Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Celestia price outlook: Here’s why TIA risks further losses

  • Celestia (TIA) trades at $1.81, down 13% in the past week.
  • The altcoin is paring gains seen following a bounce from lows of $1.32.
  • Celestia Foundation has announced it bought all remaining TIA from Polychain Capital.

Celestia’s price of $1.81 today  is down double digits in the past week. While it has bounced 38% since hitting its all-time lows of $1.32 in June, it is 70% down in the past year and -91% from its all-time high above $20.9 reached in February 2024.

As the cryptocurrency market navigates its latest pullback, is TIA at risk of fresh losses? Or could Celestia Foundation’s latest move catalyze a fresh recovery?

Celestia Foundation buys back TIA from Polychain Capital

As TIA price fell over the past year, most analysts pointed the finger towards the aggressive dumping by Polychain Capital.

Celestia moved from being one of the most attractive coins at its mainnet launch, to lagging the market. Underperformance in the past year has pushed it further off its peak.

An analyst on X called it one of the “most predatory VC tokens out there.”

The Celestia Foundation has moved to flip the picture, announcing it acquired Polychain Capital’s remaining TIA holdings. It is a move that concludes a long-standing partnership with the VC that acquired coins under or at $1.

Now after dumping tokens, Polychain has agreed to sell its 43,451,616.09 TIA tokens back to the Celestia Foundation for $62.5 million. Polychain is set to undelegate its staked assets to facilitate the deal.

Why is TIA largely bearish?

Despite the Celestia Foundation’s move, TIA’s price trajectory remains largely bearish.

Token unlocks, which will gradually release the redistributed tokens into circulation, remains. This controlled release has the design of a strategy eyeing no sudden supply surge. New investors receiving the coins must therefore not adopt a sell-off strategy similar to Polychain Capital’s earlier actions.

Otherwise, with a potentially aggressive divestment feature and rewards loophole, bears may yet take further hold.

Recently, commenting on TIA price, crypto analyst zeroknowledge posted on X:

“The structural selling pressure is not a side effect, it’s literally the primary feature of the tokenomics design.”

Explaining further, the analyst added:

“The most damning example is Polychain Capital, which invested approximately $20 million across Series A and B rounds. Through the staking rewards loophole (see screenshot below), Polychain already sold over $82 million worth of TIA (achieving a 4x return on investment) before a single one of their primary tokens has unlocked.”

Is this changing? Market participants have pointed to Celestia restructuring its tokenomics and governance model.

As Chaos Labs notes in the above post, Celestia will not just reallocate the Polychain stash, but has a proposal to cut inflation rate. But will this stem the selling?

Celestia price technical outlook

The token traded around $1.81 at the time of writing, with open interest down to $197 million.

Technical indicators -the RSI and MACD on the daily chart give sellers the upper hand. Notably, the RSI is downsloping below 50 while the MACD is signaling a bearish crossover.

The post Celestia price outlook: Here’s why TIA risks further losses appeared first on CoinJournal.

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PUMP holders sell at a loss as Pump.fun founder confirms airdrop won’t happen soon

  • Two wallets dumped 1.25B PUMP coins within 2 hours, incurring $1.19M loss.
  • The move came after Pump.fun founder confirmed delays in the much-awaited airdrop.
  • The alt exhibits bearishness amidst community restlessness, down 4% in the past day.

Pump.fun’s meme token has failed to keep pace due to massive dumps from key investors.

PUMP has plummeted from its private sale price of $0.004 to $0.002202 amid overwhelming selling pressure since the July 12 public sale event.

The meme token’s sell-off continued today.

Lookonchain data shows two whale wallets, linked to early investors, dumped 1.25 billion PUMP coins within two hours.

The combined sale was worth approximately $3.81 billion and led to losses of over $1.19 million.

The participants offloaded at $0.00305 per token.

The continued sell-offs have stirred concerns among PUMP holders.

While enormous token sales from early investors are usual in the digital assets space, the timing and scale of Pump.fun’s sale, combined with disappointing updates about the much-awaited airdrop, magnified the bearish momentum.

Pump.fun founder confirms no immediate airdrop

While analysts speculated that delayed airdrop prompted the considerable token dumps, Pump.fun’s founder has cemented this fact.

The meme generator’s founder, Alon Cohen, addressed the airdrop concerns during an interview with Michael ThreadGuy Jerome on Wednesday.

Alon confirmed that the project will hold an airdrop.

However, he emphasized that the giveaway event will have to wait, as the current priority remains ecosystem development and long-term growth.

Alon clarified that Pump.fun targets a well-executed and meaningful giveaway that rewards the community instead of rushing to meet hype-fueled deadlines.

He said:

We want to make sure that it is a meaningful airdrop and it is executed well. We’re actually focusing on bringing back a lot of that attention and hype to our ecosystem. That being said, the airdrop is not going to be taking place in the immediate future.

Alon added that they will communicate any details and timelines when it’s appropriate.

While the explanation may have made sense to some, others view it as a delay that signals internal uncertainty or fading momentum.

Private investors exit Pump.fun

Despite official confirmation, on-chain experts have identified addresses dumping PUMP as those that purchased during the early public sale period.

The most alarming thing is the participants are opting to exit at a loss.

That could only indicate two things: a lack of trust in PUMP’s short-term performance or strategic exits before a liquidity crunch.

PUMP price action

Pump.fun’s native token has lost nearly 4% in the past 24 hours to trade at $0.02202.

Technical indicators demonstrate downward pressure.

PUMP trades below the vital 50- and 100-Exponential Moving Averages on the 1D chart, confirming dominant sellers.

the 1D RSI at 55 suggests room for more PUMP dips before oversold situations emerge.

Also, 3HMACD displays a weakening momentum, failing to decisively surpass the signal line since the July 18 bearish crossover.

With technicals and fundamentals screaming bearish, Pump.fun’s native token remains poised for extended declines before securing a reliable footing.

The post PUMP holders sell at a loss as Pump.fun founder confirms airdrop won’t happen soon appeared first on CoinJournal.

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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.

The post Flare price pumps 25% amid explosive DeFi growth: is a new ATH next? appeared first on CoinJournal.

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ONDO price rallies on 21Shares’ ETF filing and major exchange listing

  • The altcoin has rallied following 21Shares’ ETF filing with the SEC.
  • The application indicates increasing institutional interest in RWA tokens.
  • Binance US has listed ONDO, fueling its upside momentum.

Ondo Finance’s native coin signals imminent breakouts despite the broad market cool down, fueled by two key developments.

First and foremost, asset manager 21Shares has filed with the US SEC to launch an ONDO exchange-traded fund (ETF).

Secondly, Binance US confirmed listing the altcoin, with trading starting today, July 23.

ONDO soared from the daily low of $1.0583 to $1.1642, a 10% increase, as the bullish news sparked bullish momentum.

ONDO is at the center of Ondo Finance’s goal of bringing traditional assets on-chain.

With interest in real-world asset (RWA) platforms skyrocketing, 21Shares and Binance US’ moves could not be better as retail and institutional investors seek Ondo exposure.

The crypto has witnessed a surge in institutional appetite, with giants like BlackRock showing interest.

MasterCard tapped Ondo Finance as its first RWA provider, while Ripple leveraged the blockchain to launch OUSG on its XRPL.

21Shares files to launch ONDO ETF

21Shares increases Ondo’s institutional appeal with the latest ETF application.

The move confirms that traditional finance (TradiFi) is targeting the tokenization sector seriously.

Moreover, seeking SEC authorization underscores the asset manager’s commitment to compliance and innovation in the tokenized sector of RWAs and DeFi.

This is more than another cryptocurrency product.

Ondo Finance remains at the core of the current trend of bringing real-world assets like US Treasuries, credit instruments, and bonds on-chain.

Last week, Ondo Finance collaborated with BNB Chain to introduce tokenized equities in the United States.

21Shares’ proposed exchange-traded fund would offer cryptocurrency enthusiasts exposure to ONDO via licensed platforms, without brokerage sites.

Binance US lists ONDO

A leading crypto exchange in the United States, Binance US, confirmed listing Ondo Finance’s token on its trading platform.

It opened deposits on the Ethereum (ETH) blockchain yesterday, with ONDO/USDT trading set to start today.

The official announcement read:

We’re excited to announce that ONDO is now listed on Binance.US! Deposits for ONDO on the Ethereum network are now open. Trading for ONDO/USDT will begin tomorrow, July 23, 2025, at 4 a.m. / 7 a.m. EDT.

The listing is vital as it makes the ONDO token accessible to the massive American retail audience.

Moreover, listing on leading exchanges often acts as a Launchpad for many tokens.

More US citizens can now trade ONDO without depending on overseas platforms or decentralized exchanges.

ONDO price outlook

Ondo Finance’s native coin attracted attention amidst the optimistic developments.

It trades at $1.11 after a brief correction from daily highs.

Meanwhile, the surging 24-hour trading volume highlights renewed interest in the RWA token, hinting at continued uptrend.

Technical indicators support the short-term momentum shift.

For example, the MACD on the 3H chart displays green histograms after a bullish crossover, signaling a buyer comeback.

Also, the Chaikin Money Flow shows increased ONDO accumulation over the past week.

Such trends indicate trust in the token’s near-term performance.

Ondo Finance bull target the late January price levels above $1.60.

Overcoming this level could catalyze smooth gains to the psychological level at $2.

The post ONDO price rallies on 21Shares’ ETF filing and major exchange listing appeared first on CoinJournal.

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Altcoins today: Solana and Monero at key price levels amid market cooldown

  • SOL reclaims $200 for the first time since February today.
  • XMR targets further gains after rebounding from a vital support barrier at $313.
  • Crypto market cools after recent rallies, but bullish structures remain intact.

Digital coins displayed mixed performances on Tuesday amid bull exhaustion and profit-taking after the latest remarkable rallies.

Ethereum has corrected from yesterday’s peak of $3,854 to $3,640 at press time, while Bitcoin remained range-bound at $118,000.

However, Solana and Monero stole the spotlight among large-cap tokens with notable price movements on their charts.

SOL hit multi-month highs today after soaring past the vital $200, whereas XMR exhibits a bullish outlook after bouncing back from a reliable support zone at $313.

Solana leads today’s rally

SOL emerged as the best-performing token among the top ten cryptocurrencies by value.

The alt has rallied from last week’s low of $158 to an intraday high of $204 today, exploring regions not touched since early February 2025.

With network maturity and demand fueling SOL’s comeback, the digital asset seems set for extended rallies in the near term.

Its total value locked has increased to February levels above $11 billion, while institutions add momentum through Solana strategic reserves and ETF applications.

SOL eyes more uptrends following the latest breakout, with technical indicators setting $300 as the key target.

That would translate to about a 50% surge from its current market price.

Nevertheless, the $190 – $200 range remains vital for SOL’s short-term trajectory.

Intensified profit-booking in this region could delay the projected short-term rally.

Enthusiasts should watch for potential dips to $189 before a decisive closing above $200.

However, prevailing sentiments suggest fewer obstacles in Solana’s upward path.

Monero holds a key support zone

The top privacy token seems prepared for the next leg up despite its weakening momentum.

XMR’s current price of $325 places it well above the crucial support of $313.

This foothold is reinforced by multiple technical indicators, including POC (point of control) and 0.618 FIB retracement.

That makes $313 a vital reversal region. Monero’s bullish structure remains intact if buyers hold this zone.

That could clear the path to the target at $344.

Overcoming this resistance could trigger significant surges if broad market conditions remain favourable.

Crypto market overview

The cryptocurrency space has taken a breather after the latest surges.

The largest assets, Bitcoin and Ethereum, have seen slight dips in the past 24 hours.

However, the market demonstrates stability, indicating a consolidation phase and not a correction one.

Michael van de Poppe highlighted that Bitcoin has collected liquidity with its recent price actions.

However, it remains in a constricted range, awaiting “the actual volatility” that could catalyse sharp gains.

The analyst also warned about possible violent corrections for altcoins as Ethereum isn’t grabbing much liquidity with its ongoing retracement.

Meanwhile, corrections in cryptocurrencies aren’t uncommon, especially after substantial rallies.

Most assets exhibit bullish patterns, hinting at continued rallies.

Institutional interest in Ethereum remains steady as markets brace for altcoin season.

Thus, market players may brace for substantial breakouts after the prevailing cooldown.

Analysts advise traders and investors to explore dip-buying opportunities if the short-term declines intensify.

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