The pullback across the crypto market is continuing today, with Bitcoin down nearly 4%. Other major tokens have fared even worse—Ethereum is down nearly 7% and XRP has fallen 4%.

The wave of selling has led crypto whales and major investors to flee from their top token holdings, kicking off even more selling and driving the market lower.

However, some of these whales haven’t simply been holding cash. Instead, they’ve been rotating into new altcoins like Best Wallet token ($BEST) and Human Protocol ($HMT), creating a roadmap for potential profits that other investors can follow.

Crypto Rout Extends Throughout Mega-cap Tokens

What started as a small dip in prices has turned into a full-blown rout of the crypto market in the past week. Bitcoin has fallen from an all-time high of $109,000 in November to less than $80,000 overnight. It’s now trading around $82,000, but the largest cryptocurrency has not yet reestablished momentum.

Ethereum has performed even worse, continuing its streak of lagging Bitcoin over the past year. It’s down 23% in the past 7 days.

In fact, of the top 10 crypto tokens by market cap, only Solana has posted a gain in the last 24 hours. None of the top 30 tokens by market cap are in the green over the past 7 days.

Whales Shift into Best Wallet Token, Human Protocol

The rout is primarily a result of forces beyond the crypto market. The S&P 500 is also down 2.5% this week as investors second-guess the strength of the AI-fueled economic boom and whether US President Trump’s tariffs are likely to disrupt the global economy. The significant and sudden risk-off shift has hit cryptocurrencies harder than other sectors of the market.

It’s not yet clear whether the end is in sight, but some technical indicators suggest that the market may be nearing a bottom. Bitcoin’s relative strength index (RSI) is currently at 26. Levels below 30 are often interpreted as an asset being oversold.

That means this could be a buying opportunity for investors. However, with selling continuing, it seems that whales are focusing their attention on altcoins with more growth potential once the market recovers.

Specifically, several whales have shifted money into two emerging tokens: Best Wallet ($BEST) and Human Protocol ($HMT).

Best Wallet Unlocks Seamless Access to Crypto Market

Best Wallet is a Web3 wallet platform and no KYC crypto exchange packed with features, including an integrated DEX, token staking, a crypto gaming hub, and more. It supports more than 50 major blockchains, including Bitcoin.

The $BEST token offers Best Wallet users generous perks like reduced fees at the Best DEX, boosted staking rewards on popular tokens, and early access to new projects featured on Best Wallet’s Upcoming Tokens launchpad.

Some analysts think $BEST could be one of the most popular platform tokens once the bull run resumes, which could be why those whales are rushing into the Best Wallet presale right now. YouTuber Crypto Gains even called the token an ‘easy 10x.’

$BEST is available for grabs on presale now, with the project’s fundraising being pushed past $10.5 million. Early investors can also boost their returns with $BEST staking rewards of up to 151% APY.

However, the next price increase in the Best Wallet token presale is just a few hours away.

Visit Best Wallet

Human Protocol Sees Surging Interest as AI Enabler

Human Protocol is a decentralized marketplace for businesses and freelancers. It offers a wide variety of tools, including productivity apps to help businesses get more done and payment solutions to enable selling in Web3.

The project has been around for several years, and even received an early endorsement from web security firm Cloudflare in 2021. It’s bucked the crypto market’s recent downward trend, posting a 46% gain over the last 7 days of trading.

That’s in part because of the whales who have focused on Human Protocol’s potential for hiring and payment for AI-related tasks, like data labeling and output review. That positions it to be an interesting support for the Web3 AI economy as that sector of the crypto market continues to grow at a rapid pace.

The $HMT token is used for payments and rewards in the Human Protocol ecosystem, tying its value directly to the growth of this platform. So, an explosion in interest around using Human Protocol to power the AI economy could send the $HMT token price soaring.

$HMT is available to trade on Uniswap and several centralized exchanges, including MEXC, CoinEx, and Gate.io.

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As the crypto markets dropped after Bybit’s recovery from the largest crypto theft in history, sentiment has turned overwhelmingly bearish and caused major dips to continue through the following week.

Bitcoin ($BTC) fell around -20% in the final week of February, while Ethereum ($ETH) was hit by drops totalling -26%. The price of Solana ($SOL) also took significant damage with a -25% move, contributing to a total of -57% from the L1 cryptocurrency’s all-time high of almost $296, set on January 19.

Amid the ongoing chaos, on-chain analysts have discovered major bullish whale activity surrounding the SOL cryptocurrency, highlighting the need for investors to look beyond red candles and focus on buying opportunities.

A whale bought 50,000 $SOL($6.77M) at the bottom 7 hours ago.

From November 20, 2024, to January 21, 2025, this whale sold 122,921 $SOL($28.23M) at an average price of $230, and now he repurchased $SOL at a lower price.https://t.co/JM8OuP0AwZ pic.twitter.com/rmT2pXa4VI

— Lookonchain (@lookonchain) February 27, 2025

Meanwhile, Solana’s first Layer 2, Solaxy ($SOLX), has also raised nearly $24 million in its presale – and continues to give Solana supporters many reasons to expect a bullish 2025.

Solana Dip Disguises Hidden Opportunities

During large market dips – especially those that can be considered “corrections,” as they involve drops over 10% – panic and other negative emotions can easily cloud the judgement of even the most experienced investors.

Seeing large red candles on a price chart can be fear-inducing, especially when they come in quick succession. When this happens, zooming out and examining higher time frames can help to provide a birds-eye view of an asset’s price performance, and identify important levels to watch.

In the case of Solana, the presence of extensive wicks on a large number of daily candles shows how volatile this cryptocurrency has been since Donald Trump won the US presidential election on November 5:

In fact, SOL has been so volatile that it’s barely sustained a useful range or price trend for a meaningful period of time. Instead, SOL has generally stayed above $180 and below $260, with multiple extensions above and below those key levels – and an all-time high of nearly $296.

This continuous state of instability and uncertainty indicates that Solana’s price action is mainly driven by market sentiment – which keeps changing due to the Solana blockchain’s scalability and reliability issues.

Controversies surrounding the Solana meme coin community and launchpads like Pump.fun are also ongoing, creating even more fear around SOL’s potential as a long-term investment. Pump.fun suspended its livestreaming service when meme coin creators started broadcasting harmful material to promote their tokens – and the entire platform was banned in the UK by the country’s financial regulator.

Above all else, Solana’s biggest problems are failed transactions, network congestion, and the blockchain’s general scalability limitations. At the time of writing, Solana whales are still buying the SOL dip (establishing key support above $120), and a solid rebound would help to establish higher lows and a new uptrend.

For some savvier Solana watchers, however, the Solaxy ($SOLX) Layer 2 scaling solution is a tasty SOL alternative right now.

Solaxy Ready to Rescue Solana, ICO Nearing $24 Million

As noted above, Solana has not been able to create and sustain price trends or ranges that last long enough to enable high-probability price predictions – at least since November 2024. At the present time, bullish investors seem to have settled on $120 as a price level to front-run, creating sharp wicks and bounces that could lead to a new pump throughout March and April.

This makes Solaxy ($SOLX) arguably the most important part of the Solana ecosystem right now. As the very first Layer 2 (L2) solution for Solana, Solaxy aims to resolve some of the pain points that still restrict Solana builders and users from enjoying a consistently reliable Web3 experience. We’ve seen how these problems are causing major instability in the price of SOL – but Solaxy’s 2025 launch could set Solana on a bullish course for years to come.

Investors looking to be part of this historic development have already poured almost $24 million into the presale for SOLX, Solaxy’s native cryptocurrency. SOLX will act as a transaction fee payment method within the Solaxy network – and it will also enable groundbreaking levels of interoperability, thanks to its compatibility with the Ethereum and Solana blockchains.

This means that Web3 builders can draw on Ethereum’s liquidity resources while still benefiting from Solana’s speed and low network fees – making Solaxy and SOLX an ideal choice for DeFi, GameFi, meme coin, and NFT projects that generate high Solana traffic volumes.

For a limited time, the Solaxy presale is offering SOLX tokens at a discounted price of $0.001648. Passive income options are also useful during market dips – and SOLX tokens can be staked for an APY of 170% pa.

Visit Solaxy Presale

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Ethereum co-founder and CEO of Consensys – Joseph Lubin – announced that Consensys and the US Securities and Exchange Commission (SEC) have reached an agreement in principle to dismiss the securities enforcement case concerning MetaMask.

The case, which targeted Consensys’ popular cryptocurrency wallet, is expected to be formally closed pending approval by the agency.

SEC Ends MetaMask Probe

Lubin took to X to express satisfaction with the outcome and stated that while Consensys was prepared to fight the lawsuit to its conclusion, the resolution marks a positive development for blockchain software developers.

The announcement follows a series of similar moves by the SEC in recent weeks. The agency has dropped its lawsuit against Coinbase and closed investigations into OpenSea, Robinhood, Uniswap, and Gemini. These actions come a month after the resignation of SEC Chair Gary Gensler on January 20.

Under Gensler’s leadership, the Commission adopted an aggressive approach to cryptocurrency regulation and claimed that most digital tokens should be classified as securities. The regulatory stance resulted in multiple legal actions against crypto firms, with the securities watchdog accusing them of offering unregistered securities.

However, since Gensler’s departure, the SEC has rapidly shifted course, backing away from several high-profile cases.

Lubin Welcomes SEC’s Shift

According to Lubin, the company’s lawsuit against the SEC, which aimed to prevent Ethereum from becoming a target of enforcement actions, was a significant factor in the agency’s decision to halt its investigation into Ethereum.

Lubin described each legal and policy victory as an important step toward building a better financial system and internet infrastructure. Looking ahead, Lubin expressed appreciation for the SEC’s new leadership and the agency’s apparent shift toward a more “pro-innovation” and “pro-investor” stance.

“We will remain deeply engaged with public and private policymakers going forward. Crypto wants the U.S. to address the best interests of consumers and businesses alike, and we are already on our way to making that happen. Now we can get 100% back to building. 2025 is going to be the best year yet for Ethereum and Consensys. The paradigm shift to a much more decentralized world is accelerating.”

The exec had previously criticized the SEC for what he termed an “abuse of power” after Consensys was forced to lay off 20% of its workforce in October last year due to macroeconomic challenges as well as significant legal costs incurred during the extended regulatory battles.