BONK price: bulls defend key level as Solana meme coins heat up

  • Bonk (BONK) price hovers above a key level after bulls gained 7%.
  • Pudgy Penguins (PENGU) had briefly overtaken Bonk as the top Solana-based meme token by market cap.
  • Analysts say BONK could explode higher amid overall memecoin resurgence.

Bonk (BONK) and Pudgy Penguins (PENGU) are in a battle for top spot among Solana-based meme tokens.

At the time of writing, Bonk was surging 7% in the past 24 hours to just reclaim the throne with a market cap of over $2.71 billion.

Pudgy Penguins, which had exploded double digits amid spot exchange-traded funds news and Binance seed tag removal, tailed a close second with $2.69 billion in market cap.

The rally for PENGU, which briefly saw it overtake Bonk as top Solana meme, came as other ecosystem tokens like dogwifhat and Popcat recorded upside flips.

BONK, PENGU price surge helped by Binance lifting tag seed

While memecoins have recently exploded amid a broader altcoin rally, BONK and Pudgy Penguins have benefited from an announcement by Binance. 

On July 21, 2025, the leading crypto exchange posted an update that indicated Binance will remove the Tag Seed for BONK, EIGEN, ETHFI, PENGU and PEPE.

“Tokens with the Seed Tag represent new, innovative projects that may exhibit higher volatility and risks compared to other listed tokens,’ Binance explained. 

By removing the tokens from the list of those tagged as high risk, Binance helped to bolster not just trader confidence, but also enhanced liquidity support. The move also catalyzes increased visibility for the tokens, likely why PENGU, BONK and the other projects exploded.

Pudgy Penguins’ community reacted to ETF filing news in style and crypto analyst Ali Martinez had this to say:

“Pudgy Penguin $PENGU: Top-tier memecoin with mainstream crossover. ETF filing puts it in rare company.”

The meme coin briefly surpassed BONK in market capitalization, and could yet establish itself there unless BONK fights back.

BONK price: bulls look to defend key level

BONK’s price is up just 6% in the past 24 hours and 9% in the past week. However, with bulls looking to defend a critical support level around $0.00003485, the fight to fend off Pudgy Penguins’ push is on.

Currently, BONK is consolidating between support at $0.00003 and the supply zone at $0.00004.

Analysts are optimistic that BONK holding above the current demand zone could allow them to target November 2024 highs. This is the area of Bonk’s all-time high above $0.000059. BONK’s resilience and community support, with open interest up 2.69% to over $55 million.

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XRP price staggers as Ripple moves 200 million tokens

  • XRP briefly surpassed McDonald’s in market cap following its recent price surge.
  • XRP price has dropped 5% after hitting a new high of $3.65.
  • Ripple has moved 200M XRP from a 2020 wallet in a third massive transfer.

Notably, after an impressive 500% surge since July 2024, XRP briefly outshone corporate giants like McDonald’s and American Express in market capitalisation.

However, recent movements by Ripple have introduced uncertainty, causing the XRP price to drop nearly 5% from its record high of $3.65 and settle around $3.45 at press time.

Ripple moves massive XRP from old wallet

In a move that has caught the attention of both investors and blockchain analysts, Ripple recently transferred 200 million XRP (worth approximately $700 million at the time) from an old wallet created in 2020 to a newly activated address.

Blockchain tracking platform Whale Alert was the first to flag the massive transaction, sparking a wave of speculation across the crypto community.

This was not an isolated case. According to XRP Liquidity (Larsen/Britto/Escrow/ODL/RLUSD), this is the second large transaction of similar size in just three days.

Notably, each of these transfers involved 200 million XRP, all executed from Ripple-controlled wallets and routed to fresh, unidentified addresses.

The emptied wallet had been dormant for years, further intensifying curiosity about Ripple’s motive behind the sudden movements.

XRP price dips after new all-time high

The timing of these transactions coincided with XRP’s retracement from its newly reached high of $3.65.

The token had recently touched this mark twice in the past week, once on Friday and again on Monday.

However, following the latest wallet movement, XRP’s price slipped to a low of $3.44, creating questions about the stability of its ongoing rally.

XRP price pullback

The price dip could be a short-term response to perceived selling pressure, even though there is no direct evidence that Ripple has sold the tokens.

Many believe the XRP transfers by Ripple could be strategic, possibly for liquidity management, staking preparation, or institutional onboarding.

However, for traders, large transfers often signal potential market volatility.

What’s next for XRP?

Despite the short-term price correction, XRP’s long-term outlook remains optimistic.

The fundamentals supporting its growth — regulatory clarity, institutional adoption, and market legitimacy — are still intact.

Ripple’s massive wallet transfers may create momentary doubt, but they also suggest internal restructuring and strategic allocation rather than market exit.

For traders and investors, the key question now is whether XRP can stabilise above the $3.40 range and push toward reclaiming its $3.65 high.

The current market conditions, shaped by both internal blockchain activity and broader macro developments, will play a pivotal role in determining the next leg of XRP’s journey.

As the crypto market continues to evolve, XRP remains one of the most closely watched digital assets.

Its ability to hold momentum amid large-scale movements and shifting sentiment will likely define its performance in the months ahead.

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World Liberty Financial acquires 3,473 ETH, stakes it on Aave

  • World Liberty Financial just bought 3,473 ETH for $13 million.
  • The Ethereum (ETH) was staked on Aave to earn DeFi yield.
  • WLFI coin launch expected within six to eight weeks.

In a bold move that underscores its deepening involvement in decentralised finance, World Liberty Financial has acquired 3,473 ETH valued at $13 million.

The acquisition was followed swiftly by staking the assets on Aave, a leading DeFi protocol.

This strategic manoeuvre not only strengthens the firm’s crypto position but also signals its intention to actively participate in Ethereum-based income-generating platforms.

The $13 million ETH staking deepens World Liberty Financial’s DeFi strategy

The purchase, executed through multiple wallet addresses, was conducted at an average price of $3,743 per ETH, according to blockchain data from Arkham Intelligence reported by Lookonchain.

Following the latest purchase, World Liberty Financial’s total ETH holdings now stand at approximately 73,616 ETH, which is currently valued at around $275.9 million.

The move comes amid a period of renewed institutional interest in Ethereum, with World Liberty Financial positioning itself firmly among the major players betting big on ETH.

Once acquired, the ETH was promptly staked on Aave, one of the largest decentralised lending and borrowing platforms in the DeFi space, indicating a clear strategy to go beyond holding crypto assets passively and instead generate yield through DeFi staking.

Ethereum (ETH) rallying as institutional inflows rise

World Liberty Financial’s timing appears calculated, especially seeing that the ETH market has witnessed notable inflows recently, particularly from institutional investors.

Sharplink Gaming, another company with strong crypto ties, recently added $250 million worth of ETH to its holdings, pushing its total ETH portfolio to a staggering $1.3 billion.

This reflects a wider sentiment shift, with Ethereum emerging as the digital asset of choice for institutions looking to capitalise on its long-term potential.

On the derivatives front, spot Ethereum ETFs registered a net inflow of $533.9 million on July 22 alone. In contrast, spot Bitcoin ETFs saw a $67.9 million net outflow during the same day.

This shift in institutional preference likely contributed to Ethereum’s growing appeal among strategic investors like World Liberty Financial.

At the time of the acquisition, Ethereum (ETH) was trading around $3,686, with prices fluctuating between $3,650 and $3,758 in the past 24 hours.

Over the last seven days, ETH has gained 16%, with a 62% surge over the past month.

Notably, Ethereum’s strong market performance is helping boost the valuation of crypto portfolios heavily exposed to the asset.

WLFI coin launch set to follow

This aggressive ETH accumulation is not happening in isolation. World Liberty Financial is also gearing up to launch its native WLFI coin.

According to a statement by the project team, the WLFI token will begin trading within the next six to eight weeks.

The project emphasises that the launch is being carefully timed and backed by strategic partnerships, smart coin unlocking mechanisms, and broader ecosystem planning.

The WLFI coin is expected to serve as a key pillar in the company’s broader crypto ambitions.

By combining Ethereum (ETH) staking strategies with an imminent token launch, World Liberty Financial is signalling its intent to compete at a higher level within the DeFi and digital asset space.

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Flare price pumps 25% amid explosive DeFi growth: is a new ATH next?

  • Flare price rose sharply as altcoins continued to steer bullish with Ethereum, XRP and Solana up.
  • The FLR token was up 25% as bulls pushed from lows of $0.02089 to highs of $0.02722.
  • With DeFi and broader market resilience, Flare could target a new all-time.

The cryptocurrency market continues to trend bullish as top altcoins see gains, but not many can match Flare (FLR)’s explosive 25% outperformance in the past 24 hours.

FLR’s gains dwarf those of key 24-hour performers Pudgy Penguins, Worldcoin and PancakeSwap.

The token traded around $0.2702 at the time of writing, with daily volume up 457% to over $98 million.

Open interest on Coinglass showed a 35% increase to $11.8 million.

Flare price: is FLR poised for a new peak?

As Ethereum holds firm above $3,600 and Solana consolidates gains above $200, renewed optimism has emerged around Flare (FLR).

FLR has surged from intraday lows of $0.02089 to as high as $0.02722, marking one of the strongest performances among major cryptocurrencies.

The rally has pushed Flare into the 57th spot by market capitalisation, placing it among the top gainers within the 100 largest digital assets.

With total value locked, transaction volume and overall DeFi growth on the uptick, is this spike in FLR price the beginning of a major flip to a new all-time high?

Per data from CoinMarketCap, Flare reached the all-time peak of $0.0797 in January 2023.

Flare price chart by CoinMarketCap

FLR price is up nearly 50% in the past week and 63% in the past month.

Much of the enthusiasm and bullish forecasts for Flare are down to the project’s innovative DeFi approach.

Asset bridging has caught the market’s attention with recent integrations and mega incentives.

DeFi on Flare gains traction

Flare’s latest price pump comes in a month where the project unveiled a massive $2.2 billion incentive program for its FAssets.

The target is explosive growth in Flare’s DeFi share with cross-chain liquidity and TVL.

Interest has also jumped amid the integration of XRPFi, a DeFi initiative targeted at tapping into XRP on the network.

This is what Firelight, a key protocol on the Flare network, has introduced to early success.

As XRPFi takes root, tokens such as stXRP, a liquid staking token that allows users to earn yields while maintaining liquidity across DeFi platforms, are gaining traction.

Institutional interest is also growing. One such big move is VivoPower.

The Nasdaq-listed company recently announced a $100 million XRP deployment on Flare with the aim of generating yield.

“Flare isn’t just for institutional XRP holders like VivoPower, it’s also powering platforms like Uphold that serve millions of everyday users. With Flare’s yield strategies, they can offer simple, opt-in XRP staking — no DeFi expertise required. That’s the kind of simplicity we’re aiming for,” Flare wrote on X

Momentum across the Flare network has seen its TVL surge triple digits to near $200 million. SparkDEX, Kinetic and Sceptre Liquid are key protocols on the network.

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