Ethereum Price Climbs, but Analysts Warn of Risks Following Large Inflows

Monicah W

The post Ethereum Price Climbs, but Analysts Warn of Risks Following Large Inflows appeared first on Coinpedia Fintech News

Ethereum has posted a strong recovery over the past week. On April 9 alone, the ETH market saw a growth of 8.24%. In the last 24 hours, the market has surged by over 1.5%. However, fresh on-chain data shows a disturbing trend – an unusually large influx of ETH to derivatives exchanges. Is another price drop coming? 

Ethereum Regains Bullish Momentum – But Can It Hold? 

At the start of this month, the Ethereum price was $1,821.51. Although at one point on the second day of the month, the price touched a peak of $1,957.94, it plummeted to $1,794.51 by the time of closing. 

Between April 5 and 8, the ETH market slipped by over 18.86%. Since April 9, the market has surged by 7.82%. 

Compared to the first week, the market appeared more stable in the second week. Between April 7 and 13, the market climbed slightly by 2.83%. 

In the last seven days, the market has witnessed a rise of 0.1%.   

Ethereum Market Performance Source : TradingView

77,000 ETH Inflow to Derivatives Sparks Fresh Bearish Concerns 

The Ethereum Exchange Netflow (Total) – Derivative Exchanges chart reveals that over 77,000 ETH were sent to derivative exchanges yesterday. 

Ethereum Exchange Netflow Source : CryptoQunat

Reports indicate that the aforementioned unusual inflow was the largest daily inflow in March and April.

Yesterday, the ETH price declined from $1,588.44 to $1,577.07, marking a drop of 0.71%. At one point yesterday, the price touched as low as $1,537.28. 

These types of inflows often suggest traders are hedging or opening short positions. 

ETH Historical Patterns: Inflows Have Preceded Major Price Drops 

A historical pattern analysis reveals that similar inflows, though not as severe as April 16’s, were observed on March 26 and April 3 as well.

On both these occasions, the market witnessed a sharp correction. Between March 25 and 30, the Ethereum market experienced a serious correction of 13.05%. Between April 4 and 8, the market saw a significant correction of 18.92%.        

Macroeconomic Uncertainty and Trade Tensions Weigh on Crypto Markets 

The global economic crisis, triggered by the US’ aggressive tariff policy, has affected almost all the major asset classes, including the cryptocurrency market.

Since April 1, the cryptocurrency market has slipped by around 0.38%, and the altcoin market by 4.42%. During the period, the Ethereum market has dropped by at least 12.56%.

Ethereum Market Outlook: What Traders Should Watch Next

In 2024 and 2023, Ethereum grew by 46.1% and 90.8%, respectively. In the first quarter of this year, the market showed an unimpressive change of -45.3%. In Q1 2024 and Q1 2023, the market rose by 59.8% and 52.4%, respectively. 

April has been a volatile month for the entire crypto market, especially the Ethereum market, because of the imposition of the tariff policy by the Trump administration and the subsequent announcement of a 90-day pause for its implementation.   

In conclusion, Ethereum’s price is showing some recovery, but big inflows to derivatives and global tensions make its short-term outlook uncertain.

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Solana-Based DEX Jupiter Launches Pro Platform as Trading Volume Surpasses Ethereum

Solana DEX Jupiter Launches Jupiter Pro -

Solana DEX Jupiter: Solana’s decentralized exchange (DEX) volume today surpassed that of Ethereum with 14% weekly gain. In the past 24 hours, Solana’s DEX volume has reached $2.509 blion, with Ethereum still standing at $1.895 billion.

Among the DEXs leading this growth are Orca, PumpFun, Raydium, Meteora, with Orca leading the pack with a 15% increase in trading volume.

This news came in as Jupiter, another dominant 2021-built Solana DEX, launched an advanced version of its platform, Jupiter Pro.

In a bid to maintain its pivotal role, it has introduced new featured and better trading experience.

What’s New in Solana DEX Jupiter’s New Platform?

While platforms like Orca, Raydium, and Meteora continue to operate as independent DEXs, their individual trading volumes are significantly lower than Jupiter’s aggregated volume.

Solana DEX Jupiter’s role as an aggregator enables it to offer superior liquidity and better pricing. This attracts a larger user base and higher trading activity.

Now in its pro version, it has slashed down the gas fees by 10x. The reduced gas fees by 10x will also prove to attractive for users.

It can also be a major advantage for traders looking to make frequent trades with lower costs compared to Ethereum-based tokens. This will ultimately end up in making Solana-based tokens potentially more profitable to trade in 2025.

Other notable new tools and features in Jupiter Pro include:

  • It includes new token page/terminal for better token analysis of Solana coins.
  • Users can choose between SOL or USDC as their default currency. It provides new momentum metrics like Net Buy Volume and Net Buyers.
  • Further, it has also provided community metrics so that investors can make decisions based on the ongoing narratives/sentiments in their community.
Solana DEX Jupiter
Redesigned Token Terminal | Source: Jupiter Pro DEX

MEV Protection for Investors

Solana DEX Jupiter has also introduced the new option of Quick Buy which will allow investors to trade instantly with a default amount. Jupiter Pro’s ultra mode which it has enabled in Quick Buys and in the token terminal, will also provide the MEV protection to users.

The MEV protection ensures that professional traders can execute trades without the risk of malicious actors exploiting transaction reordering for profit, thus, creating fairer trading conditions.

Notably, in January 2025, Jupiter DEX experienced a substantial surge in trading activity, with its monthly trading volume reaching $184 billion. This growth was influenced by factors such as the launch of new tokens like the Trump memecoin, which attracted a large number of traders to the platform.

This dominance is also attributed to Jupiter’s efficient liquidity aggregation from over 29 protocols, including Orca, Raydium, Phoenix, Lifinity, and Meteora. This together contributes to nearly 90% of Jupiter’s trading volume.

This news also come in as MANTRA (OM) Token price looks to rebound after 90% crash.

Growing DeFi on Solana

Solana DEX Jupiter is launching its pro version at a time when Solana’s DEX and Defi ecosystem continues to grow.

This growth of decentralized finance (DeFi) on Solana in 2025 will likely drive more demand for Solana-based tokens like SOL, USDC, and SRM. And as the Solana community deliberates and implements a new network upgrade, this might also bode well for SOL price in Q2 2025.

Further, as decentralized exchanges (DEXs) and lending platforms on Solana grow, tokens like RAY (Raydium) and MNGO (Mango Markets) can see higher trading volumes.

Solana DEXs
Solana DEXs

Nonetheless, whether you’re a casual trader or a professional investor, Jupiter Pro promises to be an exciting development in the world of DeFi. Now it remains to be seen how investors and traders adopt to this new interface of Solana DEX Jupiter.

 

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What To Expect From Pi Network in May 2025?

Pi Network has faced a significant setback recently, registering one of the few declines among the top tokens. Currently, Pi is trading at $0.6077, reflecting a 15% drop over the past month. 

This poor performance has left many investors questioning its future, especially as it struggles to show signs of improvement.

Pi Network Needs To Note Inflows

Despite the decline, the Chaikin Money Flow (CMF) indicator reveals that Pi Network has observed some inflows. However, this increase is still stuck in the negative zone, under the zero line. This suggests that while there are occasional inflows, the outflows remain dominant, keeping the altcoin subdued.

The negative CMF reading indicates that selling pressure still largely controls the altcoin price movement. Even though there is some positive market activity, it is not enough to overcome the dominant outflows. 

Pi Network CMF
Pi Network CMF. Source: TradingView

The lack of support from investors is driven by fundamental issues with Pi Network, which Alvin Kan, COO, Bitget Wallet, agreed with, responding to BeInCrypto.

“Pi Network’s initial surge was largely driven by anticipation and years of community mining, but the follow-through has been more muted. As early users began realizing gains, increased token supply met limited exchange listings and a still-developing ecosystem. Without strong utility or broader liquidity, investor demand naturally tapered off. Like many new tokens, Pi is now facing the challenge of transitioning from early hype to long-term value delivery,” Kan told BeInCrypto.

Pi Network’s correlation with Bitcoin is also a point of concern. Currently, Pi shares a correlation of -0.11 with Bitcoin, indicating an inverse relationship. This means that whenever Bitcoin experiences upward momentum, Pi tends to face declines.

With Bitcoin nearing $100,000, Pi Network could struggle to capitalize on Bitcoin’s potential gains, potentially facing further corrections.

Given Bitcoin’s strength, Pi may continue to decline, as its price typically moves in the opposite direction of Bitcoin’s rise. This inverse correlation suggests that even if Bitcoin reaches new highs, PI might not benefit from the broader market rally. Instead, it could face additional downward pressure.

Pi Network Correlation To Bitcoin
Pi Network Correlation To Bitcoin. Source: TradingView

PI Price Needs A Strong Reversal

Pi Network’s price has dropped 15% over the last month, currently sitting at $0.6077. The decline in price, especially after the high expectations surrounding the token, has caused frustration among investors. As the selling pressure mounts, it appears that more investors are pulling their money out of Pi, resulting in ongoing losses for the token.

If this trend continues and Bitcoin’s price continues to rise, the altcoin could experience a further drop. The negative correlation with Bitcoin could result in Pi falling through the $0.6077 support level and heading toward the $0.5192 support. If the trend persists, the altcoin may approach its all-time low of $0.4000, further deepening its losses.

Thus, staying on alert is the best option for any investor.

Pi Network Price Analysis.
Pi Network Price Analysis. Source: TradingView

While the novelty of Pi Network’s minting on the mobile device took off strongly, it did not stick around for long, impacting the price as a result.

“Pi Network’s mobile mining and referral model helped it build a massive user base, but also invited skepticism around sustainability. While the project clarifies that it doesn’t follow a multi-level structure, concerns persist over perceived lack of transparency and real-world use cases. To move past the debate, the focus will need to shift toward building credible utility and expanding access. If that happens, sentiment could recover—but trust takes time,” Kan told BeInCrypto.

However, if market conditions improve and investor sentiment shifts, Pi Network may have a chance at recovery. A breach of the $0.8727 resistance, followed by flipping it into support, could signal a reversal. This would set Pi on a path toward $1.0000, invalidating the current bearish outlook and setting the stage for potential growth.

The post What To Expect From Pi Network in May 2025? appeared first on BeInCrypto.

MOVE Token Price Crashes Over 15% as Coinbase Makes Key Announcement

MOVE Token Price Crashes Over 15% as Coinbase Makes Key Announcement

Movement (MOVE) token price dropped by over 15% after Coinbase’s announcement that it would suspend trading of the token on May 15, 2025. This announcement created panic in the market, causing a significant price fluctuation. The token’s decline is also linked to recent allegations of market manipulation, adding further uncertainty for investors.

Coinbase to Suspend Trading for MOVE Token

Crypto exchange Coinbase has revealed that it would suspend trading for the MOVE token starting on May 15. While the exchange didn’t specify the exact reasons for the decision, it pointed to its ongoing review process to ensure that listed assets meet its standards.

As a result, Coinbase moved MOVE’s order books to limit-only mode, meaning users could place or cancel limit orders, but no new trades could occur. The suspension will affect trading on Coinbase.com (Simple and Advanced Trade), Coinbase Exchange, and Coinbase Prime.

The decision came in the background of the growing concerns related to the activity of the MOVE token on the market. The allegations of market manipulation surrounding the token have drawn scrutiny over its stability. In particular, World Liberty Financial, a Donald Trump linked company, has piqued greater scrutiny of the legitimacy of its token amid its recent ETH sell-off. Considering the uncertainty surrounding the token’s future after Coinbase’s actions and fear or further delistings on other exchanges, market participants are concerned.

MOVE Price Drop and Investor Reactions

After the announcement, the price of the MOVE token dropped more than 15%. According to the latest data, the token’s price is $0.224969, a 50% decline in the last month and 85% from its ATH of $1.45 in December 2024. This MOVE price decline shook investor confidence, prompting some traders to sell off their holdings.

The move by Coinbase is the major factor contributing to the price crash, especially given the ongoing concerns over MOVE’s market manipulation allegations.

This volatile period saw massive interest in the token resulting in a trading volume in MOVE that rose to approximately $374 million. Moreover, MOVE’s open interest in derivatives markets was also up 2.91% at $105.5 million, further indicating that traders were actively engaging with the token in derivative markets.

Allegations of Market Manipulation and Internal Investigations

Recently, MOVE has found itself embroiled in controversy over allegations it engaged in MOVE price manipulation ahead of its launch. According to investigation, the developer behind the MOVE token, Movement Labs entered into a partnership with Web3Port and a third party intermediary, Rentech. According to the arrangement, Rentech would manage a large percentage of the circulating supply of MOVE, helping raise prices shortly after its release.

The case also includes World Liberty Financial, another Movement Labs backer, which adds to the complexity. Moreover, in January, Movement, the network behind the token, discussed blockchain use with Elon Musk’s Department of Government Efficiency (DOGE) team, just 8 days after Trump’s swearing-in.

However, Movement Labs internal communications suggested the company itself lacked knowledge of the full extent of market making agreements with Rentech and Web3Port. Movement Labs is now investigating these agreements to see if it was misled in the process.

The internal probe may clear up things that will hopefully restore much of the lost trust in MOVE. If Movement Labs finds it was misled, it may recover from the controversy. However, market performance has already started to suffer the damage to the token’s reputation as we see in the suspension plans and MOVE price dip.

The post MOVE Token Price Crashes Over 15% as Coinbase Makes Key Announcement appeared first on CoinGape.