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AERGO price falls 12%, defies broader crypto surge

  • Aergo price has dived 12% as Bitcoin and top altcoins rally.
  • The AERGO token falls amid profit-taking after a staggering 300% surge.
  • Bears could eye levels below $0.20.

Aergo price has dipped further as profit-taking holds, with the altcoin declining even as most altcoins rose in the past 24 hours.

These losses come after a staggering 300% surge for AERGO seen earlier this month. The token has nosedived despite a major network update.

“With AERGO 2.7.0, smart contract verification enters a new era. By embedding AI-powered auditing directly into the platform, AERGO ensures contracts are not only deployed faster but with greater confidence in their security and integrity,” the Aergo team wrote.

The AERGO price action today

As of April 23, 2025, the price of AERGO hovered near $0.21, down 12% per data from CoinMarketCap.

The decline comes amid heightened volatility, with the token’s meteoric rise having given way to massive selling pressure.

Notably, like other recent explosive tokens such as VOXEL, Aergo has seen a significant spike in concerns over potential market manipulation.

Analysts have also pointed to potential insider selling, a 44% drop in a single day recently exacerbating the concerns.

Market analyst Ash Crypto shared in a post on X:

As AERGO price falls, altcoins such as Deepbook, Zerebro, and Sui have surged in the past 24 hours.

ETH, XRP, and SOL have led the mega cap alts higher also.

The upside follows Bitcoin (BTC) edging past key resistance levels to regain $94k.

BTC’s surge comes amid a weaker US dollar and strong institutional buying, with news on tariffs and other factors catalysing gains.

Spot Bitcoin exchange-traded funds have also shown strong institutional demand, aligning inflows with Bitcoin’s resilience.

This means AERGO’s pullback stands out, including the 10% decrease in daily volume.

AERGO price analysis

Despite today’s dip, AERGO remained up 222% in the past month, reflecting the recent strength of the altcoin’s surge.

However, AERGO’s price action reflects a classic post-pump correction.

After surging to an all-time high near $0.70 on April 16, driven by Binance’s perpetual contracts and DigiFinex’s USDT trading pair listing, the token faced intense selling pressure.

It means bulls have a lot to do to reclaim recent peaks.

On the upside, AERGO faces resistance at $0.23 and $0.28, with a break above potentially targeting $0.42.

The flipside has a dip below $0.20 and a retest of $0.16 and $0.12.

If Bitcoin sustains its rally and altcoin sentiment continues to be positive, it will be interesting to watch what AERGO does. Will bulls rebound, or are concerns set to push prices lower?

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Pi Network can still hit $5 despite $138M token unlock, says analyst

  • The over $$138.252 million Pi Network token unlock on over the next 30 days may pressure Pi’s price.
  • Whales have moved 41M PI off exchanges, hinting at a rebound.
  • Analysts predict $5 target with market and ecosystem growth.

Pi Network token has had a rough patch recently, with the Pi Network price dipping 80% from its all-time high to around $0.63 and struggling to gain momentum amid daily token unlocks.

Despite the immense bearish pressure exerted by the token unlocks, a bold Pi Network price prediction has emerged from analysts, one of whom foresee the PI token climbing to an impressive $5.

Why the $5 Pi Network price prediction could be realistic

To start with, Pi Network price today sits at around $0.63 with a sturdy support at $0.60, a zone some experts believe could serve as a springboard for a breakout toward higher valuations.

Technical analysis reveals a double-bottom pattern with a neckline at $0.7857, hinting at a possible breakout, while price prediction models suggest a climb to $1.83 by May 2025; a 190% jump from today.

Adding fuel to the optimism, Pi Network founder Nicolas Kokkalis is slated to speak at Consensus 2025, a major crypto event, signaling a boost in credibility for the project amid the latest Pi Network news.

Notably, Kokkalis’ appearance at Consensus 2025 alongside crypto giants like Eric Trump and Bo Hines coincides with the unlock of 5.6 million tokens, a move that could either weigh on the price or be absorbed by growing demand, depending on market dynamics.

At the same time, Pi token whale activity is turning heads, with a single investor withdrawing 7.5 million PI token valued at $4.82 million from OKX, part of a broader $48 million accumulation now worth $31 million.

From a broader perspective, whales have move approximately 41 million Pi tokens from crypto exchanges, signaling at massive accumulation.

Such large-scale accumulation suggests confidence in the Pi Network value, potentially foreshadowing a price surge as these investors position themselves ahead of key milestones.

Analysts also point to several drivers that could spur a potential recovery, including an improving cryptocurrency market, clearer Pi Network tokenomics, listings on top-tier exchanges, and broader ecosystem growth; all critical for the Pi Network price prediction to materialize.

A listing on exchanges like Binance or Coinbase could also ignite investor enthusiasm, pushing the Pi Network price beyond its stubborn resistance at $0.70, a level it has repeatedly failed to breach.

Beyond that, expanding real-world use cases for the PI token, such as applications or services accepting it, could solidify its utility and bolster long-term value.

Possible handles that could curtail Pi Network’s rise

The planned unlock of 219,065,154.07 tokens over the next 30 days and over 1.5 billion tokens over the next year raises concerns about dilution.

Pi Network token unlocks over the next month

And to make things worse, 35 billion PI tokens are held by insiders against 65 billion allocated to the community, a factor that could challenge the Pi Network price.

In addition, the Pi Network open mainnet launch problems, as users struggle to migrate to the mainnet, has limited exchange presence, keeping its market cap at $4.3 billion and its price in a holding pattern.

Nevertheless, the team has unveiled an elaborate Pi Network tokenomics with a total supply of 100 billion tokens; 65% allocated to community mining rewards, 10% to the foundation, 5% to liquidity, and 20% to the Core Team, and designed to scale with community migration to the mainnet.

This tokenomics structure aims to ensure fairness and prevent early dumping, tying the network’s progress to the speed of Pioneer adoption, a unique approach that could stabilize the Pi Network value over time.

In essence, while the 5.6 million tokens unlock poses a near-term risk, the $5 Pi Network price forecast hinges on Pi Network overcoming its challenges and capitalizing on its ecosystem expansion, making the Pi Network mainstream adoption a critical watchpoint.

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FTT leads Binance delisting vote with 11.1% of community support

  • Voting ran from April 10 to April 16, 2025.
  • ZEC and JASMY followed with 8.6% of the votes each.
  • Binance says votes won’t be sole factor for delisting.

FTT, the native token of collapsed exchange FTX, is facing renewed pressure as it topped Binance’s second “Vote to Delist” round with 11.1% of the community votes.

The vote, which ran from April 10 to April 16, 2025, forms part of Binance’s broader governance programme, allowing users to weigh in on tokens marked with a Monitoring Tag.

These tokens are deemed to carry greater risk or volatility, prompting deeper internal evaluations by Binance. While voting results alone do not determine delistings, they significantly influence the exchange’s decision-making process.

The token has seen persistent downward momentum since the beginning of the year, and its association with FTX’s collapse in November 2022 continues to cloud investor confidence.

At the time of writing, FTT was trading at $0.80, down 4.1% in the past 24 hours, with its latest decline echoing sentiment-driven selloffs seen in the first round of voting.

Source: CoinMarketCap

Binance expands governance tools

Binance’s “Vote to Delist” initiative is aimed at improving transparency and strengthening user participation in governance. It targets assets flagged with Monitoring Tags, typically due to liquidity concerns, regulatory risks, or large price swings.

Although community sentiment plays a key role, Binance has clarified that delisting decisions are not solely determined by voting outcomes.

“The voting result will not be the sole deciding factor to determine the final delisting decision,” Binance stated on its Square platform.

The review process will also consider internal metrics and compliance standards, and any final decision may be delayed depending on procedural requirements.

FTT’s leading position among 17 tokens included in the second voting round suggests a strong community preference for removal, reinforcing the market’s wariness of its long-term viability.

Altcoins face price drops, delisting risk

Other tokens also registered notable levels of concern. Zcash (ZEC) and JasmyCoin (JASMY) each received 8.6% of the votes, reflecting increasing user doubt despite their historical popularity.

GoPlus Security (GPS) followed with 8.2%, while PlayDapp (PDA) came in at 7.6%. Voxies (VOXEL), Alpaca Finance (ALPACA), and STP Network (STPT) also featured prominently, with 7.1%, 6.3%, and 5.9% of the votes, respectively.

Price data shows these tokens have begun to react to the voting results. JASMY and STPT both dropped around 6% over the past 24 hours, with several other coins showing more modest declines.

For instance, VOXEL, PDA, and ALPACA all posted red candles, suggesting investor anxiety may extend beyond FTT.

Also included on the list were Flamingo Finance (FLM) with 4.3%, ARK (5.8%), Biswap (BSW) with 5.5%, and MovieBloc (MBL) at 4.2%.

Smaller vote shares were seen for Wing Finance (WING) at 3.8%, Ardor (ARDR) at 3.6%, and Perpetual Protocol (PERP) at 3.4%. NKN and LTO Network closed the list with 3.2% and 2.9% of the votes, respectively.

Market awaits Binance decision on FTT

While Binance’s final delisting decisions are pending, the data signals a clear community trend away from tokens viewed as unstable or compromised.

Market participants are expected to monitor Binance’s review process closely, particularly for tokens like FTT and JASMY, which continue to attract regulatory and public scrutiny.

The exchange has not announced a firm delisting timeline and reiterated that internal reviews are still in progress.

However, the market impact has already materialised, with sharp short-term price declines and trading volumes showing volatility across the affected tokens.

With this round of votes concluded, Binance’s next steps could set a precedent for how much influence community feedback will hold in shaping the platform’s asset offerings moving forward.

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Status (SNT) price surges as developer activity rises 35%

  • Status (SNT) price jumpd 38% in the past 24 hours.
  • Gains see the altcoin rank among best gainers today.
  • SNT broke to near $0.030 amid network growth, though potential for profit taking is high.

Status (SNT), the utility token powering the Status Network, has seen a remarkable price surge.

According to data from CoinMarketCap, SNT price is up 38% in the past 24 hours and over 60% in the past week. Its performance has overshadowed the plummeting MANTRA.

Having broken above resistance at $0.023, Status price jumped to near $0.030 before paring some of the gains.

Despite this, SNT ranks among the top gainers in the top 500 coins by market cap, behind Ardor (ARDR) and Fuel Network (FUEL). The altcoin traded around $0.028 with the daily volume spiking more than 1,200% to suggest massive market activity.

SNT development activity on the rise

Status has been making waves in the blockchain space, as evidenced by a 35% growth in development activity, a metric verified by Chain Broker.

According to the analyst, Status ranked among the top 10 projects for development activity growth in the past month. Its overall activity measure of +35% put SNT alongside heavyweights like Cosmos, and Solana.

The project’s consistent focus on its mission—delivering private messaging, crypto freedom, and true decentralization—has kept its development efforts robust. A recent update from the official Status account emphasized this commitment.

Status is a project dedicated to enhancing an open-source messaging platform and mobile interface for Ethereum-based decentralized applications, likely contributing to its recent price momentum.

Status price forecast: What next for SNT?

Traders might want to watch the broader market for overall sentiment, with Bitcoin futures suggesting a weakness as China reportedly sells its seized crypto.

If there’s a sharp retracement, wavering on the part of bulls will impact the rest of the market.

The crypto fear & greed index also points to caution.

Technical indicators provide an outlook for SNT’s price trajectory.

On the daily chart, the Relative Strength Index (RSI) stands at 61 and upslopping, signaling a potential flip into overbought territory.

Similarly, the Moving Average Convergence Divergence (MACD) reflects bullish momentum. The signal line is above the 50-period mark, while the positive histogram adds to this picture.

However, the recent 9.65% price increase could signal a potential reversal if bullish momentum builds.

SNT chart by TradingView

Derivatives data from CoinGlass highlights market dynamics, showing fluctuations in futures volume and open interest for SNT.

OI up 89% to over $7.4 million and rising trading activity in futures suggests growing speculative interest. This could amplify price volatility, with a jump in open interest continuing in the short term.

In this case buyers could push SNT price to $0.05. However, the market continues to seesaw and SNT’s price may have to rely on support near $0.018.

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Coinbase warns of renewed crypto winter as altcoin market cap plunges 41%

  • Bitcoin and COIN50 fall below 200-day moving averages.
  • Venture capital remains 60% below 2021 levels despite mild rebound.
  • Market may stabilise between mid and late Q2 2025, says Coinbase.

The risk of a renewed crypto winter is rising, Coinbase Research warned this week, as key technical and macroeconomic indicators suggest the digital asset market may be entering another prolonged downturn.

In a note published yesterday, Coinbase said Bitcoin has slipped below its 200-day moving average—a level widely seen as a bearish signal.

The COIN50 index, which tracks the top non-Bitcoin assets on the platform, has also fallen beneath its long-term support.

Adding to the market stress are surging global tariffs and prolonged fiscal tightening, both of which are weighing on investor sentiment and curbing inflows into crypto.

The situation echoes the 2022 crash, when over $2 trillion in market value was wiped out within 18 months.

Altcoins have been hit the hardest. Excluding Bitcoin, the total crypto market cap has dropped 41% since its December 2024 peak, falling to $950 billion.

That figure is lower than any level recorded between August 2021 and April 2022, a time when market turbulence was already high.

Altcoins fall 41%

According to Coinbase, the sustained drawdown in altcoins highlights the weakening appetite for riskier crypto investments.

Tokens outside the Bitcoin ecosystem have seen sharp sell-offs amid thin liquidity and a lack of new capital.

The COIN50 index now trades well below its 200-day average, signalling broad technical weakness across the sector.

Retail interest has also declined, while institutional flows remain limited. This suggests that the bullish momentum seen in late 2024 has largely dissipated.

Many smaller projects are underperforming, particularly those in niche segments such as decentralised AI, Web3 gaming, and tokenised real-world assets.

Funding stays low

Coinbase’s report also points to stagnation in venture capital. Although investment volumes have picked up modestly since late 2024, they remain 50% to 60% below the highs recorded during the 2021–2022 cycle.

This has left many early-stage startups without the runway to scale, pushing some to pause development or downsize operations.

The absence of fresh capital has slowed innovation across key verticals.

Many in the industry had expected decentralised finance, metaverse applications, and crypto crowdfunding models to lead the next bull cycle. Instead, these areas have stalled.

Macro weighs on sentiment

Coinbase cited external economic pressures as a major reason for the recent slump.

Tighter monetary policy, high interest rates, and the escalation of global tariffs have all eroded investor confidence.

David Duong, head of institutional research, said the investment environment has become “paralysed” as both traditional and crypto markets face liquidity stress.

These macro headwinds have discouraged speculation and limited the flow of capital into digital assets.

Traders have pulled back, focusing instead on safe-haven assets as geopolitical risk and inflation remain elevated.

Recovery may follow

Despite the gloom, Coinbase believes the market may find a bottom between mid and late Q2 of 2025.

A stabilisation in macro conditions—particularly a slowdown in inflation or an easing of interest rates—could help revive capital flows.

Coinbase warns of a potential crypto winter as altcoins drop 41% and Bitcoin breaks key support. Market cap falls to $950b, mirroring 2022’s downturn.

According to Duong, sentiment may reset quickly once market stress subsides, opening the door to a recovery in the second half of the year.

The report stops short of making bullish predictions but says tactical positioning may be useful in the current environment. Analysts suggest keeping a close eye on liquidity trends and macro data as potential signals of a shift in momentum.

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