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PIPPIN Price Prepares For 221% Breakout, Eyes New ATH

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PIPPIN NVT Ratio.

PIPPIN price has staged a powerful rally, pushing the meme coin closer to its all-time high. While momentum remains strong, continued investor selling could test the sustainability of this advance.

The question now is whether PIPPIN can sustain demand and convert resistance levels into lasting support.

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PIPPIN Is Not Overheating

The Network Value to Transactions, or NVT, ratio remains relatively low despite the recent price spike. Historically, sharp rallies in speculative assets push the NVT ratio higher. A rising NVT often signals that market value is outpacing transaction activity, suggesting overheating conditions.

In PIPPIN’s case, the muted NVT reading indicates that network usage is expanding alongside price. Transaction volumes have kept pace with market capitalization growth. This alignment reduces the probability of an immediate correction driven purely by overvaluation concerns.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

PIPPIN NVT Ratio.
PIPPIN NVT Ratio. Source: Glassnode

A low NVT ratio during a rally can signal healthy participation. It suggests that price gains reflect genuine user engagement rather than excessive speculation. For investors focused on on-chain fundamentals, this metric supports the view that PIPPIN’s recent breakout attempt rests on a stronger footing.

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Will Investors’ Selling Affect PIPPIN?

Exchange data shows that holders have been actively selling over the past several days. Since the beginning of the month, approximately 41.95 million PIPPIN tokens have moved onto exchanges. At current prices, this represents more than $17 million in realized supply.

Such selling typically reflects short-term profit-taking following rapid price appreciation. However, distribution alone does not confirm a bearish reversal. In strong uptrends, elevated exchange balances can coincide with aggressive demand from new entrants absorbing available supply.

PIPPIN Balance on Exchanges
PIPPIN Balance on Exchanges. Source: Glassnode

The combination of rising prices, steady NVT readings, and exchange inflows may indicate absorption. Buyers appear willing to offset sell pressure without triggering a breakdown. This dynamic is often observed in early-to-mid bull market phases, when demand quietly outpaces distribution despite visible profit-taking.

PIPPIN Price Breakout Likely

PIPPIN price has surged 159% over the past five days, trading at $0.419 at publication. The meme coin stands out as the week’s top-performing digital asset. Technical charts show the token nearing a breakout from a descending broadening wedge pattern.

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The wedge formation projects a potential 221% advance upon confirmation. A decisive move above $0.518, flipped into support, would validate the breakout structure. Even if PIPPIN falls short of the full projection, momentum could still drive price beyond its previous all-time high of $0.720 and toward $0.800.

Risk factors remain relevant for short-term traders. If the NVT ratio begins rising while exchange selling persists, transaction activity may weaken. A failed breakout could trigger a pullback toward $0.267 or even $0.186. Such a decline would invalidate the current bullish thesis and shift momentum decisively lower.

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Strategy to issue more preferred stock to reduce volatility

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Strategy says BTC would need to fall to $8K to strain debt

Strategy is turning to preferred stock to keep buying Bitcoin while easing pressure from market swings.

Summary

  • Strategy is issuing more preferred shares to fund Bitcoin purchases.
  • The “Stretch” stock pays an 11.25% variable dividend and aims for price stability.
  • The move targets investors seeking crypto exposure with lower risk.

Strategy is expanding its use of preferred stock as it looks for new ways to fund Bitcoin purchases while reducing pressure from market volatility. 

The move comes as the company’s share price continues to closely track swings in the cryptocurrency market.

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A new approach to managing risk

In a Feb. 12 interview with Bloomberg, chief executive officer Phong Le said the company is offering more perpetual preferred shares to attract investors who want exposure to digital assets without extreme price changes. The product, known as “Stretch,” pays a variable dividend that is adjusted each month.

The current dividend rate stands at 11.25%. The structure is designed to keep the stock trading close to its $100 par value. This helps limit sharp price movements that are common in Strategy’s regular shares.

Preferred shares sit above common stock in the company’s capital structure but below debt. They usually offer a steady income and priority on dividends, while giving up voting rights. This makes them appealing to investors who value stability over rapid growth.

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Funding Bitcoin while limiting volatility

Over the past three weeks, Strategy raised about $370 million through common stock sales and another $7 million through preferred shares. The funds were used to buy more Bitcoin (BTC), pushing the company’s total holdings above 714,000 BTC, worth roughly $48 billion.

For years, Strategy’s business model has been built around using capital markets to accumulate Bitcoin. As a result, its stock often behaves like a leveraged version of the cryptocurrency. When Bitcoin rises, the stock tends to surge. When prices fall, losses are often amplified.

Bitcoin has dropped around 50% from its recent peak, which has weighed heavily on Strategy’s shares. This slowdown has made it harder for the company to rely only on common stock sales for funding.

Preferred stock offers another option. The steady dividend and price controls are meant to attract institutions such as pension funds, insurers, and banks. These investors often prefer predictable returns rather than high-risk exposure.

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Co-founder Michael Saylor has repeatedly said the company has no plans to sell its Bitcoin. Strategy intends to continue buying more each quarter, regardless of market conditions.

Analysts say preferred shares also strengthen the company’s balance sheet. Compared with convertible bonds, they reduce refinancing risk and limit sudden dilution for existing shareholders.

Strategy raised about $5.5 billion through several preferred stock offerings in 2025. The latest issuance continues that pattern, showing that the company sees long-term value in this funding model.

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Paxos Labs Launches Privacy-Preserving USAD Stablecoin on Aleo Network

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21Shares Introduces JitoSOL ETP to Offer Staking Rewards via Solana

TLDR:

  • USAD offers privacy-preserving transactions while maintaining regulatory oversight capabilities
  • Paxos leverages its established infrastructure to issue compliant stablecoins on Aleo’s platform
  • Circle previously partnered with Aleo for USDCx, showing competitive interest in privacy solutions
  • Aleo raised $200 million at $1.45 billion valuation from SoftBank, a16z, and Coinbase Ventures

 

Privacy-preserving USAD stablecoin has launched on the Aleo Layer 1 mainnet through a partnership between Paxos Labs and Aleo Network.

The collaboration introduces digital dollars to a zero-knowledge powered environment. The stablecoin offers privacy and programmability features for enterprise users.

Aleo previously partnered with rival issuer Circle to pilot USDCx. The launch reflects growing institutional demand for privacy-focused blockchain solutions.

Partnership Details and Technical Framework

Paxos Labs will issue USAD using its established infrastructure to meet regulatory oversight requirements. The stablecoin operates on Aleo’s zero-knowledge cryptography platform.

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The technology provides end-to-end encryption by default. The platform conceals participant identities, wallet addresses, and transaction amounts from public view.

Aleo COO Leena Im explained the stablecoin design incorporates Paxos’ issuance infrastructure. The system meets “oversight requirements while still protecting sensitive user information,” Im noted.

The balance between privacy and oversight represents a core technical achievement. Selective disclosure capabilities allow for regulatory compliance without compromising user confidentiality.

USAD supports traditional payment functions as well as advanced programmable applications. The stablecoin enables use cases difficult to execute on transparent blockchains.

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Target applications include discreet payroll processing, business-to-business payments, and anonymous decentralized finance activities. Furthermore, enterprises can embed trusted digital currency into their platforms.

Paxos Labs co-founder Bhau Kotecha emphasized the strategic value of the collaboration. “Working with Aleo, we are bringing digital dollars into an environment where privacy and programmability are built in from the start,” Kotecha said.

He added that enterprises gain “a way to embed money they can trust.” The executive expects more organizations to deploy custom assets on blockchain platforms.

Kotecha noted that stablecoins continue to impact traditional financial rails. He stated Aleo and its team are “already ahead of the curve” on this development.

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The trend toward programmable money reshapes financial infrastructure. Organizations increasingly value privacy-preserving transaction capabilities for commercial operations.

Market Context and Company Background

The launch occurs amid rising interest in institutional-grade privacy solutions for blockchain assets. Businesses want blockchain benefits without exposing sensitive commercial details on transparent networks.

Circle previously selected Aleo to develop USDCx, a privacy-focused version of its flagship token. The competitive landscape shows multiple issuers exploring privacy-preserving stablecoin technology.

Paxos has established experience in the stablecoin sector through partnerships with major platforms. The company previously issued stablecoins for PayPal and Binance.

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Moreover, Paxos plays a role in the Global Dollar consortium. The USDG initiative includes Anchorage Digital, Bullish, Kraken, OKX, Robinhood, and World.

Aleo Network launched its mainnet in September 2024 after several years of development. The Layer 1 project raised $200 million in a 2022 Series B funding round.

The company achieved a valuation of $1.45 billion during the financing. SoftBank’s Vision Fund 2 and Kora Management co-led the investment.

The project has attracted backing from prominent investors across the blockchain ecosystem. Notable supporters include a16z, Softbank, Coinbase Ventures, Samsung Next, and Tiger Global.

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The investor roster demonstrates confidence in zero-knowledge technology applications. Aleo’s platform aims to enable privacy-focused blockchain solutions for enterprise adoption.

 

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Thailand Approves Bitcoin For Derivatives Trading Markets

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Thailand Approves Bitcoin For Derivatives Trading Markets

Thailand’s government on Tuesday approved the Finance Ministry’s proposal allowing digital assets to be used as underlying assets in the country’s derivatives and capital markets.

The move aims to modernize Thailand’s derivatives markets in line with international standards, strengthen regulatory oversight and investor protection, and position itself as a regional hub for institutional crypto trading, the Bangkok Post reported.

The country’s Securities and Exchange Commission (SEC) will amend the Derivatives Act to enable these new asset classes, which include Bitcoin (BTC) and carbon credits. 

“The decision to formally recognize digital assets, including cryptocurrencies and digital tokens […] reflects a growing understanding that digital assets are no longer merely speculative instruments, but an emerging asset class with the potential to reshape the foundations of capital markets,” said Nirun Fuwattananukul, chief executive of Binance Thailand.

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He added that it was a “watershed moment” for the country’s capital markets, sending a “strong signal” that Thailand is positioning itself as a “forward-looking leader” in Southeast Asia’s digital economy.

Strengthening crypto recognition for investors

Thailand is targeting wealthy institutional investors as it expands its crypto ambitions. The move also aligns with the Stock Exchange of Thailand’s plans to introduce Bitcoin futures and exchange-traded products in 2026. 

Related: Thailand plans crypto ETF rules as institutional interest increases

SEC secretary-general Pornanong Budsaratragoon said the move will “strengthen the recognition of crypto as an asset class, promote market inclusiveness, enhance portfolio diversification, and improve risk management for investors.”

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Still no crypto payments in Thailand

Retail trading remains popular in Thailand, with the Kingdom’s largest exchange, Bitkub, seeing daily volumes of $65 million, according to CoinMarketCap.

However, the central bank has outlawed crypto payments, and consumer stablecoin use remains restricted. 

The government launched an app in August for short-term tourists to convert crypto to local currency, but users must undergo stringent Know Your Customer (KYC) and customer due diligence checks, and usage remains restricted to government-approved outlets. 

Thailand launched a campaign in January against so-called “gray money,” targeting crypto as part of an effort to combat money laundering. 

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