Dgenz Crypto Weekly 044

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Table of Contents

Market Pulse

If You Missed MSTR for BTC, Here’s Your SOL Replay

Solana just pulled a power move and barely anyone’s talking about it. In the past 24 hours, four massive treasury plays tied to $SOL were announced, adding up to nearly $3 billion in fresh capital aimed at hoarding Solana like it’s the last slice of pizza at a frat party. We’re talking about Sharps Technology raising $400M backed by the Solana Foundation themselves throwing in $50M, while Galaxy Digital, Multicoin, and Jump are plotting to acquire a public company just to spin up a $1B Solana treasury. Pantera is also gunning for $1.25B to convert a public company into a full-blown Solana investment vehicle, and DFDV is wrapping up a $125M equity raise to top off their $SOL stack. This is Solana’s institutional breakout moment, the equivalent of Bitcoin’s MicroStrategy phase and Ethereum’s ETF era, but faster, leaner, and more aggressive. If these raises go through, we’re looking at almost $3B in buy pressure hitting Solana’s limited supply in the coming weeks. And when you normalize for market cap, that’s like $17B pouring into $ETH. This isn’t just bullish, it’s borderline historic. The money’s real, the partners are legit, and the signal is loud: Wall Street’s starting to ape into Solana. Get ready for the fireworks.

Protect The Builders Or Watch Us Bounce

Crypto just dropped a massive “don’t mess with us” letter to Congress. A coalition of 114 crypto companies and lobbying groups including Coinbase, a16z, Kraken, Grayscale, Solana Labs, and Uniswap Labs signed a joint letter warning the Senate Banking Committee that they won’t back any crypto market structure bill unless it explicitly protects software developers and non-custodial service providers. The letter, coordinated by the DeFi Education Fund and co-signed by tech lobbyists like the Chamber of Progress (funded by Apple, Amazon, and Google), comes amid rumors that Senate Democrats might try to sneak in language that criminalizes devs who write code used in money laundering. The crypto industry’s stance? That’s like arresting highway engineers when someone speeds. They want public blockchains treated like internet infrastructure, not criminal enterprises. The letter praised the House’s recent CLARITY Act, but said it doesn’t go far enough. Specifically, the Senate bill needs to make sure devs aren’t treated as money transmitters under U.S. code 1960, and that this exemption overrides conflicting state laws. This comes just weeks after the DOJ convicted Tornado Cash dev Roman Storm under that same law, only to later backtrack and say decentralized devs shouldn’t be prosecuted. Now the industry wants that in writing. The message is clear: protect the builders, or watch innovation leave the country.

Another Day, Another Drainpipe

WLFI, the governance token for Trump-linked World Liberty Financial, is going public. What started as a gated DeFi play for accredited investors is now opening its doors to the crypto masses. The token hits exchanges on Memorial Day, exact venues still a mystery, but insiders are already circling. The catch? Only a fraction of WLFI’s 100B supply will be tradable. Over 20% is locked in Trump family wallets, and with a reported $57M already pocketed from token sales, the conflict of interest is blaring on Capitol Hill, meanwhile we are waving red flags. WLFI could follow the same rug-pattern as the TRUMP meme coin, sky-high FDV, insider-heavy allocations, and retail left holding the bag. Just a reminder that TRUMP hit a $44B FDV before crashing 89% from its peak. WLFI's trading debut is expected to mimic that same meme fueled mania, but with extra hoops. Early buyers need to go through a four-step unlock flow, and token release schedules are murky at best. On-chain speculation has already begun as Hyperliquid launched WLFI perps this week, with prices plunging from $0.43 to $0.25, slashing FDV from $43B to $25B. Bottom line? Another DeFi protocol, heavy on Trump branding, light on product. And while the token’s about to be set free, don’t be surprised if retail gets rinsed while insiders sip cocktails.

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Weekly Charts

Crypto Stablecoin Dominance

We’ve now tested the same resistance level three times on the $STABLE.C.D chart. Classic chart wisdom says the more times you knock, the more likely the door flies open and a breakout happens. The first time $STABLE.C.D hit this level back in early August, it got smacked down hard. Second time? Smaller pullback. This time? We’re expecting an even weaker rejection. That said, we’re not aping in just yet. Still too soon. Right now we’re playing it safe and waiting for a dip back to the 7.42% support level. If it gets there, that’s our cue to start loading up some short positions. Patience is the play.

The STABLE.C.D chart shows the market dominance of all stablecoins, indicating the proportion of crypto market value held in stablecoins and reflecting investor sentiment towards risk, as higher dominance often signals a move towards stability.

Bitcoin

BTC is hovering just above $112K and trying to flip it back into support. If it sticks the landing and gives us a clean retest, that’s your cue to consider going long with stops just below the wick low for safety. But if it gets smacked down here, keep your eyes on $108K, that’s the next key level. Zoom out and pull a Fib from the $98K low to the $123K high and you’ll see the retracement zone sits right between $105K and $108K. If this uptrend is still cooking, that’s where the pullback likely wraps up and the next big leg begins. Bottom line: this is make-or-break territory. Flip $112K and bulls get the green light. Reject it and we could be heading for one last dip before the next push.

Ethereum

Price just confirmed the trendline after bouncing perfectly off it. That $4,380 level isn’t just random, it’s acting as support and lines up with the 0.705 Fibonacci level. That bounce? First clean retest. If we get a second one, it could be a good chance to start dipping your toes in with light buys. But the real party starts closer to $4K, that’s the major support level where you can load up with more confidence. Will we get that second retest? Maybe. Maybe not. But if we do, that’s your signal to go in with conviction.

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Token of the Week

Pepe - $PEPE

Pepe is an Ethereum-based memecoin launched in April 2023, paying tribute to the iconic Pepe the Frog. With no presale, no taxes, and no promised utility, it’s purely a community and culture-driven token. Despite that, Pepe exploded onto the scene, hitting a $1.6B+ market cap within weeks and cementing itself as one of the top meme coins alongside Dogecoin and Shiba Inu.

What Does $PEPE Do?
Pepe has no intrinsic utility, it doesn’t power apps or provide staking. Instead, it thrives on meme culture, social sharing, and speculation. The value is in the community itself: trading, holding, and memeing Pepe as a badge of internet culture.

How It Works?
$PEPE is a simple ERC-20 token. All 420.69T tokens were minted at launch. 93.1% was added to Uniswap liquidity (with LP tokens burned), and the remaining 6.9% went to a team multi-sig wallet for listings and bridges. The contract was renounced and carries 0% tax, meaning no added fees and no one can change supply or mechanics.

Tokenomics & Incentives
The supply is fixed at 420.69T, with no inflation. There are no built-in rewards, the only incentive is price appreciation. In August 2023, ex-team members stole ~16T tokens, but the remaining team later burned 6.9T PEPE (~1.6% of supply) to restore trust. Today, team holdings are under 1% of supply, making Pepe largely community-owned.

Ecosystem Impact
Pepe’s rise kickstarted a new wave of meme trading. At launch, its volume even surpassed DOGE and SHIB, and it quickly gained listings on Binance, KuCoin, OKX, and more. It remains highly liquid, with hundreds of millions in daily volume. The community is vibrant across Twitter, Telegram, and Discord, keeping Pepe at the center of meme culture.

Recent Developments
- In October 2023 6.9T tokens were destroyed, boosting confidence and price by ~30%.
- New ATH In Dec 2024, Pepe hit ~$0.000028, pushing its market cap above $10B.
- Top 100 holders have been accumulating, while exchange balances dropped ~50%.
- With no technical roadmap, the project shifted to newsletters and gated chats.

What’s Coming Next?
Pepe has no formal roadmap, so its future depends on meme momentum and market cycles. The team has hinted at more community perks and possible future burns, but fundamentally Pepe will rise or fall on social hype and whale flows, not new utility.

TL;DR
Pepe is a pure Ethereum memecoin with no utility, just memes and community. Launched fair with 420.69T supply, LP locked, and contract renounced, it skyrocketed to a multi-billion valuation and still sees huge trading volumes. With whales active and the community strong, Pepe’s fate rests on meme culture and market sentiment – making it one of the most volatile yet iconic tokens in crypto.

Market Cap - $4,238,985,505
24HR Volume - $483,195,156
Current Price - $0.00001007
All-Time High - $0.00002803 (-64%)
All-Time Low - $0.00000005514 (+18,229%)

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