
The On-Balance Volume (OBV), which reflects buying vs. selling pressure, has dropped over 12% from its recent high, indicating a slowdown in net accumulation. Resistance sits at $0.79–$0.85.
Pi Coin is now testing key support levels at $0.68 and $0.59, which were important price zones before the rally on May 8. Instead of moving sideways in a range, the price has dropped from the peak and is now settling where buyers previously stepped in, waiting for a fresh trigger to move again.
A fall below $0.59 could open the way to $0.45. The Analysis of the PI network remains cautiously bearish unless Pi reclaims its EMAs with strong volume.
Pi On-Chain Metrics: Wallet Concentration Shift and Volume Drop
Volume surged to $2.2B on May 12, then dropped to $588M by May 16, down 73%, suggesting a fading hype cycle.
The CoinCarp chart, which displays wallet distribution by holder ranks, shows that the Top 100 wallet concentration dropped sharply from 98.76% on May 6 to 14.76% by May 13, before settling under 5% by May 16.
On May 13 specifically, the top 10 holders owned just 1.31%, and the top 50 held 2.7%. This dramatic shift likely reflects internal wallet reshuffling rather than actual retail distribution. The rapid redistribution during the rally aligns with bearish technical indicators, showing that major holders possibly took profits during the hype phase..
Conclusion: Event-Reactive Sentiment Keeps Pi Coin Volatile
Pi Network’s 45% rally and the subsequent steep correction were driven by short-lived hype, notably from announcements made during Consensus 2025 (May 13–14).
This reflects how event-based sentiment still drives Pi’s price more than fundamental progress. The rapid market cap swing — a $3.7B decline in just three days — reveals how sensitive Pi remains to major headlines.
Going forward, potential catalysts such as a mainnet activation or ecosystem adoption could reignite interest. Until then, Pi Coin is likely to continue trading on speculative momentum, and traders should monitor support zones closely for further downside risk or relief bounce attempts.
The post Pi Coin Price Crashes 45% After Hype Fades: Is More Downside Coming? appeared first on Coinpedia Fintech News
Pi Coin plunged 45% after a brief rally fueled by Consensus 2025 announcements, with indicators and on-chain data signalling weakening momentum and a bearish outlook unless new catalysts emerge. Key Highlights: Pi Coin is down 45% from its recent high, currently trading at $0.6984. Market cap rose 95% in 5 days and then dropped $3.7B …
