Bitcoin has reclaimed the $90,000 level for the first time since March, surging as investors seek refuge in crypto amid a falling U.S. dollar. The flagship cryptocurrency rallied for a second consecutive day, supported by macroeconomic headwinds and increasing expectations that the Federal Reserve may soon pivot to rate cuts.
The U.S. Dollar Index (DXY) has slipped to a three-year low, increasing Bitcoin’s appeal as a hedge against currency devaluation. The situation mirrors recent gains in gold, which, like BTC, is often viewed as a store of value during uncertain economic conditions.
Altcoins Join the Rally
The bullish momentum wasn’t limited to Bitcoin. Ethereum (ETH) jumped by 13%, while XRP and Solana (SOL) each gained 7%. Dogecoin (DOGE) outperformed with a 14% surge, riding the wave of renewed retail interest and risk-on sentiment.
XRP: Holding Strong, Waiting for Breakout
XRP has been holding firm within a well-established range, currently trading above key support between $1.21 and $1.55. Analysts highlight that, despite minor wicks and volatility, this zone remains structurally intact. A rally in wave five, as suggested by some Elliott Wave analysts, may still be in play.
For a bullish breakout confirmation, XRP would need to clear $2.25, the recent local high from April 13. A successful push beyond that level could open the door for a move toward $3.30, and potentially extend to targets between $5.00 and $5.65, depending on broader market momentum. At the time of writing, XRP has gained more than 7% and is trading at $2.25.
However, the path higher isn’t guaranteed. A break below $1.82 could shift focus to a deeper correction. While microstructure analysis shows no clear five-wave decline — which would imply a deeper correction — the market has yet to confirm a strong reversal.
New York-based legal firm Burwick Law filed a class action lawsuit against the main parties involved in LIBRA, the Argentinian meme coin scandal. The lawsuit specifically targets KIP, Meteora, and Kelsier, but not President Javier Milei.
Over the past few months, the firm has filed several lawsuits against meme coin projects. It alleges serious financial misconduct from all these parties.
Yesterday, Burwick filed another class-action lawsuit, this time centered around the LIBRA meme coin.
“Tonight, our firm filed a class action complaint in the Supreme Court of New York on behalf of our client. We allege that Kelsier, KIP, Meteora, and related parties orchestrated an unfair token launch (LIBRA), allegedly misleading purchasers and harming retail investors,” the firm claimed via social media.
Essentially, Burwick accuses several parties involved with LIBRA of “deceptive, manipulative, and fundamentally unfair” conduct. These people artificially inflated the token’s price and then caused a collapse—otherwise known as pump-and-dump.
Surprisingly, the suit does not name Argentine President Javier Milei as a defendant. In addition to being a significant political figure, Milei also downplayed his direct connections to the debacle.
Instead of targeting him, Burwick’s lawsuit is going after the private companies that directly facilitated the LIBRA launch: KIT, Meteora, and Kelsier.
“The complaint details how, according to our allegations, one-sided liquidity pools were used to artificially inflate LIBRA’s price. We further allege that approximately 85% of supply was withheld at launch, enabling insiders to profit while everyday buyers bore the losses,” Burwick Law stated.
Who Were the Culprits Behind the LIBRA Scandal?
The initial name behind the LIBRA meme coin launch was KIP Protocol, a Web3 AI base layer. However, the firm completely distanced itself from any rug pull allegations.
KIP claimed that it did not launch or profit from LIBRA and that it was only asked “to assist in managing the project’s financing initiative.” The other firms, however, have much clearer connections.
Meteora, a decentralized crypto exchange, was thoroughly involved in LIBRA. The company’s co-founder resigned in the immediate aftermath but maintained his innocence.
Notably, Meteora’s reputation was already damaged by the TRUMP meme coin. This small exchange was the first platform to host the token, which increased its TVL by over 300% in days to over $1.9 billion.
Kelsier Ventures, LIBRA’s market maker, seems especially vulnerable to lawsuits. In a shocking interview, CEO Hayden Davis defended his actions, admitting to past scams and claiming he did nothing out of the ordinary.
Davis was in talks to launch a similar meme coin with the Nigerian government and was recently tied to a Wolf of Wall Street-themed meme coin. It’s no wonder that Davis, of all the names involved with the whole scandal, is the only person with an active arrest warrant against him.
Additionally, data engineer Fernando Molina alleged that these parties tried to launch two other Argentina-centric tokens before LIBRA. A few telltale fingerprints connect it with ARG and MILEI, such as shared wallets, liquidity pools, and timing. Molina suggested that LIBRA’s creators could’ve created these assets as test coins, but isn’t certain.
Assets Possibly Launched By LIBRA Team. Source: Fernando Molina
There are quite a few unanswered questions about the whole LIBRA scandal, and it’s unclear how they’ll play into the lawsuit. Hopefully, investigations can help clear up some of the biggest mysteries.
After all, political meme coin schemes like this can damage the reputation of the whole industry. So, the current lawsuit from Burwick might be in everyone’s best interest.
Pepe Coin price may be on the verge of a parabolic bull run as whale activity suggests that large addresses are rapidly accumulating the meme coin. On-chain data shows that one of the largest PEPE addresses has withdrawn 1.5 trillion tokens from exchange giant Binance, a move that hints at a potential upward trend in the near future.
PEPE value today trades at $0.0000089 with a slight 1% gain in 24 hours. Data from CoinMarketCap reveals that at press time, PEPE had $425M in trading volumes, which was nearly three times higher than Shiba Inu.
Pepe Coin Price in Focus as Whale Withdraws 1.5 Trillion PEPE
Pepe Coin price eyes gains as data from on-chain tracker Lookonchain shows that an address holding $147M in assets has withdrawn 1.5 trillion PEPE tokens valued at around $13.3 million from Binance. The withdrawal comes as the meme coin records a drastic surge in the supply held on exchanges, an issue that could trigger a supply squeeze.
PEPE Whale Transfer
Data from Santiment also shows that the supply of Pepe Coin held on exchanges has plummeted to 107 trillion tokens, and it sits at the lowest level in one year. This falling supply is indicative of traders steadily withdrawing their coins from exchanges, an indication that a notable surge in demand could fuel a parabolic rally.
PEPE Supply on Exchanges
These withdrawals have coincided with a bullish Pepe Coin price forecast from analysts, with one stating that the meme coin may be on the verge of a 130% rally to $0.000021. The analyst based this prediction on the pending breakout from a descending trendline, which may spark the next PEPE bull run.
Key Prices Levels to Watch for PEPE
The daily price chart suggests that Pepe Coin may be at a pivotal point and eyes a breakout past major resistance levels. The first key resistance is the neckline of a massive double bottom pattern at $0.0000093, a level that PEPE has been teasing to breach for nearly two months.
If a breakout above this neckline is confirmed, and this top meme coin also makes a decisive close above the psychological level of $0.00001, it will spark a parabolic run to $0.00002, which aligns with analyst Dami DeFi’s prediction.
Conversely, if a bullish breakout fails and instead the PEPE price plunges, the key support level to watch is $0.00000587, a level that may wipe out all of the recent gains.
The RSI indicator is also a key metric to watch as it nears a pivotal point following a series of higher highs for most of this month. With the reading of 59, the RSI shows that the bullish momentum is strong, but if it continues with the downtrend and plunges below the signal line, it may create a sell signal and spark a steep decline in the price.
PEPE/USDT: 1-day Chart
To sum up, the recent withdrawal of 1.5 trillion PEPE tokens from Binance and the decline in supply on exchanges suggest that this meme coin may be on the verge of a supply squeeze that will spark an uptrend. Going by analyst projections and the double-bottom pattern formation, Pepe Coin price may soon surge to $0.000021.
Solana network has recorded a spike in demand from institutional investors amid anticipated approval of U.S. spot SOL ETF.
SOL price has regained 50-day SMA as a support level and now eyes $180 next.
After closing the past three weeks in a bullish outlook, Solana (SOL) price has signaled the return of bullish sentiment. The large-cap altcoin, with a fully diluted valuation of about $90 billion and a 24-hour average trading volume of around $3.7 billion, gained over 20 percent in April 2025 to trade at about $150.33 on Thursday, during the late North American session.
The rising bullish momentum for Solana is heavily bolstered by institutional investors and rising Futures Open Interest (OI) by over $1.6 billion in the past four weeks.
Midterm Expectations for Solana Price
In the weekly timeframe, Solana price has been consolidating in a megaphone structure for the past twelve months. Following a successful rebound from the lower border of the macro megaphone, SOL price has gradually gained bullish momentum.
Moreover, the weekly MACD histograms have been signaling a growing bullish momentum after a prolonged bearish period. Additionally, the weekly MACD line is almost crossing the signal line, suggesting bullish sentiment.
Meanwhile, the Bollinger Bands for Solana price, in the four-hour timeframe, have been squeezing, signaling a major price move in the near future.
Fundamental Outlook
The Solana network remains a premier ecosystem for DeFi developers, with a total value locked (TVL) of about $8 billion and a stablecoins market cap of around $13 billion. The Solana network has recorded significant growth in memecoins in the past year, thus achieving a 24-hour active addresses of over 3.6 million across its DeFi protocols.
The anticipated approval of spot Solana ETFs before the end of 2025, will play a crucial role in SOL’s market outlook. Moreover, the rising adoption of Solana from institutional investors will help validate the network and increase its demand and liquidity in the long haul.
The post Solana Price Analysis and Forecast: Deviation or Market Breakout? appeared first on Coinpedia Fintech News
Solana network has recorded a spike in demand from institutional investors amid anticipated approval of U.S. spot SOL ETF. SOL price has regained 50-day SMA as a support level and now eyes $180 next. After closing the past three weeks in a bullish outlook, Solana (SOL) price has signaled the return of bullish sentiment. The …
