Author: Yeek.io

Journalist Posted: February 25, 2025 PEPE has dropped back to its November 2024 price levels, now trading at $0.000009235. A new wallet just opened a 250 billion PEPE position worth $2.31M around the historical level. The entire market continues to see an extended correction, but memecoins have faced the roughest time compared to other cryptocurrencies. Pepe [PEPE] has not being an exception to this decline. PEPE’s price has dropped back to its November 2024 price levels, now trading around $0.00000890 after a prolonged sell-off from its December highs near $0.00002800. PEPE is currently hovering just above the critical sell-side liquidity…

Coinbase CEO Brian Armstrong says that memecoins are the canary in the coal mine, foreshadowing a broader trend of the tokenization of culture. In a new interview with CNBC, Armstrong says he expects memecoins to eventually lead to the tokenization of identities, votes and art. “Memecoins in the broadest sense, I think we should find a way for artists to get paid. Anyone should be able to put artwork and get paid for it. I do think memecoins are a canary in the coal mine, that more and more of the world is going to get tokenized and put on-chain.…

American investor Steve Weiss has further reduced his Bitcoin exposure due to the asset’s range-bound price movement. Speaking as a contributor on CNBC’s “Halftime Report,” Weiss revealed another round of profit-taking from his Bitcoin (BTC) position via BlackRock’s spot exchange-traded fund, as financial markets navigate macro-driven volatility. Weiss, founder and managing partner of Short Hills Capital Partners, said he cut his Bitcoin exposure by an additional 10%, following last week’s 20% sell-off. The size of his position remains unclear, but he previously described his Bitcoin investment as a “positive trade.” The investor cited uncertainty in financial markets, likely due to…

Este artículo también está disponible en español. In a technical chart shared today, crypto analyst Koroush Khaneghah, Founder of Zero Complexity Trading, underscores Solana’s ongoing downtrend, highlighting pivotal support and resistance levels on the SOL/USDT Perpetual (Binance) daily timeframe. According to the chart, Solana has lost several key zones and is currently hovering near the $157 area—what Khaneghah labels as the “last major support level.” The Bearish Argument For Solana “The downtrend continues as SOL gets rejected by another S/R flip and crashes down to the $150 level. Sentiment at an all-time low. Assume continuation until proven otherwise,” Khaneghah writes…

Political memecoins have become a recurring trend in the crypto market. They follow a familiar cycle: an initial surge driven by hype, followed by a steep decline. Many investors jump in early, hoping for quick profits, but most see their holdings collapse in value. Melania Meme Coin: A Brief Surge In relation to former First Lady Melania Trump, the Melania Meme coin peaked at $7.8 billion. But the thrill was short-lived because the coin’s value plummeted, wiping off nearly all of its profits. The rapid decline highlights the highly speculative nature of political memecoins. Source: CoinGecko Official Trump Coin: A…

Brevan Howard Digital and Haun Ventures backed real-world assets platform Plume Network and Music Protocol, a tokenized real-world music assets protocol, have teamed up to redefine music tokenization and monetization. Plume and Music Protocol announced their collaboration on Feb. 24. The partnership will enable the music royalties tokenization platform to leverage Plume Network’s modular blockchain to bring music intellectual property on-chain.  With Music Protocol aiming to transform ownership in the music industry through the RWA space, Plume’s purpose-built blockchain could play a crucial role. The partners noted in an announcement that by working together, they could unlock new opportunities for…

Journalist Posted: February 24, 2025 Sonic saw a 46% volume drop on the day as prices retraced from $0.99. The retest of $0.8 and $0.73 as support should likely be followed by another price move higher. Sonic [S] (prev. FTM) has shown bullish strength over the past two weeks. It has reversed its early February losses and was pushing toward $1. At press time, the $0.8 level was being retested as support. It was likely that the bulls would defend this level. The momentum and the volume signaled it was a buyer’s market. Sonic is set to continue the uptrend Source:…

Bitcoin is trading below the $100,000 mark, with bulls unable to reclaim this key level for over three weeks. The price has remained above critical demand zones, but market uncertainty and volatility continue to weigh on sentiment. Investors are growing impatient, as BTC’s price action has remained indecisive, fluctuating between attempts to break above supply and risks of a deeper correction. Crucial data from Glassnode reveals that Bitcoin’s Short-Term Holder Spent Output Profit Ratio (STH-SOPR) on a 7-day Simple Moving Average (SMA) is once again testing the breakeven level at 1.0. This indicator measures whether short-term holders are selling at…

Este artículo también está disponible en español. Robert Kiyosaki, a popular author and Bitcoin supporter, is back in the headlines after claiming that Bitcoin can hit $13 million. The author of “Rich Dad Poor Dad” made his prediction after Strategy’s Michael Saylor’s podcast interview last November made the rounds online. Related Reading In a podcast last November, podcaster Patrick Bet-David offered a hypothetical question on price action and market cap for Bitcoin. He said that if adoption increases from 0.1% to 7%, reflecting a 700x price surge, can Bitcoin also hit $13 million from its current $90k pricing? Saylor agreed…

Binance founder Changpeng Zhao (CZ) has revealed the breakdown of his crypto investment portfolio, showing one asset is by far his largest holding. According to a new post on Binance Square, 98.48% of Zhao’s crypto portfolio is in BNB, the native asset of Binance. His portfolio also consists of 1.32% Bitcoin (BTC) as well as two stablecoins, 0.17% EURI and 0.03% USDT. Zhao revealed his portfolio using Binance Square’s new feature that allows users to share their trading portfolio. “Binance Square is enhancing transparency with its latest feature, Trader Profile, enabling users to publicly share their crypto portfolio allocation. Binance…