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Tesla Inc. still owns about 11,900 BTC. At today’s rate of $108,929.10 per coin, that stash is worth roughly $1.257 billion. According to on-chain data shared by Arkham Intelligence on X, the electric car maker hasn’t budged from its HODL stance since its first big buy in Q1 2021.

Tesla’s Bitcoin Holdings Confirmed

Based on reports, Tesla keeps its coins with Coinbase Prime Custody. The move underlines the firm’s comfort with holding large amounts of Bitcoin.

A drop of 1% in the last 24 hours hasn’t prompted any sell-off. Back in 2021, Tesla spent $1.5 billion to buy Bitcoin. It later sold slices worth about $1.2 billion, but never fully cashed out.

Tesla now holds over $1.25 Billion of BTC.

Elon Musk is bullish on Bitcoin. pic.twitter.com/rNbzOP1QPJ

— Arkham (@arkham) May 23, 2025

Corporate Buyers Step In

More firms are piling into Bitcoin, and they’re buying at scale. Strategy Inc., led by Michael Saylor, holds 576,230 BTC after adding 7,390 coins for $765 million.

That move sent its stock over $400. A tech outfit trading under ticker 3350.T has 7,800 BTC on its books. It plans to reach 10,000 BTC and saw its stock jump 15% after a latest purchase of 1,004 coins.

States Seek Bitcoin Reserves

US President Donald Trump’s return to office this year has sparked fresh interest in public Bitcoin holdings. New Hampshire passed a bill on May 6 that lets certain state funds put up to 5% into Bitcoin and other big crypto assets.

In Texas, the House approved Senate Bill 21 on May 22 by a 101–42 vote, setting up a Texas Strategic Bitcoin Reserve. Governors in both states are weighing when to sign. Arizona also cleared a fund for unclaimed property to go into crypto back on May 7.

Credit: David Paul Morris / Bloomberg / Contributor / Getty Images

A Close Look At The Numbers

Tesla’s 11,900 BTC sits well below its original 43,200-coin haul from 2021. Strategy Inc.’s 576,230 coins are worth over $62 billion at current prices.

The 3350.T outfit’s 7,800 BTC equals about $850 million. State plans vary, but New Hampshire’s cap could see millions shift into Bitcoin this year. Texas’s bill doesn’t set a dollar limit, but any move would mark a first for a major state.

Outlook For Bitcoin Adoption

Investors and public bodies have watched Bitcoin’s price swings for clues before putting money to work. Tesla’s steady hold shows faith hasn’t waned. Corporate purchases keep headlines busy, while state plans hint at a new chapter in US finance.

Market watchers will be looking for signatures on those bills and any fresh moves from other states. For now, the story is clear: big players still see Bitcoin as worth owning.

Featured image from Unsplash, chart from TradingView

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During this period, the DEX buy/sell ratio experienced significant volatility. It spiked to 17.5 on May 4, showing a temporary wave of aggressive buying, but quickly consolidated back below 1.5 by May 12. Despite the sharp surge in order flow, XRP’s price remained relatively controlled, increasing gradually rather than reacting with a sharp breakout that ended in an equally rapid consolidation.

Rising liquidity provided a cushion that absorbed speculative pressures without triggering large swings. As the buy/sell ratio softened, XRP continued its rise, showing that short-term speculation wasn’t driving the move higher.

Since the beginning of the week, XRP’s DEX buy/sell ratio has hovered between 1.4 and 1.5, indicating a more balanced structure. Liquidity remained above $19 billion, supporting price resilience even as short-term buying cooled.

This behavior shows that XRP’s rise above $2.5 on DEXs was supported by broader improvements in liquidity, even if it was initiated by a fleeting speculative burst. Robust liquidity like this reduces the risk of sudden reversals and can lead to a more sustainable rally in the short term.

The post XRP maintains steady price increase despite early May buy spike appeared first on CryptoSlate.

Crypto analyst Trend Diva has provided an in-depth analysis of the current Ethereum price action. She revealed that ETH is still moving inside an ascending triangle but warned that it could suffer further downside pressure if it fails to stay above a crucial support level. 

Ethereum Price Still Inside An Ascending Triangle Despite Recent Crash

In a TradingView post, Trend Diva revealed that the Ethereum price is moving inside a clear ascending triangle. The upper boundary acts as long-term resistance, and the lower boundary provides dynamic support. This analysis comes amid ETH’s recent decline below $2,000. 

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The analyst noted that after a steady climb, the Ethereum price started showing weakness, confirmed by a head and shoulders pattern, which she claimed is a common sign that the trend might reverse. This weakness led to a strong drop for ETH, bringing its price down to the key support zone around $2,000. 

Trend Diva stated that this support area is important for the Ethereum price because it meets with a major trendline, making it a likely spot where buyers could step in. She added that the volume profile also shows a lot of activity in this zone, meaning traders have been interested in these levels before.

 The analyst further remarked that if the Ethereum price holds above this $2,000 support, it could bounce towards the $2,800 level, which represents a previous resistance. However, she revealed that a breakdown below the trendline shifts the bias bearish towards $1,414. 

For now, as long as ETH stays above $2,000, a rebound to $2,800 is still on the horizon. 

It is worth mentioning that the Ethereum price briefly lost the $2,000 support level following a crypto market crash on Sunday. As such, there is also the possibility that it could drop to as low as $1,414 as Trend Diva warned. 

A Drop To As Low As $1,250 Is Also On The Cards

In an X post, crypto analyst Ali Martinez said the Ethereum price seems to be breaking out of a parallel channel. He added that ETH could drop to as low as $1,250 if momentum sustains. ETH whales look to be doing everything possible to defend the $2,000 support zone and prevent Ethereum from dropping to these new lows. 

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Martinez revealed that the largest whales on the network have bought 330,000 ETH in the last 48 hours. This massive whale accumulation could help prevent further downside pressure and possibly spark a bullish reversal for the Ethereum price. 

At the time of writing, the Ethereum price is trading at around $2,065, down over 5% in the last 24 hours, according to data from CoinMarketCap.

Featured image from iStock, chart from Tradingview.com

SUI gained by over 115% within one week following the launch of USDC on the layer-1 blockchain. The integration of USDC has resulted in the growth of its network activity and user-base. Data on Coingecko shows that the SUI price rose from a low of $0.742 on 2 September to $2, its six-month high so far. Nevertheless, the asset has had a correction as it is currently trading at $1.72 SUI/USDT on Gate.io. Although its value dropped by 0.1% within the last 24 hours, it has gained by 17.2% within the last 14 days. The following graph shows SUI’s 7-day price movement.

SUI Weekly Price Chart – Coingecko

As the graph shows, the asset is within a range bound market. At the end of the graph there is a bearish harami pattern which indicates that SUI has strong bearish pressure. At the moment, the cryptocurrency price is 20.9% lower than its all-time high of $2.17, attained on 27 March this year. In contrast the total crypto market capitalization increased by only 4.4% to $2.15 trillion. On the other hand, bitcoin gained by 7.3% during the same period. Generally, SUI’s astronomical price rise made it the 30^th largest gainer during the period.

SUI Meme Coins Gains Momentum

One contributing factor to the recent SUI price surge was the meme coin crazy on the blockchain. In fact, the meme coins had significant gains during last week. Within the 24-hour period that stretched between 3 and 4 October the total market cap of meme coins on Sui increased by 15% to $256.3 million. Aaa cat (AAA) was one of the greatest gainers during the week as its value increased by 430%. During the same period the value of Suiba Inu (SUIB) rose by 108%. Notably, Sudeng (HIPPO), the biggest meme coin on the SUI network, gained by 35%. As a result, its market capitalization surged to $126.4 million. In fact, HIPPO accounts for more than half of the market capitalization of all meme coins on the blockchain.

Generally, the SUI’s strong price action and the robust performance of related meme coins was a result of the market wide positive sentiment. For example, there was similar interest in meme coins on other blockchains that include Solana, Base and The Open Network (TON). Currently, the trending meme coins include Simon’s Cat, Dogs and Popcat. However, most leading meme coins are in red at the time of writing.

Meme Coin Market Performance – Coingecko

As you note in the table, among the top 8 meme coins only Popcat and Dogecoin gained within the last 24 hours.

Sui network activity Surges

One of the factors that has contributed to SUI’s recent strong price action was a surge in its network activity. That shows that there is growing interest in the layer-1 blockchain. In fact, there has been growth in the network development activity and user-engagement. The growth in transaction volume and decentralized applications (DApps) mirror the interest in the network and its products. The next graph shows the change in trading volume on the network.

Transaction volume on Sui- DefiLlama

As observed on the graph, there has been a rise in SUI trading volume since the start of October. In addition, the derivatives volume has been increasing during that period.

SUI Derivatives Volume – Defilama 

As seen in the graph, the SUI derivatives volume has been rising since the end of August. For example, the SUI trading volume rose from $26.1 million on 3 October to $198.7 million on 4 October, representing an increase of 661%.

In another significant development SUI’s total value locked (TVL) increased remarkably within the past 30 days. The following chart shows that over $1 billion worth of assets were locked on the network.

TVL on Sui network – DefiLlama

The increase in its TVL indicates that user-engagement and network interaction have improved over the last few days. Usually, such developments result in a surge in the coin’s demand.

In a related note, SUI’s social dominance has been on the rise as well during the past few weeks. For instance, its social dominance increased by 1.53% during the 24-hour period that stretched between 2 and 3 October. The rise in social dominance means that the discussions about SUI are high. However, at times that trend shows euphoria about the asset which may lead to Fear Of Missing Out (FOMO). Thus, extreme FOMO may indicate a short-term market top. The next graph shows the changes that occurred in SUI social dominance in the past days.

Sui Social Dominance – Santiment

Basically, SUI social dominance has been at the highest point during the current year. However, it is worth noting that extreme FOMO may lead to a price correction.

SUI Price Prediction

At present SUI’s Relative Strength Index (RSI) is showing an overbought market state, indicating that its price may fall in the near future. Based on the current SUI market scenario its price may drop towards $1.68 before continuing with the uptrend. Still, higher distribution may further push its price towards $1.42. On the other hand, a rise in buying activity may force its price to target $1.85, its very recent high. From there, it may increase towards $2.