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Here is How Shiba Inu Can Reach $0.001 By Reducing Supply With These 5 Methods

Lele Jima
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Here is How Shiba Inu Can Reach $0.001 By Reducing Supply With These 5 Methods

Although reaching the ambitious $0.001 target may be challenging, these five key factors could play a crucial role in driving SHIB towards that milestone. 

Shiba Inu has had an incredible performance since its launch in August 2020. Data from CoinMarketCap shows the token has soared 15,071,035% from its all-time low of $0.00000000008165 to $0.00001231. 

$0.001 Predictions 

Despite its remarkable rally, many analysts believe Shiba Inu still has room to grow, with some projecting a rally to the ambitious $0.001 price target. Analysts with this bullish projection include LuckSide Crypto, Sheriff, and blockchain analytics platform Coinpedia Markets. 

Notably, after Shiba Inu broke out of a multi-month descending triangle in October 2024, Crypto Sheriff predicted that the token could be on course to hit the $0.001 target. 

Analyst LuckSide shared a similar view, predicting that SHIB was well-positioned for an upsurge toward $0.001. He highlighted factors such as minimal upside resistance and increased whale activity as potential drivers for the rally. 

Coinpedia Markets also noted that as an Ethereum-based token, Shiba Inu stands to benefit from inflows into spot ETH ETFs. According to its analysis, such inflows could propel SHIB to a new all-time high of $0.001679. 

Shiba Inu Path to $0.001 

For Shiba Inu to reach the $0.001 milestone, it must rally 8,023% from its current price of $0.00001231. In the meantime, the ambitious target price of $0.001 remains a topic of interest among investors and enthusiasts. 

While analysts such as LuckSide view the $0.001 target as attainable, skeptics argue that Shiba Inu’s enormous token supply remains a significant barrier. 

With a supply of roughly 589 trillion tokens, Shiba Inu would rise to $589 billion if the $0.001 target materializes. This estimated valuation exceeds the current market cap of Ethereum, which stands at $519 billion. 

5 Supply Reduction Techniques to Push SHIB Price to $0.001 

Notably, skeptics believe the only way Shiba Inu would attain this target is through large-scale and sustained token burns. Such an effort is expected to drastically reduce the supply, potentially boosting the token’s price to loftier targets, such as $0.001. 

Consequently, we have highlighted five methods that could help intensify SHIB burns and bring the asset closer to hitting the $0.001 target. 

Shibarium Auto Burns 

Besides offering faster and low-cost transactions, Shibarium also supports Shiba Inu’s burn campaign. The L2 blockchain, which launched on Ethereum in August 2023, allocates a portion of transaction fees to burn SHIB. Since its introduction, it has helped remove over 50 billion SHIB from circulation via this method. 

However, the amount of tokens Shibarium can burn depends on the transaction volume. The higher the activity, the greater the number of tokens Shibarium can remove from circulation. 

Payment Gateway Burns 

Several crypto payment providers, including BitPay, have integrated Shiba Inu into their platforms, enabling customers to utilize the token for the payment of goods and services. The widespread adoption of Shiba Inu as a payment method could also support the token’s burn campaign. 

Merchants and payment providers could implement a feature in which 1% of every transaction paid in SHIB is automatically burned.  This would contribute to efforts to reduce the token’s hefty supply and potentially drive the price to $0.001. 

NFT-Powered SHIB Burns 

Another initiative that could intensify SHIB burn and help the token reach the $0.001 price milestone is to integrate an automatic burn mechanism into Shiba Inu-themed NFTs, including Shiboshi and SHEboshi. 

With this feature in place, every mint or trade of Shiba Inu-themed NFTs would automatically trigger a SHIB burn, possibly paving the way for a rally towards $0.001. 

Exchange Burn Support 

Crypto exchanges that list Shiba Inu can also support the burn campaign, bringing the $0.001 dream closer to becoming a reality. Exchanges like Binance, Coinbase, and Kraken could participate by initiating periodic SHIB burns tied to trading volume. 

This could require the exchanges to impose a certain amount of tax on Shiba Inu trading. Afterward, the exchanges would then proceed to incinerate the tax by converting it to SHIB and sending it to the official dead wallet. 

Community-Powered Burns 

This method requires the community to voluntarily burn SHIB by sending some of their holdings to the dead wallet. While the community has actively joined the burn campaign, participation could accelerate if token holders receive incentives for burning SHIB. 

Interestingly, the Karma Reputation System, currently in beta version, aims to reward community members with experience points (XP) for burning SHIB and engaging in other ecosystem activities. 

While reaching the $0.001 target is no small feat, combining the five factors above could create significant deflationary pressure, propelling the token into a substantial rally. Nonetheless, investors should not regard this as financial advice. 

This May Be Your Last Month to Buy XRP at Low Valuations: Crypto Founder Warns

Abdulkarim Abdulwahab
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0
This May Be Your Last Month to Buy XRP at Low Valuations: Crypto Founder Warns

As XRP has remained bearish for several weeks, analysts are warning that now may be the last opportune moment to buy XRP cheaply.

In a tweet on Friday, Versan Aljarrah, co-founder of Black Swan Capitalist, expressed this perspective. Aljarrah said this month may be the last time investors get to buy crypto assets like XRP at low valuations.

“Last Month to Buy XRP Low”

XRP is currently selling at $2.81, the same level it has held since last week. The current price represents a 6.2% dip from where it traded a month ago. During this time, the price dropped to $2.69 before slightly recovering.

Bitcoin has mostly driven the bearish sentiment in the market during this period. Trading at $110,800 today, BTC is down 11% from its August all-time high of $124,457. Bitcoin turned immediately bearish after reaching this peak 23 days ago.

Now, market analysts are calling for the next bullish phase for crypto as the market has remained sideways and mostly bearish for several weeks, and they believe a rebound is due.

Banking on this perspective, Aljarrah suggested that those not seizing the opportunity to buy XRP now may lose out and face higher valuations soon.

3 Other Analysts Calling for a New XRP Bull Run

In a separate post, crypto analyst Ripple Van Winkle highlighted that since XRP has dropped 25% from its July peak of $3.65, signs of a rebound are now compounding. He cited whale accumulation as a bottom indicator.

With support at $2.70, he suggested $2.90 is the resistance level for XRP to break. If cleared, the next target is $3.70. Meanwhile, he noted this momentum could see XRP extend to the $5 price range.

Likewise, analyst Dark Defender said XRP has completed its Wave 4 correction and is ready for a rebound.

Dark Defender believes XRP is following a five-wave Elliott Wave pattern and is now entering the bullish fifth wave, with a projected target of $4.39. However, the rally depends on XRP holding the $2.85 support level, which aligns with the 23.6% Fibonacci retracement.

XRP is currently trading near this support and has continued holding above $2.80 over the past week.

Separately, analyst EGRAG highlighted three bullish signals for XRP: a strong monthly chart structure, support above key Fibonacci levels (notably $1.99), and price holding above the 21 EMA.

He predicts a near-term target of $3.90, with long-term goals as high as $46 — potential gains of up to 1,543%. The bull run, he says, remains intact unless these technical supports break.

Essentially, many analysts believe the days of XRP trading under $3 are rapidly coming to an end, and they see new highs beyond the $5 price point.

Market Reaction

Meanwhile, market participants responding to Aljarrah’s post do not share his optimism. Some say a major correction could still occur. Others point out that XRP bulls like him have been calling for a “last chance” to buy XRP for several weeks while prices have not advanced significantly.

At the same time, some believe a new bull run could be underway.

Grayscale XRP Trust NAV Surges Over 400% in a Year

Lele Jima
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0
Grayscale XRP Trust NAV Surges Over 400% in a Year

Leading asset manager Grayscale Investments has taken to X to celebrate the one-year anniversary of the Grayscale XRP Trust. 

In its X post, Grayscale marked the first anniversary of the XRP Trust, an investment vehicle that enables accredited investors to gain exposure to XRP without directly purchasing the token.

The post highlighted XRP’s strengths, noting that it is the native token of the XRP Ledger (XRPL), which is known for its speed and low-cost payments. 

XRP History on Grayscale 

For context, Grayscale first introduced the XRP Trust in March 2018, offering accredited investors structured exposure to XRP through a private placement. However, the asset manager dissolved the Trust in January 2021 due to the challenging market conditions stemming from the Ripple case. 

Following the release of the final judgment, which gave Ripple a partial victory over the SEC, Grayscale relaunched its XRP Trust in September 2024. 

Strong Performance as NAV Soars Over 400% 

It has been one year since the company relaunched the investment vehicle. Notably, the Grayscale XRP Trust has recorded an impressive performance since its relaunch a year ago. 

In just one year, the Trust’s net asset value (NAV) per share has surged from its initial $10.85 to the current rate of $55.79, marking a 414% increase. 

As of September 5, the NAV had spiked 2.50% compared to the previous day’s value. Data from Grayscale shows that the company has issued approximately 301,500 shares to investors in the Trust, with each share representing roughly 19.5 XRP. At press time, the Trust had an AUM of $16.82 million. 

Grayscale XRP Trust performance
Grayscale XRP Trust performance

Spot ETF Move 

Despite the remarkable performance of the XRP Trust, Grayscale is pushing to convert the product into a spot-based exchange-traded fund (ETF). In January, it filed an S-1 document with the SEC to facilitate this conversion. 

This comes several months after Grayscale successfully converted its Bitcoin and Ethereum Trusts into spot ETFs. Now, the company is attempting to do the same for XRP, with shares of the ETF expected to launch on the Nasdaq once approved. 

However, the SEC has delayed its decision on its potential approval. Recently, Grayscale updated its application to allow authorized participants to redeem and create the ETF shares in XRP, cash, or in-kind. 

In the meantime, the SEC has a final deadline of October 2025 to decide whether to approve or disapprove Grayscale’s request to convert the XRP Trust into a spot ETF. 

Possible XRP Worth if Bitcoin Hits Bitwise-Predicted $2.97M

Sam Wisdom Raphael
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Possible XRP Worth if Bitcoin Hits Bitwise-Predicted $2.97M

XRP price may benefit substantially if Bitcoin reaches the ambitious target set by prominent asset manager Bitwise in one of its latest reports.

While the crypto market has entered a downturn, some investors remain optimistic that the bull run is far from over. Interestingly, as market watchers anticipate higher prices in this cycle, asset manager Bitwise is already projecting Bitcoin’s potential price in the next 10 years.

Bitwise Predicts Bitcoin to Hit $2.97M in 2035

Specifically, in one of its recent reports, Bitwise predicted that Bitcoin could grow to a price between $1.3 million and $2.97 million by 2035, a decade from now. According to the report, in a base case scenario, the Bitcoin price would trade at $1,306,740 by 2035. Meanwhile, it could reach as high as $2.97 million in a bull case.

With Bitcoin currently changing hands at around $111,000, either of the two cases would translate to an impressive growth for the premier crypto asset over the next decade. However, what’s more exciting is how this could impact the broader crypto market, spilling into altcoins like XRP.

This is typically due to the correlation between Bitcoin and the crypto market. This correlation can be a bittersweet experience for altcoins, as they usually drop with Bitcoin during market uncertainties, but appreciate with the firstborn crypto when it stages a recovery campaign. 

As a result, Bitwise’s future outlook for Bitcoin bodes well for altcoins, especially top ones like Ethereum (ETH) and XRP, which remain closely aligned with Bitcoin. For instance, data from Macroaxis shows that Bitcoin and XRP have a near-perfect correlation coefficient of 0.91 over the past three months. 

Bitcoin and XRP Price Correlation Macroaxis
Bitcoin and XRP Price Correlation | Macroaxis

Notably, this shows that both assets have moved together within this period, showing almost no diversification. If this pattern persists over the years and Bitcoin hits $2.97 million, XRP will likely claim higher prices. For context, Bitcoin would need to surge 2,575% from its current price to reach the $2.97 million target from Bitwise.

Possible XRP Price if BTC Hits $2.97M

Today, XRP trades for $2.83. If it replicates a similar 2,575% upsurge, the price will rise to $75.7, marking a new all-time peak. However, it is unlikely that XRP will trail Bitcoin’s price movements so closely due to the slight deviations both assets face during these rallies. 

Specifically, XRP often surges at a higher pace during periods of market growth. For instance, over the past three months, while both assets have had a close price correlation, Bitcoin is up 6%. Meanwhile, XRP has gained by a massive 30%, outperforming BTC by exactly 5x.

Supposing this deviation in price performance drops to around 2x in the future, XRP would soar to a price of $151.4 when Bitcoin claims a $2.97 million value. Interestingly, Telegaon analysts expect XRP to surpass this $151 price level, but they predict this could happen in 2040, five years later.

XRP Price Predictions Telegaon
XRP Price Predictions | Telegaon

XRP Double Bottom Pattern Fuels Case for Rally Into Two Digits

Sam Wisdom Raphael
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XRP Double Bottom Pattern Fuels Case for Rally Into Two Digits

A market strategist has identified a multi-year double bottom structure on the XRP chart, strengthening the case for a push to double digits.

While XRP continues to battle the bears under the $3 price mark amid broader market uncertainty, analyst EGRAG believes the token could prevail in the long run. For context, XRP dropped 25% from its July peak of $3.65 to around $2.7 earlier this month.

EGRAG Is Convinced XRP Will Reach Double Digits

Despite having recovered from this low, it still trades below the $3 region, currently changing hands at $2.82. While most analysts believe XRP is capable of recovering from this bearish spell, some like Crypto Rover suggest its next upward push could only reach levels such as $4, which could mark its top.

However, EGRAG disagrees with this idea. According to him, if XRP ever recovers from this bearish price action to surpass the previous $3.66 peak, its target for this cycle would be much higher than $4. EGRAG believes it is either $3.66 already marked the cycle top, or XRP still has the potential to reach levels between $22 and $27.

Double Bottom Pattern Strengthens this Conviction

Now, in his latest analysis, he presented another technical pattern that strengthens the case for an XRP rally toward the $22 region. Specifically, XRP appears to have already broken out of a multi-year double bottom formation that began as far back as 2018.

For the uninitiated, a double bottom structure typically occurs when an asset collapses to a local bottom, recovers from this initial bottom, and then drops to a low level similar to the initial bottom before eventually rebounding to higher levels.

With XRP, the formation of the pattern began in early 2018. According to data from EGRAG’s chart, XRP formed the first bottom when it slumped from the $3.31 peak in January 2018 to a floor price of $0.1140 in March 2020 before recovering to a high of $1.9669 by April 2021.

XRP Double Bottom Structure EGRAG Crypto
XRP Double Bottom Structure | EGRAG Crypto

Meanwhile, the second bottom structure materialized as XRP dropped from the $1.9669 peak in April 2021 to a low of $0.2870 in June 2022 on the back of the Terra ecosystem implosion, and then rebounded to the $1.95 high by November 2024 amid the broader market uptrend triggered by the U.S. elections.

These price movements essentially formed the double bottom structure, with the neckline sitting around $1.95 to $2. XRP eventually broke above the neckline when it soared past $2 in December 2024. This push helped validate the structure, setting the stage for greater heights.

XRP Eyeing $22 to $27 Target

However, since January 2025, XRP’s price action has failed to push forward, forming a months-long parallel channel between $2 and $3.6. EGRAG’s chart points out that once XRP breaks above this channel, a rally to higher levels could emerge. The analyst sets the same $22 to $27 target for this imminent break.

Meanwhile, in the short term, market watcher Dom recently sounded a warning while analyzing the XRP/USOIL chart. According to him, XRP is currently hanging by a thread, and the bulls need to step in; otherwise, it could drop to 7-month lows.

XRPUSOIL Chart Dom
XRPUSOIL Chart | Dom

Is a $5 Rally Next? XRP Has Dropped 25% Since Its Recent Peak

Abdulkarim Abdulwahab
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0
Is a $5 Rally Next? XRP Has Dropped 25% Since Its Recent Peak

XRP has faced turbulence in recent weeks, sliding 25% from its July high of $3.65 to a local low by early September.

While the correction rattled investor confidence, crypto researcher Ripple Van Winkle highlights that market data continue to suggest a rally toward $5.

Whales Accumulate at the Bottom

According to Van Winkle, on-chain data reveal that whales have begun accumulating XRP again despite the price pullback. He said that historically, such accumulation has marked bottoms and preceded new bullish waves.

For traders, the key support to watch is $2.70. If XRP holds this level and breaks past the $2.90 resistance, analysts see $3.70 as the next target. Renowned market watcher Ali Martinez specifically expressed this perspective in a tweet.

Analysts Eye $5.39

Furthermore, Van Winkle noted that some analysts are mapping XRP’s trajectory within a five-wave upward channel. Their targets include $4.16, $4.63, and ultimately $5.39.

If this pattern holds, XRP could be on track for a new all-time high in 2025. Notably, it has already proven its capacity for rapid gains, rising from $0.49 last year to $3.65 this summer, a sevenfold increase in less than a year.

AI Models Add to the Optimism

The researcher also pointed to the use of AI models like ChatGPT and Grok to forecast XRP price movements. Some of these forecasts align with the bullish analyst outlook, suggesting further upside ahead for XRP.

For instance, in May, The Crypto Basic used ChatGPT and Grok to evaluate a $10,000 investment in XRP or BNB over five years. Both favored XRP for different reasons.

ChatGPT highlighted XRP’s institutional appeal, regulatory clarity, expanding use in cross-border payments, and ETF filings. It viewed BNB’s heavy reliance on the Binance exchange and regulatory risks as drawbacks.

Grok focused on XRP’s stronger performance—400%+ gains since 2024—higher market cap, and investor confidence. It noted BNB’s value dip at the time and questioned its short-term stability despite its role in Binance’s ecosystem. Meanwhile, it’s worth noting that BNB has since hit an all-time high at $900.

Overall, both AI models see XRP as the more promising five-year investment.

More Uptrends

Amid high hopes for XRP to reach new peaks in 2025, talks about a massive dump are also creeping in from skeptics, with some saying XRP is even overvalued.

However, Jake Claver, CEO of Digital Ascension Group, believes the market may never see XRP in the $0.50 range again. He notes that many investors ignored XRP at those low prices, missing out as it surged since November 2024. Claver highlighted XRP’s strong volume (~$5 billion daily) and upcoming spot ETFs, which could bring $5 billion in investments, as factors making a major retracement unlikely.

In his view, XRP is on track to reach triple-digit prices over time as more bullish catalysts align, calling for dollar-cost averaging (DCA) instead of waiting for a major dip.

Justin Sun Reacts After WLFI Freezes Millions of His Tokens Post-Launch

Abdulkarim Abdulwahab
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0
Justin Sun Reacts After WLFI Freezes Millions of His Tokens Post-Launch

Tron founder Justin Sun has voiced frustration after the World Liberty Financial project team blacklisted his wallet containing millions of WLFI tokens.

In a post on X, Sun said he contributed not only capital but also trust as one of the earliest backers of WLFI. In particular, he invested around $45 million in its presale.

Sun revealed that despite his advisory role and commitment to the project, his unlocked tokens were “unreasonably frozen”. He stressed that blockchain should rest on fairness and transparency, warning that unilateral decisions could harm confidence in WLFI.

Why WLFI Took Action

According to data shared by Crypto Peak, Sun purchased about 3 billion WLFI tokens at the presale price of $0.015. He received an initial unlock of 600 million WLFI when the token launched on September 1.

While he publicly pledged not to sell, on-chain data showed his address later transferred roughly 55 million WLFI to other wallets.

Following this, the WLFI team blacklisted his wallet, a move they described as protecting the community from possible negative impact. Meanwhile, the team’s decision has sparked a heated discussion across the crypto community.

Nansen Analysis Clears Sun of Dumping

Blockchain analytics platform Nansen weighed in after speculation that Sun’s transactions triggered WLFI’s steep price decline. The firm’s CEO, Alex Svanevik, confirmed that their AI research agent initially flagged Sun as a cause of the dump.

However, after reviewing transaction timestamps, Nansen concluded he did not directly trigger the price crash, at most acting as an “accessory after the dip.”

Despite these clarifications, the controversy has coincided with turbulent price movements.

WLFI’s High-Profile Launch

WLFI debuted at $0.30 on September 1, peaked at $0.478 on Binance hours later, but dropped by 66% to $0.161 on September 4. At press time, the coin trades at $0.185, rebounding by 11% over the past day.

The Trump Family, affiliated with World Liberty Financial, momentarily saw their crypto portfolio exceed $6 billion amid WLFI’s public debut.

Notably, WLFI began trading with an initial circulating supply of 24.66 billion tokens, with allocations spanning ecosystem growth, ICO participants, liquidity, and marketing. Early investors received only 20% of their allocations at launch to prevent mass sell-offs.

Sun has urged the WLFI team to restore access to his tokens, reiterating his support for the community but calling for fairness and transparency. “Tokens are sacred and inviolable,” he stated. He suggests that freezing investor assets undermines the foundation of blockchain projects.

Meanwhile, at the time of this press, World Liberty Financial has not publicly responded to Sun’s concerns.

Trump-Backed Thumzup Media Completes $50M Stock Offering for Dogecoin Mining, Plans XRP Treasury

Lele Jima
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0
Trump-Backed Thumzup Media Completes $50M Stock Offering for Dogecoin Mining, Plans XRP Treasury

Trump-backed Thumzup Media, which completed a $50 million stock offering in pursuit of the Dogecoin mining ambition, has announced plans to establish an XRP treasury. 

The company unveiled the plan in a letter to its shareholders on Thursday. In the letter, Thumzup revealed that it recently completed a $50 million common stock offering at $10 per share. 

Dogecoin Mining Ambitions 

The company emphasized that the new capital will fuel its aggressive expansion into Dogecoin mining, particularly through the pending acquisition of Dogehash Technologies. Thumzup had announced plans last month to acquire Dogehash in what many described as an all-stock deal. 

Part of the deal requires Thumzup to offer 30.7 million of its shares to Dogehash shareholders. Once completed, the Dogecoin mining company will be renamed Dogehash Technologies Holdings. Afterward, the company will be listed on Nasdaq under the XDOG ticker symbol.  

Part of the $50 million funding will support Thumzup’s pending acquisition of Dogehash and the acquisition of 1,000 state-of-the-art mining equipment. 

XRP Corporate Treasury 

Beyond Dogecoin mining, Thumzup revealed plans to establish a diversified crypto treasury, featuring XRP. The letter noted that Thumzup’s board has approved the purchase and custody of selected cryptocurrencies, like XRP. 

Other crypto assets that would feature in the treasury include Dogecoin, Solana, Ethereum, Litecoin, and stablecoin USDC. However, the company did not provide specific details about its upcoming treasury efforts, particularly the amount it intends to commit to XRP. 

According to Thumzup, its corporate crypto treasury initiative is not a new development. In January, the company invested an initial $1 million in Bitcoin, followed by an additional $1 million purchase later that month. 

The company now plans to expand its holdings with additional cryptocurrencies, including XRP, as part of a diversified treasury strategy. As a U.S.-based company, Thumzup claims that its mining and corporate treasury initiatives align with President Trump’s vision to solidify America’s leadership in the cryptocurrency sector. 

Growing Corporate Interest in XRP 

Meanwhile, XRP has attracted significant interest from corporate entities, with several firms unveiling treasury strategies for the token. In June, Webus International announced a $300 million XRP treasury deal. 

That announcement came on the heels of another XRP treasury strategic plan from Nasdaq-listed VivoPower. As reported by The Crypto Basic, VivoPower suggested that it will establish its XRP reserve using part of the $121 million raised from notable investors, including Saudi Arabian Prince Abdulaziz bin Turki Abdulaziz Al Saud. 

One of the biggest XRP reserve initiatives came from Singapore-based Trident Digital. The company intends to establish a $500 million XRP corporate treasury. Although Thumzup has not disclosed the size of its planned XRP investment, its decision to hold the token highlights the growing interest in XRP as a reserve asset. 

Sora Ventures Launches Asia’s First $1 Billion Bitcoin Treasury Fund

Zabi
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0
Sora Ventures Launches Asia’s First $1 Billion Bitcoin Treasury Fund

Sora Ventures, a Taiwan-based crypto venture capital firm, has unveiled plans to raise $1 billion for a Bitcoin treasury fund. 

At Taipei Blockchain Week, Jason Fang, founder and managing partner of Sora Ventures, introduced what he described as “Asia’s first Bitcoin treasury fund” of this scale. The initiative aims to consolidate institutional adoption across Asia and support companies integrating Bitcoin into their balance sheets.

The firm has already secured $200 million in commitments from investors and regional partners. It plans to reach the $1 billion target within six months.

Fang emphasized that institutional investors in the U.S. and Europe have advanced more quickly in adopting Bitcoin treasuries. Asia, however, has fallen behind, largely because its initiatives remain fragmented.

Centralized Pool for Bitcoin Adoption

Unlike country-specific initiatives, the Sora fund will serve as a centralized institutional pool. Its goal is to replicate Bitcoin-first treasury models across Asia while linking them with international treasuries.

“We are bringing institutional capital together, from local to regional, and now to the global stage,” Fang said. He remarked that the fund is intended to shift Asian companies’ perspective of Bitcoin, from a speculative holding to a reserve asset.

Why Asia Matters in the Bitcoin Treasury Movement

Bitcoin treasuries have gained traction globally, with companies like MicroStrategy in the U.S. becoming headline examples. In Asia, listed firms in Japan, Hong Kong, Thailand, and South Korea are gradually adopting similar models.

Sora Ventures believes that consolidating these efforts under one institutional vehicle will create stronger synergies and momentum. The fund will not only invest in companies already holding Bitcoin but will also encourage new entrants to adopt Bitcoin as a treasury reserve asset.

Building on Past Investments

The announcement builds on Sora Ventures’ growing record of strategic acquisitions and investments.

In April 2024, the firm supported Metaplanet in Japan with a ¥1 billion ($6.6 million) Bitcoin purchase. Today, Metaplanet holds 20,000 BTC valued at $2.2 billion, making it Asia’s largest corporate Bitcoin holder.

In Hong Kong, Sora acquired Moon Inc., formerly known as HK Asia Holdings. Following the acquisition, the firm guided the company’s shift toward Bitcoin and investments in Web3-related sectors.

The firm also led a consortium that acquired Thailand’s retailer DV8 in July to replicate the Metaplanet treasury model in Southeast Asia. Around the same period, Sora and its partners secured a majority stake in South Korea’s BitPlanet to support the firm’s push into digital asset services.

Other Major Players in Asia’s Bitcoin Landscape

According to data from BitcoinTreasuries.net, several other corporations in Asia hold significant Bitcoin reserves. Cango Inc. currently owns Bitcoin worth $569 million, while Bitfufu holds more than $200 million.

These holdings demonstrate the growing interest of Asian companies in treating Bitcoin as a long-term treasury reserve rather than a short-term investment.

Bitcoin Just Saw Its Largest Whale Selloff Since 2022 as Whale Supply Hits 7-Year Low

Sam Wisdom Raphael
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0
Bitcoin Just Saw Its Largest Whale Selloff Since 2022 as Whale Supply Hits 7-Year Low

Bitcoin is facing one of its most turbulent stretches in years as major holders continue to unload their coins at a pace not seen since 2022.

CryptoQuant analyst Caueconomy explained that some of the largest Bitcoin wallets have been cutting back on their exposure at an alarming pace. In the past month alone, whales reduced their reserves by more than 100,000 BTC. 

Bitcoin Seeing Rapid Whale Selloffs

He said this aggressive distribution shows how cautious large investors have become. The heavy selling has already damaged Bitcoin’s short-term price structure and pushed the market below $108,000. Caueconomy added that whales are still trimming their holdings, which could create more selling pressure going forward.

Bitcoin Whale Balance Change CryptoQuant
Bitcoin Whale Balance Change | CryptoQuant

Meanwhile, data from Glassnode shows whale supply has fallen to its lowest level in seven years. Notably, some traders see this as a sign of weakness, but others believe it points to a healthier spread of coins across the market, which strengthens Bitcoin’s decentralization.

Bitcoin Supply Per Whale Glassnode
Bitcoin Supply Per Whale | Glassnode

Glassnode reported that the average Bitcoin balance per whale has been shrinking since November 2024. Specifically, entities holding between 100 BTC and 10,000 BTC now sit on an average of just 488 coins, a level not seen since December 2018.

Meanwhile, in a separate analysis, Glassnode described Bitcoin’s current position as a consolidation phase. The premier crypto asset has been trading in a tight zone between $104,000 and $116,000 after a period of strong absorption by investors. 

The firm noted that both futures activity and ETF flows reflect weaker demand at the moment. It explained that a clear move above $116,000 could bring the uptrend back to life, but if the market breaks lower, prices could slide toward the $93,000 to $95,000 range.

Bitcoin Close to Cycle End?

Also, market analyst Crypto Birb recently discussed Bitcoin’s current price position. He calculated that Bitcoin has run for 1,017 days since the November 2022 bottom. 

According to him, past cycles peaked between 1,060 and 1,100 days, which points to a potential top forming between late October and mid-November this year. This is around fifty days from now.

Further, he highlighted the historical pattern following halvings. Notably, peaks usually happen 518 to 580 days after the event, and since the April 2024 halving occurred 503 days ago, Bitcoin is now between 77% and 86% through that window. 

Bitcoin Price After Halvings
Bitcoin Price After Halvings | Crypto Birb

He said this puts the market inside the “hot zone,” a stage when investors need to act with extra caution. Birb warned that every prior peak has led to a steep drop of 70% to 80% within the next 370 to 410 days, making a 2026 bear market almost certain.

He pointed out that Bitcoin recently pulled back to $109,800 from its August high of $124,100. According to him, local support sits between $107,700 and $108,700, while resistance lies near $113,000 to $114,100. He cautioned that a drop below support could invite stronger selling, but holding those levels would keep the structure intact.

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