Memecoin Up Tens of Percent, Why Did the Crypto Market Skyrocket Today (2/26/25)?

Jakarta, Pintu News—On February 26, 2025, the cryptocurrency market experienced a significant surge, especially in the meme coin sector, which recorded a price increase of up to 30%.

This rise aligns with several important developments that shook the market, such as the termination of the SEC investigation against Uniswap, considered a major victory for the DeFi ecosystem.

On the other hand, despite the surge in meme coins, CryptoQuant CEO Ki Young Ju’s prediction of a “selective altcoin season” in 2025 suggests that not all altcoins will succeed in the upcoming market.

Check out the full analysis here!

Memecoins Up to 30%

On February 26, 2025, the cryptocurrency market showed positive movement, with several coins experiencing significant price spikes. The dominance of today’s gains was seen in meme coins, which managed to grab more attention.

Among the coins that saw big gains, Rats (Ordinals) recorded the biggest spike at 0.43 IDR per coin, jumping by 37.33% in the last 24 hours. This was followed by Zerebro, which rose by 34.75%, Just a Chillguy, which saw a 32.96% increase, and Peanut the Squirrel, which lifted by 29.99%.

Meanwhile, major coins such as Bitcoin BTC0.07%->Current BTC PriceRp 1.368.173.6180.07%Market CapRp 33.034 TriliunTrading VolumeRp 1.590 TriliunCirculating SupplyRp 19.797.675, Ethereum ETH0.70%->Current ETH PriceRp 31.381.7110.70%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0, and XRP also showed movement, albeit at a smaller rate. Bitcoin, for example, decreased by 2.46%, while Ethereum increased slightly by 0.71%.

Also read: 1 Pi Network (PI) to Dollar Price Today (2/26/25)

SEC Ends Investigation: Uniswap Announces Case Closure

Uniswap Labs, the developer behind the decentralized exchange Uniswap, announced that the SEC has halted its investigation into the company.

In a post on X on February 25, Uniswap stated that the SEC decided not to take enforcement action against them. This decision follows the Wells notice Uniswap received in April 2024, when the SEC was led by Gary Gensler.

“This is a big win for DeFi and confirms what we have always believed-that the technology we are building is on the right track legally, and our work is on the right side of history,” Uniswap said.

Read also: How much does 1 Pi Network (PI) cost (2/26/25)?

Altcoin Predictions 2025: CryptoQuant CEO Says ‘Most Altcoins Won’t Survive’

Reporting from Cointelegraph, according to Ki Young Ju, CEO of CryptoQuant, most cryptocurrencies other than Bitcoin and Ethereum are unlikely to see a big rise in the “altcoin season” in 2025.

However, projects with strong fundamentals and sustainable revenue models could outpace the market in general. Ju added, “The era where all altcoins had a big run-up is over.”

This prediction comes as 24% of the 200 largest cryptocurrencies fell to their lowest levels in over a year, fueling speculation about the possibility of the market capitulating.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Here’s what happened in crypto today. Accessed February 26, 2025
• Featured Image: Generated by AI