Tether Crosses 97,000 BTC, Institutions Pile In While SOL and XRP Struggle

Tether Crosses 97,000 BTC, Institutions Pile In While SOL and XRP Struggle

N
News Editor 01
2026-07-23 23:40:16
Tether’s Bitcoin reserves top 97,000 BTC worth $7.1B, with BlackRock and Strategy also buying heavily. SOL drops 72% and XRP flatlines, as early-stage project Pepeto raises $9.04M ahead of a Binance listing.
TetherBitcoinInstitutional buyingSolanaXRPPepetopresale

Tether has raised its Bitcoin holdings above 97,000 BTC, valued at over $7.1 billion, after a fresh $70 million purchase this week, according to CoinDesk. The stablecoin issuer now channels up to 15% of USDT profits into Bitcoin, with an average entry price around $74,000 — every price increase above that compounds the treasury gains.

Institutional buying spree: BlackRock and Strategy join the rally

In the same week, BlackRock added another $292 million in Bitcoin, while Strategy confirmed a $1.3 billion April buying spree. Combined, institutional demand has reached levels unseen before the prior bull cycle. Tether’s steady accumulation signals that professional capital is stacking coins at a scale retail cannot match, particularly during periods of extreme market fear.

SOL and XRP: faded glory and modest recovery

Solana (SOL) trades at $84, down 72% from its January peak of $295. Despite over $1 billion in spot ETF inflows, CoinGecko data shows price action remains weak, with forecasts targeting $90–$100 by end of April — only a 7% to 19% return. XRP sits at $1.44, having been called the hottest trade of early 2026 by CNBC, but the broader correction erased most gains. Spot XRP ETF flows are still positive, yet the price is essentially flat. Meaningful returns from current levels would take years, if at all.

Early-stage project draws $9.04M: Pepeto presale heats up

While SOL and XRP struggle to recover, a meme token called Pepeto has raised over $9.042 million in its presale. Created by the co-founder of the original Pepe (PEPE), the project offers a zero-fee trading hub (PepetoSwap) and a risk scoring tool that screens contracts for hidden fees, locked liquidity, and fake signals before a buy is confirmed. Staking yields 183% APY, compounding daily. The smart contract has been audited by SolidProof, and the team confirmed a Binance listing is imminent.

Analysts project that at the current presale price of $0.0000001863, Pepeto could deliver 100x gains once listed on Binance. History shows that meme coins — especially those still in presale — often outperform every other crypto during cycle turns. The presale is now in its final days; the Binance listing will permanently close the entry window, rewarding those who entered during fear.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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