Well, well, well, it seems cryptocurrency prices decided to take a little nap last week. Why? Oh, just Bitcoin casually bumping its head against a resistance wall at $106,000 and some traders taking a “profitable” nap of their own.
By Sunday, Bitcoin (BTC) was hanging out at $103,000, and Ethereum (ETH) was also feeling a little underwhelmed as it hit an invisible ceiling. Meanwhile, this week’s list of shiny distractions includes Ripple (XRP), Trump Coin (TRUMP), and Zetachain (ZETA). Get excited, folks!
XRP – The New Celebrity in Town: CME Futures! 🎉
XRP’s moment in the spotlight arrives this week, because the CME Group is launching the first cash-settled futures on Monday. You might be asking, “What on Earth is that?” Well, simply put, futures contracts let traders wager on how much an asset will be worth without actually touching it. Kind of like guessing how much the neighbor’s cat weighs without ever meeting the cat.
Now, this launch is BIG because it paves the way for ETFs that track XRP, like the ProShares Bitcoin ETF that loves tracking Bitcoin futures. You can practically hear the cash registers ringing. But XRP’s journey isn’t all sunshine and rainbows. After its high of $2.65, it’s now chilling at $2.4. Will it bounce back? Stay tuned!
Trump Coin – The Coin That Won’t Stop Making Headlines 🍔
Hold onto your MAGA hats, folks, because Trump Coin is making waves as its top holders prepare for a rather *interesting* dinner with the U.S. president on May 22. Analysis shows some of the guests are foreign nationals, including Tron’s Justin Sun. Yes, really. Foreign guests at a dinner where Trump Coin is served—what could possibly go wrong?
Now, here’s the kicker: the price of Trump Coin may dip before and after this dinner. Why? Because it already looks like a chart has fallen in love with the “double-top pattern”—a favorite move for bearish reversals. And, of course, some guests have sold their coins at a sweet profit, so there’s a chance that the dinner could turn into a “sell-off” buffet.
Zetachain – Unlocking All the Things 🔓
Zetachain is the new kid on the block, and it’s not just sitting there. No, no, it’s unlocking tokens like there’s no tomorrow! On Monday, a whopping $11.34 million worth of tokens will be unlocked (5.31% of the total). It’s kind of like giving a kid the keys to the candy store, but instead of candy, it’s crypto tokens.
These token unlocks will continue for a few more years because Zetachain has a circulating supply of 828 million coins, out of a grand total of 2.1 billion. However, it’s not all rainbows and butterflies. The ZETA token has fallen by 18% from its peak this month, and the total value locked in the network is down, from $26 million in January to a mere $18 million today. Ouch.
Oh, and did we mention other projects are unlocking tokens too? Pendle, Melania Meme Coin, Pyth Network, and Solana are all in the token-release game this week. But the Pyth Network unlock is particularly eye-catching: $333 million worth of tokens. No big deal—just 58% of the float!
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2025-05-18 21:10