Schlagwort: crypto market news

• PepeX presale has raised over $1.83 million.
• Stage 6 tokens are priced at $0.0255, up from $0.02 at launch.
• Forecasts place PepeX at $0.30–$0.50 by 2026 if momentum continues.

PepeX, a new AI-powered meme coin launchpad on the Solana blockchain, has raised over $1.83 million since its presale began on 24 March.

With a capped supply of 5 billion tokens and strong emphasis on fairness and decentralisation, PepeX is positioning itself as a next-generation alternative in a rapidly evolving memecoin market.

The project arrives as interest in Solana-based memecoins such as Dogwifhat and Bonk continues to surge.

PepeX’s presale structure, featuring dynamic pricing and stage-based increases, has caught investor attention.

It offers early buyers a potential return of over 240% if it lists at its planned $0.085 price.

With the public platform set to launch in Q3 2025, all eyes are on whether PEPX can outperform rivals like Myro and rise beyond its meme status.

PepeX: Why should you invest in this?

PepeX’s presale runs for 90 days, with 50% of the 5 billion token supply allocated to early investors.

By early April, the project had raised more than $1.25 million from the sale of around 62.5 million tokens.

Stage 5 of the presale saw tokens priced at $0.0243, while Stage 6 began on 8 April at $0.0255.

Each presale stage lasts three days, with token prices increasing by roughly 5% per stage.

At this pace, the final presale stage could hit a token price of approximately $0.0823.

If the token lists on exchanges at the projected $0.085, early participants from Stage 5 stand to gain around 240% to 311%, depending on their entry point.

The platform also promises anti-sniping protections, liquidity locks, automated smart contract audits, and a fair launch model where the team holds just 5% of the total supply—an unusually low figure for meme coins.

Dogwifhat and Bonk boost Solana meme sentiment

While PepeX is still in presale, established Solana-based memecoins have been rallying. Bonk saw a 26% rise in the week ending 23 April, while Dogwifhat gained around 30%.

At the end of April, Bonk was trading near $0.0000188 with a market cap of roughly $1.49 billion.

Dogwifhat, priced around $0.616, had a market cap of approximately $620 million.

These surges were supported by a broader altcoin rally driven by Bitcoin nearing $95,000 in early March.

Both Bonk and Dogwifhat have benefited from widespread listings, active community support, and integration into Solana’s DeFi and gaming ecosystems.

This meme-led momentum on Solana has created the perfect launch window for newcomers like PepeX to capitalise on demand for high-upside tokens.

PepeX price forecast

Short-term projections suggest PepeX could reach between $0.09 and $0.14 within one to three months of launch.

Medium-term estimates place the token at $0.15 to $0.25 within six months, and potentially between $0.30 and $0.50 by 2026.

That long-term estimate would translate to gains of over 1,000% for Stage 1 presale investors.

However, analysts caution that short-term pullbacks are possible.

Some expect early investors to take profits at listing, which could push the price temporarily back toward $0.0198—just below its initial $0.02 presale level.

PepeX’s future depends on its ability to deliver a working launchpad and attract meme creators and users to its ecosystem.

With its unique combination of AI tools, tokenomics, and fair launch approach, the token is positioned to capture attention in an increasingly competitive landscape.

The post PepeX presale raises $1.83 million as Solana memecoins rally appeared first on CoinJournal.

• Bybit and FXStreet have released a joint report forecasting that gold could rise to $4,000 per ounce by the end of 2025.
• The report comes on the heels of gold reaching an all-time high of around $3,500 per ounce.
• The report also points to silver as a compelling diversification opportunity.

Bybit and FXStreet have released a joint report forecasting that gold could rise to $4,000 per ounce by the end of 2025, driven by a combination of macroeconomic pressures, technical momentum, and increasing investor aversion to traditional assets.

The report comes on the heels of gold reaching an all-time high of around $3,500 per ounce last month, marking a 26% gain year-to-date and a 41% jump over the past 12 months.

Over the same period, the S&P 500 has declined 11%, highlighting gold’s renewed strength as a safe-haven asset.

Safe-haven demand intensifies

Investors are reallocating capital into gold in response to persistent inflation, a weakening US dollar, and deteriorating real returns in equity and bond markets.

The metal’s traditional role as a hedge against currency devaluation has resurfaced, with both central banks and private investors seeking shelter from fiat instability.

Adding to this flight to safety are escalating concerns over US trade policy under President Donald Trump, which has reignited fears of a global tariff war.

The report added:

By serving as a neutral reserve asset, gold provides much-needed stability amid shifting trade patterns and geopolitical tensions.

The report notes that capital is being pulled from vulnerable currencies—including the euro, yen, yuan, and peso—into gold, which offers liquidity and political neutrality.

Bullish technical setup

From a technical standpoint, indicators remain supportive of further gains.

The MACD remains in positive territory, with the 12-day moving average above the 26-day, signaling sustained bullish momentum.

Meanwhile, the RSI at 60 reflects ongoing strength without tipping into overbought levels.

Analysts expect gold to consolidate near $3,500, a key resistance level, before targeting $4,000 by year-end, assuming macroeconomic and geopolitical headwinds persist.

Silver: the overlooked hedge

The report also points to silver as a compelling diversification opportunity.

Though trailing gold in performance, silver remains well below its 2011 peak of $50 per ounce and may benefit from both defensive capital flows and rising industrial demand, particularly from green energy and infrastructure sectors.

For investors seeking broader exposure, silver’s asymmetric upside presents an attractive hedge.

The post Bybit-FXStreet report sees gold hitting $4,000 by end-2025 appeared first on CoinJournal.

• The proposed ETF would provide direct exposure to SUI’s market price.
• The fund does not include a staking component, in contrast to similar applications from other issuers such as Canary Capital.
• The Sui ETF proposal adds to a wave of more than 70 crypto ETF filings under SEC review.

Asset manager 21Shares has filed an S-1 registration with the Securities and Exchange Commission to launch a spot exchange-traded fund tracking Sui (SUI), while also announcing a strategic collaboration with the blockchain network.

The proposed ETF would provide direct exposure to SUI’s market price, with assets held in custody by Coinbase, according to the filing.

Its daily NAV will be based on a benchmark index tracking spot prices, and like other US-approved crypto ETFs, share creations and redemptions would be processed in cash, not in-kind.

Notably, the fund does not include a staking component, in contrast to similar applications from other issuers such as Canary Capital, which has also filed for a spot Sui ETF with staking.

21Shares also announced on Thursday that it has entered into a “strategic partnership” with the Layer 1 network, aimed at expanding its global reach amid rising interest in the Sui ecosystem. 

SUI ETPs in Europe

Sui-based exchange-traded products (ETPs) have gained significant traction in Europe, with offerings such as the 21Shares Sui Staking ETP and the VanEck Sui ETP already available to investors.

The US filing comes roughly a year after 21Shares launched the 21Shares Sui Staking ETP in Europe in July 2024.

According to the latest data from CoinShares, these Sui-linked investment vehicles had a combined $400 million in assets under management as of April 25.

Investor interest in the Sui ecosystem appears to be accelerating.

Year-to-date, Sui-based ETPs have attracted $72 million in net inflows, including a notable $20.7 million influx in just the past week.

SUI currently holds a market cap of $12.3 billion, ranking it as the 11th largest cryptocurrency globally.

ETF race expands

The Sui ETF proposal adds to a wave of more than 70 crypto ETF filings under SEC review.

Asset managers such as Bitwise, Grayscale, Franklin Templeton, and REX Shares have submitted filings for spot ETFs tied to Solana, XRP, Dogecoin, Cardano, Avalanche, Hedera, Litecoin, and Polkadot.

21Shares, a Switzerland-based manager, is already active in the US market through its spot Bitcoin and Ethereum ETFs, launched in partnership with Ark Invest.

It has recently expanded its ETF ambitions, submitting applications tied to XRP, Solana, Dogecoin, and Polkadot.

According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the Solana and Litecoin ETF proposals lead with a 90% chance of approval, followed by XRP (85%), and Dogecoin and Hedera (80%).

The growing flurry of filings reflects a more permissive regulatory environment under the Trump administration, with Paul Atkins, a long-time industry ally, now chairing the SEC.

The agency has dropped multiple lawsuits and initiated public dialogue with crypto firms, indicating a departure from the stance of former Chair Gary Gensler.

The post 21Shares seeks SEC approval for Spot Sui ETF in US market appeared first on CoinJournal.

• Kuwait has launched a crackdown on illegal crypto mining.
• The coordinated effort targeted residential properties suspected of being used as illegal crypto mining hubs.
• Some suspects have been released on bail of 500 Kuwaiti dinars.

Kuwait has launched a sweeping crackdown on illegal cryptocurrency mining operations, with around 60 individuals currently under investigation and more expected to face legal action in the coming weeks.

The move follows a major security operation aimed at curbing the unlicensed use of electricity for crypto mining, which authorities say is putting immense strain on the national power grid and threatening public infrastructure.

The operation was conducted last Friday.

The coordinated effort targeted residential properties suspected of being used as illegal crypto mining hubs.

According to Kuwait’s Cabinet, the raids are part of ongoing national efforts to combat financial crimes, protect the energy sector from unauthorized consumption, and preserve public safety.

Officials noted that illegal mining setups often consume enormous amounts of electricity, causing grid overloads, power cuts, and disruptions to both residential and commercial areas.

The Public Prosecution, via the Commercial Affairs Prosecution, has ordered the continued detention of several individuals, including property owners who rented out homes for mining operations.

Some suspects have been released on bail of 500 Kuwaiti dinars.

Authorities reportedly confronted the accused with evidence of large, unexplained financial deposits—some earning as much as 3,000–4,000 dinars daily from anonymous sources.

Despite denying the charges, the defendants were linked to seized crypto mining equipment and criminal investigation reports.

To disrupt ongoing illicit mining activities, the Ministry of Electricity has begun cutting off power to identified sites.

Reconnection will only be approved after clearance from the Ministry of Interior.

The post Kuwait launches crackdown on crypto miners over power grid concerns appeared first on CoinJournal.