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Trump’s Ceasefire Announcement Revives Crypto Market: BTC and Altcoins on the Rise
A surprise announcement following the tensions in the Middle East has brought a spring atmosphere to the crypto markets. Former US President Donald Trump announced that a ceasefire had been reached between Israel and Iran. This development caused sharp increases in many cryptocurrencies, especially Ethereum (ETH), Solana (SOL) and Cardano (ADA), after the sharp fluctuations experienced over the weekend.In a statement he made on the social media platform Truth Social, Trump said, “Iran will officially begin a ceasefire and Israel will join the ceasefire at the 12th hour. At the end of the 24th hour, the world will officially declare the 12-day war over.” Although there was no official confirmation from either government, the markets reacted positively to this statement.ETH, SOL and ADA increased by nearly 10 percentThe most striking increase in cryptocurrencies was experienced on the Ethereum, Solana and Cardano fronts. While ETH climbed above $ 2,400, Solana rose to $ 145 and ADA rose to $ 0.59. These movements represent an increase of approximately 7 percent for each asset in the last 24 hours.The market, which was trying to recover after the liquidation of approximately $600 million in long positions at the beginning of the week, as we reported the other day, has taken on a buying structure again with this new news. Other leading altcoins such as XRP, BNB and Dogecoin also gained between 4 percent and 6 percent. There is a slight relief in the macro outlookThis rise was not limited to crypto assets only. Brent oil fell by 1.8 percent, while US stock futures also turned positive. Although the truth of the ceasefire has not yet been confirmed by the official authorities, investors' risk appetite has started to increase again.SignalPlus research director Augustine Fan said, “We think the market will normalize in a short time and leave the recent geopolitical developments behind. However, the recent increase in Bitcoin purchases and the tendency of corporate companies to create BTC reserves may pave the way for a new correction.” Bitcoin gathers strength around $105,000On the other hand, Bitcoin continues to consolidate around $105,000. The price action in recent weeks shows that BTC remains resilient even in an environment of macro uncertainty. HashKey Eco Labs CEO Kay Lu said, “Bitcoin’s ability to hold above $100,000 indicates that this asset is now mature and different from traditional risk-off signals.” “The renewed momentum of institutional inflows and ETF demand strengthens Bitcoin’s position as a long-term macro hedge.” However, according to some analysts, this rise may be followed by profit taking, especially in tokens that have gained a lot of value, such as ETH. While short-term volatility is likely to continue in the market, it is stated that investors should remain cautious.
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24 Jun 2025
What is Bonk (BONK)?
Bonk Coin is a meme coin that will be launched in late 2022 and will run on the Solana network. In other words, it falls into the category of meme coins that are more fun, community-oriented and spread rapidly on social media rather than “serious” projects in the classical sense. Solana is a blockchain network known in the crypto world for its ability to process tens of thousands of transactions per second and its very low transaction fees. With its fast and cost-effective structure, it offers an infrastructure preferred especially by user-friendly projects. When we compare Bonk to other popular meme coins like Dogecoin or Shiba Inu, we can see some similarities; all of them are fueled by internet culture, community power and plenty of humor.Currently, Bonk's price is hovering around $0.000020. Yes, it may not sound like a big number, but in the crypto world, zeros don't really matter - it's all about potential and the community behind it. And that's where Bonk stands out: as part of a fast-growing, highly engaged community, it's making waves, especially in the Solana ecosystem. In this comprehensive guide, we will specifically answer questions such as “what is bonk coin?”, “when did bonk token come out?” and “who founded bonk coin?”.Definition and Emergence of BonkIn the crypto world, a new coin appears every day, but some of them go beyond being just a “token” and manage to capture the hearts of the community. Bonk is exactly this kind of project. So what is BONK? Born in late 2022 on the Solana blockchain, Bonk (BONK) looks at first glance like a classic meme coin with a fun dog mascot. But when you dig a little deeper, you realize that there's a remarkable story behind it. Bonk is the first dog-themed meme coin on the Solana network. It sometimes comes up in searches for Solana meme coins. Therefore, it is also known with the questions “What is Bonk Solana”. Yes, it may have originated similar to other popular meme coins like Dogecoin or Shiba Inu, but being based on Solana gives it some nice advantages like speed and low transaction costs. The project's motto is also quite sympathetic: “A coin for everyone, made by everyone.” So there are no big investors or giant corporations behind this coin. On the contrary, it has a user-oriented structure that appeals directly to the community.Bonk's birthday December 25, 2022Bonk's official launch took place on December 25, 2022. So, on Christmas Day, BONK coin came on the scene with an airdrop. During this event, exactly half of the total supply (yes, that's right, 50%) was distributed for free to users in the Solana ecosystem. These users included many different groups, such as NFT collectors, DeFi developers, artists, and individual investors. So the coin started with an inclusive spirit from the very beginning. Official announcement for the BONK airdrop. Source: Bonk_inu/X In fact, the timing of Bonk's debut is significant: It came right after the big crash of FTX in November 2022. The Solana ecosystem was severely affected by this crisis and people were looking for trust. Sam Bankman-Fried, the former CEO of FTX who was sentenced to 25 years in prison after the stock market crash, was one of Solana's most vocal defenders. In addition, Alameda Research, the trading arm of FTX, had invested in Solana Labs' initial coin offering (ICO) and was known to hold around $1.2 billion worth of SOL tokens when questions arose about the company's financial health. This raised concerns that projects could exit the Solana ecosystem in the wake of the FTX scandal. At the time, Solana fell to single-digit price levels for the first time in years. It was at this point that Bonk came on the scene and became a source of morale. It aimed to send a message to users: “This system is not just for the big players, it's ours too.” Thanks to its structure that emphasizes decentralization, it attracted attention in a short time. When you take a look at Bonk's technical documents, you see that the project does not have any VC (venture capital) oriented structure. In other words, there are no big investment funds, no minorities getting rich through pre-sales. Everything is prepared with the principle of “fair distribution”. The project aims to grow entirely with the community and this is where the claim of being “everyone's coin” comes from.In this way, Bonk combines the energy of Dogecoin with the technological infrastructure of Solana. This is why it is often referred to as “Solana's Dogecoin” in the crypto world. But of course, technical differences come into play here: Bonk has the advantage of Solana's high transaction speed and low fees, which makes it especially appealing to a new generation of users.Bonk's History: Key MilestonesBonk's story begins in late 2022. On December 25, 2022, a massive airdrop took place and half of the total supply, 50 trillion BONK tokens, were distributed to the Solana community. This was not just an ordinary distribution; it was like a Christmas gift. BONK tokens reached many people, from NFT artists to developers, from investors to active users who are dedicated to the project. As such, Bonk quickly went under the radar and became a project that everyone was talking about.2023 - Solana's apple of Solana's eye: Entering 2023, Bonk had the wind at its back. It quickly gained acceptance within the Solana ecosystem, even some NFT marketplaces (e.g. OpenBook and Orca) started accepting payments with BONK. Users could earn BONK as a reward for staking NFTs on platforms like SolFarm and BonkStake. Solana wallet stars Phantom and Solflare also added Bonk to their support list. Not only that, BONK trading pairs were opened on decentralized exchanges such as Raydium and BonkSwap. All of these developments have meant an expansion of the use cases for Bonk coin, moving it from being a meme coin that people keep in their wallets just to “try it out”.March 2023 - Bonk goes mobile: In the first quarter of the year, Solana's “Saga” smartphone burst onto the scene, and Bonk found its place there as well. In March 2023, a special BONK airdrop was organized for those who bought a Saga phone. So not only did you get a Solana phone, but you also won BONK tokens on top of it, what more could you ask for! Thanks to this campaign, Bonk reached a wider audience and made a lot of noise on social media.It attracted the attention of big players and exchange listings: The rise was not limited to the Bonk Solana integration. Throughout 2023, one by one, major centralized exchanges began listing Bonk. Starting in December 2022, Coinbase and Binance led the wave of listings, followed by Kraken, KuCoin, OKX, Crypto.com and Bybit. Thus, BONK became a token accessible not only to Solana users but also to global crypto investors.2024 - Bonk is everywhere: By 2024, things were well on track for Bonk. Becoming the most popular memecoin in the Solana ecosystem, Bonk became even stronger with numerous integrations. According to CoinDesk, the number of wallets holding Bonk had already exceeded 750,000, with more than 150 integrations. In the meantime, the Bonk DAO was not idle; they decided to burn trillions of tokens to reduce supply. This deflationary move gained the support of the community and contributed to the sustainability of the project in the long run. Bonk was no longer just a “joke” coin; it became a serious asset used in many areas from staking to NFT payments. It's also worth noting that wrapped versions of Bonk are compatible with 9 different blockchain networks, including Ethereum and Binance Smart Chain. In other words, it is not limited to Solana, but has become a globally accessible memecoin with cross-chain support. Some of BONK's integrations. Source: Bonkcoin.com Bonk's journey is a good example of how a meme coin can quickly gain mass traction. The post-launch price action has been just as dramatic: According to CoinMarketCap, in January 2023, the price of BONK increased by over 2000%. Of course, this surge didn't last forever; prices corrected at some point and much of the initial surge was given back. Despite these ups and downs, the community kept faith in the project and burned 5 trillion BONK tokens, aiming to create a more balanced market environment. As of April 2025, BONK is trading at $0.000019. It is 67 percent below its all-time high of $0.000059 on November 20, 2024. However, it is 21 thousand percent above its all-time low on December 30, 2022. Price movements since the launch of BONK. Why is Bonk valuable?As a result, BONK is firmly entrenched in the Solana ecosystem. So what makes Bonk so special? Here are a few things that solidify BONK's value:It's a community-driven project: Bonk has been community-driven from the start, with individual investors. There are no giant investors behind it, nor are any tokens allocated to institutional hands. The development team is completely anonymous, yet active. Everything is open-source; transparency is at the forefront, from code to documentation. The decision-making processes are carried out through the Bonk DAO. This means that anyone holding BONK can contribute to the governance of the project. This makes it not just another memecoin. At launch, half of the total supply - exactly 50 trillion BONK - was distributed to the community through an airdrop. As such, the project started with the motto of “equal sharing” from the beginning.The first and largest meme coin of the Solana ecosystem: Bonk is the first dog-themed coin born on the Solana network, and it quickly reached a massive audience. Thanks to Solana's already “lightning-fast” structure, BONK transfers are instantaneous and cost almost nothing. This gives Bonk an advantage in terms of both ease of use and accessibility. Bonk is not just a joke, it is also very easy to use: BONK is not just a joke. It is accepted as a means of payment in NFT projects, staked in some games, traded on DeFi platforms. For example, you can use BONK on platforms like Orca and OpenBook. Players make the effort to stake BONK to earn rewards. This staking takes place on platforms like BonkSwap. NFT enthusiasts also use BONK to trade their collectibles. So it's not just a “coin with a funny dog”; it's a project that has real uses and adds value to the ecosystem. You can see the BONK NFT projects and game projects below: Widespread ownership with an airdrop strategy: The big airdrop that accompanied Bonk's launch created a lot of buzz. More than 400,000 wallets received the tokens for free, which eventually grew to 750,000 different wallets. The community's activity is also visible on social media, with memes, witty posts and Bonk-specific events keeping the culture alive. This makes the project stand out with its community spirit rather than its technical aspects. The economics of the BONK token. Source: Bybit It is one of the truly decentralized crypto projects: One of the most striking aspects of Bonk is that there is no visible power behind it. Everything is open to the community, the development team is anonymous, but the process is trustworthy. The funds under the control of the Bonk DAO are used directly for the benefit of the community, whether to support liquidity or to fund new projects. This answers the question of what Bonk coin does. Community-driven, Bonk presents a different image from traditional crypto projects in terms of the structure it uses. The public distribution of most of its supply and its transparent management can reassure new participants. However, like any meme coin, Bonk is a speculative asset with high risk for investors. Since many meme coins can rise and fall rapidly on social media, careful research should be done before investing.Who is the Founder of Bonk?Born on the Solana network, this fun and community crypto is notable both for its anonymity and its decentralized structure. So who are the founders of Bonk? Is it really a community effort? Let's take a look behind the scenes of this mysterious beginning. The team behind Bonk, just like many meme coins, is completely anonymous. There is no name, no familiar face. It's not clear who started the project, and the development team has not put itself in the foreground. In fact, such mysterious beginnings are now commonplace in the meme coin universe. Still, some rumors suggest that some of the projects we've heard of in the Solana ecosystem may be behind Bonk. But of course this is just speculation; there is no official announcement and no confirmed company name.Community spirit at the forefrontBonk is a “community effort”. It is a project that came out of the Solana developer community, away from centralized financial support and adhering to the principle of fair distribution. From day one, its direction has been shaped by community input. In fact, the project's whitepaper explicitly states that it aims to provide a fair and participatory alternative to traditional VC tokens. In other words, “everyone benefits, not just a handful of investors”. This is one of the most striking aspects of Bonk: No private investors or institutional players were allocated a special share in the project. Everything has been done through airdrops and transparent distribution mechanisms from within the community, so there is no secret funding or private sales going on behind the scenes. All stages can be tracked step by step on the blockchain. In this respect, Bonk is one of the exemplary projects that, according to many, does decentralization justice.Bonk's development process is completely open-source. This means that anyone can review and contribute to the code. In addition, 15% of the token supply is allocated to the Bonk DAO (community treasury). What does this mean? Decision-making processes are open to community members; anyone can make suggestions and vote. This budget allocated through the DAO is also used for various purposes such as contributing to liquidity and supporting community projects. So decisions don't come from the top, they come from the grassroots.The Bonk community usually meets online, on social media, Discord, etc. No one makes decisions in mysterious offices, everything is discussed openly. The development process is shaped and progresses entirely through this community communication. Frequently Asked Questions (FAQ)Below, we have compiled frequently asked questions and answers about BONK, Solana's Dogecoin.What is Bonk Coin and how does it work? Bonk is a dog-themed meme coin running on the Solana blockchain. It is inspired by meme coins like Dogecoin and Shiba Inu, but uses a faster and lower-fee network. Managed by the community, Bonk was first distributed through a large airdrop and processes transactions through simple token transfers. There is no centralized administrator; transactions are quickly confirmed by Solana's proof-of-history mechanism.When did Bonk launch and who launched it? The Bonk token was officially launched on December 25, 2022. During its launch, tokens were distributed to the Solana community in a free airdrop. The project was launched by an anonymous team and its main goal was to motivate Solana users after the collapse of the FTX exchange. How is the BONK token supply and distribution: The total supply of the BONK token is set at approximately 100 trillion (approximately 88.9 trillion in circulation). At launch, 50% of the total supply (around 50 trillion) was distributed to community members via airdrop. Some of the remaining tokens were allocated to the Bonk DAO treasury, liquidity pools and community funds. This high supply structure contributes to the BONK coin price being very low on a per unit basis.Is Bonk coin suitable for investment: Bonk is a high-risk speculative meme coin. Its market volatility is high and its price can experience large swings. Caution is recommended for new crypto investors. The general advice is to view Bonk as a recreational or short-term high-risk investment; it is risky to consider it as a long-term store of value. Memecoins are generally volatile, although supported by strong communities.Where to buy and how to store Bonk: BONK tokens are available on major centralized crypto exchanges such as Coinbase, Binance, Kraken, KuCoin, Bybit and OKX. There are also trading pairs on DEXs such as Raydium, Orca or BonkSwap on the Solana network. Bonk tokens can be stored in Solana-compatible wallets such as Phantom, Solflare or Exodus. Hardware wallets such as Ledger can also be used for secure storage.Can Bonk be used outside the Solana network: Bonk's main use case is on the Solana network, but there are also wrapped versions on other chains such as Ethereum and Binance Smart Chain. This means that the Bonk token can be traded in ERC-20 or BEP-20 form on other networks. However, direct Bonk transfers only take place on the Solana network. Wrapped versions allow Bonk to be liquidated and traded on other chains. Follow our JR Kripto Guide series to discover Bonk and other meme coin projects on Solana!
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23 Jun 2025
Crypto Confidence: Institutions Have Been Buying Bitcoin and Altcoins for 10 Weeks
Crypto investment products continue to attract investor interest, even at a time when global markets are shaken by geopolitical tensions. According to asset management firm CoinShares’ data dated June 20, 2025, a total of $1.24 billion in net inflows were made into cryptocurrency investment products last week. This data shows that net inflows have moved to the tenth week in a row. Thus, the total net inflow since the beginning of the year reached a record level of $15.1 billion.Bitcoin and Ethereum attract strong interestThe majority of weekly inflows were again made up of leading cryptocurrencies. Bitcoin-based products were the most preferred asset, attracting $1.1 billion in new investments. Ethereum, on the other hand, attracted attention with a weekly inflow of $123.8 million. This trend in Ethereum shows that the inflow series, which has been ongoing for nine weeks, continues and has reached a total of $2.2 billion.Interestingly, there was an outflow of $1.4 million from Short Bitcoin (taking a position against the BTC price) products. This indicates that investors have confidence in Bitcoin in the long term despite price corrections and consider declines as buying opportunities.Moderate interest in altcoinsMore modest inflows were seen on the altcoin front. Solana closed the week with an inflow of $2.8 million, while $2.7 million flowed into XRP. While products based on the Sui network experienced a slight outflow of $0.5 million; Small-scale inflows were recorded in altcoins such as Cardano, Chainlink and Litecoin:Solana: +$2.8 millionXRP: +$2.7 millionSui: -$0.5 millionLitecoin: +$0.2 millionCardano: +$0.3 millionChainlink: +$0.6 millionMulti-asset products: -$5.8 millionThose in the "Other" category: +$2.7 million The largest inflow is from the US, iShares is aheadRegionally, the US led the entire market with a weekly inflow of $1.25 billion. Canada ($20.9 million) and Germany ($10.9 million) were also among the countries that experienced inflows. On the other hand, there was an outflow of $32.6 million from Hong Kong and $7.7 million from Switzerland. This situation shows that geopolitical risks are pushing investors to be cautious in some regions.Among fund providers, BlackRock’s iShares ETFs led the way with $1.28 billion in inflows last week. Grayscale saw only $13 million in inflows, while some major players like Fidelity and ARK Invest saw significant outflows:iShares (BlackRock): +$1,280 millionGrayscale: +$13 millionFidelity: -$62 millionARK 21Shares: -$188 millionBitwise: +$33 millionProShares: +$71 million21Shares AG: +$1 millionCoinShares XBT Provider: -$15 million
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23 Jun 2025
What is Dogewifhat (WIF)?
In the crypto world, meme coins, which rely on humor and community power, have gained significant popularity in recent years. Following in the footsteps of pioneers like Dogecoin and Shiba Inu, countless new projects are gaining attention not only for their entertainment-oriented nature but also for the loyal communities behind them. One of the newest and most interesting representatives of this trend is Dogwifhat (WIF for short). The question of what WIF is has been on the agenda frequently in the crypto world recently.Developed on the Solana blockchain, WIF is known for its image of a Shiba Inu dog wearing a pink knitted hat. Although this token, which emerged purely as a joke, does not offer a technological innovation or a special use case, it has managed to attract the attention of a huge community in a short time. Dogwifhat, symbolized among the community by the slogan “the hat stays on”, was launched in December 2023 by anonymous developers. As the website says, WIF is literally just “a dog with a hat”. So how did such a simple idea become one of the biggest meme coins in the Solana ecosystem? Here's what you need to know about Dogwifhat...Definition and Origin of WIFIn the fast-growing world of meme coins, Dogwifhat stands out as a unique project that stands out both for its appearance and the community spirit behind it. Understanding exactly what WIF stands for and how it came to be is important in understanding why this coin is gaining so much traction.As the name suggests, this fun cryptocurrency centers on the theme of “a dog in a hat”. So what is the Dogwifhat coin and how did it become so popular? Dogwifhat, which takes its visual identity from the viral photo of a Shiba Inu dog wearing a pink knit cap, is a project created entirely on the axis of humor, internet culture and community entertainment. This kind of approach is of course no stranger to the crypto world. In particular, Dogecoin (DOGE), which emerged in 2013, laid the foundation for this trend as one of the first examples that was not serious but fed by a great community power. DOGE's popularity opened the door to humorous tokens, and over time, projects like Shiba Inu (SHIB) were born. Unlike DOGE, SHIB aimed to offer a more technological infrastructure by developing features such as its own Layer 2 network and decentralized exchange.Dogwifhat can be seen as a returning interpretation of this dog-themed fad in a more updated and pure form. The project was born in the last quarter of 2023, spearheaded by anonymous developers. It was first introduced in a column on November 20, 2023, and presented to the community as a meme coin that would be fully owned by the public. There is no one person or team that stands out as the founder; the entire process of the project is community-led from the start. This makes Dogwifhat one of the few projects that truly approaches decentralization. WIF illustration WIF coin is technically an SPL token running on the Solana blockchain (SPL is the token standard for Solana network tokens, similar to ERC-20 tokens on the Ethereum network). It has become one of the most remarkable Solana meme coin projects. The user experience is very smooth, especially thanks to the Solana infrastructure, which offers advantages such as low transaction fees, high speed and scalability. But it's not these technical features that make Dogwifhat special; it's the dynamism of the community behind it, their sense of humor and emotional attachment to the project. As the project's website sarcastically puts it, WIF is “literally just a dog in a hat”. But this modest description does not hide its true potential.Community members actively drive the project through social media, from content production and brand collaborations to fun campaigns and new projects. “The slogan “the hat stays on” has become a symbol of both visual identity and community loyalty. Dogwifhat's rise is not due to a technological revolution, but to its transformation into a cultural phenomenon. In this respect, WIF stands out as one of the examples proving that memecoins are not just passing fads; with community support, they can turn into permanent and effective projects.WIF's History: Key MilestonesDogwifhat's rapid success can be attributed less to coincidence and more to a combination of remarkable milestones and community-driven initiatives. This meme coin story, which began quietly in late 2023, has turned into one of the most talked about projects in the crypto market in just a few months. Both price movements and social media interactions played a big role in WIF's development. Let's take a closer look at how Dogwifhat got to where it is today: the most critical steps and milestones in WIF's history.End of 2023 - Beginning: The answer to the question of when WIF coin launched is November 20, 2023, the date it was born on the Solana network. After a relatively quiet first few weeks, the project picked up speed in December. At this time, the community was still small, but the image of the dog in the hat was starting to go viral.First quarter of 2024 - Big launch and Binance listing: In January-March 2024, the WIF coin price experienced an astronomical increase. With the news of the listing on the Binance exchange at the end of March, the token's price exploded, reaching an all-time high of $4.83 on March 31, 2024. During the same period, its market capitalization hit $4.58 billion. This surge was driven by the general impact of the Solana-based meme coin season, as well as the announcement of WIF on Binance and other exchanges. In the first quarter of 2024, “Dogwifhat is the biggest Solana meme coin ever” was reported in the financial media.Spring 2024 - Social media influencers and Elon Musk take notice: In the spring, WIF caught the attention of the crypto and social media community. In March 2024, Tesla CEO Elon Musk posted a photo of his dog in a hat, causing the WIF price to surge by up to 32%. In June 2024, Musk increased the meme coin's recognition by mentioning the name “DogWiFiHat” in a live broadcast; the community was enthusiastic after this announcement. Anecdotes like these were instrumental in WIF becoming a viral coin project. In addition, the support of crypto influencers such as SolJakey (Ansem) for WIF accelerated the project's spread on social media.Mid-2024 - New listings: In the summer, WIF started to be listed on more exchanges. For example, WIF was listed on major platforms such as Gemini in 2024. As one of the projects most affected by the meme coin wind during this period, the WIF price fluctuated but remained at high price levels.Fall 2024 - Coinbase and Robinhood effect: On November 13, 2024, Coinbase announced the addition of Dogwifhat to its listing roadmap. On this news, WIF once again made a big jump to around $4. On November 25, 2024, the Robinhood platform opened WIF transactions. During this period, WIF saw significant increases in its daily volume thanks to Binance and Coinbase listings. On December 11, 2024, the Binance.US exchange also added the WIF/USDT pair. These developments allowed WIF to start rising again in the last quarter of 2024.First quarter of 2025 - Las Vegas Sphere campaign and beyond: In March 2024, with the “Sphere Wif Hat” initiative, the WIF community raised nearly $700,000 to run the dog's ad on the giant screen of the Sphere entertainment center in Las Vegas. The move soon led to the WIF price reaching $4.85. By March 2025, however, the ad campaign had failed to materialize and community organizers announced that contributions would be refunded. In parallel, the WIF price continued to fluctuate. Approaching $4 again in October-November 2024, WIF was trading at around $0.60 USD in April 2025. In short, in the first half of 2025, WIF was affected by the intense meme coin trend, but experienced sharp declines in its price. Las Vegas Sphere. Source: Thesphere.com Why is WIF Valuable?The fact that Dogwifhat has gone beyond being just a “joke coin” to a multi-billion dollar market capitalization shows that the structure behind it should not be underestimated. WIF's valuation is driven not only by its viral impact on social media, but also by its strong community, economic model and technical infrastructure. So what are the key features that set this coin apart from its competitors? Here are the main factors that explain why WIF is considered valuable...Community acceptance: WIF was embraced by a broad community. A strong community formed around the project's active social media presence and the slogan “hat stays on”. By the end of 2024, more than 202,000 investors held the coin. A solid community is known to be an organic force that can drive the value of meme coins upwards. “WIF holders” are also showing strength in this regard.Steady supply: The WIF token supply is fixed at 998,999,999 tokens. This means that no additional tokens will be produced and the existing supply will remain constant. The fixed supply is a factor that supports the potential for further appreciation when demand increases.Solana infrastructure: WIF runs on the Solana (SOL) blockchain. The Solana network can process thousands of transactions per second and transaction fees are typically under $0.0025, making WIF transactions faster and less expensive. This means that users can send tokens almost instantly for a low fee. This technical infrastructure is a key factor in the attractiveness of WIF and other Solana-based meme coins. Solana infrastructure. Source: Razored Visual and humorous potential: The image of a dog in a hat in WIF's logo stood out as a meme that was easily shared on social media and attracted users' attention. Dog-themed crypto projects are already popular (e.g. Dogecoin, Shiba Inu); WIF has a comedic element with its hat. This playful visual and the “all hat” theme created the potential for viral growth. People gravitated towards the project around the humorous content and community enthusiasm.Organic social media impact: WIF owners and supporters actively promoted the project on social media and inspired new projects. The community independently organized fundraisers (such as the Sphere campaign), but also made it possible to participate in events without owning tokens. In this way, it attracted the masses as a project that “everyone can participate”. These organic interactions increased demand and adoption for WIF, contributing to the coin's value.Taken together, WIF has strong community support and a viral story, unlike many meme coins on the market. The fixed token supply and the advantages of Solana technology add additional value and paint a promising picture for the future of the WIF coin.Dogwifhat (WIF) has seen some pretty dramatic price movements since its launch. As of May 2025, the WIF coin price is trading at approximately $0.62. As mentioned earlier, the token hit an all-time high (ATH) of $4.85 on March 31, 2024. In contrast, it hit an all-time low on November 20, 2023, trading at just $0.00002344. The more than 2,670,000 percent increase between these two levels shows WIF's massive gains. Currently, the token is trading around 87% below its peak value, but its market capitalization of around $625 million and daily trading volume of more than $183 million is an indication that this meme coin is still the focus of investors. WIF coin price since launch. Who is the Founder of WIF?The question of who founded WIF coin is often asked. But the founder of the Dogwifhat (WIF) project is anonymous. In other words, there is an unknown team or personal group behind the project. No one is mentioned in official statements and addresses. Therefore, WIF was launched as an “unclaimed token”. This is a very important detail in the cryptocurrency space. It shows the anonymous founder's (or founders') decentralized approach to WIF.First of all, the fact that it was launched without being controlled by any central authority or founding team is in line with the decentralization ideal of the most original cryptocurrency, Bitcoin. Bitcoin's creator Satoshi Nakamoto's decision to remain anonymous and leave the project to the community is the most iconic example of this approach. This kind of structure implies not only technical decentralization, but also the decentralization of power in terms of governance. Projects such as Dogwifhat (WIF) are also examples that revitalize this spirit. Because a community-driven structure where users have a direct say both builds trust and creates a sense of belonging outside of speculative market dynamics.Dogwifhat's official website and social media accounts are managed by volunteer community members rather than a centralized team. This increases the commitment and contribution of community members to the project. The community promotes and develops WIF by organizing announcements, updates and events related to the project. Frequently Asked Questions (FAQ)In this article, we answer what WIF is, how it works and who developed it. In this section, we answer the other most asked questions about Dogwifhat in a clear, simple and understandable way.What is WIF Coin and how does it work? WIF is a meme coin that runs on the Solana network. It is technically an SPL token and is backed by Solana wallets. Users can send and receive WIF tokens to and from Solana wallets like Phantom. The project is a community coin built around the theme of a dog in a hat, without any real technology development like Dogecoin. It has no centralized implementation and derives its value entirely from community adoption and trading.When did WIF come out and who founded it? WIF (Dogwifhat) was first launched in December 2023. It was founded by an anonymous developer or community of developers. As no precise “founder” identity is known, it is not publicly known who started WIF. Basically, it can be said that it is a project decided by its owners.Does WIF make sense for investment: WIF is a high-risk meme coin. Its value fluctuates a lot based on the joke and community perception. There can be big gains as well as sharp declines in such projects. It is therefore important to understand all the risks before investing. Since there is no solid long-term value proposition, those who plan to invest in WIF should take these risks (This information is not investment advice, just general information).Which exchanges is it listed on: WIF is traded on many major crypto exchanges. It is listed on centralized exchanges such as Binance, Coinbase, Gemini, as well as on the Robinhood Crypto platform. It can also be traded on other popular exchanges such as OKX, KuCoin, Gate.io, Bitget, Bybit and MEXC. Solana-based DEXs like Raydium and Jupiter also have WIF token pairs. This allows traders to buy and sell WIF on markets in the Solana ecosystem as well as on traditional exchanges.Is the supply of WIF fixed: Yes, WIF's total token supply is fixed. It is set at 998,999,999 WIF in total. According to CoinMarketCap, there is approximately the same amount in circulation (998.84 million WIF). This means that no new WIF tokens will be minted and the available supply will not increase. The fixed supply structure allows the value to rise as demand increases.How WIF is stored: As WIF is a token of the Solana network, it can be stored in Solana-compatible wallets. The most common options include wallets such as Phantom, Solflare, Sollet. By adding a WIF token to one of these wallets, you can securely store your private keys. Hardware wallets like Ledger also offer Solana and WIF support. By transferring your WIF token to these wallets, you can keep it safely under your control. Stay tuned for our JR Kripto Guide series to keep up with the rise of WIF and other community-based projects!
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23 Jun 2025
AVAX Comments and Price Analysis 23 June 2025
AVAX Technical AnalysisLooking at the AVAX chart, it can be seen that a formation has occurred from early 2024. This downward formation is narrowing, and the price is trading in the middle band of this channel. Falling Channel Structure We already stated in our previous AVAX analysis that the $18.75–$17.22 support got weaker, and we see that there is a breakout below this support area. Even though the price has reached the $17.20 zone again with a retest of the fall, a test to the lower band of the descending channel can be expected so long as the price can’t exceed the level of $18.The price is likely to see a resistance around this level. The downtrend has been continuing with this fall; however, in case the price turns upwards, the first level to exceed will be $20, and then $24 seems to be important resistance levels.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
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23 Jun 2025
What is Render (RNDR)?
Digital content production - especially in the areas of 3D modeling, animation and visual effects - requires more and more processing power. Traditionally, such projects require powerful and expensive hardware or the use of costly centralized render farms to complete. This can be a significant barrier, especially for independent artists and small-scale studios.On the other hand, millions of Graphics Processing Units (GPUs) around the world are often sitting idle on personal computers or workstations, leaving this potential largely untapped. This is where Render Network comes in. The answer to the question of "what is Render Network" can be summarized as a decentralized rendering network that offers unused GPU power to content producers. Also, it is mentioned as "GPU render blockchain". Thanks to the transparency and reliability offered by blockchain technology, a GPU rental marketplace is created within the network.At the center of this system is the Render Token (RENDER), formerly known as RNDR. Users pay for renders on the network with the RENDER token, while Node Operators who provide GPU power earn RENDER tokens for their services. In other words, a win/win structure has been created for both the party using and providing the processing power. In short, the question of what is Render and what is RNDR Coin can be answered as follows: It is the crypto asset that enables the Render Network to work and enables the transfer of value within the network. Let's take a look at how this innovative system emerged and how it has evolved over time...Definition and Origin of RenderRender Network was developed to solve one of the biggest pain points for digital content creators: Access to the intense computing power required for high-quality 3D rendering. At this point, the answer to the question “What does Render Token do?” becomes clear. The RENDER token is used to access and pay for computing power on this network.The system brings together rendering power from different locations through a decentralized structure. Users, called “Creators”, send their rendering needs to the network. These jobs are processed by “Node Operators” around the world, people who connect their idle GPUs to the network. Management of the rendering process is enabled by blockchain technology and smart contracts. Thanks to this structure, transactions are both transparent and reliable. Architecture of the render network. Source: DFG When we look at the history of Render Network, we see that it is directly linked to a company called OTOY. Render Network was actually born as an initiative of OTOY Inc. Founded in 2008, OTOY had already established a strong foothold in the industry with its cloud-based rendering solutions offering cinema-quality 3D graphics. The foundations of Render Network were laid in 2009 by Jules Urbach, CEO of OTOY. The goal was quite clear: To bring together those who need GPU power and those who can provide this power on a decentralized platform.One of the major milestones of the project came in 2017. That year, the Render Token was officially introduced and the system was commissioned. With this development, a direct link was established between content producers (artists, studios, developers) and GPU owners. This made access to high processing power much easier and more affordable.This system is especially advantageous for those working in fields such as animation, cinema and gaming, while also providing a vital resource for today's rapidly rising artificial intelligence projects. Traditional cloud-based rendering solutions are not always cost-effective. In such cases, Render Network stands out as a more flexible and scalable alternative. Screenshot of the AI Generator section on the render taken from an example user. Source: Render Network The History of Rendering: Key MilestonesRender Network's journey from idea to decentralized, global network has involved many critical steps over the years. Here are the notable milestones in this journey:2009 - Formation of the vision: The foundations of Render Network were laid by Jules Urbach, CEO of OTOY Inc. The goal was to create a decentralized rendering network to provide content creators with high processing power at an affordable cost.2016 - Establishment of the project: The Render Token project was founded in 2016 under the leadership of Jules Urbach. The goal was to build a peer-to-peer GPU rental network.2017 - Project launch and first token sale: Render Token (RNDR) was officially announced in 2017. The first public token sale took place between October 6-12. The price per token was $0.25 and a total of 4.65 million RNDRs were sold. The project's whitepaper was published on August 28, 2017.2018 - Private sale and beta process: A private token sale was organized between January and May 2018. In the same period, tests were conducted with the first users through the test network called “RNDR Beta Testnet”. In this process, node operators and content producers directly contributed to the development of the system. The total supply was announced as 536,870,912 RNDR.2019 - Genesis mainnet launch: On June 24, 2019, the project moved from the Ethereum testnet Ropsten to the mainnet. This was an important milestone for real transactions to start running on the network.2020 - Active use of the mainnet: As of April 27, 2020, Render Network's mainnet officially went live. Content creators can now rent GPU power with the RNDR token. At this time, the network was still being tested by early users. Also in March 2020, 4.5 million RNDR tokens were planned to be purchased on the Probit exchange.2021 - NFT and Metaverse connections strengthened: Render Network's vision has always encompassed the NFT, GameFi and Metaverse. Especially with artists like Beeple (Mike Winkelmann) and Raoul Marks working on the Render Network, this connection became even more visible. Render became an important tool that provided the necessary infrastructure for the production of virtual worlds and digital art.2023 - Solana transition and network restructuring: On January 20, 2023, the Render Network Foundation was established. This foundation was created to sustain the Render protocol and grow the community. In March 2023, the community approved the migration of the Render Network from Ethereum to the Solana network. This was a critical step to increase transaction speeds and integrate more easily with DePIN projects. The ERC-20-based RNDR token converted to the SPL-based RENDER token, and the new token was launched on November 2, 2023. In the same year, the roadmap and whitepaper were updated, the Discourse platform was launched for community interaction, and the 2023 Grant Program was launched.2024 - AI-powered rendering solutions come to the forefront: From 2023, rapidly growing AI interest and GPU demand created a new opportunity for the Render Network. The network started to offer infrastructure for users who wanted to train AI models or produce AI-based graphics. These developments contributed to the positioning of the RENDER token as an “AI rendering coin”. In March 2024, the RNDR price saw historic highs in the range of $13.53-13.57. This rise was attributed to the AI narrative and the growing need for GPUs. In the same period, mechanisms such as BME (Burn and Mint Equilibrium) and RFC (Request For Compute) increased the scalability and efficiency of the network. The coin is trading at $4 as of April 2025. Render coin price since launch Why is Render valuable?The value of Render Network lies not only in the technology it offers, but also in the fundamental problems it solves and the innovative approaches it brings to content production.Access to decentralized, affordable and fast rendering powerTraditional rendering solutions often suffer from high hardware costs, long processing times and limited access. Render Network brings together idle GPUs from around the world to create a decentralized rendering pool. This structure allows content creators to access the processing power they need on-demand, more affordably and flexibly. This allows artists and studios to complete projects faster and more efficiently without investing in expensive hardware.Industry diversity and high utilization potentialRender Network can be used not only by 3D artists, but also by filmmakers, game developers, architects, VR/AR projects, scientific researchers and many more. Render's infrastructure is also vital for Web3-oriented applications such as NFT production and metaverse projects. This wide range of uses directly increases the value of the RENDER token within the network.Passive income opportunity for GPU ownersRender Network provides economic benefits not only for content creators but also for users who provide technical infrastructure. Individuals with powerful GPUs become “Node Operators” by connecting their hardware to the network and are rewarded with RENDER tokens for their transactions. This not only utilizes idle resources efficiently, but also creates a passive income model for participants.Two-sided economic modelRender Network's GRPU rendering blockchain-based marketplace structure directly connects content creators and GPU providers. This system eliminates the need for hardware investment for creators, while enabling node operators to generate revenue. A transparent payment infrastructure governed by smart contracts ensures a secure and fair environment. The Render network also protects creators' intellectual property with digital rights management features.Increased performance with Solana migrationThe transition from Ethereum to the Solana network was a strategic move to improve the scalability and transaction efficiency of the Render Network. Solana offers lower transaction fees and faster speeds, allowing rendering to run more smoothly. This transition was important for Render to reach a wider user base and support growing use cases more efficiently.Continuous development and rising role in AIRender Network stands out not only for the infrastructure it provides, but also for its ability to adapt quickly to changing technology trends. The increasing demand for GPUs in artificial intelligence (AI) has further expanded the use cases for Render. Render has started to play an active role in this growing market, supporting processes such as training AI models and processing AI-generated visual content.RENDER coin use casesThe RENDER token, one of the basic building blocks of the Render Network, enables many functions within the network. Working as both a payment instrument and a reward mechanism, the token is also critical to the governance and sustainability of the system.Payment Instrument: Creators pay for renders using the RENDER token or Render Credits, which are bought for fiat.Reward Mechanism: Node operators who perform rendering operations are rewarded with RENDER tokens for their work.Proof-of-Render System: The entire process is carried out transparently, with data being broken down into small chunks, encrypted and verified on the blockchain. Once the job is complete, the output is confirmed and the operator is paid.BME (Burn and Mint Equilibrium): A quantity of tokens is burned in each transaction, after which new tokens are minted and distributed to operators. This stabilizing structure regulates the total supply of tokens, creating a potential deflationary model.Governance: RENDER is also the governance token of the Render DAO. Token holders contribute to the development of the network by voting on Render Network Proposals (RNP). Voting rights are determined by the amount of tokens held.The total supply of RENDER is limited to 536,870,912 tokens. The majority of tokens are held in escrow accounts, while the remainder is reserved for sales and network reserves. The Burn and Mint system works continuously to stabilize token circulation.Who is the Founder of Render?Jules Urbach, founder and CEO of OTOY Inc. is the man behind Render Network. Globally recognized in the fields of computer graphics, streaming technologies, 3D rendering and cloud computing, Urbach is a technology leader with over 25 years of experience and more than 70 patents. The core vision of Render Network was directly shaped by his foresight and guidance.Founded in 2008, OTOY is known for its GPU-based cloud graphics technologies and has created innovative, Oscar-winning projects in the motion picture industry. Jules Urbach initiated the idea for Render Network in 2009 and realized this vision in 2016 with the Render Token project. He has been at the center of OTOY's entire development process, both drawing its technology roadmap and setting its strategic direction.Prior to OTOY, he developed the web's first 3D video game platform, partnering with global companies such as Disney, Warner Bros, Nickelodeon, Microsoft, Hasbro and AT&T. This demonstrates his deep expertise in content technologies.Jules Urbach's vision of decentralized rendering is inspired by books about the future such as “Life After Television” and the idea of a fully immersive, interactive 3D digital universe. According to him, the blockchain-based Render Network could play a key role in realizing this vision. His goal is to make the metaverse and the future of digital content production more accessible, fair and scalable.The development of the Render Network has been driven not only by Urbach's leadership, but also by a strong team and an impressive advisory board. The advisory board includes key figures from the worlds of media, technology and Web3. These include:Ari Emanuel (co-founder and co-CEO of WME/Endeavor),J.J. Abrams (President and CEO of Bad Robot Productions),Beeple (NFT artist Mike Winkelmann),Brendan Eich (creator of JavaScript and co-founder of the BAT token).OTOY has already expanded the Render Network's potential use cases by signing deals with major media companies such as Disney, HBO, Facebook and Unity. The company's OctaneRender software is described as the world's first and fastest GPU-accelerated, physically correct rendering engine. Simply put, this software allows you to produce realistic visuals much faster using the graphics card in your computer. OctaneRender has been used in productions such as HBO's Westworld, Netflix's The Crown and Altered Carbon. OTOY's partners. Source: Otoy Frequently Asked Questions (FAQ)We have brought together the most frequently asked questions about Render Network. From the operation of the project to the use of RENDER token, you can find answers to the most frequently asked questions in this section:What is Render Token (RENDER) and what does it do? The RENDER token is the native cryptocurrency of the Render Network. Within the network, content creators pay for renders, while users who provide GPU power are rewarded with this token. The Render Network aggregates unused GPUs from around the world to provide decentralized and cost-effective rendering power to creators. With this system, creators can avoid high hardware costs, while GPU owners can monetize their idle resources. RENDER simplifies access to the computational power needed for projects in areas such as gaming, media, VR/AR, NFT and metaverse.How to use RNDR token for rendering? Users who want to render join the Render Network as a Creator. Renders are submitted in ORBX format using OctaneRender or a supported plugin. The required amount of RENDER is calculated by the system according to the submitted render job. The user selects and pays for a render tier according to the complexity of the job. The payment can be made with RENDER tokens (or Render Credits in fiat). However, node operators are only paid in RENDER tokens. Once the render job is submitted to the network, an appropriate node operator completes the transaction. During the process, the progress can be tracked via OctaneRender. Once the job is completed and approved by the user, the payment is transferred to the operator.When was the Render Network established? The idea phase of the Render Network was started in 2009 by Jules Urbach. The project was officially launched in 2016. The first public RNDR token sale took place on October 6-12, 2017. In 2018, a private sale and beta testing process was conducted. On June 24, 2019, the “Genesis” mainnet was launched on the Ethereum mainnet. So, when did Render coin launch? The coin waited for the mainnet launch. As of April 27, 2020, the Render network became generally available.Is the RNDR token suitable for investment? The positives of Render include increased GPU demand, support for growing areas such as AI and the metaverse, scalability, and BME (token supply stabilization system). Possible risks include market volatility, technical issues, regulations and competition. So every investor should do their own research and consult an expert if necessary.Which platforms can the RENDER token be used on? RENDER is used on the Render Network to pay for rendering jobs and provide GPU power. Participation and operation in the network requires the OctaneRender software developed by OTOY. The token is traded on many centralized and decentralized exchanges such as Coinbase, Kraken, KuCoin, HTX. RENDER tokens can be securely stored in hardware wallets such as Ledger Nano S or X. Render Credits, which can be purchased with fiat money, are also available, but only for rendering services; operators are paid with the RENDER token.What did the transition to Solana bring to Render Network? In March 2023, after a community vote, the Render network switched from Ethereum to Solana. With this transition, the RENDER token was upgraded from the ERC-20 standard to the SPL token standard. The goals included faster transactions, lower transaction fees, and easier integration with DePIN projects. In addition, Solana's compatibility with NFT and metaverse technologies offered a significant advantage for Render's future growth. The new token was launched on November 2, 2023, at the same time the whitepaper was updated, new platforms for community engagement were introduced, and a grant program was launched.For more on Render Network and Web3-based creative economy projects, be sure to follow our JR Kripto Guide series!
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23 Jun 2025
What is Binance Coin (BNB)?
BNB is a cryptocurrency that was originally introduced as Binance Coin. The core asset of the Binance ecosystem, BNB is issued by the Binance exchange. Simply put, BNB is Binance's own crypto coin. It is used to trade on the Binance network while offering users benefits such as transaction fee discounts. The story of BNB dates back to the summer of 2017. So, when exactly did BNB launch? The coin was launched in an Initial Coin Offering (ICO) between June 26 and July 3, 2017. At the time, 2,700 BNB were sold for 1 Ethereum and a total of 200 million BNB were offered. 100 million were offered to the public, while the rest were reserved for the core team and investors.Initially, it was running on the Ethereum network on the ERC-20 standard. But in 2019, Binance launched its own network, Binance Chain (later BNB Beacon Chain). During this ERC-20 to BSC transition, ERC-20 BNBs were moved to Binance's own network in a one-to-one ratio. In 2020, a new network called Binance Smart Chain (BSC) was launched. BSC enabled Ethereum-compatible smart contracts, and BNB gained an active use in this network as well. In 2022, these two networks merged under the name “BNB Chain”. In summary, BNB has become an important cryptocurrency used in Binance's blockchain networks while providing transaction fee discounts on the Binance exchange. But there is more to know about BNB. Let's take a look at the story of BNB together!Definition and Origin of BNBThe emergence of BNB (Binance Coin) dates back to the ICO process in 2017. This ICO, led by Binance founder Changpeng Zhao (CZ), took place on June 26-July 3, 2017. At that time, BNB tokens, which were sold at the rate of “1 ETH = 2,700 BNB”, were produced over a total supply of 200 million. During Binance's founding phase, 100 million BNB were sold to the public, with the remaining supply split between the core team and investors. At the time of the ICO, the price of BNB was around $0.10 and around $15 million was raised.Soon after, with the launch of the Binance exchange in July 2017, BNB tokens attracted significant interest. However, these tokens initially entered the market as an ERC-20 token on the Ethereum chain. Users converted the ERC-20 BNBs they held in their Binance wallets into BEP-2 tokens at a 1:1 ratio when the Binance Chain main network was launched in 2019. Thus, BNB was moved to Binance's own blockchain and used for transaction fees.When Binance Chain launched in April 2019, 11 million BNB were initially burned and 48 million tokens were frozen (reserved). The remaining 141 million tokens began circulating in the market. Soon after, in September 2020, a new blockchain called “Binance Smart Chain (BSC)” was launched. BSC works in parallel with Binance Chain, bringing smart contract support and staking to BNB. BNB was introduced as a transaction fee token on BSC with the BEP-20 standard. By the end of 2020, the BNB Chain ecosystem became the home of DeFi projects and NFTs thanks to its smart contract platform. The BNB Chain ecosystem. Source: BSC Daily In the process, BNB was born as a token we used to pay a discounted transaction fee on Binance's centralized exchange. Over time, it has taken on the role of a “gas fee” on its own blockchain and has found countless new uses in the ecosystem. In short, BNB's definition and purpose is to add value to the Binance ecosystem and offer benefits to its users.History of BNB: Key MilestonesBNB has seen several major developments, driven by the Binance exchange, which has long been the global leader in terms of daily trading volume. The major milestones can be summarized as follows:2017 (ICO and Initial Offering): BNB entered the crypto world with its ICO in July 2017. A total of 200 million tokens were offered; half were offered to the public, half were distributed to investors and the core team. Approximately $15 million was raised from this ICO. At that time, BNB appeared on the Ethereum (ERC-20) network. At this point, searches for BNB coins went through the roof.2019 (Binance Chain Mainnet): On April 18, 2019, the Binance Chain mainnet was launched. Binance made a 1:1 swap to convert ERC-20 tokens to the BEP-2 standard. This is the day BEP-2 BNB was born. The total supply remained stable at 200 million; 11 million BNB were burned in the first phase, 48 million BNB were frozen (reserve). The remaining 141 million tokens entered circulation. At the same time, with the launch of Binance Chain, BNB is now used for on-chain transactions as well as exchange functions.2020 (Binance Smart Chain): Binance Smart Chain (BSC) went public on September 1, 2020. BSC became an Ethereum-compatible blockchain that runs parallel to Binance Chain. With this new chain, smart contract and validator features were added to BNB. BNB became a gas fee token on BSC with the BEP-20 standard and the staking mechanism was activated. BSC has spread rapidly as a DeFi alternative with low transaction fees and high speed. Binance Chain and BSC merged into one under the name BNB Chain by 2022. Development and functioning of BNB Chain 2021-2022 (Bruno Fork and Innovations): Towards the end of 2021, an update called “Bruno” was released. This hard fork aimed to accelerate BNB burning. Around the same time, the BEP-95 upgrade came into effect, automatically burning some of the transaction fees on the BSC. These steps reinforced the deflationary nature of BNB. In February 2022, Binance Chain and Binance Smart Chain were renamed BNB Chain; a large blockchain ecosystem centered on BNB was announced.2023-2025 (New Projects and Burns): The BNB Chain ecosystem announced innovative projects such as opBNB (layer-2) and BNB Greenfield (distributed storage) in 2023. On the other hand, Binance continued to hold regular quarterly BNB burns. If we look at the latest data, the 30th and 31st rounds of burns in the first quarter of 2025 removed a total of approximately $916 million worth of BNB from circulation.In this historical process, BNB has evolved from an ICO to a centralized exchange token to a gas coin of a multi-chain ecosystem. Now, BNB not only provides advantages on Binance's centralized platform, but is also an important tool that runs many applications on the BNB Chain.Why is BNB valuable?The value of BNB is primarily driven by its diversity of uses and its deflationary nature. The most prominent reasons are the following:Exchange token and transaction fee discount: BNB is the native token of the Binance exchange. This means that Binance users get significant discounts when they pay trading fees with BNB. For example, in the early years, this discount was up to 50%. Today, the use of BNB still reduces transaction costs on the exchange. BNB is also available as a transaction fee on platforms like Binance DEX.The transaction fee token: BNB is the gas coin on the BNB Smart Chain (BNB Chain). This means you pay BNB when you want to run any smart contract, token swap or wallet transaction on BSC. This makes BNB the main fuel for all DeFi, NFTs, and dApps on the BSC network. As Binance Smart Chain emerged as a low-cost and fast network, BNB became a prerequisite for entry.DeFi and the NFT ecosystem: With the popularity of BSC, BNB has found a place in DeFi protocols. For example, on decentralized exchanges such as PancakeSwap, BNB is used as a pool token and to participate in liquidity pools. In lending protocols like Venus, BNB is a collateral and reward tool. In addition, the Binancé NFT marketplace and other dApps also accept BNB as a means of payment. In short, BNB is active as the primary cryptocurrency in thousands of projects built on BSC.Launchpad and investment opportunities: Platforms like BNB Launchpad use BNB to invest in new projects. Those who want to participate in token sales offered on Binance Launchpad typically pay a participation fee in BNB. Therefore, BNB is needed to gain early access to new crypto projects. The more widely BNB is used, the easier it is to participate in projects through mechanisms like launchpad.Staking and becoming a validator: Since BSC has a Proof-of-Staked Authority (PoSA) consensus mechanism, you can contribute to the network by staking BNB. According to the BNB Smart Chain launch, anyone can become a validator by staking BNB. Thus, BNB holders can earn rewards by participating in block creation and validation. It's also possible to accumulate BNB and earn interest through services like Binance Earn.Liquidity: Because Binance is the world's largest exchange, BNB is constantly being traded. This increases BNB's liquidity and supports its value. Assets like BNB, which are known as “centralized exchange tokens” on centralized exchanges (e.g. CRO, HT, etc.), often move in tandem with exchange success. The volume of BNB in the market is very high and continues to attract interest despite geopolitical or market volatility.Deflationary burning mechanism: BNB is a deflationary cryptocurrency. It was initially promised to permanently destroy half of the total supply (100 million BNB). Binance fulfills this promise by buying back and burning BNB with a portion of its profits each quarter. Also, thanks to updates to the BNB Chain, such as BEP-95, a small fee from every transaction on BSC is automatically burned. Reduced supply theoretically makes every BNB more scarce and valuable. This deflationary structure is also an important factor supporting the value of BNB. Automatic BNB burning mechanism that takes place every quarter. Source: BNBBurn.info The combination of these features makes for a powerful ecosystem. In a nutshell, BNB is a versatile token with a “finger in everything”. It plays a role in many areas such as discounts on the Binance exchange, transactions on BSC, DeFi/NFT applications, investment in new projects. And thanks to its transparent burning program, its supply is constantly decreasing. For all these reasons, BNB is a valuable and in-demand asset in the crypto ecosystem. The BNB token price reflects this. As of April 2025, BNB is trading at $601.44. The all-time high price was recorded as $793.35 on December 4, 2024. The lowest price was $0.0961 on August 1, 2017. Chart showing the price movements of BNB since its launch. Who is the Founder of BNB?So, who is the founder of BNB coin? The name behind BNB and the Binance exchange is Changpeng Zhao (often referred to as CZ). But who exactly is “CZ Binance”? CZ is a Chinese entrepreneur and well-known in the crypto world. He started his career at Bloomberg in 2001, working on financial software. He later joined the financial firm Fusion Systems. In 2013, he became a developer team manager at Blockchain.info (now Blockchain.com). In 2015, he developed the idea for Binance while working at OKCoin, a Chinese cryptocurrency exchange. In 2017, Changpeng Zhao founded the Binance exchange and became its CEO. At the same time, he also launched the BNB token, creating Binance's own cryptocurrency. Through quick strategic decisions and aggressive growth plans, CZ quickly built Binance into one of the largest crypto exchanges in the world. This success has directly increased the popularity and value of BNB. One of Binance's co-founders is He Yi. However, CZ often stands out as the spiritual leader of BNB. Binance founder and former CEO Changpeng Zhao In 2023, Zhao stepped down as CEO and agreed to pay a $50 million fine for violating US anti-money laundering laws. Binance also agreed to pay a $4.3 billion fine. In 2024, Zhao was sentenced to four months in prison for condoning money laundering. Richard Teng was appointed as the new CEO of Binance, replacing Zhao. Zhao, however, continues to maintain his influence in the cryptocurrency industry. It is stated that it plans to make investments especially in artificial intelligence and biotechnology and focuses on developing educational platforms.Frequently Asked Questions (FAQ)You may still have questions about BNB and the Binance ecosystem. Below, we'll explain what BNB is, how it works, its uses, and its relationship with Binance:What is BNB and what does BNB do?: BNB is a cryptocurrency on the Binance platform and stands for “Build and Build” (formerly Binance Coin). BNB offers trading fee discounts on Binance's exchange, and is used to trade on Binance Chain (BNB Chain) and Binance Smart Chain. In short, BNB works as the fuel for Binance's vast crypto ecosystem. BNB is also useful in many areas. Its most well-known feature is that it provides transaction fee discounts on the Binance exchange. Also, in response to the question of what Binance coin does, BNB is used to pay the fee (gas) of all transactions on the Binance Smart Chain. Apart from that, BNB also serves different purposes such as participating in new token sales on Binance Launchpad, buying NFTs, paying with Binance Card. In other words, BNB is a versatile coin with both in-exchange benefits and a wide range of uses in blockchain applications.How to buy Binance Coin: To buy BNB, you first need to create an account on the Binance exchange and complete the authentication process. You can deposit fiat money into your account via credit card, bank transfer or other supported payment methods. You can then select BNB from the “Buy Crypto” tab to make the purchase. Alternatively, you can trade BNB directly with other users via Binance's P2P platform. You can store your purchased BNB in your Binance wallet or transfer them to supported wallets such as Trust Wallet.What is BNB coin burn: BNB burning is a process to reduce the amount of BNB in circulation. Every quarter, Binance permanently removes a certain amount of BNB from circulation by buying it back from the market. This is designed as a deflationary mechanism to maintain and increase the value of BNB. Launched in 2021, the automatic burn mechanism determines the amount of BNB to be burned based on the BNB token price and the number of blocks on the BNB Smart Chain. The goal is to reduce the total supply to 100 million BNB.Where is BNB used? BNB is used in many areas in the Binance ecosystem. It provides discounts when used to pay trading fees on the Binance exchange. BNB is required to invest in new projects on Binance Launchpad. It is also used as a means of payment in DeFi apps, NFT marketplaces and various dApps on Binance Smart Chain. BNB is also accepted as a payment method in areas such as travel bookings, entertainment and online services.Can BNB be staked: Yes, BNB can be staked. So, what is BNB staking? Binance Smart Chain uses the Proof-of-Staked Authority (PoSA) consensus mechanism and users can contribute to the security of the network by staking BNB. In exchange for the staked BNB, users earn rewards. BNB staking can be done on the Binance platform through services such as “Binance Earn” or “BNB Vault”. It is also possible to stake BNB through supported wallets such as Trust Wallet.Is the supply of BNB limited: Yes, the total supply of BNB is limited. Initially, there was an initial supply of 200 million BNB, which is being reduced by Binance's regular burns. The goal is to reduce the total supply to 100 million BNB. This limited supply and regular burn mechanism supports a deflationary structure designed to maintain and increase the value of BNB.Follow our JR Kripto Guide series for the latest content on BNB and the Binance ecosystem!
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23 Jun 2025
What is Aave (AAVE)?
With the wind of DeFi (decentralized finance) in the crypto world, it has become possible to give and receive loans without banks. Aave is one of the major protocols at this point. Aave is an open-source lending and borrowing protocol running on the Ethereum blockchain, which allows users to lend and borrow crypto assets without the need for intermediaries. In short, thanks to Aave, you can get a loan with collateral or start earning interest by providing liquidity with a few clicks from your wallet. Here's everything you need to know about this interesting crypto project, which has become a giant since its launch...Definition and Emergence of AAVEAave is one of the leading protocols in the world of decentralized finance (DeFi). Basically, it is described as a non-custodial and open-source liquidity protocol that allows users to borrow, lend and earn interest on crypto assets. It works without the need for intermediary institutions in the traditional financial system. The answer to the question of what is Aave is that this platform functions as an Ethereum-based credit system. As a defi lending protocol, it allows users to interact directly with each other or with the platform's liquidity pools through smart contracts. Users can earn interest by supplying their assets to liquidity pools, while they can access funds through collateralized borrowing from these pools. An example of Arbitrum Market (V3) based loanable coins on AAVE. Source: Aave.com Aave has its origins in a project launched in 2017 under the name “ETHLend”. The initial concept of ETHLend was to provide a peer-to-peer platform for decentralized finance applications that matches borrowers and lenders. The project raised nearly $17 million in funding through a successful Initial Coin Offering (ICO). However, the peer-to-peer model faced liquidity issues and inefficiencies, especially during the bear market in 2018. These challenges pushed the team to completely redesign the platform. A new parent company, Aave, was established in late 2018. Aave means “ghost” in Finnish. The new platform implemented a liquidity pool system where lending rates are determined by an algorithmic function.The ETHLend platform was closed with the launch of Aave V1 in January 2020. This rebranding and technological shift made Aave a major player in the DeFi space. Aave offers a secure and efficient money market that automates credit transactions with smart contracts.AAVE's History: Key MilestonesAave's evolution has paralleled the growth of the DeFi ecosystem. Here are the main stops on Aave's journey:Founded in 2017: The project was founded as ETHLend by Finnish entrepreneur Stani Kulechov. A lawyer with an interest in RegTech (Regulatory Technology), Kulechov was exploring how digital solutions could change the legal and regulatory functions related to finance. ETHLend held an ICO in November of the same year, and this is generally considered the starting point for the Aave launch date. The ICO issued 1.3 billion LEND tokens, 75% of which were offered in a token sale. About 17 million dollars in funding was raised. The initial concept was based on peer-to-peer lending.In 2018, the first steps for Aave were taken: Towards the end of 2018, a new parent company called Aave was established and the new liquidity pool model of the Aave lending platform was designed.In 2020, the rebranding happened: The Version 1 (V1) platform of the rebranded Aave protocol went live in January 2020. With this launch, the ETHLend platform was shut down. V1 offered a system using liquidity pools and algorithmic interest rates. In December of the same year, Version 2 (V2) was launched. V2 built on V1 and focused on new risk mitigation features and improved capital efficiency, taking into account the exponential growth of the DeFi ecosystem. Also in 2020, LEND tokens were converted into Aave tokens at a 100-to-1 ratio, resulting in a total of 13 million Aave tokens. An additional 3 million Aave tokens were created for the project reserve and protocol incentives. The management of Aave was transferred from the for-profit organization to token holders. Additionally, Aave Companies received investment in October 2020 with a $25 million venture capital round.2021 Aave Pro was released: Aave consolidated its dominance in the DeFi space. The Aave Pro (later rebranded as Aave Arc) platform targeting enterprise users was launched in July. Due to high Ethereum gas fees, the decision was made to expand to Polygon in April, then Avalanche.In 2022, it expanded to Polygon, Avalanche, Arbitrum, Optimism: Nearly 2 years after Aave V2 was released in December 2020, Version 3 (V3) went live on six different blockchains (including Polygon, Avalanche, Arbitrum, Optimism) in March 2022. V3 is the most significant upgrade to the Aave protocol. It introduced innovations such as multi-chain support (such as Polygon, Avalanche, Arbitrum, Optimism, Base) and the “Portal” feature. The Portal feature aims to increase cross-chain mobility by allowing cross-chain bridges to mint and burn aTokens representing Aave deposits. V3 also offers enhanced risk management tools (Isolation Mode, Efficiency Mode - E-Mode, Siloed Borrowing), improved capital efficiency and approximately 25% lower gas fees. The differences between V1, V2 and V3 can be seen in the table below:FeatureV1V2V3Launch2020Late 20202022Flash Loans✔️✔️✔️Cross-Chain❌PartialFull supportRisk ManagementLimitedIntermediateAdvancedGas Optimization❌Partial✔️ (approximately 25% lower)GHO launched in 2023-2024: Aave's native stablecoin GHO was launched on the Ethereum mainnet in July 2023. GHO is an algorithmic stablecoin backed by collateral surplus. As of April 2024, GHO was also deployed on the Arbitrum network via Chainlink's CCIP protocol. The Aave DAO plans to launch GHO on multiple networks over time. In November 2023, Aave Companies announced its rebranding to Avara and the acquisition of Ethereum-based crypto wallet Family in an effort to expand its Web3 reach. Aave Protocol and Aave Labs will continue to exist under Avara's umbrella brand. The company aims to go beyond DeFi and bring Web3 to global users with different use cases. Projects such as the decentralized social networking protocol Lens are also under the Avara umbrella. A V4 launch is also planned.Why is AAVE valuable?How Aave works and why it is important can be summarized in the following points, based on the main benefits offered by the protocol:The unbanked financial system puts Aave at the forefrontAave works without a central authority or intermediary. Users have the ability to borrow collateral and earn interest by lending their crypto assets, even if they do not have access to the traditional banking system. This democratizes access to financial services. This means that users have full control over their funds (non-custodial).One of the pioneers of the DeFi ecosystemAave is seen as a pioneer in the decentralized lending space. It brought an innovative solution to scalability issues in the industry by moving from ETHLend's peer-to-peer model to liquidity pools. It introduced revolutionary features such as flash loans. These are known as unsecured loans where the borrowed amount is repaid within the same blockchain transaction. In particular, the requirement of repayment within a “one-block” transaction makes flash loans unique. In the DeFi ecosystem, Aave is in the “lending” section. Source: Tokeny High liquidity, risk management and collateral structureAave is one of the largest DeFi protocols and hosts billions of dollars of Total Locked Value (TVL). This high TVL provides a deep pool of high liquidity for borrowing and lending on the platform. Liquidity pools allow lenders to deposit tokens and earn the bulk of the fees and interest that borrowers pay.Borrowers often have to maintain a collateralized borrowing position that exceeds the value of the borrowed funds. This overcollateralization mechanism protects the protocol and users and helps to ensure stability. Aave dynamically adjusts parameters such as LTV (Loan-to-Value) ratios and liquidation thresholds to reduce the risk of loans. Features introduced in V3, such as Isolation Mode and Siloed Borrowing, make it possible to list less liquid or more volatile assets as collateral, while improving overall protocol security. While sources mention specific collateral ratios such as 55% LTV (i.e. 200% collateral) using the LEND token during the ETHLend era, features such as E-Mode in Aave V3 could improve efficiency by providing higher borrowing power for certain correlated assets. Transparent structure and support for multiple blockchainsAave works completely transparent with its open-source structure. All transactions can be seen on the blockchain, users can connect with their wallets and track both past transactions and the current status of the protocol. The system, which initially worked only on Ethereum, is now active on many networks such as Polygon, Avalanche, Arbitrum, Optimism. Thanks to the cross-chain feature introduced with V3, Aave can be easily accessed from different ecosystems.AAVE token economy and functionsAn important answer to the question of what the Aave token does is governance. AAVE token holders are empowered to make decisions about the future of the protocol. Proposals for new features, asset listings, risk parameters and other adjustments are submitted and voted on through the Aave Governance Portal. Token holders can vote themselves or delegate their votes to others. This decentralized Aave governance token structure ensures that the protocol is driven by the community. AAVE tokens also gain value through a portion of the fees and spread collected by the protocol; these funds are used to purchase and burn AAVE tokens. Furthermore, AAVE token holders can benefit from discounts and improved terms when joining the platform.Delving deeper into the question of what is an aave coin, we find that the AAVE token has several critical functions for the protocol. As mentioned earlier, one of the most important answers to the question of what is an aave token for is the governance of the Aave protocol.AAVE tokens play a central role in the operations and security of the protocol. By staking AAVE in the Safety Module, AAVE token holders contribute to providing a backstop mechanism against the protocol's capital shortage. AAVE staked in the Safety Module helps to maintain collateralized borrowing positions in the event of a liquidity shortfall in the protocol (reserves used to cover illiquidity in lending pools). AAVE tokens staked in this module earn a staking return on treasury reserves. In the event of a deficit, a maximum of 30% of the staked AAVE can be slashed. In case the security reserves are insufficient, Aave treasury reserves will be used to cover the remaining deficit. There has been no need to support liquidity in the protocol to date. This functionality makes the AAVE token a “backstop” or support asset for the protocol.The AAVE token accumulates value through a portion of the fees and spread collected by the protocol. The spread and fees collected by the protocol are used to purchase AAVE tokens on the open market. Aave has committed to token burning. Sources state that about 80% of the fees paid on the platform are used for this burning purpose, while 20% is used to incentivize lenders. Ultimately, the goals of Aave reserves are to grow the ecosystem and increase token value. Because governance is decentralized, token holders can direct decisions about the use of the reserves.Over the years, the Aave coin price has fluctuated with the market. For example, the LEND token reached an all-time high of $0.442615 in January 2018. According to CoinMarketCap, AAVE's all-time high price was $541.28. As of 2025, the AAVE token is trading at around $160. However, current prices are constantly changing. In summary, the AAVE token plays a central role in the protocol's governance, security (through staking), value accumulation (through burning) and user incentives. AAVE price chart since its launch Innovative features: Flash loans, loan delegations...Aave offers innovative features that stand out in the industry. Flash loans, a feature that enables unsecured borrowing that must be repaid in a single blockchain transaction, has opened up use cases such as arbitrage, debt restructuring and collateralized borrowing swaps. Credit Delegation allows one user to delegate borrowing power to another user. The platform offers a choice of floating and fixed interest rates that dynamically adjust according to market conditions. Collateral Swapping allows to swap collateral without exiting the borrowing position.Aave not only maintains its existing services in the field of decentralized finance applications, but is constantly exploring new areas and expanding its ecosystem. Technical updates are planned, such as the launch of V4. This is likely to expand the answers to the question of what is Aave v3, which started with V3, and push the protocol's capabilities even further.GHO stablecoin expands ecosystemGHO is a decentralized stablecoin belonging to the Aave ecosystem. Users can mint GHO by pledging collateral. Controlled by Aave DAO, this system allows the platform to offer a self-contained lending experience.Institutional adoption and broad visionAave is bridging the gap between traditional finance and DeFi by exploring enterprise-grade products (such as Aave Arc) and companies like Valour launching AAVE ETPs.Who is the Founder of AAVE?The answer to the question of who is the founder of Aave is the person who has been leading the project since its inception: Stani Kulechov. Stani Kulechov is the founder and CEO of Aave. He is also the founder of ETHLend. Sources describe him as “a young, entrepreneurial Finnish lawyer”. Kulechov became interested in Ethereum while studying law at the University of Helsinki and discovered its potential impact on the traditional financial system. He was particularly interested in RegTech (Regulatory Technology) and how digital solutions could change legal and regulatory functions, including those related to finance. Stani Kulechov Kulechov is a self-taught programmer and has been programming since a young age. He launched ETHLend in 2017, creating one of the first DeFi DApps. Originally conceived as an Ethereum-based lending system, he later rebranded the platform as Aave, aiming to go beyond just ETH lending and include the broader crypto asset market.Stani Kulechov placed great emphasis on growing the project with the developer community in an open-source manner. His mission is to create tools for an open, transparent and fair financial ecosystem through the Aave Protocol. With the recent rebranding of Aave Companies to Avara, the Kulechov-led company aims to expand beyond DeFi and bring Web3 to global users. He is particularly interested in decentralized social finance applications and is excited about projects such as the Lens Protocol.Frequently Asked Questions (FAQ)As you read about Aave, some questions may have been cleared up, but some may still be lingering. In this section, we've collected the most frequently asked questions from traders and enthusiasts with short and clear answers. Here you can brush up on the basics and find out the important details you need to know before using Aave:What is AAVE and how does AAVE work?: Aave is a decentralized finance (DeFi) protocol. It allows users to lend, borrow and earn interest on crypto assets without the need for traditional financial intermediaries. The protocol works on a system of liquidity pools where lenders can earn interest by depositing tokens and borrowers can access funds instantly by providing collateral or through flash loans. Interest rates vary according to demand on a token-by-token basis.What does AAVE coin do?: The AAVE token has a central role in the operations and governance of the Aave protocol. It is used as the gravity center of protocol governance. AAVE token holders vote on Aave Improvement Proposals (AIPs) and make decisions about the future of the protocol. AAVE can be staked to a reserve pool called the “Security Module”. This pool is designed to protect the protocol in case of capital shortages and stakers earn rewards. AAVE token holders are entitled to receive discounts on fees and improved terms when joining the platform. Also, part of the fees paid on the platform are used to buy back AAVE tokens from the market.How to borrow money on AAVE: Users can borrow other crypto assets from Aave pools by placing their crypto assets as collateral. Borrowers are usually required to hold collateral with a higher value than the amount borrowed (over-collateralization). Aave also offers flash loans, which allow users to borrow unsecured funds on the condition that they are repaid within the same transaction.Is AAVE secure: Aave uses various risk management mechanisms to protect its users and the protocol. Loans are usually over-collateralized. There is a Safety Module that is used to provide liquidity in the event of a vulnerability in the protocol. The Aave protocol code is publicly available and auditable. The V3 code has been audited and officially verified by leading security firms. The protocol also has an ongoing bug bounty program. While no protocol is considered completely risk-free, extensive steps have been taken to minimize these risks.Which networks can AAVE be used on? Aave was initially launched on the Ethereum protocol. It is currently available on multiple networks, including Polygon, Avalanche, Arbitrum, Optimism and Base. What is AAVE governance: Aave is a fully decentralized, community-governed protocol by AAVE token holders. AAVE token holders collectively discuss, propose and vote on protocol upgrades and adjustments. This decentralized governance structure allows the community to have a direct say in the development of Aave.Check out our JR Kripto Guide series for comprehensive content on AAVE and DeFi protocols!
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23 Jun 2025
Middle East Tensions Hit Crypto Market: $650 Million Vanishes
The escalating geopolitical tension in the Middle East has caused a major shake-up in cryptocurrency markets. US President Donald Trump's declaration of the airstrikes on Iran's three nuclear facilities as "successful" and his statements that stronger retaliation would be carried out if necessary have caused panic among investors. These developments, which came after the clashes between Iran and Israel, have created anxiety in global markets. Cryptocurrency investors in particular have suffered heavy losses due to the sudden increase in volatility. This sharp decline became quite obvious on the evening of June 22. The market later recovered slightly.Crypto market value fell to $3.1 trillionIn the shadow of these developments, the total value of the cryptocurrency market fell by 1.50 percent in the last 24 hours to $3.1 trillion. There was a significant increase of 26.23 percent in trading volume in the same period, and the total volume reached $136.38 billion.The leading cryptocurrency, Bitcoin (BTC), fell 1.27 percent to $101,497. Ethereum (ETH) lost 1.99 percent to $2,241. XRP, on the other hand, is trading at $2.02, down 2.52 percent. While the level of fear in the market also increased, the Crypto Fear and Greed Index fell to 37.Liquidations reached $650 million: The bulls were trappedTotal crypto liquidations in the last 24 hours reached $650 million. While these liquidations affected more than 185 thousand investors, the majority of the positions (approximately $504.95 million) were long positions. In other words, while most investors had taken positions that prices would rise, these positions were closed at a loss with the sudden pullback in the market. The largest liquidation of the day was a long position of $35.45 million in the BTC-USDT pair on the HTX exchange. When looking at liquidations in terms of exchanges, Bybit led the way with $252.46 million, followed by Binance ($137.57 million) and Gate.io ($96.57 million). More than 90 percent of liquidations on exchanges such as Bitmex, Bitfinex and CoinEx consisted of long positions. This reveals how dominant the upward expectations are in the market and how sharply these expectations were broken.Losses deepened in altcoinsWhile Bitcoin's market dominance reached the highest level in recent cycles with 64.9 percent, the weakness in altcoins also became visible. Ethereum's market dominance fell to 8.7 percent. However, despite everything, some notable increases were also seen in the market. Story IP, which has a micro-market value, became the day’s top earner with a daily increase of 11.35 percent, followed by Four with 10.39 percent and Sonic with 7.68 percent.
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23 Jun 2025
SOL Comment and Price Analysis 22 June 2025
Solana Technical AnalysisLooking at the (SOL) chart, it is obvious that it has been forming an upward trend pattern since the end of 2023. This uptrend pattern has a wide ascending channel, and the price of the coin is trading within the lower middle band of this ascending channel where the area of $119–$123 appears as strong support. We could say that the local bottom area may have been found if the price tests this support area and reacts upwards. SOL Major Support Zone The price holding above this area will indicate that the price movement is a healthy pullback; however, if we witness daily closings below the level of $119, then the price may go down to the lower trend support step by step. Then the support levels $109, $105, and finally trend support $100 should be followed closely.In case the price moves upwards, we can follow the levels of $190 again, and later $218, and finally the trend resistance level.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
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22 Jun 2025
BCH Comments and Price Analysis 22 June 2025
Bitcoin Cash (BCH) Technical AnalysisLooking at the Bitcoin Cash (BCH) chart, it is obvious that the price of the coin has been forming an ascending trend for nearly two years since September 2023 and tested the level of $474.9. This rising price action since April, when it tested the lower band of the channel, took the price close to the critical resistance level of $509, which is where the buyers outperformed sellers many times before. Narrowing Triangle Formation There is a symmetrical triangle formation on the chart of BCH; the price has been trading within this formation and it has approached the upper band of it. The price may target the levels of $580 and $600 if the level $509 gets broken with an upward action and the price closes above it. We can talk about positive upward movement in the future if the descending trend in the upper band of the triangle gets broken. This action could trigger a potential rise in the price towards new areas and maybe to a new ATH.On the other hand, it is possible that the price will first go down to the strong support channel area around $410 and then to the stronger support level of $290–$300 if the price gets rejected at $509. Price could see an upward movement from this strong level if the buyers outperform sellers.In summary, BCH is drawing near to the decision moment around the resistance level of $509, which, if broken, can pave the way for a strong rise; however, we have the support level of $345 in case of a possible pullback. The ascending trend structure will continue as long as this level is not broken downwards.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
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21 Jun 2025
PNUT Comments and Price Analysis 21 June 2025
PNUT Technical AnalysisA falling wedge formation, also visible in the daily time frame, is more clearly seen on PNUT 4-hour chart. PNUT is currently trading between $0.2192 - $0.2306, which is a very critical horizontal zone. Falling Wedge Formation The price of the coin has tested the upper trend of the formation three times so far. It is highly probable that we will see an upward breakout of the price when there occurs a fourth-time trend test. And this is the target of the clearly seen falling wedge formation on the chart. In case the price goes down below the level of $0.219, our targets would be first $0.20 and then $0.195, which also acts as trend support level. However, if the price breaks out of the falling wedge upward, our possible targets will be $0.266, $0.307, and $0.360 respectively.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
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21 Jun 2025
EDU Comments and Price Analysis 20 June 2025
Open Campus (EDU) Technical AnalysisLooking at the EDU chart, we can see that the price has tested the lower band of the uptrend around $0.128, also the golden ratio support, which is a major Fibonacci support. This support zone has previously worked as buyers have been strong. EDU Ascending Channel Formation Price reactions are usually very strong in such structures. Upon studying the chart, it can be stated that possible upward reactions from here could take the price to the first resistance level of $0.1498.The market structure could turn to positive in lower time frames if we see closings above the level of $0.1498, and if this price level is exceeded, then it can go up to the price range of $0.17–$0.18. In case the price closes above this price range, we may get confirmation for a positive pattern and the price wants to go towards the upper band of the trend.We will lose two strong support levels if the price breaks down. We may start to speak of the price range of $0.1150–$0.1040 in case both the trend structure breaks down and the golden ratio support gets lost. If the price stays below this price zone, then the current descending pattern receives confirmation, which will probably cause increasing sell pressure. We should be following the previous liquidity area of $0.1000–$0.0960 below this level.In summary, EDU is currently stuck between a ‘reversal from support’ and a ‘trend breakout’ scenario. We could say that what will determine the certain direction of the coin price might be the price movements happening around this support level in the coming days.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
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20 Jun 2025
ID Comment and Price Analysis 20 June 2025
Space ID (ID) Technical Analysis – Latest Outlook Before Unlock$11.13 million (approximately 16.8% of the current market cap value) ID will be unlocked on Sunday, June 22nd. Find below a detailed technical analysis of ID coin in the eve of token unlock.Looking at the daily chart of ID, one can clearly see that the price of ID has been trading within a descending channel for some time since February. The price has tested the upper band of this channel a few times; yet, it has failed to hold on to this level, which has caused the negative pattern to continue. The price is currently trading at the lower band of the channel, around the $0.155–$0.150 support area. Falling Channel Structure As clearly seen on the chart, the price has again tested the red area, which has worked as a support zone that has left liquidity. We have two scenarios within this support area, the first of which is that the price may form a double-bottom and then move from the middle band of the trend towards the upper band of it. According to the second scenario, which is not positive, the price gets the liquidity and then it may break down towards the lower band of the descending channel as buyers cannot hold.To summarize, a possible strong reaction from the lower band of the descending channel could take the price to resistance levels and then maybe towards a breakout as the sell pressure on the resistance levels has decreased. Due to the weakness of the pattern here, the price could go down in search of a new bottom, where the level $0.13 appears as the lower band of the trend. Below the red area, we could see a reaction here. In case of a breakout of the price upwards, the strongest resistance zone would be the $0.2034–$0.2114 range, as this area is both the upper band of the trend and a strong Fibonacci resistance area.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
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20 Jun 2025
US-Based Company Invests $10 Million in SOL, XRP, SUI, TAO and HYPE
Everything Blockchain Inc. (EBZT), a publicly traded company based in the US, has announced a new investment plan that is drawing attention in the cryptocurrency market. The company plans to allocate a total of $10 million in capital to five different fast-growing blockchain networks, including Solana (SOL), Ripple (XRP), Sui (SUI), Bittensor (TAO), and Hyperliquid (HYPE). This move makes the company the first publicly traded US capital structure to focus on altcoins other than Ethereum before traditional investors.“While Bitcoin makes headlines, the real money is flowing into blockchain networks that are building the financial infrastructure of tomorrow,” said the company’s CEO Arthur Rozenberg, emphasizing the importance of these investments. According to the statement, Everything Blockchain’s goal is to gain an advantage by entering blockchain projects that are expected to attract great interest from institutional investors in the future.The first public divident model is on the wayEBZT’s plan is not limited to investing in these projects alone. The company aims to be the first to share the rewards it will obtain from the tokens it stakes directly with its shareholders: To be the first company to distribute crypto dividends in public markets. According to the statement, it is expected to generate approximately $1 million in annual income from staking activities, and a significant portion of this income can be distributed to investors as dividends.This strategy also sets EBZT apart from its competitors in the sector. For example, there are some companies that stand out with their investments focused on Solana:SolStrategiesJanoverAlthough these companies have raised millions of dollars in funds, none of them have a multi-token staking and dividend sharing model.Nasdaq target and roadmap for institutional capitalAs part of this strategy, the company has also initiated the process of listing on the Nasdaq exchange. The transition to Nasdaq could make it easier for EBZT to open up to institutional investors, making it one of the first major examples of institutional "treasury management" in the crypto market. According to an analysis published by Messari, the $36 billion annual staking market is still largely limited to private investors, and public companies entering the field offers a large window of opportunity. EBZT aims to take the lead in this market and maximize its "first-mover advantage". The company's low share offering (small float) and offering returns on multiple crypto assets make it an attractive alternative, especially for individual investors. While Wall Street has not yet fully entered this field, EBZT is acting with the logic of "early comer wins" by filling this gap. Although the statements are promising, EBZT's future success will depend on factors such as volatility in crypto markets, regulatory risks, and technical features.
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20 Jun 2025