What a wild few days it has been in crypto land. Bitcoin has reached another incredible milestone of $123k. Meanwhile, altcoins are having their moment, pumping non-stop. Many traders are glued to their screens, hunting for the next altcoin that has not moved yet. It feels like the good old bull market is back. Hopefully, you are securing some profits while still farming those juicy airdrops. Let’s go through the latest crypto news that could change your strategy. We start with the hottest topic, the Pump Sale.
Pump Sale Closes in Minutes and Trades Around $5.5 Billion
The Pump Sale was a crazy success. Over the weekend, Pump.fun raised $500 million in just a few minutes. Pre-market perpetuals were already trading 80% higher than the ICO price on the same day. Luckily, we had been watching this closely and shared updates early. Hopefully, you managed to join.
Yesterday, the actual token launched on spot markets. It is now trading between a $5 and $6 billion valuation. That is still around 25-50% above the ICO price. You can trade it on spot markets like Blofin, MEXC, or Bybit. If you enjoy leverage, you can also trade perps. Congratulations if you made some profits!
There are also rumors about a potential $PUMP airdrop. No official news yet, but we are keeping our ears to the street.
Airdrop Claims and Updates You Should Not Miss
We always try to keep you updated on the most important airdrop claims. This way, you never miss an opportunity to farm some free tokens. Stay sharp, keep farming, and do not sleep on these claims.
- Arbitrum Yappers Month 1 claim is now live. Make sure to check your eligibility.
- Zeus Network airdrop claim has started, go grab your tokens.
- WalletConnect airdrop for Solana users is available. Do not forget to claim it.
More airdrops will follow soon, so stay connected for updates. Don’t miss the next big airdrop either.
Low Cap Winner: Crypto is Still Useless
A few weeks ago, we highlighted a low-cap meme coin called Useless. It was trading around a $80 million market cap at the time. We rarely highlight such plays, but this one had potential because of the Bonk-Eco trend.
In just three weeks, it surged to over 4.5 times the original price. The token is now listed on spot markets at Blofin and Bybit. Initially, it was only available through perps, but now you can hold it spot.
We personally sold our position around a $320 million valuation, locking in a clean 4x. The coin still looks strong, but we prefer to take profits when possible. It has had multiple dips between 25% and 35%. If it dips closer to 50%, we might jump back in. History shows every big runner gets a major pullback sooner or later.
Bitcoin Sees Profit Taking After Massive Rally
Bitcoin saw a small pullback after hitting a record high of $123,000. It retraced to under $117,000, which is around 5% below its peak. Traders took profits after one of the largest weekend rallies this year.
According to Glassnode, more than $3.5 billion in profits were realized in 24 hours. Most of this came from long-term holders, or whales, who had been holding Bitcoin for over 155 days. They accounted for 56% of the profits.
The price moved so quickly that there is a large gap between $110,000 and $116,000 where little trading happened. This leaves the market open to quick moves either up or down. The UTXO data shows not many Bitcoin holders bought in this zone, making it a weak support area. It is something to watch in the coming days.
Pudgy Penguins (PENGU) Prepares for Next Leg Up
Pudgy Penguins, known as PENGU, had a fantastic week. The token surged over 88% and outperformed most of the market. It is now facing resistance around the $0.030 mark. Hope you caught or trading call last week for a nice 2x.
A big reason for the hype is the upcoming launch of the Pudgy Party multiplayer game. The game is scheduled to go live on Android and iOS soon. This could be a strong trigger for more price action.
If PENGU manages to break $0.030, the next target is $0.037 based on the Fibonacci levels. Technical indicators remain bullish with a Golden Cross forming. The RSI is overbought but momentum is still positive.
The team is also giving away $5,000 in PENGU tokens to five lucky winners. If PENGU fails to break resistance, the key support lies around $0.022. Either way, it is one of the coins to keep an eye on this week.
Final Thoughts
This has been one of the most exciting weeks in crypto this year. Bitcoin made history again, altcoins are pumping, and the airdrop scene remains active. The Pump Sale reminded us how fast things can move. Airdrop hunters have fresh claims to make, and meme coins are back in play.
We will continue to monitor the markets and bring you the latest updates. Keep farming, stay disciplined, and do not forget to take profits along the way. The next few weeks promise even more action in the world of crypto.
If you enjoyed this blog, you may want to check our other crypto news updates.
As always, don’t forget to claim your bonus below on Blofin. See you next time!
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