Feb 26, 2025

BTC must top $90.2K to end the current slump

Market overview

BTC's market dominance is at 61.02%, which has decreased compared to before the recent drop, indicating some resistance from altcoins. The TOTAL3, which gauges altcoin performance, briefly dipped to $770 billion, meeting the requirements for a pullback, and has now rebounded to $826 billion. The market is paying close attention to the movement of altcoins going forward.

The key support level remains around the middle line of this round of the upward trend ($81,000-$82,000). BTC will need to break and stabilize above $90,290 for the current correction to be possibly over.

BTC continued to set new short-term lows yesterday, dropping to $86,050.

Key events

Ethena, a decentralized protocol on Ethereum, has deployed on Aptos, with sENA receiving a 5% token allocation from Echelon.
Adeniyi, the founder of Mysten Labs, has announced that Sui will launch an on-chain privacy communication feature.
Blockchain platform Fetch.ai has partnered with ASI Alliance will launch a Web3-native large language model, ASI-1 Mini.
Nasdaq has filed a 19b-4 application for the Grayscale DOT ETF.
Immutable co-founder Robbie Ferguson has announced that Tokyo Beast, the third game built on Immutable, is supported by billions of dollars.
Cross-chain trading protocol Chainflip is implementing an emergency software upgrade to prevent hackers from moving funds stolen in the $1.4 billion Bybit exploit.
Berachain Foundation has launched the first phase of governance, with liquidity incentive proposals open for submission.
The mainnet of the modular blockchain network Hemi will go live on March 12, integrating the Bitcoin and Ethereum ecosystems.
AI-driven asset management and investment research platform SoSoValue has launched second-quarter SSI token staking and SOSO Boost features, with 6.72 million tokens staked within two hours.

Hot projects

Token		Description	Market Cap ($)
	DOGEAI Musk-related concept	DOGEai is an autonomous AI agent that aims to uncover waste and inefficiency in government spending and policy decisions. It presents a dashboard that compares spending across two different administrations.	25M
	SWPX Sonic ecosystem project	SwapX is a decentralized exchange (DEX) built on the Sonic ecosystem, utilizing the ve(3,3) model. It currently has over $50 million in total value locked (TVL) and a trading volume exceeding $690 million.	39M
	ELON4AFD Musk concept	Elon4AfD is the first memecoin bridging the influence of Elon Musk with German politics. Its goal is to save Germany and Europe, join Musk's journey to Mars, and fight for the freedom of Earth. The token is 100% community-distributed. $30.50 million	31M
	CHILLGUY Viral meme character	Chill Guy's IP features a dog wearing jeans with its hands in its pockets, exuding a calm and relaxed vibe. The community hosted a TikTok meme event, where users integrated Chill Guy’s original image into various other pictures. This has led to strong viral potential within the community. $34.49 million	35M
	PIN RWA concept	PinLink is the first DePIN platform for tokenizing Real-World Assets (RWA), focused on reducing costs for AI developers and creating new income streams for DePIN asset owners. Initially, it targets providing GPUs for AI developers and blockchain miners, as well as cloud computing resources for app/dApp developers. Plans include expanding into IoT applications and wireless network capacity.	78M

BTC ecosystem overview

BTC Mainnet & Fractal Bitcoin Gas Fees remain at 4 sat/byte (due to low activity) ⚡.
Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI: $11.38 (+9.69%)
DOG: $0.0022 (-0.66%)
FB: $1.14 (-0.12%)

Exchange updates

Bybit has launched a bounty site for the Lazarus hacker group, offering a 10% reward on recovered funds, and has registered with Indian regulators to resume full trading services.
Binance will launch RedStone (RED) in Launchpool and pre-market trading on February 28 and has introduced a pre-market trading mechanism with an upward circuit breaker, where the highest trading price within 72 hours before the market opens cannot exceed a certain percentage of the opening price.
Upbit has listed COW/KRW, COW/BTC, and COW/USDT trading pairs.
Coinbase International will list VIRTUAL/USDT, KAITO/USDT, and Base/USDT perpetual contracts on February 27.

Industry landscape

Crypto asset management firm Bitwise has completed a $70 million equity raise, led by Electric Capital.
Mavryk Dynamics, the team behind the Mavryk Network, has completed a $5.2 million funding round, led by Ghaf Capital.
Memes Lab, a platform bridging SocialFi and memecoins, has raised $2.3 million in the seed funding round, led by Lemniscap.
US SEC may redefine cryptocurrency attributes, with the Ripple case being a key indicator.
US SEC ends its investigation into Uniswap Labs without taking enforcement action.

Emerging projects

Token	FU	Toly	XPi
Description	Solana-based Meme Coin This meme coin on Solana is inspired by an Elon Musk joke about a unicorn farting.	The leading project on the Solana platform's Time.fun is a coin launched by Solana co-founder Toly, where holding a certain amount of tokens allows users to purchase time with Toly himself for direct communication.	Meme Coin on Solana Blockchain The concept behind this meme coin is to initially create a meme coin for Pi Network, with plans to migrate it to the Pi mainnet once it's live and supported.
Price	$0.009240	$93.83	$0.00658
Market Cap	8.3 million	9.38 million	6.58 million
Token Holders	2,81	8,494	24,417

Token	SWPx	DIME	OI
Description	A Dex on the Sonic chain that offers centralized liquidity management, using the ve(3,3) token model, and won at the Sonic hackathon "Sonic Boom."	A project on Base with the concept of tokenizing content, but currently very little information is available. The first tweet was only posted on February 25, and the official website lacks any textual explanation. However, Jesse, the head of the Base ecosystem, is tracking the project.	An AI token on Solana, to create an AI-driven community that focuses on investment and AI innovation research.
Price	$0.7209	$0.0(4)4529	$176.15M
Market Cap	3.85 million	4.50 million	176 million
Token Holders	2,940	12,569	92,712

Disclaimer

The development and market cap of stablecoins mentioned in the above content are speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments.

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