Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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PUMP circulating supply shrinks as Pump.fun’s total buybacks surpass $58M

  • The Launchpad bought PUMP worth $10.6M last week.
  • fun has spent more than $58M to repurchase the native token.
  • The program has reduced the PUMP circulating supply by 4.26%.

The Solana-based meme trading and creation platform is once again in the spotlight, this time with its significant buyback program.

Pump.fun has announced that it used $10,657,503 to buy PUMP between August 20 and 26.

The number made headlines as it represents 99.32% of the total revenue the network yielded in that timeframe.

The move reflects Pump.fun’s dedication to strengthening PUMP’s tokenomics through steady investment.

That’s vital, especially since the platform lost its key investors after massive exits.

Last week’s over $10 million buyback reinforces investor confidence in the team’s long-term vision while injecting new demand into the altcoin.

Pump.fun buybacks top $58 million

The meme generator launched its buyback program in mid-July with plans to reinvest all platform revenue into native PUMP.

Pump.fun has accumulated tokens worth over $58 million since introducing the initiative.

The team said:

To date, Pump.fun has purchased a total of $58,134,191 million PUMP tokens, offsetting 4.261% of the circulating supply.

That’s a substantial milestone that places the project among the top networks known for direct asset purchases.

Meanwhile, the impact of the Pump.fun’s buyback is notable.

The project has trimmed the PUMP circulating supply by 4.261%.

Sustained supply reduction could have bullish effects as it translates to scarcity and increased demand.

What does it mean for holders?

Buybacks often indicate confidence and trust from the project’s team.

For Pump.fun, the strategy has two key impacts.

Firstly, weekly purchases will bolster demand for the native coin.

Also, removing a massive supply will trim supply, which could ensure price stability and growth in the coming times.

Such mechanisms attract experienced investors since they position the alt as an asset with stable demand, not hype.

Sentiment and market response

Cryptocurrency enthusiasts are always quick to discover massive buybacks, and it was the same for Pump.fun.

While the latest $58 million milestone confirms the launchpad’s strength, the comment sector appeared dissatisfied.

Most people focused on the upcoming airdrop, which the PUMP team confirmed will not happen soon.

Also, skeptics caution that the platform might not sustain such buybacks as they rely on consistent revenue generation.

Pump.fun should ensure continued growth for steady fund flows for the repurchase strategy.

Meanwhile, one X user remained optimistic, stating:

Consistent offsets like this tighten supply and make every new demand spike more impactful.

PUMP price outlook

The native token has failed to recover from its initial sell-off.

PUMP changes hands at $0.01557 after losing 28% and 40% in the past month and week.

Technical indicators demonstrate PUMP’s near-term weakness, exacerbated by the ongoing broader market bloodbath.

The meme cryptocurrency hovers well below the 50 and 100-EMAs on the 3H timeframe.

Also, the MACD signals dominant selling pressure with a bold crossover and red histograms.

The RSI at 10 confirmed faded momentum, but the oversold signals hint at possible reversals.

The team should elevate the project’s appeal among investors and traders to enhance sentiment.

While buybacks are bullish, steady demand from the community is essential for a full impact.

The post PUMP circulating supply shrinks as Pump.fun’s total buybacks surpass $58M appeared first on CoinJournal.

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Aave’s new Horizon allows institutions to borrow stablecoins using real-world assets

  • The platform facilitates stablecoin loans backed by institutional funds and tokenized Treasurys.
  • Horizon bridges TradFi and DeFi with 24/7 institutional-level borrowing.
  • AAVE gained 12% the previous week.

Aave Labs has launched an advanced platform that enables institutions to borrow stablecoins using real-world assets (RWAs) like collateralized loan debts and US Treasury.

The Horizon borrowing tool marks a key step toward integrating decentralized finance (DeFi) and traditional finance (TradFi).

Meanwhile, it reflects Aave’s thriving lending market with institutional-grade products that combine DeFi’s efficiency and transparency with the compliance that top financial players seek.

Commenting on the development, Aave founder Stani Kulechov said:

Horizon is built for the growth of tokenized real-world collateral, enabling lending and borrowing at an institutional scale. Horizon delivers the infrastructure and deep liquidity that institutions require to operate on-chain, unlocking 24/7 access, transparency, and more efficient markets.

Businesses and large-scale investors can use Horizon to borrow stablecoins like Ripple’s RLUSD, Aave’s GHO, and USDC using real-world assets like real estate and tokenized US Treasurys as collateral.

How Horizon works

The new platform leverages Aave V3’s permissioned version.

Aave Labs launched the upgraded Aave version three network to serve as its leading lending protocol.

Meanwhile, Horizon enables institutions to interact with the blockchain industry without regulatory obstacles.

All borrowers need to do is deposit tokenized securities, including funds, as collateral and borrow USDC, GHO, and RLUSD.

Notably, stablecoin issuers will handle compliance, determining qualified participants and which assets they can interact with.

Furthermore, Horizon ensures a permissionless stablecoin market, allowing the DeFi landscape to remain composable and connected 24/7.

The timing matters

Horizon’s launch comes as tokenized RWA gains traction as the next phase of blockchain innovation.

Leading businesses, government bonds, and private equity are navigating tokenization to make illiquid assets tradable and more accessible.

Aave will gain increased utility and liquidity as individuals use traditional assets to secure stablecoin loans.

Furthermore, they can free up funds without offloading their long-term holdings, while enjoying blockchain’s 24/7 settlement perks.

Also, Aave DAO can generate additional revenue through Horizon’s undertakings.

Such moves cement Aave’s position as a top player in DeFi lending.

Stablecoins have seen increased traction since the US regulated the sector, and Aave looks ready to pioneer the closely-watched financial revolution.

AAVE price outlook

The alt trades at $327 after gaining more than 12% within the past week.

AAVE has dipped from the August 23 peak of $376 amidst the broader market decline.

Its short-term structure reflects bear dominance, with a 1% price decline in the past 24 hours.

AAVE’s 24-hour trading volume is down 25%.

That reflects faded trader enthusiasm in the digital token.

The 3H MACD highlights dwindling momentum with red histograms.

Also, the Relative Strength Index signals seller control.

Broad market downturn contributes to AAVE’s short-term bearishness.

Crypto analyst and trader Alex Clay highlights a monthly pattern that can propel the altcoin to $1,000 if confirmed.

That would mean an approximately 200% gain from AAVE’s current market price.

However, continued ecosystem development and broader market bull run remain essential for such a rally.

The post Aave’s new Horizon allows institutions to borrow stablecoins using real-world assets appeared first on CoinJournal.

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Mantle price outlook: recovery ahead or more bearish pressure for MNT?

  • Exchange listings on Coinbase and Bybit temporarily lifted the price of Mantle (MNT).
  • MNT’s price has bounced from a key support at $1.23 amid neutral technical signals.
  • Strong TVL and stablecoin growth support Mantle’s long-term outlook.

The price of Mantle (MNT) cryptocurrency has been on a sharp decline for the past week, dropping by over 19%.

However, the token has seen some relief today, rising by over 3% following some major exchange listings.

But the question on the trader’s mind is whether this marks the end of the bearish correction or is it just another break on the bearish pullback.

Exchange listings halt weekly drop

MNT’s recent price uptick comes in the wake of strategic exchange integrations, particularly on Coinbase International and Bybit.

The launch of perpetual futures on Coinbase, combined with Bybit’s EU Launchpool offering, has injected fresh momentum into the market.

Bybit alone accounts for roughly 37% of MNT’s daily trading volume, with VIP perks and a 250,000 USDT prize pool encouraging retail participation.

These listings have temporarily stemmed the weekly decline, demonstrating the power of exchange-driven liquidity in supporting token demand.

Despite this short-term relief, some traders have already taken profits following the new listings, contributing to a continued week-over-week dip of nearly 15%, as noted in recent social media commentary.

However, while exchange promotions can create sudden buying surges, the sustainability of this recovery remains uncertain, especially as open interest on Coinbase futures has declined post-launch.

Mantle (MNT) price analysis

Technically, Mantle has bounced from the 61.8% Fibonacci retracement around $1.14 after a 19% weekly decline.

Mantle price analysis

Technical indicators, including an RSI of 55.48 and a slightly bearish MACD histogram, suggest neutral momentum with room for short-term volatility.

The immediate resistance lies near $1.40, close to MNT’s April 2024 all-time high, and a failure to break above this level could maintain the bearish pressure.

Looking at the broader Mantle ecosystem, the Total Value Locked (TVL) has surged to $460.04 million, fueled by its liquid staking solution mETH, which has become the fourth-largest liquid staking token with $1.69 billion in TVL.

Stablecoin adoption within the Mantle network has also grown significantly, hitting a record $713.8 million, highlighting strong capital inflows and growing DeFi activity.

These technicals and fundamentals point to underlying support for the token, even amid short-term corrections.

MNT price outlook moving forward

Looking ahead, the outlook for Mantle (MNT) balances cautiously between optimism and caution.

On the bullish side, the network’s institutional products, such as the MI4 fund with over $218 million in assets, demonstrate growing confidence from professional investors.

Further adoption is anticipated through Bybit’s continued integration, the beta launch of the UR banking app, and Mantle’s transition toward zero-knowledge rollups aimed at enhancing scalability and security.

However, short-term traders should be wary of profit-taking dynamics and potential dips below the $1.23 support level, which could trigger further declines to the 38.2% Fibonacci retracement near $1.12.

The post Mantle price outlook: recovery ahead or more bearish pressure for MNT? appeared first on CoinJournal.

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JUP price rallies as Jupiter Lend public beta launches with $2M rewards

  • Jupiter releases Lend in public beta with $2M in incentives and over 40 vaults.
  • The addition introduces higher borrowing limits and simplified earnings with reduced liquidity risks.
  • Native JUP has turned bullish following the announcement.

While most cryptocurrencies traded with unclear trajectories on Wednesday, Jupiter Exchange’s native token led the upside with a 6.99% uptick on its daily chart.

The altcoin turned green after the DeFi ecosystem confirmed the Jupiter Lend public beta launch.

Termed as “the most advanced money market on Solana,” the new functionality comes after weeks of development with Ethereum-based developer 0xFluid.

The beta launched with more than 40 vaults and over $2 million in incentives.

After weeks of testing, audits, and feedback, we’re launching with 40+ vaults and $2M+ in incentives from Jup, Fluid, and partners.

Jupiter Lend aims to transform how users borrow, lend, and maximize returns in the cryptocurrency world.

Simplified participation will likely enrich Jupiter’s DeFi landscape.

The exchange’s native token extended its daily recoveries after the announcement.

It has gained 6.99% on its 24-hour timeframe to press time’s $0.4980.

Built with proven expertise

The partnership has marked the first time two renowned DeFi teams from diverse ecosystems have converged to launch a blockchain protocol.

While Jupiter brought its Solana-native know-how, 0xFluid leverages its 7-year experience in building Ethereum-based money markets to provide an advanced liquidation and lending infrastructure.

Besides user benefits, the launch has attracted attention as it marked the first time two teams from different ecosystems have teamed up to launch a protocol that promises fairness for borrowers and simplicity for lenders.

Jupiter’s team highlighted:

For the first time, two top-tier DeFi teams from two different ecosystems are joining forces. Lend was built together with 0xFluid – a team that has spent 7 years perfecting money markets on Ethereum. We’ve worked together for months to build a Solana protocol that is simpler for lenders and better for borrowers.

Meanwhile, the platform opened Jupiter Lend to the public after months of collaborative development.

Multiple users participated in stress testing, whereas Offside Labs and Zeninth256 performed audits.

JUP’s new utility as a collateral asset

The new feature has enriched JUP’s use cases. The platform confirmed that users can deposit the native token as collateral.

That means individuals can borrow stablecoins like USDC against their JUP holdings while bolstering the ecosystem’s growth.

Such a move reflects the exchange’s emphasis on boosting the community token’s utility as the central asset for the blockchain.

JUP price outlook

The native coin soared nearly 7% over the past 24 hours to $0.4980.

JUP remains poised to extend its rally in the short term as upside sentiments surface.

Buyers are targeting price levels above $0.54.

However, improved trading volumes remain paramount to support sustained rallies.

Also, decisive momentum shifts in the broader market are crucial for JUP’s trajectory in the upcoming sessions.

The post JUP price rallies as Jupiter Lend public beta launches with $2M rewards appeared first on CoinJournal.

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FLOKI doubles Valhalla tournament prize pool to $150K ahead of September launch

  • The meme project has doubled its prize pool for the contest to $150,000.
  • 64 winners will share the rewards, with the top walking away with $50,000.
  • The tournament will start next month, with full details expected next week.

Digital currencies flashed recovery signals today as Bitcoin rebounded from the $109K vicinity to intraday peaks above $112,300.

Amidst the volatility, the Floki team revealed a crucial announcement about its upcoming Valhalla play-to-earn tournament.

The meme project has doubled the prize pool to $150,000 for the contest, scheduled to begin in September.

It is the first competitive event within FLOKI’s Valhalla metaverse ecosystem.

According to the latest announcement:

The prize pool has been doubled to $150,000! A total of 64 winners will share this massive prize pool.

The massive prize pool will likely enhance community participation.

The platform will reward 64 participants, promising payouts even for mid-tier performers.

A metaverse tournament with massive rewards

FLOKI’s Valhalla contest promises meaningful prizes for participants.

While these events mostly reward a few top players, the dog-themed crypto project has adopted a tier payout framework.

64 winners will enjoy prizes as follows:

  • 1st position – $50,000
  • 2nd position – $20,000
  • 3rd to 4th position – $10,000 each
  • 5th to 8th position – $4,000 each
  • 9th to 16th position – $2,000 each
  • 17th to 32nd position – $1,000 each
  • 33rd – 64th position – $400 each

FLOKI has opted for an inclusive payout structure to make the tournament competitive, offering rewards even for those who will not reach the final round.

Such an approach will likely lengthen participation.

Bolstering the Valhalla momentum

The latest announcement is part of FLOKI’s effort to shed its meme image with increased utility, focusing on gaming ecosystems.

It released the immersive metaverse game Valhalla on June 30, 2025.

Meanwhile, the September Valhalla Tournament will be Floki’s first test of the game’s play-to-earn approach.

The doubled prize pool reflects its desire to gain attention from the broader crypto gaming community.

Experts believe this approach will give Floki a competitive edge as markets shift from hype-driven projects to real-world utility.

Indeed, most P2E platforms struggle to survive after initial launches.

Thus, Floki is backing its first contest with such a massive prize pool.

The potential winnings would likely attract guilds, competitive gamers, and streamers to strengthen the Floki user base.

Potential impact on FLOKI

If the content delivers massive engagement, it might fuel Valhalla’s adoption and FLOKI’s growth.

With $150K in prizes at stake, the September tournament could be a defining moment for the meme token.

FLOKI displayed optimism amidst the Valhalla news. It hovers at $0.00009701, up 3% on its daily chart.

However, the declining trading volumes reflect the prevailing broad market downturn.

The alt will likely erase its daily gains, unless buyers step in to sustain the upside.

Enthusiasts will watch how FLOKI performs in the coming sessions, especially during the September Valhalla tournament.

Crypto trader and analyst Top Gainer Today expects the alt to 10x in the coming few months.

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