Day: April 26, 2025

TRON Founder Justin Sun Tops TRUMP Holders Leaderboard

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Justin Sun, the founder of Tron Blockchain, has topped the list of TRUMP memecoin holders ahead of TRUMP Dinner for the coin’s top 220 holders.

 

Justin Sun, a renowned crypto heavyweight and the founder of Tron blockchain, has been a huge supporter of President Donald Trump and his projects. In February, Justin recorded a purchase of $75M worth of world liberty tokens to portray his support and belief in Trump’s projects.

Justin has topped the list of TRUMP memecoin holders, increasing his chances of attending the anticipated Dinner with U.S. President Trump for the top 22o holders of his token. According to on-chain data, Sun is holding 1,176,803.002 TRUMP tokens valued at $14.32M, as of press time.

 

Source: X

 

What’s the Market’s Reaction?

Justin’s move to the top of the leaderboard hints at his crypto influence and ambition, blended with his wealth status. However, this has sparked an ethical debate regarding the sale of political access through crypto, which is meant to foster financial inclusion for all.

Despite mixed reactions, most crypto enthusiasts perceive the TRUMP Dinner as a positive influence towards mainstream crypto adoption.

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partyushgoyal

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Bitcoin Balance on OTC Desks Hits an All-time Low

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Bitcoin balance on OTC desks is steadily dropping to an all-time low suggesting the possibility of a major supply shock.

 

The crypto market sentiment has shifted from a bearish momentum, with multiple signs of a bull rally as capital inflow increases. A major bullish signal is the Over-the-Counter (OTC) Bitcoin supply metric. Recent data by Cryptoquant points to a declining OTC supply as large investors, mainly institutional whales, quietly accumulate Bitcoin.

 

Source: Cryptoquant

 

Institutions and large-scale investors use OTC desks for privacy away from exchange scrutiny. With the supply declining, this means fewer Bitcoins are available for large purchases. With rising demand, a supply shock on the market could drive prices high, leading to a bull rally.

A rising demand against the dropping BTC supply in the market motivates holders to acquire more and minimize selling pressure in anticipation of higher gains. The OTC supply metric is not just a chart, but a major market signal for where the market could be headed.

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partyushgoyal

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Greed and Fear Index: Crypto Market Sentiment Turns Neutral

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The fear and greed index is significant in determining the emotional state of investors to establish market valuation.

 

The crypto market has seen unprecedented volatility in the past few weeks, leading to extreme fear, with the values dropping to 19. However, CoinMarketCap has noted a shift in the market sentiment in the past 72 hours. The fear and greed index has surged to 53, a neutral zone value. This data is critical in establishing whether the market is undervalued(fear) or overvalued (greed).

 

Source: CoinMarketCap

 

Historically, the shift from fear to neutral comes before a period of steady market growth and bullish market rallies. This shift is evident in BTC’s rising prices while eyeing the psychological $100k mark.

The current value suggests that the market is not yet overvalued (greedy), has more potential for buying, and the bull rally is likely starting. With rising institutional interest and huge BTC demand from the U.S investors, the market is shifting to a healthier stage.

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partyushgoyal

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Bank of Japan to Launch XRP Payment System in 2025

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The Bank of Japan plans to launch an XRP-based payment system before the end of 2025, signaling massive upward potential for the XRP price.

 

The Bank of Japan has announced plans to introduce XRP-based payment systems in all domestic banks by the end of 2025. 

SBI Holdings, one of the largest financial groups in Japan, is leading this initiative. CEO Yoshitaka Kitao believes that XRP can improve international money transfers by lowering costs and speeding up the process.

Japan is set to use XRP to improve its $6.37 trillion banking sector, introducing faster and more efficient transactions. SBI Holdings is making XRP a bigger part of its company beyond just banking. Shareholders can now choose to receive XRP as a reward in their benefits package.

Projected Impact On XRP’s Valuation

The market is buzzing with predictions about XRP’s future price. Analysts say that if 1% of Japan’s banks adopt XRP, the price could rise to about $3.50. If 10% of banks adopt it, the price could reach around $13.48. 

Currently, XRP is trading around the $2 mark, and analysts are setting its next target at $2.50.

 

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partyushgoyal

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