Upexi shares declined on Tuesday after the company filed with the U.S. SEC to raise up to $1 billion, targeting expansion of its Solana treasury and related token initiatives. The stock closed down 7.5% at $1.84, then climbed 4.3% after-hours to $1.92, according to Google Finance. Upexi holds 2.1 million SOL valued about $262.3 million, per CoinGecko.

Ripple executive Reece Merrick expects institutional involvement in crypto to grow sharply by the end of 2026, with major banks, asset managers and payment networks holding significant exposure. He links this outlook to regulatory clarity around stablecoins, the GENIUS Act, and Ripple’s shift in 2025 toward full-stack institutional infrastructure with products like RLUSD and tokenized T-Bills on the XRP Ledger.

Solana-based meme coin Pippin (PIPPIN) jumped nearly 35% in 24 hours as rising trading volume and bullish technical structure reignited speculative interest. Trading near $0.50 with a market cap around $500 million, PIPPIN is forming an ascending triangle, with traders watching for a breakout that could push the token into a new price-discovery phase.

Covalent X Token (CXT) surged more than 200% in 24 hours after breaking out of a prolonged consolidation range, driven by a sharp spike in trading volume and renewed speculative interest. While no single catalyst has emerged, the rally reflects a technical breakout and improving sentiment around Covalent’s rebranded token and its role in blockchain data infrastructure.

Ripple transferred 65 million XRP, valued at about $121 million, from a company-linked wallet to an unidentified address while the broader crypto market and XRP price were under pressure. The move sparked concerns about a potential sell-off, even as XRP investment products saw nearly $44 million in inflows on December 22 and a key demand zone between roughly $1.82 and $1.98 continued to hold.

Solana recently failed to clear the $130 level and has since retreated below $125, trading under its 100-hour simple moving average. The SOL/USD pair is facing resistance around $124–$125, while key support sits near $122 and then $120, with further downside risk toward $112 and $105 if these levels fail. Bulls would likely need a close above $130 to reopen the path toward $135 and $142.

XRP, the fifth largest crypto asset by market capitalization, has slipped below $2 during a broader correction, yet analyst Sam Daodu argues five key drivers could push it to $5 by 2026. His outlook hinges on strong spot XRP ETF inflows, expanding use of Ripple’s RLUSD stablecoin in Japan, growing tokenization on the XRP Ledger, supportive Federal Reserve rate policy, and reduced exchange balances. XRP recently traded near $1.88, almost 50% under its July all‑time high.

Pudgy Penguins’ PENGU token has fallen from $0.032 in August to about $0.0086, a 73.5% drawdown, while NFT sales volume for the collection slid 31.4% over the past month. Despite exchange outflows suggesting accumulation, recent breaks below $0.009 and $0.00855 point to further downside toward the $0.0054 and $0.0039 support zones identified on the long-term chart.