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<title><![CDATA[XRP's Bleak Future: Why This Analyst Predicts a Drop to $1 by 2026]]></title>
<link>https://www.bitcointoday.app/article/xrps-bleak-future-why-this-analyst-predicts-a-drop-to-1-by-2026</link>
<guid>xrps-bleak-future-why-this-analyst-predicts-a-drop-to-1-by-2026</guid>
<pubDate>Fri, 17 Apr 2026 07:01:10 GMT</pubDate>
<description><
*Image source: Getty Images.*
## XRP is not gaining traction as a bridge currency
XRP serves as the native digital asset on the **XRP Ledger**, a blockchain designed for faster and cheaper cross-border transactions compared to the **SWIFT** messaging system. While SWIFT dominates international wire transfers, it often involves high fees and slow settlement times. In contrast, the XRP blockchain processes payments in seconds with negligible fees.
**Ripple**, a fintech company, leverages XRP as a bridge currency in its **Ripple Payments ODL** platform, converting fiat to XRP for transfers and back at the destination. Last year, Ripple CEO Brad Garlinghouse projected that XRP would capture 14% of SWIFT's market share by 2030, potentially handling $21 trillion in annual volume and boosting demand.
However, XRP transaction volume has remained stagnant over the past year, indicating limited adoption by businesses. The volatility of cryptocurrencies like XRP makes them less appealing compared to **stablecoins** such as **USDT** and **USDC**. Ripple's introduction of **Ripple USD (RLUSD)** has not significantly impacted XRP's usage, as RLUSD faces stiff competition from more established stablecoins.
## Spot XRP ETFs have not moved the needle
Spot XRP ETFs, which track XRP's price, were expected to be a major catalyst by providing an easy investment avenue. The SEC has approved six such ETFs, but they have failed to drive growth since their launch late last year. In fact, XRP has declined 42% in 2026 despite these funds.
Daily net inflows to spot XRP ETFs have trended downward, with assets under management at $1 billion—only about 1.2% of XRP's $81 billion market cap. In comparison, **Bitcoin** has seen a 23% decline year-to-date, with spot Bitcoin ETFs holding $95 billion in AUM, representing 6.4% of its $1.4 trillion market value. This disparity suggests weaker institutional interest in XRP compared to Bitcoin.
The overall picture is clear: XRP struggles as a bridge currency against stablecoin alternatives, and spot ETFs have not provided the anticipated boost. Without significant catalysts for price appreciation, I predict XRP will drop to $1 by the end of 2026.]]></description>
<author>contact@bitcointoday.app (BitcoinToday.app)</author>
<category>xrp</category>
<category>ripple</category>
<category>marketanalysis</category>
<category>bearish</category>
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<item>
<title><![CDATA[Trump's Crypto Scandal: How His Meme Coin Grants Exclusive Mar-a-Lago Access to Top Holders]]></title>
<link>https://www.bitcointoday.app/article/trumps-crypto-scandal-how-his-meme-coin-grants-exclusive-mar-a-lago-access-to-top-holders</link>
<guid>trumps-crypto-scandal-how-his-meme-coin-grants-exclusive-mar-a-lago-access-to-top-holders</guid>
<pubDate>Fri, 17 Apr 2026 14:01:09 GMT</pubDate>
<description><
*Mother Jones illustration; Julia Demaree Nikhinson/AP*
**Gas prices are sky high**, a war in Iran continues, airlines face jet fuel shortages, and the GOP approaches midterm elections. Yet, Donald Trump is making time for a special group: the **top 297 holders of his $TRUMP meme coin**, who are invited to an exclusive "conference" at Mar-a-Lago on April 25.
### Exclusive Access for Crypto Investors
This event includes a gala lunch with Trump, with the **top 29 holders** receiving an even more exclusive VIP reception with the president and other "superstar guests." This isn't the first time Trump has used his meme coin to grant access; last May, he hosted the top 220 $TRUMP holders at his Virginia golf course, with the top 25 investors getting a White House tour. At that time, the combined value of their holdings was about **$148 million**.
### How the $TRUMP Coin Works
When the coin launched in January 2025, **1 billion tokens** were created, with 800 million reserved for Trump and his partners and 200 million available to the public. Trump profits not only from selling coins or price increases but also from **transaction fees on every transfer**, regardless of who buys or sells.
### Plummeting Value and Investor Losses
Despite initial hype, the coin's value has **plummeted from around $45 to under $3**. It has no inherent value or utility—it can't be used to purchase goods or exchanged for other currencies. An analysis cited by Democratic senators Elizabeth Warren, Adam Schiff, and Richard Blumenthal found that **$TRUMP and the accompanying $MELANIA coin have erased an estimated $4.3 billion in retail wealth**, leaving roughly 2 million holders "underwater."
### Early Insiders Profit While Others Lose
While regular investors suffered losses, **45 early crypto wallets profited by about $1.2 billion**, selling at peak prices. The top holder, controversial crypto personality Justin Sun—who recently settled fraud charges with Trump's Justice Department—remains the largest $TRUMP holder despite a falling out with Trump's other crypto venture, World Liberty Financial.
### Event Details and Fine Print
The Mar-a-Lago event promises meetings with 18 "superstars," including former boxer Mike Tyson and crypto executives, plus swag like Trump fragrance, posters, trading cards, and a **$499 red Trump watch**. However, fine print notes **no guarantee Trump will attend**, and if canceled, attendees get a free Trump NFT. Attendees must pass a background check, be 18+, and not be in litigation with the U.S. government—ironic, as Trump himself is currently in such litigation.
Democratic senators have demanded more details from Fight Fight Fight LLC, the company managing the coin, highlighting concerns over the coin's role in granting political access and its financial impact on investors.]]></description>
<author>contact@bitcointoday.app (BitcoinToday.app)</author>
<category>trump</category>
<category>memecoin</category>
<category>cryptocurrency</category>
<category>scandal</category>
<category>politics</category>
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<title><![CDATA[Bitcoin's 46-Day Negative Funding Streak: Is This the Signal for the Next Major Market Bottom?]]></title>
<link>https://www.bitcointoday.app/article/bitcoins-46-day-negative-funding-streak-is-this-the-signal-for-the-next-major-market-bottom</link>
<guid>bitcoins-46-day-negative-funding-streak-is-this-the-signal-for-the-next-major-market-bottom</guid>
<pubDate>Wed, 15 Apr 2026 07:01:08 GMT</pubDate>
<description><]]></description>
<author>contact@bitcointoday.app (BitcoinToday.app)</author>
<category>bitcoin</category>
<category>fundingrates</category>
<category>marketanalysis</category>
<category>trading</category>
<category>cryptomarket</category>
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<title><![CDATA[Trump Family's Crypto Empire Under Fire: Justin Sun Accuses World Liberty of Deception and Account Freezes]]></title>
<link>https://www.bitcointoday.app/article/trump-familys-crypto-empire-under-fire-justin-sun-accuses-world-liberty-of-deception-and-account-freezes</link>
<guid>trump-familys-crypto-empire-under-fire-justin-sun-accuses-world-liberty-of-deception-and-account-freezes</guid>
<pubDate>Tue, 14 Apr 2026 14:01:08 GMT</pubDate>
<description><
*Eric Trump and Donald Trump Jr. at the Bitcoin 2025 conference in Las Vegas.*
Dozens of crypto platforms have emerged in recent years, each with their own tokens governed by company rules. Many offer assurances on security and fund handling, but most tokens have declined in value alongside the broader crypto market. World Liberty's primary token, WLFI, has lost 74% of its value since August, trading at around 8 cents as of Monday. However, its stablecoin, USD1, ranks among the top 10 most heavily used stablecoins, benefiting from partnerships and availability on major exchanges like Binance and Kraken.
Sun's criticism comes amid broader investor concerns about World Liberty's finances. In February, blockchain data reported by CoinDesk revealed that World Liberty borrowed $75 million from another crypto group, Dolomite, using 5% of the entire WLFI supply as collateral. This sparked fears on social media about the company's ability to repay if WLFI's value continues to drop. World Liberty responded on X, stating it is "nowhere near liquidation" and would add more collateral if needed, later announcing it had repaid $25 million.
Austin Campbell, a crypto consultant and instructor at New York University, commented that concerns about the loan arrangement are justified, noting, "If you took this conduct and translated it to traditional markets, you would have some problems."
A representative for the SEC did not respond to requests for comment. Last year, House Democrats dedicated a week to criticizing the Trump family's crypto activities, accusing Trump of "profiting off the Presidency," which the White House denied. World Liberty's governing document indicates that a Trump family-owned company is entitled to 75% of revenues from token sales after expenses. Trump's 2025 financial disclosure listed over $57 million in income from World Liberty, with the Trump Organization not commenting and the White House denying conflicts of interest.
Shortly before his inauguration in January 2025, Trump launched another crypto token called TRUMP through a separate entity. Its value has also plummeted, trading at around $2.81 compared to a peak of $45 at launch. A coin launched by Melania Trump around the same time followed a similar decline, though she has denied direct involvement in its management.]]></description>
<author>contact@bitcointoday.app (BitcoinToday.app)</author>
<category>justinsun</category>
<category>worldliberty</category>
<category>trump</category>
<category>cryptoscandal</category>
<category>investorconflict</category>
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<title><![CDATA[Elon Musk's X Money Under Fire: Senator Warren Grills Tech Titan Over Payment Platform Risks]]></title>
<link>https://www.bitcointoday.app/article/elon-musks-x-money-under-fire-senator-warren-grills-tech-titan-over-payment-platform-risks</link>
<guid>elon-musks-x-money-under-fire-senator-warren-grills-tech-titan-over-payment-platform-risks</guid>
<pubDate>Tue, 14 Apr 2026 20:01:09 GMT</pubDate>
<description><![CDATA[Elon Musk is facing intense scrutiny over his upcoming payments platform, **X Money**, with Senator Elizabeth Warren raising serious concerns about its potential risks to consumers, national security, and financial stability.
## Regulatory Concerns Mount
In a letter to Musk, Senator Warren (D-MA) questions whether X Money can safely handle transactions, citing Musk's "track record operating X" as a major red flag. The platform, set to launch in early public access in April, promises features like funding through Visa Direct, debit card connections for peer-to-peer transactions, and bank account transfers.
## History of Controversy
Warren points to X's troubled past, including:
- **Regulatory criticism over child sexual abuse material circulation**
- **AI chatbot Grok generating harmful content**
- **Allowing users subject to US sanctions to pay for Premium subscriptions**
"This track record raises serious questions about the privacy, scams and frauds, and illicit finance risks X Money may pose," Warren writes.
## Banking Partner Under Scrutiny
Screenshots from early access users reveal that X Money deposits are "held by Cross River Bank" - an institution that faced **FDIC enforcement actions in 2023 and 2018** for "unsafe and unsound practices." Warren calls this partnership particularly concerning given the bank's history of regulatory violations.
## Crypto Connections and Regulatory Gaps
The letter highlights how **DOGE's dismantling of the Consumer Financial Protection Bureau** created regulatory gaps that could benefit X Money. Warren notes that the crypto-friendly **GENIUS Act includes suspicious carveouts** allowing private companies like X to launch stablecoins - coinciding with X's hints about entering the crypto market.
## Demanding Answers
Warren has given Musk until April 21st to answer more than a dozen questions about X Money, including:
- Whether Cross River Bank will serve as its banking partner
- Plans to issue a stablecoin
- Controls to prevent scams, fraud, and illicit finance
- Whether the service will "surveil and monetize consumer transaction data"
_The Verge_ reached out to X for comment but received no immediate response.]]></description>
<author>contact@bitcointoday.app (BitcoinToday.app)</author>
<category>xmoney</category>
<category>elonmusk</category>
<category>regulation</category>
<category>payments</category>
<category>stablecoin</category>
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<title><![CDATA[Musician's Life Savings Stolen: How a Fake Crypto Wallet App on Apple's Store Led to a $424K Bitcoin Heist]]></title>
<link>https://www.bitcointoday.app/article/musicians-life-savings-stolen-how-a-fake-crypto-wallet-app-on-apples-store-led-to-a-424k-bitcoin-heist</link>
<guid>musicians-life-savings-stolen-how-a-fake-crypto-wallet-app-on-apples-store-led-to-a-424k-bitcoin-heist</guid>
<pubDate>Tue, 14 Apr 2026 07:01:09 GMT</pubDate>
<description><
## The Aftermath and Warnings
"I been in the crypto circus since 2017," said Love in a follow-up post. "Today they caught me off guard. It was my own damn fault for not being more diligent. But let it serve as a warning. There's so many scams."
According to ZachXBT, Apple has seemingly pulled the malicious app from the Mac App Store, but the tech giant has issued no public comment. This isn't the first time counterfeit crypto software has slipped through app store reviews—in 2023, a fake Ledger Live app on Microsoft's store stole nearly **$600,000 in bitcoin** from multiple victims.
## The Risks of Self-Custody
G. Love's case highlights the **personal responsibility** required for true bitcoin self-custody. Holders need a solid grasp of operational security and how transactions settle on the Bitcoin network. This combination has long been seen as a barrier to broader mainstream adoption.
Physical theft is another risk, with criminals using violence in **wrench attacks** to force transfers. Recent examples include an $11 million daylight robbery and a French tax agent accused of selling personal data on crypto users to organized crime groups.
Even sophisticated players aren't immune. North Korean agents allegedly spent six months infiltrating Drift Protocol through social engineering before executing a **$285 million hack**. In another incident, the FBI arrested a man accused of stealing $46 million worth of cryptocurrency from a U.S. government reserve.
## The Shift Toward Centralized Custody
Many investors have sidestepped these risks by choosing **bitcoin ETFs** or corporate proxies. Strategy, the bitcoin treasury company formerly known as MicroStrategy, announced the purchase of another $1 billion worth of bitcoin, adding 13,927 bitcoin and bringing its total holdings to 780,897 bitcoin—more than **3.5% of all bitcoin in circulation**.
Bitcoin increasingly looks positioned to serve as a **reserve asset** within a new financial architecture rather than a tool for routine individual transactions. Multiple U.S. states have moved forward with strategic bitcoin reserves, and Iran has started demanding bitcoin for toll payments on safe passage through the Strait of Hormuz, signaling its value as a neutral medium for cross-border trade.
<iframe src="https://x.com/zachxbt/status/2043236481754611837" width="100%" height="400"></iframe>]]></description>
<author>contact@bitcointoday.app (BitcoinToday.app)</author>
<category>bitcoin</category>
<category>scam</category>
<category>security</category>
<category>selfcustody</category>
<category>apple</category>
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<item>
<title><![CDATA[XRP's 9-Year Ascending Triangle: Is the Historic Breakout Imminent?]]></title>
<link>https://www.bitcointoday.app/article/xrps-9-year-ascending-triangle-is-the-historic-breakout-imminent</link>
<guid>xrps-9-year-ascending-triangle-is-the-historic-breakout-imminent</guid>
<pubDate>Mon, 13 Apr 2026 20:01:09 GMT</pubDate>
<description><![CDATA[**XRP** is trading inside a massive **9-year ascending triangle** on the monthly chart, with options volume surging **215.78%** to **$3.76 million**, signaling potential for a major price move.
### The 9-Year Ascending Triangle
Since 2017, the pattern has repeated: XRP hits the upper resistance, gets rejected, and retraces to find support at the rising trendline. After the recent August 2025 rejection, analysts like Ali Charts are watching for a retest of the macro support between **$0.75 and $0.80**. This zone is viewed as a key "buy the dip" opportunity before the triangle reaches its apex. Ali Charts noted on X: "When a 9-year consolidation finally breaks, the move is usually historic."
### The Paris Blockchain Week
XRP Ledger is set to take center stage at the **Paris Blockchain Week**. On April 15, Markus Infanger, SVP of RippleX at Ripple, will participate in a fireside chat focusing on blockchain's evolution from an asset class to core market infrastructure. The session will explore how organizations are leveraging blockchain to enhance financial processes, with Infanger highlighting real-life deployments of the XRP Ledger.
### The Options Explosion
Options volume has exploded by **215.78%** to **$3.76 million**, indicating that traders are positioning for a significant move. The Long/Short ratio on Binance stands at **2.59**, with top traders showing a **2.81x long bias**. Open Interest remains substantial at **$2.42 billion**, with XRP holding levels well above its pre-2025 baseline.
### XRP Price Prediction for April 13
XRP is showing minimal movement today, up just **0.1%**. In addition to the 9-year triangle, a large descending triangle has formed since the July 2025 peak, with price now at the apex—the convergence point of the upper descending trendline and horizontal support around **$1.30**. These compression points often resolve in sharp moves, and given the prolonged buildup, the move could be substantial. Immediate resistance is at the BB midline of **$1.3399**, with the upper band at **$1.3871** as the next target. The RSI at **43.20** is neutral-to-bearish but showing early signs of curling upward.
Image: Shutterstock]]></description>
<author>contact@bitcointoday.app (BitcoinToday.app)</author>
<category>xrp</category>
<category>cryptocurrency</category>
<category>trading</category>
<category>blockchain</category>
<category>technicalanalysis</category>
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<title><![CDATA[Justin Sun vs. Trump-Linked Crypto Project: Inside the $75M Loan Scandal and Blacklisting Controversy]]></title>
<link>https://www.bitcointoday.app/article/justin-sun-vs-trump-linked-crypto-project-inside-the-75m-loan-scandal-and-blacklisting-controversy</link>
<guid>justin-sun-vs-trump-linked-crypto-project-inside-the-75m-loan-scandal-and-blacklisting-controversy</guid>
<pubDate>Mon, 13 Apr 2026 14:01:25 GMT</pubDate>
<description><![CDATA[## Justin Sun Accuses Trump-Affiliated World Liberty Financial of Misconduct
Tron founder and prominent crypto investor **Justin Sun** has publicly accused **World Liberty Financial (WLFI)**, a project linked to former President Donald Trump, of serious misconduct and lack of transparency. This comes after Sun was previously at the center of pay-to-play allegations involving the Trump administration's SEC, fueled by his substantial investments in WLFI and the TRUMP memecoin.
### The Core Allegations: Backdoor Controls and Risky Borrowing
Sun has focused on two critical issues with the WLFI project:
1. **Backdoor blacklisting function**: The WLFI smart contract reportedly contains a function that allows the team to freeze any holder's tokens without notice or explanation.
2. **$75 million treasury loan**: The project's treasury recently borrowed approximately $75 million by pledging about **5 billion WLFI governance tokens** as collateral on its affiliated DeFi platform, Dolomite. This borrowing arrangement has drawn direct comparisons to how **Alameda Research borrowed against FTX's FTT token** before the exchange's collapse.
> "I have always been an ardent supporter of President Trump and his crypto friendly policy. As an early supporter who invested heavily in World Liberty Financial, I did so because I believed in the vision that was presented to the public: a decentralized finance platform that..."
> — H.E. Justin Sun 👨🚀 🌞 (@justinsuntron) April 12, 2026
### Sun Declares Himself the "Largest Victim"
Sun has called himself the **"first and single largest victim"** of World Liberty Financial. In September of last year, the project blacklisted roughly **545 million of his WLFI tokens** (worth about $9 million) after he transferred them amid heavy selling pressure. At the time, Sun posted publicly on X, insisting on his innocence and demanding the tokens be released.
In response, World Liberty Financial stated: "We do not seek to blacklist anyone. We respond when alerted to malicious or high-risk activity that could harm community members."
Sun wrote in his recent statement: "I denounce the ongoing token scandals by the bad actors at WLFI... Every action taken by the WLFI team to extract fees from users, to secretly implant backdoor controls over user assets, to freeze investor funds without disclosure or due process, and to treat the crypto community as a personal ATM — all of these actions are illegitimate and were never authorized by any fair, transparent, or good-faith community governance process."
### World Liberty Financial Fights Back
World Liberty Financial has mocked Sun and disputed his claims on X, posting: "Does anyone still believe @justinsuntron? Justin's favorite move is playing the victim while making baseless allegations to cover up his own misconduct. Same playbook, different target. WLFI isn't the first. We have the contracts. We have the evidence. We have the truth. See you in court pal."
> "Does anyone still believe @justinsuntron? Justin's favorite move is playing the victim while making baseless allegations to cover up his own misconduct. Same playbook, different target. WLFI isn't the first. We have the contracts. We have the evidence. We have the truth. See..."
> — WLFI (@worldlibertyfi) April 12, 2026
### Background: SEC Settlement and Political Connections
Notably, previous SEC charges against Sun and his companies were **settled last month**. The long-running case accused him of wash-trading TRX tokens and conducting unregistered securities offerings. Rainberry, one of Sun's entities, paid a **$10 million fine** with no admission of wrongdoing.
Democrats on the House Financial Services Committee previously highlighted the absence of a conviction in a letter to the SEC, tying it to perceptions of **pay-to-play** because Sun had invested at least **$75 million into Trump-linked projects**. Sun has taken a more defiant stance against WLFI since the case was resolved.
### Broader Context: Major Players and Political Ties
The controversy extends beyond Sun:
- **Binance** holds roughly **$2 billion in World Liberty Financial's USD1 stablecoin**, a position expected to generate tens of millions in annual revenue for the Trump-affiliated project. Trump pardoned former Binance CEO **Changpeng Zhao (CZ)** after his short prison stint for anti-money laundering failures.
- A firm tied to **UAE National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan** committed **$500 million to World Liberty Financial** days before Trump's inauguration, taking a 49% stake and sending $187 million to Trump family entities.
- By contrast, developers behind the **Samourai Wallet Bitcoin privacy app** remain in prison for comparable money laundering facilitation charges.
### Impact on Crypto Industry and Bitcoin
The wave of alleged grifting and potential conflicts of interest around the Trump administration's crypto dealings has possibly **dulled the pro-bitcoin tailwind** many in the industry anticipated. According to reports, Trump-linked ventures pulled in roughly **$1.4 billion in 2025**, much of it from memecoins, stablecoins, and tokenization plays rather than Bitcoin itself.
There remains an opportunity for regulatory clarity through the **CLARITY Act**, but policy groups like Coin Center and the Bitcoin Policy Institute have warned that **developer protections must not be removed** before the bill reaches a vote, as it could leave builders exposed to legal risk and potentially push activity offshore.]]></description>
<author>contact@bitcointoday.app (BitcoinToday.app)</author>
<category>justinsun</category>
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<category>trump</category>
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<title><![CDATA[Will These 2 Meme Coins Crash 50%? The Shocking Truth Behind Shiba Inu and Dogecoin's Future]]></title>
<link>https://www.bitcointoday.app/article/will-these-2-meme-coins-crash-50-the-shocking-truth-behind-shiba-inu-and-dogecoins-future</link>
<guid>will-these-2-meme-coins-crash-50-the-shocking-truth-behind-shiba-inu-and-dogecoins-future</guid>
<pubDate>Sat, 11 Apr 2026 20:01:08 GMT</pubDate>
<description><
## Shiba Inu's Relevance Continues to Fade
Shiba Inu was created in 2020 as an alternative to Dogecoin, built on the **Ethereum** platform to offer faster, lower-cost transactions. In 2021, it delivered an incredible return of **45,278,000%**, driven entirely by speculation. However, the token is now down **93%** from its 2021 peak.
For a cryptocurrency to deliver sustainable upside, it needs a consistent source of demand—either from consumers using it for payments or investors viewing it as a store of value. Unfortunately, Shiba Inu struggles in both areas. According to Cryptwerk, only **1,144 businesses worldwide** accept Shiba Inu as payment, making it impractical for widespread adoption due to extreme volatility.
In 2023, developers launched **Shibarium**, a Layer-2 blockchain solution to improve efficiency, but it hasn't moved the needle in adoption. Without sustainable demand, further downside is the path of least resistance, predicting a **50% loss** from current levels over the long term.
## Dogecoin Has a Glaring Supply Problem
Dogecoin was created in 2013 as a joke to lighten the mood in the cryptocurrency industry. It gained popularity when figures like **Tesla CEO Elon Musk** started discussing it, leading to a market capitalization of over **$90 billion** by 2021. However, like Shiba Inu, its rally was fueled by speculation, and it's now down **87%** from its 2021 peak.
A key issue for Dogecoin is its supply. New coins are constantly mined, with **5 billion coins** entering circulation each year. With **153.7 billion coins** currently in circulation, supply will roughly double over the next three decades. This means the value of each coin needs to **halve** to maintain a constant market cap, unless it finds sustainable demand.
Dogecoin's main use case remains tied to social media hype, and it has struggled to become a viable payment mechanism or store of value. Without real utility, it faces significant long-term pressure.]]></description>
<author>contact@bitcointoday.app (BitcoinToday.app)</author>
<category>shibainu</category>
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<category>memecoins</category>
<category>cryptocurrency</category>
<category>marketanalysis</category>
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<title><![CDATA[Bhutan's Bitcoin Exodus: 70% of Sovereign Holdings Sold as Mining Operation Goes Silent]]></title>
<link>https://www.bitcointoday.app/article/bhutans-bitcoin-exodus-70-of-sovereign-holdings-sold-as-mining-operation-goes-silent</link>
<guid>bhutans-bitcoin-exodus-70-of-sovereign-holdings-sold-as-mining-operation-goes-silent</guid>
<pubDate>Sat, 11 Apr 2026 14:01:10 GMT</pubDate>
<description><
### The Selling Accelerates in a Bullish Market
The selling has accelerated into a market where virtually every other major holder is doing the opposite. **Strategy bought 4,871 BTC** for $330 million last weekend, bringing its total to 766,970. U.S. spot ETFs absorbed approximately **50,000 BTC in March**. The Ethereum Foundation staked $93 million of ether in a single day rather than sell. Even gold-backed sovereign funds have been adding to positions during the Iran conflict.
Bhutan is the **only sovereign-level holder visibly liquidating**. But there is also a question about whether the mining operation itself is still running.
Arkham data shows Bhutan's last **bitcoin inflow exceeding $100,000** was recorded over a year ago. A government that once generated bitcoin from power harnessed from its own rivers may now simply be spending down what it accumulated, with no new supply coming in to replace what it sells.
Druk Holdings has not responded to several emails and calls from CoinDesk over the past week, the latest of which was sent in the Asian morning hours on Friday. It has not publicly commented on the transfers or the status of its mining operation.

### The Economics Behind the Shift
The economics may explain the shift, however. Bhutan's mining operation was viable when difficulty was lower, and bitcoin traded above **$90,000**. At current levels near $71,000, with network difficulty at **all-time highs** and the post-halving block reward reduced to **3.125 BTC**, the margins on small-scale sovereign mining have compressed significantly.
The same hydropower that made Bhutan's operation novel may now generate more **revenue from electricity sold to neighboring India** than from bitcoin mining, as mining hardware depreciates with every difficulty adjustment.
Choosing to sell rather than hold or mine is a data point about the gap between bitcoin's narrative appeal to nation-states and the operational reality of maintaining a position through a prolonged drawdown.
Bhutan's remaining 3,954 BTC is now smaller than what Strategy purchases in a typical week. The kingdom that once held 13,000 bitcoin mined from its own mountains is watching a single company in Virginia accumulate more in five days than Bhutan has left.]]></description>
<author>contact@bitcointoday.app (BitcoinToday.app)</author>
<category>bhutan</category>
<category>bitcoin</category>
<category>mining</category>
<category>sovereign</category>
<category>liquidation</category>
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