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20 Apr 2026, 16:20
ZachXBT Flags Suspicious MemeCore Withdrawals on Kraken
On April 20, ZachXBT raised questions on how Kraken listed Memecore’s M token for spot trading on July 3, 2025, mentioning $7.9 million in suspicious withdrawals to 18 new wallets and a team wallet depositing 5.3 million M tokens on the exact listing day. The on-chain investigator allegedly mentioned the price manipulation that increased the M’s market capitalization to $6 billion with $18 billion FDV. Despite these serious allegations, M token’s price soared by around 3% in the last 24 hours after a recognition from Grayscale. On April 20, a very popular on-chain sleuth, ZachXBT, raised serious questions on a very renowned cryptocurrency exchange, Kraken, that shook the entire crypto community. On April 20, ZachXBT raised questions about how the crypto exchange decided to list MemeCore’s M token for spot trading on July 3, 2025. Why did Kraken list $M (Memecore) on July 3, 2025 for spot and how did it pass due diligence? $7.9M in suspicious Kraken withdrawals to 18 newly created addresses with 11.7 $M sitting total (valued at $39.8M now). Insiders have manipulated the price to $6B market cap ($18B FDV)… pic.twitter.com/pL7oroZ4lJ — ZachXBT (@zachxbt) April 20, 2026 ZachXBT Questions Kraken’s Due Diligence Over MemeCore (M) Listing In the detailed post on X, ZachXBT mentioned suspicious movements of millions of dollars worth of M tokens right around the time of listing. He suggested that insiders may have used the listing event to push the token’s price much higher. The token reached a market capitalization of $6 billion and a fully diluted valuation of $18 billion during this event. ZachXBT warned that while insiders benefit from this, normal traders could be left holding the bag once the price corrects. The on-chain investigator broke down his findings in simple terms for regular traders to understand. He first mentioned big withdrawals coming from the Kraken exchange. About $7.9 million worth of M tokens were withdrawn from the exchange to 18 different new wallet addresses shortly after or around the time of listing. Those wallets now hold around $11.7 million M tokens, and the current value of that holding is around $39.8 million. Look at the liquidity onchain for its $M token lol pic.twitter.com/hMYCUmD8Dx — ZachXBT (@zachxbt) April 20, 2026 ZachXBT also mentioned insider deposits that happened on the very day of listing. A wallet suspected to belong to the MemeCore team, which received 200 million M tokens at launch, sent 5.3 million tokens directly to two Kraken deposit addresses on the exact same day of July 3, 2025. This timing raised questions about whether the team had advance knowledge or special access around the listing event. Kraken is one of the biggest cryptocurrency exchanges for spot trading. It is one of the few major exchanges that offers spot trading for M, and ZachXBT says this has helped enable price manipulation. The availability of spot trading on a major platform like Kraken gives the token a level of legitimacy and access that many smaller tokens do not have. ZachXBT has also pointed out a major gap between the project’s public updates and its market valuation. The MemeCore team’s recent updates mostly talk about $66 million in trading volume on their launchpad and thousands of users gained through paid incentive campaigns. According to him, the team has not shown much real product progress that would normally justify a huge market capitalization. In the latest post on X, the on-chain sleuth directed a direct question to Kraken exchange. He asked why the crypto exchange decided to list M tokens for spot trading, and how exactly the token passed the exchange’s due diligence checks. Despite such serious allegations of insider trading on the leading crypto exchange, MemeCore’s price has soared by around 3%, increasing its value to $3.54 with a market capitalization of $4.58 billion, according to CoinMarketCap . MemeCore is a leading Layer 1 blockchain made for “Meme 2.0.” While traditional memecoins just rely on temporary hype, MemeCore wants to change that by turning internet memes into real communities with economic value. It has a native token called M, which users use to pay fees, stake, vote, and earn rewards. The project also has features like MemeX. It is an easy no-code launchpad for new meme tokens. The project recently got recognition from Grayscale. Also Read: Aave Hit by KelpDAO rsETH Hack, AAVE Price Slides Below $100
20 Apr 2026, 16:10
Five times President Trump made a statement that moved bitcoin, and why it might happen again this week
Trump’s social media posts and statements to news reporters have triggered 5% to 12% swings in the price of bitcoin, blurring the lines between policy and market manipulation.
20 Apr 2026, 16:08
Trading XRP on WhatsApp? wXRP on Solana Makes It Real
wXRP Goes Live on Solana, Enabling WhatsApp-Based Trading Through AI Bots XRP has entered an unexpected new space in everyday communication, as wrapped XRP (wXRP) goes live on the Solana blockchain, enabling crypto trading directly through WhatsApp for the first time. The update builds on the April 17 launch of wXRP, powered by LayerZero and Hex Trust, which bridged XRP into Solana as an SPL token. What began as a technical integration is already turning practical, with users now swapping assets directly inside a messaging app they use every day. A screenshot shared on X, formerly Twitter, by Solana Labs co-founder Toly sparked buzz across the crypto community after showing a WhatsApp chat where a user swapped 0.1 SOL for roughly 5.99 wXRP. The message that accompanied it joked : “I just bought XRP on Solana through WhatsApp. Solana is officially ready for boomers.” Beyond the humor, the moment points to a clear shift in how crypto is being accessed. Instead of dealing with exchanges, wallets, and complex trading interfaces, users can now execute swaps through simple chat prompts. AI-powered agents interpret these natural language requests and route them through Solana’s DEX aggregators, effectively turning everyday messaging apps into on-chain trading tools. wXRP on Solana Signals a New Era of Chat-Based DeFi and Seamless XRP Utility This integration expands XRP’s reach into a wider DeFi ecosystem. With wXRP now live on Solana, the token can flow through lending platforms like Kamino and liquidity hubs such as Raydium, pushing its use case beyond payments and speculation into active on-chain finance. Industry leaders have also weighed in. Ripple CEO Brad Garlinghouse called the development a key milestone, highlighting its potential to boost XRP demand by improving accessibility and real-world utility. Behind the scenes, non-custodial wallets are being linked to AI agents built directly into familiar messaging apps, removing friction between users and blockchain infrastructure. The result is a seamless experience where the complexity of crypto runs quietly in the background of a simple chat interface. Momentum around wXRP has accelerated rapidly. A Solana executive recently demonstrated the system by purchasing $10,000 worth of XRP to showcase the wrapping process, alongside reports that wXRP liquidity climbed past $1 million within just 24 hours. What’s taking shape is a new layer of crypto usability,where trading no longer feels like a separate action, but unfolds naturally within everyday conversations.
20 Apr 2026, 16:05
Bitcoin Up 24% From February Lows, But Breakout in Doubt
Bitcoin (BTC) is trading around $75,000, about 24% higher than its recent bear-market low, thanks to a combination of institutional buying and geopolitical intrigue. However, on-chain data show the story is more complicated, with weaker holders offloading coins and whales sending more BTC to exchanges, casting doubt on whether we are witnessing a real trend reversal or just another bear-market bounce. Strategy’s Billions Will Not Be Enough to Break the Ceiling According to analyst JA Maartunn, Strategy’s raising of about $2.7 billion in just two days last week was one of the biggest catalysts for the uptick in Bitcoin’s price. And today, the firm made one of its biggest BTC purchases in years, when it acquired more than 34,000 BTC for about $2.5 billion. However, all that activity still hasn’t been enough to keep the flagship cryptocurrency above the $77,000-$78,000 range, as noted by fellow market watcher Ted Pillows. Maartunn explained that the reason we haven’t seen prices breaking higher may be because of two groups of sellers: short-term holders (STHs), who have moved approximately 60,000 BTC to exchanges, with their SOPR reading below 1 and confirming they are selling at a loss; and whales, who have increased their exchange inflows, which is a sign that they too are distributing into the current price range. But there is one encouraging undercurrent: over the last 30 days, the supply of Bitcoin in the hands of long-term holders (LTHs) has increased by 354,000 BTC. According to Maartunn, that accumulation means that the asset is rotating from weaker, more reactive hands into those with a longer time horizon, something he says is a stabilizing force. But even with this, combined with Strategy’s latest buy, the analyst is preaching caution. “The key question: is it enough to push Bitcoin higher?” he wondered. “For now, this still looks like a bear market rally… But a strong breakout could quickly shift the trend.” Geopolitics Is Adding Fuel to an Already Unstable Mix The macro backdrop is doing little to help Bitcoin’s cause, with the asset reaching as high as $78,400 last Friday after Iran’s foreign minister announced that the Strait of Hormuz had reopened and US President Donald Trump made positive noises regarding peace talks between the two nations. However, Iran rubbished Trump’s claims, and subsequent strikes against each other caused BTC to drop below $74,000. At the time of writing, the cryptocurrency had gone back above $75,000, representing a 6% increase in the last 7 days and nearly 9% over two weeks. However, it is still down by more than 11% on a one-year basis and still around 40% below its all-time high of over $126,000. Meanwhile, in his assessment, Pillows said $72,000 is a key level for Bitcoin, and if it loses this, then it could retrace the entire “ceasefire pump.” The post Bitcoin Up 24% From February Lows, But Breakout in Doubt appeared first on CryptoPotato .
20 Apr 2026, 16:02
xrp price holds at $1.43 as analysts see major test
🚨 XRP is holding at $1.43 while technical debates heat up. Some analysts say recent price drops are just clearing the market. Continue Reading: xrp price holds at $1.43 as analysts see major test The post xrp price holds at $1.43 as analysts see major test appeared first on COINTURK NEWS .
20 Apr 2026, 16:00
Bitcoin’s Decentralization Narrative Under Fire After Epstein Files Claims
For over a decade, Bitcoin has been championed as a financial system beyond the reach of government institutions or elite influence. Its decentralization narrative, built on open-source code, distributed consensus, and a global network of participants, has made it a symbol of financial independence. However, fresh waves of speculation tied to the Epstein files are now challenging that perception, pushing the conversation into more uncomfortable territory. Who Actually Influences The Bitcoin Network In Practice? A narrative is spreading that the Jeffrey Epstein Files reveal that Israel hijacked control of the Bitcoin network over a decade ago. The Matrixbot revealed on X that Israel was paying salaries of 60% of BTC core developers and offered highly exclusive gifts behind the scenes. Related Reading: Bitcoin Pioneer Adam Back Addresses Mention In Epstein Files Furthermore, Epstein and Israel were also the major investors in Blockstream, a company that works with Tether and exerts significant influence over BTC. They can manipulate the BTC price by issuing unbacked Tether, controlling the network code because they hired most of the developers, and own a majority of the nodes. According to Matrixbot, this claim shows that Israel has direct access to the code and influence over the BTC. The idea of decentralization is clearly illusory, and it is deeply concerning that the network could be manipulated by a single state operating behind the scenes. Record Realized Losses Signal Extreme Market Stress In Bitcoin This bear cycle has driven Bitcoin into one of the largest aggressive realized losses in dollar regimes in its history. OnChainMind has noted that at the peak of the downturn, the network recorded nearly $1 billion per day in net realized losses. Data shows that the bulk of the early selling pressure originated from investors who had entered the market just 3 to 6 months ago, often referred to as weak hands. Related Reading: Bitcoin LTH Data Turns Cautious: Supply Rises, But SOPR Stays Below 1.0 Currently, a more resilient cohort of holders who held for 6 to 12 months is beginning to show signs of strain. Historically, when progressively stronger hands begin to capitulate, it signals a late-stage bear market dynamic. Crypto trader known as ctm_trader has also pointed out that Bitcoin has been grinding higher, with 7 out of the last 8 two-day candles closing green. This kind of non-stop upward price action is often difficult to sustain, leading to massive liquidations. The last time BTC printed a similar structure, the price pulled back nearly half the move within hours, triggering large-scale liquidations and wiping out millions. Now, the liquidity sitting below is even larger. At the same time, indicators are flashing an overbought market. As the recent price action and structure are bearish, and BTC just swept the recent highs, it raises the possibility that the market could be positioning for a larger move to the downside. Featured image from Peakpx, chart from Tradingview.com
