Nvidia CEO Jensen Huang called Marvell Technology the next trillion-dollar company at Computex on June 2. Marvell shares jumped about 33% in a single session, their biggest one-day gain on record. The move added roughly $56 billion in market value, pushing Marvell above $250 billion.
The endorsement landed as investor Michael Burry warned that Nvidia itself faces concentrated demand and hidden financing risk across the AI buildout.
Huang made a surprise appearance during Marvell CEO Matt Murphy’s keynote in Taipei, spending about 10 minutes on stage. He praised Marvell’s networking and connectivity chips as essential to data centers, where AI workloads run across thousands of linked processors that must share data quickly.
The remark followed Nvidia’s roughly $2 billion equity investment in Marvell, which tied the firm’s custom accelerators and optical networking to Nvidia’s AI factory architecture.
BREAKING: Marvell Technology, $MRVL, extends gains to over +45% in 2 days after Nvidia CEO Jensen Huang says it could become the “next trillion-dollar company.”
Bulls argue connectivity is the next bottleneck in AI systems after raw compute and memory. Marvell builds the switches, optics, and custom silicon that link those clusters, and data center products now drive most of its revenue.
Skeptics counter that Marvell trades at a steep valuation. It also faces strong competition from Broadcom in networking silicon.
“…the next trillion-dollar company,” CNBC reported, citing Jensen Huang.
A single endorsement rarely changes fundamentals, yet Huang’s words carry weight with traders. Analysts have also stayed broadly bullish on Nvidia, reflecting confidence in the wider AI trade.
Michael Burry’s Warning on Nvidia
Michael Burry, known for his role in The Big Short, has taken the other side of the AI story. His firm, Scion Asset Management, bought put options (short orders) on one million Nvidia shares.
Burry flagged Nvidia’s customer concentration as a core risk. He said the top three customers now account for 64% of Nvidia’s accounts receivable, up from 56% the prior quarter and about 33% in 2020.
🚨Michael Burry says Nvidia has 3 big customers and if they stop buying the whole thing is over.
Those 3 customers now account for 64% of Nvidia’s entire accounts receivable.
In 2020 that number was 33%. It jumped 8 percentage points in a single quarter.
He also described much of today’s spending as a temporary benchmarking phase he calls a tokenmaxxing bubble. In his view, that demand looks permanent now, but could fade.
“The conditions for an aggressive fall are as strong as they have been in the history of the stock,” Burry stated.
His thesis points to leveraging hidden across the system. A Moody’s report in February found that Microsoft, Amazon, Alphabet, Meta, and Oracle have $662 billion in future data center lease commitments that are not yet reflected on their balance sheets.
That figure equals roughly 113% of the five companies’ adjusted debt, according to Moody’s. The obligations become real cash costs once the leases begin.
Other signals have added to the caution. Reports of falling H200 rental prices have raised questions about near-term GPU demand.
Strive (NASDAQ: STRV) purchased 2,500 Bitcoins between May 23 and June 1 for approximately $185.2 million, bringing the company’s treasury to 19,000 BTC
The 2,500 BTC purchase was funded almost entirely through the company’s Variable Rate Series A Perpetual Preferred Stock (SATA), with an average cost of about $74,092 per coin.
Is Strive still buying BTC?
An SEC 8-K filing confirmed that Strive raised most of the money used for its most recent Bitcoin purchase through its SATA stock. The company issued 1,754,188 new shares that generated approximately $175.4 million. The remaining $9.8 million came from selling Class A common stock (ASST).
The average price Strive paid per coin was $74,092, which is lower than its previous purchase when it bought 1,109 BTC at about $76,989 per coin. During the latest purchase window, Bitcoin traded below $71,000 at certain points, meaning the treasury firm bought during a price drop.
Strive’s holdings have risen from 16,500 BTC to 19,000 BTC, representing a 15.2% increase in total holdings over a single reporting period. The CEO, Matt Cole, disclosed the deal on X, adding that the company has a quarter-to-date BTC yield of 23.0%, a year-to-date yield of 36.7%, and an amplification ratio of 57.0%.
The 8-K filing also shows cash and equivalents rising from $93.3 million to $137.3 million, even after Strive spent $185 million on Bitcoin. Strive raised about $229 million total from both equity instruments, and the company stated that the higher cash balance helps it maintain an 18-month dividend reserve for SATA holders.
Strategy’s rare Bitcoin sale
Strategy (NASDAQ: MSTR), the largest corporate Bitcoin holder at 843,706 BTC, disclosed that around the same time as Strive’s purchase, it had sold 32 Bitcoins for $2.5 million to fund dividend payments on its own preferred stock, STRC. This is the second time Strategy has ever sold any of its Bitcoin holdings.
Michael Saylor, Strategy’s executive chairman, responded to Cole’s announcement regarding the Bitcoin purchase with a brief endorsement on X, posting “@Strive for Bitcoin.”
Cole previously announced that Strive expects to increase the size of its at-the-market programs by $2.1 billion each for Class A shares and SATA, which would bring total ATM capacity to approximately $5.15 billion. However, the expansion requires amended SEC filings and a certificate of amendment for SATA.
Strive plans to change SATA‘s current dividend payouts from a monthly to a daily basis beginning June 16, in order to smooth out the concentrated buying pressure that currently builds ahead of each monthly ex-dividend date, and potentially reduce the periodic pauses in Bitcoin accumulation that observers have noticed.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It’s free.
President Donald Trump named Federal Housing Finance Agency Director Bill Pulte as Acting Director of National Intelligence on Tuesday. The pick drew immediate celebration from Bitcoin holders tracking his pro-crypto record.
The 38-year-old will keep his FHFA role and chairmanship of Fannie Mae and Freddie Mac. He will dual-hat the positions until a permanent DNI is nominated and confirmed.
Trump Picks Acting DNI
Pulte’s Pro-Crypto Record at FHFA
In June 2025, Pulte ordered Fannie Mae and Freddie Mac to recognize crypto in mortgage assessments. The directive removed any requirement that borrowers liquidate holdings first.
Bill is a great guy who recognizes that the bureaucracy of the intel community must respond to the elected leadership (rather than the other way around). He’ll do great! pic.twitter.com/nlK2tWXZjl
However, only assets held on U.S.-regulated exchanges qualify under the strict custody restrictions attached to the rule.
Federal disclosures list his personal holdings in Bitcoin (BTC), Solana (SOL), and miner MARA Holdings. Spousal crypto exposure reaches up to $2 million.
A Bitcoiner was just picked for DNI role,” cheered David Bailey.
Vice President JD Vance defended the pick in a separate post praising Pulte’s posture toward the intelligence community.
Bill is a great guy who recognizes that the bureaucracy of the intel community must respond to the elected leadership (rather than the other way around),” Vance added.
However, critics highlight Pulte’s lack of intelligence or national security background.
MAJOR BREAKING: Trump just put Bill Pulte, who has NO background in national security, and weaponized government to go after Trump Critics Letitia James, Adam Schiff, and Lisa Cook, in as the Acting Director of National Intelligence.
They note federal statute favors such experience, especially as the crypto market structure debate heats up in Congress. The acting role itself does not require Senate confirmation.
“He appears to have been selected precisely because the White House believes he will provide the narrative it wants, not the intelligence we need,” stated Senator Mark Warner.
OpenPayd has announced a merger agreement with Titan Acquisition Corp. that would list the company publicly on Nasdaq at a valuation of roughly $1.1 billion.
If OpenPayd follows through as planned, it would be a rare sighting of a crypto-linked firm advancing its listing plans after a string of digital asset and fintech companies recently paused or abandoned their own ambitions due to weak markets and falling token prices.
Which crypto firm is listing on the Nasdaq?
OpenPayd and Titan, a special purpose acquisition company (SPAC) trading on Nasdaq under the ticker TACHU, have signed a definitive business combination agreement that would list OpenPayd under the symbol “OP.”
If no Titan shareholders redeem their holdings, OpenPayd stands to receive up to $276 million in gross proceeds from Titan’s trust account to expand its business and strengthen its finances.
The company reported annualized recurring revenue above $85 million as of March 2026 and processes more than $240 billion in annualized transaction volume. OpenPayd’s client list includes eToro, Kraken, and OKX, and it operates across more than 180 countries. The deal values OpenPayd at $1.1 billion.
The boards of both companies approved the deal unanimously. The final closing is expected in the fourth quarter of 2026, dependent on shareholder approval and other standard conditions.
OpenPayd’s CEO, Iana Dimitrova, said that the transaction is a major milestone that shows the strength of the company’s platform. Founder Ozan Ozerk added that he believes the next decade of finance will be driven by autonomous systems, and that going public will give his firm the money and mission to lead that market
OpenPayd’s listing comes as crypto listing plans stall across the industry
OpenPayd’s timing stands out as several major crypto firms have delayed or shelved public offerings this year due to a decline in prices and a lack of investor interest.
Cryptopolitan reported that Consensys, the company behind the MetaMask Ethereum wallet, pushed its planned U.S. IPO to at least fall of 2026 after crypto markets dropped sharply earlier in the year. JPMorgan and Goldman Sachs were working on the offering.
Grayscale, one of the largest crypto asset managers and the firm behind the Bitcoin Trust ETF (GBTC), also paused its IPO preparations and is unlikely to restart before the fourth quarter.
Kraken suspended its own multibillion-dollar IPO earlier in 2026, just months after raising $1.3 billion across two funding rounds that valued the exchange at over $20 billion. Cryptopolitan also previously reported that the hardware wallet maker, Ledger, paused a planned $4 billion listing.
BitGo is the only crypto-native firm to complete a U.S. IPO so far this year. The digital asset custodian raised about $213 million in January, but its shares now trade roughly 36% below the offering price.
Titan CEO Frank Mastrangelo called OpenPayd what he believes to be “the first publicly traded, pure-play global payments infrastructure platform at the intersection of traditional finance and digital assets,” per the joint announcement.
XRP is giving traders a contradiction that separates flow data from actual market control.
The token has been trading around the low-$1.30s after hitting its weakest level in roughly 15 weeks, even as two data points bulls often treat as supportive moved in the other direction.
Spot XRP ETFs have continued to attract money, with cumulative inflows around $1.42 billion, while late-May exchange-flow data showed more than 25 million XRP moving off exchanges after a prior inflow.
That combination would normally invite a simple accumulation case. Less XRP on exchanges can mean less immediately available sell-side supply. ETF inflows can show that regulated wrappers are still drawing capital.
Yet price action points to something colder: neither signal has been enough to stop sellers from setting the marginal price.
CryptoSlate’s XRP market page showed the asset near $1.30 on June 1, with a market cap around $80.87 billion and roughly $1.62 billion in 24-hour volume.
The token remains a top-five crypto asset by market value, but that size has not protected it from a market where rebounds are still being sold.
ETF demand remains indirect
The ETF side of the story has the clearest bullish potential.
SoSoValue data puts late-May spot XRP ETF inflows at roughly $11.8 million on May 29, taking cumulative net inflows to about $1.4 billion. Investor demand for XRP exposure through regulated products has continued during the latest drawdown.
ETF inflows are separate from immediate control of the spot market. They show that capital is entering a wrapper. They do not prove that enough aggressive buying is hitting exchange order books at the moment sellers are pressing sell orders through the market.
XRP has already spent much of May showing the same disconnect.
A recent analysis of XRP’s bullish signals found that ETF inflows, exchange withdrawals, and rising ledger activity had built a constructive setup, while price action still failed to follow.
The June 1 low moves that setup forward from a stalled bullish case to a clearer test of whether those flows can support the token before traders give up on the support zone.
Signal
Bullish case
Offsetting pressure
Spot XRP ETF inflows
Regulated-product demand remains visible
Wrapper demand has yet to overpower spot selling
Late-May exchange outflows
Less XRP may be available for immediate selling
The flow followed a large exchange inflow and covers a short window
XRP still near the top of market rankings
Liquidity and attention remain deep relative to most altcoins
The token is still near a 15-week low
Prior accumulation signals
Bulls can argue that supply is being absorbed
Price keeps treating rebounds as sell zones
The table shows the risk in reading ETF demand in isolation. Each constructive signal has a plausible bullish interpretation, but each also has an offsetting pressure that carries more weight for price right now.
What traders need to ask now is whether those flows are strong enough, direct enough, or immediate enough to change who controls spot trading.
Santiment showed a 22.80 million XRP exchange inflow before the balance reversed, with about 25.24 million XRP moving off exchanges in late May.
The second part of that sequence can look constructive. Coins leaving exchanges often reduce the supply available for fast selling and can point to custody, accumulation, or positioning away from trading venues.
In a stronger market, such a move could help confirm a bounce.
A 22.80 million XRP inflow shows that meaningful supply had also moved toward exchanges before the reversal.
The outflow that followed carries weight, but it leaves the earlier sign of sell-side pressure in the picture. It also cannot prove by itself that buyers are willing to absorb spot supply at higher prices.
The price response shows why the distinction counts. If XRP moves off exchanges and the price still falls to a multi-month low, visible exchange balances are only one part of the pressure.
Spot demand, order-book depth, leverage, and trader confidence can all carry more weight in the immediate window.
CryptoSlate’s XRP data also shows why centralized exchange behavior can be impactful: XRP’s 24-hour CEX volume was around $1.62 billion, compared with DEX volume of about $1.4 million.
For this market, the main price signal is still being formed on centralized venues, so exchange flows and liquidity conditions are where the ETF and accumulation narratives meet live selling.
The sell-zone pattern has been building for months. An earlier analysis found that XRP losses were forcing late buyers out and turning rebounds into fresh selling areas.
The latest low suggests that behavior has not fully cleared. Outflows can reduce potential supply, but they cannot repair sentiment if traders keep using every bounce to exit.
The strongest explanation for the contradiction is market structure.
XRP can keep some bullish signals and still leave sellers in control when liquidity is thin enough, and spot conviction weak enough, for marginal selling to push through supportive flow headlines.
A recent look at XRP liquidity found that Binance’s 30-day XRP liquidity index was near 0.043, its lowest level since January 2020, while all-exchange open interest hovered near $2.9 billion and futures volume ran at about 6.8 times spot volume.
Under those conditions, price can move sharply even when the broader story contains bullish data points.
Thin liquidity changes how flow signals should be understood. In a deep market, ETF inflows and exchange outflows may help absorb selling pressure over time.
In a less liquid market, a smaller burst of spot selling can still move price, especially if derivatives activity is high and traders are leaning on the same levels.
Broader ETF rotation is less important here than it might look at first. XRP inflows have stood out at times while Bitcoin and Ethereum products faced pressure, and CryptoSlate has covered that ETF rotation.
Relative ETF strength is different from outright price strength. XRP can attract capital through one channel and still fall if the spot market is weaker, less liquid, or more leveraged than the inflow headline suggests.
For now, the next test is price, rather than another bullish data point. Buyers need to make the supportive flow signals visible in the chart.
A recovery through the low-$1.30s and a reclaim of the $1.34 area would show that buyers are finally absorbing visible sell pressure.
A loss of the $1.31 area while ETF inflows and exchange outflows remain constructive would strengthen the opposite case: XRP can have institutional wrapper demand and apparent accumulation without giving bulls control of the spot market.
So there is still a contradiction here. The flows say some capital is still moving toward XRP. The price says sellers are still winning.
Bitmine (BMNR) has once again purchased ETH this week, acquiring 26,497 ETH for about $53 million, a massive 75% cut from its last weekly purchase of 120,000 ETH. This comes amid dips in the company’s stock in addition to a drop in Ethereum’s market performance in the past week.
The approximately 75% reduction in buying pace comes as BMNR shares have fallen 38% over the past year, trading near $19.27, with a slip in Ethereum itself by almost 1.8% over the past 24 hours to roughly $1,980.
Bitmine approaches 5% target
Bitmine’s total Ether holdings now sit at about 5.42 million tokens, or 4.49% of the entire network’s circulating supply of about 120.7 million ETH, the company said. That puts the firm at about 90% of the way toward its well publicized goal of controlling 5% of ETH’s total supply.
Chairman Tom Lee, who is also Fundstrat’s co-founder, has mentioned repeatedly that the deceleration in ETH purchases are intentional. At Consensus 2026 in Miami last month, Lee said Bitmine planned to reduce its rate of accumulation as it closed in on the 5% threshold, as previously reported by Cryptopolitan.
“In our view, ETH prices are not reflecting the strengthening of Ethereum fundamentals,” Lee said in Monday’s statement. “But then again, this is not surprising given we are in the early stages of crypto spring.”
The company has purchased more than one million ETH since January, making it the largest publicly traded Ethereum treasury firm by holdings.
Bitmine’s portfolio and staking plans
Bitmine reported total crypto and cash holdings of $11.6 billion as of May 31, holding 203 Bitcoin, $446 million in cash, a $180 million stake in Beast Industries, and a $93 million position in Eightco Holdings (ORBS) beyond its total ETH holdings.
Staking has become a massive revenue stream for Bitmine, as about 4.7 million tokens of Bitmine’s 5.4 million ETH have been staked through its MAVAN platform. This makes the company the largest Ethereum staker globally. The firm estimates an annual staking revenue of $258 million currently, with projections reaching $300 million by the end of 2026.
Markets have been negative
This ETH purchase slowdown has also come during a rough stretch for the general crypto markets. Bitcoin dropped by about 2.5% and briefly fell below $72,000 after Michael Saylor’s Strategy (MSTR) disclosed its first BTC sale since 2022, selling 32 coins for $2.5 million to cover dividend payments.
Retail traders on Stocktwits also expressed frustration regarding BMNR’s stock decline, comparing its poor performance to Hyperliquid Strategies (PURR), whose stock was approaching a record high as Hyperliquid’s native token topped $74 and entered the top 10 cryptocurrencies by market cap.
Bitmine needs to purchase roughly another 61,000 ETH to hit the 5% total ETH supply ownership mark. At last week’s buying pace, that would take the company about two weeks. This means the firm is right on the cusp of its 2026 goal, and it is yet to be seen how this would positively or negatively impact the BMNR stock price.
Hyperliquid (HYPE) should be valued against the $600 trillion global asset market, not crypto’s $3 trillion universe. That is the case Bitwise Chief Investment Officer Matt Hougan made for the fast-growing perpetual futures platform.
Hougan said BHYP, Bitwise’s spot Hyperliquid ETF, has pulled in close to $60 million since its mid-May NYSE debut. He called it the strongest single-asset crypto ETP launch since Bitcoin.
Bitwise CIO Says Hyperliquid Is a Gen 2 Token
Hougan said HYPE differs from prior exchange tokens. The platform routes nearly all trading fees into buybacks.
“I think it’s going to take investors a while to realize that this is a Gen 2 token. Like it’s a new version. It’s not like the past,” he noted during a Friday interview with Nate Geraci.
HYPE traded near $68 on Saturday, up 10% in 24 hours. It ranked 11th by market cap, per BeInCrypto data.
Hougan framed Hyperliquid as a fintech application, not a crypto play.
“This is not a crypto app. This is a financial app that uses crypto in the back end to create a new financial experience that in many ways is better than the traditional system.”
When it comes to excuses from the front office, Jets fans have heard it all. The beleaguered New York franchise continues to hold the longest playoff drought of all major-league men’s sports teams, a situation which has been blamed on everything from management and coaching to players and locker room culture. Fans have likewise heard all the promises of hare-brained schemes sold as the team’s salvation, from the short-lived Sam Darnold rebuild to the infamous Aaron Rodgers gamble.
Now, the organization has hatched a new plot to snap their historic dry spell: going all-in on AI.
New reporting by the Sports Business Journal revealed the Jets front office has been making a concerted push to embrace AI in their day-to-day work. According to Iwao Fusillo, the Jets’ recently appointed chief data and analytics officer, roughly 91 percent of front office staffers are now daily users of Microsoft Copilot.
“I call that level one, or horizon one, which is adoption,” Fusillo told Sports Business. “Do we have large business gains from that level one? Not really. But have we changed the culture of the entire front office? Yes. To think AI-first.”
During department-level AI workshops led by the digital consulting firm Next League, Sports Business reports staffers “generated” a whopping 60 ideas about where to deploy AI throughout the front office, and “probably double that” for the football side.
Of course, the real question is whether any of those ideas were good. Writ large, it remains a mystery how simply adopting AI is supposed change the depressing reality of life in the Jets organization.
The AI initiative and Fusillo’s appointment are the brainchild of Jets owner Woody Johnson, great-grandson of Robert Wood Johnson, founder of the eponymous Johnson & Johnson. Often described as easily influenced by agreeable toadies and public sentiment, the Jets mogul evidently isn’t aware that the infamously sycophantic tech will probably just tell him whatever he wants to hear. Johnson’s long-suffering fanbase, however, lacks that particular feature.
“Jets finally acknowledging they need to outsource for intelligence as there is none in the building itself,” one Redditor quipped. “We’re going 0-17,” afan wrote on X-formerly-Twitter.
“Lol I asked ChatGPT [to] ‘make the Jets a Superbowl contender’ and the short of it was literally just get rid of any and everybody from the Jets,” one New York Giants fan shared in a Reddit post. “Some of its top recommendations were to change the coaching staff completely and somehow get a top 10 offense by year two.”
Silver (XAG/USD) slipped 2.1% on Thursday to trade near $73, putting bears within striking distance of the $71 swing low. A break would expose the long-term 0.618 Fibonacci retracement at $69.
Meanwhile, the daily Relative Strength Index (RSI) tests an ascending trendline that has guided momentum since late March. Traders now wait to see whether buyers defend the line or surrender it.
Silver Price Tests $71 Support on Daily Chart
The daily chart frames the setup clearly. Silver broke above a steep descending trendline on May 7. Price retested it as support on May 8, 19, and 20. It now approaches the trendline for a fourth test.
A hold at $71 would preserve the bullish reclaim and keep the door open to a retest of $83 resistance. Beyond that level, the 0.382 Fibonacci retracement at $89 becomes the next upside target.
A loss of $71 changes the picture entirely. The next major buyer interest sits at the long-term 0.618 Fibonacci near $69. The market last saw that zone during the February crash to $63.
The confluence at $71 makes this level the most important on the chart. It stacks the swing low, the descending trendline retest, and the gateway to deeper Fibonacci support into a single zone.
Daily RSI Clings to Its Ascending Trendline
The momentum picture mirrors the price chart. On the daily timeframe, RSI sits at 43. It presses directly against an ascending trendline that has guided every dip since late March.
That trendline acted as the springboard for the rally that lifted silver toward $86 in mid-May. A clean bounce from this level would keep the neutral-to-bullish structure intact.
A break, however, would mark the first failure of the trendline in two months. Such a loss would suggest daily momentum has flipped, opening the door to deeper declines over the coming weeks.
The 43 area also matters because it capped previous corrections in March and April. A third bounce from this zone would extend the multi-month base.
For now, both bulls and bears wait for confirmation.
XAG/USD 4-Hour Action Points Toward $71
The zoomed-in view leans bearish. The 4-hour XAG/USD chart shows Bollinger Bands expanding sharply as price slides toward the $71 floor. Such expansion typically signals strong directional conviction behind the move.
The most recent 4-hour candle closed at $73.16, with the lower band pushing down toward $72. That band lines up almost perfectly with the recent swing low.
Price already broke beneath the 4-hour middle band on May 27. That move signaled the consolidation around $76 had failed. Sellers have controlled every candle close since.
The 4-hour RSI has also dropped to 36, deep into bearish territory. Sellers would need to lose control above $76 for short-term momentum to neutralize.
Macro pressure adds weight to the bearish setup. Fed rate-cut odds for June have collapsed from 48% to under 8% after the hot April CPI print. That shift lifted the dollar and pressed dollar-denominated metals.
Silver has also lost its safe-haven bid this week as oil prices ease on US-Iran negotiations. That move turns the focus back to industrial demand, which has softened with weaker manufacturing data.
The next move depends on which technical line breaks first, the ascending RSI trendline or the $71 horizontal floor.
Tuesday turned ugly for crypto markets, with a broad wave of selling hitting altcoins across the board, led by Zcash (ZEC), which dropped 11%, World Liberty Financial’s WLFI, which was down 8%, and Ondo Finance (ONDO), falling 7%.
The losses came against a backdrop of rising bearish sentiment in the crowd, which, according to blockchain analytics firm Santiment, has historically happened right before prices rebounded.
Details of the Sell-Off
Santiment flagged the damage in a post on X earlier today, noting drops in Ondo, Zcash, WLFI, and DeXe, among others.
For Ondo, the timing was particularly grim, seeing as the dip came right on the heels of the passing of 32-year-old founder and CEO Nathan Allman. The company announced that longtime President Ian De Bode will take over as CEO. The token is now trading near $0.41, putting its performance in the last seven days up by roughly 9%.
Zcash’s 11% single-day drop was the sharpest among the named losers, although at the time of writing the decline was at about 7.5% in the last 24 hours, with ZEC trading at around $570. For context, the asset is up 60% over the past month and nearly 970% across the last year, so the daily move looks less alarming against that backdrop.
Meanwhile, WLFI’s 8% dip added to a difficult stretch for the token, which hit a new all-time low in late April after crashing 16% in one day. It has had to navigate a controversial lock-up proposal, a lawsuit by Tron’s Justin Sun, and continued scrutiny over ties to the Trump family.
It Wasn’t All Red
Despite the losses mentioned above, the weekly picture looked different for some tokens. For example, NEAR was up more than 55% over seven days, and it was changing hands around the $2.50 level, although it pulled back nearly 8% on Tuesday alone. Another gainer was Hyperliquid’s HYPE token, which went up 25% per Santiment’s data.
However, the week’s standout was RAIN, which hit an all-time high of around $0.012 on Tuesday after climbing almost 55% for the week and over 44% in the last 24 hours alone.
Separate data from Santiment posted on the same day showed that bearish crowd expectations have been building for about 10 days now, with the firm noting that this kind of collective lean toward caution has historically heralded price recoveries, considering that markets tend to move against the crowd’s prevailing mood.
But traders will have to wait and see whether that plays out this time, especially with Bitcoin still stuck below $77,000 and struggling to break above its descending 200-day moving average near $80,000.
