Cryptocurrency
Solana Price Rebounds 9% After Network Outage, While Meme Kombat Presale Nears Conclusion

Solana’s (SOL) price has rebounded over 9% in the past day, recovering from the network outage earlier this week.
The outage, which lasted almost five hours, highlighted concerns about the network’s stability and centralization.
In other news, the Meme Kombat (MK) presale is nearing its conclusion, with early investors having one final chance to acquire tokens before their Uniswap listing.
Solana Outage Causes Brief Turbulence, But SOL Quickly Recovers
Despite the outage on February 6, Solana has shown remarkable resilience in the days after.
Within hours of the network returning online, the SOL token erased all the losses that had been sustained.
This quick recovery highlights the crypto community’s faith in Solana’s long-term viability as a leading layer-1 blockchain.
The outage was linked to complications with the “Berkeley Packet Filter,” a vital component for smooth upgrades and program execution.
This marked Solana’s first major incident of 2024, but it’s the 11th outage overall since the network first launched – with one occurring every two months on average.
While frustrating for developers and network users, the Solana Foundation is conducting a complete post-mortem analysis to uncover the root technical issues and enhance error handling.
However, SOL traders seem undeterred, with spot trading volumes remaining relatively stable in the past 48 hours.
Massive SOL Transfers Suggest Growing Whale Bullishness
In other news, two mammoth SOL token transfers occurred last week that may signal growing institutional interest.
The first, a transfer of 659,283 SOL, worth over $67 million at the time, went from one unknown wallet to another.
However, the second batch has sparked more intrigue, with 150,000 SOL being moved from the cryptocurrency exchange Bybit to an unidentified wallet.
This transfer was valued at around $15.2 million when it was made.
While the recipient’s identity remains unknown, the fact that such a vast amount was transferred off of the exchange has been viewed as a bullish signal.
This is because crypto whales often move their assets off exchanges when they plan to hold them for an extended period rather than engage in short-term trading.
As a result, investor confidence is often buoyed by this type of behavior since it reduces the likelihood of a large SOL sale.
Overall, if these transfers are any indication, high-net-worth players are betting on Solana to be a dominant blockchain for years to come – which could be playing into SOL’s recent price action.
Meme Kombat Enters Final Presale Round Before Much-Anticipated Uniswap Debut
While the spotlight is on Solana once again, some crypto traders are opting to focus on tokens that are outside the blue-chip projects.
Meme Kombat is one of these tokens and has been attracting massive attention during its presale phase.
Capitalizing on the exploding popularity of GameFi, Meme Kombat allows users to bet MK tokens on fights between some of the most iconic meme coin mascots.
Featuring hilarious animated battles, Meme Kombat offers a fun and community-driven experience for new and seasoned investors.
With the presale now in its final stage before MK lists on Uniswap, the token has already amassed a vast online community.
More than $8.3 million in funding has also been raised, which will be used to develop the battle arena and launch viral marketing campaigns for MK.
Several YouTube influencers have also hopped on the bandwagon, touting MK for exponential growth once publicly listed.
For example, analyst Michael Wrubel, who has over 310,000 subscribers on YouTube, stated that it could be the “next 100x gaming meme crypto.”
Whether Wrubel’s bullish forecast proves accurate remains to be seen, but Meme Kombat is undoubtedly ticking all the boxes as a potential hidden gem in the altcoin market.
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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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