Pump.fun will distribute protocol revenue to PUMP token holders: sources

Based on a Whale Alert announcement via X, 2,542,712,471,794 Shiba Inu were sent from an unknown wallet to Coinbase Institutional, worth about $31,651,684 USD.

Moving a large number of SHIB tokens to Coinbase Institutional indicates that bigger investors and institutions are involved in the transaction. As a result, there might be an increase in demand from large token holders, known as whales, and this usually plays a part in affecting prices.

If a large number of investors buy the token, it could lead to a higher price. If other market conditions are positive, SHIB’s price could also rise. So, traders should monitor the situation as it may help them profit over the short term.

Some investors may decide to explore Shiba Inu further if they believe it can be a useful addition to their portfolio in the future. With Coinbase involved in the transfer, it could heighten the coin’s trustworthiness.

With a mystery surrounding the wallet and its owner, there is a chance that a major crypto investor is selling some of their assets. Monitoring how the market responds over the next few days could teach valuable lessons about supply, demand, and the impact of big transactions.

While risks remain, prices can swing both ways. But the potential for gains makes the trend worth watching.

Shiba Inu shows a slight rise in value

TradingView’s chart for the 4-hour timeframe reveals that SHIB rose slightly and is currently trading at 0.000012482, an increase of just 0.10% over yesterday’s price.

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Traders showed their even interest by recording 3.6 billion SHIB in the past 24 hours.

With an ADX indicator of 27.19, the trend for this token was slightly strong. At the same time, the MACD barely changed, and its histogram was at a small loss that rested very close to zero.

This signals that the token’s market is not heavily tilted in favor of the bulls or the bears for now. With no big changes in SHIB’s price, it indicates that it is consolidating for now.

The value of the RSI stands at 40.97, slightly crossing over the neutral level at 37.73. This means, that Shiba Inu can still gain value before being in the oversold area.

Knowing the position of the RSI gives traders the chance to decide if they should stay out of the market or plan their next action.

Exchange-traded fund (ETF) issuers VanEck, 21Shares and Canary Capital sent a letter to the US Securities and Exchange Commission (SEC) urging a return to the “first-to-file” principle of approving ETF applications in the order they were submitted to the regulator.

The companies argued that by failing to abide by the first-to-file principle, the default process for application approval until crypto ETFs debuted, the SEC diminishes healthy competition and hinders financial innovation. The letter reads:

“Continued global leadership of the United States in financial innovation is deeply connected to regulatory frameworks that actively support and reward entrepreneurship, creativity, and genuine innovation,” the letter continues.

The Tron network is seeing a disconnect between smart contract activity and TRX’s rising market value. The underlying asset, for its part, has climbed by more than 12% in the past month amidst a broader market recovery, and is currently trading at $0.275.

As token prices surge, questions are surfacing about whether on-chain fundamentals still matter – or if market sentiment has taken the driver’s seat.Smart Contract Growth Stalls

From 2017 to 2025, Tron’s ecosystem has undergone significant transformation, as reflected in the trajectory of its smart contract activity and the market price of its native token. In its early years (2017-2019), Tron experienced rapid growth. Both smart contract creation and TRX price surged, driven by strong investor interest and network excitement.

However, this early phase was followed by a period of stabilization, where contract deployment and price action flattened. A second wave of growth began in 2019, as the rise of DeFi sparked increased use of smart contracts across the ecosystem. TRX price responded positively, which, according to CryptoQuant, suggested a healthy relationship between on-chain activity and market valuation.

From 2022 onward, this alignment began to break down. While smart contract deployment showed signs of stagnation, as it became “sporadic and less sustained,” TRX’s price continued to rise, particularly through 2023 and 2024.

Such a divergence indicates that off-chain factors, including speculative sentiment or macro market conditions, have become stronger drivers of TRX’s value. Sharp but brief spikes in contract activity during this period are likely tied to isolated technical events or short-lived projects, rather than sustained ecosystem growth.

The ongoing decoupling between developer activity and price raises important questions about the network’s long-term health. While TRX maintains market momentum, the flat trend in smart contract creation could reflect declining developer interest or a maturing ecosystem with fewer novel deployments. The report further stated,

“Sustainable growth in both metrics likely depends on real-world utility and ongoing developer innovation. If the downward trend in contract deployment persists, it may be necessary to investigate what’s driving TRX’s price separation from core on-chain activity.”

While smart contract creation has shown signs of stagnation since 2022, user-level activity on the Tron network continues to rise.User Activity Surges on Tron

The network now averages over 8 million daily transactions. This figure was up more than 30% in the past four months and was largely driven by increased participation in existing services and decentralized applications. This divergence further indicates that while innovation may have slowed, demand for current offerings remains strong.

Additionally, TRX’s monthly transfer volumesurgedto an all-time high in May this year, reaching a whopping $132.4 billion.

Ethereum is up $102.01 today or 4.25% to $2501.35

• Largest percentage increase since May 22, 2025 when it gained 5.37%
• Snaps a two day losing streak
• Down 25.21% year-to-date
• Down 47.89% from its all-time high of $4800.00 on Nov. 9, 2021 (based on 5 p.m. levels)
• Down 32.23% from 52 weeks ago (June 7, 2024), when it traded at $3690.96
• Down 38.24% from its 52-week high of $4050.30 on Dec. 16, 2024 (based on 5 p.m. levels)
• Up 69.08% from its 52-week low of $1479.38 on April 8, 2025 (based on 5 p.m. levels)
• Traded as high as $2528.51
• Up 5.38% at today's intraday high; Largest intraday % increase since May 29, 2025 when it was up as much as 5.75%

Note: The Ethereum price is a 5 p.m. ET snapshot from Kraken

Data compiled by Dow Jones Market Data

The XRP price action is drawing significant attention, as analysts highlight a distinct wave structure suggesting increased volatility ahead. According to technical patterns on the XRP chart, the cryptocurrency could soon face wild fluctuations on its potential path to retesting its all-time high and aiming for the $4 mark. 

XRP Wave Map Lays Out Path To A New ATH

The XRP price is currently trading at $2.13 after enduring a months-long downtrend that has prevented any upward movement toward revisiting all-time highs. However, despite these momentum struggles, a certified crypto and Elliott Wave analyst, XForceGlobal, has boldly predicted on X (formerly Twitter) that XRP is on a clear path toward a $4 all-time high. 

The analyst shared a detailed Elliott Wave chart of XRP, suggesting that while the digital asset is poised for a new ATH, it is also set to face significant volatility on its way to this price high. The chart illustrates a well-defined pattern of corrective and impulsive wave structures that signal both short-term turbulence and long-term bullish potential for XRP.

XForceGlobal’s chart analysis begins by identifying a major correction that unfolded from XRP’s high in January through a low in April. This move is labeled with a complex wave formation, especially a double zigzag (W-X-Y), showing strong symmetry across multiple degrees of wave structures. 

Interestingly, the analyst notes that the precision of these wave structures aligns almost perfectly with classic Fibonacci extension levels on the way down, including the 61.8% and 100% retracements. This indicates that the corrective cycle followed a technically sound and predictable path, leading to the conclusion that the worst of the downtrend may be over, and XRP could be entering a new wave sequence with bullish implications. 

The chart analysis also highlights a critical accumulation zone marked between $1.84 and $2.25. This range coincides with Fibonacci Retracement thresholds and represents a crucial decision point in XRP’s price structure. 

Recently, XRP dipped into this zone and appears to be bouncing off it, potentially setting the stage for the next impulsive wave higher. Based on this setup, XForceGlobal forecasts an initial rally toward the $3.20 and $3.80 zone, followed by a short-term correction and then an eventual push toward a fresh ATH near $4 or higher. 

Analyst Predicts XRP Price In Next 3-6 Months

A crypto market expert identified as ‘Steph is Crypto’ on X has declared that an XRP price explosion is imminent. The analyst shared a chart, predicting that the cryptocurrency could soon skyrocket to a jaw-dropping all-time high of $50. 

Notably, the chart indicates that this bullish projection will only occur after XRP crosses the $2.5 resistance threshold. From there, the path could see a steady ascent through $5, $10, and even $22, ultimately aiming for the ambitious $50 milestone. 

What’s even more striking is the timeline of this bullish forecast—— Steph predicts that XRP could achieve a $50 valuation within just 3 to 6 months. If realized, this would amount to an astonishing 2,280% increase from the current price of nearly $2.1 before the end of the year.