{"id":16088,"date":"2025-03-04T14:31:53","date_gmt":"2025-03-04T14:31:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16088"},"modified":"2025-03-04T14:31:53","modified_gmt":"2025-03-04T14:31:53","slug":"crypto-market-in-full-bear-mode-after-the-1-4b-bybit-hack-the-best-meme-coins-to-lock-in-now","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16088","title":{"rendered":"Crypto Market in Full Bear Mode After the $1.4B Bybit Hack. The Best Meme Coins to Lock in Now"},"content":{"rendered":"
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On February 21, 2025<\/a>, the North Korean hacking group Lazarus managed to steal approximately $1.5B worth of Ethereum. Despite the initial whiplash effect, the $1.5B Bybit hack could paradoxically boost the best meme coins in 2025 and beyond. Let\u2019s dig into it.<\/p>\n

Evidence Emerges of Bybit Hack\u2019s Sophistication<\/h2>\n

Subsequent investigations<\/a> showed that the hackers used malware to display a fake UI to all signers. This could\u2019ve only been achieved if the bad actors somehow infected each multisig signer\u2019s device, suggesting that the hack was more complex than initially thought.<\/p>\n

\"X<\/p>\n

The conclusion was that, in this particular case, the weakest link was probably the human element rather than Bybit\u2019s security profile.<\/p>\n

Crypto Market Crashes After Hackers Launder All Stolen 499K ETH<\/h2>\n

So, why is crypto so down today, so long after the hack? According to EmberCN<\/a>, the hackers managed to launder the entire $1.4B (499,000 ETH), causing ETH\u2019s price to drop 23% following the event.<\/p>\n

Today, Bitcoin\u2019s chart<\/a> tells a sad story after falling to below 83K. Indeed, the whole crypto market seems to have collapsed,<\/a> with even the best altcoins<\/a> joining the bear movement.<\/p>\n

DeFi Exchanges Come Under Fire<\/h2>\n

The Bybit hack didn\u2019t impact cryptos alone. DeFi exchanges suffered, too. Chainflip, in particular, as the hackers started funneling the stolen assets through its platform mere hours after the breach.<\/p>\n

Chainflip, to its credit, identified the suspicious activity and took action immediately.<\/p>\n

\"Chainflip\u2019s<\/p>\n

The hackers also used THORChain, another high-profile DeFi service, to swap over $742M shortly after the event. Unlike Chainflip, which has a central authority, Thorchain is regulated by a network of validators, making it more difficult to implement any time-sensitive measures.<\/p>\n

The THORChain network recorded massive trading volumes<\/a> following the hack, reaching an all-time record of $859.61M on February 26. This caused $RUNE, the official THORChain token, to surge by up to 33%<\/a> between February 21 and February 26.<\/p>\n

\"THORChain<\/p>\n

In the spirit of \u2018damned if you do, damned if you don\u2019t\u2019, both Chainflip and THORChain were heavily criticized by the community for how they handled things.<\/p>\n

Chainflip took the most heat, with many arguing that the platform\u2019s decentralized nature meant that the hackers were free to launder the funds with impunity. At the opposite poll is THORChain, criticized for not<\/em> taking action<\/a>.<\/p>\n

\"Community<\/p>\n

So, where does this leave us? The crypto market is slowly recovering, but it\u2019s still not out of the bear-infested woods.<\/p>\n

Even so, some see this as the best time to invest in new crypto projects<\/a> in preparation for the next bull run. Especially, given the SEC\u2019s upcoming series of roundtables<\/a> on crypto security and regulation could turn the trend around.<\/p>\n

The following are some of the most promising meme coins to buy while the market is down.<\/p>\n

1. BTC Bull Token ($BTCBULL) \u2013 Supporting Bitcoin to a $1M<\/p>\n

BTC Bull Token ($BTCBULL)<\/a> is a meme project tied to Bitcoin\u2019s market performance. The ongoing presale has raised over $3.1M with a token price of $0.00239.<\/p>\n

BTC Bull has several mechanisms to support its long-term development:<\/p>\n