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Upexi Doubles Down on Solana, Now Holds $381M Worth of SOL

Florida-based Upexi, Inc. has taken another major leap into crypto by purchasing 83,000 Solana (SOL) tokens for $16.7 million at an average price of $201.34 per token. This move boosts Upexi’s total SOL holdings to 1.9 million tokens — valued at over $381 million based on Solana’s spot price of $200.60.

Despite a recent 4.74% dip in Solana’s price to $189.45, it remains bullish. CEO Allan Marshall expressed confidence in growing U.S. crypto regulation, which he believes will accelerate blockchain adoption. He emphasized that Upexi will continue to “HODL” Solana, viewing it as a long-term strategic asset for shareholders.

Traditionally a consumer product company, it is rapidly evolving into a crypto-involved entity. It actively manages a digital asset portfolio, aligning with a broader strategy to diversify its holdings.

This purchase follows its July 15 announcement of plans to raise $200 million via equity and convertible note offerings. At that time, the company aimed to expand its SOL stash from 735,692 to 1.65 million. With this latest move, Upexi has now exceeded its goal — signaling strong belief in Solana’s long-term value and blockchain’s mainstream future.

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Ripple Co-Founder Moves $175M in XRP, Triggers Market Selloff Speculation

Ripple co-founder Chris Larsen has transferred 50 million XRP (worth $175 million) since July 17, 2025, sparking widespread speculation in the crypto space. On-chain sleuth ZachXBT flagged the movements, revealing that $140 million flowed directly into exchange-linked wallets — a red flag for many investors.

The remaining 10 million XRP were moved to two newly created wallets, with no clear explanation from Larsen. These transactions coincided with a sharp decline in XRP’s price, now trading at $3.09, with daily volume soaring above $17 billion.

Social media erupted with mixed reactions. Some users accused Larsen of “dumping” during a downturn, potentially manipulating the market. Others defended him, suggesting the redistribution supports decentralization and might benefit the XRP ecosystem long term.

Prominent X user DigitalG warned that such moves can fuel psychological panic-selling, particularly among retail investors. Still, he remained optimistic, predicting XRP’s long-term value could reach the thousands.

Meanwhile, Ripple CEO Brad Garlinghouse reminded the community to stay vigilant as large transfers often attract scammers. He emphasized that Ripple never promotes giveaways or asks for XRP transfers. As Larsen remains silent, speculation continues around the intent behind this major shift in XRP holdings.

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BNB Hits New All-Time High at $803 Amid Soaring Institutional Demand

BNB, the native coin of BNB Chain, surged 7% in 24 hours and 16% over the past week, reaching a record $803 in early Asian trading on July 23. This rally pushed its market cap past $110 billion, signaling growing investor confidence.

Trading activity has ramped up, with daily volume increasing 12% to $3.2 billion and futures open interest rising 23% to $1.27 billion, according to Coinglass. Derivatives volume jumped 22% to $2.15 billion, highlighting strong speculative interest.

A major catalyst was Nano Labs Ltd, a China-based Web3 firm, which bought 120,000 tokens (about $90 million) via OTC deals at an average price of $707. The company views BNB as a “core strategic reserve asset” and plans to accumulate more.

Technically, it is trading above its 20-day SMA of $704, maintaining a strong uptrend. However, with the RSI at 87.54 and above the upper Bollinger Band, short-term caution is advised. Analysts suggest it could target $850 next, with $900 as resistance, and support near $740 or $705. CoinCodex forecasts BNB may reach $1,100 by November 2025 if institutional interest persists.

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Bitcoin Boost: MARA Holdings Plans $850M Convertible Notes Offering

MARA Holdings announced plans to raise $850 million through a private offering of convertible senior notes due in 2032, targeting qualified institutional investors under Rule 144A. These interest-free notes come with an option for buyers to purchase an additional $150 million depending on market conditions.

Proceeds from the offering will be partly used to repurchase MARA’s existing 1.00% convertible notes maturing in 2026, with up to $50 million allocated for the buyback. The remainder will fund additional Bitcoin purchases, hedging agreements, and general corporate expenses like working capital and debt repayment.

The notes offer flexible conversion options, allowing MARA to convert them into cash, shares, or a combination, at specific windows before maturity. MARA may also redeem the notes for cash starting January 2030 if conditions are met. Investors can request repayment if the stock price falls below the conversion price on January 4, 2030.

To minimize dilution, MARA will enter capped call transactions linked to the offering. The company expects some trading activity around the deal that could influence its stock price. This move underscores MARA’s ongoing strategy to expand its Bitcoin reserves while managing its debt profile, maintaining its position as a major corporate Bitcoin holder.

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Pump.fun Token (PUMP) Plunges Below ICO Price as Whales Dump Holdings

PUMP, the token from meme platform Pump.fun, has crashed below its ICO price of $0.004, now trading at just $0.003739. This decline follows major sell-offs from top whales, including “PUMP Top Fund 1,” who bought 25 billion PUMP tokens for $100 million but has already sent 17 billion to exchanges. Another whale dumped all 12.5 billion tokens, adding pressure to PUMP’s fragile price.

Despite initial hype, the token’s utility remains limited. While Pump.fun pledged 25% of its protocol revenue for token buybacks, the lack of any concrete use case raises concerns. A recent buyback involving 187,770 SOL briefly boosted prices by 17%, but that momentum didn’t last.

The ICO, which raised nearly $600 million in just 12 minutes, became the third-largest crypto fundraising event ever. However, 33% of the supply was distributed instantly, leading to massive early dumps by institutional buyers. DWF Labs and Wintermute have entered as market makers, but their involvement hasn’t stabilized the price.

With trading volume spiking to $722 million in 24 hours, volatility remains high. For now, PUMP’s future depends on consistent buybacks and finding actual utility beyond meme hype.

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Breaking ! Bitcoin: Micheal Saylor’s Strategy Buys $739M in BTC Now Holds Over 607K BTC

Michael Saylor’s Strategy Buys $739M in Bitcoin, Total Holdings Cross 607,000 BTC

Michael Saylor is doubling down on Bitcoin once again. Strategy, the largest corporate holder of Bitcoin, has purchased another 6,220 BTC for $739.8 million, bringing its total holdings to a massive 607,770 BTC, according to an official announcement released today.

Strategy Acquires More BTC Amid Market Stability

The purchase, made between July 14 and July 20, was executed at an average price of $118,940 per Bitcoin. The firm utilized funds raised via at-the-market (ATM) offerings of its MSTR Class A shares and related instruments—STRK, STRF, and STRD.

Michael Saylor took to X (formerly Twitter) to share the milestone, stating that Strategy’s year-to-date BTC yield stands at 20.8%. The company’s total BTC acquisition cost now stands at $43.61 billion, with the average buy-in price across all purchases at $71,756.

“Strategy now holds 607,770 BTC, valued at $71.93B—nearly $28.3B in unrealized gains,” shared Saylor.

Recent Buys Signal Aggressive Accumulation Strategy

This purchase follows last week’s buy of 4,225 BTC for $472.5 million. With the latest additions, Strategy’s Bitcoin portfolio is far ahead of any other public or private entity globally.

Analysts view this as continued conviction from Saylor that Bitcoin remains the best treasury reserve asset, especially as macroeconomic conditions stabilize and institutional inflows strengthen.

MSTR Stock Reacts Positively

Shares of MSTR jumped 2% in premarket trading, reaching $431.95, partially reversing Friday’s 6.23% dip. Over the past month, the stock is up 15% and has climbed 46% year-to-date.

Investment bank TD Cowen recently raised its price target for MSTR from $590 to $680, maintaining a Buy rating, reflecting the company’s strong BTC-backed balance sheet and bullish investor sentiment.

Bitcoin Price Movement

At the time of writing, Bitcoin is trading sideways, with a 24-hour low and high of $116,550 and $119,671 respectively. However, a 40% spike in trading volume in the last 24 hours suggests growing interest—partly driven by headlines like today’s Strategy purchase.

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Dogecoin Futures Hit $4B as DOGE Price Soars 47%—Is a Bull Run Starting?

Dogecoin (DOGE) is back in the spotlight after hitting a new all-time high in futures open interest. According to CoinGlass, DOGE futures open interest has surged to 16.24 billion DOGE, valued at $4.02 billion—an impressive 48% increase this month. This beats the previous record of 14.31 billion set back in January.

In the spot market, its price has jumped 47% this month, now trading above $0.24 after breaking a long-standing downtrend from its December high of $0.48. This breakout, combined with a move above the 200-day moving average, suggests the token may be starting a new bull market cycle.

Traders are clearly bullish, as the futures market shows a surge in leveraged long positions and positive funding rates. This indicates strong momentum, but also sets the stage for increased price volatility in the near term.

With investor confidence growing, its price action is being closely watched. Its breakout above key resistance levels and rising futures activity signal the potential for significant moves ahead, as traders bet heavily on further gains for the world’s favorite meme coin.

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XRP ETF Launch Could Send Price to $4.80—SUBBD Presale Nears $1M as New Altcoin Rises

XRP has surged 25% this week, boosted by excitement around the upcoming launch of the ProShares Ultra XRP ETF (UXRP) on the New York Stock Exchange. Scheduled for July 18, this ETF will offer leveraged exposure to XRP via futures and options, not direct spot holdings. While a true spot ETF remains unapproved, its launch could drive significant trading volume and further strengthen bullish sentiment.

Currently, it is testing the critical $3 resistance level, a key psychological and technical barrier. Popular crypto analyst Ali Martinez predicts that if it breaks past $3 decisively, the price could target $4.80 in the near term. Trading volumes are rising as the token attempts to break out.

However, a retest of $2.65 may occur before a sustained rally. If bulls gain momentum during the U.S. trading session, XRP could push toward the $4 level soon.

Meanwhile, early-stage project SUBBD (SUBBD) is attracting investor attention, raising nearly $1 million in presale. SUBBD aims to revolutionize content sharing for influencers, giving creators control over monetization and platform governance via its $SUBBD token. With over 2,000 creators onboard, SUBBD could see explosive growth once it launches officially.

You might also like: Cardano (ADA) Blasts 30% Weekly as Alt Season Heats Up—Is $2 Next?

Cardano (ADA) Blasts 30% Weekly as Alt Season Heats Up—Is $2 Next?

Cardano’s price has jumped 10% in the past 24 hours to $0.82, marking a 30% rise over the week and 84% over the past year. ADA is riding the current altcoin wave, but indicators suggest its breakout is only getting started.

Cardano recently broke out of a bullish pennant pattern, and technicals like its RSI surging toward 80 and MACD trending higher indicate further upside in the short term. While a brief consolidation may follow, the rally’s momentum appears strong.

Fundamentally, Cardano remains a solid contender among layer-one blockchains. It holds a TVL of $343 million, ranks 23rd on DeFiLlama, and continues expanding its ecosystem with over 2,000 active projects. The upcoming Midnight sidechain and continuous updates from InputOutput are expected to drive further adoption.

Given this backdrop, analysts expect ADA to break $1 in early August and potentially touch $2 by year-end, with some speculating a $3 revisit by July 2025, mirroring past XRP cycles.

Meanwhile, meme coin TOKEN6900 is gaining attention in presale, raising over $600,000 so far. With a retro Internet meme theme and promises of pure viral hype over fundamentals, it’s positioning itself as the next speculative altcoin play for risk-seeking traders.’

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SharpLink Buys 6,377 ETH, Nears $1 Billion Ethereum Holdings After Aggressive Accumulation

SharpLink Nears $1 Billion in Ethereum Holdings After Latest 6,377 ETH Purchase

SharpLink, a Nasdaq-listed sports-tech company, is now among the largest corporate Ethereum holders, following another massive 6,377 ETH purchase this week. The buy, worth approximately $19.56 million, pushes SharpLink’s total Ethereum holdings to nearly 312,000 ETH, valued around $974 million at current prices.

This marks SharpLink’s latest in a streak of large Ethereum buys:

July 15: 24,371 ETH for $73 million
July 7-13: 74,656 ETH for $213 million
Latest purchase: 6,377 ETH for $19.56 million

One notable highlight? SharpLink directly acquired 10,000 ETH from the Ethereum Foundation, underlining its growing role in Ethereum’s ecosystem.

The company’s accumulation strategy, launched after a $425 million private placement led by Consensys and major crypto funds, aims to position Ethereum as its primary treasury reserve asset—similar to MicroStrategy’s Bitcoin strategy.

Over 99% of SharpLink’s ETH is either staked or restaked, generating yield and contributing to Ethereum’s network security.

Ethereum co-founder Joseph Lubin, now its board chair, called the approach a “public market proxy for Ethereum exposure.”

At its current pace, it could soon surpass the Ethereum Foundation itself, which holds about $725 million in ETH. Its aggressive accumulation reflects a larger shift among corporations towards Ethereum as a programmable, yield-generating digital asset.

Investors are watching closely: its stock price jumped 14% in pre-market trading on Wednesday.

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