Axie Infinity to Conduct Scheduled Maintenance on July 3rd

TL;DR

Pullback on the Horizon?

Ripple’s XRP started July on the right foot, with its price rising to as high as $2.30. The uptrend, however, was short-lived, and it currently trades at around $2.17 (according to CoinGecko’s data).

Meanwhile, the decline of certain XRP metrics suggests the asset’s investors may have to endure a more substantial correction in the near future. Data shows that the number of active accounts, the number of executed transactions, and the number of newly activated accounts have headed south in the past few days.

This development points to reduced user engagement and utility in XRP’s ecosystem, which may lead to price stagnation or even a pullback.

Interest in Ripple’s cross-border token has also waned over the past several months. Google searches involving the asset are currently far below the peak levels registered in December last year. This could mean that fewer new buyers are entering the market.The Bullish Signals

Every coin has two sides, so let’s also observe the factors that suggest Ripple’s native token might be on the verge of a renewed rally.

To begin with, XRP investors could gain significantly if a spot ETF receives regulatory approval in the United States. A growing list of major firms – such as Grayscale, Bitwise, Franklin Templeton, 21Shares, and others – have already expressed interest in launching such a product.”

According to Polymarket, there’s a 92% chance that a spot XRP ETF will be greenlighted in America before the end of 2025.

The surge in odds follows the SEC’s recent approval of Grayscale’s request to convert its Digital Large Cap Fund (GDLC) into a spot ETF – a fund that holds multiple cryptocurrencies, including XRP.

Next on the list is XRP’s exchange netflow, which has been predominantly negative in the last several weeks. This indicates that investors have switched from centralized platforms toward self-custody methods, reflecting a reduced immediate selling pressure.

Dogecoin is revisiting a technical juncture it has not seen since the months preceding its 2020–21 parabolic rally, according to a comparative chart published by the pseudonymous analyst Kaleo to his 705,000 followers on X. In the annotated TradingView graphic, weekly candles for DOGE-USD trace two multi-year falling wedge structures—one stretching from the January 2018 high to early 2021, and an almost mirror-image pattern extending from the May 2021 peak until today.

History Repeating For Dogecoin?

The first wedge resolved in late 2020 with a decisive breakout above a descending trend-line that had capped every rally for more than thirty-six months. Kaleo marks that moment with a yellow label reading “We are here” at roughly $0.003, immediately before the price detonated to the cycle top near $0.75 in May 2021.

The current structure shows the same downward-sloping resistance—now anchored by successive lower highs from $0.16 in late 2022 to $0.11 in late 2023—finally giving way. Since the, DOGE has recorded higher highs in April at $0.22 and in December 2024 at $0.48.

Friday’s close printed at $0.1604, still below the psychological $0.20 threshold but fractionally above the dotted secondary resistance that has defined the wedge’s upper boundary since mid-2022. Kaleo’s overlay projects the 2020 breakout trajectory forward in time, mapping a near-vertical thrust from the present $0.16 area to roughly $0.55, a brief consolidation, and a continuation leg that tops close to $3.50.

While this upper target hasn’t ever been printed in DOGE’s history, the analyst’s replica path underscores how little overhead structure exists once price escapes the wedge.

A key role in the chart are playing the two vertical dashed lines labeled “BTC Halving”: 12 May 2020 and 21 April 2024. In Kaleo’s read, Dogecoin’s macro reversals are synchronized with Bitcoin’s quadrennial supply shock, implying that the breakout could be a post-halving echo of the 2020 move.

Price construction within the wedge also mirrors the earlier cycle: successive lower highs and higher lows compress volatility until an impulsive weekly bar pierces resistance. The horizontal line intersecting the new breakout—will be the first major test of post-wedge momentum. Below, the lower dashed boundary intersects in the region between $0.10 and $0.09; a weekly close beneath that floor would invalidate the fractal.

Kaleo distills the setup into a single line: “Dogecoin under 20 cents is free.” On the chart’s scale, the red quote-box at $0.1604 sits a hair’s breadth under the $0.20 psychological band, reinforcing the idea that the risk-to-reward profile remains asymmetric so long as price stays below that number.

Whether history rhymes as precisely as the analyst’s fractal suggests will hinge on broader market liquidity and Bitcoin’s dominance, but from a purely structural perspective the meme-coin has already checked the same boxes it did four years ago. And the US Federal Reserve money printer hasn’t even started roaring again.

At press time, DOGE traded at $0.161.

Fresh speculation about Ripple’s next move has emerged due to unusual patterns in token movement, as revealed by on-chain data and live commentary from XRP trackers. A total of 500 million XRP was unlocked from escrow, of which 400 million were relocked.

According to the latest data, 300 million XRP have been earmarked for on-demand liquidity (ODL) corridors, exchange-traded products (ETPs) and other strategic investments. These tokens are not being relocked and appear ready for deployment. The remaining gap leaves room for an additional 500 million XRP to be unlocked later this month, which would bring the cycle closer to the expected monthly schedule of one billion XRP.

Ripple’s XRP escrow management has become more complex in recent months. While previous years followed a consistent pattern of unlocking one billion XRP and relocking unused portions — often totaling 800 million XRP — the company has recently shifted toward more fragmented and flexible movements.

Since March, Ripple has been using new escrows from existing holdings rather than strictly following the time-locked release structure.

Even though there was a small change this month, the big pattern is still the same. So far, 700 million XRP have been locked for July, which aligns with the projected lock levels for 2025. The current allocation strategy appears to prioritize supporting liquidity operations and investment products over altering the overall supply mechanics.

As of press time, Ripple’s total escrow holdings are around 36.4 billion XRP, which are managed through automated smart contracts. Ripple does not directly hold these funds and reports a separate balance of approximately five billion XRP.

Solana treasury firm DeFi Development Corp. (ticker DFDV) has disclosed the details of its $112.5 million private placement funding operation to purchase SOL tokens, including a financial arrangement called a "prepaid forward" that will offer investors a way to hedge their risk.

According to an announcement on Wednesday, the firm has secured an aggregate principal amount of $112.5 million offering convertible notes — worth approximately $132.2 million if the initial purchasers exercise their full options — which is expected to close on July 7.

The notes carry an interest rate of 5.5% per annum, payable semi-annually, and will mature in 2030. The notes will also feature a 10% conversion premium to the $21.01 closing price on July 1, 2025.

DDC is one of the leading publicly traded firms pursuing an aggressive Solana purchasing program, following in the footsteps of SOL Strategies, which rebranded in 2024. The firm, previously known as the real estate tech firm Janover, also stakes SOL for itself and others, offering a revenue line not unlike Bitcoin mining.

Parker White, chief investment and operating officer of DeFi Dev Corp, recently told The Block’s MK Manoylov that its staking operations could continue the firm’s SOL acquisitions even without raising “another dime of capital.”

DDC rebranded in April after being acquired by former Kraken executives. The firm raised an initial $42 million financing round to acquire its first tranche of SOL tokens. It has also moved into validating projects like Solana-based Dogwithat.

'Prepaid forward'

Convertible notes are a type of short-term debt used by startups that can convert into equity, typically at a discount, during a future financing round. The financial strategy allows investors to fund early-stage companies while deferring valuation until the company matures. Strategy, the firm chaired by Bitcoin influencer Michael Saylor, pioneered the use of convertible notes and other financial instruments to fund his firm’s BTC treasury purchases, like the recently enacted “42/42” plan using debt and equity sales.

As part of DDC’s funding agreement with unnamed investors, the firm will use approximately $75.6 million of the net proceeds to fund a "prepaid forward" stock purchase transaction. The remaining funds will go toward “general corporate purposes, including the acquisition of SOL.” In June, the firm secured a $5 billion line of credit.

“The prepaid forward is expected to allow the investors to establish short positions that generally correspond to (but may be greater than) commercially reasonable initial hedges of their investment in the Convertible Notes,” the firm noted in a release. In other words, it enables the financiers the ability to hedge some of their investment risk by purchasing or selling shares of common stock the day the DDC prices its notes.

DFDV is trading down 9.52% as of press time at around $19.01. The firm held 621,313 SOL, valued at approximately $107 million, at last count at the end of May.

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