The crypto market was down 3.6% up to now 24 hours, with the full market cap at $3.3 trillion. High alts, together with Ethereum, XRP and Solana have proven power amid minor dips.
Given the trade had simply witnessed $1.4 billion stolen from Bybit – the most important ever hack within the historical past of cryptocurrency – the resilience has traders much more bullish.
As merchants monitor the scenario, a part of the eye is on iDEGEN (IDGN). The AI agent token has attracted a notable $24 million in presale to date. However what’s making it pattern?
Per the iDEGEN presale web page, the mission lists on exchanges on February 27, 2025.
Trade lauds Bybit’s response after $1.4 billion hack
On Feb. 21, Bybit confirmed it had suffered the most important ever hack in crypto historical past. Simply hours later, crypto investigator ZachXBT returned with particulars of who the hackers have been.
In accordance with the blockchain sleuth, the 401k ETH value over $1.4 billion looted from Bybit was linked to the Lazarus Group. The North Korea-backed hacker collective is reportedly behind the Phemex hack and lots of others.
However the $1.4 billion hack stands out as the most important, with the heist accounting for 16% of all reported hacks. That’s terrifying. Nevertheless, regardless of an preliminary panic and flurry of outflows from Bybit, the trade has acquired plaudits for the way it dealt with the aftermath of the assault.
Bybit processed withdrawals
From Bybit CEO Ben Zhou personally taking cost of updates to official communication, Bybit seems to have managed the scenario higher than many earlier hacks.
The trade additionally maintained it was solvent and will deal with withdrawals for its clients, with belongings backed 1:1.
Additionally importantly, trade gamers and rival exchanges all got here out able to help. In an replace, the Bybit CEO mentioned help through bridge loans had helped the trade elevate quantities equal to 80% of hacked funds. Bitget additionally despatched 40,000 ETH value over $105 million as a part of the help.
With Bybit trying to navigate the incident , traders are bullish. The projection is that 2025 continues to be a bull market and the approaching months could possibly be large.
iDEGEN raises $24 million forward of trade itemizing on Feb. 27
iDEGEN, with the native token IDGN, is a synthetic intelligence-powered mission within the trending AI agent market. Whereas the token meme coin tradition, its a section that has gained momentum following the rise of crypto and AI integration.
Now iDEGEN is simply 5 days earlier than iDEGEN debuts out there.
5 days. That’s all that’s left earlier than $IDGN formally enters the wild.
The query is, are you holding or are you jeeting your self out of economic freedom.
Select correctly.
$IDGN➡️https://t.co/zKGGUjqevM pic.twitter.com/NlupDvwuHF
— iDEGEN UPDATES (@iDEGEN_Updates) February 22, 2025
With initiatives equivalent to Virtuals Protocol and ai16z making inroads amid market curiosity, a rival that faucets into a novel mannequin has investor urge for food excessive. It is because iDEGEN took a clean slate AI agent and handed it to the degens. No guardrails or such different constraints. Simply an AI agent and the unfiltered enter of degens – first on X after which Telegram and TikTok.
The result’s a large group, with over $24 million raised because the experiment takes stable steps in direction of dominating the agentic token area. iDEGEN ends the presale on February 26. 24 hours later, on Feb. 27, the IDGN token will probably be on its first exchanges.
Notably, iDEGEN has introduced an upcoming itemizing on crypto trade BitMart. This is without doubt one of the high CEX platforms out there, and can checklist IDGN on March 4, 2025.
At the moment, iDEGEN presale worth stands at $0.0345. The ultimate stage will see this soar to $0.038. If the post-listing momentum combines with potential bullish catalysts throughout crypto, the token’s worth may explode.
To be taught extra, go to the mission’s official web site.
