A massive $268 million liquidation wiped out overleveraged traders, with Ethereum and Solana hit hardest.
Key takeaway: Stellar price prediction for 2025 is a maximum value of $0.540. In 2028, XLM will range between $1.26 and $1.44, with an average price of $1.35. The token could reach as high as $2.34 in 2031. Stellar (XLM) is a decentralized cryptocurrency and payment protocol launched in July 2014 by Jed McCaleb and Joyce Kim. Developed by the non-profit Stellar Development Foundation, it aims to facilitate fast, low-cost cross-border transactions. Stellar operates on its blockchain, using the Stellar Consensus Protocol (SCP) to validate transactions, which enhances security and efficiency. One of Stellar’s key features is its ability to enable currency exchange between different fiat and digital assets. The network charges a minimal transaction fee of 0.00001 XLM, making it an attractive option for users seeking affordable transaction solutions. Stellar is particularly focused on financial inclusion, targeting unbanked populations in developing regions by providing access to essential financial services. XLM, the native cryptocurrency of the Stellar network, is used for transaction fees and as a bridge currency in cross-asset transactions. Initially, there were 100 billion XLM, but in 2019, the Stellar Development Foundation burned approximately half of the total supply to enhance its value and utility. Today, around 30.6 billion XLM are in circulation, with the network gaining traction for its real-world applications in remittances and asset transfers. Is XLM a good investment? Will it go up? Is Stellar Lumens a buy or sell? Where will it be in 5 years? We answer these questions and more in our Stellar’s Cryptopolitan Price Prediction. Overview Cryptocurrency Stellar Token XLM Price $0.2848 Market Cap $8.73B Trading Volume $464.53M Circulating supply 30.65B XLM All-time High $0.9381 on Jan 04, 2018 All-time Low $0.001227 on Nov 18, 2014 24-h High $0.3239 24-h Low $0.2719 Stellar price prediction: Technical analysis Metric Value Volatility (30-day variation) 9.57% 50-day SMA $0.390494 14-Day RSI 36.16 Sentiment Bearish Fear and Greed Index 25 (Extreme Fear) Green days 12/30 (40%) 200- day SMA $0.247439 Stellar price analysis: Bearish swing results in loss below $0.2848 TL;DR Stellar price analysis confirmed a downtrend at $0.2848. Cryptocurrency lost up to 11.01% of its value. XLM coin prices target next support around $0.2626. On 25 February 2025, Stellar price analysis revealed a decreasing trend for the currency. Coin value has deteriorated to $0.2848 in the last 24 hours, falling by 11.01 percent. The bearish momentum has been intensifying in the past week, resulting in a considerable loss. XLM/USD price analysis on a daily basis The one-day price chart of Stellar Coin confirmed a downward market trend for the cryptocurrency. XLM/USD value has dropped to $0.2848 during the day. XLM/USD chart . Image Source: TradingView The distance between the Bollinger bands determines the volatility. This distance is widening as volatility rises. The Relative Strength Index (RSI) indicator is close to the oversold region. The indicator’s value dropped to 32.5 in the last 24-hours. This movement is depicted by a steep, bearish slope. XLM/USD price analysis on the 4-hour chart The four-hour price analysis of Stellar coin confirmed a bearish trend. XLM/USD value has receded to a $0.2847 low in the past few hours. The rising volatility levels signal a higher chance of a reversal in the current price movements. XLM/USD chart . Image Source: TradingView The Bollinger bands are widening. The increasing volatility levels signal market unpredictability. The upper Bollinger band has shifted to $0.3538, indicating the resistance level. Conversely, the lower Bollinger band has moved to $0.2824, securing the support. The RSI indicator is hovering within the oversold region for now. Currently, at index 22.52 and still moving downward, this confirms a bearish trend. The falling curve on the RSI graph signals growing selling activity. Stellar technical Indicators: Levels and action. Daily simple moving average (SMA) Period Value ($) Action SMA 3 0.360034 SELL SMA 5 0.341314 SELL SMA 10 0.348441 SELL SMA 21 0.333383 SELL SMA 50 0.390494 SELL SMA 100 0.395818 SELL SMA 200 0.247439 BUY Daily Exponential moving average (EMA) Period Value ($) Action EMA 3 0.097115 SELL EMA 5 0.0969 SELL EMA 10 0.096989 SELL EMA 21 0.097403 SELL EMA 50 0.098043 SELL EMA 100 0.100974 SELL EMA 200 0.106326 SELL What can you expect from XLM price analysis next? Stellar price analysis gives out a bearish prediction regarding the ongoing market events. Coin value has dropped down to $0.2848 low in the past 24-hours. Side by side, the cryptocurrency lost a major 11.01 percent of value during the day. Technical indicators as well as the price charts continue to give out a bearish verdict. Further downside might be observed soon, as the selling activities continue to advance. Is Stellar a good investment? Stellar (XLM) has potential as a long-term investment due to its focus on facilitating fast, low-cost international payments and its growing utility. While past performance shows significant volatility, XLM has outperformed many top cryptocurrencies. With the upcoming launch of smart contracts via Soroban, Stellar’s utility is set to expand massively in 2025. However, the coin’s price is closely tied to its adoption, and competition from other cryptocurrencies poses risks. Ultimately, Stellar’s viability as an investment depends on your risk tolerance and belief in its future growth potential. Why is XLM down? Stellar Lumens (XLM) has struggled to gain traction due to its high circulating supply, which limits price growth potential. Additionally, its price movements often lag behind the broader cryptocurrency market, and ongoing operational sales by the Stellar Development Foundation contribute to downward pressure. Will XLM reach $1? Predictions for Stellar Lumens (XLM) suggest it is likely to reach $1 in the near future. Most forecasts estimate prices between $0.96 and $1.14 by 2027, indicating significant gains for the coin. Will XLM reach $10? Current predictions suggest that Stellar Lumens (XLM) is unlikely to reach $10 in the near future. Most forecasts estimate its price will remain below $3 through 2031, with some projections suggesting a maximum of around $2.34. How much will stellar lumens be worth in 2030? Stellar (XLM) is expected to trade anywhere from $1.86 to $2.04 in 2030. How safe is XLM? Stellar (XLM) is a relatively safe cryptocurrency with a strong foundation, regular protocol updates, and partnerships with major entities. However, the crypto market is unpredictable, and potential investors should be cautious due to possible regulation changes. Does Stellar Lumens have a future? Stellar Lumens (XLM) shows potential for a positive long-term future due to its innovative blockchain technology and strategic partnerships, particularly in cross-border payments. Analysts predict significant price increases, potentially reaching $2.34 by 2031, driven by ongoing developments and market adoption. Recent news/ updates OpenZeppelin introduced contract-making options for Stellar developers, who can build smart contracts that are flexible and secure. The move came along with OpenZeppelin Stellar Library’s first official audit release. We’re excited to announce the first official audited release of the OpenZeppelin Stellar Library 💫 @StellarOrg developers can now leverage OpenZeppelin Contracts to build secure, flexible, and powerful smart contracts. pic.twitter.com/NDRM9QImkh — OpenZeppelin (@OpenZeppelin) February 21, 2025 Stellar price prediction February 2025 According to predictions, Stellar (XLM) could range between $0.250 and $0.357 in September 2024, with an average price of $0.311, depending on market dynamics and investor sentiment. Price Prediction Potential Low ($) Average Price ($) Potential High ($) February 2025 $0.250 $0.311 $0.357 Stellar price prediction 2025 The Market price for Stellar (XLM) is expected to reach a maximum price of $0.54 in 2025, with a potential minimum of $0.36 and an average trading price of $0.45. Price Prediction Potential Low ($) Average Price ($) Potential High ($) 2025 $0.36 $0.45 $0.54 Stellar price prediction 2026 – 2031 Year Potential Low ($) Average Price ($) Potential High ($) 2026 $0.66 $0.75 $0.84 2027 $0.96 $1.05 $1.14 2028 $1.26 $1.35 $1.44 2029 $1.56 $1.65 $1.74 2030 $1.86 $1.95 $2.04 2031 $2.16 $2.25 $2.34 Stellar (XLM) price prediction 2026 In 2026, XLM’s average price is expected to be around $0.75. Its minimum and maximum trading prices are predicted to be $0.66 to $0.84, respectively. Stellar (XLM) price prediction 2027 The price for Stellar is predicted to reach a maximum value of $1.14 in 2027. On the lower end, XLM is expected to trade at $0.96, with an expected average price of $1.05. Stellar (XLM) price prediction 2028 Traders can expect an average trading price of $1.35, with minimum and maximum prices of $1.26 and $1.44, respectively, in 2028. expect stellar Stellar (XLM) price prediction 2029 For 2029, the price prediction for price of XLM is expected to range from $1.56 to $1.74, with an expected average trading price of $1.65. Stellar (XLM) price prediction 2030 In 2030, Stellar’s average forecast price could be around $1.95. Its minimum and maximum trading prices are expected to be $1.86 and $2.04, respectively. Stellar (XLM) price prediction 2031 The Stellar (XLM) forecast for 2031 suggests a price range between $2.16 to $2.34, with an average rate of $2.25. Stellar (XLM) price prediction 2025-2031 Stellar market price prediction: Analysts’ XLM price forecast Firm Name 2025 2026 CoinCodex $0.455 $0.239 DigitalCoinPrice $0.66 $0.76 Cryptopolitan’s Stellar price prediction The Stellar (XLM) market is expected to grow steadily in 2025, driven by developments and strategic partnerships. According to Cryptopolitan, XLM could reach a maximum price of $0.51. However, market volatility and economic factors might push the price to a low of $0.31. The average trading price is predicted to hover around $0.43, indicating potential growth opportunities and highlighting risks from market fluctuations and competitive pressures. Investors should be mindful of these dynamics when considering Stellar’s prospects.hh XLM historical price sentiment XLM price history Stellar (XLM) was launched in April 2015, starting with a price of approximately $0.00279. The cryptocurrency experienced a challenging year, closing at around $0.00175, marking it as one of its worst years. In 2016, XLM’s price further declined to an average of $0.00200, with a maximum price of $0.00338. The following year, 2017, was a turning point, as Stellar surged significantly, reaching an average price of $0.0335 and peaking at $0.3904. The bullish momentum continued into 2018, where XLM hit its all-time high of $0.9381 in January. However, the price fell sharply throughout the year, closing at approximately $0.1103. In the subsequent years, XLM’s price fluctuated, with notable lows in 2019 around $0.0450 and a recovery in 2021, where it reached $0.7930. In July 2023, Stellar’s price jumped to $0.159, reflecting its volatility and potential for growth in the cryptocurrency market. In March 2024, Stellar flashed at $0.14 once again before a correction. In November the same year, it jumped high to $0.515 and closed the year near the $0.31 level. Stellar’s peak price in January 2025 was $0.48, but it decreased to $0.29 in February.
Are you keeping a close watch on the crypto markets? Recent data reveals a noteworthy shift in the U.S. spot Ethereum ETFs landscape. Investors monitoring these instruments need to pay attention as we unpack the latest figures signaling a potential change in momentum. Let’s dive into the details of the recent outflows and understand what they might mean for the future of Ethereum and the broader crypto investment sphere. What’s Happening with Spot Ethereum ETFs? The buzz around spot Ethereum ETFs has been significant, especially following the initial excitement of their launch. However, recent data from Farside Investors paints a slightly different picture. On February 24th, these ETFs collectively experienced a net outflow of $78 million. This marks the third consecutive trading day of net outflows, suggesting a trend that investors should be aware of. To put it into perspective, let’s break down the performance of some key players: BlackRock’s ETHA: Led the outflows with a substantial $48.2 million. Grayscale’s ETHE: Followed with $15.4 million in outflows. Bitwise’s ETHW: Recorded $9.7 million in net outflows. Grayscale’s mini ETH: Saw $4.7 million leave the fund. Interestingly, other ETH ETFs reported no changes in their holdings on the same day. This concentrated outflow from specific funds raises questions about investor sentiment and portfolio adjustments within the Ethereum ETF space. Decoding the Ethereum ETF Outflows: Why the Shift? Understanding the ‘why’ behind these Ethereum ETF outflows is crucial. Several factors could be at play, and it’s likely a combination of these that’s influencing investor decisions: Profit Taking: After periods of market gains, some investors might be taking profits off the table. If Ethereum has seen a price appreciation leading up to these outflows, it’s a natural investor behavior to secure returns. Market Volatility: The cryptocurrency market is known for its volatility. Periods of uncertainty or broader market corrections can trigger investors to reduce exposure to perceived riskier assets, including crypto ETFs. Alternative Investment Opportunities: Capital might be rotating into other asset classes or investment opportunities that appear more attractive at the moment. This could be within the crypto space itself, such as other cryptocurrencies or DeFi protocols, or even outside of crypto altogether. Fund-Specific Factors: Outflows from particular ETFs, like those from BlackRock and Grayscale, might be related to specific fund dynamics, management fees, or investor perception of these individual funds compared to others. It’s important to note that a few days of outflows do not necessarily indicate a long-term trend reversal. However, consistent outflows warrant attention and further analysis to understand the underlying market sentiment. Deep Dive into ETH ETF Performance: Examining the Numbers Let’s take a closer look at the performance of these ETH ETF products. While the recent outflows are noteworthy, it’s essential to consider the broader context. Here’s a table summarizing the net outflows on February 24th: ETF Name Net Outflow (USD) BlackRock’s ETHA $48.2 million Grayscale’s ETHE $15.4 million Bitwise’s ETHW $9.7 million Grayscale’s mini ETH $4.7 million Others $0 million Total $78 million As you can see, the majority of the outflows were concentrated in BlackRock’s and Grayscale’s funds. This concentration could indicate specific investor reactions to these larger, more established players in the ETF market. What Does This Mean for the Ethereum Market? The implications of these Ethereum ETF outflows for the broader Ethereum market are multifaceted. Here are a few key points to consider: Price Impact: Significant and sustained ETF outflows could exert downward pressure on the price of Ethereum. While ETF flows are not the only price determinant, they represent a substantial demand side factor. Investor Sentiment: These outflows could reflect a shift in short-term investor sentiment towards Ethereum. Monitoring these flows in the coming days and weeks will be crucial to gauge whether this is a temporary blip or a more persistent trend. Market Correction or Consolidation: Outflows could be part of a broader market correction or consolidation phase. After periods of rapid growth, markets often experience pullbacks as they seek a new equilibrium. Opportunity for Accumulation: Conversely, for long-term investors, periods of outflows and potential price dips could present opportunities to accumulate Ethereum at potentially more favorable prices. Navigating Ethereum ETF Investments: Actionable Insights For investors navigating the Ethereum ETF landscape, here are some actionable insights: Stay Informed: Keep a close eye on ETF flow data from reputable sources like Farside Investors and monitor market news for any developments that could influence investor sentiment. Diversification: Diversification remains key. Avoid putting all your eggs in one basket. Consider a diversified crypto portfolio and asset allocation strategy. Long-Term Perspective: Remember that cryptocurrency investments, including Ethereum ETFs, are generally considered long-term plays. Short-term fluctuations are inherent in the market. Focus on the long-term potential and your investment goals. Due Diligence: Before investing in any ETF, understand its structure, fees, and underlying holdings. Compare different ETF offerings to find one that aligns with your investment strategy. In conclusion, the recent $78 million net outflow from U.S. spot Ethereum ETFs on February 24th is a noteworthy development. While it marks the third consecutive day of outflows and warrants attention, it’s crucial to interpret this data within the broader market context. Whether this is a temporary dip or the start of a trend remains to be seen. Investors should stay informed, maintain a balanced perspective, and focus on their long-term investment strategies in the dynamic world of cryptocurrency. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action.
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Dogecoin could be set for a 5% rally this week, but FloppyPepe is gearing up for a potential 4,357% surge. Table of Contents FloppyPepe: Presale momentum drives a potential 4,357% surge Dogecoin price forecast: Analysts see a 5% increase ahead Conclusion The Dogecoin (DOGE) price is experiencing relative volatility, but forecasts suggest a potential rally of 5% this week. Meanwhile, FloppyPepe (FPPE), a new meme coin, is capturing investor attention with its promise of financial freedom and is projected to surge by 4,357%. FloppyPepe: Presale momentum drives a potential 4,357% surge FloppyPepe is rapidly gaining momentum in the cryptocurrency market, with analysts forecasting a potential 4,357% surge. FloppyPepe offers FloppyX, an AI-driven video production tool that generates high-quality, shareable videos. With short-form content dominating social media, this feature guarantees visibility beyond traditional crypto discussions. Meme-o-Matic has recently launched and will offer a text-to-image AI tool for instant meme creation, allowing users to create, share, and monetize meme content. The cryptocurrency community has noticed FloppyPepe’s unique value proposition. Notably, YouTuber NASS CRYPTO has recognized the potential of this new token and now tags it as the latest AI gem. This endorsement, coupled with a thriving private funding round that raised $907,200 in a single day, underscores the growing investor confidence in its vision. FloppyPepe offers high growth potential, AI-driven applications, and a deflationary structure that encourages scarcity. At its discount presale price and early listing on CoinMarketCap, investors see an opportunity to enter before significant price movements occur. Additionally, SolidProof has audited its smart contract to confirm its security claims. As more crypto market participants take notice, the value of this meme coin could surge rapidly. FloppyPepe is positioning itself as a major competitor that could take over the meme coin market. You might also like: SHIB could 2x, but this AI-powered meme coin could see a 20,000% explosion Dogecoin price forecast: Analysts see a 5% increase ahead Dogecoin has recently ascended to the forefront of the cryptocurrency market, with a 5% increase forecasted for this week. Dogecoin has built a reputation as the pioneering meme coin, sticking around for years with a loyal community and steady interest from investors. Currently hovering at around $0.2054, the Dogecoin price has experienced a notable 41.16% decline in the monthly chart, with a 14.65% drop in the past week. However, one analyst on X pointed out that the Dogecoin price could be on the verge of a 25% move as it nears a breakout from this symmetrical triangle, signaling a strong bullish setup. As the Dogecoin price continues to show resilience, many investors are closely monitoring its next move. Conclusion Dogecoin has had its moment in the meme coin market and has maintained its position in this sector for years. As the original meme-based cryptocurrency, it has built a dedicated following and continues to attract investor interest, with a 5% projected for this week. However, some analysts believe that the new crypto presale, FloppyPepe, could see a 4,357% surge. With a stage-based presale model designed to benefit early participants, FloppyPepe is presently valued at $0.0000002. FloppyPepe holders can generate passive income through a redistribution system while supporting its fast-growing ecosystem. Through its referral program, users earn bonus rewards for every new member they invite. Furthermore, investors can use its tokens for everyday crypto transactions, removing the need for conversion when handling transaction fees. For more information on FloppyPepe, visit the website , Telegram , or X . Read more: Elon Musk’s latest tweet sends this token up 500%, crypto insiders say it’s the next DOGE Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Bybit’s chief executive says the firm has now fully closed the Ethereum gap after hackers stole nearly $1.5 billion worth of ETH and Lido Staked Ether ( stETH ) from the crypto exchange last week. Bybit CEO Ben Zhou says the exchange has restored a 1:1 backing on all client assets after the record-setting hack. Zhou’s claims are echoed in a proof-of-reserves audit report published by the blockchain security auditor Hacken on Sunday. “The Hacken team’s Proof of Reserves audit, conducted on Sunday, February 23, 2025, demonstrates that Bybit maintains an in-scope reserve ratio of > 100 %. This finding signifies that Bybit possesses sufficient reserves to cover its in-scope liabilities, thereby bolstering trust and confidence among its users and stakeholders.” Source: Hacken The Bybit CEO said hackers manipulated an ETH transfer between one of the exchange’s cold wallets and warm wallets. Pseudonymous on-chain investigator ZachXBT linked the exploit to the Lazarus Group, an infamous North Korean cybercriminal outfit. The Dubai-based exchange announced a full restoration of services on Sunday despite a record-setting level of withdrawal requests following the hack. “Bybit has successfully processed the highest number of withdrawal requests in our history. Within the first 10 hours of the incident, we processed over 350,000 withdrawal requests, completing 99.9% of them by 1:45 AM UTC. As of now, all withdrawals across all tokens are fully operational, with our systems running smoothly and processing without delays. In total, over 580,000 withdrawal requests have been successfully completed.” Bybit also launched a recovery bounty program to recover the stolen funds, offering 10% of the retrieved amount. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Exchange Bybit Fully Closes Ethereum Gap, According to Updated Proof of Reserves Report appeared first on The Daily Hodl .
Crypto lending firm Nexo has recently secured a major partnership with the Acapulco Tennis Open (ATP). This big tennis tournament happens every year at Arena GNP Seguros in Mexico. With this partnership, Nexo boldly moves into sports while encouraging more people to use digital assets. Nexo Makes Strategic Move Into Sports As the event’s official sponsor, Nexo will have its brand all over the stadium during the tournament from February 24 to March 1, 2025. The Acapulco Tennis Open is in its 32nd edition and will feature top players like Alexander Zverev, Casper Ruud, and Tommy Paul. This partnership will give Nexo the platform to connect to audiences who appreciate strategy and long-term success. It is similar to how people invest in crypto with careful planning. Nexo’s sponsorship shows how Web3 and crypto firms are expanding into the sports industry through big sponsorship deals. From Formula 1 to soccer, the NFL, and basketball, digital assets are becoming more popular in sports. By partnering with ATP, the brokerage is not just sponsoring a tournament but bringing crypto closer to everyday sports lovers. Nexo’s 2025 Growth Strategy and Expansion This deal is part of Nexo’s 2025 growth strategy, especially in Latin America. Last year, the crypto-focused company resumed onboarding new clients in the UK . This came after successfully implementing a series of upgrades to meet compliance requirements set by the Financial Conduct Authority (FCA). As crypto adoption increases globally, the firm was trying to position itself at the center of this growth. The company focuses on making its Dual-Mode Nexo Card more accessible, working on its platform to improve crypto-border payments. It also aims to launch AI-driven tools this year. Beyond expanding its services, Nexo is increasing the utility of its native token, NEXO. The company wants to increase the token’s usefulness and deliver strong returns to investors. The Resilient Nexo Growth Path Since its launch in 2018, Nexo has grown into a leading digital finance company. In 2022, the company faced financial challenges due to the crypto market downturn. These struggles influenced its decision to rebrand to become a full digital wealth platform. Now, the firm operates in 150 countries, managing over $11 billion in assets. It has processed $320 billion in transactions so far, proving its strength in the industry. In late November, Nexo faced legal trouble when eight U.S. state regulators issued a Cease and Desist Order . They claimed that it was selling and offering securities without approval. The regulators demanded that the company stop these activities in their states. This came after Nexo finalized a $45 million settlement with the U.S. SEC and state regulators in 2023. The post Nexo Expands Its Reach Through Major Tennis Open Sponsorship appeared first on TheCoinrise.com .
Hacked cryptocurrency exchange Bybit has declared a “war against Lazarus” and launched a new website tracking the group’s wallet addresses, hoping to crowdsource the investigative efforts. In return for submissions that lead to frozen funds, the exchange is offering 5% of what gets frozen. The declaration of “war” came from Bybit’s CEO, Ben Zhou, in a social media post in which he noted the firm was launching the first “first bounty site that shows aggregated full transparency on the sanctioned Lazarus money laundering activities.” Read more: North Korean Hackers Were Behind Crypto's Largest 'Theft of All Time' Zhou wrote that users can connect their wallets to the newly launched website to help trace the stolen funds, adding that when a submission leads to funds getting frozen, a “bounty is paid upfront” as soon as assets are frozen. “We have assigned a team to dedicate to maintain and update this website, we will not stop until Lazarus or bad actors in the industry is eliminated. In the future we will open it up to other victims of Lazarus as well,” Zhou added. Currently, 6,338 addresses tied to the Lazarus group are being tracked on the website, and around $42.3 million have already been frozen, corresponding to just over 3% of the stolen assets. On Friday, the nearly $1.5 billion hack of crypto exchange Bybit rocked the crypto market and saw most digital asset prices tumbling. It was later reported that North Korea's Lazarus Group was behind the attack, which was deemed "the largest crypto theft of all time, by some margin."Read more: Bybit Loses $1.5B in Hack but Can Cover Loss, CEO Confirms
According to market analyst Linda Zheng, Binance Coin’s (BNB) year-on-year gains surpassed most top-ranking cryptocurrencies by market capitalization. BNB has experienced an uptick of over 58% since the end of February 2024, only falling short of Bitcoin’s 70% price uptrend in the same period. In a long X thread published on Tuesday, Zheng noted that since the launch of Bitcoin spot exchange-traded funds (ETFs) on January 11, 2024, BNB’s highest price rally took its price up by 161%, outperforming Bitcoin, which managed to garner a 133% uptick. Both cryptos have reached all-time high values in the last two months, of $788 and $108,780 respectively, but BNB gave investors more gains than BTC. BNB exudes resilience in bear and bull cycles Linda Zheng explained how BNB was resilient to selling pressures in recent bear and bull market cycles, as it could withstand market downturns compared to other coins, particularly Ethereum. “BNB, which has been at the forefront of the industry market value for many years, not only has a compound interest return that exceeds the return of Bitcoin, but also has a more resistant performance in the bull-bear transition cycle. If there is a myth in the crypto market that surpasses Bitcoin, then BNB must be one of the hidden winners in the myth,” she surmised. The market analyst shared data of the last bear market from 2021 to 2022, where BNB experienced a smaller maximum drawdown of 73.29%, while Bitcoin and Ethereum recorded deeper declines of 77.32% and 81.68%, respectively. BTC to BNB price rise comparison. Source: Coinmarketcap. Zheng mentioned that it only took 237 days for BNB’s price to stabilize its downward price momentum, shorter than Bitcoin’s 517-day recovery period. During 2024’s bull market cycle, BNB seemed to survive several market conditions that affected coins like Ethereum and Solana, including Grayscale’s GBTC sell-off in January, the Federal Reserve’s hawkish stance in March, and the anticipated Mt. Gox repayments in July, last year. She described the biggest bearish tests that occurred in August 2024, when a liquidity crisis pushed the crypto market into a state of high volatility. BNB experienced an 18.40% decline at the time, slightly more than Bitcoin’s 15.70% drop, but fared better than Ethereum, which is still counting losses as of today. Zheng concluded that while Bitcoin is often referred to as the “gold” of the crypto world, BNB has become more than just a transactional “fuel” the crypto community has coined it to be. “BNB is the only token with deflationary characteristics among the top ten mainstream digital assets in terms of market value. Its scarce value is better than Bitcoin.” Will the bullish trend continue? BNB’s price is currently consolidating after its rapid ascent, surviving the $590 price level drop that analysts had expected to happen by the start of this week. According to TradingView data , the token’s immediate resistance currently sits at $669, while strong support has formed at $625. The 9-day exponential moving average (EMA) at $653 acts as the coin’s short-term resistance, whereas the 200-day EMA at $625 provides a support base. The Moving Average Convergence Divergence (MACD) indicator shows bearish momentum on the daily chart, though lower timeframes could signal a possible reversal in the coming weeks. Short-term traders may prefer using the range scalping strategy of buying near $635 and selling near $655, with stop-loss levels set below $625. If volatility picks up, breakout strategies suggest going long above $670 with a target of $700, while a short position below $620 could aim for $600. Intraday traders might also watch the 9-day EMA for quick bounce trades. Looking ahead, the Binance coin remains in a “neutral but bullish” structure, though a decisive break below $625 could signal a shift in momentum toward the downside. On the upside, reclaiming the $670 level could open the door for further gains above $700. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
An Ethereum whale is sitting on $58 million in unrealized profit after shorting ether at $3,220. ith Coinglass data showing cryptocurrency liquidations exceeding $1 billion amid a fresh market crash, many traders faced massive losses. However, as Bitcoin ( BTC ) and altcoins plunged, one trader who shorted Ethereum ( ETH ) is positioned for significant gains. The whale shorted ETH with 50x leverage, taking the position as the top altcoin traded at $3,220. According to data Lookonchain shared by Lookonchain on X, the trader currently holds $58 million in unrealized profit, including funding fees. This comes as ether dropped below $2,400. On Feb. 25, the leading altcoin by market capitalization fell by double digits, reaching a low of $2,337, its weakest level since September 2024. On Feb. 3, Lookonchain highlighted another whale’s short position that yielded more than $30 million in profit. That trader also used 50x leverage, and as ether declined, their position moved into an unrealized profit. You might also like: Why is crypto down today? Trump tariffs, market volatility trigger sell-off Ethereum has faced significant downside pressure over the past few weeks, with the latest drop coinciding with increased exchange inflows. Whale Alert reported that 50,000 ether was transferred from an unknown wallet to Kraken. 🚨 🚨 🚨 🚨 🚨 50,000 #ETH (120,054,952 USD) transferred from unknown wallet to #Kraken https://t.co/Q3atVo62Pj — Whale Alert (@whale_alert) February 25, 2025 On Tuesday, on-chain data showed that BlackRock deposited 18,168 ether, worth over $44 million, to Coinbase. The asset manager also deposited 1,800 bitcoin, valued at about $160 million, to the U.S.-based exchange. Solid Intel reported the BlackRock transactions on X. INTEL: BlackRock transferred 18,168 $ETH ($43,649,458) and 1,800 $BTC ($159,470,787) to Coinbase Prime a hour ago pic.twitter.com/4qdQbZtL3b — Solid Intel 📡 (@solidintel_x) February 25, 2025 In contrast to the ETH whale who went short, Lookonchain earlier highlighted a Bitcoin whale that lost $8.8 million after going long on BTC. The trader opened a long position when bitcoin hovered around $101,663. As the flagship cryptocurrency’s price fell below $90,000, the position flipped into an $8.84 million loss on Hyperliquid. You might also like: Meme coin crash weighing on crypto, but Bitcoin will rebound: Hougan