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Bitcoinist
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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.
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