BitMEX said the PUMP token defied the odds, with its funding rates trending positively despite a large initial float. Almost 60% of presale participants in Pump.fun’s initial coin offering (ICO) have already sold or transferred their tokens to centralized exchanges (CEXs) or other wallets, according to data shared by BitMEX. Citing onchain data, the crypto exchange said that of the 10,145 ICO participants in the PUMP presale, 6,042 wallets (59.6%) had already sold or transferred their tokens to CEXs. Meanwhile, 3,791 wallets (37.4%) continued to hold their tokens, while a small group of 312 wallets (3%) had increased their holdings a week after the token launch. Read more
XRP’s market cap could surge past $250 billion, backed by historical fractals and Fibonacci targets after a key breakout pattern. Key takeaways: XRP is about to pass $200 billion in market capitalization for the first time. XRP price is up 35% against Bitcoin in July. Read more
TON shows early signs of a breakout, opening the door for a rally to $3.50. Telegram’s one billion users will be able to interact with Ethereum Virtual Machine (EVM) decentralized apps (DApps) directly within the messenger following the launch of the Tac mainnet on Tuesday. This new feature could boost DApp adoption and asset inflows into the TON network as it lowers the technical barrier to entry for mainstream users. Could Toncoin (TON) break above its overhead resistance? Let’s analyze the charts to find out. TON rose above the moving averages and is nearing the downtrend line of the descending triangle pattern. Read more