Altcoins

The growing appetite for memecoins may be limiting Solana’s price performance, industry insiders told Cointelegraph.

The change to the Ethereum Foundation followed months of complaints from the community that the project was headed in the wrong direction.

The Ethereum developer was also recently informally elected as head of the Ethereum Foundation in a non-official, non-binding vote.

Memecoins are evolving into retail investor traps, with insider trading and rug pulls raising regulatory concerns, industry observers told Cointelegraph.

“Binance hasn’t ‘dumped’ or ‘sold’ large amounts of tokens as some tweets have wrongly claimed,” a Binance spokesperson told Cointelegraph.

Ethereum faces another 30% drop to $1,500 if the ETH price double-top pattern plays out, making the $2,000 level increasingly important for the bulls to hold.

Commissioner Caroline Crenshaw said that the agency’s working definition of memecoins was vague and could be easily misconstrued.

A group of analysts say various data points support an XRP rally to $18,000 per coin. Cointelegraph takes a closer look at the data.

Only the altcoins with potential ETF approvals and solid revenue-generation models will outperform the crypto market in 2025.

Solana price may have bottomed at $125, but large SOL token locks starting on March 1 will be the deciding factor.