Solana's SOL has posted its first positive monthly close in nine months, a shift that markets are reading as a potential trend reversal for the high-performance blockchain. The token is up 38% from its cycle low of $60, lifting total market capitalization by roughly $14B during the rebound. The move follows months of steady accumulation as @Solana expands its position as a key settlement layer for consumer apps and high-velocity SocialFi activity.

A Dogecoin whale has moved 3,999,999,999 DOGE off Binance, drawing attention from traders and fueling speculation around $DOGE.

Tether Treasury executed a burn of 2,500,000,000 USDT on the Ethereum network today.

Ethereum is probing a pivotal technical zone, with analyst Ali Martinez flagging $1,796 as the level that could shape the next major leg. Martinez says ETH is pressing against the 0.8 MVRV Pricing Band around $1,796, a threshold that has served as resistance. A daily close above it, followed by a clean retest that holds as support, would bolster the bullish setup and put focus on Ethereum's Realized Price near $2,245. On the MVRV Pricing Bands, ETH is trading just under the 0.8 band. Historically, reclaiming this level has often come ahead of stronger recoveries, while the Realized Price has tended to act as the next key upside target. Beyond $2,245, the longer-term MVRV bands are marked at $5,389 (2.4 MVRV) and $7,186 (3.2 MVRV). Several indicators converge on the same resistance cluster. Martinez notes the TD Sequential resistance trendline is also near $1,796, with the TD Sequential risk line slightly higher at $1,816. If Ethereum can clear both, traders are likely to watch the channel resistance around $1,844. A break above all three levels would materially improve the odds of a push toward the $2,245 Realized Price. As price tests resistance, institutional accumulation continues. Tom Lee-led Bitmine Immersion Technologies said it bought an additional 42,197 ETH over the past week, taking its Ethereum holdings to 5,742,237 ETH as of July 5. At an ETH price around $1,800, the position is valued at more than $10 billion and equals roughly 4.8% of Ethereum's 120.7 million circulating supply. The company said it expects to reach what Lee called the "alchemy of 5%" sometime in 2026. After ETH slipped to roughly $1,740, Bitmine's unrealized losses rose again to about $910 billion, though the company continued buying despite the recent weakness. Bitmine also reported holdings of 206 BTC, about $527 million in cash and marketable securities, and $251 million in strategic investments, including stakes in Beast Industries and Eightco Holdings. Lee has argued that Ethereum could outperform Bitcoin, particularly if the CLARITY Act is approved in the U.S., and said he believes the market is entering the early phase of a new "crypto spring." Bitmine is also putting its ETH to work. The company said it has staked 4,879,157 ETH—about 85% of its treasury—through its institutional validator platform MAVAN and partner validators. At current deployment levels, Bitmine estimates annualized staking revenue of about $235 million. If the full treasury is deployed, annual staking income could increase to around $277 million. Disclaimer: This content is for informational and educational purposes only and does not constitute financial advice. The publisher is not responsible for losses resulting from the use of any referenced content, products, or services. Readers should exercise caution before taking any action related to the company.

The XRP Ledger is picking up momentum across several growth vectors, with tokenized real-world assets (RWAs) on the network now exceeding $4 billion—about four times the size of the current XRP ETF market, estimated at $900 million—according to Evernorth, a publicly listed XRP treasury firm. Evernorth says the milestone underscores accelerating real-world financial adoption and points to three key drivers: growth in tokenized assets, rising institutional capital, and strengthening network activity. Tokenized RWAs are cited as the primary catalyst. Evernorth estimates more than 500 tokenized financial products—worth roughly $4 billion—are now live on the XRP Ledger, spanning bonds, treasury products, funds, and other on-chain representations of traditional assets. Institutional use cases are also becoming more visible. Earlier this year, a tokenized U.S. Treasury redemption involving JPMorgan, Ondo Finance, and Mastercard reportedly settled on the XRP Ledger in four seconds, highlighting near-instant settlement capabilities for institutional-grade transactions. On the investment side, Evernorth reports spot XRP ETFs have logged eight straight weeks of net inflows, signaling sustained demand despite broader market volatility. In the final full week of June, XRP ETFs drew about $23 million in new capital, lifting cumulative inflows to approximately $1.47 billion. Network participation is also trending higher. New XRP wallet creation jumped around 40% in the last full week of June, marking the strongest weekly pace since March. Evernorth notes that faster wallet growth often aligns with broader user adoption, deeper ecosystem participation, and increased developer engagement. Taken together, Evernorth views the combination of expanding tokenized assets, steady institutional ETF allocations, and rising on-chain activity as an early signal of strengthening network effects—potentially positioning the XRP Ledger as a leading platform for the next phase of tokenized finance.

BonkDAO reported that roughly $20 million worth of BONK tokens was siphoned from its treasury after an attacker pushed through a malicious governance proposal on Solana. In a post on X, the DAO said the unauthorized proposal allowed an unknown party to transfer funds out of the project's treasury. BonkDAO's preliminary review flagged exchange wallets that accumulated BONK ahead of the proposal, pointing to potential pre-planning. The organization has not yet shared technical details on how the proposal was approved or how treasury safeguards were circumvented. BonkDAO said it has notified law enforcement and is working to recover the assets while its investigation continues. The DAO added that it will publish further updates as more information becomes available. The disclosure weighed on sentiment. BONK fell about 8.5% over the 24 hours following the announcement, trading around $0.0000044. The incident lands amid a broader uptick in governance and smart contract attacks across DeFi and memecoin ecosystems. Exploits that manipulate governance processes—including frontrunning proposals—have increasingly been used to facilitate large token drains. BONK, launched in December 2022, is among Solana's best-known memecoins. Early momentum was driven by an airdrop that distributed half of the token's supply, helping it join the memecoin leaders alongside Dogecoin, Shiba Inu and Pepe. The memecoin sector has also been under pressure. CoinMarketCap data showed the combined market cap of major memecoins (DOGE, SHIB, PEPE and others) slipped to about $22 billion before rebounding above $26 billion in July. At publication, the category stood near $25.3 billion, down more than 54% over the past 12 months. The BonkDAO breach follows a series of recent incidents. In May, memecoin launch platform DxSale said it lost about $7.3 million in a cyberattack that affected liquidity providers on BNB Chain. Investigators tracked the attacker's wallet, though analysts cautioned that laundering infrastructure can hinder recovery. Separately, security firm Blockaid said it detected an active exploit targeting Summer.fi, a DeFi yield aggregation and vault management platform, with roughly $6 million drained at the time of its alert. Blockaid has also issued early warnings related to attacks impacting ShapeShift's FOX Colony on Arbitrum, underscoring how monitoring firms can surface live exploits ahead of full forensic reports. BonkDAO's disclosure highlights persistent weaknesses in decentralized governance and treasury management. As attackers increasingly weaponize governance mechanics and smart contract gaps, DAOs and DeFi projects face mounting pressure to strengthen proposal controls, multisig configurations, timelocks and real-time monitoring to better protect shared funds.

BonkDAO's treasury lost about $20 million on Tuesday after a single governance proposal was used to siphon funds, underscoring how thin the security buffer can be in token-weighted voting systems on Solana. According to details cited in the original report, the attacker accumulated roughly $4 million worth of BONK to assemble a decisive voting position, then advanced a routine-looking proposal that authorized a treasury transfer. Once voting closed, about $20 million in BONK was sent to addresses controlled by the attacker. The timing is uncomfortable for the project. BONK remains one of Solana's largest memecoins by market capitalization, and BonkDAO's treasury is intended to finance ecosystem grants, liquidity incentives, and marketing campaigns. The incident challenges the assumption that large token holders will consistently act as a backstop for community funds. No smart-contract bug was required. The method was straightforward: acquire enough governance tokens to control the outcome. BonkDAO said it has identified exchange accounts used to build the voting block and is working with exchanges, bridges, and the Solana Foundation to freeze or trace the assets. Response time is critical, as compliance teams often have only a brief window to flag withdrawals before funds move through mixers or cross-chain routes. The episode renews scrutiny of pure token-voting governance, a model critics have questioned for years. Memecoin DAOs, in particular, have been slow to adopt protections such as timelocks, quorum rules tied to active participation, or multi-stage proposal review. Researchers have repeatedly warned that where governance power is inexpensive and ownership is not concentrated among aligned stakeholders, a well-capitalized buyer can push through nearly any measure. While the BonkDAO treasury is large, liquidity conditions reportedly made a $4 million BONK accumulation difficult to detect until after the vote concluded. Attention now turns to recovery and governance changes. Any clawback depends on whether attacker-linked balances remain on centralized platforms that can freeze funds; once tokens are moved off-platform or sold, recovery odds drop sharply. The Solana Foundation's involvement may improve the chances of freezing on-chain assets, though a determined actor is likely to have planned for that risk. BonkDAO's next steps on governance remain unclear. The community is expected to push for higher proposal thresholds and mandatory delay periods, but implementing reforms requires another governance vote, the same mechanism that was just exploited. A short-term option discussed in similar incidents is a multisig backstop controlled by a small set of trusted contributors, which trades decentralization for speed while longer-term fixes are debated. For Solana's broader memecoin ecosystem, the breach is a reminder that a large treasury is not a substitute for strong controls. Other DAOs holding eight-figure token reserves may face fresh pressure to explain why their governance designs cannot be manipulated for a fraction of their treasury value.

According to ME News, on July 7 (UTC+8) the United Nations Development Programme (UNDP) signed a new agreement with the Stellar Development Foundation to move their cooperation on blockchain-based digital payments into a new phase. The partnership will shift from a track record of successful pilot projects to building a permanent capability that UNDP country offices can adopt as a standard implementation tool. The agreement is coordinated by UNDP's Alternative Finance Lab (AltFinLab) at the Regional Hub in Istanbul. The focus will move away from testing technology in limited settings toward establishing the institutional foundations needed for large-scale deployment. Under the arrangement, the Stellar Development Foundation will provide technical advisory support and coordination, including expertise on the network and its protocols, and will work with solution providers participating in UNDP projects. UNDP will remain responsible for delivery and implementation. (Source: Foresight News)

Large caps are doing the heavy lifting. Ethereum is up 11.7% over the past week, Solana has gained 10%, and Bitcoin is ahead 6.4%. Meme coins have not kept pace: Dogecoin is up just 4.17%. That split captures the current tape—risk appetite has returned at the top of the market, but it has not fully flowed down into memes. Depending on your read, that's either a caution sign or an opening. Set expectations first: there is no single "best" meme coin. These tokens differ widely in liquidity, holder behavior, and risk. The rankings below reflect what the numbers show as of July 7, 2026—not what social media is amplifying. Each name comes with a bull case and a risk case. The one number to remember MemeCore's 7-day gain sits at 90.62%. On the same screen, its 24-hour move is -10.04%. A token that can climb 90% in a week and drop double digits in a day is the meme market in miniature: upside can be real, reversals can be faster, and vertical candles tend to transfer money from late buyers to early entrants. Keep that in mind. 1) Dogecoin (DOGE): liquidity leader, late to the move Price: $0.07537. Market cap: $11.68 billion. 24h volume: $812.2 million. Chart: CoinGecko. Bull case: DOGE is the only meme coin with depth that resembles a mid-cap equity. With $812 million in daily volume, size can rotate in and out without excessive impact, which is why meme cycles historically pass through DOGE. It's also lagging: up 4.17% on the week while majors posted double-digit gains. In past cycles, majors often run first and meme majors follow. Risk: DOGE was down on the day (-1.53%) even as most of the top 10 traded green, a sign demand may be thin. It also has no hard supply cap, which means it needs ongoing incremental demand simply to maintain levels. 2) Shiba Inu (SHIB): big community, thin attention Price: $0.00004360. Market cap: $2.56 billion. 24h volume: $73.9 million. Chart: CoinGecko. Bull case: SHIB retains one of the largest meme holder bases and has sustained a roughly $2.5 billion valuation through multiple drawdowns since 2021. It's up 2.92% on the week without a clear catalyst, suggesting holders are not rushing for exits. Historically, SHIB can stay compressed for extended periods, then reprice quickly. Risk: turnover is low. $73.9 million in daily volume against a $2.56 billion cap is under 3%, the weakest liquidity-to-size ratio among the larger names here. Low turnover often means the market isn't focused on the asset—and neglect can last longer than a thesis. 3) Pepe (PEPE): where the rotation is showing up Price: $0.000002709. Market cap: $1.12 billion. 24h volume: $207.28 million. Chart: CoinGecko. Bull case: PEPE is the strongest large-cap meme of the week, up 15.67%, and the volume confirms it. With $207 million trading daily on a $1.12 billion market cap, roughly 18.5% of the cap changes hands each day—nearly seven times SHIB's ratio. This is what a real rotation looks like. Risk: leaders often correct first. A 15% weekly move in a meme coin can be followed by a sharp giveback. PEPE also lacks an ecosystem narrative; it is primarily an attention trade, and attention is one of crypto's most unstable drivers. 4) Bonk (BONK): Solana's flagship meme, volatility still high Price: $0.00004402. Market cap: $387.36 million. 24h volume: $130.32 million. Chart: CoinGecko. Bull case: BONK remains the marquee meme within the Solana ecosystem, and SOL is up 10% on the week. When SOL rallies, capital has often rotated into Solana-native memes with a lag. BONK's turnover is substantial, with about a third of its market cap trading daily. Risk: BONK fell 7.66% over the last 24 hours despite a broadly green market, one of the worst daily prints in this group. That suggests meaningful selling pressure. Until that flow fades, price action can remain unstable. 5) SPX6900 (SPX): steady climb, very light liquidity Price: $0.3840. Market cap: $357.57 million. 24h volume: $8.13 million. Chart: CoinGecko. Bull case: SPX is up 9.46% on the week while trading only $8.13 million per day, often a sign of a tight holder base with limited sell pressure. When volume finally shows up, assets with this setup can re-rate quickly. Risk: illiquidity cuts both ways. $8 million in daily turnover on a $357 million cap implies a narrow exit. If sentiment flips, slippage can be far worse than the chart suggests. 6) Floki (FLOKI): consistent presence, competing for mindshare Price: $0.00002340. Market cap: $223.89 million. 24h volume: $19.15 million. Chart: CoinGecko. Bull case: FLOKI posted a measured 4.81% weekly gain and continues to benefit from one of the sector's most persistent marketing operations. Durability across cycles is uncommon in meme coins. Risk: at $223 million, it competes for attention against much larger tokens, and this week attention concentrated elsewhere. Honorable mentions$—and one warning Pudgy Penguins (PENGU): $418 million market cap, up 7.48% on the week. The NFT-brand crossover has quietly outperformed DOGE. OFFICIAL TRUMP (TRUMP): $396 million market cap, -0.02% on the week. The token remains headline-driven; treat exposure as event risk rather than an investment thesis. MemeCore (M): up 90.62% over seven days, down 10.04% in 24 hours. It's the clearest reminder of what this market is: pure speculation. Chasing vertical charts is a common way meme-coin losses get made. That's not a forecast$—it's basic math. Levels to watch DOGE: $0.070 needs to hold as support; above $0.080, the catch-up trade starts to look credible. SHIB: a weekly close above $0.00004800 would be an early signal that the long compression is breaking. PEPE: holding $0.0000025 keeps the leadership narrative intact. BONK: the selloff needs to stabilize above $0.000040 or the Solana spillover thesis may be delayed. Bottom line This week's data shows meme coins lagging the majors, with PEPE the notable exception backed by strong turnover. DOGE offers the clearest catch-up potential if rotation arrives, while SHIB is the cheapest "attention" on the list by volume-to-cap ratio. None of this is certain. Meme coins are reflexive assets: they rise because they rise, and they fall the same way. Size positions accordingly. This article is for information only and is not investment advice. Crypto assets are extremely volatile and you can lose your entire stake. Always do your own research.