hodler

22 May 2026, 10:33

SUI price tests key support despite gasless stablecoin transfer launch

SUI price has slipped towards $1.04 as broader cryptocurrency market weakness continues to temper enthusiasm. The token is down nearly 2% in the past 24 hours, with prices dropping even as Sui pushes to expand its utility by enabling fee-free stablecoin transfers. However, as Sui seeks to attract payment flows amid growing stablecoin volumes on the chain, could bulls bounce back to test key resistance levels? The opposite could be a dump to recent support zones. Sui eyes stablecoin adoption Sui’s price struggles come in the week the protocol introduced gasless stablecoin transfers for seven tokens, including USDC. The move means Sui has removed transaction fees for users and positioned the network as a low-cost rails option for global payments. Under the new configuration, users no longer need to hold SUI to send USDC and other supported stablecoins. In this case, the protocol’s gasless feature may materially change user behavior. https://twitter.com/i/status/2057560872390885473 With no per-transfer SUI requirement, stablecoin activity can occur without direct demand for the native token at the point of transfer. That convenience could accelerate stablecoin volume growth on Sui, potentially eroding some market share from entrenched rails such as Tron and Ethereum. For context, the combined stablecoin market capitalization on TRON and ETH stands at roughly $90 billion and $163 billion, compared with a much smaller $500 million stablecoin market cap on Sui. While Sui’s stablecoin market cap remains modest, the removal of transaction fees lowers the barrier for institutional and retail flows to the network. SUI price forecast Network metrics offer mixed signals. SUI’s total value locked (TVL) has decreased significantly from approximately $4.3 billion in October to less than $600 million today, reflecting both withdrawals and the reallocation of liquidity across DeFi ecosystems. The gasless stablecoin capability is an attempt to reinvigorate on-chain activity and attract payment-focused use cases that historically favour lower-cost chains. Meanwhile, technical and on-chain dynamics suggest the token’s price is likely to remain rangebound in the short term unless market-wide risk appetite improves. After the gasless stablecoin announcement, SUI rose modestly from $1.08 to $1.16 on May 21. However, gains were quickly capped amid a broader market pullback. The token has largely stabilized after a pronounced correction from highs above $4.30 in July 2025 and is currently testing an important support zone around $1.10. Sui price chart by TradingView Looking at intraday metrics, we can see trading volume has increased over the past 24 hours. CoinMarketCap data shows this market activity gauge is up about 15% and indicates renewed participation. However, buyers must sustain that momentum for a convincing rally. If buying pressure continues and broader sentiment turns constructive, SUI could test resistance in the $1.20–$1.40 range as traders re-price the token for improved utility and the potential for higher stablecoin throughput on the network. On the flipside, failing to hold the $1.10 support could open the door to deeper declines, with $0.80 likely a downside target. Sustained sell-off pressure could emerge below that level, aligning with both reduced confidence in demand for the token and the broader market’s negative bias. The post SUI price tests key support despite gasless stablecoin transfer launch appeared first on Invezz

22 May 2026, 10:30

XRP Sees 4th-Largest Wallet Growth Spike Of 2026, Santiment Says

XRP registered one of its strongest network-growth bursts of the year, with Santiment reporting 4,300 new wallets created in 24 hours, the fourth-largest spike of 2026. The analytics firm said the move matters because “network growth is among the top leading signals to identify reversals,” placing the wallet surge alongside a set of on-chain metrics that suggest XRP is trading in a lower-risk zone than usual. Santiment Points To Undervalued Setup For XRP The data point was also shared by Santiment’s Brian Quinlivan in yesterday’s livestream. The XRP segment stood out for a combination of fresh wallet creation, depressed profitability metrics and relatively subdued crowd sentiment. Quinlivan said XRP’s MVRV setup looked “pretty similar to Ethereum,” but with an even deeper long-term drawdown among active holders. According to the Santiment data cited during the livestream, XRP’s 365-day MVRV sat around negative 35.12%, while its 30-day MVRV had slipped back into negative territory at roughly negative 3%. Related Reading: XRP’s Big Buyers Returned In April But left In May: Capital Inflows Data Explains The Shift That combination, he argued, places XRP in a statistically less overheated position than during periods when recent and longer-term holders are sitting on large unrealized gains. “Again, that golden rule, they’re both below zero, meaning you’d be buying whether you’re doing short or long-term trading at a less risky point than the average moment in XRP’s 11, 12 year history now,” Brian said. He was more forceful on the long-term figure, noting that readings below negative 30% tend to mark a point where the average active holder has already absorbed substantial losses. “Anything below 30, no matter what asset you’re looking at, that’s something that should provide confidence in your investment because you have something that quantifies how much blood in the streets there is,” he said. “You can buy knowing that your fellow peers that you’re trading against, you’re not on the same team just because they’re investing in the same asset. You’re buying when those fellow peers have already experienced immense losses that you haven’t because you’d be opening a fresh new entry into XRP.” Related Reading: XRP Declines 8%, But Whales Scoop Up 71 Million Tokens Sentiment data added another layer to the setup. Brian said XRP’s social tone had been “pretty up and down lately,” but leaned more negative than usual, which Santiment typically treats as constructive from a contrarian perspective. The asset was showing about 1.7 bullish comments for every bearish comment, a level that may sound elevated in isolation but is below XRP’s usual social baseline, which Brian said tends to run closer to a 2-to-1 bullish ratio. Outside of one outlier around May 14, he said XRP sentiment had remained below its typical average for roughly the prior 10 days. That matters because, in Santiment’s framework, overheated bullishness often appears closer to local tops, while apathy or frustration can emerge near more attractive entries. The livestream also framed XRP within a softer altcoin environment. Brian noted that many assets have faced negative sentiment because they failed to follow Bitcoin into a more convincing rally. He pointed to the way market attention around specific integrations or partnerships can fade quickly if price does not respond, referencing XRP-related hype around a Rakuten partnership roughly a month earlier as an example of how narratives can lose traction without confirmation from the market. At press time, XRP traded at $1.36. Featured image created with DALL.E, chart from TradingView.com

22 May 2026, 10:30

Trump Media Sends 2,650 Bitcoin Worth $205M to Crypto.com, Raising Treasury Questions

A wallet linked to Trump Media & Technology Group has moved 2,650 bitcoin to crypto exchange Crypto.com, a transfer worth approximately $204.93 million that has prompted fresh questions about the company’s bitcoin treasury management. Trump’s Treasury Strategy Draws Scrutiny Onchain data shows a Trump Media-linked address depositing 2,650 BTC, valued at roughly $204.93 million, to

22 May 2026, 10:29

Polymarket Taps Jupiter Exec to Lead Japan Push: Report

The prediction market has reportedly appointed a representative in Japan as it aims to secure authorization to operate there by 2030.

22 May 2026, 10:26

Polymarket Admin Wallet Exploited on Polygon, Says ZachXBT

Popular on-chain sleuth ZachXBT warned earlier today that an admin address of Polymarket appeared to have been compromised on the Polygon blockchain. At first, he noted that the stolen amount was around $520,000. However, follow-up updates from Bubblemaps and Lookonchain explained that the actual amount might have surpassed $600,000. 2/ @zachxbt was the first to share the exploit and identify that it was a Polymarket UMA CTF adapter contract. The attacker has already split the funds across 15 addresses. More updates soon. Attacker address: https://t.co/G9sNVvunkT — Bubblemaps (@bubblemaps) May 22, 2026 The attacker split the funds across 15 addresses after exploiting Polymarket’s UMA CFT adapter contract. Polymarket’s Shantikiran Chanal acknowledged the attack on X, saying that the team is “aware of the security reports linked to rewards payout” before adding that “user funds and market resolutions are safe.” Chanal also explained that the team is investigating whether any other internal secrets may have been affected and that they are rotating their backend services. The post Polymarket Admin Wallet Exploited on Polygon, Says ZachXBT appeared first on CryptoPotato .

22 May 2026, 10:23

Mark Cuban remains bullish on Ethereum

Mark Cuban, a billionaire investor and television personality, says that he has sold most of his Bitcoin ( BTC ) because the cryptocurrency failed as a hedge against inflation . In contrast, he remains bullish on Ethereum ( ETH ). Speaking on the Front Office Sports show , Cuban, who had previously viewed Bitcoin as a better version of gold , argued that the leading digital asset hasn’t benefited at all from the weakening dollar and rising geopolitical tensions. Touching on the ongoing Iran conflict, the entrepreneur said that gold rallied sharply while Bitcoin declined, undermining its long-standing investment thesis as an alternative to fiat. “I think Bitcoin has lost the plot. When I started buying Bitcoin – and I’ve sold all of it (except not all of it, but most of it) – it was because when all the shit hit the fan with the Iran war and all, Bitcoin was always the best alternative to fiat currency losing its value,” Cuban said. Mark Cuban on crypto: "Bitcoin has lost the plot. I always thought it was a better version of gold than gold. Well, gold just blew up, Bitcoin dropped. Not the hedge I expected it to be." says he sold most of his BTC. as for memecoins? "garbage." https://t.co/EgH1rd5GGJ pic.twitter.com/oYRMye3DEg — Daniel Roberts (@readDanwrite) May 21, 2026 ‘Ethereum is less disappointing than Bitcoin’ In Cuban’s view, Bitcoin should have rallied every time the dollar went down, which it didn’t. While the expectations may appear highly unrealistic, the remarks are noteworthy as they represent a notable shift for the billionaire. Indeed, Cuban had publicly defended ‘digital gold’ as a superior alternative to gold for years because of its fixed supply and decentralized structure. In a 2021 appearance on The Delphi Podcast , for example, he said his crypto portfolio was made up of roughly 60% Bitcoin. “I always thought it was a better version of gold than gold. Well, gold just blew up and went to $5,000. Bitcoin dropped. Every time the dollar, Bitcoin should’ve gone up because it was priced in dollars… Not the hedge I expected it to be… I’d say I’m more disappointed in Bitcoin, not so disappointed in Ethereum,” he added. Compared to Bitcoin, Cuban views Ethereum as ‘less disappointing,’ and as for the other cryptocurrencies, the businessman simply dismissed most of them as ‘garbage.’ Featured image via Shutterstock The post Mark Cuban remains bullish on Ethereum appeared first on Finbold .