Week of Feb 16, 2025 - Feb 22, 2025
The altcoin market experienced significant fluctuations during the week of February 16 to February 22, 2025. A major event impacting the market was the $1.5 billion security breach of the Bybit exchange, which undermined investor confidence and led to a market-wide sell-off. Additionally, the U.S. Securities and Exchange Commission (SEC) dismissed its lawsuit against Coinbase, signaling a potential shift towards a more favorable regulatory environment for cryptocurrencies. These events, coupled with macroeconomic concerns such as the Dow Jones Industrial Average experiencing its worst week since 2023, contributed to the observed volatility in the altcoin sector. zerocap.com, investopedia.com
📈 Biggest Winners of the Week:
Story (IP):
Opening Price: $2.50Closing Price: $6.25
Percentage Change: +150%
Reason for Surge: The significant price increase is attributed to a successful platform upgrade and the announcement of new partnerships, enhancing user engagement and investor interest. coin360.com
Sonic (S):
Opening Price: $0.80Closing Price: $1.31
Percentage Change: +63.75%
Reason for Surge: Rebranding from its previous name, FTM, and launching innovative features in its ecosystem attracted positive attention from the crypto community. coin360.com
Maker (MKR):
Opening Price: $750Closing Price: $1,140
Percentage Change: +52%
Reason for Surge: Increased demand for decentralized finance (DeFi) solutions and MakerDAO's strategic partnerships bolstered investor confidence. coin360.com
📉 Biggest Losers of the Week:
Opening Price: $0.50
Closing Price: $0.385
Percentage Change: -23%
Reason for Decline: Negative media coverage and controversies surrounding the token led to a decrease in investor trust. coin360.com
Raydium (RAY):
Opening Price: $1.40
Closing Price: $1.15
Percentage Change: -17.85%
Reason for Decline: Technical issues within the Raydium protocol and a broader market downturn contributed to its price drop. coin360.com
Opening Price: $0.20
Closing Price: $0.17
Percentage Change: -15%
Reason for Decline: Lack of significant project updates and reduced trading volume led to decreased investor interest. coin360.com
