On January 7, Solana’s Pump.fun transferred another $20.49 million worth of SOL to Kraken. The platform has made multiple transfers to Kraken exchanges since the start of the year, with some pointing at a potential selloff. Nevertheless, after all transfers, Pump.fun now holds only about $27.1 million in holdings. Pump.fun has moved $340 million to the crypto exchange Kraken According to Onchain Lens, Pump.fun transferred 98,593 SOL to Kraken again on January 7, worth $20.49 million. Cumulatively, the platform has already transferred about $340 million to Kraken, equating to 1,662,648 SOL. The Solana-based meme coin launchpad has been making huge transfers into Kraken since the beginning of the year. On January 1, 2025, Pump.fun deposited 120,000 SOL into the crypto exchange, valued at $14.76 million. On January 2, it made additional deposits to the crypto exchange, transferring 63170 SOL, valued at $13.1 million. At the time, the memecoin launchpad had collectively deposited 1,564,055 SOL worth $322M into Kraken. Despite all the transfers, the platform still accounts for more than 70% of all token launches on the Solana network. Moreover, the platform has been responsible for roughly 56% of decentralized exchange trading on Solana in 2025. Some analysts believe Pump.fun may want to sell Analysts pointed out that Pump.fun has been making several deposits since late 2024, hinting at the possibility of a sell-off. Some even believe the it chose Kraken Exchange due to its high liquidity. The platform is still reeling from its losses from leaving the UK market in December 2024. Its troubles in the UK began when the UK Financial Conduct Authority (FCA) warned the public that the platform may have been providing or promoting financial services or products without its approval. The authority then advised users to stop using the platform, cautioning them that they could lose their funds. Pump.fun then followed with an update on its website and terms of service to block UK users. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Bitcoin and Ethereum face significant price drops this week. Market volatility is attributed to Fed monetary policy and inflation concerns. Continue Reading: Bitcoin and Ethereum Plunge: Key Factors Behind the Market Dip The post Bitcoin and Ethereum Plunge: Key Factors Behind the Market Dip appeared first on COINTURK NEWS .
The post PEPE Price Faces A 20% Drop Amid Heightened Whale Selloffs appeared first on Coinpedia Fintech News As Bitcoin (BTC) price slipped below the support range between $97k and $99k after teasing above $100k in the past few days, frog-themed memecoin, Pepe (PEPE), suffered palpable losses in the last 24 hours. The mid-cap memecoin, with a fully diluted valuation of about $7.6 billion and a 24-hour average trading volume of about $2 billion, dropped over 11 percent in the past 24 hours to trade about $0.00001816 on Wednesday, during the early European session. As a result of the heightened volatility, more than $5.6 million was liquidated from the leveraged Pepe market, with over $4.9 million involving long traders. Moreover, the majority of the memecoin projects registered a double percentage digit loss in the last 24 hours. Major Factors that Attributed to Pepe Price Drop Today The notable decline of Pepe’s price in the recent past is majorly attributed to the whale shakeouts. For instance, a whale investor with 1 trillion Pepe units, worth over $18 million, deposited over 427 billion Pepe units, with around $8.45 million to Kraken in the last two days. Worth noting that the Pepe whale has accrued an estimated profit of about $13.45 million. According to on-chain data analysis provided by Dexscreener, Pepe traded in the past 24 hours majorly involved more sellers than buyers. Out of the $3.3 million Pepe traded on DeFi protocols, around $2 million involved sellers. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Crypto Market Struggles: Bitcoin and Ethereum Face Selling Pressure , Midterm Targets After dropping below the 50-day Moving Average (MA), Pepe’s price has entered a slippery slope that could lead to further losses in the coming days. Although Pepe’s price is in a macro bull run in the weekly time frame, the memecoin faces a midterm drop of between 10-20 percent before rebounding towards a new all-time high (ATH). Furthermore, the daily Relative Strength Index (RSI) slipped below the 50 percent level, suggesting the sellers have overtaken the buyers in the midterm. However, Pepe and the rest of the crypto industry are highly anticipating the inauguration of US president-elect Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. 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updateSubscriptionButton(); } } }); FAQs Is PEPE coin worth buying now? PEPE coin is facing short-term volatility but could rebound. Consider risks before investing, as it might drop further before hitting new highs. Is PEPE coin a good investment? While PEPE shows potential for recovery, consider waiting for signs of stabilization after the current price decline for better long-term prospects.
Trump Rally could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump Rally (TRUMPRAL), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because TRUMPRAL is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Trump Rally can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Trump Rally could become the next viral memecoin. Trump Rally launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Trump Rally on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Rally by entering its contract address – 9sawQZwuqdxzgtn2ZhD1eeRit425XtaXfdn57RJY6bcM – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPRAL. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
The post Crypto Market Struggles: Bitcoin and Ethereum Face Selling Pressure appeared first on Coinpedia Fintech News The crypto market is feeling the heat as Bitcoin (BTC) a pioneer cryptocurrency is under increased selling pressure as shifts and due to microeconomic data & shifting sentiment continue to push back the upward momentum. Over the last 24 hours, Bitcoin dropped by nearly 7% after reaching a three-week high. Ethereum followed closely, experiencing a nearly 10% drop. Bitcoin Faces Strong Selling Pressure Binance, the largest crypto trading platform by volume, showed a sharp rise in Bitcoin selling. According to Cryptoquant on-chain analyst Darkfost Binance’s hourly Net Taker Volume , a key indicator of market sentiment, turned significantly negative, hitting $325 million, the highest recorded in 2025. This drop happened after disappointing U.S. economic reports, including weaker-than-expected PMI and job openings data. These reports made risky assets like Bitcoin less attractive, leading to higher sell-offs. While some fear this could signal a long-term bearish trend, others believe it might just be a short-term reaction. Ethereum Sees Its First Big Drop of the Year Meanwhile, Ethereum didn’t escape the pressure, recording its first major price dip in 2025. The price dip comes amid rising expectations that the Federal Reserve might skip an anticipated rate cut in its upcoming January 29 meeting Even though there’s no panic among Ethereum investors, yet ETH ETF flow into the exchange has seen an outflow of 86 million . Despite this, some positive signs are emerging, like Coinbase, another leading exchange, has seen buying momentum, likely supported by strong ETF data earlier in the week. If this trend continues, Ethereum could bounce back. What’s Next for the Crypto Market? While Bitcoin and Ethereum are under pressure, there’s still hope for a potential recovery if ETF inflows and buying interest rise. For now, experts advise caution, especially with upcoming events like Trump’s inauguration adding uncertainty to the market. Currently, Bitcoin’s price has dropped by 6.5% , trading at $95,433, showing a 6.5% decrease over the last 24 hours. This has also caused its market cap to fall to $1.89 trillion. Similarly, Ethereum (ETH) has experienced a decline, with its price now at $3,339, marking a 9% drop in the last 24 hours.
Spot Bitcoin exchange-traded funds experienced a sharp drop in inflows on Jan. 7 as Bitcoin fell 5%, driven by rising expectations of a more hawkish approach from the Federal Reserve. Bitcoin, the world’s largest cryptocurrency, surged past $102,000 yesterday, sparking renewed optimism among investors anticipating a market rally ahead of President-elect Donald Trump’s upcoming inauguration. However, the gains were short-lived as Bitcoin dropped by 5.7% within 24 hours, weighed down by rising U.S. bond yields and investor caution ahead of key economic updates, including the Federal Reserve’s meeting minutes and nonfarm payroll data. The increase in bond yields has fueled expectations of a more hawkish stance from the Federal Reserve. Officials have already signaled plans for only two interest rate cuts in 2025, fewer than previously anticipated. Investors are now awaiting the Fed’s meeting minutes, set to be released on Wednesday, Jan. 8, for more clarity on policymakers’ deliberations. Further pressure on Bitcoin came from a U.S. Labor Department report revealing job vacancies had climbed to a six-month high, driven by growing demand in the services sector. It precedes the crucial nonfarm payroll report scheduled for Friday. A stronger-than-expected jobs report could solidify expectations of prolonged Fed tightening, as a resilient labor market may continue to fuel inflationary pressures. You might also like: Calamos to launch Bitcoin ETF with 100% downside protection Bitcoin ETF inflows plunge by 94% The falling Bitcoin price resulted in inflows of just $52.9 million across the 12 Bitcoin ETFs on Jan. 7, as expectations of a hawkish stance from the Federal Reserve dampened risk-on sentiment among investors. Notably, this figure represents a 94% drop compared to the $987 million inflows recorded the previous day. According to data from SoSoValue, BlackRock’s IBIT was the only BTC ETF to record an inflow on Tuesday. The asset manager’s spot Bitcoin ETF drew in $596.11 million of inflows managing to offset the collective outflows seen from the other BTC ETFs. ARK and 21Shares’s ARKB logged the highest outflows of the day with $212.55 million exiting the fund. Grayscale’s two Bitcoin ETFs tickered GBTC and BTC also contributed to the negative momentum with $125.45 million and $113.85 million outflows respectively. Fidelity’s FBTC reported an outflow of $86.29 million while Franklin Templeton’s EZBC saw a more modest outflow of $5.58 million. The remaining BTC ETF saw “0” flows on the day. Meanwhile, the daily trading volume for these investment products stood at $4.62 billion on Jan. 7 a jump from the $3.96 billion witnessed a day before. AT press time Bitcoin ( BTC ) was exchanging hands at $96,145 per coin. Read more: Bitcoin and Ethereum gaining traction for bullish 2025, Solana looks stagnant: Nexo
Spot Bitcoin exchange-traded funds experienced a sharp drop in inflows on Jan. 7 as Bitcoin fell 5%, driven by rising expectations of a more hawkish approach from the Federal Reserve. Bitcoin, the world’s largest cryptocurrency, surged past $102,000 yesterday, sparking…
Bitcoin Price Dip: $5,000 Drop Challenges Market Sentiment Bitcoin (BTC) has recently faced a significant downturn, dropping over $5,000 in a single day amidst growing macroeconomic concerns, prompting discussions about
On-chain data shows less than 1% of all Bitcoin holders are still in loss following the surge in the asset’s price above the $100,000 level. Very Few Bitcoin Addresses Are Sitting Underwater At Current Price In a new post on X, the market intelligence platform IntoTheBlock has discussed about the profit-loss distribution of the Bitcoin userbase after the recovery run that the cryptocurrency has seen. Related Reading: Bitcoin Signal That Took Price From $69,000 To $108,000 Appears Again BTC is now not too far from its all-time high, so there wouldn’t naturally be many investors left in loss. Below is the chart shared by the analytics firm that shows the price ranges inside which these few addresses still underwater bought their coins. In the graph, the size of the dot corresponds to the amount of BTC that the holders last purchased inside the corresponding price range. Evidently, there are only very small dots associated with the levels ahead of the current spot price. In total, these ranges contain the cost basis of approximately 380,000 addresses. This may sound like a lot, but given the sheer size of the BTC userbase, this number makes up for less than 1% of all holders of the asset. Address cost basis levels are considered important in on-chain analysis due to the fact that investors are more prone to making moves whenever their profit-loss status is about to flip. Holders who were in loss prior to the retest (that is, when the retest takes place from below) might respond by selling, as they could fear the price would go down again in the future, making this potentially their only opportunity in the near term to get their money back. This selling can visibly affect Bitcoin if the level being retested contains the acquisition level of a large amount of investors. At present, though, the ranges ahead of the asset are clearly quite thin with addresses, meaning they should likely offer little in the way of resistance from such panic sellers. Related Reading: Bitcoin Exchange Supply Breaks Equilibrium: Whales Scoop Up 240,000 BTC This doesn’t necessarily mean crossing these levels would be a walk in the park for the coin, however, as when the profit-loss balance in the market shifts overwhelmingly towards profits, something else starts posing a significant risk: selling with the motive of profit-taking. The more lopsided the market gets, the higher is the probability of a mass selloff happening. With almost all Bitcoin investors sitting in gains right now, some of them are bound to exit their positions. It only remains to be seen whether demand would be strong enough to offset this selling pressure or not. BTC Price At the time of writing, Bitcoin is trading around $97,900, up 3% over the past week. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com
US fintech firm Ripple and blockchain oracle provider Chainlink have partnered to accelerate the adoption of the cross-border payments firm’s stablecoin, Ripple USD. “Ripple has adopted the Chainlink standard to access highly secure and reliable pricing data around the recently launched Ripple USD (RLUSD) stablecoin,” stated Chainlink on Jan. 7. Ripple describes its new stablecoin as an “enterprise-grade, USD-denominated stablecoin created with trust, utility, and compliance at its core.” Another Stablecoin Enters Crowded Market Chainlink’s price oracle feeds will provide real-time pricing data for RLUSD on Ethereum, which enables DeFi applications to integrate the stablecoin for trading, lending, and other uses. RLUSD is issued on the XRP Ledger and Ethereum blockchains, which makes it natively compatible with smart contract applications and DeFi. . @Ripple has adopted the Chainlink standard to access highly secure & reliable pricing data around the recently launched Ripple USD (RLUSD) stablecoin. Learn how Chainlink Price Feeds are set to accelerate the adoption of RLUSD across the DeFi ecosystem: https://t.co/BKJIgG0mpS — Chainlink (@chainlink) January 7, 2025 Johann Eid, Chief Business Officer at Chainlink Labs, said, “The adoption of tokenized assets such as stablecoins will continue to accelerate in the coming years, and having access to critical on-chain data will accelerate the process.” “By leveraging the Chainlink standard, we bring trusted data on-chain, further strengthening RLUSD’s utility across both institutional and decentralized applications,” added Jack McDonald, SVP at Ripple. RLUSD is entering a crowded stablecoin market dominated by Tether, which has a 65% market share. The total stablecoin market capitalization is at a record high of around $212 billion, representing around 6% of the entire crypto asset market, according to CoinGecko, which lists 232 stablecoins or pegged token derivatives. XRP and LINK Slide The announcement did nothing for the pair’s respective tokens, which took a hit in the broader market slump on Tuesday. Ripple’s XRP has fallen 6.4% on the day, from $2.45 to $2.28 at the time of writing. However, the cross-border token still remains up 6.6% over the past week and has gained a whopping 340% over the past three months. XRP remains around 34% down from its peak price of $3.40, which came seven years ago this week. Chainlink’s LINK took a huge 11.7% hit, falling from $23.50 to $20.5 at the time of writing as altcoins got hammered in the market correction. LINK topped $30 in a three-year high in mid-December but hasn’t managed to return there and remains down 59% from its May 2021 all-time high of $52.70. The post Ripple-Chainlink Stablecoin Partnership Doesn’t Stop XRP and LINK Sinking appeared first on CryptoPotato .