Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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OriginTrail (TRAC) jumps over 75% on Upbit listing: here’s how high it could go

  • Upbit listing sparked TRAC’s sharp liquidity-driven rally.
  • OriginTrail (TRAC) broke above major EMAs with strong bullish momentum.
  • The key support at $0.351 may decide the next price direction.

OriginTrail (TRAC) posted one of the strongest performances in the crypto market on May 18, sending the token sharply higher even as broader digital assets faced downward pressure.

TRAC surged by more than 75% within 24 hours, climbing to approximately $0.5986 after trading as low as $0.3228 during the same session.

The price surge pushed the token to its highest level in months and marked one of its most aggressive single-day rallies since previous bull market cycles.

Trading volume rose just as sharply, with 24-hour turnover exceeding $36 million as investors rushed to position ahead of the listing.

The sudden spike came after Upbit officially confirmed support for OriginTrail across three major trading pairs — KRW, BTC, and USDT — with trading scheduled to begin on May 18 at 16:00 KST.

Upbit listing triggers major breakout

The announcement from Upbit Korea immediately changed TRAC’s liquidity profile.

South Korea remains one of the world’s most active crypto trading markets, and listings on top-tier exchanges such as Upbit often provide tokens with broader retail exposure, stronger fiat access, and deeper market participation.

This new accessibility appears to be the primary force behind TRAC’s explosive price movement.

Before the news, TRAC had been trading well below $0.32.

But after the news, the token broke out and is now positioned significantly above all major daily exponential moving averages, including the 10-day, 20-day, 50-day, 100-day, and 200-day EMAs.

This technical alignment signals a bullish trend across both short-term and long-term timeframes.

Technical structure points to elevated volatility

Although TRAC’s price action remains bullish, volatility remains exceptionally high.

The token’s 24-hour range stretched from $0.3228 to $0.6028, reflecting intense speculative participation.

Such large price expansions often create both breakout opportunities and rapid correction risks.

If buying pressure remains strong following the Upbit trading, the token could rise higher, while overbought conditions could trigger a classic sell-the-news scenario, where early buyers lock in gains and price retreats sharply.

OriginTrail (TRAC) price forecast

TRAC’s immediate outlook depends heavily on post-listing volume and whether new liquidity translates into sustained demand.

As long as the price remains above $0.351, analysts project that the bullish momentum may remain intact, with breakout continuation possible if bulls defend support.

A stronger upside scenario would, however, require TRAC to hold current gains and establish support above the $0.60 psychological region, which could open the path toward higher technical extensions.

But if TRAC loses $0.351 support, downside risks increase significantly, with the $0.337 region acting as the next important support level to watch.

The post OriginTrail (TRAC) jumps over 75% on Upbit listing: here’s how high it could go appeared first on CoinJournal.

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XDC Network price outlook: Can bulls go higher as $0.037 breaks?

  • XDC climbed over 10% to surpass $0.037 on May 15, reaching its highest level since early March.
  • Catalysts include potential DTCC integration and Bitcoin rally.
  • The technical picture highlights resistance at $0.040.

XDC Network price climbed double digits to above $0.037 on May 15, with the uptick pushing the token’s value to its highest level since early March.

XDC now hovers near the key resistance line formed since late January 2026, but can it go higher?

XDC edges higher as market sentiment improves

As noted, XDC rallied sharply on May 15, rising more than 10% intraday as buyers re-entered the market.

The move lifted the token to levels not seen since early March, placing it directly beneath a horizontal supply zone near $0.040.

Trading volumes rose alongside the advance, signalling conviction among participants who are testing whether the late-January resistance can be turned into support.

But why did the XDC Network price surge in the past 24 hours?

The XDC rally coincides with broader strength in the crypto market, led by Bitcoin’s reclaiming of the $80,000 mark.

That recovery prompted many altcoins to retrace losses they incurred during a macro-driven sell-off this week, creating a risk-on backdrop that supported XDC.

Beyond market-wide tailwinds, several project-specific catalysts likely have recently helped to amplify demand.

This includes the potential adoption as a key digital asset of the Depository Trust & Clearing Corporation.

DTCC, debuting trading in July ahead of full-scale launch in October 2026, has ignited interest in XDC alongside XRP, Chainlink, Quant, and Hedera (HBAR).

While XRP gains momentum as the top token for institutional post-trade settlement, XDC looks to stand out as the primary rail for tokenized bills of lading and letters of credit. XDC’s Contour acquisition, completed in 2025, cements this outlook.

XDC Network price forecast

The latest gains have pushed XDC price further from a descending wedge pattern that had compressed price action since late January.

Bulls are now confronting a horizontal supply zone around $0.040, which also aligns with the 200-day exponential moving average (EMA).

XDC Network Price Chart
XDC Network price chart by TradingView

A decisive break and daily close above this level would likely confirm bullish momentum and could open up fresh bids around the $0.046-$0.052 supply zone.

The area marks the range that corresponds to prior congestion and could be the next resistance cluster.

However, bulls must first hold the recently breached $0.037 level. Failure to do so would raise the probability of a pullback to the 100-day EMA near $0.033.

On heavier selling, February’s lows near $0.029 become a plausible target for short-term sellers seeking to reassert control.

The post XDC Network price outlook: Can bulls go higher as $0.037 breaks? appeared first on CoinJournal.

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RaveDAO token crashes below $1 after ZachXBT exposes price manipulation

  • RaveDAO token plunged 95% from $26 to under $1.
  • RAVE launched in December 2025 on Binance Alpha.
  • ZachXBT’s on-chain analysis also highlights MemeCore, River and MYX among questionable projects.

RaveDAO (RAVE) has plunged below $1, erasing more than 95% of its earlier rally to an all-time high of $26.

The sharp decline follows an investigation by blockchain analyst ZachXBT, which alleged clear signs of price manipulation.

The findings have raised broader concerns about potential insider-driven schemes affecting multiple tokens listed on centralised exchanges, contributing to selling pressure across the segment.

RaveDAO token dumps amid ZachXBT’s explosive allegations

ZachXBT, a pseudonymous investigator celebrated for dismantling multimillion-dollar crypto frauds, took to X on April 18, 2026, to dissect RAVE’s suspicious trajectory.

He pinpointed concentrated wallet activity controlling the token’s liquidity, engineering artificial pumps to trap retail buyers before orchestrated dumps.

“RAVE launched in Dec 2025 on Binance Alpha with a 1B total supply. The addresses below, linked to the initial distribution, control ~95% of the RAVE supply,” the on-chain sleuth posted.

Labelling it a textbook “pump-and-dump,” ZachXBT offered a $25,000 bounty for transaction proofs, urging platforms like Binance, Bitget, and Gate.io to launch probes.

He notes that the exchanges acknowledged his call, a move that could mirror past successes in securing refunds and bans.

Yet ZachXBT questioned why CEXs have waited for his call to acknowledge potential manipulation.

“While it’s good the exchanges responded, I find it unlikely this activity wasn’t spotted internally before I raised it publicly.”

RAVE’s price carnage unfolded mercilessly, plummeting from $26 to under $1 within 24 hours, with trading volume surging amid mass liquidations.

Billions of dollars in market cap vaporised, leaving holders stunned. The declines saw the token’s value drop to lows of $0.50, where it hovered as of writing on April 20, 2026.

ZachXBT also hits other tokens

The potential price manipulation extends to similar tokens.

“RAVE is not the only token with manipulation we have seen on major centralized exchanges,” he posted.

“It’s just the most blatant, reaching a top 15 market cap within 10 days before dropping 95% in hours. Other projects with highly questionable price action recently include: SIREN, MYX, COAI, M, PIPPIN, RIVER.”

According to ZachXBT, all projects have exhibited “highly questionable price action” and supply dominance by the team.

MemeCore, RIVER and PIPPIN prices echoed the Rave token bleed, dumping double digits to erase recent gains.

Some retail traders commented on ZachXBT’s post, noting this could be an opportunity to short. His response:

Data on CoinMarketCap showed M, River and Siren were down 7-9% in the past 24 hours as of writing.

The post RaveDAO token crashes below $1 after ZachXBT exposes price manipulation appeared first on CoinJournal.

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DOJ opens a formal compensation claims portal for OneCoin victims

  • The US DOJ opens claims process for OneCoin victims.
  • Over $40 million in seized funds are available for distribution.
  • Deadline for filing claims set for June 30, 2026.

The US Department of Justice has launched a formal compensation claims portal for victims of the OneCoin scheme, marking a new phase in one of the largest crypto-related fraud cases ever uncovered.

The move comes years after the collapse of OneCoin, a project that attracted millions of investors worldwide with promises of high returns from a digital currency that was later exposed as fraudulent.

Many people from different countries were left with significant financial losses after the scheme unravelled, leading to extensive criminal investigations and asset seizures across multiple jurisdictions.

Now, with a dedicated compensation process in place, the focus has shifted toward distributing recovered funds back to those who were harmed.

The scale of the OneCoin fraud and how it unfolded

OneCoin operated between 2014 and 2019, presenting itself as a revolutionary cryptocurrency investment opportunity.

It was heavily promoted through aggressive marketing campaigns and a wide network of recruiters who encouraged individuals to buy into what was described as a fast-growing digital asset.

However, authorities later determined that OneCoin did not function like a real cryptocurrency. Instead of operating on a transparent blockchain network, it relied on centralised systems controlled by the people behind the project.

Despite this, it continued to attract investors globally, but it ultimately crashed in 2019, leading to losses believed to reach into the billions of dollars.

Estimates of total losses vary, but the figure is commonly placed at around $4 billion, with some assessments suggesting even higher exposure when accounting for global investor participation.

The scale of the fraud made it one of the most significant financial fraud investigations tied to the digital asset space.

Over time, law enforcement agencies were able to trace and seize assets linked to individuals involved in the scheme, and these recovered funds form the basis of the compensation program announced by the US Department of Justice.

How the compensation claims process will work

The newly launched claims portal is designed to allow victims of OneCoin to formally submit requests for compensation.

The process is structured as a remission program, which means that money recovered from seized assets will be redistributed to eligible victims based on verified losses.

To qualify, individuals must show that they invested in OneCoin during the operational period between 2014 and 2019. They must also demonstrate a net financial loss.

This means that any funds previously withdrawn or recovered will be deducted from the total amount claimed to determine eligibility.

Notably, the total pool of available funds for distribution currently stands at over $40 million.

While this is a significant amount, it represents only a small fraction of the overall losses suffered by investors globally.

As a result, any payouts are expected to be partial and distributed proportionally among approved claimants.

The deadline for submitting claims has been set for June 30, 2026. After this date, no new applications will be accepted, and the distribution process will move forward based on verified submissions.

For many affected investors, the opening of a claims process offers a long-awaited opportunity to recover at least part of their lost funds.

Although the available compensation is limited compared to total losses, it represents a formal acknowledgement of harm and an effort to return seized assets to their rightful owners.

The post DOJ opens a formal compensation claims portal for OneCoin victims appeared first on CoinJournal.

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Here’s why StakeStone price exploded 136% to new ATH

  • StakeStone price jumped from $0.11 to above $0.26, going vertical amid a spike in daily volume.
  • The sharp gain follows a whale accumulating over 25.5 million STO tokens.
  • STO price could see a steep pullback amid profit-taking deals.

StakeStone (STO) price exploded during early trading on April 1, pumping more than 130% to hit a new all‑time high.

The vertical action, which occurred amid a broader consolidation across the crypto market, saw STO’s intraday trading activity surge.

The token is in price discovery, but can the lofty levels hold?

Why StakeStone jumped 136% today

STO token posted a sharp intraday surge on Wednesday, significantly outperforming the broader altcoin market.

While most cryptocurrencies traded near key support levels, STO jumped from around $0.11 to a new all-time high above $0.26.

The move marked a gain of roughly 136% and made it the top performer among the 500 largest cryptocurrencies by market capitalisation.

The rally appears to have been driven by a large transaction linked to a newly created wallet.

Data from Lookonchain shows the wallet withdrew more than 25.5 million STO tokens, valued at over $4.85 million, from Binance.

The holdings represent approximately 11.32% of StakeStone’s circulating supply, suggesting concentrated accumulation that may have contributed to the sharp price movement.

 

The transfer acted as an immediate and powerful demand shock, with the size of the order absorbing available sell liquidity near the market price.

It forced quotes higher as market makers and sellers adjusted to the sudden imbalance between bids and offers.

With limited resting supply at higher levels, the price moved rapidly upward as each successive fill occurred at incrementally higher prices.

Data from CoinMarketCap shows a 560% increase in intraday volume, with over $190 million traded in the past 24 hours.

StakeStone’s market cap was also sharply up, as STO printed a new all-time high.

Prices hovered around $0.25 at the time of writing, up more than 390% since the all-time low of $0.049 on February 6, 2026.

STO price outlook — is a sharp decline next?

From a technical perspective, STO’s chart now reflects a near‑vertical candle following the 136% single‑day move.

Price currently hovers well above recent consolidation zones and historical trading ranges.

Such abrupt expansions in price and volume often leave the token looking temporarily extended.

In the market, this type of structure frequently precedes volatile retracements as the market digests the move and short‑term participants reassess risk and reward.

StakeStone Price Chart
STO price chart by TradingView

Given the magnitude and speed of the rally, a period of profit‑taking and a potential steep pullback cannot be ruled out.

A rapid unwind of intraday positions could see STO test lower levels, with $0.19 key.

If selling intensifies, the next major support zone could be $0.15-$0.11.

However, the reduced circulating supply could help support prices and allow for an extended, though volatile, ride to new highs.

The post Here’s why StakeStone price exploded 136% to new ATH appeared first on CoinJournal.