blockchainweek

Solana ($SOL ) is experiencing renewed selling pressure, influenced by broader market downturns and large-scale liquidations from memecoin launchpad Pump Fun. On-chain data from Lookonchain confirms that Pump Fun has transferred another 98,000 SOL ($22.27M) to Kraken, marking its second significant deposit in just 24 hours.
This comes after a prior 90,000 SOL ($20.5M) sale, adding to the platform’s total deposits of 1.99M SOL ($407M) on Kraken, with 264,373 SOL already converted into $41.64M USDC. Historically, such massive selloffs have impacted SOL’s price movement, with the latest transactions coinciding with a 3.98% drop, bringing SOL down to $233.
🚀 Will Pump Fun Halt Its Selloffs?
Pump Fun has generated substantial profits, amassing 2.57M SOL ($588.6M) in revenue. However, market analysts suggest that the ongoing legal challenges the platform faces may necessitate further liquidations to manage legal costs. If these sell-offs persist, short-term price fluctuations could continue.
📈 Solana Price Forecast: What’s Next?
Despite the recent rejection at $235, Solana’s broader adoption remains strong, with growing interest in memecoins like TRUMP and MELANIA adding to network activity. Notably, Bitwise maintains a bullish outlook, projecting a $750 price target for SOL in 2025.
Additionally, increased institutional interest and potential ETF developments keep Solana in the spotlight, hinting at a potential long-term rally. While short-term selling pressure remains a challenge, analysts continue to see SOL as a strong contender for future gains.
Will Pump Fun’s sell-offs subside, or will further sales add to the pressure? Share your thoughts below! ⬇️
#Solana #SOL #CryptoNews #Blockchainweek #PumpFun

$XRP

The idea of XRP soaring to $10,000 has sparked intense debate among crypto enthusiasts. Some analysts believe it's within the realm of possibility, while others consider it an overly optimistic fantasy. Here's a look at what’s driving this conversation and why it's becoming a hot topic.
🔹 Shmoo, the co-founder of COINVIRAL, has firmly stated that "$XRP to $10,000 is NOT just a meme," igniting a flurry of discussions across the community.
🔹 Levi Rietveld and Versan Aljarrah have also endorsed this bold prediction, further fueling the conversation about XRP's potential.
🔹 Even Brandon Biggs, a self-proclaimed prophet, claims divine insight is guiding him toward the belief that XRP will hit $10K!
Is $10,000 for XRP Even Possible?
To reach a price of $10,000, XRP's market cap would need to exceed a staggering $576 trillion—significantly surpassing the global wealth of $454 trillion. This would put XRP above Bitcoin, gold, and every other asset on the planet, raising some serious questions about its feasibility.
Why Some Are Optimistic About XRP’s Future:
🔹 CBDC Adoption: Ripple’s work with central bank digital currencies (CBDCs) could lead to significant demand for XRP as a bridge currency.
🔹 Institutional Influence: Some believe powerful organizations, such as the IMF, could set the stage for XRP’s price surge.
🔹 Real-World Use Cases: XRP’s practical applications, especially in cross-border payments, provide a strong foundation for long-term growth.
But Does the Math Add Up?
The idea of one asset surpassing the entire global wealth seems almost too ambitious. Is this a genuine possibility, or just a case of wishful thinking?
💬 What are your thoughts? Do you think XRP can truly reach $10,000, or is this a crypto fantasy? Let us know your opinion below! 👇🔥
#Blockchainweek #Cryptocurrency #MarketCapTop4 #CBDC #CryptoGrowthPotential