XRP fell 2.8% to about $1.07 after a muted rebound failed to regain the $1.0850 level. Traders are focusing on $1.05 to $1.07 as the key support band. A drop below that area could shift attention back to the psychological $1 mark.

Whales pulled more than $23 million worth of HYPE off exchanges as the token held the key $60 support area. A newly created wallet withdrew 278,827 HYPE valued at about $17.45 million from Coinbase Prime, according to Lookonchain. Another wallet, 0x2386, removed 96,930 HYPE worth roughly $6.01 million from BitGo after a month-long pause.

Venice Token (VVV) slid 11% even as trading volume rose, signaling heavier activity during the selloff. Sellers kept control and price moved closer to a support area that has previously drawn buyers. The added liquidity appeared to help some traders exit positions rather than generate sustained demand.

On-chain indicators diverged from UNI’s bearish spot-price trend. The data pointed to a change in the composition of holders.

CoinGecko analyzed more than 18.67 million tokens launched on Solana-based Pump.fun since January 2024 and found that nearly 69% made their final trade on the same day they debuted. Around 12.8 million tokens failed to remain active beyond one calendar day, while only 850,000 (4.55%) traded for more than 90 days.

Baton Corporation, the UK-registered company behind Solana memecoin launchpad Pump.fun, posted a Chief Legal Officer job opening on June 24 with a salary range of $1 million to $5 million a year. Co-founder Alon Cohen promoted the role, saying the hire would take ownership of the company’s regulatory and litigation posture. Baton is defending a consolidated class action in the Southern District of New York and a separate RICO claim that could expand its legal and financial exposure.

XRP is extending a broader downtrend as traders assess whether the token is headed for another push below $1 or setting up for a reversal. Price action has weakened after breaking down from a months-long range, while indicators show heavy selling pressure alongside signs of a bounce from oversold levels. The outlook also hinges on declining XRP dominance and whether renewed whale positioning can support a turnaround.

Grayscale says revenue-generating crypto protocols are trading at unusually low multiples. It argues these valuations create attractive entry points.