Cryptocurrency
BNB Chain Dedicates $900K Liquidity Pool To Support And Develop Meme Coin Ecosystem

[PRESS RELEASE – Dubai, UAE, June 25th, 2024]
BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, today announced “Meme Heroes”, a continued commitment to the growth of the meme coin landscape. Building on the momentum of its Meme Innovation Campaign, BNB Chain will allocate $900,000 for liquidity pool (LP) support to foster the development and growth of high-potential meme projects within its ecosystem. This LP support is an extension of the committed $1 million, aimed at accelerating meme coin innovation on BNB Smart Chain (BSC).
In line with its mission to give back to the community and offer an open, scalable infrastructure, BNB Chain commits to reinvesting all revenue generated from these LPs back into the ecosystem. Any revenues will be directed to two dedicated LP addresses here and here, ensuring ongoing support and growth for meme coins within the ecosystem.
During the Meme Innovation campaign, BNB Chain awarded $100,000 in prizes to support meme coin development, generating participation from developers and meme projects globally. This initiative boosted innovation and highlighted BNB Chain as an ideal network for launching and trading meme tokens with 162 entries, boasting a total trading volume of 507M, and an effective trading volume reaching 499M.
The Meme Heroes campaign aims to improve liquidity, promoting a stable and secure trading environment for users. The criteria for selecting projects include requiring 100% of the LP liquidity to be locked for at least one year or sent to a null address, 10% of the total token supply to be added to the LP, ensuring that the top 10 EOA holders hold less than 10% of the total supply, and encouraging these significant stakeholders to lock or vest their funds over time. Additionally, the token source code should be verified on BscScan or have undergone a security audit. We will comprehensively consider the trading volume, number of token holders, and market capitalization if all other conditions are met.
With its mature infrastructure, security, affordability, vibrant community, and diverse DeFi ecosystem, BSC offers the ideal environment for creating, launching, trading, and exploring meme tokens. Its Ethereum Virtual Machine (EVM) compatibility, low gas fees, and scalability make BSC a preferred choice for developers.
V, Chief Scientist at BNB Chain said: “As a community-led blockchain ecosystem, BNB Chain is dedicated to initiatives that bolster growth and innovation within Web3. This LP support is a public goods event to strengthen the meme coin ecosystem. We believe in the transformative potential of these projects and are excited to further support them.”
Developers and meme projects are encouraged to submit their applications to become eligible for LP support here. Further details on application criteria and the support program can be found on the BNB Chain blog.
About BNB Chain
BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:
- BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.
- opBNB: A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds.
- BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.
Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.
For more, users can follow BNB Chain on X or start exploring via our Dapp library.
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Cryptocurrency
Ripple (XRP) Price Explosion, Shiba Inu’s (SHIB) Potential, and More: Bits Recap July 18

TL;DR
- XRP surged by 60% in the last month, hitting a new historic peak. Analysts predict further gains, with targets up to $10.
- SHIB rose 30% in two weeks, yet 45% of holders remain in the red. Market observers see more upside based on certain chart patterns.
- BTC dipped to $119K after peaking at $123K, but strong ETF inflows and whale activity suggest the bull run may continue.
XRP Reached Uncharted Territory
Ripple’s XRP has been on the crest of the wave recently, with its price tapping an all-time high (on most exchanges and data aggregators) of over $3.60. The asset’s investors had to wait more than seven years for this achievement since the previous peak of approximately $3.40 was registered at the start of 2018.
Meanwhile, XRP’s market capitalization surged well above $200 billion, solidifying the token as the third-largest cryptocurrency and widening the gap with the fourth, Tether’s USDT.
The coin’s massive rally appears to be a combination of multiple bullish factors, including rising public interest, growing network growth, whales’ accumulation, and the recent green light on some important crypto bills in the United States.
Unsurprisingly, crypto X is rammed with users expecting the uptrend to continue in the short term. Ali Martinez believes a weekly close above $3 could open the door for a price ascent to as high as $4.80. Others like Javon Marks were even more bullish, envisioning a rise to the major milestone of $10.
What’s Going on With SHIB?
The second-largest meme coin experienced a 30% price increase over the last two weeks, while its market capitalization briefly exceeded $9 billion.
However, many of its holders await more substantial gains as they remain in the red. Earlier this week, the percentage of SHIB investors sitting on unrealized losses was around 54%, while currently it is 45%. This is so because a lot of holders joined the ecosystem years ago when Shiba Inu’s price was in much better condition.
Still, numerous analysts think the meme coin has the potential to pump much more significantly during this bull cycle. X user CJ claimed SHIB has formed “a pretty epic structure” on its price chart and predicted a massive jump in the near term.
Is BTC Ready for More?
While the leading cryptocurrency exploded to an all-time high of approximately $123,000 on July 14, it cooled off slightly in the following days. As of this writing, it trades at around $119,000, but certain indicators suggest the rally is far from being over.
BTC’s Market Value to Realized Value (MVRV), for instance, currently stands at around 2.36. “Historically, values over 3.7 indicated price top and values below 1 indicated price bottom,” CryptoQuant explained.
The flow of capital toward spot BTC ETFs remains solid, showing huge interest from investors, while the whales’ accumulation efforts can also be added to the bullish factors.
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Cryptocurrency
Stellar Surges 61% Weekly, Peter Brandt Calls XLM the ‘Most Bullish’ Chart

TL;DR
- XLM climbs 61% in seven days, nearing key resistance after strong technical breakout signals.
- Peter Brandt calls XLM the “most bullish chart,” eyes $1 breakout to confirm a multi-year pattern.
- Franklin Templeton tokenizes $446M in U.S. Treasuries on Stellar blockchain, boosting confidence.
Brandt Eyes Breakout Above $1
Stellar (XLM) has gained over 60% in the past week, with the price reaching $0.48 at press time. It is up nearly 5% in the last 24 hours, backed by a 24-hour trading volume of $2.1 billion. The rally has drawn fresh attention after market veteran Peter Brandt described the XLM chart as “potentially the most bullish chart of all.”
Brandt stated that XLM must hold above its April 2025 low near $0.22 and “must must close decisively above $1” to confirm the setup. Until that happens, he said, the chart “will remain range bound.”
Potentially the most bullish chart of all belongs to $XLM
XLM MUST MUST remain above Apr low and MUST MUST close decisively above $1. Until then this chart will remain range bound pic.twitter.com/NZvKLp5SVW— Peter Brandt (@PeterLBrandt) July 17, 2025
Price Structure Builds Toward Key Resistance
Notably, the long-term chart shows a potential ascending triangle along with a cup-and-handle pattern. Both patterns are forming below long-standing resistance at the $1.00 level. That resistance has been tested multiple times since 2018 but has not yet been broken on a closing basis.
XLM’s price is trading above both the 8-period and 18-period moving averages. The shorter-term average has crossed above the longer one, which often signals rising momentum. The ADX is at 45.16, showing that trend strength is elevated.
A short-term resistance area sits near $0.58, according to market analyst CW.
“$XLM is heading towards the sell wall at $0.58. Below that, there is support from the buy wall,” they said.
Stellar Network Sees Institutional Growth
Franklin Templeton recently tokenized $446 million in U.S. Treasuries on the Stellar network. This reflects continued use of the blockchain platform for real-world asset settlement.
In addition, the Stellar Development Foundation also announced new executive hires. José Fernández da Ponte, who previously led blockchain efforts at PayPal, has joined as President and Chief Growth Officer. Jason Karsh, who held roles at Blockchain.com and Coinbase, is now Chief Marketing Officer.
Stellar’s Protocol 23 is set for a mainnet vote on August 14, 2025. The proposal focuses on updates to core features. Ahead of the vote, interest in XLM has increased, with users and developers watching the outcome closely.
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Cryptocurrency
Cardano (ADA) Bulls Target $1.31 After Surpassing $0.85 Mark

TL;DR
- ADA breaks resistance at $0.74 and tests $0.85 as bulls push toward higher price levels.
- Analysts eye $1.18 and $1.31 targets if ADA closes daily above the $0.85 breakout level.
- Open Interest on ADA hits $1.65 billion, setting a new record and showing rising trader confidence.
Cardano Holds Gains Near $0.85 After Breakout
Cardano (ADA) traded at $0.852 after rising 7% in 24 hours and 20% over the week. The move followed a breakout from a long downward trend, with buyers now pushing into higher price zones.
Earlier resistance around $0.74 had held the price in check during multiple attempts this year. That level has now been breached. ADA touched nearly $0.78 last week before a brief pullback, but buyers stepped in again, pushing the price above $0.84 heading into the weekend.
Analysts Watch the $0.85 Level for Confirmation
Crypto analyst Ali Martinez said a daily close above $0.85 could open the way toward $1.31. His view is based on earlier market structure and current momentum. ADA has cleared the $0.68 mark, which may now serve as support if prices remain above it.
A daily close above $0.85 could propel Cardano $ADA toward the next key resistance at $1.31! pic.twitter.com/RVgw3yE9lr
— Ali (@ali_charts) July 17, 2025
Marcus Corvinus noted that ADA has exited a long-term descending channel and flagged $0.77 to $0.82 as the next zone to watch. He added that holding above $0.82 could shift attention to $1.18. On the downside, $0.68 and $0.58 are the nearest support zones in case of any pullback.
Open Interest Pushes Higher With Price
Cardano’s recent gains are backed by rising interest in its futures market. Data from CoinGlass shows Open Interest (OI) on ADA has grown by 16% in the last 24 hours, reaching $1.65 billion, surpassing the previous record high of $1.50 billion set on January 18.
Open Interest reflects capital tied to active trading positions. A steady rise often means traders are committing more capital, which can support ongoing moves. This increase adds weight to the recent price trend.
In fact, with ADA reclaiming the $0.80 range and testing $0.85, traders are focused on whether it can close the day above that level.
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