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5 days ago | 
chainaffairs.com | Andrew Chen |Joe M
Mantra (OM) has plunged over 95% from its March highs above $6, collapsing to under $0.32 as market structure deteriorates and whales continue to exit. The breakdown from a descending price channel triggered a severe capitulation candle, erasing months of gains and pushing the RSI to an oversold reading of 25. Despite faint signs of rising user activity, OM remains mired in a low-volume danger zone with little bullish follow-through.
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6 days ago | 
chainaffairs.com | Andrew Chen |Joe M
Ethereum (ETH) has recently seen its price dip to $2,500 amid a broad crypto market sell-off. However, promising on-chain data, combined with rising institutional inflows into spot Ethereum ETFs and ambitious corporate treasury plans, signal that a rebound to $3,000 could be on the horizon. Despite ETH’s recent rejection at the $2,700 resistance level and a subsequent 9% pullback to $2,500, key on-chain metrics remain optimistic.
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6 days ago | 
chainaffairs.com | Andrew Chen |Joe M
The Sui blockchain community has overwhelmingly approved a pivotal fund recovery proposal. With 90.9% of stakeholders voting in favor, the initiative was fast-tracked to implementation, marking a significant step in the protocol’s efforts to restore user confidence following a damaging exploit. Update – Validators representing 90.9% of stake have said “Yes” in the onchain community vote, and the vote has concluded early.
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6 days ago | 
chainaffairs.com | Andrew Chen |Joe M
Pump.fun has intensified its unloading spree, transferring another 156,425 Solana (SOL) — worth approximately $25.74 million — to the Kraken exchange. This brings its total deposits to 3.49 million SOL, valued at over $640 million. The regularity and scale of these transactions suggest a calculated exit strategy, adding to market unease. According to Market Prophit, both retail and smart money sentiment have turned bearish, mirroring recent price action.
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1 week ago | 
chainaffairs.com | Andrew Chen |Joe M
At the Bitcoin 2025 conference in Las Vegas, Michael Saylor, co-founder and executive chairman of Strategy (formerly MicroStrategy), delivered a powerful message to investors: stay dedicated to Bitcoin (BTC). In his keynote speech titled “21 Ways to Wealth,” Saylor positioned Bitcoin as the ultimate form of capital and urged investors to shift their assets strategically toward the leading cryptocurrency.
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1 week ago | 
chainaffairs.com | Andrew Chen |Joe M
Ethena [ENA] recently formed a bullish pennant pattern near the $0.38 resistance, often seen as a precursor to a breakout. This followed a sequence of higher lows and reduced volatility, suggesting consolidation after a rebound. However, a sudden 9.54% drop to $0.3525 shook bullish confidence. While ENA still trades above the $0.34–$0.35 support zone, momentum has visibly slowed. A decisive move above $0.40 may require a fresh catalyst—possibly tied to renewed user activity or ecosystem expansion.
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1 week ago | 
chainaffairs.com | Andrew Chen |Joe M
BlackRock’s iShares Bitcoin Trust (IBIT) attracted $6.35 billion in net inflows in May 2025, marking its best month since launch. As Bitcoin’s price soared to an all-time high of $111,980, institutional demand surged, pushing IBIT’s assets under management (AUM) beyond $71 billion, according to data from Farside Investors. Institutional investors are increasingly embracing Bitcoin exposure through regulated exchange-traded funds like IBIT.
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1 week ago | 
chainaffairs.com | Andrew Chen |Joe M
A key concern stems from the sharp rise in ETH reserves on Binance, now matching levels last observed before significant sell-offs. When exchange reserves increase, it often signals that traders are preparing to offload tokens, adding to sell pressure. Despite ETH managing to temporarily hold above $2,600, the surge in exchange-held tokens hints at mounting bearish sentiment. This trend is further supported by the latest Netflow data.
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1 week ago | 
chainaffairs.com | Andrew Chen |Joe M
Cardano (ADA) has caught the attention of major crypto players. Over the past week, whales—those with substantial holdings capable of swaying the market—have accumulated more than 180 million ADA tokens. This buying frenzy comes at a time when the market remains volatile, and ADA recently dipped to $0.743 amid broader economic concerns. Despite this dip, the token showed signs of recovery, climbing to around $0.752—a modest 0.32% gain in the last 24 hours, though still down 6.16% over the week.
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1 week ago | 
chainaffairs.com | Andrew Chen |Joe M
As Solana (SOL) closed May with modest gains and limited volatility, investors remain cautiously optimistic heading into June. Despite low institutional interest, retail accumulation and technical indicators suggest that Solana’s price may soon break out—if market conditions align. In May, Solana saw limited institutional inflows, raising concerns about long-term momentum.
