menu
techminis

A naukri.com initiative

google-web-stories
source image

Bitcoinist

1w

read

293

img
dot

Image Credit: Bitcoinist

Crypto Market in Full Bear Mode After the $1.4B Bybit Hack. The Best Meme Coins to Lock in Now

  • The $1.5B Bybit hack by the North Korean group Lazarus could boost meme coins in 2025.
  • Hackers used malware in the Bybit hack to display a fake UI, impacting the human element more than Bybit’s security.
  • After laundering 499K ETH, causing a market drop, crypto market crashed with Bitcoin falling below 83K.
  • DeFi exchanges like Chainflip and THORChain were affected as hackers funneled assets through their platforms.
  • THORChain recorded record trading volumes post-hack, elevating $RUNE by 33% between Feb 21 and 26.
  • Criticism was directed at both Chainflip and THORChain for how they handled the aftermath of the hack.
  • While the crypto market is slowly recovering, it is still in a bearish phase, prompting investment in new projects.
  • Promising meme coins during this downturn include BTC Bull Token, MIND of Pepe, and Dogecoin.
  • BTC Bull Token supports Bitcoin's performance with mechanisms like airdrops and token burn events.
  • MIND of Pepe is an AI entity driving crypto conversation and offering insights into trends with a high APY for stakers.
  • Dogecoin, a meme coin, has gained popularity with its fired-up fanbase and has various use cases in online stores.

Read Full Article

like

17 Likes

For uninterrupted reading, download the app