XLM, HBAR, And ALGO Turn BTC’s New ATH Into Elevator Music 🎶

XLM, HBAR, And ALGO Turn BTC’s New ATH Into Elevator Music 🎶

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OVERVIEW

XLM, HBAR, And ALGO Turn BTC’s New ATH Into Elevator Music 🎶

Before we dive in, here’s today’s crypto market heatmap:

Source: Santiment

And here’s a look at crypto’s total market and altcoin market cap charts:

Source: TradingView

TECHNICAL ANALYSIS
BTC Hit New All Ti…. No One Cares 😐️ 

At this point, BTC hitting new all-time highs is kind of like celebrating a Yankees or a Patriot’s winning season (when Brady was still there). 🤷

The tickers that have been lighting up Stocktwits and the rest of crypto social are some of the old-timers in crypto: Stellar ($XLM.X ( ▼ 2.87% )), Algorand ($ALGO.X ( ▲ 7.58% )), and Hedera Hashgraph ($HBAR.X ( ▲ 0.26% )).

Hell, even Cardano’s Charles Hoskinson gave XLM and HBAR a shoutout yesterday:

Why are these old dudes making people happy? Check out their gains last week:

  • XLM +88%

  • ALGO +50%

  • HBAR +51%

Algorand just had its best performing week in eight months and it’s highest weekly close in four months:

ALGOUSD Weekly Chart – Click to enlarge.

Similarly, Hedera had it’s best performing week since December 2024:

HBARUSD Weekly Chart – Click to enlarge.

But oldest of the bunch (ALGO and Hedera were both founded in 2017), Stellar (founded 2014) ended last week up +88%:

XLMUSD Weekly Chart – Click to enlarge.

Oh, and fun fact: XLM hasn’t made a new all-time since…

January 4, 2018.

Let’s see if this was just a random liquidity grab or the start of something big. Keep your eyes open. 👀 

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TECHNICAL ANALYSIS
Pump.fun’s $PUMP ICO Nukes the Record Books and Faith Of Retail

Pump.fun needed just twelve screaming minutes to yank $500 million out of the market on Saturday (July 12, 2025). 😱 

Anyone still refreshing the buy page after that was basically spectating.

Quick-n-Dirty Numbers

  • Tokens sold: 125B $PUMP (12.5% of the 1T supply)

  • Price: $0.004 a pop → $500M haul

  • Speed: 12 minutes from “go” to “gone”

  • KYC wallets: 23,959

  • Actually got tokens: 10,145 (42% hit-rate)

  • Average ticket: $44,209

  • Whales: 202 wallets maxed the $1M cap

Sale in Seconds

Most buyers weren’t on the CEXes at all – nearly 90% of funds flowed straight through Pump.fun’s own contract while the six exchanges split the scraps.

That explains why the click-race felt rigged: 340 wallets sucked up 60% of the allocation before retail even blinked. When the smoke cleared, futures on Hyperliquid had already bid $PUMP up 40% above ICO price. 🤯 

Fallout and Faceplants

CEX infrastructure? Toast. Bybit blamed an “unexpected API delay,” froze funds, then promised refunds. Kraken’s engine choked even faster and now has to airdrop make-good tokens it must buy 60% above presale price.

Meanwhile, one unlucky soul used a wallet sweeper and burned 10M $PUMP ($75k) in a single keystroke, proving you can still fumble the bag even after winning the ICO lottery. 🏈 

NEWS
Wynn, Lose, Delete: The End 📕 

This might be the last time we get to write about one of the greatest cautionary tales in leveraged trading ever. Why? 🤔 

Well, he updated his X status on Saturday with just one word: broke.

But now, it appears he’s deleted his account:

Sprinting Up the Stakes

Wynn built a cult by turning pocket change into yacht money. He juiced 40x longs on Hyperliquid, stacked PEPE, TRUMP, BTC, even ARTCOIN, and bragged when his PnL flashed nine digits green. 

Then May happened.

Bitcoin dipped under $105 k and Hyperliquid nuked his $100 million long, vaporizing 949 BTC in one glorious keystroke.

He shrugged, called money “not real,” and doubled down with another $100 million punt. Market makers – or “the cabal,” in his words – allegedly hunted him.Wynn even started digital panhandling from his followers; he burned through them like kindling.

From a $7k bet on PEPE to $100,000,000, then down to just $10k, there’s at least a couple lessons to be had here:

  1. Quit while you’re ahead. Now, I have no idea when being ahead means quit, but it’s certainly – I don’t know – somewhere between $1,000,000 and $100,000,000?

  2. Leverage is a bitch.

Be careful out there. ⚠️ 

STOCKTWITS RETAIL RADAR
Retail Turns Cautious On Coinbase ($COIN) 🪙 

Last week, Bitcoin broke out to new all-time highs and markets, with retail’s reset providing a strong tailwind for the bulls. Coinbase also posted its highest weekly closing price ever as crypto-linked stocks soared. However, after a weekend of jubilation, Coinbase and other crypto-linked stocks faded throughout today’s trade. Let’s see what Stocktwits Sentiment may be suggesting about their next move. 👇️ 

With Coinbase in the news for trading above $100 billion market cap, Stocktwits Sentiment and Message Volume remain well off their highs. While not inherently bearish, it may suggest that retail is looking for opportunities elsewhere rather than jumping on the stock after its 180% three-month rally. 🚨 

Source: Stocktwits

From a technical perspective, last week’s closing price was the highest ever, putting prices firmly above resistance near 340-370. Looking ahead, bulls will use that as a point of reference on the downside to signal that this breakout is the real deal. Traders are still using this fresh breakout to get involved in a risk-defined way. However, some investors are looking for the stock to digest its gains before jumping back in. ⏸️ 

Source: TradingView

Other popular crypto-linked stocks like Robinhood, SoFi Technologies, and Marathon Digital also saw some volatility today, putting traders on watch for a potential reversal. While the long-term trends for these stocks remain bullish, caution flags are being raised by some in the community following record short-term runs. ⚠️ 

Add $COIN to your watchlist to monitor this development. More importantly, to source these sentiment insights yourself, subscribe to Stocktwits Edge to unlock all the historical sentiment data for equities and crypto. 🔓️ 

*This real-time Stocktwits Sentiment use-case example was curated by Stocktwits’ Editor-in-Chief, Tom Bruni, and is solely for informational and educational purposes. Tom does not hold any positions in Coinbase or any other stocks/crypto mentioned as of the time of publishing. For any questions or comments, please email tbruni[at]stocktwits[dot]com.

NEWS
Last Week’s Liquidations Left Bears Gutted, Bulls Dazed, and Everyone Checking Their Margin Settings 😱 

Last week’s liquidations resulted in some truly spectacular leveraged explosions:

  • Total carnage: $3.36B in positions blown to smithereens between July 7-13.

  • Shorts felt the axe hardest: $2.56B, or 76% of the damage.

  • Longs didn’t exactly walk away smiling: $801M vamoosed.

  • Single worst day: July 9 – more than $1.06 B gone in 24 hours, wiping out more $$$ than your spouse abruptly leaving you after finding out you have 300 OnlyFans subscriptions.

  • Outlier pain: Shorts on July 9 alone bled $964M, proving hubris costs real money.

July 7 – July 13 Total Liquidations Heatmap – Click to enlarge.

When nearly three-quarters of the wreckage tags shorts, sentiment had leaned too bearish. The mid-week squeeze ripped liquidity walls apart, cleared order books, and reset funding rates faster than Stocktwits users can type “rekt.”

Meanwhile, longs still absorbed almost a billion in friendly fire, reminding everyone that leverage cuts both ways.

Expect volatility to simmer. Fresh capital loves a clearance sale, and market makers just printed vacation money. If you’re eyeing the next breakout, keep margin modest, stops tight, and ego in check. The liquidation gods stay hungry. 🦃 

NEWS IN THREE SENTENCES
AI, Stablecoins, & Privacy News 🕵️

💵 Native USDC and CCTP V2 Turn Sei Into a Liquidity Hub

Expect Noble-issued tokens to fade as capital strolls to the native pool. Circle’s regulated stablecoin lands on Sei with full ERC-20 perks and one-click cross-chain transfers to thirteen networks. Developers ditch wrapped headaches and plug straight into institutional on-ramps. Sei.

🧠 One Week In, Hypergraph Apps Are Already Shipping

The missing layer for composable personal data just showed up. Dev preview users built AI mind maps, health vaults, and contract metadata tools that sync private data client-side. GRC-20 graphs let projects share schemas without surrendering user ownership. The Graph.

NEWS IN THREE SENTENCES
Metaverse, NFT, & Gaming News 🎮️

🚀 Kommunitas Taps SKALE for Gas-Free Crowdfunding

Zero-fee chains mean launchpad users stop paying tribute to gas and start funding projects instead. Kommunitas already pushed 235 launches and $34 million raised, now those swaps settle with near-instant finality. Founders get scale, investors skip the wallet math; everybody wins except gas trolls. SKALE Network.

🎨 Reminder: Your Art Owes the Market Absolutely Nothing

Stop contorting work for algorithms, collectors, or discord gossip and let the mistakes breathe. Careers take time, hat juggling is exhausting, and validation metrics aren’t rent money. Make weird stuff anyway; rules were made for galleries, not pixels. Tezos.

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Author Disclosure: The author of this newsletter holds positions in ADA, IMX, COPI, MIN, AGIX, ALGO, ZEC, XLM, and NEAR. 📋





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