June 2026 forced a harsh repricing across the cryptocurrency market, effectively wiping out May's gains in just five days. During this period, the industry's total market capitalization fell by 15.21%, XRP lost 16.99%, and Bitcoin dropped by 17.78%.
Against this backdrop, a statement from DonAlt is notable as the analyst gained cult status in late 2024 after accurately predicting XRP's 700% surge from $0.5 to $3.5. Today, with that profit effectively gone, he says market sentiment is at rock bottom, while the market itself has lost its former simplicity.
Bitcoin, XRP, and TOTAL index with DonAlt statement, Source: TradingView
According to DonAlt, the industry's focus has moved away from healthy capital rotation and toward corporate noise, making investors now have to worry not only about trading, but also about overloaded derivatives, hundreds of ETFs, and the risk of being hit by AI exploits in smart contracts.
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The "XRP prophet" stresses that crypto has always grown purely on belief in the asset, not on its underlying value, but now this focus has been redirected toward external irritants, making position holding too dangerous for retail investors.
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A clear example of this thesis came with the sudden collapse of Zcash, when a critical vulnerability in the Orchard pool found using Claude AI assistant sent ZEC down 48.4% in one day.
Commenting on the situation, DonAlt stressed that he refuses to buy the current dip because he does not see any clear path for the project to recover after such a major blow to confidence in its code.
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Fri, 06/05/2026 - 11:34 BlackRock Sees First ETF Inflow in 13 DaysByCaroline Amosun
The only local stabilizing factor in the market remains reports from U.S. funds. According to the latest data, spot ETFs broke multi-day outflow streaks and recorded their first net inflows. Ethereum ETFs attracted $19.30 million after 17 days of withdrawals, Bitcoin ETFs posted a modest $3.04 million inflow after 13 days of decline, and spot XRP ETFs closed with a symbolic $3.83 million gain.
However, despite Wall Street beginning to cautiously buy the dip, DonAlt is not willing to risk capital under the current conditions of "corporate wars". The man who predicted XRP's historic high has set a strict ultimatum for returning to trading: he will start buying assets in full only if Bitcoin closes the current week above the psychological level of $71,000.
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