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PUMP, the native token of meme coin launchpad Pump.fun, has slipped another 6% in the past 24 hours, effectively underperforming relative to other meme coins.

With Solana meme coins enjoying periodic hype cycles, sustained attention and capital injection could give Pump.fun an edge.

Pump.fun To Back Organic and Active Communities

Pump.fun introduced the Glass Full Foundation (GFF), a liquidity support program designed to inject significant capital into meme coin projects within its orbit.

According to the team, the move is part of a broader mission to expand the Solana ecosystem and nurture its most diehard cults.

With GFF presenting as a vehicle to accelerate the platform’s most organic, active, and promising communities, the launchpad will allocate funds directly to ecosystem tokens. This means providing liquidity to ensure healthier market activity and greater investor confidence.

“The Foundation has already begun with several projects receiving initial support and will continue deploying capital,” Pump.fun said in its post on X (formerly Twitter).

Liquidity remains critical to the survival and growth of smaller-cap meme coins. GFF aims to reduce volatility for such tokens by directly injecting funds into ecosystem tokens.

The move could also reduce narrow spreads and give projects more runway to grow their communities.

While Glass Full Foundation represents a bold commitment to nurturing the Pump.fun ecosystem, PUMP token registered a muted market response.

PUMP price has increased by a modest 0.8% in the last 24 hours and was trading for $0.003364 as of this writing. CoinGecko data shows the meme coin is underperforming relative to its peers in the sector.

The tepid reaction highlights investor caution in a volatile meme coin sector. It follows days of anticipation in the Pump.fun community after Alon Cohen, the launchpad’s founder, promised a big announcement.

Following the announcement, whale interactions with PUMP fueled a 15% surge in the token’s price.

Pump.fun Fires $12 Million Token Buyback Cannon

Many investors expected the reveal to trigger another leg up in the token’s price, given the initiative’s aim to support liquidity and buying power.

While the initiative may have long-term benefits, short-term traders seek a more direct price catalyst, such as a major exchange listing, token burn, or airdrops.

“Is this an airdrop?” wrote Abhi, a popular user on X.

Pump.fun gives them one better by resorting to a token buyback, a bullish catalyst that often bolsters demand by reducing supply.

Arkham Intelligence says Pump.fun is buying over $5 million worth of PUMP. According to the blockchain analytics firm, this marks a subsequent purchase after a previous one of almost $7 million, with partial holdings stored on Squads Vault.

“That is not just buying pressure, it is a full-on feedback loop, Pump buying Pump fuels the fire,” one user remarked.

Some users see these initiatives as the network’s push to secure its market share in the meme coin sector against players like BONK.

The post PUMP Underperforms Despite Pump.fun’s Buyback and Liquidity Program  appeared first on BeInCrypto.

Bitcoin’s price has steadily risen, climbing approximately 4% over the past seven days. This trend reflects improving market sentiment and growing optimism among investors. 

As momentum builds, key on-chain indicators signal the possibility of a sustained rally in the coming trading sessions.

Bitcoin Miners Hold Tight

Bitcoin miners have resumed accumulation, with the coin’s miner reserve reaching a weekly high of 1.8 million BTC. 

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

The Bitcoin miner reserve tracks the number of coins held in miners’ wallets. It represents the coin reserves miners have yet to sell. When it declines, miners are moving coins out of their wallets, usually to sell, confirming growing bearish sentiment against BTC. 

Converesly, when it climbs, miners are holding onto more of their mined coins, which usually reflects confidence in future price appreciation and a bullish outlook.

Furthermore, the decline in BTC’s Miner-to-Exchange Flow highlights the accumulation trend among miners on the network over the past seven days.

According to CryptoQuant, this metric, which measures the total amount of coins sent from miner wallets to exchanges, has plunged by 10% during that period.

When BTC’s Miner-to-Exchange Flow falls, miners hold back from selling and keep their coins off exchanges. This reduced selling pressure signals growing confidence in BTC’s price and can help strengthen its rally.

Moreover, last week, weekly inflows into spot Bitcoin ETFs turned positive, reversing the negative outflows recorded in the previous week. Per SosoValue, between August 4 and 8, capital inflow into these funds totaled $247 million.

This shift signals renewed institutional buying interest and a change in market bias toward BTC. Institutional investors remain confident that the coin will extend its gains and are increasing their direct exposure through ETFs. 

Can BTC Push Past $118,851 to $120,000?

This combination of renewed institutional demand and miner confidence strengthens the case for BTC’s near-term return to above $120,000. However, for this to happen, the king coin must first break above the resistance at $118,851. 

On the other hand, if accumulation stalls, the coin could resume its decline and fall toward $115,892.  

The post How Bitcoin Miners Could Drive a New All-Time High For BTC appeared first on BeInCrypto.

XRP’s market momentum has slowed since Friday, with trading activity cooling and price action moving sideways. 

The token, which had seen modest movement earlier in the week, now shows signs of reduced volatility and weakening demand, raising concerns about a potential bearish shift.

XRP Trading Flatlines, But Sellers Could Soon Take Control

Readings from the XRP/USD one-chart show that the altcoin has trended within a narrow range over the past three trading sessions. Since Friday, XRP has faced resistance at $3.30 and found support at $3.22. 

This follows a four-day rally between August 3 and 7, during which the token surged by 20%. The current sideways trend indicates reduced market volatility, reflecting a relative balance between buying and selling pressure. 

In such phases, the market is often in a “wait-and-see” mode, with traders anticipating a catalyst to determine the next price move.

The decline in volatility is evident in XRP’s Average True Range (ATR), which has dropped by 10% since August 7. The ATR measures the degree of price fluctuation over a set period, and a falling ATR signals calmer market conditions with less volatility.

While periods of low volatility suggest market stability, it can also mean traders are becoming less active, often a precursor to a sharp breakout in either direction.

Furthermore, XRP’s Elder-Ray Index strengthens the case for a potential bearish breakout. This indicator measures the strength of buyers (bull power) and sellers (bear power) by comparing price movements against a moving average. 

On XRP’s daily chart, the Elder-Ray Index has been posting green histogram bars, representing bullish strength, that have steadily diminished in size over the past few days.

This contraction points to a loss of buying momentum and creates an opening for sellers to assert control and drive XRP’s price lower.

XRP Faces Make-or-Break Moment Between $3.22 and $3.66

Strong sell-side pressure could trigger a break below support at $3.22. If this happens, XRP’s price could deepen its decline and fall to $2.99.

However, XRP could push above the price wall at $3.33 if new demand resurfaces. A successful breakout could open the door for a rally toward $3.66. 

The post XRP Volatility Might be Fading – Downside Break or Rally Ahead? appeared first on BeInCrypto.

Amid the rise of altcoin-focused treasury companies, Strategy (formerly MicroStrategy) co-founder Michael Saylor reaffirmed that he remains committed to Bitcoin.

Far from being concerned, Saylor views the growing adoption of altcoins as part of a broader ‘explosion of innovation’ in the digital asset space—one that he believes ultimately strengthens the entire sector, including Bitcoin.

Bitcoin Over Everything: Michael Saylor’s Focus Amid Altcoin Frenzy

In an interview with Bloomberg, Bitcoin maximalist Saylor stressed that despite growing interest in altcoins, most of the capital is still going into Bitcoin.  

“So I’m laser like focused on Bitcoin,” he said.

The Strategy co-founder revealed that the number of companies adding Bitcoin to their treasuries has more than doubled in just six months, jumping from roughly 60 to 160. Furthermore, Saylor labeled Bitcoin as ‘digital capital.’

He forecasted that it would surpass the S&P 500 in performance over the long term

“I think it’s the clear global monetary commodity in the world right now. So it’s the lowest risk, highest return, most straightforward strategy if you want to outperform the S&P and if you want to inject vitality and performance into your balance sheet,” Saylor added.

His latest remarks came after Strategy announced its third-largest Bitcoin purchase. Between July 28 and August 3, the company bought 21,021 BTC for $2.46 billion. The firm, the largest public holder of BTC, has 628,791 BTC worth $74.33 billion.

Strategy’s Bitcoin bet has also proven lucrative. In Q2, the firm reported a net income of $10.02 billion, a shift from the losses posted in the first quarter.

The End of Bitcoin-Only Treasuries? How ETH is Stealing the Spotlight

While Saylor’s conviction in Bitcoin remains unshaken, Ethereum is becoming the next preferred choice for many institutional players. Moreover, their conviction is not without reason. 

Industry leaders point to its adaptability, evolving ecosystem, and diverse applications—from tokenization to enterprise solutions—as factors driving long-term confidence. In fact, Standard Chartered’s Geoff Kendrick argued that Ethereum-focused treasury companies “make more sense” than their Bitcoin counterparts. The reason, he explained, is

“Due to staking yield, DeFi leverage. And from a regulatory arbitrage perspective, they make more sense than their BTC equivalents, too.

In addition, Shawn Young, Chief Analyst at MEXC Research, recently told BeInCrypto that the industry has moved beyond the era of Bitcoin-only corporate treasuries.

“Companies are increasingly diversifying across ETH, SOL, BNB, and TON, treating them as strategic assets aligned with the evolving structure of digital finance. This marks a significant departure from the traditional institutional finance playbook. Firms are beginning to align their treasury portfolios with the operational logic of crypto-native ecosystems, prioritizing liquidity, programmability, and exposure to on-chain growth sectors, Young mentioned.

He explained that firms publicly disclosing their digital asset holdings are setting a new benchmark. According to Young, companies integrating cryptocurrencies into their treasuries today could help shape the new corporate standard in the coming years.

The post MicroStrategy’s Saylor Says Altcoin Corporate Treasuries Will Help Bitcoin appeared first on BeInCrypto.