On-chain data shows retail Ethereum investors have been selling into recent price surges, with a notable decline in small holder supply. Over the past two days, retail holders have parted with 1,791 ETH, indicating a lack of belief in the rally’s sustainability among small investors, despite previous accumulation during bullish periods.
Circle launched the USDC Bridge on April 18, 2026, built on its Cross-Chain Transfer Protocol (CCTP) for native USDC transfers across blockchains. The bridge uses a burn-and-mint mechanism, with fees of approximately $0.20 for moving $20 from Ethereum to Optimism. This development aims to improve cross-chain transfer efficiency and transparency.
Foundation, an Ethereum-based NFT marketplace, has permanently closed after a failed acquisition by Blackdove. Since its launch in 2020, Foundation processed approximately $230 million in digital art sales. The shutdown was confirmed by Kayvon Tehranian on April 15, 2026, marking a significant event in the NFT space as the market continues to evolve.
Wrapped XRP (wXRP) has launched on Solana, enhancing DeFi access for XRP holders. This follows Hex Trust's announcement in December that wXRP would be available on multiple platforms, including Solana, Optimism, Ethereum, and HyperEVM. The integration aims to broaden the utility of XRP in decentralized finance, potentially increasing its adoption and liquidity.
Ethereum is targeting a price of $2,400, driven by whale accumulation, while Solana remains stagnant in the $81–$89 range. The mixed market signals suggest a cautious approach for investors. Meanwhile, BlockDAG has gained attention with a casino announcement promising a potential 195x return, indicating a shift in investor focus towards innovative projects.
This week's crypto price analysis highlights Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid. Ethereum (ETH) closed 6% higher, approaching the key resistance level of $2,400. Market analysts suggest that if bullish momentum continues, ETH could break through this resistance, potentially leading to further gains. The analysis provides insights into the current trends affecting these major cryptocurrencies.
Ethereum NFT platform Foundation is shutting down after a failed sale to Blackdove, which was expected to revitalize its operations. Since its launch in 2021, Foundation has processed approximately $230 million in primary NFT sales. The closure reflects ongoing challenges in the NFT market as platforms struggle to maintain viability amid changing consumer interests.
