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PENGU Pumping, FARTCOIN Reclaims $1B Marketcap as Flockerz Meme Coin Presale Hits $8.4M

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Although the past seven days saw leading cryptocurrencies and the broader crypto market drop in value, several coins are defying the downturn. While Bitcoin (BTC) faces a red trend today, Pudgy Penguins (PENGU) and Fartcoin (FARTCOIN) are up 12.11% and 15.63%, respectively.

Besides established meme coins, investors are showing their trust in projects that are yet to realize their full potential and Flockerz (FLOCK) is receiving more attention than most. FLOCK has now raised over $8.4 million for the launch of its token and the world’s first vote-to-earn DAO, with only three weeks remaining before its presale wraps up.

PENGU Shows Resilience and Potential for Future Growth

Pudgy Penguins is a Web3-born brand that features NFT collections, merch, and a clothing brand, all themed around penguins. Since 2021, Pudgy Penguins gathered over 552,000 followers on its X (Twitter) page, and the project has recently released its own token, PENGU.

Designed to provide its holders with governance rights and utility, PENGU entered the market priced at $0.003375 on December 17th, but its price immediately skyrocketed to $0.05019 following the distribution of airdrop rewards to the Pudgy Penguins community and NFT owners.

Although profit-taking saw its price drop to the $0.027 level just a day after its launch, PENGU currently stands at $0.034, representing a 573.53% jump since its launch day.

With its explosive entry into the market, PENGU managed to flip BONK and take its place as the 4th largest meme coin. Although BONK retook its place since, PENGU is just $100 million away from flipping it again, and crypto analyst 0xENAS believes it’s capable of getting closer to PEPE in early 2025.

He believes that the launch of Abstract Chain, scheduled to happen this month and developed by Pudgy Penguins, will act as a catalyst that will help propel PENGU to new heights, pointing to a target that exceeds its previous ATH.

Fartcoin Surpasses $1B Market Cap as it Outperforms Most Leading Meme Tokens

Fartcoin entered the market in October 2024, priced at $0.00005908, and reached the $0.02 level by November, with a market cap of $22 million. After crossing the $1 billion market cap milestone for the first time on December 19th, the token reached its ATH of $1.30 the day after, but it halved in value over the next three days.

Although it soared back above the $1 billion market cap during the Christmas rally, fueled by a listing on Binance Futures, it spent most of the second half of December hovering below that level.

Today, Fartcoin crossed above the $1 mark and $1 billion market cap again, which places it well above its 50-day Simple Moving Average (SMA), signaling strong potential for further short-term gains.

Market expert ChartLord believes the previous dip and Fartcoin’s current price are excellent buy zones, predicting the token will soar to the $1.7 mark over the next few days.

The token’s technical indicators support that sentiment, with Fartcoin’s long/short ratio of 1.27 showing a slight preference for long positions among traders. Plus, its 14-day Relative Strength Index (RSI) stands at 57.71, suggesting the token has room for upward movement without being overbought.

New Meme Coin Flockerz Hits $8.4M in Presale – 21 Days Left to Join

Flockerz is preparing for the release of its token and the subsequent launch of its DAO, FlockTopia, which will distribute the world’s first vote-to-earn rewards to those using it to vote on key project decisions.

To become eligible for vote-to-earn rewards, users will need to hold FLOCK and cast their votes, which could turn Flockerz into a community-driven token. Investors can currently get FLOCK with a credit or debit card or swap their ETH, BNB, and USDT for the token, which currently costs $0.0065823.

With 21 days left to join the presale, investors also have plenty of time to stake FLOCK and maximize their investment, and the project currently offers a 327% staking APY.

Popular analyst Nass Crypto, followed by over 1 million YouTube users, has pointed out the strength of FLOCK’s community and robust security, often called the two pillars of a meme coin’s success.

Flockerz currently has over 28,000 subscribers across X (Twitter) and Telegram, and its smart contract’s code has been audited by Coinsult and SolidProof, two security firms that found no threats to investor security.

As the end of FLOCK’s presale nears, its per-token price will increase in the following stages, leaving investors with limited time for a low entry point.

Visit Flockerz Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

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Cryptocurrency

Ripple (XRP) News Today July 30th

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The last few weeks have been quite turbulent for XRP and the company behind it. In this article, we will check the latest updates involving the two and analyze the token’s price dynamics.

Has the Ripple/SEC Battle Concluded?

The major developments in the legal battle between Ripple and the US Securities and Exchange Commission (SEC), more specifically, the company’s court wins, have left some with the expectation that the tussle is over.

Just recently, the American lawyer Bill Morgan said the regulator has not withdrawn its appeal yet. He emphasized that the Commission faces no formal deadline to do so, though it is required to submit a status update to the appeal court by August 15.

The legal contest refers to a court decision in 2023. Back then, Judge Analisa Torres ruled that Ripple’s sales of XRP tokens on secondary markets are not securities. The SEC appealed the ruling, while the company filed a cross-appeal, which was later withdrawn.

Earlier this year, the two parties jointly requested that the appeals be paused to allow time for a potential settlement. The court respected their wish but required the regulator to file a status report by mid-August. Many believe that if the SEC agrees to withdraw its appeal, it could mark the final resolution of the case.

To the uninitiated, it all started in December 2020 when the Commission filed a lawsuit against Ripple, accusing it of conducting an unregistered securities offering by selling XRP tokens. Initially, it sought a whopping fine of $2 billion, while years later, Judge Torres ruled a penalty of $125 million. Moreover, the SEC and Ripple shook hands on an even smaller sum of $50 million.

RLUSD Keeps Progressing

One trending asset within Ripple’s ecosystem is the USD-pegged stablecoin, RLUSD. The product, which officially debuted in December of last year, recently saw its market capitalization soar past $500 million and caught the eye of some major financial players.

As CryptoPotato reported, the asset was recognized by the Dubai Financial Services Authority (DFSA) as a crypto token within the Dubai International Financial Center (DIFC), while the oldest US bank, BNY Mellon, agreed to serve as a custodian for RLUSD.

Meanwhile, the stablecoin’s market cap continued to grow in the following weeks and currently stands at approximately $577.6 million. 

Spot XRP ETF Incoming?

Several XRP exchange-traded funds have popped up in the United States over the past several months. However, all of them are futures-based, and you can check the details here.

The XRP army has been eagerly awaiting the launch of a spot XRP ETF, which is expected to have a more significant impact on the price of the underlying token.

Some of the well-known firms willing to launch such a product include Bitwise, Grayscale, Franklin Templeton, WisdomTree, and more. According to Polymarket, the approval odds before the end of the year stand at around 87%. 

XRP ETF Chances
XRP ETF Chances, Source: Polymarket

XRP Price Outlook

Ripple’s native token exploded to a new all-time high of $3.65 in mid-July, but since then, it has been on a downtrend, currently trading at around $3.08 (per CoinGecko’s data). 

However, some important factors suggest this could be a temporary correction, followed by another rally. Large investors, for instance, have acquired 60 million XRP tokens in the last 24 hours. This shows strong confidence in the asset and could encourage other smaller players to jump on the bandwagon, too. 

The amount of tokens stored on exchanges has been declining lately, suggesting that holders might have moved their funds into cold storage. This, in turn, reduces the immediate selling pressure. 

Last but not least, the number of XRP wallets keeps growing, hinting at solid user engagement and rising interest in the network. The figure reached a peak of 7.2 million on July 21 and is currently inching towards 7.3 million.

XRP Addresses
XRP Addresses, Source: CryptoQuant
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Cryptocurrency

Solana (SOL) Plunges by 10% Weekly, But This Market Signal Says ‘Buy the Dip’

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TL;DR

  • Analysts point to certain indicators that suggest SOL could be poised for a rally in the near future. Some of the biggest optimists believe the price could soar to a new all-time high of $400.
  • SOL’s RSI hovers just above 30, signaling oversold conditions. Combined with increased token withdrawals from crypto exchanges, this could reduce sell pressure and hint at a possible short-term recovery.

Buying Opportunity?

Solana’s SOL has declined by over 10% in the past week, currently valued at around $177 (according to CoinGecko’s data). However, the X user, Ali Martinez, estimated that the TD Sequential indicator has flashed a buy signal.

The analyst isn’t the only one with a bullish stance following the price drop. One X user claimed SOL “is setting the pace,” predicting a pump to as high as $400. 

“Ignore the noise. This isn’t hype, it’s a shift in momentum. Smart money isn’t chasing later – it’s positioning now. Solana season is real,” they added. 

BitBull thinks SOL’s current price performance resembles that of 2023, which was followed by a major breakout. The analyst argued that the activity in the Solana network is still strong, while institutional inflows “are coming.”

“All it needs now is a weekly close above $230, and SOL parabolic run will start,” the X user suggested.

AlejandroBTC stands in the opposite corner, claiming there’s no real momentum, while exit liquidity is “getting thinner by the day.” The analyst forecasted that SOL’s price could continue to plunge, warning investors that the altcoins are not in a bull market. 

Observing Other Metrics

Over the past several months, the shift of SOL tokens from crypto exchanges toward self-custody methods has been more than evident. This results in reduced immediate selling pressure.

SOL Exchange Netflow
SOL Exchange Netflow, Source: CoinGlass

Solana’s Relative Strength Index is the next technical analysis tool we will touch upon. It tracks the speed and magnitude of recent price changes and helps traders identify overbought or oversold conditions. The metric varies from 0 to 100, and ratios around or below 30 suggest SOL could be headed for a rebound, while anything above 70 is considered bearish territory. Currently, the RSI stands at just over 30. 

SOL RSI
SOL RSI, Source: CryptoWaves
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Ethereum ETF Inflows Soar in July, Outpacing Last 11 Months Combined

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Ethereum’s 10th anniversary is proving to be more than symbolic. As the network celebrates a decade since mining its genesis block on July 30, data shows a record-breaking surge in institutional demand.

Spot Ethereum ETFs recorded $5.41 billion in net inflows in July alone, surpassing the combined capital entries of the previous 11 months, which stood at $4.21 billion as of June 2025.

Institutional Investment Pushes ETH Into a New Phase

Data from SoSoValue shows that ETH ETFs have had $9.62 billion in cumulative fund deposits since their launch in July 2024. However, the inflows haven’t been consistent.

After a rocky start, with $483 million in outflows in their first month, the ETFs saw steady growth. They hit 10 figures for the first time in November 2024, when $1.05 billion came into the funds, followed by an even more impressive $2.08 billion the following month.

The first quarter of 2025 was more muted. January and February saw a combined $161.23 million in new capital before a poor showing in March led to more than $403 million flowing out of the ETFs.

Since then, the products have been on a tear, with investment activity growing exponentially month after month, to finally hit $5.41 billion in July. The explosion suggests a shift from institutional caution to aggressive accumulation, with ETH emerging as the clear beneficiary of this sentiment shift.

Data from SoSoValue shows that BlackRock’s ETHA alone now holds $11.39 billion in assets, while Grayscale’s ETHE remains in recovery after $4.31 billion in cumulative withdrawals. Together, these movements have pushed Ethereum ETF assets to $21.61 billion, which is about 4.75% of ETH’s market cap.

Price Momentum Builds as ETH Nears $4K

The price of ETH has also seen a fair amount of growth recently. At the time of writing, it was trading at $3,786, up 3.1% over the past week and 19.6% in the last fortnight despite a 2.4% dip in the previous 24 hours amid profit-taking.

It has also climbed 53.3% across 30 days, moving from around $2,470 to approach the $3,900 range, even briefly touching $3,933 before retracing.

QCP Capital has cautioned that derivatives positioning and overheated funding rates may create near-term resistance around $4,000, yet the structural tailwinds from ETF demand remain intact. If these fund flows persist, Ethereum could not only challenge its November 2021 all-time high of $4,878 but also cement itself as the centerpiece of a potential altcoin-led market cycle.

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