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What is Ripple (XRP)?
XRP has been one of the most popular cryptocurrencies in the cryptocurrency world for many years. As the native token of RippleNet, it stands out especially for the innovative solutions it provides to cross-border payment systems. So, what is XRP, how does it work and why is it so important? Also, what does XRP coin do? In this guide, you'll find details on everything from the definition and history of XRP, to how it works and its future potential. If you're ready to discover everything about XRP, read on!Definition and Emergence of XRPXRP is a cryptocurrency, the native crypto asset of the RippleNet payment network. Its main purpose is to make cross-border money transfers fast and low-cost. XRP was designed as an alternative to the slow and expensive international money transfer systems like SWIFT that financial institutions around the world currently use. While it is often associated with Ripple, XRP is technically traded on a separate blockchain network that operates independently of that company. As of 2025, the XRP Ledger network is integrated with new features such as the issuance of stablecoins, decentralized finance solutions, and Ethereum-compatible sidechains.XRP was developed by Ripple in 2012. Its goal is to make cross-border money transfers over the blockchain technology-based XRP Ledger (XRPL) network fast, low-cost and reliable. Unlike Bitcoin, XRP Ledger uses a Unified Consensus Algorithm instead of energy-intensive mining. This means that network validators, as trusted nodes, can confirm transactions in seconds. Although XRP was initially called “Ripple”, the token was later renamed XRP and the network itself was renamed XRP Ledger to avoid confusion. The process on the Ripple network also allows for the transfer of money with cryptocurrency.So we can explain the difference between RippleNet and XRPL as follows: RippleNet refers to a payment network for global payments. XRP Ledger represents the technology infrastructure behind RippleNet. XRPL is an open-source and decentralized blockchain technology. Here's how RippleNet handles the payment process, as can be seen in the diagram below: The structure of the XRP Ledger is as follows: XRPL.org Since its emergence, the Ripple ecosystem has grown in collaboration with banks and financial institutions. XRP's main use case has been to provide liquidity as a bridge currency between different fiat currencies. By 2025, the XRP Ledger network aims to increase its integration into the financial world with new features such as the issuance of stablecoins (e.g. Ripple's dollar-indexed RLUSD stablecoin), enterprise solutions for decentralized finance, and even Ethereum-compatible sidechains. With these enhancements, XRPL is on its way to becoming a trusted infrastructure for global transactions for banks, fintech companies and institutions with its regulatory-friendly structure. In particular, the fact that the lawsuit filed against Ripple in the US began to be concluded in favor of the company in 2025 provided an important clarity that XRP is not a security. Thus, it reinforced the initial vision of the ecosystem.XRP's History: Key Milestones2025 was a critical year for XRP, both in terms of market success and regulatory victories. In the first days of the year, XRP rose to 3rd place among cryptocurrencies with a strong rise in its price. Thus, XRP became the third most valuable cryptocurrency after Bitcoin and Ethereum. Positive developments in the long-running SEC case and increased institutional interest in crypto in the global market played a major role in this rise. But XRP has a broader history. The milestones for XRP in general, the history of XRP is as follows:2012: The birth of Ripple and XRPOpenCoin (later Ripple Labs) was founded under the leadership of Jed McCaleb and Chris Larsen. In June 2012, the XRP Ledger was launched and the XRP token was launched. A total of 100 billion XRP was pre-produced, most of which was held by Ripple Labs. The project was initially inspired by Ryan Fugger's RipplePay idea in 2004 and developed a network that, unlike Bitcoin, relies on consensus verification, not mining.2017-2018: First big price spike XRP, which was worth just a few cents in early 2017, experienced a massive surge in value over the course of the year, in line with the general uptrend in the cryptocurrency market. In December 2017 in particular, the XRP price skyrocketed to several dollars. In early January 2018, XRP reached a historic high of over $3 (around $3.84), which remained a record price for a long time. This surge made XRP the second largest cryptocurrency by market capitalization at the time. However, as 2018 progressed, XRP was also affected by the general decline in the crypto market, with its price falling as low as $0.30 by the end of the year. Still, the 2017 rally helped XRP gain global recognition and get listed on major exchanges. January 2018 screenshot showing the largest cryptocurrencies. Source: CoinMarketCap December 2020: SEC litigation beginsThe US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple for allegedly selling unregistered securities. This led to sharp fluctuations in XRP's price, triggering one of the biggest uncertainties in the project's history.July 2023: Critical decision in the caseAfter nearly three years of legal battles, an important interim ruling was issued in the case. New York Southern District Court Judge Analisa Torres ruled that Ripple's sale of XRP on exchanges did not violate federal securities law. While this decision is seen as a victory that most sales of XRP are not securities, it was stated that only private sales to institutional investors can constitute unregistered securities. The SEC appealed this decision, but its appeal was rejected in the same year. Thus, the case ended partially in favor of Ripple. It took nearly 2 more years after this development for the legal process to truly come to an end.January 2025: XRP soars The XRP market experienced a historic rally. The XRP price broke the $3 level for the first time in 7 years, reaching its highest level since 2018. Still, it did not reach its record in 2018. However, with this rise, XRP's market capitalization crossed the $170 billion mark and became the third largest cryptocurrency after Bitcoin and Ethereum. XRP's performance was supported by the general recovery in the crypto market and the expectation that the new US administration will take crypto-friendly steps. XRP price chart since launch. March-April 2025: Critical moments in the trialThe case between Ripple and the SEC is nearing its end. Ripple CEO Brad Garlinghouse announced that after more than 4 years of struggle, “the moment we have been waiting for has arrived” and the SEC will withdraw its appeal. At the same time, it was reported that the case reached the closing stage with a settlement of approximately $ 50 million and the official result is expected to be announced shortly. This development signaled that the regulatory hurdles for XRP in the US market are about to be removed.In April, the court decided to stay the appeals process for 60 days to give the parties time to negotiate a settlement. Meanwhile, the head of the SEC, which is known for its anti-crypto stance in the US, changed; Gary Gensler was replaced by Paul Atkins, a pro-crypto figure. This change on the regulatory side has created a more favorable legal environment for XRP. Although the Ripple case is still a hot topic among investors, there is a general opinion that the process ended in favor of Ripple. This case, which lasted for quite a long time, was a process that wore investors out.Why is XRP valuable?There are many elements that increase the value of XRP and make it unique. These include speed, low cost, institutional adoption, regulatory clarity, technological innovation and market position. Let's examine these elements one by one:Fast and low-cost money transfersSo, what are the features of the XRP token? First, one of the most important features of XRP is its high speed and low cost. But is the XRP transfer time really that short? XRP Ledger has one of the fastest confirmation times among blockchains. Transactions are usually finalized within 3-5 seconds and transaction fees are extremely low. This makes XRP a faster, cheaper and more efficient alternative to traditional systems, especially for cross-border payments. Many banks and financial institutions have started to favor Ripple's payment network and XRP over traditional networks like SWIFT. So Ripple has become a SWIFT alternative.Partnership with giant companiesAnother important factor is institutional adoption. So far, Ripple has partnered with financial giants such as Santander and SBI. In 2018, Spanish banking giant Santander launched the first blockchain-based cross-border payment application (One Pay FX) in partnership with Ripple. Thus, XRP was winked for banking integration. In addition, Japan-based financial group SBI Holdings shows a strong presence in the Asian market by establishing close collaborations with Ripple. Founded in 2016, SBI Ripple Asia brings together 61 banks in Japan to offer instant payment solutions using Ripple's xCurrent technology. This consortium aims to increase the efficiency of banks in Japan in cross-border payments.As of 2025, these collaborations continue. Ripple has established an XRP fund with HashKey in Asia and partnered with Chipper Cash in Africa to create new payment corridors. In 2025, Ripple acquired a global prime brokerage company based in London called Hidden Road for $1.25 billion. This strengthened the XRP Ledger ecosystem with more than 300 institutional clients and over 50 million daily transactions. These developments increase XRP's transaction volume and reinforce its credibility in the financial world. Ripple CTO David Schwartz called the Hidden Road acquisition “a game-changing moment for XRP Ledger and XRP.”Legal clarity and technical infrastructure bring value to XRPLegal clarity and trust is also a key driver of XRP's value. By 2025, it became clear that XRP is not a security in the US. The settlement of the SEC case has boosted confidence in XRP and triggered the desire of major financial companies to develop XRP-based products. For example, giant investment firms such as BlackRock and Fidelity are reportedly preparing to launch XRP ETFs in the US. The consolidation of the legal landscape boosts XRP's credibility and supports its valueTechnological innovations and ecosystem development are also factors that increase the value of XRP in the long term. The XRP Ledger network is constantly evolving and the innovations planned for 2025 increase the value potential of the platform. The introduction of Ethereum-compatible EVM sidechains aims to bring smart contract-like transactions to XRPL. In addition, steps such as the change at the end of 2024 to reduce the amount of account reserves from 10 XRP to 1 XRP have made the network cheaper to use and encouraged more users to join. Tokenization capabilities on XRPL are also expanding. The Multi-Purpose Token (MPT) standard, which is being developed to represent real-world assets (gold, bonds, commodities, etc.) as tokens, marks progress in this area.If we look at the technology of the cryptocurrency, XRP was pre-mined when it was launched. So XRP is a pre-mined coin. The fact that it is not actively mined is also favored by investors. This means that a smart contract, not miner activity, controls the release of future tokens on the network. Perhaps it is this clarity that makes RippleNet stand out in the global payments infrastructure. As we've noted before, traditional cross-border payment systems face problems such as high transaction fees, slow processing times and complex regulatory requirements. To solve these problems, RippleNet uses blockchain technology to offer real-time messaging, settlement and payment processing between financial institutions. It is therefore hoped to be a permanent fixture in the global payments arena.Who is the Founder of XRP?More than one person was involved in the creation of XRP. The founder of the project is Jed McCaleb, who previously developed the eDonkey file-sharing network. In 2011, McCaleb came up with the idea of a payment ledger that would run on trusted nodes as an alternative to energy-hungry Bitcoin mining, a concept that later became the core of the XRP Ledger. In 2012, McCaleb, along with computer engineers David Schwartz and Arthur Britto, launched the “Ripple” project, coding XRPL. Soon after, Silicon Valley entrepreneur Chris Larsen joined the team and together they founded Ripple Labs. As the project's first CEO, Larsen played a key role in growing the XRP ecosystem through bank deals and investor relations. Ripple CEO Brad Garlinghouse. Source: Bloomberg Jed McCaleb left his technical leadership role at Ripple in 2013 and went on to found a similar payment protocol called Stellar (XLM). McCaleb, who came to prominence by gradually selling off around 9 billion XRP as he left Ripple, made billions of dollars from these sales and became one of the richest names in the crypto sector by 2025. He is currently working on blockchain and space technology startups (such as Vast Space).Chris Larsen has remained on Ripple's board as Chairman and is particularly active on regulatory reform and environmental sustainability in the blockchain sector. David Schwartz, another founding engineer of XRP Ledger, is now Ripple's CTO (Chief Technology Officer), leading the technical development of the network.The company's current CEO, Brad Garlinghouse, has led Ripple since 2015, although he was not part of XRP's original founding team. Under Garlinghouse's leadership, Ripple has made many deals with banks and financial institutions to increase XRP adoption and successfully managed the SEC litigation process. Indeed, Garlinghouse heralded the imminent conclusion of the SEC case in March 2025, calling it “a major victory for XRP and the company in every respect.”Frequently Asked Questions (FAQs)As a result, Ripple has long been the focus of veteran cryptocurrency traders as it is a well-established company and is behind XRP. Moreover, it continues to come to the fore with its continuous collaborations. In this section, you can find frequently asked questions and answers about XRP and Ripple:What is XRP and how is it different from Ripple? XRP is a cryptocurrency developed by Ripple and is used to provide liquidity and accelerate cross-border payments in the global payment network called RippleNet. So, what is Ripple? While Ripple offers a payment infrastructure that uses XRP, XRP is a cryptocurrency and can be traded independently of Ripple. So the Ripple XRP difference is quite big.Who founded XRP?: XRP was developed by OpenCoin (later Ripple Labs), which was founded in 2012 by Jed McCaleb, Chris Larsen and Arthur Britto. In other words, this team is the answer to the question: Who is the founder of XRP? The team took over a previous project called RipplePay and created the XRP Ledger.When did XRP come out? XRP entered the market in 2012 and became the core crypto asset of RippleNet.How XRP works and which organizations use it: XRP is a decentralized cryptocurrency that runs on the XRP Ledger, enabling fast and low-cost payments between financial institutions. Through RippleNet, institutions such as Santander, SBI Holdings, SBI Remit use Ripple and XRP technology.Is XRP reliable, why is it so controversial: XRP is controversial for its decentralization. This is because Ripple Labs controls a large portion of the XRP supply. XRP is also controversial because of its long legal battle with the US securities regulator. During the case, many cryptocurrency investors questioned whether XRP was a security.Has the XRP case been finalized? Yes. The XRP SEC case, which began in December 2020, maintained legal uncertainty over XRP for a long time. But in July 2023, the court ruled that XRP was largely not a security. By 2025, the outcome of the XRP case was finalized. The SEC dropped its appeal and a $50 million settlement was reached between the parties. These developments created a definitive legal ground that XRP is not a security.Explore our JR Crypto Guide series to understand the impact of XRP and Ripple technology in the world of finance!
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19 Jun 2025
Fetch.ai Buys Back $50 Million in FET
Fetch.ai, which sits at the intersection of artificial intelligence and blockchain technologies, has announced plans for a major $50 million buyback for its native token FET. The strategic move, announced by the company’s CEO Humayun Sheikh, aims to “both rebuild investor confidence and increase the value of the token,” according to the statement. This move, along with the increasing adoption of ASI1 and Fetch.ai’s agent-based platform, has drawn attention in the cryptocurrency market.What does the token buyback mean for FET?The buyback process, which will be conducted by the Fetch.ai Foundation, will be carried out on different exchanges and with the support of market makers. Company officials state that this process will not only reduce the token supply and create upward pressure on the price, but will also reinforce confidence in the project’s long-term vision. CEO Humayun Sheikh made the following statement on social media:“With the increasing use of ASI1 and our agent-based platform, we are observing that the utility of FET has increased significantly. Therefore, I think the current value of FET is low. With the support of our market makers, the Fetch.ai Foundation will repurchase a total of $50 million worth of FET tokens from the markets.”Market reactions and price movementsMarket analysts state that such large repurchases usually lead to short-term price increases and increase investor confidence. Indeed, following the news, the FET token gained 4.07% in value in the last 24 hours and was trading at $0.68 at the time of writing. In the last 90 days, FET has seen a 33% increase. The token’s 24-hour trading volume reached approximately $145 million. With the announcement of the repurchase program, investors’ eyes have turned to Fetch.ai again. The company’s approach to Binance’s BNB buyback strategy could steadily increase the value of its token in the long term.Fetch.ai is trying to gain a significant place in the Web3 ecosystem, especially with its autonomous agent technology and AI-powered solutions. In short, Fetch.ai is a blockchain-based platform that allows users to develop AI-powered digital “agents.” These agents can search for information on behalf of a user, automate transactions, or communicate with different services. Everything is decentralized, meaning these agents operate completely under user control without being subject to a specific authority.Thanks to the tools offered by the platform, users can interact with these agents through both technical and non-technical means. For example, the AI model called ASI-1 Mini can operate with low system resources and can be accessed via mobile. While Fetch.ai brings AI to the Web3 world, it also aims for users to benefit directly from this process.
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19 Jun 2025
Sol Strategies, a Canadian Fund Firm Focused on Solana, is Expanding to Nasdaq
Canadian-based crypto asset management firm Sol Strategies has taken an important step towards opening up to the US capital markets. The company has made its official application to the US Securities and Exchange Commission (SEC) to be listed on Nasdaq in order to grow its strategy focused on Solana (SOL). The company, which announced a new financing agreement of $500 million during the same period, aims to increase Solana assets and expand its validator infrastructure with this source.A Nasdaq application from the Canadian company SolanaCanadian-based crypto asset management firm Sol Strategies has taken its first official step towards opening up to the US stock exchanges. On June 19, the company filed Form 40-F with the US Securities and Exchange Commission (SEC) in order to be listed on the Nasdaq Capital Market. The shares of the company, which will have the new symbol "STKE", are currently traded on the Canadian Securities Exchange under the ticker "HODL" and on the over-the-counter (OTC) markets in the US under the ticker "CYFRF". Following the filing, Sol Strategies’ Canadian share price rose 4% from $2.28 to $2.38. Ontario-based Sol Strategies has become one of the rare institutional players to focus on Solana in recent years, moving away from major assets like Bitcoin. The company, which completely divested its Bitcoin holdings by the end of 2024, officially announced its transition to a treasury strategy focused on Solana in a shareholder letter dated January 29, 2025.As of May 2025, Sol Strategies reportedly held a total of 420,355 SOL tokens. Of this amount, 268,671 are actively staked through the company’s own validators. This staking process, in addition to providing passive income; contributes to the Solana network, indicating the company’s role in the ecosystem. The total value of the recent purchases is calculated at approximately $4.7 million.$500 million funding dealIn April 2025, the company signed a $500 million convertible note deal with New York-based investment firm ATW Partners. This deal gave the company the opportunity to increase Solana assets and expand its infrastructure investments without compromising its equity.A large portion of the fund will be used to expand the company’s validator network and technological infrastructure. The convertible note structure is known for offering the flexibility to convert debt into equity depending on market conditions.Solana price is stagnantDespite all these positive developments, there has been no noticeable increase in Solana price. As of June 19, SOL price fell by 1.62% to $146.38. There was a decrease of approximately 9% on a weekly basis and 13.6% on a monthly basis. Despite this, Solana continues to be among the top ten cryptocurrencies with a market value of $77.2 billion.In the meantime, we are seeing interest from institutional investors in altcoins like Solana. Companies such as Nasdaq-listed Classover Holdings and Hong Kong-based MemeStrategy have similarly announced plans to create Solana treasuries. The growing likelihood of Solana ETFs being approved in the U.S. is also supporting the interest.
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19 Jun 2025
Interest Rate Decision Remains Steady, Trump Escalates Tensions: How Did Cryptocurrencies Move?
Cryptocurrency markets were eagerly awaiting the US Federal Reserve's (Fed) interest rate decision on Wednesday and the speech of Fed Chair Jerome Powell. In addition, US President Donald Trump's statements regarding the Iran-Israel tensions drew attention in the market. So, how did all this affect cryptocurrencies?The Fed's interest rate decision was announced in line with expectationsCryptocurrency markets generally maintained their resilience despite both the US Federal Reserve's (Fed) interest rate decision and the increasing geopolitical tensions in the Middle East. However, there is a volatile picture beneath this calm outlook. Although major assets such as Bitcoin (BTC), Ethereum (ETH), XRP and Solana (SOL) experienced short-term gains after the Fed kept interest rates steady at 4.25%-4.50% in line with expectations, a clear direction for investor sentiment still remains uncertain.The Fed’s economic projections released on Wednesday showed that two interest rate cuts were still on the table by the end of 2024, but expectations for 2026 and 2027 pointed to a slower rate cut process. Chairman Jerome Powell’s “wait-and-see” approach delayed markets from finding a clear direction, while also revealing the fragility of altcoins. In particular, artificial intelligence and real asset (RWA)-themed tokens lost 4.8% and 3%, respectively. Tensions are rising in the Middle EastOn the other hand, the escalating tensions in the Middle East were another factor that increased anxiety in the markets. News that the US was considering a direct military intervention in Iran suppressed risk appetite in both traditional and cryptocurrency classes.While the tension between Iran and Israel continues, remarkable statements continued to come from US President Donald Trump. Speaking to reporters, Trump stated that he wanted to end the conflicts in the region, but avoided giving a clear answer on whether the US would make a military move against Iran.Claiming that Iran was in a defenseless position, Trump said, “I can’t say we won’t strike Iran.” He added that he had called on the Iranian side to come to the White House, but that this opportunity was not taken advantage of. He stated that the country’s air defense systems had been largely disabled and that he had a phone call with Russian President Vladimir Putin, who could also take on a possible mediation role.Trump indicated in his statements that patience with Iran was running out. He said, “We expect them to surrender, if they don’t, we will target military facilities,” and that possible scenarios were on the table. While acknowledging that no concrete gains had been made yet, he also emphasized that serious progress had been made.Trump, who drew attention to the fact that the coming days would be critical, stated that Iran had been posing a threat for years and that its desire to attain nuclear weapons capacity posed a great threat. “Next week will be very decisive, perhaps even sooner,” Trump said, signaling that developments in the region could take shape rapidly.Altcoins fell sharplyThis situation led to sharp sales, especially in altcoins. While XRP, Cardano (ADA) and Solana lost more than 1% in value in the last 24 hours, Dogecoin (DOGE) gave up its previous gains with a decline of nearly 10% on a weekly basis. Ethereum, on the other hand, erased its weekly gains and fell by 0.7%.Interest in Bitcoin ETFs continuesDespite all these developments, institutional interest in spot Bitcoin ETFs in the US drew attention. While $389 million in new inflows were recorded in just one day on Wednesday, $19 million in additional funds were flowed into Ethereum ETFs. This reveals that investors continue to seek a “digital safe haven” against volatility.Despite its 13% increase since the beginning of the year, Bitcoin has been on an indecisive course as of this week. “Bitcoin is caught between two worlds, neither responding to risk appetite nor bouncing on geopolitical risks like gold,” FxPro analyst Alex Kuptsikevich said.
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19 Jun 2025
What is Floki (FLOKI)?
Recently, many projects have emerged in the crypto world that attract attention not only with their technology but also with the community behind them. One of these is Floki, which takes its name from Elon Musk's Shiba Inu dog. Although it initially emerged as just a "meme coin", Floki has gone far beyond this image over time and has become a multi-layered project that has established its own ecosystem. Thanks to the vision of the developer team, the support of the community, and creative projects, Floki continues to attract the attention of both investors and crypto enthusiasts. In this article, we take a look at many details, from how Floki was born to the areas it is used in, from its technical development to its community structure.Definition and Emergence of FlokiThe name Floki is actually of Scandinavian origin and means "snowflake". Floki also appears as the name of one of the first Vikings to discover Iceland. However, in the crypto world, this name now has a completely different connotation. Inspired by the name Elon Musk gave to his Shiba Inu dog, Floki initially entered the market as a “meme coin,” a joke cryptocurrency. But things changed over time. Floki has transformed from being just a humorous internet figure into a multifaceted ecosystem that thrives on the power of its community and the projects it offers.Technically, Floki works on both Ethereum and BNB Smart Chain (BSC). Thanks to this dual-chain structure, it can both benefit from Ethereum’s vast ecosystem and offer a user-friendly experience with the low transaction fees offered by BSC. The total supply of the FLOKI token is 10 trillion, and the project uses a burn mechanism to reduce this supply over time. A small portion of the token is burned with each transaction, which reduces the supply in the long run. Floki’s areas of use are also expanding. Steps have also been taken on the staking, NFT projects, and metaverse fronts.In short, it is no longer enough to just say “meme coin” to those asking, “What is Floki?” Because Floki has become an active and vibrant crypto project that aims to produce work that has real-world value with the support of the community behind it.Inspiration for FLOKI: Elon Musk postThe story of Floki's birth is a true internet classic. In June 2021, Elon Musk wrote on Twitter that he would adopt a Shiba Inu dog and name it Floki. This post caused a stir in the crypto community. Knowing that Musk had previously been influential in the rise of "meme coins" like Dogecoin, a group of developers wanted to capitalize on this excitement. Thus, a new cryptocurrency called Floki Inu was born. Musk's tweet went viral in a short time. Then, when he shared a photo of his dog with the caption “Floki is here”, things accelerated. After this post, Floki Inu's price increased by around 1000% in just two days and rallied up to 1500% in the first 72 hours. In short, this journey that started with a tweet has led to Floki Inu gaining a lot of attention and becoming a household name. As a result, the answer to the question “What does Floki Inu mean?” today is not limited to a joke or an internet meme. It refers to a project that has grown through the influence of social media, has been embraced by its community, and has established itself firmly in the crypto world.What is the launch date of Floki Inu?Floki Inu entered the market in June 2021, shortly after Elon Musk's tweet. The definitive answer to the question “When did Floki come out?” is the launch that took place right after this viral event. So it all started with a tweet and the community quickly embraced and grew the project.Why did Floki come into existence? What is its purpose?The main rationale behind the creation of Floki Inu was to utilize the viral potential of meme coin culture to build a strong community and to add value to the project with the energy of this community. The team behind the project aimed to follow a similar path, building on the community-driven approaches previously seen in Dogecoin and Shiba Inu. In addition, the project included different use cases and some donation-oriented initiatives. Floki's slogan “The People's Crypto” indicates that the goal is to create a structure that is open to everyone's participation. However, it is also seen as a marketing message. Although the project describes itself as a structure that is not just about short-term price movements, ultimately the success of such initiatives is largely shaped by the community's interest and trust in the project.Floki's History - Key MilestonesThe history of Floki started with Elon Musk's tweet, and soon took shape with important milestones.First release date and priceFloki was trading at a very low price when it was first released. Therefore, the question 'How much was Floki when it first came out? According to TokenInsight, the initial price of the coin was $0.00000140. The Floki exit price was first recorded on June 28, 2021, according to market data.Community growth and project direction changes: What happened?Floki has quickly built a community of its own. It goes by the name “Floki Vikings” and has built an active network of communication and promotion around the project. Initially perceived as just a meme coin, with the support of the community and the vision of the development team, Floki has taken important steps towards becoming a more comprehensive project. This change in direction has been driven by efforts to expand its use cases and philanthropic initiatives. For example, the collaboration with Kimbal Musk's “Million Gardens Movement” gave Floki a philanthropic dimension. In addition, early-stage startups Valhalla, a play-to-earn metaverse game, FlokiPlaces, an NFT marketplace, and Floki University, an education platform, stood out.Valhalla Metaverse announcement impacts the marketOne of Floki's major milestones was the announcement of an NFT-based metaverse game called Valhalla. Valhalla offers a play-to-earn (P2E) model where players can interact using NFTs and earn FLOKI tokens. The development of Valhalla was a critical step in expanding the use cases of the Floki ecosystem and appealing to a wider audience. Currently, the test version of the game is live, as seen below, with the actual release planned for later. 2023-2024 period: Ecosystem expands2023 and 2024 were eventful years for Floki. During this period, the project started to show itself not only in the crypto market, but also on the product and service side. For example, the platform called FlokiFi made a name for itself on the DeFi side. Developed as a system that allows users to securely lock their NFTs and tokens, FlokiFi is still actively being updated. For example, the total value of locked tokens on FlokiFi is currently over $64 million: In the same period, Floki University was announced, focusing on the education side. This project, which aims to educate more people in the crypto world, aims to attract new users to the ecosystem. Another planned project, FlokiPlace, was announced as a marketplace where NFT and physical products can be traded, but it has not yet been fully realized.Floki has also made some marketing waves in these years. From London buses to Times Square in New York, Floki has attracted attention with major campaigns. The three-month-long advertising campaign launched in Times Square in March 2024 once again demonstrated the project's ambition. Floki at Times Square Collaborations with the world of sports have also increased the visibility of the project. Sponsorship agreements with football clubs such as Bayer Leverkusen and a partnership with Kings World Cup Nations were important steps that supported Floki's goal of expanding its audience. In particular, the millions of views reached through Kings World Cup Nations contributed to the global promotion of the project.Towards the end of 2024, a crypto debit card that can be used in Europe was also launched in cooperation with Mastercard. The card supports 13 different cryptocurrencies and can be used in a total of 31 European countries.All-time price records and price movementsFrom the beginning of 2024 until October of the same year, the price of Floki experienced a remarkable increase: a rise of over 471%. Floki's highest price so far was $0.000320 in June 2024. This was also Floki's peak in terms of market capitalization. However, due to the nature of the markets, there were also declines after this peak and the price stabilized over time. FLOKI price from 2021 to 2025 Why is Floki Valuable?At first glance, Floki may seem like a “meme coin”, but with projects such as Valhalla, FlokiPlace, FlokiUniversity, it has tried to show that it aims to be more than just being labeled with this label. Its value is shaped not only by its price, but also by the community, vision and use cases behind it.Floki Vikings The strong and active community behind FLOKIFloki has a very active community behind it. Calling themselves the “Floki Vikings”, this group supports the project on social media, spreading the campaigns and attracting new users. Community influence plays an important role, especially in these types of coins. Floki has also benefited significantly from this interaction. However, this model is also subject to fluctuations; when the community's activism wanes, the impact on the project can also decline.Education and social responsibility visionFloki is trying to add another dimension to the project with the discourse of “social benefit”. For example, it aims to offer crypto education with Floki University. It is also involved in social responsibility projects such as building schools in developing regions. Steps such as cooperation with Kimbal Musk's “Million Gardens Movement” and donations for animal welfare are part of this vision. Of course, the impact of all these initiatives depends on whether they will be sustainable in the long term.Social media and brand perceptionSocial media plays a huge role in Floki's promotion. The fact that it was inspired by Elon Musk's dog initially attracted a lot of attention. In this way, a bridge was built between “meme culture” and the financial system. Elon Musk's tweets can still influence Floki's price. But at the same time, dependence on such external influences can also make the project volatile.Products and usesFloki has developed several products under the “ecosystem, not just coins” discourse. Valhalla, a metaverse game, offers a P2E (win-win) model with the use of NFTs. As mentioned above, FlokiFi provides DeFi services such as asset locking. FlokiPlace, which is not yet fully operational, is planned as a marketplace for NFT and product exchange.In addition, thanks to collaborations with platforms such as CryptoCart and XCUR, it is now possible to buy products from various stores with FLOKI token. The Floki debit card issued in Europe stands out as another step targeting daily use. The common point of these initiatives is to try to turn FLOKI into a tool that can be used, not just a token that can be held and sold.Who is the Founder of Floki?The team behind Floki, like many meme coin projects, consists of a group of developers who prefer to remain anonymous.The development team and the role of the Floki communityFloki was created by some enthusiastic members of the Shiba Inu community following a tweet from Elon Musk. This anonymous team of developers came together to bring the project to life. Team members include people using pseudonyms such as 'B', 'Sabre' and 'MrBrown Whale'. The project is led by blockchain veteran Jackie Xu. From the beginning of Floki, the team has valued the community's opinions and is working to incorporate their active participation into the project. Over time, a community called “Floki Vikings” formed, and this group played an important role in many stages of the project, from marketing to development.Anonymity, decentralization and DAO structureThe anonymity of Floki's development team is common in the crypto world. This may create uncertainty for some investors, but the Floki project has managed to transition to a DAO (Decentralized Autonomous Organization) system by adopting a decentralized structure. With this structure, FLOKI owners can make important decisions about the project through voting. This gives the community the opportunity to shape the future of the project. The DAO structure aims to make the project more transparent and community-driven. The DAO process can be seen below: Floki's place in meme coin cultureFloki is an important part of meme coin culture. After making its debut with Elon Musk's tweet, it quickly gained value thanks to the support of its strong community. Although Floki has made a name for itself through social media and viral marketing, unlike other meme coins, it refuses to be an asset based solely on speculation. Instead, it aims to create tangible use cases. Projects such as Valhalla, FlokiFi, Floki University and FlokiPlace are important steps in this direction. In addition, the importance it attaches to education and social responsibility projects is another factor that distinguishes Floki from other meme coins. Floki continues the meme coin culture in a fun and community-driven way, while also having the potential for long-term benefit creation and sustainability.Frequently Asked Questions (FAQ)Floki has gone beyond being just a meme coin and has built a robust ecosystem and a large community. In this section, we answer the most frequently asked questions about Floki.When and why did Floki come into existence? Floki emerged in June 2021, after Elon Musk announced that he would name his Shiba Inu dog “Floki”. The announcement had a viral impact, and Floki capitalized on this event to create community-driven value.Who founded Floki: Floki was founded by an anonymous team of developers. The team has been committed to community support from the start of the project.How Floki works, who controls it: Floki is a multi-chain token that runs on Ethereum and BNB Smart Chain. Floki, which has a decentralized structure, aims to involve the community more in decision-making processes by transitioning to a DAO (Decentralized Autonomous Organization) structure over time.How much was Floki when it first came out? While sources do not directly state an initial launch price, the first price identified by Platforms was $0.00000140 in October 2021. Since the initial prices of meme coins are usually very low, it is estimated that Floki's initial price was at a similar level.What does Floki do and why is it valuable? Floki has several uses, including the Valhalla metaverse game, the FlokiFi DeFi platform, the Floki University education platform, and the FlokiPlace NFT marketplace. It can also be used for real-world purchases through partnerships with CryptoCart and XCUR. Floki's value stems from its strong community, its vision for education and charity, its unique brand value, and its constantly evolving use cases.Is Floki limited or infinitely producible: Floki's total supply is limited to 10 trillion on both chains (Ethereum and BNB Smart Chain), with a fixed supply of 20 trillion in total. Furthermore, the project regularly uses a token burn mechanism to reduce the circulating supply. Therefore, Floki has a limited supply.For more on Floki's rise, vision and future, follow the JR Kripto Guide series.
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18 Jun 2025
What is Pepe (PEPE)?
A new coin is born every day in the crypto world. However, some projects attract attention not only with their technical promises but also with their aspects that appeal to the heart of internet culture. Pepe Coin is exactly this kind of project. Based on one of the most iconic memes of the internet, "Pepe the Frog", this coin stands out from the others with both its sense of humor and community power. While it entered the radar of cryptocurrency investors on the one hand, it also went viral on social media and filled our screens with frog green, this cryptocurrency actually has a much deeper and very entertaining story.What is Pepe Coin? How Did It Come Into Existence?Of course, giants such as Bitcoin and Ethereum are at the core of the crypto world. But we can say that this ecosystem has become a little livelier over time. Because categories such as meme coins have emerged. So, what is a meme coin? These coins are generally based on an internet joke, a meme or trends that we frequently encounter on social media. Pepe Coin has become the new star of this trend, which entered our lives with examples such as Dogecoin and Shiba Inu. It quickly attracted the attention of both crypto enthusiasts and the internet world.Pepe Coin, sometimes referred to as Pepe the Frog Coin, was launched on the Ethereum network on April 14, 2023 by a team of developers who kept their identities secret. The inspiration was the Pepe the Frog character created by Matt Furie in the early 2000s and instantly became an indispensable part of internet culture. Pepe, who first appeared in a comic book called “Boy’s Club,” has appeared with countless memes in every mood over the years and won the hearts of internet users. If you ask what Pepe Token is; This token is a community-oriented meme coin project that feeds on internet culture and has an ERC-20 standard created on the Ethereum network. We will talk about the technical details in a moment. The emergence of Pepe Coin is a good example of the transfer of internet jokes and community culture to the crypto world. If you ask, “What does this coin do?”, it actually does not offer a great technology or financial vision in the classical sense. But that is not the point anyway. The developer team brought Pepe to life on the Blockchain as a reflection of culture, with a bit of a sense of fun. The launch process was fast and effective, just like an internet phenomenon. It quickly spread and became a topic of conversation among social media and crypto communities. It somehow joined the social media cryptocurrencies. The project was completely entrusted to the community instead of a central owner. This both increased the sense of ownership and provided natural growth. Technically speaking, Pepe Coin is an ERC-20 token since it was built on the Ethereum Blockchain. This means that transactions are secured by Ethereum's infrastructure and processed through proof-of-stake (PoS) validators. In other words, it benefits from Ethereum's mature and reliable system. One of the most striking features of the project is its deflationary mechanism. A small amount of PEPE tokens are burned in each transaction, meaning they are permanently removed from circulation. This means that the supply will decrease over time and the value of the token may increase if demand remains constant or increases. In other words, Pepe Coin aims to create value by “making itself scarce”.In addition, Pepe Coin has a redistribution system designed to reward users. A small share of each transaction made is automatically distributed to existing token holders. This means that you can passively earn rewards by simply holding the PEPE token in your wallet. According to sources, this rate is around 1%. In other words, users who remain loyal to the community are rewarded.Another prominent feature of Pepe Coin is its free transaction policy. While many tokens charge extra transaction fees for buying and selling, PEPE has adopted a user-friendly approach in this regard. Since there are no taxes or transaction fees, it offers a more accessible and practical use.Steps were taken to gain trust during the token's launch process. 93.10% of the total supply was directly deposited into liquidity pools on Uniswap, and then the liquidity provider (LP) tokens representing these transactions were burned. If you ask what this means; This step can be interpreted as a confidence indicator that aims to keep the liquidity there permanently and to stay away from manipulation.History of Pepe Coin: Key MilestonesThe history of Pepe Coin began in April 2023, but this is no ordinary crypto story. It involves one of the internet's most iconic memes and the power of community. It all started with a listing on Uniswap. The starting price was almost zero: $0.000000001. That's why investors looking for a low-cost opportunity took an immediate interest. For those familiar with meme culture, this coin was no ordinary project, but the epitome of digital humor. When PEPE was first listed on Uniswap. 75 dollars of ETH was equivalent to 25 million PEPE. Pepe Coin really took off when it exploded on social media. When people started talking about the coin on Twitter (now X), Reddit and Discord, things really took off. Pepe the Frog had already been a symbolic figure of the internet for years, so the coin instantly had an identity and recognition. Some invested in it, some just made humor out of it, but in the end, everyone was talking about Pepe. Thus, crypto rose to the top of the humor projects.Time to play in the big leagues: Listed on Binance and other giant exchangesAfter the popularity of Pepe Coin, one of the prominent projects in the meme coin world, has reached a certain level, big players are now involved. Giant exchanges such as Binance and OKX took this meme coin on their platforms. This was a kind of “officialization” step. Because the listing of a cryptocurrency on such major exchanges means both reaching more users and gaining serious liquidity. As a matter of fact, this development also manifested itself in the Pepe Coin price. In just a few months, a previously unknown coin suddenly became a part of millions of people's portfolios.Journey to the top: ATH and its massive market capitalizationAfter its debut in 2023, the fast-growing Pepe Coin was a huge success, especially in May. It caught everyone's attention when its market capitalization crossed $1 billion, but the real record (ATH) came in May 2024: The coin's market capitalization surpassed $6 billion, reaching an all-time high ($0.00001535) that remained on record for a long time. Then, on December 9, 2024, it recorded its new ATH after a 2-year hiatus with levels of $0.00002825. Considering the all-time low of $0.00000000001062 on May 14, 2023, the day of its launch, it offered a 73,468,701% rise to its investors during its trading life. PEPE price since its launch. Of course, it is worth opening a parenthesis here: Meme coins can often rise and fall very quickly. Pepe Coin is no exception. The price is highly dependent on social media trends, posts and investor psychology. In recent months, even Elon Musk changed his profile picture on X, causing changes in the PEPE price. PEPE in a tight race with DOGE and SHIBWith the arrival of Pepe Coin on the scene, comparisons with the older generation of meme coins immediately began. Dogecoin's years-long rise and Shiba Inu's community-driven success have always been a reference point for a new generation of investors. But according to some analysts, Pepe Coin's much faster rise compared to these two projects points to its potential.Of course, the future of Pepe Coin is also questionable, as it is still a very new project compared to SHIB and DOGE. It is difficult to predict whether coins will survive in the cryptocurrency space in the long run. But we have to accept this: While it took four years for DOGE to reach a $1 billion valuation, it's no small feat for Pepe Coin to reach similar levels in less than a year. Meanwhile, it's worth noting that at the beginning of 2025, PEPE surpassed DOGE in terms of 24-hour trading volume. Thus, it became the first meme coin to surpass DOGE in this lane. The development was celebrated in the PEPE-focused thread on Reddit as follows: In addition to SHIB and DOGE, the comparison of PEPE with other meme coins as of April 2025 is as follows:Coin NamePrice (USD)Market CapCirculating SupplyBlockchainKey FeaturesPEPE$0.000008$3.27 Billion420.69 TrillionEthereumInspired by the internet-famous frog meme PEPEDogecoin (DOGE)$0.16$23.5 Billion132 BillionDogecoinThe first and largest meme coin; strong community supportShiba Inu (SHIB)$0.000012$7.3 Billion589 TrillionEthereumKnown as the “DOGE killer”; includes DeFi and NFT integrationsFloki (FLOKI)$0.000058$560.67 Million9.94 TrillionEthereum & BNB ChainInspired by Elon Musk’s dog; includes NFT and metaverse projectsBonk (BONK)$0.000012$966.69 Million93.5 TrillionSolanaFirst meme coin in the Solana ecosystem; community-drivenWhy is Pepe Coin Valuable?In the crypto world, some projects stand out not only for their technical details but also for their cultural impact. Pepe Coin is one of these cultural cryptocurrency projects. So, why is it so talked about and on investors' radar? Let's look at it from several angles.The power of the community should not be underestimatedA strong internet culture is behind Pepe Coin's rapid rise to popularity. The character “Pepe the Frog” has long been familiar to internet users through memes. This was an advantage for the launch of the cryptocurrency. In other words, instead of trying to create an identity from scratch, the popularity of an existing figure was utilized.There was also an active community on social media. This community continues to generate memes and content about Pepe Coin, organically increasing awareness of the project. In the crypto market, community support can often be as decisive as technical analysis.Early investors' earnings attracted attentionThe rapid price increase in the first days of Pepe Coin's launch meant significant gains for early investors. This attracted the attention of outside observers and triggered the psychological effect we call “fear of missing out” (FOMO). FOMO is a common investor behavior, especially in meme coins. Investors who see an asset rising rapidly tend to gravitate towards the project in order not to miss the opportunity. Pepe Coin has also benefited from this trend.Limited supply, deflationary mechanismPepe Coin's supply is limited to 420.69 trillion tokens. Although this number seems quite high at first glance, the supply is decreasing over time thanks to the burn mechanism implemented in the project. In the first phase, 50% of the total supply, or 210 trillion tokens, has already been burned. Of the remaining tokens, 93.1% were transferred directly into liquidity pools on Uniswap at launch, and the LP tokens representing these transactions were permanently burned.The remaining 6.9% is held in a multi-signed team wallet for centralized exchange listings, bridges and liquidity needs. The movements of this wallet can be tracked transparently on “pepecexwallet.eth”. The fact that supply remains constant and decreases over time means that when demand is stable or increasing, the value per token can potentially rise. This deflationary structure is among the factors shaping investors' long-term expectations.Pepe Coin follows Shiba Inu and DogecoinProjects such as Dogecoin and Shiba Inu have put the term “meme coin” into the crypto literature. While these projects seemed to have been born as a joke, they have since reached serious investment value. Pepe Coin, which initially appealed to investors looking for Dogecoin-like tokens and Shiba Inu alternatives, has emerged as a new member of this cultural trend. As with the early examples, it is more community and entertainment oriented than serving a technical purpose. However, this does not have to be perceived negatively by investors. The gains made by similar projects in the past have led investors to maintain their interest in such coins.In conclusion, there is no single reason for the interest and value of Pepe Coin. A combination of factors - community support, early price volatility, limited supply, and its fit with the existing meme coin culture - naturally makes the project stand out. The investment value is entirely dependent on variables such as market sentiment, speed of adoption, and how long term the community will act.Who is the Founder of Pepe Coin?The question of who is the founder of Pepe Coin has been a subject of curiosity since the beginning of the project. Pepe Coin, like many other meme coins, was launched by an anonymous team of developers. This anonymous structure is adopted to emphasize the decentralization principle of the project and to pursue a community-driven launch strategy. So, in fact, anonymity is a conscious choice. The anonymity of the development team aims to reinforce the message that Pepe Coin is a community-owned project and not under the control of any central authority. By choosing to remain anonymous, the developers of Pepe Coin seem to want to send the message that “This coin is no longer ours, but all of ours”. While this approach may be a source of concern for some investors due to the lack of transparency, many see it as an indication of the project's authentic and community-oriented nature.However, over time, some clues about who might be behind Pepe Coin have come to light. In particular, posts on social media and some major crypto platforms have turned the spotlight on a few names. In particular, statements by Not Larva Labs founder Jeremy Cahen (also known as Pauly) and authentications on major cryptocurrency exchanges suggest that Pepe's developer is Zachary Testa. Zachary Testa, a 26-year-old landscape photographer, is alleged to have bought a luxury Lamborghini with the proceeds from the Pepe Coin project. While these allegations have sparked controversy in the crypto community, the general understanding remains that Pepe Coin is officially an anonymous project and is managed by the community.In the crypto world, anonymous teams are not always seen as “dangerous”, but they do carry risks. Because in the past, some anonymous projects have deceived investors and disappeared. This is called “rug pull” in the industry. However, in the case of Pepe Coin, steps such as renounced contract ownership and the burning of liquidity-providing tokens can be considered as measures to mitigate potential fraud risks.Frequently Asked Questions (FAQ)If you have questions about Pepe Coin, you're not alone. This fun yet mysterious coin can confuse some investors, especially those unfamiliar with the meme coin space. Below, we have the answers to all these questions:What is Pepe Coin and what does Pepe Coin do? Pepe Coin is an Ethereum-based meme coin inspired by the internet meme “Pepe the Frog”. Its main function is to bring internet culture and memes to the crypto world, with features such as a deflationary mechanism and reward distribution to token holders. Although it lacks any core utility, it has gained popularity thanks to its community support and cultural appeal.Who founded Pepe Coin? Pepe Coin was founded in 2023 by an anonymous team of developers. Although there have been claims about the founder from time to time, the project is officially decentralized and community-driven. There is some information that Zachary Testa is the founder.When did Pepe Coin launch and what was the price of PEPE coin when it first launched? Pepe Coin entered the market in April 2023. In answer to the question of how much Pepe coin was when it first came out, the data shows around 0.000000001 dollars.Why has Pepe Coin become so popular? Pepe Coin's popularity is primarily based on the widespread recognition of the “Pepe the Frog” meme in internet culture. Strong community support, viral impact on social media platforms, and interest from speculative investors have also contributed to its popularity.Is the supply of Pepe Coin limited? Yes, the total supply of Pepe Coin is limited to 420 trillion tokens. There is also a deflationary mechanism in place by burning a small amount of tokens with each transaction.Is Pepe Coin suitable for investment? Pepe Coin, like other meme coins, is a speculative asset with the potential for high risk and high return. Its price can fluctuate significantly based on social media trends and community sentiment rather than fundamental factors. It is important to assess your risk tolerance and do your own research before investing. To keep up with Pepe Coin and other meme coin projects, be sure to check out the JR Kripto Guide series!
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18 Jun 2025
Six Companies Invest $884 Million in Cryptocurrencies: Target Bitcoin and HYPE
The cryptocurrency markets are entering a new era in corporate interest in crypto assets. Six different companies listed on the US stock exchange (DDC Enterprise, Fold Holdings, BitMine Immersion Technologies, Prenetics, The Blockchain Group and Eyenovia) have taken an important step in this area by allocating a massive budget of $884 million in total to Bitcoin and the HYPE token. $834 million of the investments were allocated to Bitcoin, while $50 million was allocated to HYPE, the native token of the Hyperliquid platform.Institutional demand for Bitcoin is strengtheningHong Kong-based DDC Enterprise has raised $528 million to purchase 5,000 BTC over three years. This funding was obtained through a $300 million convertible note, a $200 million loan and a $26 million equity increase. The company started this strategic acquisition plan with 21 BTC. US-based fintech company Fold Holdings aims to increase its Bitcoin reserves with a $250 million equity acquisition fund. The company currently has 1,490 BTC in assets, and it is estimated that it can purchase approximately 2,368 more BTC with this fund at the current Bitcoin price. On the other hand, a mining company called BitMine Immersion Technologies raised funds with a $16.3 million share issue. The company, which purchased 100 BTC on June 9, 2025, reached a total Bitcoin asset of 154,167 BTC. The average purchase price was determined as $106,033. According to Ecoinimist data, 61 publicly traded companies currently hold more than 3% of the total Bitcoin supply. This rate represents a 142% increase compared to 2023.The Blockchain Group, based in France, announced on June 18, 2025 that it had purchased 182 Bitcoins (BTC) by spending approximately $19.6 million. With this purchase, the company's total BTC reserves reached 1,653, and it was stated that this amount is worth approximately $170 million at current prices. The purchase was financed through bond and stock issuance from institutional and individual investors, including UTXO Management, Moonlight Capital, Ludovic Chechin-Laurans and TOBAM. In addition, the $1.84 million resource obtained by cashing out 2.98 million share options was used to purchase approximately 16 BTC. While the company's BTC return since the beginning of the year has reached 1,173%, ALTBG shares fell 1% on the same day despite this development. Finally, Prenetics Global, a health technology company traded on Nasdaq, became the latest company to join this trend with a $20 million Bitcoin investment. The company purchased 187.42 BTC through Kraken. CEO Danny Yeung stated that this step is just the beginning, and that it heralds a new era where healthcare and blockchain technologies intersect. With its financially strengthened balance sheet and new strategic partnerships, Prenetics aims to be the leading Bitcoin treasury company in the healthcare sector. Former OKX COO Andy Cheung joined the company's board of directors, while Tracy Hoyos Lopez, known as Donald Trump's Bitcoin advisor, was added to the advisory team.Eyenovia enters the DeFi world: $50 million in HYPE tokenBiotechnology firm Eyenovia rebranded itself as Hyperion DeFi and invested $50 million in HYPE token. With this investment, the company purchased more than 1 million HYPE tokens and started staking these tokens through the Anchorage Digital platform. Thus, Eyenovia became the first public company in the US to strategically own a HYPE reserve.HYPE is a token with staking, airdrop, and governance functions that runs on Hyperliquid’s Layer-1 blockchain. It ranks 11th in the cryptocurrency rankings with a market value of $13.69 billion as of June 18, 2025.
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18 Jun 2025
UNI Comments and Price Analysis 18 June 2025
UNI Technical AnalysisLooking at the UNI chart, it is clear that the price is trading within a certain ascending channel. The price, being rejected twice from the upper trend of the channel recently, has fallen below the horizontal support zone between $7.56–$7.43. If the price stays below this support zone, it could pull back to $7 – the middle band of the channel. The focus must be on the major zone in the $6.64–$6.76 range. Should this area get lost, the price could go down to the trend support level – around $6. The most significant level requiring attention is the middle band area, which is around $6.70.However, it can be stated that the big picture demonstrates high peaks and a positive outlook. In case the price breaks upwards, then the target would be as long as the channel length. Rising Channel Structure 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 market conditions. However, the responsibility for making transactions and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop loss (SL) in relation to shared transactions.
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18 Jun 2025
XRP and Solana ETF Applications Under SEC Review
The US Securities and Exchange Commission (SEC) has opened a public comment period for the XRP and Solana ETFs proposed by Franklin Templeton. These ETFs, which are planned to be listed on the Cboe BZX exchange, are undergoing the agency’s official evaluation process, with a final decision expected by July 2025. The SEC had previously approved spot Bitcoin and Ethereum ETFs; XRP and Solana are currently among the first major altcoin ETF candidates in the approval process.The SEC’s decision could shape the altcoin ecosystemA significant development has occurred in the cryptocurrency world: Asset management giant Franklin Templeton’s XRP and Solana (SOL)-based ETF applications have been taken under review by the US Securities and Exchange Commission (SEC). The public comment period for these funds, which are planned to be traded on the Cboe BZX exchange, will continue until July 2025. It is stated that if approval is granted during this process, there could be a significant break in the altcoin market. This step taken by Franklin Templeton, one of the leading firms in the field of traditional finance, has already attracted attention in the cryptocurrency field. Previously, institutional investors were seen to have entered the market on a large scale with the approval of spot Bitcoin ETFs. Now, a similar effect may be experienced in altcoins such as XRP and Solana.The fact that Franklin Templeton's XRP and Solana ETF applications are currently under SEC review indicates that these products have not yet been approved and are subject to a detailed evaluation process by the US regulatory agency. During this process, the SEC analyzes the application's compliance with the law, whether it sufficiently protects the investor, and whether it is open to the risk of manipulation in the market. In addition, the applications have been opened to public comment.Franklin Templeton is not the first company to apply for an ETF for XRP and Solana. Many asset management companies such as Bitwise, ProShares, and 21Shares have also applied to the SEC to launch similar products.There has been a noticeable change in the SEC's approach to crypto assets with the Trump administration. Under the leadership of new chairman Paul Atkins, the agency has recently withdrawn some major sanctions files against crypto companies.XRP and Solana are seeing increased activity: Will it reflect on prices?The increase in on-chain activity on the XRP network ahead of the SEC’s decision suggests that investors are already pricing in a potential approval. Similarly, the recent fluctuations in Solana prices are also linked to this expectation. According to market data, Solana (SOL) is currently trading at $148.09 and has a market cap of $78.17 billion. While trading volume decreased by 19.04 percent in the last 24 hours, there were increases of 6.22 percent in the last 60 days and 10.18 percent in the last 90 days.
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18 Jun 2025
Cyber Attack on Iran's Largest Crypto Exchange: $73 Million Missing
Iran's largest cryptocurrency exchange Nobitex has announced that it has been subject to a major cyber attack. According to the statements, the attack targeted the exchange's hot wallets and while it was initially claimed that there was a loss of $48.65 million, it was later reported that this amount reached $73 million. The allegations regarding the attack were revealed by blockchain detective ZachXBT.Statement from NobitexNobitex stated in a statement it made on X (former Twitter) on June 18 that its technical teams detected unauthorized access to the system. The company announced that it suspended all access immediately after the attack and launched a comprehensive internal security investigation. The statement emphasized that users' funds in cold wallets were safe and that all losses would be covered by Nobitex's insurance fund and its own resources.Exchange officials said, "Nobitex is fully responsible for this incident. Our users' losses will be fully covered." The company's website and mobile application were also temporarily closed during the investigation.Who is behind the attack?Investigating the details of the attack, ZachXBT stated that the suspicious transactions took place on the Tron network and that the wallet address used by the hacker contained a striking phrase such as “TKFuckiRGCTerroristsNoBiTEX…” The phrase “IRGC” (Iranian Revolutionary Guard Corps) in the address raised the possibility that the attack could be based on political motivation.According to ZachXBT, the attack was not limited to the Tron network. Suspicious exits from wallets belonging to Nobitex also occurred on Ethereum Virtual Machine (EVM) chains.Statement from the Israeli-linked hacker groupImmediately after the cyber attack, a hacker group identifying itself as “Gonjeshke Darande” (Turkish for “Sparrow of Prey”) claimed responsibility for the attack. In a statement made on the social media platform X, the group described Nobitex as one of the Iranian regime’s means of financing terrorism and evading global sanctions. The group said: “Nobitex is at the heart of the regime’s efforts to finance terrorism around the world and is used as a primary tool to evade sanctions. That’s why we launched cyberattacks against the platform.”Furthermore, the group’s statements claimed that Nobitex employees are considered military personnel under Iranian law and that the platform is part of the country’s defense and intelligence infrastructure. The hackers threatened to release Nobitex’s source code and internal data within the next 24 hours.Iran-Israel tensions spill over into cyberspaceThis incident showed that the recent escalation of tensions between Iran and Israel has spilled over into the cryptocurrency world. The political and ideological conflicts between the two countries have escalated into open conflict with mutual missile attacks in recent weeks. This tension has also led to volatility in cryptocurrency markets. According to market data, approximately $1 billion worth of positions were liquidated in the market since the clashes began, but the Fear and Greed Index still remains in the “greed” zone.
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18 Jun 2025
FIL Comments and Price Analysis 18 June 2025
FIL Technical AnalysisLooking at the FIL chart, we can see that there is a double-bottom formation possibility or an inverse head-and-shoulders formation in case the price reacts from the upper band of the channel again. It is clear on the chart that the price of the coin has recovered from the level of $2.00–$2.20 many times before, as this price zone has acted as a strong support so far. In short, the price moving within the descending channel could be forming a new bottom in the lower band of the channel for the time being. Falling Channel Structure The chart displays quick ups and sharp pullbacks following previous major downs; however, the pattern forming in a similar bottom area could be signaling a reversal in the price. $3.17 could be an ideal target in case of upward movements, and if it is passed successfully, other mid-term targets like $5.00 and $8.15 are technically possible.As seen on the chart, as long as the upper band of the channel, $5.00–$5.50 range, is not broken, it is highly improbable for the pattern to gain confirmation. If this price zone gets broken upwards, then the formation will be confirmed and major targets could be spoken of later.To summarize, Fil coin is trading in a bottom area where buyers seem strong. If the formation continues, then we could see a major reversal in the price 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 market conditions. However, the responsibility for making transactions and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop loss (SL) in relation to shared transactions.
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17 Jun 2025
APT Comments and Price Analysis 17 June 2025
Aptos (APT) Technical AnalysisAs clearly seen on the chart, the price of the coin has been trading in a descending channel for a very long time. This pattern, causing the price to react from the upper band of the channel with each upward movement, has started forming in January 2025 and still continues. Aptos is currently trading in a very critical area, close to the lower band of the channel, and intersects with the horizontal support. Falling Channel Structure The zone $4.30–$4.00 is where buyers are quite strong, and we see that the price has reacted from this support area many times before. Aptos price could go up to the $4.70–$4.90 range again with buying pressure coming from this support zone. However, the price range $5.48–$5.72 can be expected to act as an intermediate resistance in possible upward movements.The price needs to go above $6.40 for an upward breakout, as this price level appears to be the upper band of the descending channel. If this level is broken upwards, then we might see a quick rise up to the level of $7.25–$8.62; otherwise, the price could go up and down within a limited area in the descending channel. Aptos could offer a short-term buy opportunity if a bottom structure may form in the support area, even though the overall pattern does not look positive. Still, $3.70 could be on the table if the lower band of the channel gets 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 market conditions. However, the responsibility for making transactions and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop loss (SL) in relation to shared transactions.
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17 Jun 2025
FET Comments and Price Analysis 17 June 2025
FET Technical AnalysisLooking at the daily chart of FET/USDT, it is clear that there is a descending channel formation, which has perfectly worked up to this day since the beginning of 2024. FET Downward Channel The price of the coin is now trading in the middle band of this channel, where the level of $0.65–$0.70 acts as a major support. The price has reacted from this support level earlier. If there come daily closures below this support level, $0.69, the price might first go down to $0.53 and then to the channel trend support level of $0.33.In terms of upward movements, we first need to witness closures above $0.70 if we want to speak of the level $0.87, above which $1 — trend resistance level — may be the first target. Technically speaking, the next trend test will bring a breakout, which is highly probable.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 market conditions. However, the responsibility for making transactions and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop loss (SL) in relation to shared transactions.
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17 Jun 2025
New Turn in Ripple and SEC Case: All Eyes on August 15
The long-running legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs has been postponed once again. In a new notice of hearing filed with the U.S. Court of Appeals for the Second Circuit, the SEC requested that the appeals process be suspended for another 60 days. The request follows a joint filing by the parties in April, which also led to a 60-day stay in the case.Appeals suspended, parties seek settlementAs per the SEC’s latest request, the case has been officially suspended until August 15, 2025. This period gives the parties time to reach a settlement and ask the court to reconsider certain provisions. Two important issues stand out in particular:Removal of the permanent injunction against Ripple’s token sales to institutional investorsReduction of the fine to be applied from $125 million to $50 millionIf the parties reach an agreement and the court approves these proposed changes, the case will be significantly lightened from both a criminal and regulatory perspective. The court rejected the first attemptAs it will be recalled, in April, the SEC and Ripple jointly applied to the court and requested an “indicative decision” with the conditions set out above. However, this attempt was rejected by Judge Analisa Torres on May 15. Judge Torres ruled that the “extraordinary circumstances” required for the decision to be changed did not exist.Thereupon, the parties tried their luck again with a new application on June 12. Within the scope of this new application, the SEC and Ripple are asking the court to both reduce the penalty and lift the permanent injunction. However, this request is still under evaluation and the court is expected to make its final decision.What will be the roadmap for XRP?If the agreement is approved and the restrictions on Ripple are lifted, this could have a positive impact on XRP prices. Some lawyers and market analysts interpret this pause as a strategic step. It is stated that the parties prefer to compromise, especially in order to avoid a longer and more costly appeal process.Amid these developments, XRP's market value has reached $ 130.5 billion. According to market data, XRP has shown a slight increase in the last 24 hours and is trading at $ 2.21. Every decision to be made in this legal process between the SEC and Ripple could determine the direction of cryptocurrency regulations in the US. Therefore, all eyes are now on the new hearing notice to be shared on August 15, 2025. No progress is expected in the case until then. Although hopes were shaken by the rejection of the first application, all eyes are now on the decision to be made from the new application. For XRP investors, this uncertainty continues to be the main factor affecting both price movements and market psychology.
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17 Jun 2025
JPMorgan Makes a New Move with the JPMD Brand: Is a Stablecoin on the Way?
JPMorgan, one of the world's largest banks, has taken another notable step into the world of crypto assets. On June 15, 2025, the bank filed an application with the United States Patent and Trademark Office (USPTO) for a new trademark called “JPMD.” The application covers a wide range of services, including blockchain-based asset trading, payment services, and digital asset issuance. This has also sparked speculation that JPMorgan is preparing to launch a new stablecoin.JPMorgan has filed a new applicationJPMorgan's application for the “JPMD” trademark includes a number of financial services based on distributed ledger technology (DLT). These include the purchase and sale of crypto assets, custody services, electronic fund transfers, debt swaps, securities brokerage, and payment processing. Additionally, the application documents highlight solutions for fraud prevention, account verification, and data sharing for cross-border payment systems. Although the term “stablecoin” is not directly mentioned in the application, the comprehensive definitions and service areas create a strong impression that JPMorgan has concrete plans for stable cryptocurrencies. In particular, the statement that functions such as debt exchange and brokerage services will be carried out using blockchain infrastructure suggests that an infrastructure for the digitization and tokenization of real-world assets is being prepared.JPMorgan entered the blockchain world with KinexysJPMorgan took its first step into the blockchain world much earlier. The bank developed the Kinexys platform (formerly known as Onyx), based on a private version of Ethereum, and launched its own cryptocurrency, JPM Coin, on this platform. JPM Coin is used to speed up transfers between corporate customers as tokens pegged one-to-one to fiat currencies such as the US dollar, British pound, and euro.The Kinexys infrastructure, which reached an average daily transaction volume of $2 billion as of April, forms an important foundation for JPMorgan's stablecoin projects. Thanks to this infrastructure, the bank appears poised to develop new cryptocurrency solutions accessible to a broader audience.Dimon takes a cautious approach to blockchainJPMorgan CEO Jamie Dimon has long maintained a critical stance toward Bitcoin and other cryptocurrencies. He has even compared Bitcoin to “cigarettes” and frequently stated that he does not personally invest in it. However, Dimon does not deny the potential of blockchain technology. In a statement made in late 2024, he emphasized that JPMorgan is “one of the most intensive users of blockchain.”JPMorgan's move gains further significance amid the growing number of stablecoin projects from major tech and financial companies. Retail giants like Amazon and Walmart are considering launching their own cryptocurrencies, while major banks like Bank of America, Citigroup, and Wells Fargo are in talks about a joint stablecoin project.
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17 Jun 2025