The new US SEC team under Donald Trump’s leadership has revoked SAB 121, a crypto account regulation that has required financial entities to treat crypto holdings as liabilities on their balance sheets since March 2022.

Because this shines a light on Ethereum, ERC-20 tokens might be the next cryptocurrency to explode. 

SAB 121’s closing is a big deal as it’ll likely spur more TradFi companies to explore DeFi. Partly owing to Ethereum having the most significant TVL at $67.387B, an analyst predicts it will reach $7K. 

Another factor pushing Ethereum coins forward is Etherealize, an Ethereum Foundation-backed marketing firm that educates institutions on the network. 

Such news, combined with $ETH spiking by 6.5% since yesterday, suggests a thriving future for both $ETH and ERC-20 tokens, like $WEPE, $MIND, and $MEMEX. 

1. Wall Street Pepe ($WEPE) – Insider Information for Crypto Degens

Wall Street Pepe ($WEPE) is a frog coin that’s on a mission to capitalize on Pepe’s $6.5B market cap. However, unlike its predecessor, it has real-world utility: exclusive trading insights for degens. 

By offering small crypto investors trading tactics of the Wolf of Wall Street, $WEPE aims to help them out-trade crypto whales, which manipulate the market for selfish gain. 

Beyond receiving game-changing strategies, $WEPE holders can share their own fruitful ones, for which they receive rewards. About 15% of the project’s total token supply is strategically set aside for this. 

More $WEPE can also be won through staking, and 12% of the total supply goes toward it.

Considering $WEPE’s price has already increased by 83.25% from $0.00020000 to $0.0003665 and that we predict its price to reach $0.0013 (a 254.71% rise) by this year’s end, there’s no better time to buy the coin on presale than the present.

2. MIND of Pepe ($MIND) – AI Agent Dishing Out Crypto Trading Tactics

MIND of Pepe ($MIND) is another frog coin building on Pepe’s achievements. In just 48 hours of going on presale, it surpassed $1.8M. 

Albeit similar to $WEPE in the sense that it also grants token holders exclusive trading insights, it differentiates itself by leveraging AI.  

The AI agent token scans crypto Twitter (X) to find out what’s hot and what’s not in the crypto realm. It then shares its findings with token holders, helping them gain a competitive edge in the blockchain market, which is forecasted to reach a whopping $1,000T by 2032. 

Early adopters can gain exclusive insights into the ever-expanding Web3 market by purchasing $MIND on presale (currently for just $0.0031889) and through staking, with a current 626% APY. 

Its staking initiative and the 20% $WEPE allocations to marketing and 30% to development also boost its sustainability, contributing to its high chance of long-term success. 

3. Meme Index ($MEMEX) – Meme Indexes Catering to All Risk Appetites

Meme Index ($MEMEX) is another attractive Ethereum-based investment that aggregates industry-wide exposure into four curated meme coin indexes. 

The meme coin baskets range from low to high volatility, giving holders the chance to access ones that suit their investment needs. 

For instance, Titan offers insights on the top ten meme coins with the greatest market caps, which are less risky because of their high demand.

On the other hand, the Meme Frenzy Index highlights the most high-risk investment options with significant returns.

The Meme Index you pick really depends on where your risk tolerance lies.

Besides its dynamic baskets, $MEMEX is a governance token, which allows token holders to have a say on the Meme Index ecosystem’s future path. They can vote on meme coins to be included in the baskets and on future developments to bring the coin to rosy pursuits. 

It also has an attractive staking incentive, with a commendable 821% APY granting stakers passive income every three years. 

Plus, security-conscious investors can rest easy. The smart contracts of these governance and staking functions are fully audited to ensure a secure and transparent experience. 

$MEMEX could be the next coin to 100x. This is especially true when considering that it’s straightforward to buy on presale (currently at $0.0155312). We predict it could reach $1.75 by 2030. 

4. Onyxcoin ($XCN) – Help Build DeFi Services From the Ground Up

$XCN is the backbone of Onyx Core, a blockchain infrastructure that helps build DeFi services from start to finish on the Ethereum blockchain. 

Ultimately, it enables developers and businesses to launch and operate their own networks so they can move digital assets worldwide in a breeze. 

What makes it stand out further is its compatibility with other independent networks and digital assets, leveraging each of their benefits to modernize TradFi systems. 

$XCN has three major roles in the ecosystem. First, it’s a governance token, giving token holders a say in its future direction. Second, it’s used to pay for Onxy and Chain.com’s services.

Last but not least, it can be staked with a 30.62% APY – $50.89M has already been staked. 

The coin’s use cases have supported its uptrend. Since last week, it has jumped by 205%, bringing its price to $0.02319. 

5. Ondo ($ONDO) – Vote on a DeFi Protocol’s Financial Tools

The next cryptocurrency to explode could be $ONDO, a governance token that enables holders to vote on how its DeFi protocol leverages top-not financial tools. 

Some of the tools and services that Ondo supplies include: 

• Liquidity pools that grant users passive income and stabilize the platform 
• Crypto loans with fixed rates to help minimize profit loss during market volatility 
• Tokenized real-world assets (RWAs), making equities and bonds easily accessible in the DeFi industry. 

When taking into account that the RWA market is predicted to hit $30T by 2030, $ONDO is a great entry point to benefit from the upswing. 

The coin is valued at $1.51, and its market cap has increased by 16.5% since yesterday to $4.75B. 

Each of these tokens benefits from Ethereum’s expansive smart contract capabilities and DeFi applications. 

ERC-20 Tokens Might Be the Next Cryptocurrencies to Explode

As $ETH adoption increases, partly due to the SAB 121 coming to an end and Etherealize’s learning materials,  ERC-20 tokens might be the next cryptocurrencies to explode because they leverage the network’s benefits (smart contracts, DeFi, scalability, digital ownership). 

The coins we discussed offer low-cap entries into the thriving Ethereum ecosystem for less than a fraction of the price. 

However, remember that this isn’t financial advice. You must always do your own research before investing in crypto and be willing to lose the amount you spend. 

RUNE, the native cryptocurrency of the decentralized liquidity protocol THORChain, is facing strong selling pressure amid reports of insolvency. The RUNE price has crashed 30% in the last 24 hours with its market cap plunging under $800 million and daily trading volume shooting up by 112% to $758 million.

RUNE Price Crashes Amid Insolvency Risks

THORChain’s native cryptocurrency RUNE has witnessed strong selling pressure as the liquidity protocol faces insolvency risks. In order to prevent this, the protocol has to stop Bitcoin (BTC) and Ethereum (ETH) withdrawals on its lending as well as the savers program.

As a result, node validators decided to pause the network for a minimum of 90 days in order to resolve the debt issues. As of now, THORChain’s lending program supports only BTC and ETH. However, its saver vaults provide access to a wider range of assets.

In the case that all loans and saver positions were simultaneously closed and repaid, a potential insolvency risk emerges. Furthermore, with the RUNE price collapsing, it could trigger further trouble for the interblockchain settlements protocol THORChain.

THORChain Community Members Complain

Some of the community members have raised concerns asking RUNE investors to stay cautious considering that the protocol has significant liabilities. According to crypto analyst TCB, the protocol’s liabilities amount to:

• $97 million in lending obligations (primarily in ETH and BTC).
• $102 million tied to savers and synthetic assets (also in ETH and BTC).

Furthermore, on the asset side, Thorchain currently holds $107 million in exogenous liquidity within its liquidity pools. However, the analyst TCB warned that the liquidity providers (LPs) could withdraw these liquidity assets at any moment if RUNE holders trigger a panic selloff. This could further exacerbate if the RUNE price collapses from here. “I’m not going to sugarcoat the situation—this is far from all right,” TCB stated.

The Interblockchains protocol mints RUNE and sells it into liquidity pools to cover liabilities. Community member TCB criticized this design calling it financially unstable and highly reflective.

Recent activity highlights the issue: repaying $4 million worth of RUNE liabilities on the previous day led to the protocol accruing additional liabilities amounting to several million RUNE.

What’s the Solution to This?

TCB proposed two solutions ahead for THORChain, however, it comes with its own set of challenges. The decentralized protocol is currently at a crossroads. TCB said:

1. Continue Operations Without Intervention: This would allow an estimated 5-7% of the system’s value to be extracted by a select few who exit early, triggering a downward spiral in RUNE price. Under this scenario, approximately $75 million would go to those exiting first, while $1.5 billion in value could be wiped out, potentially leading to the destruction of Thorchain.
2. Default and Rebuild: The protocol could default on its debts and declare bankruptcy, preserving the valuable components of its ecosystem. By salvaging these assets, the community and stakeholders could work collaboratively to grow the network. This approach aims to restore the $200 million in outstanding capital over time, ensuring the protocol’s long-term viability and stability.

As said, both these options come with their own set of risks. Soon after the node validators paused the network the RUNE price drop has been arrested at $2 for now. In fact, the THORChain crypto price has bounced back 30% from the bottom currently trading at $2.30.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.