Market
The Altcoins Trending Today – SOL, BERA and SHADOW
The crypto market has resumed its downtrend, shedding $40 billion in market capitalization over the past 24 hours.
Amid the broader sell-off, some altcoins have stood out as the most searched assets over the past day. They include Solana (SOL), Berachain (BERA), and Shadow (SHADOW).
Solana (SOL)
Solana is a trending altcoin, extending its price decline for another consecutive day. Trading at a year-to-date low of $158.88 at press time, SOL price is down almost 10% in the past 24 hours.
SOL’s decline has pushed its price below a long-term ascending parallel channel for the first time since June 2023. This channel forms when an asset’s price consistently moves between two upward-sloping parallel trendlines, signaling a buy trend.
However, SOL’s break below this pattern confirms rising selling pressure, potentially leading to further declines if the asset fails to reclaim the channel. In this scenario, the altcoin’s price could drop to $136.62.
Conversely, if coin accumulation resumes, it could drive SOL’s value up to $220.58.
Berachain (BERA)
Layer-1 (L1) coin BERA is another asset trending today. As of this writing, it trades at $6.94, down 5% over the past 24 hours.
However, a look at its performance on an hourly chart reveals a steady uptick in BERA’s demand, hinting at a potential rebound in the near term. For example, its Relative Strength Index (RSI) has broken above the center line and is in an upward trend at press time.
This indicator measures an asset’s oversold and overbought market conditions. When set up this way, it signals a potential shift toward stronger buying pressure. This suggests that BERA buyers are gaining control, increasing the likelihood of a price rebound. In this case, BERA’s price could climb to $8.62 and rally toward its all-time high of $15.50.
On the other hand, if the decline continues, the coin’s price could fall to $5.44.
Shadow (SHADOW)
SHADOW has bucked the broader market trend, climbing by 34% over the past day. It trades at $160.27 at press time and is poised to extend these gains.
The token’s rising on-balance volume (OBV) on its hourly chart supports this bullish outlook. This momentum indicator measures an asset’s cumulative buying and selling pressure by adding volume on up days and subtracting volume on down days.
When it climbs, it indicates strong buying interest. This suggests that SHADOW’s price may continue to rise as demand increases. If this happens, it could break above the resistance at $162.44 to reach $210.55.
However, SHADOW could lose recent gains and fall to $132.68 if demand stalls.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
OKX announced today that it reached a settlement with the US Department of Justice (DoJ), closing previous investigations. It pled guilty to several charges and will pay over $504 million.
The exchange depicted this settlement as a casual misunderstanding, but the DoJ’s own press release referred to its “flagrant violations” and “blatant disregard.”
OKX Settles with the DoJ
OKX, one of the world’s leading crypto exchanges, has been clearing house on its global regulatory compliance issues. On one hand, it secured a MiCA license for EU operations last week. Now, the exchange is progressing towards new compliance in the US, announcing a settlement with the DoJ:
“We cooperated with the US Department of Justice in their thorough investigation of our business. We had a small percentage of customers who were able to use our international services due to historical compliance gaps. Today our compliance controls are among the leading in the industry. This matter is now behind us,” the firm claimed on social media.
According to the announcement, the exchange acknowledged that it allowed some US customers to trade on its platforms without proper licensing. OKX agreed to pay a fine of $84 million and forfeit $421 million in user fees. This concludes a saga of year-long investigations into the firm.
The US government’s financial regulatory apparatus is changing its attitude towards crypto, but frictions remain. The DoJ itself emphasized that the firm pled guilty to serious offenses. Quoting various officials, the DoJ referred to OKX’s “flagrant violations” and “blatant disregard” in its conduct.
It seems that the DOJ’s attitude towards the crypto industry will remain distinct from other federal regulators. In the last week alone, the SEC dropped a major lawsuit against Coinbase and quietly dismissed a probe into Robinhood’s potential misconduct. It also ended an investigation against NFT marketplace OpenSea.
OKX’s settlement involves an actual fine and guilty plea, which is more than these institutions can claim.
Nonetheless, OKX should be quite pleased with this settlement. It earned over $1.5 billion in revenue last year, and it has substantial asset holdings and trade volumes.
Although $504 million is a hefty price to pay, it is a worthwhile fee to regain the US regulator’s good graces.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Citadel Securities, one of the world’s largest market makers, is planning to jump into the crypto space. The firm plans to become a major liquidity provider for the industry, cooperating with leading exchanges.
However, rank-and-file traders have an intense dislike of Citadel due to its manipulation in the GameStop short squeeze. As this situation develops, it may turn into a major rift between different industry factions.
Will Citadel Transform Crypto?
Citadel Securities, an American market maker with over $62 billion in AUM (asset under management), has kept an eye on the crypto market for a few years. It consistently observed potential ETF gains since 2022, and became a major institutional investor in them after approval.
Now, according to a new Bloomberg report, the firm wants to become a liquidity provider for the crypto space.
Citadel is trying to take an overt role in crypto for a few reasons, not least of which is the favorable regulatory environment. Since Trump became President, a wave of pro-crypto energy has swept through the federal government, and the firm is planning to capitalize on it.
According to anonymous sources, Citadel wishes to begin by getting approval from major exchanges.
However, not everyone is happy about this. During the 2021 GameStop stock squeeze, Citadel CEO Ken Griffin played a major role in getting Robinhood to restrict user trading.
Robinhood, a major stock trading app, acquiesced to Griffin’s request because Citadel processes much of its revenue. An SEC probe against Robinhood was dropped today, contributing to the skepticism.
“Ken Griffin and Citadel Securities are set to become the liquidity provider for cryptocurrencies. Citadel is so openly corrupt rigging the stock market that even the mainstream media says the SEC is afraid of them. What could go wrong!” claimed the Wall Street Apes
After the biggest crypto exchanges approve Citadel, the firm wishes to set up market-making teams outside the US. Citadel began laying the groundwork for expansion in Southeast Asia in 2023 and tried to build up regional stock markets in the US last year.
In other words, Citadel could have a truly revolutionary impact on the crypto market if its dreams of becoming a liquidity provider come to pass. However, this revolution may be unfavorable to the community.
If rank-and-file traders detest Citadel, will that impact exchanges’ decisions? Could enough capital simply overwhelm community attitudes? These are all vital questions.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Automated Market Makers (AMMs), BNB Ecosystem Coins, and AI are the top three crypto narratives to watch for the last week of February. AMMs are facing a challenging week, with all top seven coins in red, but potential catalysts like Unichain’s growth and competition in Solana’s DEX space keep them relevant.
The BNB ecosystem is gaining momentum with CZ’s renewed advocacy, an AI-focused roadmap, and surging activity on PancakeSwap. Meanwhile, the AI narrative is showing mixed signals. While the broader AI crypto market struggles, projects like Story (IP), CLANKER, FORT, and BNKR are capitalizing on niche use cases.
Automated Market Makers (AMMs)
AMMs coins have had a rough week, with all seven top seven coins in red. Automated Market Makers are decentralized exchanges that allow users to trade digital assets without using a traditional order book.
They rely on liquidity pools, where users provide funds that facilitate trading and earn fees in return. This model enhances liquidity and removes the need for centralized intermediaries, making AMMs a crucial part of decentralized finance (DeFi).
RAY is the biggest loser among the top AMMs. Rumors about Pumpfun launching their own AMM solution could impact Raydium’s usage and fee generation, causing its price to fall almost 30% in just 24 hours.
UNI and CAKE are both down 15%, as the market doesn’t seem excited about Uniswap’s new chain, Unichain. Additionally, CAKE is correcting after its recent surge alongside the rising BNB ecosystem.
However, RAY continues to be a dominant force in Solana, which could lead some users to question whether the recent drop isn’t an overreaction.
Chris Chung, founder of Solana decentralized exchange aggregator Titan believes that this could be good for the Solana ecosystem after all.
“The fact that pump.fun is developing its own automated market maker (AMM) is no surprise – it’s an obvious business move. They’ve created so much volume with meme coin trading that it was only a matter of time before they built infrastructure to take advantage of the fees. This creates competition for Jupiter and Meteora, but Raydium is the most affected, given meme coins make up the majority of the volume on Raydium,” Chung told BeInCrypto.
Also, Unichain is in its early days, and a new altcoin season could boost its usage. Additionally, the BNB ecosystem appears to have built good momentum in the last few weeks, which could set the stage for a CAKE price recovery.
All that combined makes AMMs one of the most interesting crypto narratives for this week.
“Now that competition in the Solana DEX space is heating up, exchanges will likely start competing for token listings. Some expect this to lead to lower fees, but I believe we’re more likely to see other incentives, like revenue sharing, token allocations beyond liquidity pool fees, or advertising support. DEXs have large treasuries and we’re going to see them dipping into these to make their offering stand out,” said Chung.
BNB Ecosystem Coins
BNB chain has been in the spotlight recently as CZ has renewed his advocacy for the network. The chain introduced an AI-focused roadmap and a new solution to make it easier for users to launch new coins.
These developments for the BNB chain also align with other crypto narratives, such as meme coins and artificial intelligence.
PancakeSwap, the largest decentralized exchange on the BNB ecosystem, experienced a surge in fees, jumping from $2 to $3 million in early January to consistently staying above $4 million and even reaching $18 million on some days since January 16.
This growth reflects increased activity and interest in the BNB chain.
The chain has also seen the rise of trending meme coins, such as BROCCOLI, inspired by CZ’s dog, and TST, which has become one of the biggest native meme coins on the BNB chain.
If this momentum continues, it could attract more builders and new coins to the chain, benefiting existing products and altcoins within the ecosystem.
Artificial Intelligence
Although several AI coins are struggling, with RENDER, FET, and VIRTUAL all registering double-digit losses in the last seven days, some specific segments are managing to rise despite the overall narrative correction.
Story (IP) is a standout performer, up roughly 120% in the last week. It has become one of the most trending altcoins and quickly reached a $1 billion market cap. Similarly, CLANKER, one of Base’s biggest coin launchpads, is up 111%, reaching its highest price levels since early January 2025.
FORT is up 49%, leveraging on its security crypto firewall following the Bybit hack. BNKR has also gained 43%, capitalizing on the narrative around crypto AI agents and crypto companions.
Maybe the market is signaling that merely branding as an “AI coin” isn’t enough anymore. This shift could open up more space for coins that are becoming more specific about their use cases and not just defining themselves as a “crypto AI framework” or a “crypto AI agent coin.”
The post Top 3 Crypto Narratives to Watch For the Last Week of February appeared first on BeInCrypto.
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