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<\/p>\nEthereum saw some huge selling in the early trading hours of Monday as it dipped below the $2.1K mark \u2013 a 25% dip from its opening price that day.<\/p>\n
This fall was a result of whale wallets liquidating their positions in $ETH. For instance, two dormant wallets sent $149M and $201M worth of $ETH to Bitfinex. These wallets were last active in 2019 when a withdrawal of 77,736 $ETH was made.<\/p>\n
Aave ($AAVE) also saw some rapid liquidations during this time, totaling around $200M.<\/p>\n
Most of this liquidation came in the loans that were secured by Wrapped $ETH ($WETH), showing $ETH’s stronghold in the DeFi and crypto lending sector. Consequently, the total value locked (TVL) in $ETH DeFi also fell from $63B to $54B.<\/p>\n
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This fall is akin to the August 2024 fall, which was triggered by the restrictions placed on the Japanese yen carry trade. $ETH dropped to a low of $2,112 back then.<\/p>\n
However, in just 17 weeks, Ethereum made a comeback and crossed the $4K mark. So, this recent fall isn\u2019t the end of things. It should rather be viewed as a healthy correction in the market.<\/p>\n
The good news is that $ETH was quick to bounce back and closed above its opening price on Monday.<\/p>\n
As the price saw a steep dip, whales swooped in to buy the liquidity. Seven Siblings bought 5,382 $ETH<\/a>, whereas 1inch Investments added $7,289 $ETH<\/a> to their portfolios near day lows.<\/p>\n Put together, whales bought a total of 50,429 $ETH during the fall. This has kindled hopes of recovery amidst long-term holders. A lot of whales have truly \u2018bought the dip,’ signaling a long path ahead for Ethereum.<\/p>\n As Ethereum finds itself in choppy waters, Solana has been making significant progress.<\/p>\n Solana stablecoins doubled in market cap in January \u2013 from $5.1B to $11.4B. This huge surge can be attributed to the growing popularity of meme coins on the network.<\/p>\n Since Trump launched his own Solana-based memecoin, Solana\u2019s stablecoin supply has increased by more than 73%. Interestingly, Circle\u2019s $USDC is the most sought-after stablecoin on the chain, standing at a value of $9.25B.<\/p>\n This accounts for more than 80% of all the stablecoin transactions on the network.<\/p>\n In contrast, on chains like Ethereum and Tron, Tether\u2019s $UDST is the most dominant stablecoin, with values of $65B and $60B, respectively.<\/p>\n Notably, $USDC was the fastest-growing stablecoin in 2024 at a rate of 78%. Its current valuation stands at $53B, which is still some distance away from UDST at $139.5B.<\/p>\n However, Circle has been making a lot of progress to narrow down this gap. It recently went live on the Aptos mainnet.<\/p>\n Seeing the growth of stablecoins coupled with a meme coin boost by the President of the United States himself, it’s fair to say altcoins have a bright future ahead.<\/p>\n If you\u2019re also looking for an opportunity to invest in the best meme coins, we have something perfect for you \u2013 the Best Wallet Token ($BEST)<\/strong><\/a>.<\/p>\n The Best Wallet Token ($BEST)<\/a><\/strong> is the in-house meme coin of the popular Best Wallet App<\/a>, which is a one-stop destination for all your crypto needs.<\/p>\n The wallet offers access to more than 60 crypto chains, allowing you to manage all your holdings in one place.<\/p>\n The $BEST token is the Best Wallet App on steroids, as it unlocks some serious perks within the Best Wallet ecosystem.<\/p>\n For instance, Token holders can get early access to high-alpha presales, much before they go live for the general public. This allows investors to jump in early on promising altcoins.<\/p>\n You can find these tokens in the \u2018Upcoming Tokens\u2019 tab \u2013 coins like $PEPU and $CATSLAP were featured on Best Wallet long before they became popular among investors.<\/p>\n What’s more, you can also benefit from lower transaction fees as a $BEST holder.<\/p>\n Plus, this non-custodial platform doesn’t require KYC, making it simple and quick to get started with.<\/p>\n Early adopters of $BEST<\/a><\/strong> can also earn staking rewards with 189% APY. It’s worth noting that the developers have reserved 8% of the total token supply of 10B exclusively for this, showing their focus on long-term adoption and rewards.<\/p>\n Besides all the token benefits you get, the Best Wallet App<\/a> itself has a bright future ahead. It aims to capture 40% of the $10B non-custodial crypto wallet market share by the end of 2026.<\/p>\n Moreover, it has so far walked the talk, garnering over 500K total users and 250K daily active users.<\/p>\n The best crypto presales going around.<\/p>\n Oh, and wait till you hear about the project’s future. The developers have a lot in the pipeline, including integration of Solana ($SOL) and the launch of Best Card for seamless crypto payments.<\/p>\n The project is also in talks for a partnership with apps like Staking, iGaming, Project Directory, News, and DeFi. This will truly make Best Wallet App<\/a> a one-stop solution and the only crypto wallet anyone will ever need.<\/p>\nSolana\u2019s Upward Journey<\/h2>\n
What Is $BEST?<\/h2>\n
![\"Best](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/devices_desktop-1024x952-1.png?w=460&resize=700%2C651\")
<\/p>\nWhy Should You Invest in $BEST?<\/h2>\n
![\"$BEST](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/BEST-0402.png?w=460&resize=700%2C361\")
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