Bitcoin ist der „perfekte Vermögenswert“ für die nächsten 1.000 Jahre, aber er braucht weitaus größere Kapitalströme, um mit dem US-Dollar und Gold konkurrieren zu können, so der Bitcoin-Veteran Willy Woo.
Test (TST) price turns bearish as developer liquidates entire holdings
- A developer wallet has sold TST worth $30,400 in four transactions.
- The participant has fully exited his TST position, sparking concerns among the community.
- Data shows the alt’s open interest plunged 6.15%, highlighting emerging bearish sentiments.
Digital tokens performed well on Monday as the cryptocurrency market capitalization reclaimed $4 trillion, with Bitcoin surpassing $122,000.
While Ethereum’s jump past $4,300 renewed the altseason narrative, Test’s (TST) momentum weakened as transactions involving its creator dented sentiments.
Gmgn data shows the investor dumped his entire TST stash within 12 hours, offloading assets worth around $30,400.
The wallet executed the sell-off in four different transactions, leaving the portfolio without Test tokens.
While the amount might not sound staggering in the cryptocurrency industry, it’s enough to dent confidence in niche and smaller-cap tokens like TST.
Market players often perceive a full exit by an insider or developer as a negative gesture.
The altcoin is already flashing bearish signals. It has lost around 1.40% in the past 24 hours despite broad market recoveries.
Also, data shows TST’s Open Interest has dipped by 6.15%, confirming that traders are closing existing positions.
Why the dump matters
Investors often view team and developer holdings as “trust anchors.”
If individuals who launched the asset still hold a substantial stake, it signals confidence in the project’s future.
However, the perceived confidence dwindles once they liquidate their entire holdings.
For the Test coin, the optics are challenging.
The remarkable 2025 surge to $0.52 materialized as the community misinterpreted Binance founder Changpeng Zhao’s tutorial as an endorsement.
CZ clarified that the Test was just an experimental coin for BNB Chain’s tutorial and not an investment vehicle.
He even confirmed that they had deleted the address used to create a token.
That meant no individual could interact with or alter the digital token anymore.
Thus, the sudden developer exit raised eyebrows.
Is it a calculated exit ahead of possible volatility or offloading assets left from tutorial days?
Bearish sentiments prevail
TST’s momentum has shifted to bearish following the developments.
Coinglass data shows its Open Interest plunged sharply by 6.15% after the sudden sell-off.
For context, Open Interest tracks the total outstanding perpetual swap or futures contracts.
A decline in this metric shows traders exiting positions without executing new ones, indicating increased caution or fading optimism.
Also, TST displays weakness on its daily price chart.
It has retraced to $0.02561 with a 30% increase in 24-hour trading volume, indicating increased activity from participants potentially closing their positions.
Test Token: a coin with zero purpose?
TST’s primary challenge is that it lacks real-world utility.
It was an experimental asset to show developers how to deploy tokens on the BNB Chain.
TST doesn’t power any NFT platform, metaverse project, or DeFi app.
However, even useless things can find a considerable following in the crypto world.
TST has over 16K followers on X. Players often treat these assets like meme tokens, waiting for hype to propel prices.
Meanwhile, the latest developer exit has tested the community’s optimism.
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Dogecoin price prediction: DOGE to rally to $0.3 if $0.22 support holds
Key takeaways
- DOGE rallied by 16% last week to hit the $0.23 mark.
- The leading memecoin could rally to the $0.30 psychological mark if market momentum remains bullish.
DOGE breaks above $0.20, targets new highs
DOGE, the native coin of the Dogecoin ecosystem and the leading memecoin, performed excellently over the last seven days. The coin added 16% to its value during that period, surpassing the $0.20 mark in the process.
At press time, DOGE is trading at $0.2344 and could be set to hit the $0.30 mark for the first time since February 2025. The rally comes as the broader cryptocurrency market recorded excellent gains over the past few days.
Bitcoin, the leading cryptocurrency by market cap, hit the $122k mark earlier today after adding 3% to its value over the weekend. Ether surged past $4,300 for the first time in four years and is now targeting the all-time high price of $4,891.
DOGE targets $0.3 amid bullish momentum
The leading memecoin could continue its rally as bullish momentum engulfs the broader market. The DOGE/USD 4-hour chart is bullish and efficient, suggesting that traders could be gearing up to push the price higher.
The MACD lines have crossed into positive territory while the RSI of 66 shows that buyers are currently in control of the market. If the market momentum persists, the DOGE/USD pair could cross the first major resistance level at $0.2865 over the coming hours or days. An extended bullish run would pave the way for DOGE to surpass the $0.30 mark for the first time since February 2025.
However, the market might show signs of exhaustion, resulting in a bearish trend. If that happens, DOGE could retest the first major support level and its 4H TLQ at $0.2208. Failure to hold this support level could see DOGE drop further towards the Break of Structure (BOS) around $0.2098.
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Michael Saylor unbeeindruckt von Anstieg bei Ethereum (ETH)-Treasury-Firmen
Michael Saylor macht sich keine Sorgen über das wachsende Interesse an Kryptowährungen jenseits von Bitcoin und behauptet, dass Bitcoin den S&P 500 auf „unbestimmte Zeit“ übertreffen werde.
Best crypto to buy now: Bitcoin Penguins’ presale nears the final stretch as altseason momentum builds
- With altseason momentum heating up, the BPENGU presale is approaching its final stages.
- The BPENGU presale has already raised over $2.5 million in just days, and the clock is ticking.
- The current price sits at $0.00141, but will rise soon, making this one of the final low-cost entry points before the September 2 exchange listing.
The crypto market is entering a decisive phase. Bitcoin (BTC) has pushed above $120,000 and is edging toward its all-time high of $123,218,
Ethereum (ETH) is trading above $4,300 after a blistering 22% weekly rally, and altcoins are surging in tandem.
When Bitcoin consolidates near record levels, capital often flows into higher-risk, higher-reward plays — the hallmark of altseason.
That dynamic is in full swing now, and Bitcoin Penguins (BPENGU) may be the most compelling opportunity left in the current cycle.
The BPENGU presale has already raised over $2.5 million in just days, and the clock is ticking.
With a hard deadline of August 27 or a $10 million cap — whichever comes first — the window to get in is rapidly closing.
The current presale price sits at $0.00141, but will rise soon, making this one of the final low-cost entry points before the September 2 exchange listing.
From Pudgy Penguins to Bitcoin Penguins: the meme meta evolves
Pudgy Penguins exploded nearly 500% from late June before a sharp 30% correction in recent days, a likely sign of investors rotating profits into fresher opportunities.
Its success cemented penguin-themed tokens as this cycle’s meme meta, blending hyper-memetic branding with viral community growth.
Bitcoin Penguins takes that formula further. While Pudgy lives on Ethereum, BPENGU integrates directly into the Bitcoin ecosystem, tapping into the $2 trillion market cap and institutional tailwinds of the world’s largest cryptocurrency.
This strategic shift could attract both meme coin traders and long-term Bitcoin believers.
BPENGU’s design also minimises market supply through its staking program — and offers something no other meme coin does: a weekly provably fair lottery awarding one staker an entire Bitcoin.
It’s an innovative incentive that strengthens community engagement and drives long-term holding.
Bitcoin Penguins: the presale to watch
Beyond price action and tokenomics, Bitcoin Penguins is anchored by a bold mission: to one day purchase land in Antarctica and turn it into a penguin sanctuary.
This narrative gives the project a cultural and emotional edge, enhancing its viral potential.
As many analysts note, mission-driven memes can sustain momentum far longer than hype alone.
With altseason momentum heating up, the BPENGU presale approaching its final stages, and the September 2 listing already set, Bitcoin Penguins offers one of the most asymmetric bets in the market.
For investors chasing the best crypto to buy now, this may be the last chance to catch the next penguin-powered moonshot before it leaves the nest.
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