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.

Bitcoin network usage is accelerating even as the token remains below its record price. Activity is being driven by Ordinals and Runes, which are boosting demand for block space. At the same time, ongoing outflows from spot Bitcoin ETFs are adding pressure to BTC’s price.

Mining profitability remains subdued across major proof-of-work assets, keeping pressure on operators. Dogecoin and Litecoin miners are among those facing the toughest conditions as returns stay low across the sector.

An analyst outlined a worst-case setup in which Bitcoin could drop to about $24,000. The scenario hinges on a broader stock-market crash that would drag risk assets lower. Separately, commentary pointed to bearish technical patterns and weakening institutional demand that could add pressure.

Large XRP holders have cut transfers to Binance, a key venue for the token’s liquidity, suggesting selling pressure may be easing. Data shows both Whale Flow and Whale Transactions at 417, indicating whales are not moving sizable amounts to the exchange. Even so, analysts say XRP needs to move back above the McGinley Dynamic—around $1.15 to $1.16—to underpin a stronger recovery, according to CryptoQuant.

Tokenized stocks recorded the fastest growth in the number of listed coins from January 2024 to May 2026. AI-related coins and Real World Assets (RWA) also expanded rapidly over the same period.

Bitcoin held on exchanges has dropped to 2.56 million BTC, marking one of the lowest sustained levels in about five years. The decline is the sharpest drawdown in this measure since 2020. The latest analysis was published by Alphractal.

Bitcoin may still be heading toward a sharp capitulation move even as broader market sentiment improves. An analyst said the current market structure resembles the setup that preceded the FTX collapse in 2022.

Bitcoin is under strain, but holders have not yet capitulated, Alphractal founder Joao Wedson said. He argued that while unrealized losses are historically large, realized losses remain relatively low, suggesting investors are not broadly selling at a loss.