Not because of a new product because traders noticed Elon brought the Asteroid plushie to the SpaceX IPO celebration.
For those who don't know: โข The Asteroid plushie is tied to the story of a teen cancer patient and the Polaris Dawn mission. โข Now... due to the $SPCX connection, the market is treating it as an Elon meme coin.
ASTEROID has already added over $30M in market cap from the lows.
A reminder that in crypto, narratives often move faster than fundamentals.
The market is brutal. A lot of people see a coin pump 50%, 100%, even 200%, open a trade, watch their PnL go green, but never actually take profit. A few days later the profit is gone and the position is deep in the red.
Just look at todayโs top 4 losers. I had already warned about every single one of them. If you scroll my timeline, youโll see I was calling $SIREN , $COAI , $VELVET and BEAD dead while most people were still chasing the pumps. In crypto, by the time everyone becomes bullish, smart money starts taking profits
In crypto, making money is not the hard part. The hard part is knowing when the story is over. #siren
A coin can still pump after itโs dead. Thatโs what traps people.
Donโt fall in love with green candles. Protect your capital first.
Similar to the reactions around $97K and $82K, price may revisit the $70Kโ$72K area before any real shift.
As long as Bitcoin remains within the 4-year cycle structure, the cycle low is likely still ahead, potentially toward the end of Q3.
If another lower high forms first, it could eventually roll over into a deeper move toward the $55K region, where the broader cycle bottom may develop.
๐จ Is $XRP About to Break Out? Korean Traders Are Moving XRP Again
A surge in buying activity from South Korea's largest crypto exchange, Upbit, has sparked fresh speculation about a potential breakout. $XRP is once again testing key resistance levels, with many watching the $1.20 zone as the next major milestone. ๐
What's interesting is that this isn't just about price action. Historically, strong Korean demand has often preceded increased market volatility and momentum shifts for XRP.
If buyers manage to absorb the current selling pressure, a move above resistance could trigger another wave of bullish sentiment. But until then, it's still a battle between momentum and overhead supply. ๐
My take: XRP is approaching a decision point. The volume is there, the attention is growing, and the market is looking for confirmation. #xrp
The next few sessions could determine whether this is just another bounce or the start of a larger move.
A lot of people are still asking me if $H will recover.
Honestly, I donโt think people realize how much damage has already been done here.
Yes, $H bounced from around $0.06 to almost $0.58 and gave nearly a 9x move from the lows. But that doesnโt automatically mean everything is fine again.
What makes me uncomfortable is the whole story around the hack. We were told the Alpha contract got hacked, but somehow $H still pumped hundreds of percent afterward. Maybe Iโm missing something, but that doesnโt look normal to me.
Right now funding is getting crazy, people are getting bullish again, and Iโm seeing more and more traders calling for another big pump.
Personally, Iโm not buying that story.
Maybe the team recovers. Maybe they donโt.
But if you ask me, I think thereโs a much better chance of seeing $0.10 again than seeing new highs anytime soon.
This is what made the market pay attention: after SpaceXโs Nasdaq debut, Michael Saylor pointed out that Bitcoin is no longer just a crypto market story. It is slowly becoming a corporate treasury story too, especially when companies linked to Elon Musk are part of the conversation around $BTC .
The numbers started the debate:
๐น SpaceX holds: 18,712 BTC
๐น Tesla holds: 11,509 BTC
๐น Combined holdings: 30,221 BTC
I think this is the real signal: the SpaceX IPO was not only about rockets, valuation, or Nasdaq hype. It also reminded the market that some of the biggest tech-related companies are already holding Bitcoin on their balance sheets. And even if they are still far behind Strategy, the direction is clear: corporate Bitcoin adoption is becoming harder to ignore.
Today $COAI dumped over 50% from $0.72 to $0.38 ๐.
People were excited after seeing 80%+ pump and was calling for $1-$2 level. But I knew that this coin will dump hard.
These coins donโt trade like normal projects. They trade on momentum, liquidity and whale activity. One short squeeze can send them up 70-80% in a day, and one round of profit-taking can erase days of gains in a few hours.
This is the reason that $COAI was once trading above $44 and then lost almost all of its value within few hours.
The interesting part is that COAI has now completed this same cycle multiple times. Big pump, massive attention, everyone starts talking about old ATHs and then it dump hard.
Most coins that crash 95-99% donโt come back to make new ATHs.
They just create one more pump, one more story, one more wave of FOMO, and then trap a new group of buyers.
๐จ Has $MEGA finally bottomed after 45 days of straight bleeding? ๐
$MEGA was one of the most hyped launches out there.
After weeks of nonstop selling, itโs finally showing its first real sign of life. Bottom formed around $0.042 Reclaimed the $0.05 zone Volume is finally coming back in
If this momentum holds, Iโm watching the $0.08 to $0.12 area next.
Even after this bounce, $MEGA is still around 35% below its public sale price and over 80% down from the launch spike.
Now letโs see if this is the real reversal or just another dead cat bounce.
๐ While most crypto traders are focused on $BTC next move, another trend is quietly gaining momentum.
According to CoinMarketCap Research, Binance accounted for $1.68 billion of the $2.94 billion traded in pre-IPO contracts, capturing 57% of the entire market.
This shift highlights a bigger transformation - crypto infrastructure is making access to private-market investments available to a much broader audience, opportunities that were once reserved mainly for institutions and venture funds.
CoinMarketCap analysts believe the industry is moving toward a future where crypto, stocks, ETFs, and other assets can all be traded from a single platform.
Do you think crypto exchanges will eventually become the main gateway to all investing? ๐
Bitcoin Monthly Returns: Is June 2026 Already a Lost Cause for Bulls? ๐ฅ
We are halfway through June, and looking at the historical monthly returns matrix, the immediate outlook for $BTC isn't looking pretty. As of right now, Bitcoin is sitting at a painful -12.67% for the month.
Unless the bulls pull off an absolute miracle over the next two weeks, it is highly unlikely we will close this month in the green.
June has always been a tricky transition month for $BTC . Looking at the bottom, June holds a negative historical Average of -1.03% and a Median of -0.49%. It is fundamentally a month where liquidity dries up, and capital tends to rotate.
Following a decent April (+11.87%), the market printed a slight red candle in May (-3.41%), and that downside momentum has aggressively accelerated into June.
If June closes red, it will mark the 4th negative month out of 6 for 2026 so far.
๐ What is your thesis for the rest of the month?
Space Exploration Technologies Corp wrapped up day one with a +19.22% explosion, closing at $160.95 after launching from a $135 base. But while Wall Street pops champagne, what's happening in the crypto trenches?
$BTC is grinding sideways at $64,375. While SPCX printed a green wall, crypto is stuck in a chop zone with an RSI sitting at a very neutral 57.23.
The IPO day frenzy is over. Once this cools down, that sidelined capital will start looking for a new high-beta home. With $BTC holding $64.3k through the drain, the spring is coiling.