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Zora has recently experienced a surge in demand, overtaking Pump.fun and now capturing an impressive 92.5% of the creator market.
The rise in popularity of this creator chain comes as no surprise, given its rapid growth and increasing interest within the cryptocurrency space.
In the past 48 hours alone, Zora has seen the creation of over 100,000 tokens, signaling a strong uptick in demand. On July 27, 54,009 coins were minted, followed by another 51,000 coins the following day. This increase in token creation highlights the growing adoption and interest in Zora, pushing the platform ahead of competitors like Pump.fun.
The surge in token creation shows that creators are increasingly choosing Zora for their projects. This shift, coupled with its market dominance, suggests that Zora could continue its rise in the creator space in the coming days.
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According to data from Dune, Zora currently dominates 92.5% of the creator market, a significant leap from just two weeks ago when Pump.fun controlled 88%.
This rapid market shift demonstrates the rising appeal of Zora, which has quickly captured the attention of creators looking for better alternatives. Zora’s dominance indicates a sudden shift in the dynamics, as pump.fun now controls only 7.5% of the market.
Zora has been rallying for the past ten days, recently reaching a new all-time high (ATH) of $0.105. Currently, Zora is trading at $0.081, just below the resistance of $0.085. This recent rally has sparked optimism among investors, positioning Zora for potential further gains.
Given the altcoin’s 7% increase today, there’s a high probability that Zora will surpass its ATH of $0.105, potentially reaching new highs beyond $0.140 this week. The strong momentum indicates that the bullish trend could continue if the current market conditions hold.
However, if investor sentiment shifts and selling pressure intensifies, Zora’s price could dip below $0.052. A significant drop through this support level would invalidate the current bullish outlook. This could signal a longer-term decline in the coin’s value.
The post Zora Users Create Over 100,000 Coins in 48 Hours, Price Nears All-Time High appeared first on BeInCrypto.
The Solana-based memecoin MELANIA, named after US First Lady Melania Trump, is under growing scrutiny after a series of large token sales linked to the project’s team.
On May 3, blockchain researcher EmberCN revealed that project-linked wallets offloaded nearly 10 million MELANIA tokens in just eight days.
These sales amounted to nearly $4.6 million, raising strong concerns over the project’s long-term viability and team motives.
According to EmberCN, the sales followed a Dollar-Cost Averaging (DCA) strategy alongside unilateral liquidity provision. These techniques allowed the project to reduce price impact while quietly exiting large positions.
Notably, this is not the first time the project has utilized this approach. In April, the same wallets sold 3 million tokens in exchange for about 9,009 SOL—roughly $1.2 million at the time—employing a similar liquidation approach.
Meanwhile, these selling activities have been ongoing for a long time. Since mid-March, the wallets have quietly liquidated around 41.67 million MELANIA tokens for around 170,000 SOL, worth approximately $23 million.
EmberCN pointed out that most of these proceeds appear to have been converted to USDC and withdrawn. This suggests an ongoing effort by the project’s team to exit their significant positions in the token.
The repeated and large-scale token sales by wallets tied to the project have fueled suspicions among holders.
Many now question whether the meme coin was ever designed for long-term utility or merely crafted to capitalize on the name recognition of the US first lady.
MELANIA launched in January 2025 amid media buzz, spurred by its branding and the timing of President Donald Trump’s inauguration. However, that early momentum has rapidly faded amid a broader market lull that significantly impacted meme coins.
According to BeInCrypto data, the token trades at roughly $0.38, down more than 6% over the past day and 31% in the last seven days.
More notably, MELANIA has plunged approximately 97% from its January 20 peak of $13.70.
The post MELANIA Meme Coin Wallets Dump $4.6 Million Worth of Tokens as Price Slides appeared first on BeInCrypto.
Despite rumors that the SEC approved a spot XRP ETF, this is inaccurate. The only new development concerns ProShares’ Leveraged and Short XRP Futures ETFs, which will begin trading on April 30.
It’s unclear how much these false claims impacted XRP’s price today, but they caused a lot of commotion. Fake crypto news has been taking off lately, and this could negatively impact investor confidence.
The crypto industry is full of enthusiasm for an XRP ETF, especially since one began trading in Brazil last week.
However, there’s no shortage of overeager people who can spark and circulate optimistic rumors. ProShares’ new Futures ETF did indeed win approval, but this has no bearing on a Spot ETF:
Bitcoin, the first crypto-centric ETF category, achieved a futures ETF before a spot one. In some ways, the SEC’s approval of an XRP Futures ETF is a positive sign.
The Commission has an impending deadline to reject or confirm these proposals, and experts believe that approval is highly likely. Unfortunately, that does not change the reality today.
XRP’s price has been zig-zagging in the last 24 hours, with notable pullbacks. It isn’t fair to claim that ETF hype is the source of all XRP moves; several circumstances may be contributing to the situation.
Still, rumors have recently had a demonstrable impact on crypto markets, even when they’re completely false. These garbled claims may have affected XRP.
Confusion doesn’t help build a stable industry. Even if false ETF rumors temporarily boost XRP’s performance, that’s not a sign of long-term ecosystem health. Misinformation can significantly damage public trust, especially among retail investors.
For example, Eleanor Terrett commented on these rumors, claiming she’s “getting really sick of all the rude keyboard warriors in this community.”
Apparently, she received online hostility for trying to clarify the news decision despite being both correct and a respected source of pro-crypto journalistic coverage.
Spot ETFs directly hold XRP tokens, providing investors with exposure to the actual cryptocurrency. These ETFs aim to mirror the real-time market price of XRP. So, there’s a straightforward correlation between the fund’s value and the token’s spot price.
As of now, spot XRP ETFs are not approved in the US. Applications from firms like Grayscale and Bitwise are under SEC review.
Meanwhile, leveraged futures ETFs do not hold XRP directly. Instead, they invest in futures contracts that speculate on the future price of XRP.
Due to daily resetting of leverage, these ETFs can experience significant volatility and may not be suitable for long-term holding.
Even if these XRP ETF rumors came from a genuine misunderstanding, they’re still dangerous. In the future, the community must be careful to vet its sources and act in good faith to maintain public confidence.
The post ProShares XRP ETF Rumors Are Driving Market Confusion – What We Know So Far appeared first on BeInCrypto.