This Week in Crypto: Market Plunge, Biggest Winners, and Must-Watch ICOs

Dear Readers,

Bitcoin dropped to a six-week low on Tuesday, falling 5.87% to $89,859, as renewed global trade tensions and a security breach at a major cryptocurrency exchange shook investor confidence. The sell-off was sparked by U.S. President Donald Trump's renewed tariff threats against Mexico and Canada, reigniting fears over global trade disputes and diminishing risk appetite.

Alongside Bitcoin's decline, Ether plunged 10.09% to $2,413, and XRP dropped 10.62% to $2.19. The global cryptocurrency market cap also saw a significant decrease, falling by 7.51% to $2.91 trillion in just one day, as the market continued to react to these developments.

Highlights Of The Week

• Crypto exchange Bybit repaid 40,000 Ether borrowed from Bitget within three days after a $1.4 billion hack disrupted Bybit on Feb. 21.

• South Korean cryptocurrency exchange Upbit received a partial business suspension from the Financial Intelligence Unit (FIU), temporarily restricting new customer transactions.

• Lawmakers in Ohio introduced a bill to prohibit the state legislature from taxing digital assets when used as a payment method.

• The US Securities and Exchange Commission acknowledged NYSE Arca's proposal on behalf of Grayscale to list and trade a spot Cardano exchange-traded fund (ETF).

• Aux Cayes FinTech, operator of cryptocurrency exchange OKX, pleaded guilty to operating an unlicensed money-transmitting business and agreed to pay over $500 million in fines to resolve the issue.

• The Dubai Financial Services Authority (DFSA) officially approved Circle’s USD Coin (USDC) and EURC stablecoins as recognized tokens under its crypto regime, marking the first stablecoins approved under the regime.

Top Weekly Gainers

Navigating the rapid and unpredictable world of cryptocurrency can be a challenge, yet experienced traders excel at uncovering the Top Weekly Gainers offering solid returns. Keeping track of market trends and price shifts helps investors capitalize on these opportunities, enhancing their investment strategies for more profitable outcomes.

Vameon (VON) has made a remarkable leap, soaring 239.20% in just the last seven days, pushing its price to $0.0003768. With a trading volume of $2.58M, VON is the utility token at the heart of the dEmpire of Vampire, a dark fantasy universe built for the mobile game by the Vameon project.

Meanwhile, Story (IP) has also seen impressive growth, climbing by 158.91% to reach a price of $5.04. With a hefty trading volume of $715.81M, Story is a Layer 1 blockchain designed to become the backbone for intellectual property (IP) on the internet. Its foundational role in the digital space is rapidly gaining recognition as more creators and businesses explore its potential.

Jewelry Token (JEWELRY) has made a strong showing as well, gaining 56.65% in the past week to hit a price of $7.55. With a trading volume of $1.33M, Jewelry Token introduces a unique marketplace that blends the excitement of gaming with real-world jewelry trading. Users can buy, sell, and trade jewelry within the platform, creating an engaging and immersive experience.

KAITO (KAITO) also made waves past week, with a 56.76% increase pushing its price to $1.83. The token, which is now available for airdrop claims on the Base network, is gearing up for its upcoming listings on major centralized exchanges like Binance and OKX. With a trading volume of $1.22B, KAITO’s strong performance highlights the growing anticipation surrounding its future.

Finally, Vana (VANA) has seen a solid 42.02% increase, bringing its price to $7.93. With a trading volume of $444.42M, Vana is an EVM-compatible Layer 1 blockchain that turns personal data into financial assets. By aggregating private datasets for AI training, Vana is setting itself up as a leader in data-driven innovation within the crypto space.

Top Weekly Losers

The unpredictable cryptocurrency market offers new stories of gains and losses every week. The Top Weekly Losers expose the ongoing struggles with regulatory changes, market instability, and media attention. However, this week presents a key opportunity for traders and investors to reevaluate their methods and aim for more favorable outcomes.

Raydium (RAY) saw a significant drop of 36.16%, with its price falling to $2.79. As an automated market maker (AMM) and liquidity provider on the Solana blockchain for the Serum decentralized exchange (DEX), Raydium has struggled this week despite its active market presence. The token's trading volume stands at $444.95M.

SUPRA (SUPRA) has plummeted by 31.49%, bringing its price down to $0.01000. SUPRA is a Layer-1 blockchain ecosystem designed to enhance interoperability and decentralization. The trading volume of the token is currently at $14.81M.

Echelon Prime (PRIME) has experienced a 30.19% decline, with its price now at $4.21. As the native token of the Echelon Prime Foundation, a Web3 ecosystem advancing the next generation of gaming, PRIME has faced downward pressure in the market. The token has a trading volume of $7.08M.

AI Companions (AIC) saw a drop of 25.69%, reducing its price to $0.2767. Focused on combining AI, VR, AR, and blockchain technologies to create the next generation of digital relationships, AIC has faced a setback past week. The token is experiencing a trading volume of 18.92M.

Lastly, Hyperliquid (HYPE) experienced a decrease of 26.29%, with its price settling at $18.70. A blockchain platform designed to enhance DeFi application performance, Hyperliquid has encountered some turbulence this past week. The current trading volume of the token amounts to $447.57M.

Hot ICOs To Watch

Active ICOs

Zephyr is currently in its public sale, which kicked off on August 19, 2024, and is set to conclude on February 26, 2025. With a fundraising goal of $110K, Zephyr is making waves as the world’s first prediction market built on the Solana blockchain. This innovative project is set to transform how predictions are made, leveraging Solana’s speed and scalability.

Meanwhile, PAIN is in the midst of its Launchpool round, which began on February 22 and will run through February 27. Already raising $38 million across its first two rounds, PAIN is capturing attention as the meme coin inspired by the viral “Hide The Pain Harold” meme.

Lastly, SOON is hosting its NFT sale, which began on January 14, 2025, and will end on February 28, 2025. With $22 million raised across three rounds, SOON is positioning itself as a high-performance SVM Rollup project. Its aim is to realize the Super Adoption Stack, providing the scalability and efficiency necessary for blockchain networks to thrive.

Upcoming ICOs

The StrikeBit AI ICO is set to begin on February 25 and will run through February 27, with a fundraising goal of $120K. StrikeBit is set to redefine crypto trading by integrating AI agents, offering a smarter, more efficient way to navigate the markets and giving traders a competitive edge through the power of artificial intelligence.

Following that, Agentwood will launch its IDO on Polkastarter from March 3 to March 4, with a fundraising target of $150K. Agentwood is a cutting-edge platform that merges artificial intelligence with community-driven collaboration, unlocking the creative potential of film production.

Lastly, BitSwapix will begin its presale on March 15, 2025, with an end date still to be announced. Having already raised $2 million in its previous two rounds, BitSwapix is poised to be the next-generation cryptocurrency exchange. With a focus on a user-friendly design coupled with top-tier security and privacy, BitSwapix aims to create a seamless and secure trading experience for its users.

Ended ICOs

The Stabble ICO wrapped up on February 24, having raised $3.03 million across six rounds. Stabble is a Solana-native decentralized exchange that operates using the automated market maker (AMM) conversion function, a model initially popularized by the Uniswap protocol. This project aims to bring efficient, decentralized trading to the Solana blockchain.

Similarly, ChirpPad concluded its sale on February 21, securing $160K across five rounds. ChirpPad is a SocialFi launchpad that features a deflationary token model, combining funding mechanisms with a unique protocol for social monitoring. It’s designed to create a more engaging and sustainable ecosystem for social finance projects.

Lastly, Rivalz Network also ended its ICO on February 21, raising $14.3 million in three rounds. Rivalz is working on the World Abstraction Layer, a project aimed at unlocking real-world access for AI agents. By bridging the gap between AI and reality, Rivalz is positioning itself at the forefront of AI development and its integration into everyday life.

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Best Regards,
Crypto Recorder Team

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