Cardano’s price has seen a steep 22% decline over the past week, mirroring the broader market downturn. As of this writing, the eighth-largest cryptocurrency by market capitalization retails at $0.73.
However, its long-term holders (LTHs) remain unfazed. On-chain data shows that they are holding onto their assets rather than selling.
Cardano’s Long-Term Holders Double Down
There has been a steady trend of HODLing among ADA’s LTHs, as reflected by its rising Mean Coin Age. According to Santiment, this metric’s value is up 1% since March 3.
An asset’s Mean Coin Age tracks the average age of all its coins in circulation to provide insights into market trends and hodling patterns among investors.
When it rises, it suggests that investors are holding onto their coins, signaling accumulation and confidence in the asset’s long-term value. This reflects strong hands and hints at a potential bullish outlook for ADA, especially in light of recent broader market headwinds.
Moreover, ADA whales have increased their accumulation during the period under review, highlighting the surge in positive sentiment toward the altcoin. On-chain data from Santiment shows that large investors holding between 100,000 and 1,000,000 coins have collectively acquired 20 million ADA over the past week.
When large investor holdings increase like this, it signals strong confidence among key holders. It reduces an asset’s available supply, creating upward price pressure.
ADA Eyes $0.94 as Buyers Dominate
On the daily chart, ADA’s Balance of Power (BoP) is positive at 0.30. This indicator compares the strength of buyers and sellers in the market.
When its value is positive, buyers dominate the market, exerting stronger pressure than sellers. The bullish signal suggests upward momentum, which, if sustained, will lead to further ADA price appreciation.
In this instance, the coin’s price could rally toward $0.94. If this resistance is flipped into a support floor, ADA’s price could jump to $1.16.
Jeffy Yu, the 22-year-old co-founder of the artificial intelligence (AI) crypto project Zerebro, is at the center of a growing controversy following reports that he may have faked his death.
Initially believed to have committed suicide, Yu’s alleged passing triggered a massive surge in his legacy meme coin, LLJEFFY token. It skyrocketed to a market cap of around $105 million. However, mounting evidence suggests Yu may still be alive and actively involved in cryptocurrency transactions.
The Rise and Fall of Legacoin: Jeffy Yu’s Alleged Death and $105 Million Surge
On May 4, a video surfaced on X (formerly Twitter) purportedly showing Yu taking his own life during a livestream on the Pump.fun platform. This prompted widespread shock in the crypto community.
Heartbroken over the Zerebro dev’s tragic loss. A reminder to check on each other—this space can be tough. Rest in peace.
Family can be your rock through tough times—lean on them, talk it out, and let their love lift you up.
His now-deleted obituary was posted on the Legacy platform on May 6, and many tribute posts followed. That same day, a pre-scheduled article attributed to Yu was published. The article introduced the “Legacoin,” a new category of meme coins tied to legacy and permanence.
“If you’re reading this, it’s because my 72 hour deadman’s switch triggered so i’m not here, at least physically or my adhd really got the best of me (oops, i’ll post an update when i have that ‘oh shit’ moment, embarrassing if the token isn’t live) this is a legacoin, my final art piece LLJEFFY,” the blog read.
The coin offers no promises or returns. It is described as “interactive performance art” where the trading activity on the blockchain reflects human emotions like fear, greed, and hope. Yu also expressed discontent with how wealth and fame led to the breakdown of meaningful relationships.
“You only truly die when you’re forgotten How will you define your legacy?” Yu asked in his final blog.
After the blog went live, the associated token LLJEFFY surged in value. According to DEXScreener, its market capitalization reached approximately $105 million, marking an appreciation of 2,115%.
Zerebro’s own token also saw a modest rise, pushing its market cap to $46.5 million. Nonetheless, the rise was fleeting. As of the latest data, LLJEFY has lost 96.19% of its value, with its current market cap at just $4.0 million. ZEREBRO has also faced a double-digit decline of 19.9%, according to CoinGecko data.
Is the Zerebro Co-Founder Still Alive?
The rapid decline came as users started to post evidence that Yu was still alive and actively trading.
“Incredibly the ghost of the Zerebro dev is buying his “legacy coin” on his phantom wallet brings a whole new meaning to phantom wallet I guess,” a user noted.
On-chain analysis by X user Vee revealed that a wallet address (G5sjgjPdFdoz7hRa49yDobeSdqMooCmDwsCUERqLTfyr), allegedly linked to Yu, continued to be active after his reported passing.
“I’ve just noticed that one of Jeffy Yu’s addresses is dumping ZEREBRO, then sending USDC to the HTX exchange, and then that money is coming to Jeffy’s address that created LLJeffy,” Vee posted.
Moreover, Lookonchain revealed that a wallet, potentially associated with Yu, sold 35.55 million ZEREBRO for 8,572 SOL ($1.27 million). Following this, the wallet transferred 7,100 SOL ($1.06 million) to the developer wallet “G5sjgj” linked to LLJEFFY.
Further fueling suspicion, multiple sources, including crypto influencer Irene Zhao, cited insider knowledge claiming Yu faked his death. In addition, another user called Daniele posted a letter Yu allegedly sent to an early investor, admitting that he had created the video to move away from the public eye.
“Crypto just witnessed its first pseudocide exit strategy,” Daniele wrote.
In the letter, Yu shared that he had been harassed, blackmailed, and doxxed, leading him to fear for his safety. He outlined that stepping away openly would have negatively affected the value of his projects. Thus, he chose this route for his safety and peace.
“I have not profited from this situation; rather, the contrary, I have incurred substantial expenses in legal fees and related costs associated with this planned exit,” Yu wrote in the letter.
Despite a broader market lull, the XRP price may be due for another upside, with the latest tailwinds drawing from multiple bullish fundamentals.
Data shows that Ripple is among the world’s most valuable private companies, though other crypto firms are also featured on the list.
Ripple Ranks Among the Most Valuable Private Companies, CB Insights Shows
Data on CBInsights shows Ripple among the world’s most valuable private companies with a valuation above $15 billion. The platform’s list of unicorn companies shows Ripple at position 23 in a list topped by Elon Musk’s SpaceX at $350 billion valuation.
Notable Ripple investors include IDG Capital, Venture51, and Lightspeed Venture Partners. The firm joined the unicorn list on December 20, 2019.
“A unicorn company, or unicorn startup, is a private company with a valuation over $1 billion. As of July 2025, there are over 1,200 unicorns around the world,” CBInsights explained.
Notably, Ripple is among the 31 of the 50 most valuable private companies in the US. Other blockchain or crypto companies highlighted in the ranking include NFT marketplace OpenSea, with $13.30 billion, Bitman Technologies, and the KuCoin Exchange.
The world’s most valuable companies in 2025. Source: CBInsights
Beyond this market lead, Ripple’s powering token may soon turn heads, with XRP price action suggesting a looming recovery rally.
Will XRP Price Recover Amid Growing Momentum?
On the one-day chart for the XRP/USDT trading pair, the Ripple price has recovered most of the ground lost during the Saturday crash.
Based on the RSI (Relative Strength Index) indicator, momentum continues to grow despite the recent XRP market drawdown. This is seen with the higher lows on the RSI. If history rhymes (purple highlights on the RSI), XRP price could extend the ongoing recovery.
The volume profiles add credence to this supposition, showing XRP bulls are waiting to take an interest with the Ripple price around the $2.9750 threshold.
Increased bullish momentum could see XRP price rise, with a foray past the $3.1454 setting the tone for further upside. A decisive move above this roadblock could position the Ripple price to confront the resistance order block between $3.4823 and $3.6570.
XRP bulls looking to take long positions for Ripple’s next push toward a new peak should probably consider waiting for a candlestick close above the mean threshold of $3.5527 on the one-day timeframe.
However, cognizant of the selling pressure at current levels, seen with the black bars of the horizontal volume profiles, the XRP price could drop before reaching the $2.9750 blockade.
If the support at $2.7346 breaks, the Ripple price could drop to the bullish FVG (fair value gap) between $2.5678 and $2.6629. A candlestick close below the consequential encroachment (CE) at $2.6168 could exacerbate the downtrend.
“The MVRV ratio flashed a death cross for XRP, suggesting a steeper correction could be underway,” wrote Ali, an on-chain analyst on X (Twitter).
However, XRP still enjoys significant bullish volume below the bullish FVG, which positions the Ripple price for a possible turnaround around these levels.
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