Cryptocurrency
SPX6900 Pumps Another 17%, $3 is Next Target as New Index Meme Coin ICO Raises $2M

The next stage of the crypto bull run is continuing to leave market participants on edge, as Bitcoin and Ethereum bulls fight to push their favorite leading cryptocurrencies back toward their recent highs.
Bitcoin saw a total gain of just over 5% last week (and has now broken $100,000 again), while Ethereum pushed upwards by 8.4%.
In the meantime, a mini alt season has broken out as a range of notable cryptos experienced small recoveries and pumps – with SPX6900 ($SPX) continuing to lead. $SPX has pumped 20% over the past day and is now up 81% from this time last week.
Meanwhile, the “meme coin index” narrative is also driving growth of Meme Index ($MEMEX), which has now raised $2m through its ongoing ICO.
SPX6900 Continues to Shine in the Spotlight
With another 17% gain pumping its price beyond $1.50 over the last 24 hours, SPX6900 might finally be ready to take a breather – or so its daily chart would suggest. This is the kind of chart that every crypto investor dreams about, showcasing a massive parabolic run that unfolded in almost textbook fashion:
Over this weekend, SPX6900 slowed down for the first time as it printed a “spinning top” candle on Saturday, signaling indecision and a battle between bulls and bears. The bulls proved victorious on Sunday, achieving a fresh 14% profit on the day – and this Monday we’re seeing the pump continue once again.
If we zoom into the hourly chart, however, we can see a more detailed picture:
Since breaking through the $1 level, SPX6900 has formed a series of higher lows, then broken out and also formed a bullish ascending triangle. The asset’s trading volume has pulled back, while its RSI (Relative Strength Index) is hovering slightly below the overbought zone with a score of approximately 67.
Put together, these are all cumulative signs of more potential bullish action still to come – so we could easily see SPX6900 explode yet again, passing $1.60. From there, it might well flip that resistance level into support, leaving the bulls in control and another green daily candle on the cards. Considering everything we’ve seen so far, $3 (almost a 2x from SPX’s current price) is shaping up to be a fair target for bullish believers.
hitting $1.5B mcap w/o Coinbase, Binance, Robinhood is a statement
SPX6900 will reach multi billions before your fav memecoin, strongest community in the game.
— Malik (@tiny_malik) January 6, 2025
On the bearish side, a price dip from here would also be reasonable in order to burn off some of that overbought RSI score. A pullback below $1.50 would open up lower price targets like $1.40, $1.35, $1.25, $1.14, or the key psychological support line at $1 – although it’s worth noting the sheer number of potential support levels that SPX6900 established during its big sprint upwards.
Whether $1.60 proves to be the current limit for SPX6900 bulls or not, this asset has still performed amazingly well, with the worst-case scenario currently being an opportunity to buy the dip.
With so much SPX6900 hype spreading across social media, our next token is shaping up to be that now-legendary project’s successor…
Meme Index ICO Raises $2M – the Next SPX6900?
Excited by the prospect of the next big “meme coin index” token, SPX6900 enthusiasts and crypto experts in general have been heavily supporting Meme Index ($MEMEX), one of the world’s very first decentralized trading platforms for meme coin projects of all sizes.
Hitting it big by betting heavily on just one meme coin arguably requires a significant amount of luck, not just effective analysis – and diversifying a portfolio by investing in multiple tokens quickly becomes time-consuming, not to mention potentially confusing.
Meme Index helps to address this issue, as MEMEX holders can easily stake their tokens across “baskets” (indexes) that expose investors to the cumulative price performance of several meme coins at the same time.
This means that if one token’s value drops significantly, other tokens can help to prop up the value of that basket – and if the crypto market pumps into a fresh bullish phase, investors won’t miss out if a few specific tokens outperform everything else.
Degens can dive into the “Meme Frenzy Index” (where the most rewarding and risky tokens can be found), opt for the relatively safe road with the “Meme Titan Index” (the mainstream meme token basket, including the likes of SHIB, PEPE, and of course DOGE), or go for a moderate level of volatility with mixed collections like the “Moonshot Index” and “Midcap Index”.
Given how strongly SPX6900 has pumped this early in 2025, MEMEX looks set to follow up its phenomenal ICO with its own rocket-fuelled price action when it launches on major crypto exchanges.
Meme Index has now raised $2 million through its presale, with analysts expecting greater achievements in the coming weeks, months, and years.
MEMEX tokens are temporarily priced at just $0.0149831, with staking rewards of 1,207% APY awaiting early investors who choose to stake their tokens and generate passive income. Earning extra tokens will enable those investors to acquire additional votes and have a greater say in the future of Meme Index, as MEMEX will also act as the platform’s governance token.
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Cryptocurrency
Ripple (XRP) News Today July 30th

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

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.
Buy the Solana $SOL dip, says the Tom DeMark Sequential indicator! pic.twitter.com/cyE5MR45DY
— Ali (@ali_charts) July 30, 2025
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.
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.
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Cryptocurrency
Ethereum ETF Inflows Soar in July, Outpacing Last 11 Months Combined

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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