Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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HYPE rallies 10% as Hyperliquid smashes records with $29B volume and $7.7M fees

  • The DEX’s 24-hour trading volume tops $29B, the highest ever.
  • The $7.7 million in daily fees indicates significant user engagement and improved liquidity.
  • HYPE’s price has soared over 10% in the past day amid optimism.

Cryptocurrencies sought stability on Friday after yesterday’s hotter-than-anticipated PPI triggered a flash crash that dented most bullish setups.

Meanwhile, HYPE is leading the bounce back after soaring more than 10% in the previous 24 hours, fueled by Hyperliquid’s record-breaking trading statistics.

The decentralized exchange processed a whopping $29 billion in trading volumes and collected $7.7 million in fees within a day, hitting all-time highs in both milestones.

These figures confirm heightened activity levels and a lively user base.

For HYPE investors, such sentiments validate the DEX’s momentum and its market appeal.

The altcoin reacted to the milestone with a notable rebound.

Hyperliquid’s record-breaking figures

Trading volume is among the strongest indicators as it highlights the protocol’s health.

Hyperliquid’s $29 billion breakthrough confirms a lively market.

Intensified volumes generally highlight more traders and heightened liquidity, which increases the opportunities for fast execution and competitive pricing.

The $7.7 million in daily fees reinforces this tale.

While high charges can dent trader profitability, they also represent magnified transaction throughput and user participation.

Moreover, they fuel the native token’s economy, and most platforms tie fees into buybacks, rewards, and other user incentive mechanisms.

What’s driving the surge

The timing of Hyperliquid’s boom isn’t an accident.

The DEX has rolled out multiple upgrades to enhance performance, asset listings, and accommodate diverse traders lately.

The trading volumes and fee spikes coincide with a vital institutional development.

Two days ago, Anchorage Digital Bank added custody for Hyperliquid’s HYPE to ensure institutional-level security in HyperEVM.

The custody service allows HYPE holders to (securely) store their assets on HyperEVM.

Also, the current broad market sentiments added to Hyperliquid’s momentum.

The digital assets space remains hot as enthusiasts brace for a possible altseason.

Individuals looking to capitalize on the anticipated rallies drive the DEX’s activity.

HYPE price outlook

The native coin soared 10.78% from an intraday low of $44.62 to $49.62.

HYPE trades at $48.26 after a 15% weekly gain.

Hyperliquid’s trading volume and fee milestone triggered the latest gains.

However, faded trading volumes signal short-lived rallies for HYPE.

Bulls should flip the broader market trajectory to the upside to support the token’s momentum.

Meanwhile, a close above $49.75 might support continued uptrends past the nearest resistance at $52 to $55 all-time highs.

On the other hand, losing the support barrier at $45 could catalyze dips to the demand zone at $42.

Buyers can use this zone as a Launchpad for significant rebounds.

Nonetheless, broad market performance remains crucial in determining HYPE’s trajectory in the near term.

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SIGN price soars 11% as Sign Foundation completes $12M token buyback

  • Sign Foundation has wrapped its first buyback of SIGN coins.
  • It acquired $8M via the open market and $4M through private settlements.
  • SIGN has gained 11% in the past day amidst revived optimism.

Digital currencies performed well on Monday, and positive news flooded the market.

While enthusiasts anticipate an altcoin season, the Sign Foundation confirmed it has completed its first buyback of SIGN coins.

Notably, the program cost the organization $12 million, a move that signals their confidence in its future.

Meanwhile, it completed the buyback in two different transactions.

The Foundation purchased SIGN coins worth $8 million (117 million coins) from the open market.

It acquired the remaining $4 million via negotiated private settlements.

The buyback represents a key step in strengthening SIGN’s fundamentals and bolstering community trust.

The announcement highlighted:

Our mission is to build a resilient, sustainable, and community-aligned token economy. This buyback reflects our deep conviction in the long-term fundamentals of SIGN.

The team provided proof of the transactions through snapshots.

Their Binance holdings were 86,884,219.585986 tokens, worth $5.98 million at $0.068800 market price as of August 1, 2025.

Moreover, the August 2 execution on Bitget involved 30,347,644.59860009 SIGN, valued at $2.05 million at $0.067779 average price.

The organization arranged the remaining $4 million worth of buybacks through private deals, which might have helped limit market disruptions when transacting massive volumes.

How does the Sign Foundation plan to use the tokens?

The Foundation will use the acquired assets for various activities, prioritizing three primary areas.

Firstly, it will leverage the tokens to secure collaboration with established public companies, possibly enriching SIGN’s visibility and real-world utility.

Also, it will utilize the balance to promote listing on exchanges.

Lastly, it will reinforce the SIGN ecosystem through enhanced user engagement.

Such initiatives might strengthen investor trust and boost SIGN’s long-term demand.

Buybacks are bullish signals for cryptocurrency investors.

They demonstrate the team’s dedication and confidence in their projects.

For the Sign Foundation, the repurchase aligns with its vision of building a sustainable, community-driven, resilient token economy.

The Sign team emphasized that they will use the acquired assets to fuel growth initiatives within the ecosystem.

For context, Sign is a blockchain-based infrastructure for verifying credentials and distributing digital tokens.

The Sign Protocol powers on-chain public systems for governments and serves as a primary layer for dApps.

On the other hand, the TokenTable platform facilitates token distributions, including unlocks, airdrops, and vesting.

SIGN price outlook

The altcoin traded in the green amidst the buyback revelations.

It saw an 11% upswing from $0.06904 to $0.07682 intraday.

SIGN trades at $0.7493 after a slight correction from daily highs.

The over 400% surge in 24-hour trading volume suggests adequate momentum for extended gains in the near–term.

However, broad market developments will influence SIGN’s performance.

Continued bull runs would trigger continued surges, whereas sudden selling pressure might erase the latest gains.

Positive sentiments dominate the cryptocurrency landscape as Ethereum’s stability fuels altseason debate.

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Solana price breaks past $200, targets July peak

  • Solana (SOL) jumps above $200, aiming for the July peak of $206.32.
  • Whale sales and unstaking raise short-term supply concerns.
  • $170 support and $206 resistance are key to the next price move.

Amid renewed altcoin market optimism, the native token of Solana, SOL, has surged past the $200 mark, reclaiming a key psychological level.

Over the past 24 hours, SOL has risen by 15.4% to trade near $201.71, with a 24-hour range stretching from $174.20 to $201.58.

Solana now targets July peak

Crucially, breaking $200 is a psychological and technical milestone that can attract buyers. As renowned analyst Jelle notes, “above $200, very little resistance left to bring it back down.”

Technically, a minor support sits at $195.26, while the critical support ranges from $187.71 to $184.67.

A breakdown through $173.43 would signal a medium-term reversal and might target the June–August trendline near $163.37.

However, on short timeframes, the hourly Moving Average Convergence Divergence (MACD) is gaining in the bullish zone, and the Relative Strength Index (RSI) remains above 50, indicating moderate momentum.

With the sharp price surge, all eyes are now on the July high at $206.32 as the next immediate target.

Moreover, if SOL clears $206.32, there are chances that it could extend toward the March 2024 peak at $210.18, testing bullish conviction. Market analysts project that the token will rise to $222.66 or even $230.32, especially if it clears the resistance at $204.

So far, SOL has climbed more than 13% from Monday’s low of $173.43, hinting at a strong bullish momentum.

Whales stir concern

Meanwhile, on-chain data shows large transfers to exchanges, prompting questions about distribution.

Specifically, more than 226,000 SOL moved to exchanges in recent days.

Notably, one whale slashed holdings by 71% in under two days, trimming a $24 million position to roughly $6.8 million.

These sales clustered near an average price of about $177 and coincided with a dip below $185.

SOL unstaking adds pressure

In addition, a wallet linked to Alameda Research unstaked roughly $35 million worth of SOL.

The tokens had been locked since late 2020, when their value was about $350,000 — a roughly 100-fold gain.

Nevertheless, the Net Position metric remains positive and has helped price consolidate above the critical $170 level.

What traders should watch out for

Notably, despite the rebound, Solana has lagged Ethereum in recent stretches.

Indeed, SOL is up roughly 1.07% in August while ETH has gained about 15.75%. Over the quarter, ETH’s roughly 72% return far outpaces SOL’s near 12.8%.

Importantly, large exchange inflows and the Alameda unstaking raise the prospect of coordinated distribution.

If $170 fails to hold, traders should expect increased downside and a deeper correction.

Conversely, a sustained breakout above $206.32 could draw fresh buyers and revive momentum.

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Altcoins soar, Bitcoin stalls as Fed rate cut speculation hits fever pitch

A simmering crypto rally boiled over into a full-blown frenzy during late US trading hours on Tuesday, after Treasury Secretary Scott Bessent dropped a bombshell suggestion that sent shockwaves through the market: the Federal Reserve should consider an aggressive 50 basis point rate cut.

His words acted like rocket fuel for risk assets, unleashing a powerful new leg higher for altcoins while leaving Bitcoin watching from the sidelines.

The market-moving comments came during an interview on Fox News, where Bessent openly questioned the central bank’s next move. 

“The real thing now to think about is should we get a 50 basis-point rate cut in September,” Bessent stated. He went further, criticizing the central bank’s information-gathering process, adding that the Fed could have cut rates as early as June if it had been given accurate data, which he described as a “foundational issue.”

The Bessent fffect: unleashing the bulls

While markets had already almost fully baked in a standard 25 basis point cut for September, the mere mention of a 50-point move from a figure of Bessent’s stature completely reset expectations.

Although the Treasury Secretary is not a member of the Federal Reserve, his words carry immense weight.

President Trump has tasked him with leading the search for a replacement for current Fed Chair Jerome Powell, making his views a potential preview of the central bank’s future policy direction.

The reaction was immediate and fierce. Ether (ETH), already enjoying a positive day, blasted higher, surging nearly 9% over the past 24 hours to trade above $4,600 for the first time since the heady days of November 2021.

An altcoin affair

This was emphatically an altcoin-driven rally. Other major cryptocurrencies joined the surge, with Cardano (ADA), Solana (SOL), and Litecoin (LTC) each rocketing ahead by about 8%. XRP also caught a bid, rising 3.5%.

This flood of capital into digital assets mirrored a rally in equity markets, which climbed more than 1%, while the dollar weakened against all major currencies.

Conspicuously absent from the party were the Bitcoin bulls.

The world’s largest cryptocurrency remained largely unchanged, hovering around the $120,000 mark, suggesting traders were selectively deploying capital into assets perceived to have more immediate upside in a “risk-on” environment.

The stage for this dramatic late-day surge had been set earlier on Tuesday morning. The initial spark for the rally came after new data showed US consumer prices in July rising roughly in line with economist estimates, providing a sigh of relief.

But it was Bessent’s unexpected words that turned that sigh of relief into a roar of speculative excitement.

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CYBER price explodes 80% to YTD high above $4.5: here’s why

  • Cyber price rose 80% in 24 hours to hit $4.5.
  • Broader market sentiment and Upbit listing catalysed the gains.
  • If the broader crypto market continues its upward trend, CYBER price could target a new all-time high.

Cyber (CYBER), the native token of the CyberConnect ecosystem, has witnessed an impressive 80% surge in 24 hours to hit highs of $4.5, its highest level since January 2025.

This explosive price gain has captured the market’s attention, with daily volume spiking more than 825% to over $410 million.

Meanwhile, the market cap has jumped to over $154 million. Per data from CoinMarketCap, CYBER ranks as the best performing altcoin in the top 500 by market cap, outpacing peers.

Why is Cyber price skyrocketing?

Cryptocurrencies bounced as Bitcoin broke to $122k before retreating, and Cyber price picked up momentum amid this move.

However, the likely trigger for CYBER’s sharp gains in the past 24 hours looks to be the official listing of the token on Upbit, the largest crypto exchange in South Korea.

On August 12, 2025, Upbit announced trading support for CYBER with Korean won and Tether (USDT).

The CYBER/KRW and CYBER/USDT pairs going live on the exchange have injected fresh liquidity and visibility for the token, attracting further buy-side pressure.

Upbit’s decision to support CYBER adds to the excitement around the decentralised social platform, with CYBER seeing its biggest jump in nearly eight months.

Cyber treasury strategy

As well as the Upbit listing, bullish market sentiment around altcoins is key to CYBER price gains.

Cyber Foundation also recently announced the major milestone that saw NYSE-listed company Enlightify Inc become the first publicly-traded company to initiate a treasury strategy for CYBER.

Enlightify plans to accumulate up to $20 million worth of CYBER tokens for the next 12 months.

This trend has driven the Ethereum price to above $4,300 and helped Solana, XRP and other top alts to retest key supply wall areas.

CYBER price could benefit from such a trend.

“Institutional engagement with digital assets has long centered on passive BTC or ETH holdings. Enlightify’s plan to build a treasury position in CYBER—the native token that powers Cyber’s decentralized AI and social infrastructure—signals a broader shift toward recognizing the long-term value of specialized blockchain networks,” the Cyber team noted.

CYBER price forecast: is a new all-time high next?

Elsewhere, the technical outlook for CYBER suggests room for further growth.

Cyber price chart by TradingView

Breaking through key resistance levels near $4.0 amid a surge in trading volume suggests upside strength.

Indicators such as the Relative Strength Index (RSI) on the weekly chart align with the bullish momentum.

The chart shows CYBER is not overly extended in the overbought territory.

Bulls could aim for $6 and then $10, with the all-time high above $15 possible in 2025.

However, the profit taking seen across the market has helped bears revisit lows of $3.15. CYBER currently trades around $3.41 and bulls need to reclaim $4.00 to have the upper hand.

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