Market
Bitcoin Hovers Over $80,000 as Whale Activity Drops
Bitcoin (BTC) continues to hover in a state of uncertainty as both whale activity and technical indicators point to a market lacking strong conviction. Large holders have remained inactive for over a week, with the number of whale wallets holding between 1,000 and 10,000 BTC steady at 1,991 since March 24.
Meanwhile, technical charts like the Ichimoku Cloud and EMA lines offer a mixed outlook, reflecting hesitation in both bullish and bearish directions. As BTC trades near key support and resistance levels, the coming days could determine whether April brings a breakout or deeper correction.
Bitcoin Whales Aren’t Accumulating
The number of Bitcoin whales—wallets holding between 1,000 and 10,000 BTC—currently stands at 1,991, a figure that has remained remarkably steady since March 24.
This level of consistency in large holder activity suggests that major players are neither aggressively accumulating nor offloading their positions.
Given the size of these holdings, even minor shifts in whale behavior can significantly impact the market. This stability is particularly noteworthy given recent volatility across the broader crypto market.
Tracking Bitcoin whales is crucial because these large holders often have the power to influence price action through their buying or selling decisions.
When whales accumulate BTC, it can signal confidence in future price appreciation, while large-scale selling can indicate upcoming downward pressure. The fact that the number of whales has remained stable for the last 11 days may suggest a period of consolidation, where big investors are waiting for a clearer macro or market signal before making their next move.
This could imply that major players see the current BTC price as fair value, potentially leading to a tightening of price action in the short term before a breakout in either direction.
BTC Ichimoku Cloud Shows A Mixed Picture
The current Ichimoku Cloud setup for Bitcoin shows a mixed but slightly cautious sentiment.
The price recently dipped below the red baseline (Kijun-sen), and despite a brief push into the cloud, it was rejected and fell back below it—indicating that bullish momentum lacked follow-through.
The blue conversion line (Tenkan-sen) is now trending downward and has crossed below the baseline, which often reflects short-term bearish momentum. Meanwhile, the Leading Span A (green cloud boundary) is starting to flatten, while Leading Span B (red boundary) remains relatively horizontal, forming a thin and neutral cloud ahead.
This type of thin, flat cloud suggests indecision in the market and a lack of strong trending momentum. The price hovering just below the cloud further reinforces the idea that BTC is in a consolidation phase rather than a clear trend.
If the price can break back above the cloud and maintain that level, it could signal renewed bullish strength.
However, continued rejection at the cloud and pressure from the falling Tenkan-sen could keep BTC in a corrective or sideways structure. For now, the Ichimoku setup reflects uncertainty, with no dominant trend confirmed in either direction.
Will Bitcoin Rise Back To $88,000 In April?
Bitcoin’s EMA structure still leans bearish overall, with longer-term EMAs positioned above the shorter-term ones. However, the recent upward movement in the short-term EMAs suggests that a rebound could be forming.
If this short-term strength develops into a sustained move, Bitcoin could first test the resistance at $85,103. A successful break above this level may signal a shift in momentum, opening the door to higher targets at $87,489. Recently, Standard Chartered predicted that BTC is likely to break $88,500 this weekend.
If bullish pressure remains strong beyond that point, Bitcoin price could push even further to challenge $88,855, a level that would mark a more convincing recovery from the recent pullback.
“(…) After Wednesday’s volatility, BTC has rebounded more than 4% and remains firmly above $79,000, with a key support level forming at $80,000 and slightly higher daily exchange volumes, which is a positive sign. On top of this, Bitcoin ETF flows suggest sentiment remains strong, with $220 million inflows on “Tariff Day”, April 2.,” Nic Puckrin, crypto analyst, investor, and founder of The Coin Bureau, told BeInCrypto.
However, if Bitcoin fails to build enough momentum for this rebound, downside risks remain. The first key level to watch is the support at $81,169.
As the trade war between China and the US escalates, a drop below this level could see BTC falling under the psychological $80,000 mark, with the next target around $79,069. If this zone is also lost, the bearish trend could intensify, sending BTC further down toward $76,643.
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 Conditions, Privacy Policy, and Disclaimers have been updated.
According to a new report from Pine Analytics, token deployers on Pump.fun systematically funded sniper wallets to buy their own meme coins. This impacted over 15,000 token launches on the platform.
These sniper wallets operated primarily during US trading hours, executing standardized, profitable strategies. Unrelated bot activity obscures their behavior, making it extremely difficult to isolate these wallets—and they can readily adapt to new countermeasures.
Snipers Roam Free on Pump.fun Meme Coins
Pump.fun has remained one of the most popular meme coin launchpads on Solana despite persistent controversies and other criticism.
However, Pine Analytics’ new report has uncovered a new controversy, discovering systematic market manipulation on the platform. These snipes include as much as 1.75% of all launch activity on Pump.fun.
“Our analysis reveals that this tactic is not rare or fringe — over the past month alone, more than 15,000 SOL in realized profit was extracted through this method, across 15,000+ launches involving 4,600+ sniper wallets and 10,400+ deployers. These wallets demonstrate unusually high success rates (87% of snipes were profitable), clean exits, and structured operational patterns,” it claimed.
Solana meme coin deployers on Pump.fun follow a consistent pattern. They fund one or more sniper wallets and grant them advance notice of upcoming token launches.
Those wallets purchase tokens in the very first block and then liquidate almost immediately—85% within five minutes and 90% in just one or two swap events.
Pump.fun meme coin developers exploit this tactic to create the appearance of immediate demand for their tokens. Retail investors, unaware of the prior sell‑off, often purchase these tokens after the snipe, giving developers an unfair advantage. This constitutes market manipulation and erodes trust in the platform.
Pine Analytics had to carefully calibrate its methods to identify genuine snipers. Apparently, 50% of meme coin launches on Pump.fun involve sniping, but most of this is probably bots using the “spray and pray” method.
However, by filtering out snipers with no direct links to developer wallets, the firm missed projects that covered their tracks through proxies and burners.
In other words, the meme coin community does not have adequate defenses against systematic abuse on Pump.fun. There are a few possible ways that the platform could flag repeat offenders and sketchy projects, but adaptive countermeasures could defeat them. This problem demands persistent and proactive action.
Unfortunately, it may be difficult to enact such policies. Meme coin sniping is so systematic that Pump.fun could only fight it with real commitment.
Analysts think that building an on-chain culture that rewards transparency over extraction is the best long-term solution. A shift like that would be truly seismic, and the meme coin sector might not survive it.
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 Conditions, Privacy Policy, and Disclaimers have been updated.
Solana (SOL) continues to show strength across multiple fronts, maintaining a bullish structure on its Ichimoku Cloud chart while gaining momentum in key market metrics. The BBTrend indicator has turned higher again, signaling renewed buying pressure after a brief cooldown.
On-chain activity remains strong, with Solana leading all blockchains in DEX volume and dominating fee generation thanks to the explosive growth of meme coins and launchpad activity. With SOL now trading above a key resistance level, the path is open for further upside—though a loss of momentum could still trigger a retest of lower supports.
Solana Maintains Bullish Structure, but Momentum Faces Key Test
On Solana’s Ichimoku Cloud chart, the price is currently above the Kijun-sen (red base line) but has dipped below the Tenkan-sen (blue conversion line), signaling weakening short-term momentum.
The flattening Tenkan-sen and price behavior suggest possible consolidation or the early stages of a pullback. Still, with the price holding above the Kijun-sen, medium-term support remains intact.
The overall Ichimoku structure remains bullish, with a thick, rising cloud and leading span A well above span B—indicating strong underlying support.
If Solana finds support at the Kijun-sen and climbs back above the Tenkan-sen, the uptrend could regain strength; otherwise, a test of the cloud’s upper boundary may follow.
Meanwhile, Solana’s BBTrend is currently at 6, extending nearly ten days in positive territory after peaking at 17.5 on April 14. The recent increase from 4.26 to 6 suggests renewed bullish momentum following a brief cooldown.
BBTrend, or Bollinger Band Trend, tracks the strength of price movement based on Bollinger Band expansion.
Positive values like the current one point to an active uptrend, and if the BBTrend continues to rise, it could signal stronger momentum and potential for another upward move.
Solana Dominates DEX Volume and Fee Generation as Meme Coins Drive Ecosystem Growth
Solana has once again claimed the top spot among all chains in DEX volume, recording $15.15 billion over the past seven days. The combined total of Ethereum, BNB, Base, and Arbitrum reached $22.7 billion.
In the last 24 hours alone, Solana saw $1.67 billion in volume, largely fueled by its booming meme coin ecosystem and the ongoing launchpad battle between PumpFun and Raydium. Adding to this good momentum, Solana recently surpassed Ethereum in Staking Market Cap.
When it comes to application fees, Solana’s momentum is just as clear. Four of the top ten fee-generating apps over the past week—PumpFun, Jupiter, Jito, and Meteora—are Solana-focused.
Pump leads the pack with nearly $18 million in fees alone.
Solana Breaks Key Resistance as Uptrend Targets Higher Levels, but Risks Remain
Solana has finally broken above its key resistance at $136, flipping it into a new support level that was successfully tested just yesterday.
Its EMA lines remain aligned in a bullish setup, suggesting the uptrend is still intact.
If this momentum continues, SOL price could aim for the next resistance zones at $147 and $152—levels that, if breached, open the door to a potential move toward $179.
The current structure favors buyers, with higher lows and strong support reinforcing the trend.
However, if momentum fades, a retest of the $136 support is likely.
A breakdown below that level could shift sentiment, exposing Solana to deeper pullbacks toward $124 and even $112.
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 Conditions, Privacy Policy, and Disclaimers have been updated.
According to a new report, 15 firms and individuals from the crypto industry donated more than $100,000 to President Trump’s Inauguration, totaling over $85 million.
Almost all of these companies apparently received direct or indirect benefits from Trump’s administration. This includes dropped legal proceedings, lucrative business partnerships, participation in Trump’s Crypto Summit, and more.
Crypto Industry Went All-In on Trump’s Inauguration
Since promising to bring friendlier regulations on the campaign trail, Donald Trump attracted a reputation as the Crypto President.
Trump’s Inauguration festivities included a “Crypto Ball,” and several prominent firms made donations for these events. Today, a report has compiled all crypto-related contributions of over $100,000, revealing some interesting facts.
Since taking office, President Trump and his family have been allegedly involved in prominent crypto controversies, and these donations may be linked to several of them.
For example, eight of the donors, Coinbase, Crypto.com, Uniswap, Yuga Labs, Kraken, Ripple, Robinhood, and Consensys, had SEC investigations or lawsuits against them closed since Trump’s term began.
The commission might have dropped its probe against these companies anyway due to its changing stance on crypto enforcement. However, being in the President’s good books likely helped the process.
Further Alleged Benefits for Donors
In other words, nearly half the firms that made donations to Trump’s Inauguration have seen their legal problems cleared up quickly. This isn’t the only regulation-related benefit they allegedly received.
Circle, for example, recently made an IPO after openly stating that Trump’s Presidency made it possible. Galaxy Digital received SEC approval for a major reorganization, a key step for a NASDAQ listing.
Other donors, such as Crypto.com and ONDO, got more direct financial partnerships with businesses associated with the Trump family.
Previously, Ripple’s CEO, Brad Garlinghouse, anticipated a crypto bull market under Trump. Also, XRP, Solana, and Cardano were all unexpectedly included in the US Crypto Reserve announcement.
All three of these companies made major donations to Trump’s Inauguration.
It seems that most of the firms involved got at least some sort of noticeable benefit from these donations. Donors like Multicoin and Paradigm received invitations to Trump’s Crypto Summit, while much more prominent groups like the Ethereum Foundation got snubbed.
Meanwhile, various industry KOLs and community members have already alleged major corruption in Trump’s crypto connections.
While some allegations might lack substantial proof, the crypto space has changed dramatically under the new administration, for both good and bad.
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 Conditions, Privacy Policy, and Disclaimers have been updated.
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Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
