Hunt (HUNT) - Farcaster Airdrop - 31 Mar 2025

The listing of AB on Weex, traded against USDT, is a significant step for the cryptoasset, as it increases access to a larger audience of traders and investors. Listings often lead to increased liquidity and can spur price movement as new participants enter the market. The airdrop announcement promising up to 10,000 USDT in $AB further incentivizes trader engagement, potentially leading to volatility. However, as with all new listings, the impact will depend on trader interest and market conditions in the coming weeks. source

The launch of the VSC Mainnet is a major event for Hive and Hive Dollar, as it signals a new beginning for their blockchain ecosystem. Such upgrades typically bring enhancements in speed and security, attracting developers and investors alike. If successful, it can heighten interest and usage, potentially driving up the token's value. The anticipation around this event could see speculative trading increase as traders position themselves for possible gains or declines. However, post-launch, the market will assess the effectiveness of the upgrade. source

PumpSwap, the new decentralized exchange (DEX) from the creators of memecoin launchpad Pump.fun, has processed $10 billion in cumulative volume in its first ten days since officially launching, according to a Dune Analytics dashboard tracking the exchange.

Pump.fun launched the DEX on March 20 to allow successful memecoins to migrate directly to PumpSwap, bypassing Raydium, among the leading Solana-based exchanges and automated market makers (AMMs). Raydium, in January, processed a quarter of total DEX volume, according to The Block's data, more than any other exchange.

PumpSwap's already established itself as a dominant player among Solana DEXs.

Yet on Saturday, PumpSwap processed 67.4% of the volume processed by several major leading Solana DEXs, with Raydium claiming the second-largest market share at 18.2%. No other exchange claimed more than 5% of the market, according to the dashboard.

PumpSwap has generated over $20 million in protocol fees and its liquidity providers have received over $5 million in fees, according to the dashboard. Nearly 700,000 wallets have already accessed the protocol.

Despite the success of PumpSwap, Pump.fun has lately seen volume across its exchange fall as demand for memecoin trading cools. Pump.fun's team has previously teased plans for a native token launch.

Meanwhile, Raydium is working on a memecoin launchpad of its own called LaunchLab, likely intended to compete with Pump.fun, The Block previously reported.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The crypto market is mostly in the red zone today, according to CoinStats.CoinStats">

The price of XRP has risen by 1.30% over the last day.TradingView">

On the hourly chart, the rate of XRP is far from the key levels. Most of the daily ATR has been passed, which means any sharp moves are unlikely to happen by tomorrow.TradingView">

On the bigger time frame, the situation is similar. The price of XRP is trading within yesterday's candle. The volume is low, confirming the absence of buyers' and sellers' energy.

All in all, consolidation in the area of $2.05-$2.20 is the more likely scenario.TradingView">

From the midterm point of view, the rate of XRP is returning to the support level of $1.90. If a breakout of the vital $2 zone happens, there is a chance of an ongoing drop to the $1.60-$1.80 zone.

XRP is trading at $2.1413 at press time.

Stellar (XLM) is showing mild signs of recovery following a two-day decline toward the weekend. At the time of writing, XLM is up 1.01% in the last 24 hours, trading at $0.27.

While XLM’s slight rebound is a positive signal, its sustainability remains uncertain. Stellar started declining since reaching multi-year highs of $0.638 in November 2024. Bulls attempted to revive the uptrend in January this year but met resistance at $0.51, and Stellar has since declined to trade below the daily SMA 50, now at $0.297. Daily Chart, Courtesy: TradingView">

March saw lackluster trading for Stellar, with its price action locked within a range between its daily SMA 50 and 200, currently at $0.297 and $0.28. Although XLM fell below the range in mid-March, the price quickly returned to it.

Fast forward to the present, crypto prices tumbled on Friday following a hotter-than-expected inflation report; Stellar likewise fell, reaching lows of $0.269 in the session. The drop caused XLM to trade below the daily SMA 200 once again. The sell-off continued on Saturday with XLM reaching lows of $0.261 before slightly rebounding.

Will it last?

In the coming sessions, investors and analysts will be looking to see if this price rebound is the start of a recovery or a dead cat bounce in which the price briefly recovers before heading down.

In the short term, market analysts expect the crypto market to be largely impacted by macroeconomic factors, given that there is no crypto-specific trigger to drive price growth. That said, broader crypto market movements might play a role in determining XLM’s direction. Increased buying pressure in the market could cement XLM’s price recovery.

Also, how the XLM price behaves near key support and resistance levels will be closely watched. In this context, a return above the daily SMA 200 at $0.28 would restore XLM to its previous range and prevent further declines. XLM could consolidate a little while longer above here before making its major move.

The daily SMA 50 at $0.297 remains the short-term hurdle, with targets of $0.375 and $0.514 if breached.