February 18 Market Key Insights, How Much Did You Miss?

Highlights

1.CZ Donates 150 BNB to Community Charity Event

2.OKX Officially Becomes One of the First Global Crypto Exchanges to Obtain MiCA License and Operate in Europe

3.Following Musk xAI Grok 3 Release, X Sees Significant Increase in Premium+ Subscription Price

4.DeFiTuna Reveals LIBRA Issuance Advisor Previously Rug Pulled Multiple Projects Harvesting Over $200M

5.Inaugural Solana Global Hackathon Now Open for Registration

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

FTT: Today's discussions about FTT primarily revolve around the upcoming FTX settlements, which are expected to inject a significant amount of liquidity into the market, potentially impacting Solana as a large amount of SOL is scheduled to be released on March 1. Market sentiment is mixed, with some anticipating market volatility while others see it as a bullish opportunity. Additionally, there are comparisons to past events like the FTX collapse, with some users expressing skepticism about the current market conditions and potential scams.

MET: Today's discussions about MET mainly focus on the allegations of financial misconduct against Meteora and its co-founder Ben Chow. Ben Chow has resigned amid allegations of insider trading and market manipulation related to the LIBRA Memecoin issuance. Controversies include coordinated schemes with Kelsier Ventures and other entities, leading to significant financial losses for retail investors. Meteora denies any wrongdoing and has hired a third-party law firm to investigate these allegations. This situation has sparked widespread debate and scrutiny within the crypto community.

FABLEBORNE: Fableborne has attracted significant attention today due to its Kingdoms NFT presale on the Ronin network, which saw over a 17,000% oversubscription, raising over $21 million with participation from over 5,000 individuals. The success of the presale is attributed to strong community support and the game's innovative integration of ARPG and strategy elements. The high demand for the presale and the upcoming $POWER token launch have positioned Fableborne as a leading project in the Web3 gaming space, with discussions emphasizing its potential impact on the gaming industry.

UNI: Today's discussion about UNI has primarily focused on the latest developments of Uniswap and its impact on the DeFi ecosystem. Key topics include the release of Uniswap V4, seen as a significant innovation in decentralized finance and liquidity management, as well as the operational budget for the Uniswap 2025-2026 fiscal year. Additionally, the community has shown significant interest in Uniswap's TVL decline and its position in the DeFi space, drawing comparisons with other protocols like Aave and Lido. The community is also discussing the potential integration of Uniswap V4 with Coinbase DEX, highlighting Uniswap's strategic importance in the broader crypto ecosystem.

Threads & Tweets

1. Clip of Melei's on-stage presentation to the media, @tier10k

2. DeFiTuna exposes LIBRA's issuance advisor for manipulating projects like MELANIA to rug pull over $200 million, @SolanaFloor

Featured Articles

1. "Going Back to Basics: Distinguishing Between Memecoin and Shitcoin"

Original Compiled by: Azuma, Odaily

From Dawkins defining a meme as a "cultural unit" to the birth of DOGE in 2013, memecoins have become the intersection of Internet culture and decentralized finance. Now, what's most important is to distinguish those true memecoins—cultural artifacts stemming from community humor, shared values, and organic dissemination—from shitcoins designed to capitalize on speculative frenzy. Mixing the two is not just a semantic mistake; it also undermines the cultural foundation that makes memecoins so captivating. A memecoin is a narrative that can be traded as an asset, with its value being merely a byproduct of collective belief.

2. "Several Projects Harvesting 200 Million? Insider Reveals How Kelsier Ventures Dumped"

by shushu, BlockBeats

On January 31, Argentine President Milei tweeted from his X account: "He's providing me with advice on the impact and application of blockchain technology and artificial intelligence in the country," along with a photo of himself with a young man in a suit and gold-rimmed glasses. That person is Hayden Mark Davis, a key figure in the LIBRA token issuance controversy.

Biggest Gainers & Losers

Token Price Movement on February 18, sorted and ranked by trading volume

Top Gainer

1. $ACH

2. $IP

3. $MKR

Top Loser

1. $FARTCOIN

2. $SHELL

3.$AI16Z

On-chain Data

On-chain Fund Movement on February 18th