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Coinbase (COIN) Sliding 62% A Year After Cramer’s Sketchy PARC Basket 🕷️🖤

Nearly one year back Jim Cramer tossed Palantir PLTR Applovin APP Robinhood HOOD and Coinbase COIN into his PARC collection on Mad Money. Three of the four have now slipped or stayed flat while momentum cooled off 🖤

PARC Performance Check Leaves Coinbase Trailing Hard 📉

Cramer introduced PARC on July 14 2025 lumping the names together as retail favorites running on pure hype with no limits. He split the market into the S&P 500 and this group riding momentum alone.
A June 29 2026 post from market watcher Heisenberg laid out the numbers showing Coinbase dropped hardest since then with a 62 percent slide.
Yahoo Finance data puts the 52 week range for COIN between 139 and 444 with price now hovering near 149 far from earlier highs. Donald Trump listed COIN purchases from January through March in his May disclosure though third parties handled the actual trades.
Palantir sits down about 25 percent from the acronym date and roughly 40 percent for 2026 so far with its 52 week peak near 207 and current level around 113.
Robinhood holds basically flat which feels like a small positive compared to the drops elsewhere. The firm just closed its 180 million WonderFi buy and now serves well over 1 million funded international accounts yet shares have not reacted much.
Applovin stands alone with a 34 percent gain since PARC debuted though its price near 477 still trails the yearly high of 745.

PARC Sliding Into a Darker Meme 💀

Back in 2025 Cramer picked PARC over the alternate CARP option. Some online voices floated CRAP instead and one year on that label feels oddly fitting after the moves. Analyst Shanaka Anslem Perera noted the shift in a post on X:

The acronym arrived at the precise moment conviction in these names ran hottest and the year that followed turned a throwaway joke into a price chart. CRAP was never an insult. It was the forecast written a year early.


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Viral VELVET Token Just Tore 1700% Higher This Month, Rally Fuel Left Or Time To Short The Peak? 🕸️🖤

Viral VELVET Token Just Tore 1700% Higher This Month, Rally Fuel Left Or Time To Short The Peak? 🕸️🖤

The crypto scene might be lost in an endless shadowy dip yet some gems like Velvet keep soaring with wicked pumps. 🖤

More Gains Brewing Up? 🌙

Right now this altcoin sits near $1.58 from CG data which marks a 250% weekly climb plus a wild 1700% surge across the past 30 days.

VELVET Price
VELVET Price, Source: CoinGecko

Market cap has climbed close to $700 million placing it at the 90th spot overall. One spark behind this explosion traces to their fresh tie up with AerodromeeFi.

“With the integration you now get tighter pricing pay less slippage tap deeper liquidity on every trade and land better fills automatically” the announcement reads.

Later the crew dropped Velvet-1 their new AI model built for on chain smarts which likely fueled extra momentum. Several chart watchers spotted the run and think fresh fuel sits ahead. X user Crypto With Gopal claimed the price tightens inside a symmetrical triangle after a sharp bullish impulse noting sellers lose grip with a quick target near $2.1.

The Boss shared a bright call arguing the recent breakout proves buyers stay active post consolidation instead of dumping gains fast and the setup looks healthier than 24 hours ago shifting from recovery into expansion.

“If momentum persists and volume follows through the market could begin testing higher liquidity zones that were previously rejected during the first impulsive move earlier this month” they concluded.

Generational Short Play Ahead? 🕷️

Plenty of other voices urge caution warning of a sharp drop soon. Yesterday X user Crypto with Haris ₿ predicted a slide toward $0.90 within six hours labeling it a generational short setup.

Vuori Trading called it another Binance Alpha style move from CZ with the token nearing a peak yet a cross of $2 could send it toward $8. The RSI paints a bearish picture after spiking past 80 into extreme overbought zones hinting at a possible tumble. This oscillator runs from 0 to 100 where readings under 30 often flag buys.

VELVET RSI
VELVET RSI, Source: TradingView

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Saylor’s Bold Defense Silences Doubters With A Fresh Shield For BTC Holdings 🕷️🖤

Despite growing criticism and online FUD, Saylor’s brainchild Strategy continues to focus on BTC, but the new move is quite different. Instead of announcing a new bitcoin purchase, the firm’s former CEO noted on X that the company has launched the Digital Credit Capital Framework to strengthen its digital credit, enhance liquidity, preserve long-term BTC exposure, and support long-term value creation.

Digital Credit Capital Framework Unveiled 🕷️

Saylor’s first message reassured the public that the company has increased its USD reserve to $2.55 billion, which should cover the dividend payments for 17.4 months. The greenback stash can be used only for dividends and interest expense, and “will be maintained at a minimum of 12 months.” Strategy has also established a BTC Monetization Program, which allows it to sell bitcoin to fund the USD reserve (with a cap of $1.25 billion), dividends and interest expenses, or to repurchase Digital Credit securities and MSTR under the applicable programs. If it indeed sells more bitcoin, then its dividend coverage rises to $3.8 billion – or 25.9 months of such payments. Strategy has also established repurchase programs for its Digital Credit securities of up to $1 billion of MSTR.

“This will create flexibility to accretively buy back securities during market dislocations. Repurchases will not be funded from the USD reserve,” said Saylor.

In addition, STRC’s dividend rate has been increased by 50 bps to 12%, effective for the July 2026 record date. Saylor said the company will continue to evaluate the rate monthly, as its corporate objective for Stretch remains to trade at $99-$100. Recall that STRC plummeted by 25% under its par value in the past few weeks.

FUD Growing Darker 🌑

Recall that Strategy and particularly its STRC stock have come under a lot of fire in recent weeks. The company sold a tiny portion of its BTC holdings by the end of May, and even though it has accumulated a lot more since, market observers claim that the firm has rattled the industry. Critics have continuously attacked Saylor and his company, warning that they might have to sell over 50000 BTC in the next couple of years to cover some expenses or dividend payments. CryptoQuant analysts suggested that Strategy should halt its BTC purchases in favor of rebuilding its USD reserve. Although the company has not listened entirely to this advice, the last two announcements were more focused on the USD reserve rather than the BTC stockpile. 🖤


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Pi Token Slips 5% Through All That Buzz As Btc Glides Back To 60k 🕯️🌒

Pi Token Slips 5% Through All That Buzz As Btc Glides Back To 60k 🕯️🌒

Bitcoin dipped below $59,000 once more yesterday after fresh tensions flared in the Middle East yet clawed its way back to $60,000 right now. 🖤

Most bigger alts shadowed BTC’s moves but stayed flat over the last day with ETH hovering near $1,600. SOL climbed more than 2% and now rests at $73.

Bitcoin Reclaims the $60K Line 🌑

The prior trading week kicked off with real momentum when bitcoin surged toward $65,500 after the weekend quiet. Still it proved another fleeting lift before deeper drops set in. The first slide hit fast and sent BTC under $62,400. Bears tightened their grip from there.

Subsequent drops turned sharper. Bitcoin crashed to $59,000 then bounced toward $62,000 only to get turned away fast. Thursday delivered the stark low when the asset fell all the way to $58,000 its weakest print since the 2024 US elections.

Bulls stepped in to steady things and lifted bitcoin to $60,000 across the weekend. It even touched $60,800 after brief US-Iran friction then slid $2,000 to $58,800 Sunday night. Recovery has brought it right back to $60,000 now that both sides signaled a pause.

Bitcoin’s market cap lingers near $1.2 trillion while dominance sits just under 56% on CG.

BTCUSD June 29. Source: TradingView
BTCUSD June 29. Source: TradingView

PI Drops Hard After Pi2Day 🕸️

Pi Network’s crowd marked Pi2Day on June 28 with fresh feature drops yet the token slid 5% to just under $0.12 earlier before edging back. CC and WLD each lost more than 4% among the larger names.

Sharper pain showed up elsewhere with LAB falling 19%, BEAT off 11% and M down 7.5%. MemeCore lost nearly 80% over the past week. On the brighter side BinanceLife jumped 37% and VELVET gained 12%.

Larger alts mostly held steady from yesterday. SOL and BCH led with gains above 2% reaching $73 and $197.

Total crypto market cap held the $2.150 trillion line on CG.

Cryptocurrency Market Overview June 29. Source: QuantifyCrypto
Cryptocurrency Market Overview June 29. Source: QuantifyCrypto

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