Crypto Investment Update – July 2025

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2025/08/01/crypto-investment-update-july-2025/

This is a performance update to my crypto portfolio posted here:
https://pwlcm.wordpress.com/2025/07/01/crypto-investment-update-june-2025/

Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.

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Tokenize Exchange Update

As readers of my blog would know, Tokenize Exchange has announced that they are ceasing their operations in Singapore in the month of July 2025. I have published a series of blog posts on this saga, including my plan to withdraw my crypto assets and my onboarding experience with Coinbase Singapore and Coinbase Wallet to prepare for my scheduled withdrawal window starting 1 August 2025:

• Tokenize Exchange is Ceasing its Operations in Singapore
• My Withdrawal Plan from Tokenize Exchange
• Tokenize Exchange Enables Convert Dust to TKX
• Onboard with Coinbase Singapore
• Create a Coinbase Wallet

I have done step 1 of my withdrawal plan, i.e. onboard Coinbase Singapore and Coinbase Wallet. Today is the beginning of my scheduled withdrawal window, so I can proceed with the next steps.

Step 2 is to withdraw my cash balance, which I will hold first because my cash balance is really small, only SGD3.73, and I have done cash withdrawals before so it is a known process to me.

Step 3 begins the withdrawal of my crypto assets. Originally I planned to start with a small amount and test out the process. However, I have some friends who are in the July 2025 withdrawal window. They shared with me that as of 31 July 2025 (supposedly the last day of the July window), their crypto asset withdrawal attempts were still shown as "in transit" on Tokenize Exchange platform, and the receiving platforms had not received any withdrawn coins yet.

They received an email from Tokenize Exchange that the July withdrawal window no longer ends on 31 July 2025, but extended to 30 September 2025 instead. So I am adjusting my step 3, instead of starting with a small amount of certain crypto coin, I would pick and withdraw all of the lowest valued coin to test out the process. Only after step 3 is tested and successful, I will proceed with step 4 to withdraw all my other crypto assets.

I will provide updates on my crypto withdrawal in follow-up blog posts.

Market Update

Here are the charts of the 6 crypto coins in my portfolio as of 31 July 2025:

All my crypto coins except TKX generally rebounded in July 2025, but each of the coins moved somewhat differently. We shall look at each chart for details.

BTC Chart

BTC is the strongest among my crypto coins. It hits an ATH level at about SGD157,100 in mid July 2025 and currently consolating just below the ATH level. The bullish sentiment is intact as it is above its Ichimoku cloud and the SGD144,000 resistance-turned-support level.

ETH Chart

ETH rebounded strongly in July 2025, broke the SGD3,900 resistance-turned-support level easily. Again ETH remains bullish as it is above its Ichimoku Cloud, and looks set to test the next resistance level at SGD5,400.

SOL Chart

SOL rebounded and tested the SGD250 resistance level, then retraced and took a breather preparing to retest the resistance. Still bullish as it is above its Ichimoku Cloud.

ADA Chart

ADA rebounded and tested the upper boundary of the downward flag, then retraced to below the SGD1.08 resistance level. Above its Ichimoku Cloud, so there is potential to retest the resistance.

XRP Chart

XRP rebound strongly to test the SGD4.65 resistance level, then retraced and settled around the SGD3.85 support level. It is above its Ichimoku Cloud, possibly retesting the resistance again.

TKX Chart

TKX is an utility coin and its value tied closely with the success or failure of Tokenize Exchange. Its sharp decline happened at the beginning of July 2025, at one point hitting the lowest level at SGD1.08 on 16 July 2025, just before the ceasing operations was announced on 17 July 2025. I can't help but have the feeling that some investors caught wind of MAS not granting MPI licence and went ahead to offload their TKX holdings.

On 17 July 2025, TKX had a small rebound to about SGD17 level, held at that level for almost 2 weeks, then dropped to about SGD7 range on 29 July 2025, and stayed around that level for the last 2 days in July 2025. Not sure but it might be due to those who managed to withdraw TKX to another platform, and they began to cash out their TKX holdings.

Performance Update

My crypto portfolio performance as of 31 July 2025:

Compared July 2025 performance with the previous month, all except TKX had performed better. XRP had turned from red to black, SOL and ADA had reduced their losses, even TKX had maintained in the black since inception. Overall crypto portfolio enjoyed a double digit XIRR of 33.89% since inception.

I am pleased that my crypto portfolio not only survived but remained profitable even it experience the UST Depeg Saga and this Tokenize Exchange Cease Operations saga. Such is the power of portfolio investment strategy and proper risk management.