狗狗币经历了冲锋，交易价为$0.2353，24小时内上涨了6%，这使其在8月份几乎涨了20%。

DOGE

在经历了八月初的缓慢开局后，狗狗币似乎终于加快了步伐，同时本周也获得了显著的收益。

当前，作为小币种领头羊的狗狗币价格为$0.2353，在过去24小时内上涨了近6%。这些收益进一步巩固了DOGE近20%的i

Dogecoin has experienced a surge in value, trading at $0.2353 with a 6% increase in 24 hours, contributing to its nearly 20% rise in August.

After seeing a slow start to August, Dogecoin appears to have finally picked up the pace, while also picking up significant yields this week 

The memecoin pack leader is currently trading at $0.2353, up by nearly 6% in the last 24 hours. Those gains further reinforce DOGE’s near 20% i

Doge Price Rally Fueled by $6M Corporate DOGE Buy: A Technical Breakdown

狗狗币价格上涨受到600万美元企业买入DOGE的推动：技术分析

Terraform Labs的联合创始人Do Kwon将对与2022年Terra USD崩溃相关的电汇诈骗和共谋指控认罪，面临最长25年的监禁。他的法律问题涉及多个国家，导致对他的民事欺诈裁定。

现已破产的Terraform Labs的联合创始人Do Kwon的漫长法律斗争达到了转折点。Kwon据报道已通知美国法院，他将对针对他的电信欺诈和共谋欺诈指控认罪。

这发生在与Terra USD崩溃相关的多年调查和审判之后，这是一种所谓的算法稳定币。2022年，这种数字代币的崩溃使数百亿的价值蒸发，并在全球加密市场引发了震荡。

## Do Kwon 放弃审判，面临最高 25 年监禁

根据路透社报道，这位33岁的创始人在法庭上表示，他将放弃接受审判的权利。

据报道，权承认他做出这个决定时完全知道自己可能面临长达25年的监禁。这一确认是在美国地方法官保罗·恩格尔梅尔的一份通知之后，通知中指出权可能会改变他的认罪态度。

此法律案件始于2023年3月，当时美国检方对Kwon提出了广泛的指控。他被指控犯有电信欺诈、市场操纵、证券欺诈、商品欺诈、洗钱和共谋欺诈。

## Terra USD 崩溃引发重大加密货币崩盘

这些费用是在Terra USD突然崩溃后产生的。与由真实货币或资产支持的常规稳定币不同，Terra USD使用复杂的计算机程序和其合作代币Luna来保持其价格稳定。

最初，这个代币取得了巨大的成功，吸引了数十亿投资者，使权广受欢迎于加密行业。然而，在2022年，Terra的系统失败，Luna的价值崩溃。这导致了加密市场的重大危机，并导致其他几家加密公司的倒闭。

自从其重大金融危机以来，Terraform Labs 一直在努力偿还受 Terra 崩盘影响的投资者。2025年3月，该公司推出了一个在线索赔门户，供受影响的受害者使用。

## Terraform 联合创始人被引渡到美国，因民事欺诈被判有罪

权的法律问题跨越多个国家。2023年3月，他因使用伪造的旅行证件在黑山被捕。美国和韩国均已发出逮捕令。

经过在黑山几个月的审理，他于2024年12月被引渡到美国。

除了刑事案件外，Kwon 和 Terraform Labs 还面临由美国证券交易委员会（SEC）于2023年2月提出的民事诉讼。审判于3月开始，Kwon 并未出席。年末，陪审团裁定该机构胜诉，认为 Terraform 和 Kwon 都误导了投资者，构成民事欺诈。

陪审团同意证券交易委员会的说法，即Kwon和Terraform通过在买卖与Terraform相关的证券时实施欺诈，违反了联邦证券法。

The post Terraform 的 Do Kwon 将在 Terraform 欺诈案中认罪 appeared first on TheCoinrise.com.

Do Kwon, co-founder of Terraform Labs, will plead guilty to wire fraud and conspiracy charges linked to the 2022 Terra USD collapse, facing up to 25 years in prison. His legal troubles have spanned multiple countries, leading to civil fraud findings against him.

The long-running legal saga of Do Kwon, co-founder of the now-defunct Terraform Labs, has reached a turning point. Kwon reportedly has informed a U.S. court that he will plead guilty to wire fraud and conspiracy to defraud charges levied against him 

This comes after years of investigations and trials linked to the collapse of Terra USD, a so-called algorithmic stablecoin. The collapse of the digital token in 2022 wiped out tens of billions of dollars in value and sent shockwaves through the global crypto market.

## Do Kwon Waives Trial, Faces Up to 25 Years in Prison

According to Reuters, the 33-year-old founder told the court he would give up his right to a trial 

Reportedly, Kwon admitted to this decision knowing fully well he could face up to 25 years in prison. This confirmation followed a note from the U.S. District Judge Paul Engelmayer indicating that Kwon might change his plea.

This legal case started in March 2023 after the U.S. prosecutors filed sweeping charges against Kwon. He was accused of wire fraud, market manipulation, securities fraud, commodities fraud, money laundering and conspiracy to commit fraud 

## Terra USD Crash Sparks Major Crypto Meltdown

These charges came after the sudden crash of Terra USD. Unlike regular stablecoins backed by real money or assets, Terra USD used complicated computer programs and its partner token, Luna, to keep its price steady 

At first, the token became hugely successful, attracting billions from investors and making Kwon widely popular in the crypto industry. However, in 2022, Terra’s system failed, and Luna’s value collapsed. This caused a major crisis in the crypto market and led to the downfall of several other crypto companies.

Since its major financial crisis, Terraform Labs has been working to pay back investors who were affected by the Terra collapse. In March 2025, the firm launched an online claims portal for affected victims.

## Terraform co-Founder Extradited to U.S., Found Guilty of Civil Fraud

Kwon’s legal troubles spanned multiple countries. In March 2023, he was arrested in Montenegro for using forged travel documents. Both the U.S. and South Korea had issued arrest warrants 

After months of proceedings in Montenegro, he was extradited to the U.S. in December 2024.

Beyond the criminal case, Kwon and Terraform Labs faced a civil lawsuit filed by the U.S. Securities and Exchange Commission (SEC) in February 2023. The trial began in March without Kwon’s presence. Later in the year, a jury ruled in the agency’s favor, stating that both Terraform and Kwon had misled investors and were guilty of civil fraud.

The jury agreed with the SEC’s claims that Kwon and Terraform violated federal securities laws by committing fraud in the buying and selling of Terraform-related securities.

The post Terraform’s Do Kwon Set to Plead Guilty in Terraform Fraud Case appeared first on TheCoinrise.com.

Terraform’s Do Kwon Set to Plead Guilty in Terraform Fraud Case

Terraform 的 Do Kwon 将在 Terraform 欺诈案中认罪

Strategy，一家由Michael Saylor共同创办的公开交易美丽国公司，因关于其巨大的460亿美元BTC储备可能作为美丽国战略比特币储备的潜在后门而成为新闻焦点。这一猜测是在一位加密分析师声称Tom Lee的情况下产生的，

DROPS

BOMB

Strategy，这是一家由Michael Saylor共同创办的上市美丽国公司，因关于其巨额460亿美元BTC储备可能作为美丽国战略比特币储备的潜在后门的传闻而成为头条新闻。这一猜测源于一位加密分析师声称，著名金融分析师和华尔街策略师Tom Lee暗示Saylor可能代表美丽国政府购买BTC。

## 战略的 BTC 储备与美丽国比特币储备相关联

在比特币积累竞赛中，新的发展出现，因加密分析师Lupin在8月10日的X社交媒体上声称，Lee确认了他长期以来的看法，即Saylor可能正在为美丽国政府收购BTC。在最近的一次播客中，Lee透露，Strategy目前控制着比特币流通供应的3.2%，价值约为460亿美元。

这位华尔街策略师声称，该公司计划将其持有的BTC增加到至少一百万个，约占整个网络的5%。他将这一雄心勃勃的目标描述为建立一个“主权认购权”，这可能使Strategy的BTC储备对美丽国具有战略重要性。

尽管Strategy收购一百万BTC的目标可能是可实现的，但Lee认为美国政府公开进行这样的购买几乎是不可能的，因为这会引发极端的供应冲击。他声称，公开宣布如此规模的购买可能会缩小市场中的卖家，并立即将比特币的价格推至100万美元。基于这一观点，Strategy可以作为建立美国战略比特币储备的一个更为谨慎的渠道。

## 财政部可能正在为美国政府购买ETH

值得注意的是，李的声明与Lupin在加密市场中强调的重要机构举措相吻合。这位加密分析师报告称，在不到30天的时间里，Bitmine，一家区块链技术公司，已成为全球第25大资产的最大持有者。与此同时，至少有五家公司在2025年推出以太坊战略储备，计划筹集数十亿以积累ETH。

这波以太坊的突然上涨引发了Lupin的质疑，是否前五大财政之一也在悄悄代表美国政府购买ETH。分析师还指出，这些举动重新引起了人们对HEX创始人Richard Heart在2024年初积极积累以太坊的关注。根据Lupin的说法，Heart的决定现在看起来几乎是预言性的，因为在2025年中期随之而来的机构活动激增。

总体而言，Strategy不断增加的BTC积累、Bitmine的快速资产整合以及机构对ETH日益增长的接受度，让Lupin质疑当前市场的看涨程度。在这些变化中，Strategy保持了其激进的买入潮，最近又增加了155 BTC，价值1800万美元，加入其庞大的比特币投资组合。这家上市公司目前持有628,946 BTC，总共花费高达460.9亿美元，每个代币价格为73,288美元。

！[Bitcoin](http://img-cdn.gateio.im/social/moments-fe2a96deae7522ce985f38dd0583c450)

Strategy, a publicly traded American company co-founded by Michael Saylor, is making headlines as rumors swirl about its massive $46 billion BTC stash being used as a potential backdoor for a US strategic Bitcoin reserve. The speculation arose after a crypto analyst claimed that Tom Lee, a

Strategy, a publicly traded American company co-founded by Michael Saylor, is making headlines as rumors swirl about its massive $46 billion BTC stash being used as a potential backdoor for a US strategic Bitcoin reserve. The speculation arose after a crypto analyst claimed that Tom Lee, a well-known financial analyst and Wall Street strategist, suggested that Saylor might be buying BTC on behalf of the US government 

## Strategy’s BTC Stash Linked To US Bitcoin Reserve

A new development in the Bitcoin accumulation race has erupted after crypto analyst Lupin claimed in an August 10 post on X social media that Lee has confirmed his long-standing belief that Saylor may be acquiring BTC for the US government. In a recent podcast appearance, Lee revealed that Strategy currently controls 3.2% of Bitcoin’s circulating supply, valued at around $46 billion.

The Wall Street strategist had claimed that the company plans to boost its holdings to at least one million BTC, representing roughly 5% of the total network. He characterized this ambitious goal as establishing a “sovereign put,” potentially making Strategy’s BTC stash strategically important to the United States 

While Strategy’s goal of acquiring a million BTC may be achievable, Lee argued that it would be nearly impossible for the US government to make such a purchase openly without triggering an extreme supply shock. He claims that publicly announcing a buy of that scale would likely shrink sellers within the market and drive the price of Bitcoin to $1 million instantly. Based on this view, Strategy could serve as a more discreet channel for building a US strategic Bitcoin reserve 

## Treasury Could Be Buying ETH For US Government

Notably, Lee’s statement lands alongside significant institutional moves highlighted by Lupin within the crypto market. The crypto analyst reported that in under 30 days, Bitmine, a blockchain technology company, has become the largest holder of the world’s 25th biggest asset. Meanwhile, at least five corporations have launched Ethereum strategic reserves in 2025, with plans to raise billions to accumulate ETH 

This sudden rush in Ethereum has raised questions from Lupin about whether one of the top five treasuries could also be quietly buying ETH on behalf of the US government. The analyst also noted that these moves have renewed focus on HEX founder Richard Heart’s aggressive Ethereum accumulation in early 2024. According to Lupin, Heart’s decision now appears almost prophetic, given the surge of institutional activity that followed in mid-2025 

Overall, the convergence of Strategy’s escalating BTC accumulation, Bitmine’s rapid asset consolidation, and the growing institutional embrace of ETH has left Lupin questioning just how bullish the current market may be. Amid these shifts, Strategy has kept up its aggressive buying spree, most recently adding 155 BTC, valued at $18 million, to its massive Bitcoin portfolio. The publicly traded company now holds a total of 628,946 BTC, acquired for a whopping $46.09 billion at $73,288 per token 

![Bitcoin](https://img-cdn.gateio.im/social/moments-fe2a96deae7522ce985f38dd0583c450)

Tom Lee Drops Bomb On Strategy’s $46B Bitcoin Stash, Saylor Is Buying BTC For The US Government?

汤姆·李对战略的460亿美元比特币储备进行了重磅评估，赛勒是否在为美国政府购买BTC？

曾经备受赞誉的加密企业家Do Kwon，其公司Terraform Labs在400亿美元的市场崩溃中倒闭，最终在美国对电信欺诈和共谋欺诈认罪。
根据来自纽约南区美国地方法院的公开信息，Kwo

LUNA

LUNC

![Do Kwon 在美国因电汇欺诈和合谋以致 Terra 400 亿美元崩溃而认罪，面临长达 25 年的监禁。](https://img-cdn.gateio.im/social/moments-8a1ec336a6b2b924f563998585ca856c)Do Kwon，曾是一位备受赞誉的加密企业家，其公司 Terraform Labs 在 400 亿美元的市场崩溃中倒闭，他最终在美国认罪，承认电汇欺诈和合谋欺诈。

根据来自纽约南区美国地方法院的公开信息，权放弃了对他面临的九项刑事指控中的两项的审判权，并在周二的听证会上承认了有罪。

每项罪名的法定最高刑期为20年，检察官表示，如果连续服刑，合并的惩罚可能达到25年。

权的坚定立场在法庭上终于在压力下弯曲了

在从黑山被飞入后的一年多时间里，权坚决对每一项指控保持无罪辩护，从证券欺诈到市场操纵和洗钱。

他的律师们为一场可能会拖延到2026年初的审判做好了准备，检方警告说，审判因六千兆字节的证据和几台仍在等待破解的加密设备而变得缓慢。

现在，法庭记录显示，权在最近几周与检察官讨论后认罪。自八月以来，有报道称双方都在考虑达成协议。

虽然该协议仅解决了美国刑事案件中的两项指控，但它对其他待处理的指控——包括在韩国的指控——未作处理。

该请求也不会影响美国证券交易委员会今年早些时候已施加的45亿美元民事罚款。

## 这是多年Terra案件的结束吗？

判刑尚未安排，但法律分析师预计法庭将在未来几个月内设定日期。Terra崩溃的受害者——全球可能超过一百万——将有机会根据2004年的《全民正义法》提交声明。

美国司法部已经启动了一个专门的受害者通知网站，以管理这一前所未有的案件规模。

检察官也可能会要求大量的赔偿令，尽管跨多个司法管辖区追踪和恢复投资者损失的复杂性可能会延迟这些程序。

与此同时，韩国当局表示，他们仍然打算在美国诉讼结束后追究自己的刑事案件。

Kwon可能会面临更多的海外监禁时间。

## 权在压力下弯曲

几个月来，Kwon 将自己描绘成 Terra 崩溃的旁观者，而不是推动其发生的人。

然而，当检察官披露他们准备提供来自前Terraform内部人士的证词和关键财务记录时，他的法律辩护失去了优势，这些证据将Kwon直接与在TerraUSD崩溃前支撑其的欺诈行为联系起来。

2022年TerraUSD的崩溃是一种算法稳定币，旨在通过与其姐妹代币LUNA的自动交易维持1美元的挂钩，在短短几天内抹去了数百亿的市场价值。

这次崩溃引发了加密货币领域的连锁反应，导致几家对冲基金和交易所的崩溃，并促成了加密市场历史上最陡峭的下跌之一。

美国、韩国、新加坡及若干欧洲国家的监管机构展开调查，因为损失蔓延至跨境。

许多来自亚洲、欧洲和北美的散户投资者看着他们的毕生积蓄蒸发。

美国证券交易委员会后来指控Terraform Labs和Kwon策划了一项方案，误导投资者对TerraUSD的稳定性和公司的财务健康状况。

随着周二的认罪，长期的法律斗争出现了决定性的转折，但对于许多受害者来说，问题仍然是是否有可能恢复损失，或者Kwon的有罪承认是否仅仅是对加密货币最具破坏性的失败之一的认可。

## LUNA和LUNC将会发生什么？

虽然Terra生态系统已经分裂，但LUNC——现在被称为Terra Luna Classic——完全由社区控制运行

随着Terraform Labs因崩溃和破产而退出，链通过链上投票和志愿开发者继续生存。

燃烧活动逐渐减少其庞大的供应量，但在没有统一的战略或强大支持者的情况下，其未来走向仍然模糊。

LUNA，源于Terra在2022年分叉成Terra 2.0的代币，正面临自身的身份危机。它存在于一个正常运作的权益证明网络上，但曾经推动其增长的领导层已不复存在。

Terraform Labs的崩溃和Do Kwon的法律失败将其留给了分散的贡献者，每个人都有想法但没有统一的愿景，一个活跃在代码中的区块链，但在寻找目标。

这篇文章《突发：Do Kwon认罪于电信诈骗——LUNA和LUNC的下一步是什么？》首次出现在Invezz上。

Do Kwon, a once-celebrated crypto entrepreneur whose company Terraform Labs collapsed in a $40 billion market fallout, has finally pleaded guilty to wire fraud and conspiracy to defraud in the United States.
Per public information from the US District Court in the Southern District of New York, Kwo

![Do Kwon pleads guilty in the US to wire fraud and conspiracy over Terra’s $40B collapse, facing up to 25 years in prison.](https://img-cdn.gateio.im/social/moments-8a1ec336a6b2b924f563998585ca856c)Do Kwon, a once-celebrated crypto entrepreneur whose company Terraform Labs collapsed in a $40 billion market fallout, has finally pleaded guilty to wire fraud and conspiracy to defraud in the United States.

Per public information from the US District Court in the Southern District of New York, Kwon waived his right to trial on two of the nine criminal charges he faced and admitted guilt in Tuesday’s hearing 

Each count carries a statutory maximum sentence of 20 years, with prosecutors indicating that if served consecutively, the combined penalty could reach up to 25 years.

Kwon’s unshakable posture in court has finally bent under pressure 

For over a year after being flown in from Montenegro, Kwon stood firm on his not-guilty plea to every charge, from securities fraud to market manipulation and money laundering 

His lawyers geared up for a trial that prosecutors warned could stretch into early 2026, slowed by six terabytes of evidence and several encrypted devices still waiting to be cracked.

Now, court records show that Kwon entered the guilty plea after discussions with prosecutors in recent weeks. Since August, there have been reports that both sides were considering a deal.

While the agreement resolves only two counts in the US criminal case, it leaves other pending charges — including those in South Korea — untouched.

 The plea also does not affect the $4.5 billion civil penalty already imposed by the US Securities and Exchange Commission earlier this year.

## Is this end of the multi-year Terra case?

Sentencing has not yet been scheduled, but legal analysts expect the court to set a date in the coming months. Victims of the Terra collapse — potentially more than one million worldwide — will have the opportunity to submit statements under the Justice for All Act of 2004 

The Department of Justice in the United States has already launched a dedicated victim notification website to manage the unprecedented scale of the case.

Prosecutors are also likely to press for substantial restitution orders, though the complexity of tracing and recovering investor losses across multiple jurisdictions could delay those proceedings 

Meanwhile, South Korean authorities have said they still intend to pursue their own criminal case once US proceedings conclude. 

It is likely Kwon may be looking at more prison time abroad.

## Kwon bends under pressure

For months, Kwon framed himself as a bystander to the Terra downfall, not the one who set it in motion.

However, his legal defence lost ground when the prosecutor disclosed they were prepared to present testimony from former Terraform insiders and key financial records linking Kwon directly to deceptive practices that propped up TerraUSD before its crash.

The 2022 collapse of TerraUSD, an algorithmic stablecoin designed to maintain a $1 peg through automated trading with its sister token LUNA, wiped out tens of billions in market value in a matter of days.

The implosion set off a chain reaction in the cryptocurrency sector, which led to the implosion of several hedge funds and exchanges and contributing to one of the steepest downturns in crypto market history.

Regulators in the US, South Korea, Singapore, and several European countries opened investigations as losses spread across borders. 

Many retail investors in Asia, Europe, and North America saw their life savings vanish.

The SEC later accused Terraform Labs and Kwon of orchestrating a scheme that misled investors about the stability of TerraUSD and the company’s financial health.

With Tuesday’s plea, the long-running legal battle takes a decisive turn, but for many victims, the question remains whether any recovery of losses is possible, or whether Kwon’s guilty admission will serve only as an acknowledgment of one of crypto’s most devastating failures.

## What will happen to LUNA and LUNC?

While the Terra ecosystem has splintered, LUNC — now branded as Terra Luna Classic — runs entirely on community control 

With Terraform Labs out of the picture after its collapse and bankruptcy, the chain survives through on-chain votes and volunteer developers 

Burn campaigns chip away at its enormous supply, but without a unifying strategy or heavyweight backers, its future trajectory remains cloudy.

LUNA, the token born from Terra’s 2022 fork into Terra 2.0, has its own identity crisis. It exists on a functioning proof-of-stake network, yet the leadership that once drove its growth is gone 

Terraform Labs’ demise and Do Kwon’s legal downfall leave it in the hands of scattered contributors, each with ideas but no single vision, a blockchain alive in code, but searching for purpose.

The post BREAKING: Do Kwon pleads guilty of wire fraud — What’s next for LUNA and LUNC? appeared first on Invezz

BREAKING: Do Kwon pleads guilty of wire fraud — What’s next for LUNA and LUNC?

突发：Do Kwon 对电信欺诈认罪——LUNA 和 LUNC 接下来会怎样？

突破七年双底形态确认。
95% 的现货 ETF 批准概率影响情绪。
XRP Ledger 市值与总价值锁定（TVL）比率约为 2,200.
自11月以来，XRP上涨超过550%，周二突破3美元，引发了加密市场的讨论。

* 确认从七年双底形态突破。
* 95% 的现货ETF批准概率影响市场情绪。
* XRP Ledger 市场市值与总价值锁定比率约为 2,200。

自十一月以来，XRP 已上涨超过 550%，周二突破 3 美元，引发了加密市场对其下一个潜在里程碑的讨论。

技术分析师Gert van Lagen指出，长期图表模式显示该代币可能在2026年中期上涨至34美元。

这个预测是基于一个多年的双底结构的完成，这是一种通常会伴随大幅价格波动的看涨模式。

历史先例、近期法律发展以及强烈的ETF批准预期也正在影响投资者情绪，尽管链上指标指向可能抑制反弹的估值风险。

XRP 目前的交易价格为 $3.19，在过去 24 小时内下跌了 0.79%.


!【XRP价格】(http://img-cdn.gateio.im/social/moments-1a547943c0ad8157605eab0c235e95bc) 

资料来源：CoinMarketCap



## 技术突破点指向多年的反弹

根据范·拉根的说法，XRP在突破接近$1.80的颈线阻力后，已经突破了一个七年的双底形态。

突破后进行了对颈线的重新测试，该颈线作为支撑。

在技术分析中，这样的重新测试通常被解释为强劲突破的确认。

使用2.00的斐波那契扩展，此设置的测量移动投影指向2026年中期的目标为$34。

这个设置类似于XRP在2014年至2017年的价格走势，当时一个类似的长期底部导致了超过100,000%的抛物线反弹。

XRP的市场经历了多次大幅上涨，包括从2022年低点上涨了1,072%以及在2020-2021周期中飙升了1,625%。

## 推动XRP反弹的市场驱动因素

2020–21年的反弹与美国接近零利率的情况相吻合，而当前的收益则是由于Ripple诉讼的进展、法律清晰度的改善、交易所重新上市以及对现货XRP交易所交易基金的乐观预期所驱动的(ETF)。

在2025年，市场情绪受到预测的特别影响，预测表明现货ETF批准的概率为95%。

分析人士建议，如果获得批准，XRP 可能会攀升至 27 美元，使其接近 Van Lagen 的目标。

ETF叙事今年帮助维持了看涨势头，交易者考虑到机构资本可能的涌入。

在过去的周期中，当达到监管里程碑时，通常会出现重大资金流入，从而产生强劲的短期上涨。

## 链上指标显示高估风险

尽管强劲反弹，但链上数据突显出担忧。

XRP Ledger (XRPL)，支撑XRP的区块链，显示出比其他主要的第一层区块链（包括以太坊）低得多的活动水平。

DefiLlama 的数据显示，虽然 XRP 的市值为 1900 亿美元，但其锁定总值 (TVL) 仅为 8500 万美元——比例约为 2200。

相比之下，以太坊的比率约为5.6，尽管XRP的市场价值几乎是以太坊的40%。

另一个潜在的挑战是，根据Glassnode的数据，超过95%的XRP流通供应量目前处于盈利状态。

历史数据表明，在以前的反弹中，这样的盈利水平常常在重大价格修正之前出现，因为获利回吐加剧，卖压增加。

在2020–21和2022–25周期期间观察到了这一趋势，当时类似的条件导致了回调。

尽管技术模式和市场驱动因素目前支持XRP的看涨案例，但估值与链上活动之间的不平衡，加上高企的获利回吐潜力，表明维持向$30及更高水平的反弹可能面临强劲阻力。

自11月以来，XRP价格上涨超过550%，技术形态暗示可能朝着$34的反弹。此内容首次出现在CoinJournal上。

Breakout from a seven-year double-bottom pattern confirmed.
 95% probability of spot ETF approval influencing sentiment.
 XRP Ledger market cap-to-TVL ratio stands at about 2,200.
XRP has surged more than 550% since November, climbing above $3 on Tuesday, and sparking discussions in the crypto mar

* Breakout from a seven-year double-bottom pattern confirmed.
* 95% probability of spot ETF approval influencing sentiment.
* XRP Ledger market cap-to-TVL ratio stands at about 2,200.

XRP has surged more than 550% since November, climbing above $3 on Tuesday, and sparking discussions in the crypto market about its next potential milestone.

Technical analyst Gert van Lagen has pointed to a long-term chart pattern suggesting the token could rise to $34 by mid-2026.

This projection is based on the completion of a multi-year double-bottom structure, a bullish pattern often followed by substantial price moves.

Historical precedents, recent legal developments, and strong ETF approval expectations are also influencing investor sentiment, although on-chain metrics point to valuation risks that could temper the rally.

XRP is now trading at $3.19, down by 0.79% in the past 24 hours.


![XRP price ](https://img-cdn.gateio.im/social/moments-1a547943c0ad8157605eab0c235e95bc)  

Source: CoinMarketCap



## Technical breakout points to a multi-year rally

According to Van Lagen, XRP has broken out of a seven-year double-bottom pattern after pushing above the neckline resistance near $1.80.

The breakout was followed by a retest of the neckline, which acted as support.

In technical analysis, such a retest is often interpreted as confirmation of a strong breakout.

Using a 2.00 Fibonacci extension, the measured-move projection from this setup points to a target of $34 by mid-2026.

This setup resembles XRP’s 2014–2017 price action, when a similar long-term base led to a parabolic rally of over 100,000%.

XRP’s markets have seen multiple instances of large gains, including a 1,072% rise from the 2022 lows and a 1,625% surge during the 2020–2021 cycle.

## Market drivers boosting XRP’s rally

The 2020–21 rally coincided with near-zero interest rates in the US, while the current gains have been driven by developments in the Ripple lawsuit, improved legal clarity, exchange relistings, and optimism for a spot XRP exchange-traded fund (ETF).

In 2025, market sentiment has been particularly influenced by forecasts indicating a 95% probability of spot ETF approval.

Analysts suggest that if an approval comes through, XRP could climb toward $27, bringing it close to Van Lagen’s target.

The ETF narrative has helped maintain bullish momentum this year, with traders factoring in the potential influx of institutional capital.

In past cycles, major inflows often occurred when regulatory milestones were reached, creating strong short-term surges.

## Onchain metrics signal overvaluation risks

Despite the strong rally, onchain data highlights concerns.

XRP Ledger (XRPL), the blockchain underpinning XRP, shows much lower activity levels than other major layer 1 blockchains, including Ethereum.

Data from DefiLlama indicates that while XRP has a market capitalisation of $190 billion, its total value locked (TVL) stands at just $85 million — a ratio of about 2,200.

By comparison, Ethereum’s ratio is around 5.6, even though XRP’s market value is nearly 40% of Ethereum’s.

Another potential challenge is that over 95% of XRP’s circulating supply is currently in profit, according to Glassnode.

Historical data shows that in previous rallies, such a level of profitability often preceded significant price corrections, as profit-taking intensified and selling pressure mounted.

This trend was observed during the 2020–21 and 2022–25 cycles, when similar conditions led to pullbacks.

While technical patterns and market drivers are currently supporting XRP’s bullish case, the imbalance between valuation and onchain activity, coupled with elevated profit-taking potential, suggests that sustaining a rally toward $30 and beyond may face strong resistance.

The post XRP price up over 550% since November, technical setup suggests possible rally toward $34 appeared first on CoinJournal.

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突发：Do Kwon 对电信欺诈认罪——LUNA 和 LUNC 接下来会怎样？

自11月以来，XRP价格上涨超过550%，技术形态暗示可能上冲行情至34美元