On-chain indicators diverged from UNI’s bearish spot-price trend. The data pointed to a change in the composition of holders.

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.

Baton Corporation, the UK-registered company behind Solana memecoin launchpad Pump.fun, posted a Chief Legal Officer job opening on June 24 with a salary range of $1 million to $5 million a year. Co-founder Alon Cohen promoted the role, saying the hire would take ownership of the company’s regulatory and litigation posture. Baton is defending a consolidated class action in the Southern District of New York and a separate RICO claim that could expand its legal and financial exposure.

XRP is extending a broader downtrend as traders assess whether the token is headed for another push below $1 or setting up for a reversal. Price action has weakened after breaking down from a months-long range, while indicators show heavy selling pressure alongside signs of a bounce from oversold levels. The outlook also hinges on declining XRP dominance and whether renewed whale positioning can support a turnaround.

Grayscale says revenue-generating crypto protocols are trading at unusually low multiples. It argues these valuations create attractive entry points.

Solana is trading at $68, with spot volumes dominating on-chain activity and a market cap of $40 billion. Perpetual trading activity, however, is notably limited. The article points to market-structure constraints as a key reason for the gap between spot strength and muted perp participation.

Solana treasury and infrastructure firm Solmate Infrastructure says its dispute with RockawayX has widened beyond a failed acquisition. The company says the conflict has become a broader fight over governance, valuation, and shareholder control.

Australian lawyer and XRP community commentator Bill Morgan says Ripple should relock less of its monthly 1 billion XRP escrow release. He argues that accelerating the move to full circulating supply would strengthen XRP’s case as “hard money” and remove a supply overhang weighing on sentiment. Ripple CTO Emeritus David Schwartz has pushed back on accelerating the schedule, drawing a firm line against more aggressive proposals.