Nano Labs Ltd has launched a $500 million convertible notes offering to fuel its strategic acquisition of Binance Coin ( BNB), aiming to accumulate up to 10% of its circulating supply over time. China’s Nano Labs Targets BNB Dominance With $500 Million Convertible Notes Strategy Nano Labs Ltd (Nasdaq: NA), a Chinese web3 infrastructure and […]
I switched to theCrypto.com DeFi Wallet hoping for real decentralization over 6 months ago, but it felt too tied to their ecosystem. It implied “non-custodial,” but every interaction still felt corporate (IMHO). That then led me to my crypto colleague recommending me to give smart contract wallets a shot and to try Zengo. Everything felt…
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US President Donald Trump’s namesake meme token has tumbled hard, slumping nearly 90% from its all-time high set six months ago. Related Reading: Double Win: Dogwifhat Jumps 24% Alongside Bitcoin’s $107K Push Today, TRUMP is trading at $8.80, down 6% in the last seven days. Traders are on edge after the project’s team yanked $4.4 million in USDC from liquidity pools and a single whale lined up a $2.5 million sell order. Team Pulls Millions From Liquidity According to a recent post on X by Lookonchain, the Trump Coin team withdrew $4.4 million worth of USDC and moved 347,438 TRUMP tokens—valued at $3.12 million—from the main liquidity pool into a fresh wallet. The #Trump Meme Team removed 4.4M $USDC and 347,438 $TRUMP($3.12M) in liquidity 6 hours ago. They then bridged 4.4M $USDC to #Ethereum and transferred 347,438 $TRUMP($3.12M) to a new wallet.https://t.co/ORSLE6vJiAhttps://t.co/SYyNae1nio pic.twitter.com/okTk1u0Ow9 — Lookonchain (@lookonchain) June 26, 2025 That move came without any heads-up or clear reason. Now, many investors worry that the team might be preparing to dump coins, which would add selling pressure to a coin already struggling with low demand. Whale Places Huge Sell Order Based on reports, a major wallet known as Kewh32 has put 275,672 TRUMP tokens on the market, roughly $2.5 million at current prices. This whale also sold 100,000 tokens earlier in June and still holds 369,400 coins. If those tokens ever hit exchanges, the added supply could push the price even lower. Price Pattern Offers Mixed Signal On the daily chart, TRUMP has traced out a falling wedge pattern. That setup often leads to a breakout, but only when buyers step in with strength. Here, trading volumes remain weak. The relative strength index (RSI) has sat below 50 for over a month, signaling that sellers are still in control. At the same time, the Awesome Oscillator just flipped green—albeit still below zero—which hints that bearish momentum may be fading. Related Reading: Bitcoin Paces $15 Billion YTD Influx Amid 10-Week Fund Flow Streak Investor Confidence Falters Many traders are watching the $8 to $9 range closely. A failure to hold above $8 could spell more losses and test deeper support. Right now, there’s no sign of a strong rally. Without fresh buying interest or positive news, the downtrend inside the wedge looks set to continue. It won’t take much to spark a short squeeze—maybe a burst of social media hype or a big buy from another whale. But trust in the token’s team is shaky after the recent liquidity pull. Until on-chain activity shows real demand, most market players expect more choppy trading and lower prices. Featured image from Unsplash, chart from TradingView
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XRP and RLUSD just unlocked massive real-world utility as AEON integrates the cryptocurrencies into 20 million merchant payment systems, targeting global expansion across emerging digital economies. Ripple Partners With AEON to Launch XRP and RLUSD Payments XRP and Ripple USD are making inroads into real-world retail as AEON introduces them into its evolving digital payments […]
One investment adviser says Coinbase stock is looking strong despite being “due for a pullback,” but other analysts are more skeptical.
One investment adviser says Coinbase stock is looking strong despite being “due for a pullback,” but other analysts are more skeptical.
XRP price started a downside correction from the $2.220 zone. The price is consolidating and might decline further toward the $2.020 support. XRP price started a downside correction below the $2.20 zone. The price is now trading below $2.150 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2.150 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could find bids near the $2.020 zone and start a fresh increase. XRP Price Dips Below Support XRP price attempted more gains above the $2.150 zone, like Bitcoin and Ethereum. The price spiked above the $2.20 and $2.220 levels, but the bulls failed to extend gains. A high was formed at $2.2294 and the price is now correcting gains. There was a move below the $2.20 and $2.15 levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $1.910 swing low to the $2.2294 high. Besides, there was a break below a bullish trend line with support at $2.150 on the hourly chart of the XRP/USD pair. The price is now trading below $2.180 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.150 level. The first major resistance is near the $2.20 level. The next resistance is $2.220. A clear move above the $2.220 resistance might send the price toward the $2.320 resistance. Any more gains might send the price toward the $2.40 resistance or even $2.450 in the near term. The next major hurdle for the bulls might be $2.50. More Losses? If XRP fails to clear the $2.20 resistance zone, it could start another decline. Initial support on the downside is near the $2.070 level or the 50% Fib retracement level of the upward move from the $1.910 swing low to the $2.2294 high. The next major support is near the $2.020 level. If there is a downside break and a close below the $2.020 level, the price might continue to decline toward the $2.00 support. The next major support sits near the $1.920 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.070 and $2.020. Major Resistance Levels – $2.20 and $2.220.
