Upland: Berlin is here!

U.S. Securities and Exchange Commission (SEC) lawsuit against major cryptocurrency exchanges Binance and Coinbase following Ripple’s landmark ruling that the sale of some XRP did not amount to the sale of securities The tokens involved have experienced significant price volatility.

Some of these tokens managed to recover, while others showed more stagnant performance denominated in Bitcoin (BTC).

ticker price 1W change YTD performance trading volume
SOLBTC 0.0009142 29.33% 51.63% 79.052K
ADABTC 0.00001143 21.21% -23.08% 46.064K
MATIC BTC 0.00002746 20.33% -40.12% 33.96K
COTIBTC 0.00000183 12.96% -43.34% 604
SANDBTC 0.00001519 11.12% -34.38% 5.481K
MANABTC 0.00001394 10.63% -22.38% 3.789K
AXSBTC 0.0002112 10.06% -41.98% 4.474K
Near BTC 0.00004788 8.84% -36.94% 3.537K
CHZBTC 0.00000268 7.20% -55.78% 1.532K
ICP BTC 0.0001417 6.14% -40.41% 1.032K
ALGOBTC 0.00000384 4.63% -63.22% 5.142K
Dash BTC 0.001144 3.44% -54.87% 2.339K
ATOMBTC 0.0003225 3.17% -42.99% 5.399K
FILBTC 0.0001481 3.13% -18.67% 7.026K
FLOW BTC 0.00002046 1.19% -48.07% 2.323K
NEXOBTC 0.00002057 0.93% -48.26% 159

Many tokens fell more than 20% in June following the SEC lawsuits against Coinbase and Binance. However, at the time of writing, Solana (SOL) is up 29.33% against BTC despite a year-to-date performance of 51.63%, showing a solid weekly performance. This figure puts SOL above many other tokens after the lawsuit.

Cardano (ADA) has also demonstrated resilience. After year-to-date performance of -23.08%, the token posted a staggering 21.21% gain last week. Similarly, Polygon (MATIC) posted a strong weekly performance with a 20.33% gain after a year-to-date performance of -40.12%.

In contrast, other tokens have struggled. FLOW, for example, has recovered only 1.19% of his, reflecting a year-to-date performance of -48.07%. Nexo Token (NEXO) also saw little change, gaining just 0.93% over the week and performing year-to-date -48.26%.

Additionally, according to data compiled from TradingView, NEXO along with COTI have been in a situation of shallow BTC trading volume over the last 24 hours.

Bitcoin itself rose just 3.3% against the dollar over the week.

As previously reported, game-related tokens such as CHZ, SAND, MANA, FLOW, and AXS were hit hardest in June, experiencing double-digit drawdowns, but signs of recovery as of this writing. is shown only for MANA and SAND. However, tokens such as SOL, ADA, and MATIC have shown admirable recoveries, with Bitcoin rising more than 20%.

However, the long-term impact of these lawsuits remains uncertain, as is the impact of potential regulatory actions on various tokens and exchanges.

Ultimately, the outcome of the SEC lawsuits against Binance and Coinbase will be the next battleground for regulatory clarity around digital asset sales.

Posted in: Bitcoin, Cardano, Cosmos, Polygon, Ripple, Solana, XRP, Binance, Coinbase, USA, Analysis, Tokens, Trading

By Jules

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