Category: News

PI is up 5% this week and is looking to find more buyers. Will they come?

Chasing Ten Cents Ahead 🖤

After confirming 7 cents as a key support, PI has been consolidating in a range. The current resistance and major psychological target is found at 10 cents. Considering the bullish market context, a test of this resistance is likely. However, even if PI is making higher lows and appears bullish, volume has been in a steady decline for months. This shows a lack of conviction and also explains the lower gains from PI compared to other altcoins like XRP or ETH.

Momentum Turns Seductive Now 🌙

Even if volume remains low, the price has been on a steady uptrend since early August. The momentum indicators such as the MACD or RSI are also bullish, and higher highs appear likely in the future. The biggest challenge for PI is the resistance at 10 cents, which will likely bring back sellers. If it manages to turn that level into a key support, then this cryptocurrency has a real chance at a major reversal and sustained gains in the future.

Volume Dips Into Shadows Still 💀

Until the volume profile makes a higher high, the outlook remains somewhat bearish and allows sellers to regain control at their discretion. The recent gains are positive, but they need to be consolidated with a clean break above $0.10. Any failure at the key resistance will likely see bears return. To avoid that, buyers will have to spike the volume and improve the ongoing momentum, which favors them, at least at the time of this post.

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Just another echo from the void by iconofsin.eth 💖

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MANTRA paused its blockchain after a glitch hit the Cosmos EVM module, driving the native token straight to a fresh all-time low on August 21. 💀 The crew confirmed only two wallet addresses got touched with no user funds touched by any exploit and a fixed build now under test ahead of a possible restart later today.

Chain Pause Unfolds While Fix Gets Tested 🕸️

MANTRA first announced the stop as a precaution during their probe, freezing every endpoint and transaction while deposits plus withdrawals on the network also paused. View on X

https://x.com/MANTRA_Chain/status/2090592265765077162?s=20

A follow-up note kept the network frozen as devs built and tested the remedy, locking down transactions, transfers and staking though user funds stayed safe throughout the pause.

OM Shadow Still Looms Over MANTRA 🌑

The team later pinned the root cause to the Cosmos EVM module with the issue limited to those two wallets before it got contained. View on X

https://x.com/MANTRA_Chain/status/2090736752663339313?s=20

No user funds were exploited they reiterated while a full snapshot was taken before restart prep began. The patched v8.4.0 build fixes the flaw and is running on DuKong testnet with mainnet upgrade and restart eyed for later today if tests pass clean. Validators were instructed to keep mainnet nodes offline until the go-ahead. The token now under the MANTRA ticker after its 1:4 non-dilutive redenomination and ticker swap in March means holders got four new tokens per old OM without value shift at conversion. After the halt the price dropped more than 18% from roughly $0.0050 down to $0.0041 marking that new low. It has since recovered some ground trading near $0.0046 yet still sits around 82% under the March 4 peak of $0.02627. OM itself crashed from above $6 to below $1 in under an hour back on April 14 2025 erasing about 90% of value with over $70 million in liquidations. CEO John Patrick Mullin pointed to reckless forced closures on centralized exchanges as the trigger. Cuts followed into January 2026 with staff reductions across teams after 2024 and early 2025 growth left costs too high post-crash. A 300 million OM burn was pledged and completed that same month. A full post-mortem is promised next while the chain stays paused through testing leaving limited details so far. 🖤 🔒 🌙 🦇 💉

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Just another echo from the void by iconofsin.eth 💖

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It was just days ago when whispers filled the air about whether Ripple’s cross-border token would shatter that $1.00 mark and tumble further down. Traders sketched out initial drops from $0.90 all the way to $0.60. 🖤
The situation flipped in such a darkly brilliant way when Bitcoin surged hard and dragged the whole market upward. Interestingly XRP stole the spotlight yesterday by rocketing to $1.30 for the first time in months after a 30% climb from those lows. 🌙 Here is what the analysts are sharing now.

Whale Shadows Igniting The Surge 🐋

The most obvious force comes from the whales. This essential segment of the token ecosystem accumulated over 300 million tokens in 96 hours which triggered the massive spike to $1.30. Before that they scooped another 72 million coins at the end of last week within a single day. 🕸️
Data shared by Vincent Van Code on X confirms the pattern. The market observer highlighted what is really happening inside the XRP ecosystem showing that 53% of all large buy orders came from big players followed by 35% from medium traders while small investors made up just 12%. 💀
As such Van Code concluded that retail is not the driving force of this rally. This is great news. 📈

Another great XRP graphic to show you what is REALLY going on.

Take a look at the Larege order buys, 53% of all transactions were LARGE, medium 35%, and small only 12%.

This tells us retail is not the driving force of this rally.

This is great news. pic.twitter.com/J9EjumMbb5

— Vincent Van Code (@vincent_vancode) August 20, 2026

The spot XRP ETFs stayed green for three straight days yet actual inflows remain modest compared to November and December last year so they are likely not the main driver behind the recovery. 💎

Next Moves In This Dark Rally 🕯️

The mind blowing 30% rally across days has fueled analysts to share bolder predictions. Crypto Patel outlined a path where XRP could reach $10 and noted it does not sound impossible. 🦇
Back in 2017 when the token sat at $0.006 many thought $3 was unreachable yet it happened a year later. In 2023 most called XRP dead before it surged from $0.50 to $2.60 in about a month. He concluded that the $1.00 dip acted as an accumulation zone and $10-$20 is absolutely on the table. Check the post here. ✨
Mikybull Crypto predicted that XRP is about to pull a god candle after this Ichimoku cloud retest while CW said the asset broke a major resistance after ending the long downtrend noting the token has started a full fledged uptrend. See the full take. 💹

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Just another echo from the void by iconofsin.eth 💖

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Grayscale just spilled some dark tea about chatting with a Digital Currency Group side quest over tossing in around 200000 ZEC to their Zcash Trust fund 🖤. This August 18 twist aims to shift the whole thing onto NYSE Arca like a sneaky portal opening.

Chatting With DCG Shadows 🌙

Grayscale Investments Sponsors confirms talks with DCG International Investments Ltd. where the unit grabs shares via an authorized participant in exchange for those tokens. The filing whispers that since these chats lack binding deals the Potential Investor might snag more fewer or zero Shares at all. Net asset value hit 155.2 million on June 30 holding roughly 2.3 percent of all circulating ZEC while shares closed at 36.6 on August 12 sitting at a 7 percent discount to NAV per share.

Discount Days And Control Games 🕸️

Since October 2021 shares quoted at a discount on 700 days with a max discount of 55 percent and a wild max premium of 240 percent though the SEC stays neutral on approving them. If the contribution wraps up Grayscales parent snags a controlling spot. DCG may directly or indirectly through the Potential Investor and affiliates own a majority of Shares in the Trust giving power to steer almost every shareholder vote.

Mining Ties And Ironwood Vibes 💀

DCG mines the asset too with Fortitude Mining running ZEC ops and Foundry Digital handling a pool that powered about 15.4 percent of the Zcash Network hash rate last July. The filing admits DCG could favor its own investments over the Trust interests. Zcash just dropped the Ironwood upgrade with its turnstile after that counterfeiting bug hit the Orchard shielded pool.

Blank Fees And Past Plays 🦇

The Sponsors Fee still shows blank in Amendment No. 4 along with the intended new name while Coinbase Custody Trust Company guards the ZEC and Coinbase acts as prime broker. Grayscale pulled off similar conversions before like clearing its Digital Large Cap Fund for NYSE Arca using generic listing rules. ZEC sat at 550.78 on August 19 per CoinGecko with a market cap of 9.3 billion 💎.

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Just another echo from the void by iconofsin.eth 💖

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