Neiro has experienced a strong upward momentum hiking 15% over the past day defying crypto market trend.
Solana (SOL) has plummeted 50% in almost a straight line over the past five weeks, a decline that coincides with heightened market volatility, speculative frenzy in memecoins, and looming sell pressure from the upcoming FTX estate unlock. Crypto asset manager Travis Kling, founder of Ikigai Asset Management, has drawn attention to the broader implications of the sell-off, warning that the once-thriving investment thesis of “owning the casino” may be unraveling in real-time. “Solana Is Like A Fentanyl-Laced Casino” A significant catalyst behind Solana’s decline is the anticipated March 1 unlock of 11.2 million SOL held by the FTX estate. The event is expected to introduce substantial sell pressure, with market participants speculating that a significant portion of these tokens will be sold via over-the-counter (OTC) transactions at a discount to the time-weighted average price (TWAP). “It would not be surprising at all if many of those 11.2 million SOL were going to be sold in bulk via OTC,” Kling noted in a recent post on X. “And that the price for that sale would be calculated as a discount to TWAP, and that TWAP period would be going on right now. So buyers are incentivized for price to be lower.” The selling pressure from these unlocks is exacerbated by the fact that buyers of FTX-locked SOL are sitting on unrealized profits despite the recent correction. Many of these holders may now be looking to hedge their positions or take profits in anticipation of increased liquidity. Beyond the FTX overhang, Kling highlighted memecoin speculation as a destabilizing force within Solana’s ecosystem. The timing of SOL’s price peak coincided “EXACTLY with the launch and collapse of TRUMP and MELANIA,” referencing the explosive rise and subsequent implosion of politically-themed memecoins. Kling further pointed to a series of high-profile memecoin launches—including Central African Republic , Changpeng Zhao’s dog, Dave Portnoy’s token, and the Javier Milei-inspired coin —as evidence of a broader unsustainable frenzy. “Well, over the last five weeks, we got TRUMP/MELANIA. Then Central African Republic. Then Changpeng’s dog. Then Dave Portnoy. And then the Javier Milei crescendo. So obviously, ridiculously extractive. Pointless. Nihilistic. Embarrassing. All bad. No good.” This heightened speculation has led Kling to question whether the long-standing thesis of “owning the casino”—a phrase often used to describe institutional demand for Solana as a high-throughput blockchain catering to speculative trading—remains valid. For nearly two years, institutional investors and high-net-worth individuals have been pitched the idea that Solana represents the “casino” of crypto, where the bulk of trading activity and on-chain speculation occurs. However, Kling now believes this narrative is undergoing a fundamental shift. “So what you may be seeing in real-time is a dismantling and unraveling of this investment thesis to ‘own the casino.’ The casino is too damaging to its customers. The games the casino empowers are quite literally killing the customers.” He reinforced his analogy with a stark comparison: “Imagine a casino that puts just a pinch of fentanyl in every cocktail. Short term, this looks like a great strategy. Customers can’t stay away! But pretty quickly you start losing customers. Soon, it’s just fent dealers and a few zombies left. Wanna own THAT casino?” Despite the current market turbulence, Kling noted a potential bullish catalyst on the horizon: the approval of spot Solana ETFs. While timelines remain uncertain, he suggested that demand for a spot SOL ETF could exceed that of Ethereum’s (ETH)—at least based on investor sentiment two months ago. “Spot SOL ETFs should be coming pretty soon. Maybe in the next 1-3 months. Maybe 6. Maybe year-end on the longer side. IDK. But pretty soon,” he wrote. However, institutional sentiment may now be shifting in real-time. The extent to which the “casino” thesis has eroded, combined with ongoing regulatory uncertainty surrounding Solana-based financial products, could impact the actual demand for a spot ETF once launched. At press time, SOL traded at $140.
The $IP token for the recently launched AI-integrated intellectual property management blockchain, Story, is still one of the most robust cryptocurrencies amidst today’s market-wide crash. The biggest cryptocurrency, the $1.7 billion cap Bitcoin ($BTC) , only dipped 2.2% overnight, although it’s now trading just north of $86,000, which is almost half its projected 2025 price target of $160,000 . As the $2.97 trillion cryptocurrency industry took a 4.2% hit in the last 24 hours, Story’s $IP token also dipped a comparable amount. Its price fell 5.9% overnight to trade at $6.22 as of this writing. Story Price Performance and Market Support Overnight performance, however, doesn’t tell the whole story here, pardon the pun. Despite being just two weeks old, Story’s $IP has already surged an astonishing 206% since its debut and nearly 90% since last Thursday. Story brings intellectual property on-chain, tokenizing it within an AI-powered ecosystem where it can be programmed with usage terms, royalty agreements, or any other smart contract-based arrangement. Since launching on February 13, Story has seen steady support, as evidenced by its diagonal green trendline. The token holds strong at $2 and $4 but faced tough resistance at $7, failing to sustain that level. Last night, it briefly hit an all-time high of $7.31 before pulling back 14.5%. Source: TradingView Story’s Relative Strength Index ($RSI) is 41 and falling, which indicates some ongoing profit-taking from last night. Should the wider market stabilize by tomorrow, Story may hold the fort on or around its current level, priming it for the next leg higher. Traders Hedge Their Plays on Story’s $IP with Best Wallet Presale With anticipation mounting for the new US administration to finally deliver long-awaited regulatory clarity, many believe 2025 could mark the start of a cleaner, more structured golden age of crypto. This optimism helps explain the overwhelming success of Story’s $IP token launch—one of many strong use cases proving that smart money is flowing into projects with real fundamentals. At the forefront of this shift is the ICO for Best Wallet’s native utility token, $BEST . ositioned as a next-generation cryptocurrency wallet, analysts suggest it could challenge industry giants like Trust Wallet and MetaMask. More than just a self-custody solution, Best Wallet offers a full suite of investor-friendly tools designed to help users stay ahead in an evolving market. $10M raised and Best Wallet keeps growing! Holding $BEST isn’t just about being part of the fastest-growing crypto wallet. It comes with real advantages that put you ahead of the game: Exclusive Airdrop Rewards Alpha on The Hottest New Tokens Total Control in One… pic.twitter.com/mRJp7jorsG — Best Wallet (@BestWalletHQ) February 17, 2025 Much of the hype is about the wallet’s “Upcoming Tokens” tool, which selects the most promising crypto projects, often while still in their ICO phases, allowing Best Wallet users to make moves before everyone else. Additionally, it highlights all the most rewarding staking opportunities to optimize the earning potential of your portfolio. The Best Wallet app is on Google Play and the Apple Store and currently supports over 1,000 cryptocurrencies, including Tether and TRON. It utilizes Fireblocks’ MPC-CMP encryption to keep user assets safe. $BEST is currently $0.0239, but this will rise by a fraction as the presale progresses through to the next round in a little over 24 hours. All this has helped the new Best Wallet presale to raise over $10.6 million to date. Follow Best Wallet on X and Telegram . The post Story ($IP) Defies Market Crash – Can It Keep Surging After a 90% Jump? appeared first on Cryptonews .
Bitcoin dropped to $85,000 as markets reacted to U.S. President Donald Trump’s confirmation that new tariffs on Canada and Mexico will take effect ...
Bitcoin just experienced its largest sell-off of 2025, breaking below the critical $90K support level and plunging to a low of $82K before rebounding slightly to $86K. Despite this partial recovery, the broader market sentiment remains decisively bearish, with traders wary of further downside risks. In total, investors offloaded approximately 79.3K BTC during this sharp downturn, intensifying the selling pressure. Even more concerning, many of these positions were exited at a loss, signaling a wave of panic selling rather than calculated profit-taking. This suggests that fear and uncertainty are driving the market, raising questions about whether Bitcoin has found a short-term bottom or if further declines are ahead. What’s Next for Bitcoin – Through the Lens of Technical Analysis The biggest piece of positive news for Bitcoin supporters is that it’s currently finding support on the 200 Exponential Moving Average (EMA). This is a key technical level that often acts as a strong support zone during market corrections. If Bitcoin holds above it, it could signal a potential trend reversal or at least a temporary stabilization, preventing further downside. However, if it breaks below this level, it may trigger another wave of selling pressure, reinforcing the current bearish sentiment. Although a sudden bounce on the 200 EMA doesn’t look very likely (because of the macroeconomic conditions), we can certainly expect the EMA to flatten out at this point and become a trampoline for $BTC. In the first half of 2024, $BTC exhibited almost the exact same behavior as right now. It found resistance at the top, fell all the way down to the 200 EMA, tested it multiple times (notice how the EMA flattened out), and then used it as a launchpad to reach new highs. As technical analysts say, history repeats itself. So, this is very assuring news. While all this is happening, though, you could invest in a few presales that are more or less immune to the current market volatility. Additionally, while you wait for them to get listed (hopefully, the market’s bullish again by then), you’ll be able to put your money to work thanks to staking. To get you started on the right foot, we’ve compiled a list of the best crypto presales in 2025. 1. Meme Index ($MEMEX) – A Fresh Approach to Investing in Meme Coins During market corrections like this, high-potential tokens may be available at a discount. However, it’s crucial to avoid letting greed drive your investment decisions. A cautious, strategic approach is key, especially when the market isn’t signaling strong bullish momentum. That’s why we believe Meme Index ( $MEMEX) is the best crypto to buy right now . It’s designed to revolutionize crypto investing by providing a more diversified and lower-risk way to gain exposure to meme coins. Its team of experts has curated four distinct baskets of meme coins, offering investors a structured and balanced approach to this high-volatility sector. Each of these carries a different amount of risk, volatility, and profit potential. So, you can pick one that suits your investing approach and risk appetite. Another reason we’ve put $MEMEX at the top of our list is its massive staking rewards. In addition to enormous gains upon listing, early adopters can also earn a sizable passive income by staking their purchased tokens. It’s worth noting that $MEMEX’s 588% APY is one of the highest staking rewards in the entire industry. Speaking of buying $MEMEX , you can do so by paying just $0.0166218 per token. The project is currently in presale, where it has already raised over $3.8M. 2. MIND of Pepe ($MIND) – Autonomous Self-Evolving AI Agent Tackling Information Overload MIND of Pepe ($MIND) , like Meme Index, is focused on changing the way people think about crypto investing. It’s a new meme coin project combining two revolutionary technologies: artificial intelligence and crypto. An autonomous and self-evolving AI agent , $MIND will interact with crypto folks online and grasp their unique biases and opinions on various cryptos. Next, it will analyze thousands of pieces of such data, cut through the clutter, and identify the next cryptos to explode. Only $MIND holders will have access to this powerful AI’s otherworldly capabilities. MIND of Pepe sets itself apart from most crypto presales with its exceptionally high staking rewards. Investors who stake their purchased tokens to support blockchain operations can earn an impressive 328% APY, making it one of the most lucrative opportunities in the space. Now’s probably the best time to join the ‘$MIND Army.’ The presale, which has close to $7M in its kitty at the time of writing, is currently live. This means tokens are available at some of their lowest prices ever. Just $0.0034128 per $MIND. Oh, and in case you’re wondering – here’s how you can buy $MIND . 3. Rexas Finance ($RXS) – Futuristic Crypto Project Tokenizing Real-World Assets Crypto adoption is undoubtedly going to reach new milestones in the coming months. And Rexas Finance is one of the earliest signs of what’s in store. It’s a unique project that allows token holders to tokenize any real-world asset. This includes gold, art, commodities, and even real estate. Thanks to its refreshing appeal, Rexas Finance has become one of the biggest presales on the market right now. It has amassed over $46M so far, and 1 $RXS is currently available for just $0.20. Moreover, the project has attracted both retail and institutional investors. Whales, for instance, executed a couple of large investments into $RXS ( $179K and $158K ) in the month of January. Conclusion To sum things up, we’d like to reiterate that a market sell-off, while nerve-wracking, isn’t necessarily a bad thing. Remember, a runner needs to rest in between sprints. However, what the current market conditions do mean is that you’ll have to be smart with your investments. $MEMEX and $MIND , for instance, are both unique and less risky investing prospects with massive upsides. Last but not least, none of the above is meant to replace financial advice from a professional. We urge you to do your own research before investing.
Bitcoin’s price plunged below $90,000 immediately after US President Donald Trump announced his planned 25% tariffs on Canada and Mexico. During periods of high volatility, investors tend to liquidate crypto assets first to cut down on their overall financial risk. Amidst increasing concerns of a steeper decline, the latest data depicts a notable shift in Bitcoin whale and shark activity. Investors Dump Millions in BTC According to the data shared by Santiment, wallets holding 10 or more BTC have collectively offloaded approximately 6,813 BTC over the past week, representing the largest drop in holdings since July. This also coincided with a 16% decline in Bitcoin’s price, which was observed in the last seven days. The on-chain platform found a direct correlation between the selling pressure from these large holders and the broader market correction. Historically, accumulation by this group has signaled potential price recoveries, which makes their future buying behavior a key indicator for traders anticipating market rebounds. Bitcoin continues to trade in line with risk assets, and continued spot BTC ETF outflows, with February 26th recording over $744 million, confirming a “lack of conviction.” As market sentiment remained strained, experts suggest that Bitcoin is at the risk of revisiting the $70,000 level. MVRV Data Suggests Otherwise Despite intense uncertainty in the short term, Assure DeFi CEO and crypto analyst Chapo has reaffirmed his bullish outlook on Bitcoin, citing the Market Value to Realized Value (MVRV) Ratio as a key indicator of market cycles. In his latest tweet , Chapo highlighted the importance of removing emotions and focusing on data when analyzing BTC’s price movements. Currently, Bitcoin’s MVRV sits at 2.09, which indicates that the average BTC holder has more than doubled their investment. Historically, MVRV spikes sharply at market tops, signaling peak profit-taking levels. Chapo predicted a peak MVRV of 3.2 this cycle, which suggests that 2025 will remain bullish before a potential market top. He advised traders to closely monitor MVRV, as it has been highly accurate in identifying both market tops and optimal buying opportunities in past cycles. The post Bitcoin Whales Offload 6,813 BTC as Selling Pressure Mounts appeared first on CryptoPotato .
Ripple’s latest stablecoin minting emphasizes its growing influence in the blockchain payments sector. The recent addition of 3.1 million RLUSD into circulation signifies a strategic move that reflects Ripple’s commitment
Binance's warning comes as security risks rise in crypto space
The MEME Act highlights growing concerns over political figures leveraging digital assets for personal gain, risking conflicts of interest. The post TRUMP meme coin under attack as House Democrats push for MEME Act appeared first on Crypto Briefing .
THORChain Sees All-Time Swap Volume Crosschain swap decentralized protocol THORChain has seen an incredible spike in transaction volume following the hacking of crypto exchange Bybit for $1.4 billion. On February 26, THORChain processed an all-time-high of $859.61 million in swaps, according to THORChain Explorer. The streak continued on February 27 by adding another $210 million and pushing total swap volume past $1 billion within less than 48 hours. The North Korean state-sponsored Lazarus Group hacking group has been known to convert the stolen cryptocurrencies into Bitcoin in order to cover their origin. Laundering Tactics Concerns Blockchain analysts have observed Lazarus-linked funds moving through decentralized exchanges to avoid detection. THORChain’s heightened activity has triggered warnings of likely misuse. THORChain halted Bitcoin and Ethereum lending last month after accumulating $200 million in debt, prompting a proposal for debt restructuring. However, its swapping feature remains active, raising concerns over unauthorized transactions. THORChain Developers Silence Criticism Nine Realms creator “Pluto,” a principal THORChain developer , confirmed that criminal funds had passed through the protocol. However, he claimed that measures have been implemented to allow wallet and integration partners to block out transactions. Pluto argued that the decentralized nature of THORChain cannot be blamed for users’ actions. In the meantime, THORChain’s native token RUNE has increased 36.6% in the past week, reflecting increasing demand. Bybit Tracks Stolen Funds, Names Uncooperative Platform Bybit released a webpage to track its missing money and put a bounty on assistance in freezing it. On Feb. 27, the website had designated seven cooperative exchanges and one noncooperative platform, eXch, a no-KYC exchange service that refused to freeze funds associated with the hack. eXch rejected facilitating North Korea’s money laundering. Researchers such as blockchain researcher ZachXBT and the FBI verified that Lazarus Group had carried out the February 21 hack. Sygnia and Verichains’ reports showed that hackers had stolen SafeWallet developer credentials, injecting malicious JavaScript into AWS infrastructure to deceive signers into signing fake transactions. SafeWallet has revamped its security architecture and rotated credentials to prevent future breaches. Chainflip Makes Move to Block Bybit Hackers Cross-chain DEX Chainflip is rolling out an upgrade to block hackers behind Bybit’s $1.4 billion exploit from washing money on its exchange. “The general consensus within the Chainflip community is that suspicious flows are too high-risk for liquidity providers,” the team stated. The upcoming 1.7.10 upgrade will include enhanced screening tools, which will allow broker operators like SwapKit and Rango DEX to block suspect ETH and ERC-20 deposits. Biggest Crypto Heist in History The Bybit hack of February 21 is officially the biggest crypto heist in history. Bybit’s multi-signature approval process was exploited by the hackers by disguising a user interface to conceal a maliciously crafted smart contract, which ultimately drained a significant portion of the exchange’s Ethereum reserves. With investigations continuing, pressure is growing on the industry to strengthen security controls and keep decentralized protocols from being used as safe havens for stolen assets.