ACH price risks fresh sell-off amid cypto downturn

  • The Alchemy Pay (ACH) price fell more than 8% in 24 hours as Bitcoin pulled back to $105k.
  • ACH price is, however, struggling despite Alchemy Pay’s partnership with World Liberty Financial.
  • Investors could see extended pain as the technical outlook favours another leg down.

Alchemy Pay (ACH) price was down 8% in the past 24 hours despite Alchemy Pay striking a key partnership with Trump-backed World Liberty Financial.

The altcoin’s drop alludes to sharp profit taking following recent gains that came amid the crypto payments network’s expansion in Australia.

While a crypto downturn for major coins amid risk assets market uncertainty continues to dictate sentiment, could the integration with World Liberty Financial boost the price of ACH?

Alchemy Pay integrates World Liberty Financial’s USD1 stablecoin

On May 26, Alchemy Pay announced a major milestone with expansion in Australia. The crypto payment solutions provider revealed the integration of PayID, a local interbank payment service.

News of the partnership briefly boosted ACH price, but its been downhill since early May when bears pushed bulls from above $0.030.

But Alchemy Pay has announced a series of key integrations as it continues to expand its on/off-ramp solution.

Other than adding support for crypto exchange XT.COM, Alchemy Pay also integrated a Celo blockchain-based, non-custodial stablecoin wallet, MiniPay. The move allows MiniPay users to access stablecoins such as USDT, USDC, and cUSD with their local fiat currencies.

Latest on this list is the integration with World Liberty Financial, a DeFi project backed by US President Donald Trump’s family.

For this partnership, Alchemy has added support for USD1, the US-dollar pegged stablecoin WLFI launched earlier in the year.

Alchemy now supports on-ramp access to the stablecoin, adding another growth angle to the ACH-powered payments platform.

“Users worldwide can now purchase USD1 with the payment option of their choice, including Visa, Mastercard, Apple Pay, Google Pay, mobile wallets, and regional bank transfers.”

The platform said in a blog post.

Will USD1 integration bolster the ACH price?

Per CoinGecko, the ACH price hovered around $0.022, which is significantly down from the highs of $0.030 on May 11, 2025. In this period, the Alchemy Pay token has dropped 8% in 24 hours and 17% in the past week.

Daily trading volume has increased more than 40%, hovering at $30 million at the time of writing.

ACH price chart by TradingView

A look at the charts shows that the ACH price is at risk of further declines.

The sell-off in the past month has seen bears strengthen, with the price breaking down from a falling wedge pattern.

Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) indicators on the 4-hour chart also give sellers an upper hand, suggesting ACH may yet drop amid downside continuation.

However, with RSI near oversold territory signaling a flip, relief may see bulls eye gains to $0.03.

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One day left to invest in Bitcoin Pepe before it hits centralised exchanges

The countdown has begun! Bitcoin Pepe, the latest meme coin sensation, is wrapping up its presale tomorrow (May 31st) – and if you’re not in it yet, chances are that you’re about to miss out on the next 100x opportunity.

Bitcoin Pepe could emerge as the next big thing in the crypto world following its CEX listings as it’s more than just a run-of-the-mill meme coin.

Instead, Bitcoin Pepe has already garnered massive community support on the back of innovation, scarcity, and relentless momentum.

Its price increased significantly even during presale phase, leading to meaningful on-paper gains for early investors. Raising nearly $12.5 million in total, Bitcoin Pepe emerged as one of the best presales to invest in 2025.

Bitcoin Pepe presale ends on May 31
Bitcoin Pepe presale ends on May 31

Why are CEX listings significant for meme coins?

CEX listings are often game-changing for meme coins because they bring legitimacy, liquidity, and accessibility to a digital token.

A crypto asset becomes easier to buy, sell, and trade once it goes live on a major crypto exchanges. Essentially, a listing attracts a wider audience to a cryptocurrency. This influx of new investors boosts demand, potentially driving up the price.

Additionally, centralised exchanges offer security and trust, which, for meme coins like Bitcoin Pepe, mean credibility that decentralised exchanges (DEXs) sometimes lack.

More importantly, listing on a high-profile exchange increases visibility, bringing in retail traders and institutional investors who may have overlooked it before.

Finally, CEXs offer fiat on-ramps, allowing users to purchase the likes of Bitcoin Pepe directly with traditional currency, making it far more accessible to mainstream audiences.

Simply put, a CEX listing can supercharge Bitcoin Pepe’s growth, turning hype into real market momentum over the next few weeks.

https://x.com/BitcoinPepe_/status/1928388521154293924

Why is Bitcoin Pepe an exciting investment in 2025?

Bitcoin Pepe stands out as the meme coin to buy right now as it’s built on a robust blockchain that offers secure and transparent transactions, reducing the risks often associated with other meme coins.

Plus, the world’s only Bitcoin meme ICO enables transactions at minimal cost, making it more affordable for both small and large-scale traders.

More importantly, the lower cost does not come at the expense of efficiency either. Bitcoin Pepe allows lightning-fast transaction speed, which ensures seamless transfers. A community-driven approach keeps Bitcoin Pepe engaging, ensuring steady growth and long-term adoption.

Unlike some meme coins that rely purely on hype, Bitcoin Pepe integrates real utility, enhancing usability in gaming, NFTs, and decentralised finance (DeFi). Top it off with the expected CEX listings and you have yourself a near-perfect meme coin to buy in 2025.

Click here if you’d like to learn more about Bitcoin Pepe and become an early investor before it ends its presale on Saturday.

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Pi Network price dips to $0.67 as technicals hint at further downside

  • Local support lies at $0.61, with risk of slide to $0.57.
  • Resistance at $0.71 must be reclaimed for recovery to start.
  • Market sentiment for Pi Network remains cautious amid low volume.

Pi Network, a cryptocurrency once hailed for its unique mobile mining model, is seeing growing pressure from a wave of negative technical signals and investor caution.

Pi has lost a crucial support level and now trades at $0.67, down from $0.71 just a day ago.

This recent breach suggests mounting downward pressure in the coming sessions, with sentiment among holders appearing to wane.

Pi network
Source: CoinMarketCap

Pi’s price trajectory has shifted sharply in recent days, and several key indicators now show persistent bearish momentum.

These signals come at a time when broader altcoin markets are experiencing lower liquidity and declining investor risk appetite, amplifying the impact on mid-tier tokens such as Pi Network.

CMF points to sustained sell pressure

One of the most notable signals reinforcing the current outlook is the Chaikin Money Flow (CMF), which has slipped just below the zero line.

This movement indicates that the volume of sell orders is beginning to outpace buys.

While still close to neutral territory, the shift in CMF hints at a reversal in market confidence.

This subtle but significant change reflects broader investor behaviour.

Market participants appear increasingly cautious, with many choosing to secure gains or minimise risk in anticipation of further price drops.

The dominance of outflows over inflows is often seen as a leading indicator of continued sell-offs, and in Pi’s case, that risk is growing more pronounced.

The outflow trend may also suggest concerns around Pi Network’s longer-term adoption, particularly as newer utility-focused tokens and large-cap coins dominate market narratives.

Squeeze indicator signals breakout risk

Another notable technical signal is the squeeze momentum indicator, which shows Pi Network currently in a low-volatility “squeeze”.

This phase is marked by black dots on the chart, indicating compression in price movement, typically followed by a strong directional breakout.

In Pi’s case, the building momentum is bearish, suggesting that once volatility returns, the coin may face a sharp downward move.

The current squeeze follows a string of lower highs and the failure to hold above previous support zones.

Blue dots on the indicator, which signal the release phase, have yet to appear, meaning the potential move is still building.

Traders and short-term holders will be watching closely for any indication that a release is underway.

If confirmed, the resulting sell-off could be swift, with Pi potentially testing new lows.

Local support at $0.61, downside risk remains

With the price now at $0.67, immediate support sits at the $0.61 level.

This threshold could provide temporary stability, but a breakdown below it would likely open the door to further losses, possibly toward $0.57.

Such a drop would represent a near 15% decline from current levels and would deepen the token’s downtrend, reducing confidence among existing holders.

On the upside, reclaiming $0.71 would be Pi Network’s first step toward invalidating the bearish thesis.

A break above $0.78 would mark a higher high and potentially shift momentum, bringing bulls back into the market.

However, such a reversal remains uncertain given current indicators.

Pi Network’s long-term potential will depend on both the utility it can deliver and broader market conditions.

For now, however, price action and volume flows suggest that caution will continue to dominate.

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US sanctions tech firm tied to multi million dollar crypto scam operations

  • The US government on Thursday imposed sanctions on Funnull Technology Inc.
  • Tools provided by Funnull made it easier for fraud networks to switch domains and evade detection.
  • Under the sanctions, all US-based assets or interests tied to Funnull or Liu are blocked.

The US government on Thursday imposed sanctions on Funnull Technology Inc, accusing the company of supporting widespread cryptocurrency scams that have defrauded American victims of more than $200 million.

The Treasury Department’s Office of Foreign Assets Control (OFAC) said Funnull, based in the Philippines and run by Chinese national Liu Lizhi, provided critical infrastructure for so-called “pig butchering” scams.

These schemes typically involve cybercriminals cultivating online relationships, often romantic, to lure victims into investing in fraudulent cryptocurrency ventures.

The agency said Funnull is “linked to the majority of virtual currency investment scam websites reported to the FBI.”

According to the Treasury, these scams result in average individual losses of more than $150,000.

Officials noted that actual losses may be significantly higher, as many victims never report the crimes.

“Today’s action underscores our focus on disrupting the criminal enterprises, like Funnull, that enable these cyber scams and deprive Americans of their hard-earned savings,” said Deputy Secretary of the Treasury Michael Faulkender.

Digital infrastructure for fraud

Funnull’s services include selling bulk-purchased IP addresses and domain generation tools that allow scammers to rapidly deploy new websites.

The company also offers web design templates that help impersonate trusted brands, Treasury said.

These tools make it easier for fraud networks to switch domains and evade detection.

“Funnull generates domain names for websites on its purchased IP addresses using domain generation algorithms,” the department stated.

“These services not only make it easier for cybercriminals to impersonate trusted brands… but also allow them to quickly change to different domain names and IP addresses when legitimate providers attempt to take the websites down.”

In 2024, Funnull is said to have altered a developer code repository to redirect users from legitimate websites to scam or gambling sites, some of which have alleged links to Chinese money laundering networks.

Sanctions and their impact

Liu Lizhi, identified as Funnull’s administrator, was also sanctioned.

According to the Treasury, Liu managed operational records, including documents that tracked employee assignments and domain name usage for scams involving cryptocurrency fraud, phishing, and online gambling.

Under the sanctions, all US-based assets or interests tied to Funnull or Liu are blocked.

US persons and entities are prohibited from engaging in any transactions involving the sanctioned parties unless explicitly authorized by OFAC.

The FBI, which has issued alerts on pig butchering schemes, reiterated that Funnull’s operations supported thousands of fraudulent sites and continue to pose a risk to American investors.

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SOPH token drops 24.97% after $900M airdrop, despite strong TVL growth

  • Binance applied a “seed tag” and launched futures trading with up to 75x leverage.
  • On-chain TVL reached $20.28 million with DEX volume peaking at $47.44 million.
  • A further 20% supply unlock is scheduled to begin in three months.

Sophon’s utility token, SOPH, fell by 24.97% within 24 hours of its market debut on Binance and several other exchanges, shedding over $80 million from its market capitalisation.

The steep decline followed a large-scale airdrop event in which 900 million tokens—9% of SOPH’s total 10 billion supply—were unlocked and distributed to early contributors, farmers, zkSync users, and NFT holders.

While airdrops are a common strategy to drive initial interest, they often lead to aggressive profit-taking, especially when token utility is still limited.

Binance began SOPH trading at 13:00 UTC on 28 May, shortly after announcing its listing via an X post on 23 May.

Other exchanges, including OKX, KuCoin, Upbit, Bitget, and MEXC, also launched trading support on the same day.

SOPH initially peaked at $0.11 before tumbling to $0.06 within the same day, recording a 24.97% drop.

Market volatility is fuelled by limited utility and high leverage

SOPH’s early volatility is not just a result of the unlocked supply. Binance assigned a “seed tag” to SOPH, categorising it among high-risk tokens prone to volatility.

These tags often caution investors about potential price fluctuations, particularly in new projects.

In addition, Binance Futures listed SOPH with leverage of up to 75x, creating an environment that incentivised speculative trading and amplified price swings.

The trading volume surged by 2,724.8% in the last 24 hours, according to CoinGecko, as early recipients of the airdrop rushed to sell their allocations.

This created a large supply overhang that the current market demand failed to absorb, exacerbating the price decline.

Sophon is built as a Layer 2 blockchain using Validium technology and is part of ZKsync’s Elastic Chain roadmap. It aims to serve as a decentralised infrastructure for entertainment applications.

However, for now, SOPH’s practical utility remains narrow, primarily limited to covering gas fees and contributing to the network’s sequencer decentralisation process.

The lack of immediate use cases appears to have contributed to the weak market support during the sell-off.

Investor interest remains high despite short-term dip

Despite the price drop, on-chain metrics point to rising user engagement.

According to DefiLlama, Sophon’s total value locked (TVL) climbed to $20.28 million on launch day, up 14.1% from the previous day.

Decentralised exchange (DEX) volumes reached $47.44 million, indicating robust participation in token swapping activities.

While speculative activity dominated the launch, the on-chain data shows that interest in the protocol remains strong.

The project has raised over $70 million from investors, including Binance Labs, and has positioned itself as a key Layer 2 player within the zkSync ecosystem.

Looking ahead, the next supply unlock looms large. Another 20% of SOPH’s total supply, designated as node rewards, will begin unlocking on a weekly basis starting three months from the Token Generation Event.

If current market sentiment does not improve or if new utility use cases are not rolled out in time, this influx could trigger further downside pressure.

Roadmap promises more utility, but outlook remains cautious

Sophon has indicated that it intends to broaden SOPH’s use cases in the coming months.

While no specific dates have been given, the team plans to expand the network’s entertainment applications and decentralised tools.

In a recent post, the project team stated that additional products and services would be launched as part of its long-term roadmap.

For now, though, the token’s performance is being closely watched by investors, particularly given its sharp debut correction.

Airdrops have historically proven to be a double-edged sword—driving early adoption, but often at the cost of price stability.

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