In a much-awaited development that could shake up the digital asset space, a recent filing indicates that ProShares Trust may launch an XRP Exchange-Traded Fund (ETF) on April 30, 2025. While the U.S. Securities and Exchange Commission (SEC) has yet to confirm a final approval, the proposed public offering date is now in black and white, raising hopes—and eyebrows—across the crypto market.
The buzz began when industry sources reported on a U.S. SEC document showing ProShares’ registration statement under the Investment Company Act with an “approximate date of public offering” set for April 30. While not yet a formal green light, this is the clearest signal yet that an XRP ETF is imminent.
XRP Price and Market Sentiment
The XRP price surged on the news, outperforming most altcoins over the weekend. Market analysts say that the ETF speculation aligns with strong technical setups forming across the crypto landscape, particularly falling wedge breakouts, a classic bullish pattern.
The Bigger Picture
While questions remain—such as why only ProShares has surfaced with a proposed launch date, and where BlackRock, Fidelity, and others stand—most experts agree this is a pivotal moment for crypto. If confirmed, XRP would join a select club of U.S.-regulated ETF offerings, a move that could open the floodgates for institutional capital.
Pump.fun is preparing to launch its own token, with plans to raise as much as $1 billion in initial sales. According to some reports, the sale could value the project’s token at around $4 billion.
The token will be offered to both private and public investors. Reports suggest the sale could take place within the next two weeks, although no official date has been announced.
BeInCrypto earlier reported that the launch could take the form of either an airdrop or a Liquidity Bootstrapping Pool (LBP). Each option comes with trade-offs, but the project has not yet disclosed which route it will take.
Speculation around the launch intensified today after Bybit renamed a previously listed token. The token, originally called ‘PUMP’, was tied to PumpBTC, a liquid staking protocol for Babylon.
Bybit changed the ticker to ‘PUMPBTC’, leaving ‘PUMP’ available.
Bybit has renamed the ticker for PumpBTC from $PUMP to $PUMPBTC.
This change is exclusive to Bybit and does not affect listings on other exchanges.
This move triggered fresh discussion within the crypto community, with many pointing to a likely token launch by the Solana-based platform. That speculation has now been confirmed.
Pump.fun has not released further technical or tokenomic details yet.
This is a developing story, and more information is expected in the coming days.
Notable Solana meme coins to watch in March include DOGEai (DOGEAI), Official Trump (TRUMP), BONK, AI16Z, and Official Melania (MELANIA). DOGEai has surged nearly 20% in a week, capitalizing on AI and government transparency narratives.
TRUMP could see renewed interest from the White House Crypto Summit, while BONK remains the second-largest Solana meme coin despite a sharp decline. AI16Z is struggling along with the broader AI crypto sector, and MELANIA has faced heavy losses but could benefit from the upcoming political events.
DOGEai (DOGEAI)
DOGEai, an artificial intelligence meme coin, has a market cap of nearly $35 million after rising over 50% in the past two weeks. The project capitalizes on Dogecoin’s popularity, the growing interest in DOGE (Department of Government Efficiency), and the AI crypto trend.
It functions as an autonomous AI agent designed to analyze government spending and policy decisions, providing bill summaries and insights into public expenditures.
If the uptrend continues, DOGEai could challenge resistance at $0.0573, with upside targets at $0.0683 and potentially $0.098 in a strong bullish move.
On the downside, support sits at $0.048, and a breakdown below that level could send the price to $0.029 or even $0.0119.
Official Trump (TRUMP)
The upcoming Trump Crypto Summit, set for tomorrow, could significantly impact Official Trump (TRUMP), a meme coin that has been struggling below $20 for over two weeks. The event could reignite interest in the coin, which has been in a downtrend for several weeks now.
TRUMP was one of the most hyped meme coins at launch, briefly reaching a $15 billion market cap. However, it has since lost over 80% of its value and is now worth $2.7 billion.
If momentum returns, TRUMP could test resistance at $14.4, $17.4, and $20.7, with a strong rally pushing it toward $24.5 for the first time since January 31.
On the downside, continued selling pressure could bring the price to support levels at $12.17 or $11, with a break below $11, making new all-time lows.
BONK
BONK, once the largest Solana meme coin, now holds the second spot after being surpassed by TRUMP, with a market cap of around $983 million.
Despite remaining one of the most relevant Solana meme coins, its valuation has dropped significantly from its $4 billion peak in November 2024. The broader Solana ecosystem has been in a sharp correction over the past 30 days, weighing on BONK’s price action.
If Solana and its meme coins regain momentum, BONK could test resistance at $0.000014 and $0.0000156. A breakout above these levels could push the price to $0.0000197, with a strong rally potentially sending it as high as $0.0000265.
However, if the correction continues, BONK could drop below $0.000012, test $0.0000109, and possibly fall under $0.00001 for the first time since December 2023.
AI16Z
AI16Z, a Solana-based crypto AI agent meme coin, has a market cap of around $315 million. Like the broader AI agent crypto sector, it has been in a sharp correction over the past 30 days, with its price dropping nearly 30%.
Despite this downturn, some AI-related coins have shown signs of recovery in the past week, creating uncertainty around the sector’s next move.
If momentum returns to the crypto AI agents narrative, AI16Z could test resistance at $0.419, with a breakout potentially sending it to $0.627.
On the downside, if the correction continues, the price could drop to test support around $0.25, and a break below that level would push AI16Z to its lowest price since November 2024.
Official Melania (MELANIA)
MELANIA, like TRUMP, could benefit from Trump’s Crypto Summit as investors look for catalysts in political-themed meme coins. Launched on January 19, MELANIA quickly surged to a $2 billion market cap but has been in a steep decline since, dropping 50% in the last 30 days.
The coin has struggled to find support, trading below $1 for more than a week and hovering near its all-time lows.
A strong rebound could push MELANIA to $0.94 and $1.296, with further momentum driving it to $1.39 and potentially $1.61 for the first time since February 6.
On the downside, if the selloff continues, MELANIA could break below $0.795 and $0.763, with a drop under $0.7 setting new record lows.
Bitcoin price is trading above $85K with on-chain indicators painting a rosy picture for the largest cryptocurrency. Apart from the charts, Bitcoin’s recent surge can be attributed to a streak of fundamentals, lining up the asset for a bigger rally.
Michael Saylor’s Strategy Hints At Bitcoin Purchase
The biggest needle mover for Bitcoin today is Michael Saylor hinting at a potential BTC purchase for Strategy. The Strategy CEO took to X to share his firm’s portfolio tracker, a precursor to new BTC purchases.
Historically, Saylor sharing his MicroStrategy portfolio tracker signals a potential BTC purchase by the firm. This time, Saylor’s post was accompanied by a caption saying, “Needs more Orange.”
At the moment, Strategy holds 499,226 BTC in its balance sheets, and acquiring more BTC will see it cross the 500,000 threshold. Last week, the firm unveiled a plan to raise $500 million to buy BTC via the sale of its preferred stock.
Armed with fresh capital, Strategy’s next Bitcoin purchase will have a profound effect on Bitcoin price.
A Wave Of Positive Fundamentals For Bitcoin
Bitcoin price is showing signs of optimism following whispers of Coinbase acquiring Deribit for $5 billion. After weeks of outflows, spot Bitcoin ETF inflows rose to $785 million, signaling strong institutional interest.
Since the tail end of February, new Bitcoin investors have gobbled up nearly 200,000 BTC with a chunk being institutional players. Key decisions by the Fed in last week’s FOMC meeting are bumping Bitcoin’s price along. The Fed’s decision to keep interest rates unchanged sent BTC charging by 3.5% with Arthur Hayes saying Bitcoin’s bottom formed at $77K.
A predicted rate cut in April is triggering bullish sentiments for a cross-section of BTC investors. The IMF is reportedly conferring digital gold status on BTC, whipping up a frenzy among investors.
On-chain And Technicals Portray Further Bullishness For BTC
While Bitcoin struggles to hold the $85K mark, daily trading volumes indicate bullishness at $11.96 billion. On the seven-day chart, BTC has climbed by nearly 3%, underscoring positive optimism for the asset.
A double-bottom reversal pattern at $78K and $76K is serving as confirmation for a march to $114K. Amid a wave of optimism, analysts say short-term hurdles for BTC price are behind the asset, setting the stage for an upswing.
$XRP ETF APPROVED. https://t.co/JbJ5y39ky1
