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Injective (INJ) Crashes 90%: Market Cap Falls to $300M Amid Weak Fundamentals

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TLDR:

  • Injective INJ lost 90% as market cap fell from $4B to $300M due to weak fundamentals.
  • Total value locked remained under $100M, failing to support previous market hype.
  • Price failed to reclaim $10 breakout level, signaling structural trend weakness.
  • Large protocol wallets reduced circulating liquidity, increasing volatility and pressure on INJ.

 

Injective (INJ) has experienced a steep decline, losing nearly 90% of its market value. The token’s market cap dropped from almost $4 billion in 2024 to around $300 million today.

Early hype around on-chain derivatives, fast execution, and new integrations fueled a vertical price surge. However, underlying fundamentals such as total value locked (TVL) and trading activity did not grow at the same pace, leading to structural weaknesses that became evident over time.

Rapid Valuation and Price Structure Shifts

During 2024, Injective’s market cap approached $4 billion while TVL remained under $100 million, according to a report by Our Crypto Talk.

The gap between valuation and actual capital suggested the market was pricing in significant future growth. Investor attention focused on derivatives and integration narratives rather than tangible ecosystem adoption.

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The token’s price rallied sharply, creating a vertical move that often signals overextension. When market risk appetite slowed, the price faced pressure as participants questioned whether usage and capital were sufficient to support such a high valuation.

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In late 2025, INJ attempted to reclaim its previous $10 breakout level. The attempt failed, showing that buyer conviction was weakening.

Technical indicators, including the RSI, did not regain strength, and the trend channel continued downward. The failed breakout signaled a structural shift, with previous support zones now acting as resistance.

Price behavior reflected not just a temporary dip but a broader market reassessment. When a token cannot hold key technical levels, it indicates that participants are hesitant to enter at higher prices, resulting in a sustained decline.

TVL Limitations and Supply Concentration

Injective’s TVL never matched its market hype. At a nearly $4 billion market capitalization, TVL remained under $100 million, highlighting limited capital adoption.

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Competing chains offered deeper liquidity and lower fees, attracting more participants. Without a strong TVL foundation, price momentum was harder to maintain, making the market correction inevitable.

Supply concentration also added downward pressure. A wallet labeled “Peggy Bridge Proxy” holds roughly $248 million of INJ, representing a large portion of the total market cap.

Although the wallet is protocol-related, its presence reduces effective circulating liquidity, making the token more sensitive to market movements.

Thin tradable supply contributes to higher volatility and faster drawdowns. It also complicates recovery because fewer tokens are available for market participants to absorb buying or selling pressure.

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At its current $300 million valuation, INJ’s recovery would require meaningful TVL growth, increased derivatives volume, and broader participation beyond structured wallets.

Reclaiming previous technical levels would further indicate a healthier market structure and renewed investor confidence.

This reset in expectations may provide a clearer foundation for future growth if underlying metrics improve.

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Meme Coins Rebound as Santiment Signals Capitulation

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total meme coin market cap

Meme coin market capitalization reached $34.5 billion with a 3.5% gain over 24 hours, according to CoinGecko data.

Summary

  • Meme coin market cap climbs to $34.5B with modest gains.
  • Santiment calls “meme era dead” sentiment a capitulation sign.
  • DOGE leads sector while Pump.fun posts strongest rebound.

Trading volume hit $2.89 billion as major tokens posted modest recoveries, with Pump.fun leading gains at 9.3% and Shiba Inu climbing 5.7% during the period.

Santiment identified a “nostalgia” narrative forming around meme coins as traders treat the sector as “permanently dead.”

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The sentiment analytics platform called this collective acceptance of the “end of the meme era” a classic capitulation signal.

“When the crowd completely writes off a sector, it is often the contrarian time to start paying attention again,” Santiment reported.

Dogecoin leads market cap at $16.3 billion

Dogecoin (DOGE) holds $16.29 billion in market capitalization, accounting for 47% of the total meme coin sector. The token traded at $0.09659 with 4.3% gains over 24 hours.

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Shiba Inu (SHIB) ranks second with $3.74 billion in market capitalization at a price of $0.006343. The token posted 5.7% gains over 24 hours and 1.1% over seven days.

total meme coin market cap
Meme coin marketcap: CoinGecko

MemeCore holds third position at $2.37 billion market capitalization but posted the weakest performance among top tokens. The coin traded at $1.36, down 4.5% over 24 hours and 18.9% over seven days.

Pepe (PEPE) maintains $1.59 billion in market capitalization at $0.003792 per token. The frog-themed coin gained 3.1% over 24 hours but declined 2.5% over seven days.

Pump.fun posts strongest 24-hour gains at 9.3%

Pump.fun recorded the sector’s strongest 24-hour performance with 9.3% gains to reach $0.0021. The token holds $1.24 billion in market capitalization with seven-day gains of 1.3%.

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The overall meme sector shows mixed signals. While 24-hour performance appears positive with market cap climbing 3.4%, seven-day charts reveal most tokens remain under pressure.

Only Shiba Inu and Pump.fun posted positive weekly gains among the five largest meme coins tracked.

Santiment’s capitulation signal comes from widespread trader pessimism declaring the meme coin era finished.

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Best Altcoin to Watch Now as Bitcoin (BTC) Is Down Almost 50% From ATH

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Bitcoin

As Bitcoin (BTC) struggles to regain its former highs and crypto prices today remain under pressure, investors are looking for altcoins that can outperform during market consolidation. One project capturing attention is Mutuum Finance (MUTM), a next-generation DeFi platform currently in its Phase 7 presale. With its innovative design, rewarding mechanisms, and growing ecosystem, MUTM is positioning itself as a promising alternative for both new and seasoned crypto investors.

Entry Price Advantage 

Currently valued at $0.04, the MUTM token has surged an impressive 4x from its initial $0.01 price. So far, $20.52 million has been raised, and the holder count sits at around 18,980. In each presale phase, the price of the MUTM token has increased by nearly 20%, making it one of the best crypto options for early investors.

In fact, investing now while using crypto or cards could be particularly advantageous, as the potential launch price of $0.06 is still ahead. This means investors today could potentially enjoy growth of around 50%. For example if someone invests $2,000 today, at the anticipated launch price the total value holding will reach $3,000.  With a current entry price of $0.04, MUTM presents an excellent opportunity to start accumulating before launch.

Mutuum Finance (MUTM) Launched on Ethereum (ETH) Testnet

A key reason for MUTM’s rising prominence is the recent launch of its V1 protocol on Ethereum (ETH)’s Sepolia testnet. This environment allows users to interact with fully functional smart contracts without using the real assets in a risk-free setting, creating confidence ahead of the mainnet release. During this phase, participants can explore features such as lending, liquidity pools, mtTokens representing lender shares, debt tokens for borrowers, and a liquidator bot ensuring system solvency. 

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Launching V1 protocol on the testnet gives the community early access to experience the protocol before the mainnet release. This phased deployment enhances transparency, encourages early engagement, and allows the development team to collect practical feedback for optimization. As more users interact with the testnet, confidence in the ecosystem is expected to grow, supporting long-term interest and demand for the MUTM token making it one of the top altcoin options to buy now.

Bitcoin

Looking ahead, the team will introduce peer-to-peer (P2P) lending, enabling users to negotiate loans directly without intermediaries. This feature will drive more platform activity, generating additional fees and increasing organic demand for MUTM. By giving investors early exposure to its protocol, Mutuum Finance (MUTM) is cultivating trust and a committed community — essential ingredients for sustainable growth in the DeFi arena.

Alongside lending, analysts say Mutuum Finance (MUTM) is planning to launch its own stablecoin. Designed to stay near $1, it will only be minted against crypto collateral and burned upon loan repayment or liquidation. This structure ensures value preservation and liquidity circulation, which will reinforce MUTM’s utility and support consistent borrowing and lending activity. Stablecoins have historically anchored thriving DeFi ecosystems, and this implementation could further accelerate MUTM adoption hence increase its value to somewhere $0.5 to $1 within a year.

Buy-and-Distribute Model Creates Sustained Demand

Another compelling factor that makes MUTM the best altcoin to watch is its buy-and-distribute model. Revenue generated from lending and borrowing will be used to repurchase MUTM tokens from the open market. These tokens are then distributed to mtToken stakers as rewards, incentivizing active participation and reinforcing long-term MUTM demand.

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This mechanism ensures that the platform’s growth directly benefits its community. The more users interact with Mutuum Finance (MUTM), the more revenue is generated, fueling further buybacks and rewards. 

With Bitcoin (BTC) under pressure, Mutuum Finance (MUTM) offers investors a compelling alternative. Its carefully designed ecosystem, presale incentives, and sustainable tokenomics make MUTM one of the best altcoins to watch now. As the platform moves closer to mainnet, MUTM is likely to capture further attention, making this phase of the presale an attractive window for potential gains.

For more information about Mutuum Finance (MUTM) visit the links below:

Website: https://www.mutuum.com

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Linktree: https://linktr.ee/mutuumfinance


Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Elon Musk’s X (Twitter) Is Launching Crypto Trading Features

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Why DOGE and XRP Holders Are Excited

Social media platform X, formerly known as Twitter, is set to integrate stock and cryptocurrency trading directly into user feeds.

This move marks a significant escalation in Elon Musk’s bid to transform the platform into a dominant player in financial technology.

On February 14, Nikita Bier, X’s head of product, said the new functionality will allow users to execute trades immediately after discovering an asset on their timeline.

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The feature centers on “Smart Cashtags,” an evolution of the platform’s existing indexing system. Currently, users prefix ticker symbols with dollar signs—such as $BTC for Bitcoin—to create clickable links.

Under the new system, tapping these symbols will display live price charts and related posts, and offer direct trading options.

This development is the company’s latest move to reduce friction when switching between social media and brokerage applications. By bridging these functions, the update potentially accelerates how quickly retail investors can act on information

The integration is a cornerstone of Musk’s broader strategy to evolve X into an “everything app.” Notably, he has championed this concept since acquiring the company in 2022.

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The vision mirrors the utility of Asian “super apps” that combine messaging, social networking, and payments.

Over the past years, X has ramped up efforts to build a financial ecosystem. The firm has laid the groundwork for peer-to-peer transfers, daily consumer payments, and now, active investing.

However, the intersection of social media hype and financial speculation poses moderation challenges.

Bier noted that while the company intends for cryptocurrency to proliferate on the platform, it remains cautious regarding user experience.

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He warned that applications that create incentives for spam, raiding, or harassment will not be supported. According to him, such behavior “meaningfully degrades the experience for millions of people.”

So, as X transitions from a town square to a trading floor, the company faces the dual challenge of competing with established brokerage firms while navigating the regulatory complexities inherent in facilitating financial transactions for a global user base.

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Sui Blockchain Secures Institutional Backing as Grayscale Files ETF with Coinbase Custody

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TLDR:

  • Grayscale’s S-1 amendment for Sui ETF with Coinbase custody brings institutional capital access channels. 
  • zkLogin technology eliminates seed phrases by enabling Google, Face ID, and phone authentication methods. 
  • Object-centric architecture processes transactions simultaneously, maintaining sub-cent fees during peak usage. 
  • Move programming language prevents asset duplication and deletion, eliminating common smart contract exploits.

 

The Sui blockchain has entered a new phase of development in February 2026 as institutional finance shows increased interest in the platform.

Grayscale recently amended its S-1 filing for a Sui exchange-traded fund, naming Coinbase as custodian. This development marks a shift from retail-driven speculation toward institutional infrastructure adoption.

The move signals growing recognition of Sui’s technical capabilities and regulatory compliance standards within traditional finance circles.

Institutional Capital Opens New Access Channels

The Grayscale ETF filing represents more than a routine regulatory submission. Exchange-traded funds transform digital tokens into recognized financial instruments accessible to pension funds and retirement accounts.

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These institutional investors can now gain exposure without managing wallets or private keys directly. Coinbase’s role as custodian addresses security and compliance requirements that traditional finance demands.

Bitcoin ETFs previously demonstrated how institutional access drives capital inflows at scale. However, Bitcoin had already matured before ETF approval.

Sui remains in earlier development stages, meaning institutional capital entering now carries greater relative impact. Fixed supply dynamics combined with increasing demand create favorable conditions for long-term growth.

The institutional validation extends beyond price speculation. Regulatory recognition attracts enterprise developers and commercial applications.

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Projects building on blockchains with clear compliance pathways face fewer legal uncertainties. This regulatory clarity reduces friction for businesses considering blockchain integration.

Capital markets now view Sui as legitimate infrastructure rather than experimental technology. The shift reflects broader industry maturation as crypto moves from speculative trading toward functional utility.

Traditional finance involvement brings stability and resources that support long-term ecosystem development.

Technical Architecture Removes Adoption Barriers

Sui addresses two critical obstacles that have prevented mainstream adoption. The platform eliminates seed phrase requirements through zkLogin technology developed by partners, including Human.tech’s Wallet-as-a-Protocol and Ika.

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Users authenticate with Google accounts, Face ID, or phone numbers while maintaining full asset control. Zero-knowledge authentication verifies identity without exposing private keys to third parties.

This onboarding simplification removes the most intimidating aspect of cryptocurrency usage. Traditional wallet setup requires writing down twelve-word phrases and understanding address systems.

Sui reduces this process to familiar login methods users already trust. The technology breakthrough makes blockchain accessible without requiring technical education.

The underlying architecture also delivers performance improvements. Sui employs an object-centric model where assets exist as independent objects rather than account balances.

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Tokens, NFTs, and smart contracts process simultaneously instead of sequentially. This parallel execution prevents network congestion even during high-demand periods.

Transaction fees remain under one cent with finality achieved in approximately 400 milliseconds. The Mysticeti consensus upgrade further reduced latency.

Move programming language adds security advantages by treating assets as resources that cannot be copied or accidentally deleted.

This design eliminates common exploit categories, including reentrancy attacks. The combination of usability and technical performance positions Sui for practical application deployment across finance and gaming sectors.

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Figure Technology Data Breach Exposes Customer Personal Information

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Figure Technology Data Breach Exposes Customer Personal Information

Figure Technology, a blockchain-based lending firm, was reportedly hit by a data breach after attackers manipulated an employee in a social-engineering scheme.

The incident allowed hackers to obtain “a limited number of files,” a company spokesperson told TechCrunch. The company said it has begun notifying affected parties and is offering free credit-monitoring services to anyone who receives a breach notice.

Details about the scope of the incident, including how many users were affected or when the intrusion was detected, were not disclosed publicly. Cointelegraph reached out to Figure for comment, but had not received a response by publication

The hacking collective ShinyHunters claimed responsibility on its dark-web leak site, alleging the company declined to pay a ransom. The group published roughly 2.5 gigabytes of data said to have been taken from Figure’s systems.

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ShinyHunters publishes stolen data. Source: Dominic Alvieri

Related: ‘Hundreds’ of EVM wallets drained in mysterious attack: ZachXBT

Leaked Figure data includes names, addresses

TechCrunch reported that it reviewed samples of the leaked material, which included customers’ full names, home addresses, dates of birth and phone numbers. This information could be used for identity fraud and phishing attempts.

As Cointelegraph reported, crypto phishing attacks linked to wallet drainers dropped sharply in 2025, with total losses falling to $83.85 million, an 83% decline from nearly $494 million in 2024, according to Web3 security firm Scam Sniffer. The number of victims also fell to about 106,000, down 68% year over year across Ethereum Virtual Machine chains.

Researchers said the drop does not mean phishing has disappeared. Losses closely tracked market activity, rising during periods of heavy onchain trading and easing when markets cooled. The third quarter of 2025, during Ethereum’s strongest rally, recorded the highest losses at $31 million, with monthly totals ranging from $2.04 million in December to $12.17 million in August.

Related: Crypto hack counts fall, but supply chain attacks reshape threat landscape

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Figure Technology goes public

Figure Technology went public in September last year, listing on the Nasdaq Stock Exchange. The fintech firm, known for its blockchain-based lending, priced its initial public offering (IPO) at $25 per share, raising $787.5 million and achieving an initial valuation of approximately $5.3 billion to $7.6 billion.