Thumzup Media Corporate adopted Bitcoin as a treasury reserve asset akin to Strategy.
The company intends to sell common stock, preferred stock, and warrant units to strengthen its BTC holdings.
Thumzup Media Corporation (NASDAQ: TZUP), a Los Angeles-based Software-as-a-Service (SaaS) company focused on social media marketing and advertising, filed Form S-3 with the United States Securities and Exchange Commission (SEC) to offer up to $200 million. The company announced that it may partake in one or more offerings to sell common stock, preferred stock, warrants units, or a combination of the securities
“Unless otherwise indicated in a prospectus supplement, we intend to use the net proceeds from the sale of securities under this prospectus for general corporate purposes, including for the purchase of Bitcoin as our primary reserve asset,” the company noted.
Thumzup adopted Bitcoin as a treasury reserve and has since accumulated around 29 BTCs. In the long haul, Thumzup intends to hold up to 90 percent of its surplus in Bitcoin. Moreover, the company is determined to rank among the top 70 publicly traded companies holding Bitcoin.
Impact on Bitcoin Price Action
According to data from BitcoinTreasuries, around 190 entities, led by public companies, hold more than 3.26 million BTCs. The entrance of nation-states in the Bitcoin market has accelerated its adoption by institutional investors seeking to hedge against macroeconomic uncertainty and high inflation.
Bitcoin price is expected to follow the global money supply (M2) and gold in rallying parabolically, catalyzed by heavy demand. From a technical analysis, BTC price is well positioned to reach a new all-time high before the end of the second quarter of 2025.
Solana (SOL) remains strong at around $183-$185, rallying 92% from its yearly low of $95.16. Scalability in the network, explosive DeFi growth, and increased developer activity keep institutional capital interested. Last week, DeFi Development Corp. increased its holdings in SOL by $23.6 million, further bolstering market confidence.
A crypto billionaire who bought Solana at $1 and XRP at $0.003 is now backing Salamanca (DON), calling it his next high-upside play. Trading around $0.0020, $DON has shown early volatility, but supporters see similarities to early-stage Solana. This report reviews current price action and technical data on Solana (SOL), XRP, and Salamanca (DON) to evaluate whether this new bet could follow the path of past breakout coins.
Solana (SOL) Eyes $200 as Institutional Buying Ramps Up
Trading volumes on Solana’s DEXs crossed $22 billion, and open interest in futures increased by over 11%. If SOL breaks above $185 with confirmation, analysts suggest a move toward $200, and possibly $230–$261 in the coming weeks. However, caution remains due to overbought RSI levels and potential whale activity, including a recent $33 million SOL unstake from FTX-linked wallets.
XRP Battles Resistance at $2.69 Amid ETF and Regulatory Tailwinds
Despite this weekend’s potential slump, the XRP has grown by 20% in the last week, hitting $2.57. The critical resistance level still rests at $2.69, a level that has previously shut out many bullish signals since March. A breakout above this level may pave the way towards $3.00–$3.40.
The XRP’s rally follows some significant legal wins, including the resolution of the SEC case in May 2025 showing that XRP is not a security. The move has been driven by rumors about the BlackRock XRP ETF. South Korean volume reports an upward movement, and whale accumulation continues with 30 million XRP transferred to Coinbase in the last few days. With this momentum taken, XRP can be one of the best top performers of cryptocurrencies by 2025.
Salamanca ($DON) The Meme Coin With 2000% Potential and Cartel-Level Branding
Salamanca (DON) has quickly picked up pace, establishing itself among the fastest-growing meme coins in BSC since its launch. Within a few days, $DON spiked to all-time highs of $0.00533. however, the current prices were as low as $0.0020–$0.0021. Already early investors have experienced several 2x-5x wins and now the broader market sees a 2000% opportunity from its current standing.
The token is listed on Gate.io, MEXC, and PancakeSwap, attracting funds from both centralized and decentralized pools. Gate.io, in the world’s top 3 exchanges regarding volume, gives $DON global exposure, while BSC will maintain low fees and quick transactions.
The next big target? Binance. With robust community pressure and an expanding trading volume, a listing on Binance would be a stamp of approval for $DON’s growth and a possible catalyst for another drop in price.
Crypto Billionaire Who Rode SOL and XRP Early Now Backs $DON
A crypto billionaire known for buying Solana at $1 and XRP at $0.003 has now placed his bet on $DON, calling it the next breakout meme coin of this cycle. His track record of early entries adds serious weight to $DON’s momentum.
As traders look for the next 10x to 20x opportunity, $DON is now in focus—with its price still in the $0.0020 zone and upside potential pointing to $0.04–$0.05, a 2000% gain from current levels if momentum continues.
For more information, about Salamanca (DON) visit:
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Solana (SOL) remains strong at around $183-$185, rallying 92% from its yearly low of $95.16. Scalability in the network, explosive DeFi growth, and increased developer activity keep institutional capital interested. Last week, DeFi Development Corp. increased its holdings in SOL by $23.6 million, further bolstering market confidence. A crypto billionaire who bought Solana at $1 …
Bitcoin whales are regaining dominance over exchange activity. The Exchange Whale Ratio’s 30-day moving average has surged to 0.47—its highest level in seven months—indicating that nearly half of all BTC inflows to exchanges are now coming from the largest transactions.
Historically, such spikes in whale activity have preceded major market tops, as large holders tend to move funds in preparation to sell. With retail participation fading and whale influence rising, the market may shift into a distribution phase, raising the risk of a short-term correction.
Is a Deeper Bitcoin Crash Coming?
Bitcoin recently surpassed $111,000, making new all-time highs. Yet, profit-taking from whales and another potential macroeconomic downturn has caused BTC to drop over 6%, and it is currently trading at $104,000.
Data from CryptoQuant shows a sharp rise in the Exchange Whale Ratio, suggesting caution.
Historically, when this ratio exceeds 0.5—indicating that whales account for the majority of exchange inflows—price tops often follow.
The Exchange Whale Ratio measures how much of all Bitcoin flowing onto exchanges comes from the ten largest transactions. A 30-day moving average at 0.47 means nearly half of every BTC deposit is a “whale” transaction.
This pattern played out during previous market cycles, such as mid-2022 and late 2024, when elevated whale activity coincided with significant corrections.
In contrast, periods when the whale ratio dips below 0.35 have often marked phases of accumulation or early bull market momentum, dominated by retail participants.
“There is a growing dominance of large holders in recent exchange activity. This sharp increase mirrors the surge seen in the Exchange Whale Ratio during Bitcoin’s price rally in late 2023 and early 2024,” CryptoQuant analyst JA Maartunn told BeInCrypto.
The current spike in the 30-day moving average of the ratio further reinforces the notion that whales are once again becoming more active in exchange activity.
If history repeats, significant whale selling could trigger a pullback or increased volatility.
While Bitcoin price remains strong for now, this shift in behavioral dynamics suggests the market may be transitioning from accumulation to distribution, increasing the probability of a near-term top or correction.
Cardano price is floating above the $0.62 level on Sunday April 20, down 0.7% on the daily candle. However, derivatives trading signals observed over the weekend suggest recent Trump comments from Founder Charles Hoskinson are unlikely to impact ADA price action negatively in the week ahead
Cardano Bulls Cluster Around $0.60 Support as Charles Hoskinson Hints at Strained Trump Relationship
Over the weekend, ADA price action has been notably resilient, holding above the critical $0.60 support level.
This comes on the heels of an exclusive interview where Charles Hoskinson dismissed the importance of forging ties with the Trump administration.
Cardano Price Action, April 20 | Source: Coingecko
Despite being excluded from a recent White House crypto summit, Charles Hoskinson claims that the Cardano team has not established a close relationship with the Trump administration.
“I don’t need to make a deal with Trump,” Hoskinson told DL News during Paris Blockchain Week, downplaying the perceived political snub.
Notably, other crypto leaders such as Brian Armstrong (Coinbase) and Michael Saylor (MicroStrategy) met with Trump and top crypto advisors David Sacks and Bo Hines. In reference, Hoskinson emphasized that U.S. political proximity may offer optics but lacks long-term impact.
Cardano left out of Trump-backed Crypto Projects?
When Trump included ADA among five cryptocurrencies in his crypto strategic reserve proposal back in March 2025, it sparked optimism across the Cardano ecosystem.
Many hoped this would signal increased support from the Trump administration. However, a month later, while other crypto projects are actively aligning with U.S. political influencers, Cardano appears to have been sidelined.
Founder Charles Hoskinson remains unfazed in his latest interview, emphasizing that political proximity may offer short-term visibility but rarely leads to sustainable outcomes.
In contrast, Trump-backed WLFI recently unveiled plans to launch a USD1 stablecoin on Ethereum and BNB Chain, while also making strategic investments in tokens like Tron and Chainlink.
The Cardano community has taken note of ADA’s absence from these high-profile initiatives, sparking debate over why one of the industry’s most actively developed blockchains is being left out of Trump-linked crypto endeavors.
Cardano Derivatives Volumes Cross $700M as Markets Lean Bullish
Despite the political headlines surrounding Charles Hoskinson’s remarks, market participants are seemingly more focused on price action than policy drama.
Derivatives trading data over on Sunday April 20, reveals a optimistic, risk-tolerant stance from ADA traders.
As depicted in the Coinglass chart above, the total ADA derivatives trading volume surged by 8.62% to $716.28 million, while open interest edged up to $635.27 million up 1%.
Cardano Derivative Market Analysis, April 20 | Source: Coinglass
The increase in Open Interest matches up to the 1.2% downswing in Cardano spot prices on the day. This signals that bull traders are actively defending their positions to prevent a break down below the $0.60 price level.
What’s more telling is the behavior of traders across top exchanges. On Binance, the long/short ratio sits at 2.19, while OKX shows even more aggressive positioning with a ratio of 2.62, meaning more than two longs for every short. Among top traders, that bullish tilt remains intact, with long-to-short account ratios over 2:1 and position ratios still firmly long-biased.
This accumulation of leveraged long positions suggests that both retail and institutional participants are eyeing a move higher — possibly in anticipation of a breakout past the local resistance at $0.65, or simply confidence in ADA’s technical foundation above $0.60. However, the growing appetite for leverage comes with its own risks.
Cardano Price Analysis For the Week Ahead
Looking ahead, Cardano price outlook suggests bulls may face major stress tests to defend the $0.60 level. Howevrr, if bulls can maintain control and defend against cascading long liquidations, ADA could build enough momentum to challenge $0.65, potentially opening the door to a run toward $0.70.
But failure to hold that line could quickly dampen confidence, potentially sending ADA prices spiraling back toward $0.55.
Cardano Technical Price Analysis Today: Bulls Eye $0.65 as $0.60 Support Holds Steady
Cardano (ADA) enters the week with its price consolidating around $0.6203, where the 4-day SMA acts as immediate resistance. The flattening yellow 4-SMA line hovering near the current price reflects indecision, while the longer-term 60-SMA, sitting significantly higher at $0.7092, reinforces the presence of a persistent macro downtrend. Still, the tight price action and low volatility suggest an imminent breakout is in play.
The BBP (Bollinger Band Percent) currently prints at -0.0088, hinting at compressed volatility and a price trading slightly below its average range — often a precursor to explosive moves. Volume remains subdued at 46.4M, but this may indicate accumulation under resistance rather than a lack of interest.
Cardano Technical Price Analysis Today
If bulls maintain price stability above $0.60, this could build enough structural momentum to pierce the $0.65 level, a threshold that aligns with recent intra-range resistance.
In the broader market context, Bitcoin’s price forecast today leans neutral-bullish, showing range-bound strength above $83,000 in each of the last days of trading. This sets a supportive backdrop for ADA price outlook in the week ahead.
However, failure to hold $0.60 may expose ADA to cascading liquidations, potentially dragging price back toward $0.55. The week ahead will be crucial as volatility returns to the crypto majors.
