GRASS crypto dips over 9%, but analysts believe it could be poised for a breakout
Grass, the decentralized web crawling and AI infrastructure token, has seen its price drop over 9% today, trading at $1.96.
Despite this pullback, analysts are suggesting that the token may be primed for a breakout, given its strong technical indicators and growing network activity.
Grass ( GRASS ) aims to democratize access to internet-scale data by creating a decentralized network of over 3 million active nodes.
Users contribute unused bandwidth to help scrape and index the web, building an open, user-owned knowledge graph.
This data is then made available for AI training and other applications, challenging the dominance of tech giants in web crawling and data aggregation.
The project has achieved significant milestones, including the recent Sion upgrade, which enhanced its ability to process multimodal web data—text, images, and 4K video—at scale.
The upgrade introduced advanced scraping algorithms , horizontal compute scaling, and increased the network’s data handling capacity to over 1 petabyte per day
GRASS has broken out of its downtrend! Journey to $5 started 📈🚀 #GRASS $GRASS pic.twitter.com/NxbyoFvzKG
Technical analysis indicates that GRASS may be entering a consolidation phase before a potential breakout, according to past surges in GRASS’s price.
Despite the recent dip, the project’s fundamentals remain strong. The network has scraped over 109.7 million IP addresses and indexed 4.47 billion URLs since its inception, according to past crypto.news reporting.
Moreover, the community’s commitment is evident, with 30% of claimed tokens being staked , reflecting a long-term belief in the project’s vision.
Whale Profits $658K on Solana Meme Coins after $5.86M Investment: Here’s How
A crypto whale invested $5.86 million in five different Solana-based meme coins and currently holds $658,000 in unrealized gains from the move. Blockchain tracking platform Lookonchain called attention to this whale’s movement in a tweet.
The whale’s strategy involved splitting the capital across WIF, Fartcoin, POPCAT, MEW, and BONK. All these tokens are native to the Solana blockchain and represent the growing trend of speculative trading in meme-themed cryptocurrencies.
Related: Bitcoin Price Surge Drives Solana Memecoin Deployments
Lookonchain noted that the whale bought 1.48 million WIF tokens for $1.49 million, which are now valued at approximately $1.42 million. He also acquired 1.14 million Fartcoin for $1.47 million, with a current valuation of $1.37 million.
For POPCAT, the whale purchased 2.92 million tokens for $1.05 million, now worth $1.26 million. He also bought 381 million MEW for $946,000, which has since increased to $1.21 million. Lastly, the whale invested $898,000 to acquire 67.44 billion BONK tokens, which are now valued at around $1.29 million.
Among the tokens, BONK has delivered the largest unrealized profit, rising by $392,000 since purchase. In total, the wallet now holds approximately $6.52 million, generating a gain of $658,000 at current market prices.
Aside from this whale, other recent whale activities suggest a mixed sentiment in the crypto market. Lookonchain reports a major whale accumulating PEPE, withdrawing over 2.21 trillion tokens (worth $29.28 million) from Binance in just two days.
Additionally, another whale reactivated after two years of dormancy and withdrew 1.79 trillion PEPE ($22.23 million), hinting at renewed confidence in the token.
Similarly, a new whale spent $1.7 million in USDC to acquire over 786,000 GRASS, another emerging meme coin. This shows that meme coins still capture attention despite broader market volatility.
However, caution is warranted. Other whales are offloading large holdings of tokens like LDO and BLUR. This triggered price drops of 25% and 20%, respectively, within a week.
Notably, several tokens posted double-digit gains over the past week. Leading the charge is Floki, which rose 23.08% in 7 days, followed by Shiba Inu and Brett, which rose 18.90% and 21.81% respectively.
Related: ‘Fake’ Trump Memecoin Alert: Truth Social Sets Record Straight on Token Rumors
More established names like Dogecoin and Pepe also showed solid performance, gaining 12.59% and 14.07% respectively. Notably, Fartcoin and Pudgy Penguins hold momentum with 13.44% and 16.24% weekly increases.
With this broad-based rally and whale accumulation patterns reported by Lookonchain, the meme coin sector appears to be regaining investor interest. This suggests that this could be a strategic window for high-risk, high-reward exposure.
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