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Solana Whale Action Hints at Big Move—$138 or $160 Next?

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On Tuesday, a large Solana whale transferred 494,153 SOL—valued at approximately $72 million—to the Coinbase exchange, raising concerns over a potential sell-off. 

Large exchange inflows like this often signal impending selling pressure, putting SOL’s recent gains at risk.

$72 Million in SOL Hits Coinbase, Weighing on Market Sentiment

According to Whale Alert, a SOL whale transferred 494,153 SOL valued at $72 million to Coinbase Institutional on Tuesday. Significant exchange inflows such as this mean that large investors are moving their holdings from private wallets to exchanges, often signaling an intent to sell.

Solana Whale Activity.
Solana Whale Activity. Source: Whale Alert

This increased supply on exchanges can increase the downward pressure on the SOL price, especially if there is insufficient demand to absorb the selling. As a result, its price may decline in the near term, leading to further sell-offs.

Moreover, the coin’s negative weighted sentiment heightens the risk of this selloff. At press time, this key metric is below zero at -0.51.

Solana Weighted Sentiment.
Solana Weighted Sentiment. Source: Santiment

An asset’s weighted sentiment analyzes social media and online platforms to measure the overall tone (positive or negative) surrounding it. It considers the volume of mentions and the ratio of positive to negative comments. When weighted sentiment is positive, it indicates more positive comments and discussions about the cryptocurrency than negative ones.

On the other hand, when it is negative, the overall market sentiment is bearish, with more negative commentary and pessimism outweighing positive discussions about the asset. 

This trend can increase selling pressure in the SOL market, discourage new demand, and contribute to its price decline as traders react to the prevailing bearish outlook.

Will Solana Drop to $138 or Surge to $160?

At press time, SOL trades at $145.84. If the whale selloff prompts retail traders to distribute their coins, SOL’s price may plummet to $138.84.

Solana Price Analysis.
Solana Price Analysis. Source: Santiment

However, on the daily chart, SOL bulls appear ready to defend key levels. Readings from technical indicators, including the Parabolic SAR, suggest that buying momentum is gaining strength.

At press time, the dots that make up this momentum indicator rest below SOL’s price, offering dynamic support. When an asset’s Parabolic SAR is set up this way, it signals a bullish trend. It hints at the possibility of a rally in SOL’s price in the short term. If this happens, the coin could exchange hands at $160.34.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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BNB Price Starts Fresh Increase—Can Bulls Sustain the Momentum?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



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Bitcoin Pepe’s presale nears $4m as BTC’s price hits $92k

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Bitcoin tops $92k

Key takeaways

  • BTC is trading above $92k after adding 6% to its value in the last 24 hours.
  • The Bitcoin Pepe presale is approaching $4 million as stage six nears completion.

Bitcoin surpasses $92k on tariff news

BTC, the number one cryptocurrency by market cap, was bullish on Wednesday, adding over 6% to its value and allowing it to cross the $92k level. At press time, the price of Bitcoin stands at $92,263 and could surge higher in the near term. 

Bitcoin’s rally can be attributed to tariff news as President Trump delays tariffs on auto parts from Mexico and Canada. The news eased investor worries and could push Bitcoin’s price higher in the coming hours and days. 

What is Bitcoin Pepe?

As Bitcoin’s price crosses the $90k level, altcoins are also performing excellently. New projects are not left out as investors continue to push funds into exciting projects in the crypto market.

Bitcoin Pepe is an exciting project that seeks to revolutionise the Bitcoin ecosystem. It is approaching a key level in its presale, with investors pushing millions of dollars into the project.

Bitcoin Pepe is seeking to leverage the liquidity and security of the Bitcoin blockchain. It will use Bitcoin’s position in the market to introduce memecoins to its ecosystem. 

The team revealed in its whitepaper that they are building a layer-2 network on the Bitcoin blockchain. Bitcoin Pepe will be a meme-specialized layer-2 solution built on top of Bitcoin, bringing Solana-style scalability to the Bitcoin network.

As a L2 network, Bitcoin Pepe will build a home for memecoin activities within the Bitcoin ecosystem. This will help it unlock decentralized finance (DeFi) and meme trading on top of BTC.

This project is also the first-ever meme initial coin offering (ICO) on the Bitcoin blockchain, making it the perfect fusion between BTC’s security and the unstoppable force of memecoins. 

The utility will enable Bitcoin Pepe to combine high levels of trust (BTC) with high levels of performance (SOL) to capture high levels of retail mass adoption.

Bitcoin Pepe presale nears $4m

The Bitcoin Pepe presale has been running for three weeks and has raised $3.9 million. It is approaching the $4 million mark and will soon enter its seventh stage, with 23 more stages to go.

The native token, $BPEP, is available to investors via the Bitcoin Pepe website. The token can be purchased using various cryptocurrencies, including ETH, USDT, USDC, BNB, and SOL. In this sixth presale stage, $BPEP is going for $0.0268 and is set to increase to $0.0281 in the next stage. 

Bitcoin Pepe’s utility makes this presale an excellent opportunity for investors as it could enable them to get in early on an exciting project. 

Will Bitcoin Pepe boost the Bitcoin ecosystem?

The Bitcoin Pepe project will unveil products and services that could improve the Bitcoin ecosystem. Introducing DeFi and memecoin trading on Bitcoin could enhance the network’s utility, enabling it to compete with smart contract blockchains like Ethereum and Solana in terms of utility. 

Bitcoin Pepe will enable developers to launch memecoins on the Bitcoin blockchain with ease. Memecoins will empower the Bitcoin blockchain to become home to a crazy high-octane meme experience. 

The Bitcoin Pepe project intends to unlock Bitcoin’s $2 trillion dormant market cap, making it available for memecoin trading. The layer-2 network will provide the necessary infrastructure for all memes to migrate to BTC, ensuring security and liquidity for investors and users. Bitcoin Pepe’s native $BPEP token will power several activities within the ecosystem. 

Should you buy the $BPEP token in its presale stage?

The Bitcoin Pepe presale is in its sixth stage, with the $BPEP token going for $0.0268 and increasing in the next stage. As the team develops its L2 network and other products, the presale could be an excellent opportunity to get in on the project, allowing investors to gain early exposure to the project.

Bitcoin Pepe will roll out memecoin trading to the Bitcoin ecosystem. This could increase the utility of the $BPEP token and could make it a top performer in the broader crypto market. The presale allows investors to purchase Bitcoin Pepe’s native token at a discount before it launches on centralised and decentralised exchanges.



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AXL Jumps 14% as Canary Capital Files for Axelar ETF

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Asset Manager Canary Capital has filed an S-1 registration statement with the US Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tied to Axelar (AXL).

This marks the first-ever filing for AXL, the native cryptocurrency that powers the Axelar Network, setting the stage for the token’s institutional adoption.

Canary Capital Files for AXL ETF

The filing, which was submitted on March 5, outlines that the fund’s net asset value (NAV) will be calculated based on the price of AXL. However, specifics regarding the exchange where the ETF will be listed, its ticker symbol, and the custodian remain unspecified.

The proposed ETF builds on Canary Capital’s earlier efforts to bring Axelar to institutional investors. On February 19, the firm launched the Canary AXL Trust. The trust was Canary Capital’s first step into structured AXL offerings, and the ETF filing represents an extension of this effort.

“With Axelar driving some of the most advanced interoperability solutions in Web3, we see in AXL a significant opportunity for institutional investors to gain exposure to the technology underpinning next-generation blockchain connectivity,” Canary Capital’s CEO Steven McClurg said.

The news of the filing had an immediate impact on the market. AXL’s price jumped 14.3%, reaching $0.44.

AXL ETF
AXL Price Performance. Source: BeInCrypto

Trading volume also spiked to $35.7 million. This marked a 131.8% increase from the previous day. With a market capitalization of $405.5 million, Axelar currently ranks 174 on CoinGecko.

Crypto ETFs Under Donald Trump: Opportunity or Bubble? 

Canary Capital’s filing comes amid a broader surge in cryptocurrency ETF applications in the US, a trend that has accelerated since Donald Trump took office. According to Kaiko Research, more than 45 crypto ETF filings are currently pending SEC approval. 

While Bitcoin (BTC) and Ethereum (ETH) ETFs have dominated the space, the scope has expanded to include unconventional assets like meme coins. Bitwise and Grayscale have filed for a Dogecoin (DOGE) ETF. 

Moreover, the ETF filings from Rex Shares and Tuttle Capital feature newly launched meme coins like Official Trump (TRUMP) and Melania Meme (MELANIA).

Nonetheless, according to Kaiko Research, market depth, concentration, and trading structure present significant obstacles for non-BTC/ETH ETFs. Many altcoins associated with ETF applications suffer from shallow liquidity, making them more susceptible to price manipulation and volatility

Additionally, most trading activity for these assets occurs on offshore platforms, creating transparency and regulatory oversight issues. The lack of sufficient USD trading pairs for certain assets further complicates their inclusion in ETFs, as these pairs are essential for accurate ETF valuations. Furthermore, the absence of regulated futures markets for many cryptocurrencies limits available trading strategies.

“All of these factors could limit the demand for more crypto-related ETFs going forward. While approval processes might change, market dynamics still have to catch up,” Kaiko noted.

For now, AXL has been added to a growing list of crypto ETF filings. However, its success—and that of similar ETFs—remains to be seen.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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