Cryptocurrency
Pepe Price Rebounds After Binance Promo Goes Live, While Sponge V2 Also Continues Rising

Pepe (PEPE) saw its price rebound over 19% earlier today after Binance launched a new promotion on its Simple Earn platform.
This promotion is enticing new demand for PEPE as traders take advantage of increased earnings potential.
Meanwhile, Polygon-based meme coin Sponge V2 (SPONGEV2) has extended its rally yet again – and is now up 126% since launching on February 5.
New Binance Promo Sparks PEPE Price Rally
PEPE’s price pump comes right after Binance, the world’s leading cryptocurrency exchange, launched a new series of promotions for the token.
Binance aims to boost PEPE demand with these promotions, offering both free tokens and higher interest rates.
The first part of the promo involves gifting 700,000 PEPE tokens to the first 50,000 people who learn about the project through an online quiz.
The second part of the promo allows all Binance users to earn up to 9% extra interest on top of the standard rate just for holding PEPE in the exchange’s flexible savings protocol.
Both of these elements incentivize investors to buy and hold more PEPE.
The result is that PEPE has experienced a wave of buying pressure, pushing the token’s price up to $0.00000140 earlier today.
However, since that intraday peak, PEPE’s price has dropped 8% as investors likely took profits.
Lack of Use Cases Presents Challenge for PEPE’s Future
While the promotions might spark short-term interest in PEPE, the token still faces long-term challenges around its utility.
Unlike meme coins on other blockchains like Solana, where integration with DeFi dApps or NFT projects is common, PEPE lacks a clear use case beyond speculation.
This raises the question of whether the token can sustain its value over the long run.
Several Solana-based meme coins with tangible utility have recently outperformed PEPE massively, even without exchange promotions.
For example, based on social media hype alone, dogwifhat (WIF) soared 168% earlier in February.
So, while Binance’s incentives may buoy PEPE’s price temporarily as investors chase short-term profits, the lack of functionality for the token could prevent it from capitalizing on these gains.
Unless PEPE’s developers unveil integration plans or a new business model, its revival may be short-lived.
Sponge V2 Builds Value with Staking, Gaming, & Community After Polygon Migration
While PEPE’s gains may hinge on promotions, other projects are building more sustainable value.
One example is Sponge V2, which has rallied 7% in the past two days.
In contrast to PEPE, Sponge V2 aims for real-world utility through integration with a play-to-earn (P2E) game that’s currently under development.
This racing-themed game will enable players to compete against their friends and earn more SPONGEV2 tokens through ranking on the monthly leaderboard.
As development on the game progresses, the buzz around Sponge V2 is steadily growing.
Additionally, Sponge V2 offers lucrative staking rewards, with the current APY set at over 880%.
Since migrating to Polygon earlier this month, SPONGEV2’s price has climbed 126% as users flock to the token.
More than 50,000 people now hold SPONGEV2 – with this figure rising daily.
The token has also built steady hype on YouTube, with influencer ClayBro speculating that it could have “100x potential.”
While meme coin hype can fade quickly, Sponge V2’s combination of P2E utility, staking rewards, and online community makes it an under-the-radar gem to watch.
Moreover, with the token’s market cap sitting at just $51 million and its fully diluted market cap at $189 million, SPONGEV2 appears attractively priced relative to its potential value.
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Cryptocurrency
Which 3 Trading Pairs Did Binance Just Remove?

TL;DR
- Binance has scheduled the removal of three spot trading pairs for August 15.
- In contrast to the delisting effort, the exchange launched AIO/USDT and XNY/USDT perpetual contracts with up to 50x leverage.
The Latest Amendment
Binance conducts periodic reviews of all listed spot trading pairs and sometimes delists some due to factors like poor liquidity and volume.
Most recently, it announced the removal of ANIME/FDUSD, HYPER/FDUSD, and STO/BNB. The pairs will be effectively scrapped from the platform on August 15.
“Users are strongly advised to update and/or cancel their Spot Trading Bots prior to the cessation of Spot Trading Bots services to avoid any potential losses,” Binance recommended.
The exchange revealed that the delisting does not affect the availability of the tokens on Binance Spot. It said clients “can still trade the spot trading pairs’ base and quote assets on other trading pair(s)” that are available on the platform.
Typically, the withdrawal of support from a crypto behemoth like Binance has a negative impact on the prices of the affected cryptocurrencies. This wasn’t the case here with ANIME jumping by 16% daily, while HYPER and STO posted more modest gains.
Their rallies coincide with the broader resurgence of many of the well-known altcoins. Ethereum (ETH) is up 8% on a 24-hour scale and currently trades above $4,700, while Solana (SOL) soared by 15% to surpass $200.
Other Updates
Earlier this month, Binance announced a zero-fee trading promotion for VIP 2-9 users and spot liquidity providers. The campaign will cover the BNB/USDC, ADA/USDC, TRX/USDC, and XRP/USD trading pairs and will run from August 12 until October 11.
Just a few hours ago, the company launched AIO/USDT and XNY/USDT perpetual contracts with up to 50x leverage. These products allow users to bet on the price of the aforementioned cryptocurrencies without owning them, and have no expiration date.
OlaXBT (AIO) experienced a major uptick of almost 50% shortly after the disclosure. After all, the support from Binance increases the asset’s liquidity and visibility, providing it with a solid reputational boost.
However, Codatta (XNY) headed in the opposite direction. It currently trades at approximately $0.015, representing a 20% decline on a daily scale.
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Cryptocurrency
Ripple’s XRP Eyes $8 as Chart Echoes Legendary 2017 Rally

TL;DR
- XRP reclaims $3.15 support, testing the breakout level that could push the price toward $3.40 next.
- Analysts compare the current XRP rally to the 2017 bull run, projecting a possible surge toward $6–$8.
- Daily transactions have dipped despite price gains, suggesting that fewer but larger trades drive the current market momentum.
Price Extends Gains After Legal Settlement
XRP was trading at $3.3 at press time, up 4% in the last 24 hours and 12% over the past week. Trading volume is about $8.2 billion. The rally follows the conclusion of the long-running case between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), with both sides formally dropping appeals.
Meanwhile, the end of the legal dispute has brought renewed institutional interest. Additional developments have supported sentiment, including Blue Origin adding XRP as a payment option and SEC approval for Ripple’s updated Regulation D exemption, easing certain fundraising restrictions.
Analysts See Path to $6–$8
MikybullCrypto said, “$XRP about to fly to $6–$8 and then cycle top.” The monthly chart shows a breakout from a prolonged consolidation phase, similar to the pattern before the late-2017 rally. The asset has cleared the $2.60–$2.80 zone, while a long-term moving average is trending upward toward the projected target range.
Momentum readings are close to historical highs seen before prior market peaks. In 2017, similar conditions preceded XRP’s cycle high.
$XRP about to fly to $6-$8 and then cycle top
Thanks for playing the 2017 playbook folks pic.twitter.com/kDE8wN26C1
— Mikybull Crypto (@MikybullCrypto) August 13, 2025
Additionally, Crypto Eagles noted XRP has regained the $3.15 support zone after filling a Fair Value Gap (FVG). The asset is now pressing against a descending trend line. A confirmed move above $3.32 could open the way toward $3.40, with $3.40–$3.41 marked as near-term targets.
Maintaining $3.15 as support is viewed as important for sustaining the bullish structure. A drop below it could see the price revisit $3.10 or $3.00.
On-Chain Activity Trends Lower
Data from Glassnode shows XRP processed 1.44 million transactions on August 12. This is well below the early July high of more than 2.2 million. Transaction counts have generally declined since mid-July, even as prices have recovered from early August lows.
This trend suggests that recent gains may be driven more by larger trades and positioning than by an increase in network-wide activity.
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Cryptocurrency
Ethereum (ETH) Within Striking Distance of 2021 Peak Amid Retail Disbelief

Ethereum has witnessed exceptional growth this quarter. It has surged over 8% in the past 24 hours alone to trade above $4,600.
But retail traders remain in “disbelief” as the altcoin edges closer to its all-time high, now just 6.3% shy of the $4,891 record from November 16, 2021.
Retail Fear
Despite the rally, smaller investors have continued selling rather than buying. According to the latest data shared by Santiment, this move echoed a sentiment trend historically linked to price moves opposite retail expectations.
While pullbacks followed extreme greed in June and July 2025, current sentiment is dominated by fear, uncertainty, and doubt even as the leading altcoin logs new highs.
With larger players steadily absorbing the coins sold by smaller holders, the crypto analytic platform believes ETH has little sentiment-based resistance before potentially climbing to its historic peak and exploring new price levels.
Altcoin Vector, for one, observed that Ethereum’s new peak “is only a matter of time,” and when the crypto asset breaks a significant technical barrier, it often sparks a market rotation, where capital flows from Bitcoin or stablecoins into altcoins. This is particularly true for those closely tied to Ethereum’s ecosystem.
The platform revealed that ETH’s breakout is not only bullish for itself but also acts as a catalyst for narratives like Liquid Staking Derivatives (LSDs), DeFi protocols, and ETH-Beta tokens. A weekly close above the all-time high would validate the breakout on a higher timeframe, which could potentially lead to more upside pressure and usher in the “next phase” of the cycle.
Price Targets
Ethereum’s daily transactions have reached a record 1.875 million. This is a “confluence point,” as price approaches a major supply area, while network fundamentals show peak activity. A decisive breakout above $4,750, supported by a steady transaction momentum, could trigger a new price discovery phase.
On the other hand, strong seller defense may lead to short-term consolidation or a pullback toward $3,950.
Meanwhile, Ethereum’s long-term holder sentiment also shifted from capitulation to belief, which can be a sign of early bullish cycle stages. Experts say that reduced selling pressure and stronger holding behavior set a favorable backdrop for price growth. According to crypto analyst Ali Martinez, ETH’s next hurdles are $5,210 and $6,946, respectively.
In terms of other network fundamentals, new smart contract creation hit an all-time high following the Pectra upgrade. As such, continued developer activity, surging DeFi and NFT usage, and record contract growth strengthen the case for Ethereum’s next upward leg toward these resistance targets.
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