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Nasdaq-listed Bit Digital is the latest company to adopt the Ethereum standard, offloading all its Bitcoin holdings for the largest altcoin. The move has sent Bit Digital’s stock rallying by nearly 20% in a day as the company eyes becoming the largest Ethereum Treasury player Bit Digital Abandons Bitcoin For Ethereum Treasury According to a
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XRP whales have shown no signs of slowing down their accumulation spree as they continue to load up coins. Over the last 72 hours, whales have bought over 90 million XRP as the ecosystem braces for an announcement that could send prices on a rally.
Onchain analyst Ali Martinez has identified significant whale activity in XRP’s ecosystem in the build-up to the White House Crypto Summit. In the last three days, XRP whales have purchased over 90 million XRP in a massive accumulation spree.
The total value of the XRP whales’ purchase stands at nearly $250 million, reversing a mass whale dump at the end of February. The recent whale accumulation follows a raft of positive metrics for XRP as investors ready themselves for a rally-inducing bull run.
Apart from the recent purchases, XRP whales have transferred over $5 billion worth of coins between addresses during the week. Furthermore, XRP’s active addresses have surged to 462,000 from lows of 74,589 as the plot thickens.
On the flip side, there are fears that the accumulation may be a classic “pump and dump” ahead of the White House Crypto Summit.
While on-chain indicators are largely positive for XRP, recent fundamentals are pointing to incoming positives for the ecosystem. The inclusion of the coin in the Crypto Strategic Reserve signals regulatory acceptance for the project in Washington.
For now, a potential big announcement will be the dismissal of its long-running case against the US SEC. There have been speculations that a Ripple SEC lawsuit could be next after the Commission agreed to dismiss the Kraken lawsuit
Furthermore, there are whispers that Ripple co-founder Brad Garlinghouse may be tapped for a government appointment. The community is hinging their theories on Garlinghouse’s attendance at Friday’s White House Crypto Summit.
XRP whales and the rest of the community expect the policy discussions at the summit to be largely bullish for the embattled project. At the moment, the crypto is exchanging hands at $2.60, rising by 5% over 24 hours, buoyed by growing optimism.
The post XRP Whales Bag Over 90 Million Coins, Something Big Incoming? appeared first on CoinGape.
Hedera (HBAR) is showing mixed signals as it hovers at a key technical juncture. Its market cap is currently at $7 billion. Despite signs of growing momentum, trading volume has dropped 27% in the last 24 hours, now sitting at $104.29 million.
While indicators like the RSI and EMA lines hint at a potential bullish breakout, the BBTrend remains negative, suggesting that trend strength is still fragile. For now, HBAR’s price movement reflects a market in transition, caught between fading volatility and early signs of renewed interest.
Hedera’s BBTrend indicator is currently at -3.53 and has remained in negative territory for nearly three consecutive days. Just yesterday, it hit a recent low of -5, signaling particularly weak trend strength during that period.
Although it has slightly recovered, the fact that BBTrend remains below zero indicates that momentum is still lacking, and the price action is showing limited direction or energy.
This prolonged dip suggests that HBAR may be stuck in a period of consolidation or at risk of entering a broader downtrend if no bullish momentum emerges.
BBTrend, or Bollinger Band Trend, measures the strength and volatility of a price trend by analyzing the expansion or contraction of Bollinger Bands.
Positive values typically suggest strong directional movement, while negative values point to weakening trends and reduced volatility. With BBTrend still sitting at -3.53, HBAR remains in a low-energy zone where neither buyers nor sellers are taking clear control.
Unless the indicator returns to positive territory, HBAR may continue to drift sideways or gradually decline, reflecting market indecision and a lack of strong conviction.
Hedera’s RSI (Relative Strength Index) is currently at 55.70, rising from 45 just two days ago. This upward move reflects increasing bullish momentum, showing that buying pressure has picked up after a short period of weakness.
While the RSI remains below overbought levels, the steady rise suggests growing interest in HBAR and a potential continuation of its current upward push, provided that momentum sustains.
For now, the price appears to be gaining strength without yet signaling overextension.
The RSI is a momentum oscillator that measures the speed and magnitude of recent price changes, typically on a scale from 0 to 100. Readings above 70 are generally considered overbought, while those below 30 are viewed as oversold.
With HBAR’s RSI now at 55.70, it sits comfortably in neutral-bullish territory, indicating room for further upside before reaching overheated conditions.
If this trend continues and RSI edges closer to 70, it could support a short-term rally—but also raise caution for potential exhaustion ahead.
Hedera’s EMA lines are currently showing signs of a potential golden cross forming, which could signal a shift toward a bullish trend. If this crossover happens and momentum strengthens, Hedera’s price may test the resistance at $0.178.
A breakout above that level could pave the way for a move toward $0.20. If the rally accelerates, prices could climb to $0.258, marking the first time HBAR trades above $0.25 since early March.
The upward slope in short-term EMAs reflects growing optimism, but confirmation will depend on volume and price action in the coming sessions.
However, downside risks still remain. If HBAR fails to hold the support level at $0.153, bearish pressure could drag the token down to $0.124.
While technicals are currently leaning bullish, the price remains at a crucial crossroads, with both breakout and breakdown scenarios in play. Until a clear direction emerges, traders should watch these key levels closely.
The post Hedera (HBAR) Trading Volume Drops 27% Despite Signs of Bullish Recovery appeared first on BeInCrypto.
Pepe Coin price recovery has stalled at a crucial resistance level, where bulls need to flip to confirm more upside. This stall is likely happening as Ethereum price struggles to move above the resistance at $2,000. If Pepe price fails to pierce this resistance, and as whales continue selling, it is likely to crash and retest the YTD low.
Pepe price is facing substantial selling pressure from large holders who are commonly known as whales. Data compiled by Santiment shows that the supply of Pepe tokens held by these investor stands at 148.7 trillion. That is a 41 trillion drop since these investors held 165 trillion token at its peak in February this year.
This increased selling likely explains why the token crashed by double digits from its highest level this year. Additional data indicates that the 90-day Mean Dollar Invested Age (MDIA) has been in a downtrend, suggesting increased selling.
Further, Pepe Coin price may be at risk now that Ethereum price has struggled to move to the psychological point at $2,000. Moving above $2,000 will be important for both ETH and meme coins in its ecosystem like Pepe and Shiba inu.
On the positive side, there are signs that the selling pressure is fading as the supply has held steady since April 24. Another positive for the Pepe Coin price is that the number of tokens on exchanges has dropped. It dropped from 255.81 trillion on Tuesday last week to the current 254.9 trillion. A drop in coin volume on exchanges is a positive sign, as it indicates that there is no significant buying pressure.
The chart below shows that the value of Pepe has been in a slow recovery after bottoming at $0.00000572 this month. This was a crucial level, as it formed a small double-bottom pattern with a neckline at $0.00000917.
A double bottom is widely seen as a highly popular bullish reversal pattern. A complete rebound is usually confirmed when the price rises above the neckline. There are signs that Pepe is struggling to move above this resistance, putting it a risk of a reversal.
In this case, a reversal would cause it to drop and retest the YTD low of $0.000005721, which is approximately 40% below the current level. A drop below the lowest level this year will validate a more dire Pepe forecast.
Fortunately, Pepe coin price could also stage an 87% surge if it clears the neckline of this double-bottom pattern. If this happens, it will likely surge to $0.00001712, the highest swing on May 28 last year.
The post Is the Pepe Coin Price Recovery at Risk as Whales Dump 41 Trillion Tokens? appeared first on CoinGape.