Market
Solana Investigation, Altcoin Season, And More

This week has been super exciting for Solana (SOL) and the broader crypto community. While the week started with rumors about Solana’s criminal investigation, it ended with VanEck filing for a spot Solana exchange-traded fund.
Meanwhile, analysts are also discussing the much-awaited altcoin season. As the market consolidates, institutional investors such as BlackRock retain a high interest in the tokenization of real-world assets (RWA). Binance continues to face regulatory challenges, and it had to turn off copy trading in the European Union (EU) region.
Rumors Suggest Solana Under Criminal Investigation
This week began with unsettling news in the crypto sphere. Influential crypto personality Crypto Bitlord disclosed that Solana might be under criminal investigation.
Following the SEC’s classification of SOL as a security, the timing of this investigation caused ripples of concern among investors. Details about the probe are scant, but the implications could be significant for the altcoin’s future.
“We are hearing rumors that SOL is under investigation and a huge case is about to become public. This has been brewing for weeks now and could not come at a worse time. If what we heard is true, start praying for Solana,” Bitlord noted.
Read more: How to Buy Solana (SOL) and Everything You Need To Know
Top Analysts Predict Altcoin Season’s Start
Bitcoin’s dominance in the market has been undeniable, reaching new all-time highs. However, retail investors are eagerly anticipating the altcoin season.
Analyst Miles Deutscher has observed that altcoins are not keeping pace with Bitcoin (BTC). He suggests that the market is still very much driven by Bitcoin, overshadowing other cryptocurrencies. Moreover, other narratives, such as meme coins, have fragmented the liquidity that would have instead gone to fundamentally strong altcoins.
“This has been a Bitcoin-narrative led cycle… Specific narratives have significantly outperformed (with majors lagging). Memes, AI, and RWA have been the clear leaders so far this cycle,” Deutscher said.
Read more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season

Conversely, CryptoQuant CEO Ki Young Ju sees potential for Ethereum to kickstart the altcoin season, noting its improving market value to realized value (MVRV) ratio compared to Bitcoin.
“Given the current ETF situation, this might be an ETH-only season. Historically, when ETH surges, other alts tend to follow,” Ju wrote.
Binance Disables Copy Trading in the European Union
On the regulatory front, Binance has ended its copy trading services in Europe as the new Markets in Crypto Assets (MiCA) regulations loom. Set to provide uniform crypto regulations across the EU; these rules prompted Binance to direct users to close their copy trading positions by late June 2024.
The MiCA regulation aims to enhance market integrity and investor protection.
Read more: What Is Markets in Crypto-Assets (MiCA)?

BlackRock and Franklin Templeton Spearhead RWA Surge
The market for tokenized US Treasuries has exploded, driven by high interest rates and the appeal of secure, high-yielding on-chain assets. BlackRock and Franklin Templeton are leading this surge and managing the largest tokenized funds.
In fact, tokenized US Treasury products have surged by over 1,000% since early 2023. As of June 26, their market capitalization has hit $1.63 billion. This growth highlights the blending of traditional financial assets with blockchain technology, which promises enhanced liquidity and more efficient transactions.
Read more: What is The Impact of Real World Asset (RWA) Tokenization?

VanEck Files for First Solana ETF in the US
The week also saw a significant development as VanEck filed for the first spot Solana ETF. This filing could pave the way for institutional investors to gain more straightforward exposure to Solana.
If approved, the ETF would represent a significant evolution in Solana’s market status, potentially broadening its investor base and influence. Crypto market maker GSR predicted that the ETFs could drive Solana’s price by up to 9x. While GSR believes that Solana ETF could be next, it says that Cardano (ADA) or XRP ETF approvals might not come anytime soon.
“We can adjust our relative flow estimates under the various scenarios for Solana’s relative size to Bitcoin’s 2.3x increase due to the spot ETFs. Doing so suggests Solana may increase 1.4x under the bear flows scenario, 3.4x under the baseline scenario, and 8.9x under the blue sky scenario,” GSR analysts predicted.
Read more: Solana (SOL) Price Prediction 2024/2025/2030
This Week’s Crypto Top 10
Despite a general downturn in the market this week, with total market capitalization falling from $2.35 trillion to $2.28 trillion, Solana stood out with a notable increase of 10.47%. In contrast, Bitcoin and Ethereum experienced declines. Meanwhile, Toncoin rose in the rankings, surpassing Dogecoin to become the eighth-largest cryptocurrency by market cap.

From regulatory changes and market shifts to significant new potential ETFs, these events are critical in shaping the crypto ecosystem. They reflect broader economic trends and technological advancements, drawing keen interest from diverse stakeholders within the financial ecosystem.
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.
Market
Will XRP Break Support and Drop Below $2?

XRP is down 5% over the past week, struggling to regain momentum as technical indicators flash mixed signals. Its Relative Strength Index (RSI) has dropped below 50, and the price remains stuck within a tight range between key support and resistance levels.
At the same time, the Ichimoku Cloud has shifted from green to red, with a thickening cloud ahead suggesting growing bearish pressure. With volatility compressing and momentum fading, XRP is nearing a critical point where a breakout—or breakdown—seems increasingly likely.
XRP Struggles to Regain Momentum as RSI Drops Below 50
XRP’s Relative Strength Index (RSI) is currently sitting at 44.54, after recovering from an intraday low of 40.67. Just yesterday, it was at 51.30, highlighting increased short-term volatility.
RSI is a momentum indicator that measures the speed and magnitude of recent price changes to evaluate overbought or oversold conditions.
Readings above 70 typically suggest an asset is overbought, while readings below 30 indicate it may be oversold.

With XRP’s RSI at 44.54, it’s currently in neutral territory, showing neither strong buying nor selling pressure.
However, the fact that it hasn’t crossed the overbought threshold of 70 since March 19—over a month ago—signals a lack of sustained bullish momentum. This could mean XRP is still in a consolidation phase, with the market waiting for a clearer direction.
If RSI continues to climb toward 50 and beyond, it may hint at building momentum, but without a breakout above 70, upside could remain limited.
XRP Faces Uncertainty as Bearish Trend Begins to Expand
XRP is currently trading inside the Ichimoku Cloud, signaling market indecision and a neutral trend.
The Tenkan-sen (blue line) has crossed below the Kijun-sen (red line), which is a bearish signal, but with the price still within the cloud, it lacks full confirmation.
The cloud itself acts as a zone of support and resistance, and XRP is now moving sideways within that zone.

Looking ahead, the cloud has shifted from green to red—a sign that bearish momentum may be building. Even more concerning is that the red cloud is widening, which suggests increasing downward pressure in the near future.
A thickening red Kumo often signals stronger resistance overhead and a potential continuation of a bearish trend if the price breaks below the cloud.
Until XRP breaks out decisively in either direction, the market remains in a wait-and-see phase, but the growing red cloud tilts the bias toward caution.
XRP Compression Zone: A Breakout Could Send Price to $2.50 — Or Much Lower
XRP price is currently trading within a tight range, caught between a key support level at $2.05 and resistance at $2.09. This narrow channel reflects short-term uncertainty, but a decisive move in either direction could set the tone for what’s next.
If the $2.05 support fails, the next level to watch is $1.96. A break below that could trigger a steep drop toward $1.61, which would mark the first close below $1.70 since November 2024—a bearish signal that could accelerate selling pressure.
Recently, veteran analyst Peter Brandt warned that a major correction could hit XRP soon.

On the flip side, if bulls regain control and push XRP above the $2.09 resistance, the next target lies at $2.17. A breakout beyond that could open the door to a move toward $2.50, a price level not seen since March 19.
For that to happen, XRP would need a clear resurgence in momentum and buying volume.
Until then, the price remains trapped in a narrow zone, with both upside and downside potential on the table.
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.
Market
Dogecoin Defies Bullish Bets During Dogeday Celebration

On April 20, Dogecoin enthusiasts worldwide united to mark Dogeday, a community-driven holiday celebrating the world’s most recognizable meme coin.
While the festivities showcased the coin’s loyal fanbase and cultural relevance, the celebration failed to spark any meaningful market movement.
Dogeday Fails to Lift Dogecoin Price as Traders Face $2.8 Million in Liquidations
Instead of riding a wave of positive sentiment, Dogecoin was the worst-performing asset among the top 20 cryptocurrencies during the past day.
According to data from BeInCrypto, the token dropped over 2.5% during the reporting period compared to the muted performance of the general market.
This disappointing performance led to roughly $2.8 million in liquidations, with traders betting on an upward price movement losing more than $2 million, per Coinglass figures.

However, even with the lackluster price action, Dogecoin’s relevance in the crypto ecosystem remains undeniable. Launched in 2013 as a parody of Bitcoin, DOGE has grown far beyond its meme origins.
The digital asset is now the ninth-largest cryptocurrency by market capitalization, currently valued at approximately $22.9 billion, according to CoinMarketCap.
Much of its growth can be attributed to high-profile endorsements. Tesla CEO and presidential advisor Elon Musk has repeatedly voiced support for Dogecoin, as has billionaire entrepreneur Mark Cuban. Their backing helped shift public perception of DOGE from a joke to a legitimate digital asset and payment option.
On social media, Dogecoin continues to lead the memecoin narrative. According to CryptoRank, it was the most mentioned memecoin ticker on X (formerly Twitter) in the past month. This visibility continues to fuel both community engagement and investor interest.

Moreover, institutional interest in Dogecoin is also on the rise. Major asset managers, including Bitwise, Grayscale, 21Shares, and Osprey, have submitted filings to the US Securities and Exchange Commission (SEC) seeking to launch spot Dogecoin ETFs.
If granted, these financial investment vehicles could become the first exchange-traded funds centered entirely on a meme coin.
Considering this, crypto bettors on Polymarket put the odds of these products’ approval above 55% this year. This optimism reflects a growing belief that Dogecoin could soon secure a place in mainstream financial markets.
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.
Market
Tokens Big Players Are Buying

Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN). All three have seen a noticeable uptick in large-holder accumulation over the last week, signaling growing interest from big players despite recent volatility.
While ETH and XCN are both coming off sharp corrections, whale buying suggests confidence in a potential rebound. Meanwhile, FET is riding renewed momentum in the AI sector, with whale activity accelerating alongside rising prices.
Ethereum (ETH)
The number of Ethereum crypto whales—wallets holding between 1,000 and 10,000 ETH—has been steadily climbing since April 15. Back then, there were 5,432 such addresses.
That number has now risen to 5,460, the highest count since August 2023. At the same time, the concentration of ETH held by these whales is also hitting new highs, signaling growing accumulation by large holders.
While this can be interpreted as confidence in Ethereum’s long-term value, it also raises concerns about centralization and potential selling pressure if whales decide to take profits.

Ethereum price is currently down more than 19% over the last 30 days. If the correction continues, the price could retest support at $1,535. Losing that level might send ETH toward deeper support at $1,412 or even $1,385.
However, if the trend reverses, key resistance zones lie at $1,669 and $1,749—with a potential push toward $1,954 if bullish momentum builds.
In this context, the growing dominance of whales could act as either a stabilizing force or a looming risk, depending on how they respond to market shifts.
Artificial Superintelligence Alliance (FET)
The number of FET whales—wallets holding between 10,000 and 1,000,000 tokens—increased from 572 on April 13 to 586 by April 19.
This steady growth in large holders points to rising confidence among bigger players. It comes at a time when the broader AI crypto narrative is showing signs of a rebound.
Key AI coins like FET, TAO, and RENDER have all increased over 9% in the last seven days, with FET itself gaining more than 8% in the past 24 hours and 13.5% over the week. This suggests a possible comeback for the artificial intelligence narrative in crypto.

If this momentum continues, FET could push toward resistance at $0.659. A clean breakout from that level could open the door to further gains, with $0.77 and $0.82 as the next potential targets.
On the flip side, if the rally stalls, FET might drop back to test support at $0.54. A breakdown below that could send it as low as $0.44.
With whale activity heating up and the AI sector showing renewed strength, FET’s next move could be a key signal for where the narrative heads next.
Onyxcoin (XCN)
Onyxcoin was one of the standout performers in January, but its momentum has faded in recent months. After a strong bounce—up of over 57% in the last 30 days, the token is now correcting, down 19% in the past seven days.
Despite this pullback, accumulation continues. The number of crypto whales holding between 1 million and 10 million XCN has grown from 528 on April 16 to 541, suggesting some large holders may be buying the dip.

If the correction deepens, XCN could lose support at $0.0165. A drop below that may open the door to further declines toward $0.0139 and $0.0123.
But if the trend flips back upward, the token could first test resistance at $0.020. A strong breakout from there might lead to a move toward $0.027. With whale activity on the rise and volatility returning, XCN’s next move could be decisive.
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.
-
Altcoin21 hours ago
Uniswap Founder Urges Ethereum To Pursue Layer 2 Scaling To Compete With Solana
-
Ethereum17 hours ago
Ethereum Consolidates In Symmetrical Triangle: Expert Predicts 17% Price Move
-
Market17 hours ago
Today’s $1K XRP Bag May Become Tomorrow’s Jackpot, Crypto Founder Says
-
Bitcoin24 hours ago
Analyst Says Bitcoin Price Might Be Gearing Up For Next Big Move — What To Know
-
Altcoin24 hours ago
Expert Reveals Why Consensus 2025 Will Be Pivotal For Pi Network
-
Altcoin19 hours ago
What’s Up With BTC, XRP, ETH?
-
Market14 hours ago
MELANIA Crashes to All-Time Low Amid Insiders Continued Sales
-
Market10 hours ago
1 Year After Bitcoin Halving: What’s Different This Time?