The new DeepSeek R1 model from China launched last week. If you’re into AI or even into technology more broadly, it was hard to miss the news. Everyone was talking about it. But it’s not just that. It’s the way everyone was talking about it. I was left with the impression that DeepSeek is going to drive a stake through the heart of OpenAI and Anthropic.
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XRP Price Suffers Downtrend as Overvaluation Delays Recovery To $2.50
XRP has been on a steady decline over the past weeks, causing losses for many investors. Despite the falling price, some key holders are actively working to counter the bearish momentum.
Their efforts could play a significant role in stabilizing and potentially reversing XRP’s downtrend.
XRP Investors Are Optimistic
The Network Value to Transactions (NVT) Ratio for XRP has spiked to its highest level in a month. A rising NVT Ratio typically indicates that the network’s valuation exceeds its transaction activity, often signaling an upcoming price correction. This metric warns that XRP might be overvalued relative to its current use.
However, XRP has shown resilience at times in the past by bouncing back after periods of overvaluation. Investors and holders expect a similar rebound this time, fueled by renewed buying interest.
XRP’s Liveliness indicator has been trending downward, signaling active accumulation by long-term holders (LTHs). A decline in Liveliness suggests that these investors are holding onto their tokens despite price drops, aiming to stabilize the market. This behavior contrasts with an uptick, which would indicate increased selling pressure.
LTH accumulation during a price dip shows confidence in XRP’s long-term prospects. These holders are countering bearish trends by absorbing selling pressure and positioning themselves to profit when the price recovers, providing a critical support layer.
XRP Price Nears Losing Key Support
XRP is currently trading at $2.30, reflecting a two-week downtrend. It is holding just above a key support level at $2.27. Securing this support is vital for the altcoin to prevent further declines and maintain a foothold for potential gains.
If bullish factors continue to strengthen, XRP could bounce off the $2.27 support level. Breaking through the downtrend could enable XRP to flip $2.38 into new support, paving the way for a rise toward $2.56. This recovery would signal renewed investor confidence.
Conversely, if XRP loses support at $2.27, the price may drop further to $2.12. Such a decline would invalidate the bullish outlook and extend the ongoing downtrend, leading to increased losses for investors and sustained bearish pressure.
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3 Altcoins Crypto Whales Bought in the First Week of May 2025
Bitcoin’s decisive break above the psychological $95,000 barrier has reignited bullish momentum across the crypto market. As market sentiment becomes increasingly positive, crypto whales are buying several differentiating altcoins this week.
Among the top picks are Avalanche (AVAX), Ethereum (ETH), and meme-coin Pepe (PEPE), all of which have seen significant whale inflows this week.
Avalanche (AVAX)
Layer-1 (L1) coin AVAX has seen increased whale attention this week, reflected by the spike in its large holders’ netflow. According to IntoTheBlock, this has rocketed over 380% in the past seven days.
A large holder is a wallet address holding over 0.1% of an asset’s circulating supply. The large holders’ netflow tracks these investors’ buying and selling activity.
When it rises, crypto whales buy more tokens. This bullish signal often prompts retail investors to increase their holdings.
If AVAX’s accumulation trend persists, its price could breach the resistance at $24.28 and rally toward $30.23.
Conversely, if demand wanes, AVAX could fall to $14.66.
Ethereum (ETH)
Amid the recent broader market rally, ETH has recorded a modest 3% price uptick in the past seven days, buoyed by steady whale accumulation.
According to Santiment, during that period, whale addresses holding between 10,000 and 100,000 coins have acquired 280,000 ETH valued at over $510 million at current market prices.
As of this writing, this cohort of ETH whales controls 25.24 million ETH, their highest holding in the past month. ETH’s price could be driven above the psychological $2,000 mark if whale accumulation persists.
However, if the bears regain dominance, they could push the coin’s price to $1,733.
Pepe (PEPE)
Popular meme coin PEPE is another asset that has seen a surge in crypto whale accumulation this week. Per Santiment, wallet addresses that hold between 100,000 and 1 million tokens have bought 350 million PEPE in the past seven days.
At press time, the meme coin trades at $0.0000086. If whale accumulation persists, PEPE could reverse its current downtrend and break above the resistance at $0.0000010.
On the other hand, if sellofs continue, the token’s price could drop to $0.0000052.
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Pi Network (PI) Drops 10% as Outflows Surge and Death Cross Emerges
Pi Network (PI) is down nearly 10% in the last 24 hours, as multiple indicators point to growing bearish momentum. The DMI shows a clear shift from an uptrend to a downtrend, while CMF data confirms increasing outflows.
EMA lines are also warning of a potential death cross, which could trigger further losses. Here’s a breakdown of what the charts are signaling for PI in the near term.
Bearish Momentum Builds as PI Network’s DMI Flips to Downtrend
Pi Network’s (PI) DMI chart reveals a clear shift in momentum, with the ADX dropping from 43.68 to 39.17 over the past two days.
The ADX, or Average Directional Index, measures the strength of a trend, with values above 25 generally indicating a strong trend.
Although the current reading still suggests solid momentum, the recent decline in ADX combined with the trend reversal from uptrend to downtrend signals that bullish strength is fading and bearish pressure is taking control.
Supporting this shift, the +DI (Directional Indicator) has dropped sharply from 22.11 to 13.29, while the -DI has surged from 11.32 to 30.95.
The +DI represents bullish strength, and the -DI represents bearish strength—so this crossover and widening gap confirm that sellers are now in control. This setup typically points to continued downside, especially if the -DI remains dominant and the ADX stabilizes or rises again, signaling a strengthening bearish trend.
Unless there’s a sharp reversal in these indicators, PI could remain under pressure in the near term.
Selling Pressure Intensifies as Outflows Accelerate on PI Network
Pi Network’s Chaikin Money Flow (CMF) has dropped sharply to -0.13, down from 0.07 just a day ago. The CMF is a volume-based indicator that measures the flow of money in and out of an asset over a set period.
It ranges from -1 to +1, with positive values indicating buying pressure and negative values suggesting selling pressure.
A sudden shift from positive to negative typically signals a change in sentiment and potential weakness ahead.
With the CMF now at -0.13, it suggests that outflows are picking up and sellers are becoming more active.
This kind of drop often reflects reduced demand and a lack of confidence from buyers, especially if it comes alongside declining prices or weakening momentum indicators.
If the CMF remains in negative territory, it could point to sustained bearish pressure and a risk of further downside for PI unless strong inflows return soon.
Will PI Fall Below $0.50?
Pi Network’s EMA lines are signaling a potential death cross, where the short-term moving average crosses below the long-term moving average.
This is typically seen as a bearish sign, often preceding further downside. If confirmed, it could lead PI to retest the support level at $0.54.
A break below that level may open the door for a move under $0.50, especially if overall momentum continues to weaken, as analysts warn about Pi Network transparency after Mantra’s OM token collapse.
However, if the trend reverses and buyers step back in, PI price could regain strength and push toward the resistance at $0.66.
A breakout above that level would be an early sign of renewed bullish momentum.
If that move holds and gains traction, the next key target would be $0.789, which could be a major test of the strength of the recovery.
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