Movers of the Day 21-Feb-2025

Tokens and coins that moved the most in the last 24 hours:

Top movers of the day are Vana and Ethena which has increased by 5.29% since 7 pm. Vana is 2.95% lower.

The crypto markets finished the day in red as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) ended -3.31%. 2100NEWS Total Index (NWST1100) ended -2.76%. Bitcoin ended -2.42%, Ether ended -3.13%.

Supplemental notes detail the criteria for highlighting these specific cryptocurrencies and indices. The provided data offers a snapshot of the last 24 hours until midnight. Therefore, it may not accurately represent the current market conditions at the time of your inquiry.

Ethena (ENA)

Ethena is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money, USDe, alongside a globally accessible dollar savings asset, sUSDe. Ethena’s synthetic dollar, USDe, provides the crypto-native, scalable solution for money achieved by delta-hedging Bitcoin, Ethereum and Solana spot assets using perpetual and deliverable futures contracts, as well as holding liquid stables such as USDC and USDT. USDe is fully-backed (subject to the discussion in the Risks section regarding events potentially resulting in loss of backing) and free to compose throughout CeFi & DeFi.

7:10 p.m. update: Top mover of the day is Vana which has increased by 7.17% since 2 pm. BinaryX and Story Protocol are lower: BNX -2.09%, IP -7.42%.

Overview: The hack of the cryptocurrency exchange Bybit on February 21, 2025 caused an afternoon drop in cryptocurrency prices. According to Coindesk.com, more than $1.4 billion was stolen, of which $200 million has already been liquidated on decentralized exchanges. Since 2 pm 2100NEWS Indices have dropped from 2.43% to 4.66%. 2100NEWS Total Index (NWST1100) is 2.85% lower. Bitcoin has fallen by 1.97%, Ether even by 4.66%.

Vana (VANA)

Vana is the first network for user-owned data. It transforms how data is owned, shared, and monetized. The Vana L1 enables users to pool their data in DataDAOs while maintaining control and privacy. Developers can leverage these decentralized datasets to create next-generation applications, such as AI models and data-driven dApps.

Top Movers of the Day (at 2 p.m. update):

• BinaryX and Story Protocol: These cryptocurrencies have grown remarkably over the past 24 hours, with BinaryX rising by 9.72% since the morning update.

Overview: Over the last 24 hours, the crypto market has entered an intense bullish phase, with new highs confirming upside momentum. Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips”. The index has mirrored the overall trend. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 1.09% to 4.35% since midnight. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap. It has surged by 2.01% over the last 24 hours, confirming broad market strength. Bitcoin and Ether: Over the previous 24 hours, Bitcoin has risen by 1.50%, while Ether has outpaced Bitcoin, surging by 2.25%.

Conclusion

✔ Bullish momentum continues, with markets reaching new highs.
✔ Ethereum and altcoins are gaining traction, indicating a broad market rally.
✔ Bitcoin remains stable, supporting overall market strength.

BinaryX (BNX)

BinaryX is the platform cryptocurrency for the BinaryX ecosystem, which includes the DAO and all products & games utilizing $BNX. BinaryX began as a decentralized derivative trading system. Recognizing the burgeoning popularity of GameFi and interest in the metaverse games, the team gradually evolved into developing decentralized video games and is now fully transitioning to be a GameFi platform offering IGO services to bridge Web2 developers to Web3.

Top Movers of the Day (at 9 a.m. update):

• Jito Labs and Story Protocol: These cryptocurrencies have grown remarkably over the past 24 hours, with Jito Labs rising by 11.61% since midnight.

Overview: Over the last 24 hours, the crypto market has remained bullish, with strong momentum keeping prices elevated. Buyers stepped in after the correction, preventing further downside.

1. NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has mirrored the overall market trend.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.22% to 1.48% since midnight.
3. 2100NEWS Total Index (NWST1100): This index represents a broad spectrum of the crypto market and tracks 1100 significant cryptocurrencies based on their market cap. It has risen by 1.44% in the previous 24 hours.
4. Bitcoin and Ether: Over the previous 24 hours, Bitcoin has risen by 1.29%, while Ether has increased by 0.89%, lagging slightly behind Bitcoin but maintaining positive momentum.

Jito (JTO)

Jito is the liquid staking service for Solana that distributes MEV (maximum extractable value) rewards to holders. The Jito Stake Pool enables users to stake their Solana tokens in exchange for a liquid stake pool token (JitoSOL). The JitoSOL token provides liquidity while earning a combination of staking rewards and MEV rewards. Jito’s liquid staking token is unique in two ways: (1) JitoSOL provides additional rewards to users from MEV transactions happening on Solana; (2) Jito exclusively stakes with validators that run software designed to improve network performance. The improvements from introducing an auction mechanism so network congestion is less likely.