On-chain analytics platform Lookonchain has provided insights into what may have contributed to the Solana price crash since October. The platform revealed that meme coin launchpad Pump.fun has sold a significant amount of SOL, cashing out almost $500 million since the start of October. Pump.fun Allegedly Dumps SOL Amid Solana Price Crash In an X post, Lookonchain suggested that Pump.fun has been selling SOL, as it appears that the meme coin launchpad has cashed out at least 436.5 million USDC since October 15. The on-chain analytics platform also stated that since October 15, the meme coin launchpad has deposited 436.5 million USDC into Kraken. Related Reading: Forget XRP, DFDV Exec Predicts Solana Price Is Headed For $10,000 Furthermore, Lookonchain revealed that between May 19, 2024, and August 12, 2025, Pump.fun sold a total of 4.19 million SOL ($757 million) at an average price of $181. Of that amount, 264,373 SOL was sold on-chain for $41.64 million, while 3.93 million SOL ($715.5 million) was deposited into Kraken. Pump.fun’s SOL sales are known to put significant selling pressure on the Solana price, thereby contributing to its crash. Notably, the Solana price has recorded one of the largest losses during this recent crypto market downtrend. SOL crashed from a high of around $220 in October to a low of $120 this month. This has occurred despite the launch of six spot Solana ETFs during this period. Bitwise, Grayscale, Fidelity, 21Shares, VanEck, and Canary have all launched their SOL funds and have recorded notable flows since launch. SoSo Value data shows that these funds have recorded cumulative net inflows of $568.24 million since their respective listings. Despite this, the Solana price has been in a downtrend amid significant selling pressure from SOL whales. Thanks to the crash, SOL is now down over 28% year-to-date (YTD). The altcoin is also down over 28% in the last 30 days. Pump.fun Denies Recent SOL Sales A Pump.fun spokesperson, Sapijiju, has indicated that they haven’t sold any SOL recently and haven’t contributed to the Solana price crash. In an X post, he described Lookonchain’s post as complete misinformation, as they haven’t cashed any sum. He claimed they were not involved in the transactions between Kraken and Circle that the on-chain analytics platform referenced. Related Reading: Institutions Have Been Buying Solana Every Day For 2 Weeks, Is $300 Possible? Lookonchain had claimed that during the same period, Pump.fun allegedly cashed out 436.5 million USDC, 537.6 million USDC was sent from Kraken to Circle. Meanwhile, regarding the 436.5 million USDC, Sapijiju stated that what is happening is part of their treasury management, with the USDC part of funds from the PUMP ICO, and with plans to reinvest the sum into the business. At the time of writing, the Solana price is trading at around $138, up almost 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Freepik, chart from Tradingview.com
Although own and controlled by FalconX, 21shares will remain independently managed and run by CEO Russell Barlow.
The crypto industry is approaching a major milestone as the market anticipates the potential approval of an XRP Spot ETF in the United States (US). Analysts suggest that recent developments regarding the US Securities and Exchange Commission’s (SEC) review could deliver the final nail in the coffin for XRP. With ETF filings still awaiting approval, the market is watching closely, as a green light could pave the way to greater mainstream adoption and institutional investment in XRP. XRP ETF To Become Game-Changer For The Market Nate Geraci, President of NovaDius Wealth Management and co-founder of The ETF Institute, recently stated on X social media that the first Spot XRP ETF could launch within the next two weeks. He described this event as the “final nail in the coffin” for the previous wave of anti-crypto regulators. Related Reading: Analyst Predicts XRP Price Will Decouple From Bitcoin, Here’s What Would Happen Notably, the US SEC had been involved in litigation against Ripple for five years, which concluded about three months ago. Geraci believes that the approval of a Spot XRP ETF represents a significant step forward for not only XRP but also the broader cryptocurrency industry. The temporary delay caused by the US government shutdown, which started in October, has pushed back XRP ETF approvals. However, new reports of bipartisan efforts to reopen government operations have reignited expectations of an ETF. Geraci pointed out in a subsequent X post that the end of the government shutdown could unleash a wave of crypto ETF launches, with a 33 Act spot XRP ETF likely coming this week. Recently, the US Depository Trust & Clearing Corporation (DTCC) listed nine new Spot XRP ETFs on its platform, increasing expectations of a launch this November. The list includes XRP ETFs from top asset managers such as Bitwise, Franklin Templeton, Canary Capital, Volatility Shares, CoinShares, T-Rex Osprey, 21Shares, and many others. ETF Filing Amendment Brings Launch Closer Than Ever Further evidence that an XRP ETF may be imminent comes from recent filing updates by leading issuers. Eric Balchunas, senior ETF analyst at Bloomberg, reported that 21Shares has submitted an 8(a) form with the US SEC on November 7 for its spot XRP ETF. The new changes in the filing officially activate a 20-day countdown for the approval and launch of an XRP ETF by November 27. Related Reading: Rare Chart Formation That Led To An 87% XRP Price Crash Has Resurfaced Crypto commentator John Squire also noted that if the US SEC does not take action within the allotted period, the approval would automatically proceed. Similarly, multiple issuers, including Canary Capital, have also withdrawn “delaying amendments,” triggering the same 20-day automatic approval countdown. Notably, these filings suggest that the market is moving closer to a regulatory green light for XRP ETFs. Amid recent developments, Squire has pointed out that the US has never been this close to fully approving an XRP ETF. Should the SEC give its authorization, it could significantly transform trading volume, liquidity, and institutional participation in the market. It would also expand the current major ETF offerings beyond just Bitcoin and Ethereum. Featured image from Peakpx, chart from Tradingview.com
Crypto trading firm FalconX will acquire 21Shares for an undisclosed sum, combining its infrastructure with an ETP franchise to build new crypto funds.
The deal, terms of which were not disclosed, will allow FalconX to expand beyond market making and liquidity services into issuing crypto ETFs.
The Dogecoin price has received a major boost following House of Doge’s announcement of its plans to list on the Nasdaq. The firm revealed that the deal is backed by $50 million, suggesting it could inject fresh liquidity into the Dogecoin ecosystem. Dogecoin Sees Fresh $50M Liquidity As House of Doge Secures Nasdaq Listing In a press release, House of Doge announced that it has secured a Nasdaq listing through a merger with Brag House Holdings, a deal backed by over $50 million in investment capital, which is a positive for Dogecoin. Brag House will acquire House of Doge in a reverse takeover transaction, which is subject to approval from both companies’ boards of directors. Related Reading: The Historical Performance That Says Dogecoin Price Will Hit $11.71 By End Of Year House of Doge, the commercial arm of the Dogecoin Foundation, noted that this proposed merger will advance mainstream Dogecoin adoption and institutionalize the meme coin’s utility. The firm also highlighted how it boasts 837 million DOGE within its framework, representing the largest institutional Dogecoin holdings in the global crypto ecosystem. House of Doge has already built an institutional foundation for the Dogecoin ecosystem through its partnerships with 21Shares, Robinhood, and CleanCore Solutions. The firm played a key role in helping CleanCore set up its Dogecoin treasury. Now, the firm is looking to deepen the push for the institutional adoption of DOGE and has secured $50 million to boost the meme coin’s ecosystem. House of Doge revealed that it plans to use this capital to lay the foundation for a “scalable, transparent, and yield-producing Dogecoin economy” for both institutional investors and the DOGE community. The firm also confirmed that the newly combined entity will hold a “significant amount of Dogecoin within its framework,” indicating that some of the capital it secured will be used to purchase DOGE. Catalyst For A DOGE Rally The House of Doge’s proposed merger could serve as one of the catalysts for an explosive Dogecoin rally to new highs. The firm has outlined several ways it plans to boost DOGE’s institutional adoption, which could spark more institutional inflows into the meme coin’s ecosystem. Related Reading: Broadening Wedge Could Send Dogecoin Price Flying, But Watch These Key Factors Notably, this comes amid the imminent launch of the Dogecoin ETFs, which are expected to drive fresh liquidity into DOGE. Crypto analyst The Historical Performance That Says Dogecoin Price Will Hit $11.71 By End Of Year, that the meme coin could rally to as high as $0.6533 even as the institutional catalysts line up for Dogecoin. From a technical perspective, the analyst stated that DOGE’s uptrend remains intact and that, as prices hold above a major resistance trendline, the target remains $0.6533. He added that the uptrend can spark a run of over 200% to reach this target. At the time of writing, the Dogecoin price is trading at around $0.2, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Two of the largest digital asset managers, Bitwise and 21Shares, have made a notable update to their Ethereum and Solana ETF filings that could signal a shift in how crypto exchange-traded products operate in the United States. According to amended S-1 statements filed with the U.S. Securities and Exchange Commission (SEC), both issuers now reference […]
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Crypto analyst CryptoELITES has predicted that the Dogecoin price could reach $5, providing a bullish outlook for the foremost meme coin. The analyst also mentioned what needs to happen for DOGE to reach this ambitious price target. Dogecoin Price Eyes Rally To $5 If This Happens In an X post, CryptoELITES stated that the target for the Dogecoin price is $5 after a DOGE ETF launches. The analyst opined that a huge wave of institutional money is about to flow into meme coins very soon, with this money coming through the ETFs. Notably, REX-Osprey is launching the first Dogecoin ETF today. Related Reading: Dogecoin Price Eyes 1,250% Surge To $3.5 – Here’s The Roadmap The REX-Osprey Dogecoin ETF will provide institutional investors with spot exposure to DOGE and could serve as a catalyst for a Dogecoin price rally to $5, as CryptoELITES predicts. New capital could flow into the DOGE ecosystem through this ETF, which would spark higher prices for the foremost meme coin. Furthermore, it is worth mentioning that more Dogecoin ETFs could launch soon enough, especially with the SEC’s approval of generic listing standards, which help fast-track crypto ETF listings. Bloomberg analyst Eric Balchunas revealed that DOGE is one of the crypto assets that has futures on Coinbase, which makes it eligible for faster listing under the SEC’s new rule. Notably, Grayscale, Bitwise, and 21Shares have filed for a DOGE ETF, and their respective funds could launch soon, which is bullish for the Dogecoin price. The launch of these other ETFs besides the REX-Osprey ETF means that more liquidity could flow into the meme coin’s ecosystem, although it remains to be seen if the $5 target is achieved. Meanwhile, CryptoELITES had also previously predicted that the Dogecoin price could reach $5 from a technical analysis perspective. The analyst cited DOGE’s historical cycles and the gains it recorded previously as the reason why the meme coin could reach this target. $10 DOGE Target Still In Place Crypto analyst DOGECAPITAL has again reiterated his $10 target for the Dogecoin price in this cycle. He believes that the meme coin can reach and surpass this target based on historical trends. He noted that each cycle’s first year (2013, 2017, and 2021) has historically delivered the strongest gains. Related Reading: Dogecoin Price Just Broke A Regional High For The First Time This Year, Why A 300% Rally To $1 Is Possible The analyst noted that in the current cycle, the pattern suggests that the Dogecoin price could be in for substantial upside this year if history repeats, although the yearly candle hasn’t closed yet. His accompanying chart showed that DOGE could even reach as high as $36 in this cycle. Meanwhile, DOGECAPITAL predicted that Dogecoin’s cycle could extend from the projected October cycle top if Bitcoin’s does. At the time of writing, the Dogecoin price is trading at around $0.28, up over 6% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
AFET tracks a group of decentralized AI protocols, while ARAY offers exposure to Solana-based decentralized exchange Raydium's token.
The Solana (SOL) market has registered a near 2% price increase in the last 24 hours, representing slight relief for investors enduring steep losses from the last week. Between August 14 and 15, the altcoin tumbled by roughly 13%, sliding from near $210 to around $180 as broader crypto markets reacted to US Producer Price Index (PPI) data. Despite the short-term recovery, prominent market analyst Ali Martinez warns that Solana may remain in danger yet, projecting the potential for further downside in the days ahead. Related Reading: Solana Price Drops To $185 — Here’s Why The Momentum Didn’t Last Solana Rejected At $208, Key Support Levels At $180, $160 In Focus In an X post on August 16, Martinez outlines a bearish technical outlook on the Solana market following a solid rejection at a key technical price level. Solana surged above $200 this week, marking the first time in this price region since July 23. However, the altcoin was unable to sustain its upward trajectory, encountering resistance at the $208 price level. Notably, this price region forms the upper boundary of a well-established trading price channel whose lower boundary lies around $160. Therefore, there is strong potential for the current retracement to persist with initial support targets set around $180, i.e., the midline of the trading range under study. However, a decisive price break below this level would force SOL to $160, indicating a potential 17% decline from present spot market prices. On the other hand, if Solana bulls can sustain prices above $180, it would invalidate these bearish projections, perhaps pushing the altcoin into consolidation. However, Solana must decisively claim the price resistance around the $208 region to show bullish intent, with potential upside targets set around $250. Related Reading: XRP Takes On Live TV: Analyst Predicts Surge To $13 If This Happens Solana Price Outlook At the time of writing, Solana (SOL) trades at $192, representing a net gain of 2.83% over the past week. However, the asset’s trading volume has dropped sharply, plunging by 52.25% in the last 24 hours, signaling a significant decline in recent market activity. Despite the reduced volume, investor sentiment around Solana remains broadly positive. According to data from Coincodex, the current Fear & Greed Index stands at 56 (Greed), indicating a leaning toward bullishness. Meanwhile, the US Securities and Exchange Commission (SEC) recently announced an extension of its review period for the Bitwise and 21Shares spot Ethereum ETF applications. The decision had little impact on investor sentiment toward Solana, as such extensions are a standard procedure in the SEC’s handling of crypto-related filings. The commission is expected to reach its final deadline in October. Looking ahead, Coincodex analysts maintain a cautiously optimistic outlook for SOL’s price. Their forecasts project Solana at $197 over the next month, and a potential climb to $219 within three months, should broader market conditions remain supportive. Featured image from iStock, chart from Tradingview
Altcoins like SOL, AVAX, HYPE were down 4%-5% before paring losses, while BONK and PENGU plunged 10% then bounced back.
After nearly eight years of being trapped under a long-term resistance line, XRP is set to make headlines again as it inches closer to a historic breakout against Bitcoin (BTC). With XRP Spot ETF approvals still pending, this breakout could signal the start of a significant shift in momentum and price trajectory. XRP To Break Major Resistance Against Bitcoin The XRP/BTC trading pair is rapidly approaching a critical technical breakout that could reshape its long-term value outlook. Crypto market expert Gordon noted in his chart analysis on X social media that XRP/BTC is close to breaching an 8-year descending resistance line—a move that could spark a major structural change in the market. Related Reading: XRP Open Interest Explodes To January ATH Levels, Will Price Follow Above $3? A breakout from this resistance could not only signal the end of nearly a decade of underperformance against Bitcoin but also serve as a potential precursor to a broader revaluation of XRP. Gordon’s biweekly chart illustrates XRP’s historical struggle to gain ground against Bitcoin, with repeated rejections from a strong descending line that has acted as a barrier since 2017. However, after experiencing long years of consolidation and accumulation, XRP/BTC now appears to be forming a large Symmetrical Triangle, with the current price hovering just below the upper boundary of the formation. Based on Gordon’s analysis, this technical compression suggests an imminent breakout, especially as price action builds momentum. What makes this potential breakout even more intriguing is that XRP’s rising value and current momentum have occurred without any significant bullish catalysts. The upward movement in XRP/BTC comes even before any official news concerning a potential XRP Spot ETF approval. The anticipation surrounding this ETF is already palpable, and a favorable decision could act as a powerful catalyst for continued upside. This scenario aligns with Gordon’s assessment that a breakout from the 8-year trendline could be a gateway to a generational wealth opportunity. 2025 XRP Spot ETF Approval Odds Hit 95% According to new data shared by market expert Steph is Crypto, XRP has emerged as one of the front-runners in the race for Spot ETF approval in the United States (US). The analyst has stated that the probability of an XRP ETF approval by the US SEC in 2025 has increased to a whopping 95%. Related Reading: XRP Wave 3 Could Repeat 600% Surge From Nov 2025, Target Set For $15 XRP currently shares the highest projected odds of approval alongside Litecoin and Solana, signaling a major shift in sentiment toward altcoin-based ETFs. Already, a growing number of institutional asset managers are investing in this ETF, including Grayscale, Bitwise, 21Shares, WisdomTree, Canary, and others. Just a few days ago, reports also revealed that the SEC has officially approved the conversion of the Bitwise 10 Crypto Index Fund into an ETF, which will include assets such as XRP, BTC, ETH, and others. Featured image from Getty Images, chart from Tradingview.com
The bluechip DeFi token hit its strongest price in five months, gaining 8% over the weekend.
The CPI missed estimates Wednesday, easing concerns of a tariff-led upswing in price pressures.
Cryptocurrencies reversed early losses as risk assets shrugged off the Moody's U.S. debt downgrade.
The product allows investors to add CRO exposure to their portfolios without handling crypto wallets or exchanges.
Research house and exchange-traded-product issuer 21Shares is arguing that Dogecoin has matured into “a smart addition to your portfolio,” projecting a bull-market price target of $1.42 per coin if bullish momentum holds. In a post published on X on 30 April, the firm told its followers that “Dogecoin isn’t just a meme anymore—it might be a smart addition to your portfolio.” Linking to a research note, 21Shares detailed stress-tested portfolio simulations in which a traditional 60/40 basket of equities and bonds is first “infused with 3 % Bitcoin” and then supplemented with a “modest 1 % DOGE allocation.” According to the researchers, “the benchmark returned 7.25 % annually, while DOGE-enhanced portfolios reached as high as 8.95 %. Sharpe ratios improved in almost all tests,” while the worst peak-to-trough drawdown only “deepened by a few percentage points.” Related Reading: What Will Send Dogecoin Soaring? Analyst Reveals The Key Drivers The study attributes the incremental performance to Dogecoin’s decade-long record of outpacing most large-cap crypto-assets while maintaining “a low correlation to crypto and traditional assets.” Even so, the authors stress that disciplined rebalancing remains vital. “Without it, returns can plateau while risk quietly compounds,” they warn, adding that monthly or weekly rebalancing strikes the best compromise between upside capture and volatility control, particularly “during periods of broader market stress, as we’ve recently seen.” Three Scenarios For Dogecoin To frame expectations for the coming cycle, 21Shares sets out three scenarios: In the bear case, Dogecoin’s post-election rally is described as potentially having “front-run its true cycle potential.” If the token merely compounds at 10 % per year from its 2021 peak of $0.73, it would “land around $0.38 by 2025,” a doubling from today’s $0.18 but, for the first time, a failure to record a new all-time high within a full market cycle. Related Reading: Dogecoin Could Rally To $0.74 ATH If Price Closes Month Above This Level, Analyst Says The neutral case assumes the total crypto-asset market capitalizes at $5 trillion and DOGE’s market share slips from 4 % to 3 %. On those inputs, Dogecoin would be worth roughly $150 billion and trade “near $1 per coin,” about a 5.5-fold gain from current levels, with the token “retaining its stature as the leading memecoin” amid stiffer competition. The bullish projection scales the token’s compounded growth between the pre-2021 bottom of $0.007 and the current-cycle trough of $0.0585, a rate calculated at 189 % per year. “If DOGE were to mirror this explosive growth,” the paper concludes, “DOGE would reach approximately $1.42.” Such an outcome would require a revival of “memecoin mania,” tangible real-world use cases and, critically, deeper integration with major consumer platforms such as Elon Musk’s X. In that environment, the authors write, a full-throated return of retail exuberance “could re-establish DOGE as the breakout asset of the cycle, potentially even doubling its all-time high.” 21Shares finishes on a pragmatic note: “With the right structure, a 1 % allocation to Dogecoin isn’t reckless—it’s rewarding.” At press time, DOGE traded at $0.175. Featured image created with DALL.E, chart from TradingView.com
21Shares president is speaking today at Sui's annual Basecamp conference.
Nasdaq has filed a 19b-4 form with the US Securities and Exchange Commission (SEC) to support the listing of a new 21Shares Spot Dogecoin (DOGE) Exchange-Traded Fund (ETF), according to an April 29 filing. The proposed fund would offer investors passive exposure to Dogecoin’s price without engaging in speculative trading activities like leverage, derivatives, or […]
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Grayscale and Bitwise have both previously filed regulatory paperwork for a spot ETF backed by DOGE.
Asset management firm 21Shares has deepened its European footprint by launching three new crypto exchange-traded products (ETPs) on Nasdaq Stockholm, according to a March 24 announcement. The newly introduced products are the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP). With the listings on Nasdaq Stockholm, […]
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The filing comes as 21Shares expands its crypto ETF offerings, including funds for XRP and Solana.
The firm is liquidating its ARK 21Shares Active On-Chain Bitcoin Strategy ETF and ARK 21Shares Active Bitcoin Ethereum Strategy ETF amid the downturn.
Bloomberg Intelligence ETF analyst James Seyffart alluded to the filing being the first ETF to file with the SEC to allow for staking.
Exchange-traded fund-focused firm 21Shares has filed for a Polkadot Trust in a bid to get the SEC's sign-off.
Many executives and analysts predicted the success of US spot Bitcoin ETFs in 2024, but the funds surpassed expectations.
Matthew Sigel described Polymarket’s 77% projected odds of a US SOL ETF listing in 2025 as “underpriced.”
Grayscale joins 21Shares, Canary Capital, VanEck and Bitwise as the other ETF issuers looking to win the SEC's approval.
Spot Bitcoin ETF provider WisdomTree became the fourth firm in the US to submit a Form S-1 filing with the SEC for a spot XRP ETF.
Bitwise, VanEck, 21Shares and Canary Capital have also recently submitted their S-1 registration statements to list a spot Solana ETF in the US.