Is the $1.46B Bybit Hack Cooling Speculative Hype?

Bring Mega-Hack sends a wave of panic through the encryption markets, and the most speculative assets-Meme metal currencies with heavier cost. An army of merchants escaped into the risks after the penetration news and rushed to exchange all the volatile symbols with Stablecoins or money, adding to a significant significant sale. Bitcoin lost about 20 % of its highest level (from about 109 thousand dollars to 87 thousand dollars), while the ether decreased about 8 % (about 2800 dollars to 2600 dollars).

The smaller heroes were worse, and the 37 % popular Meme currency index in direct effects. The collapse of the “Mimi currency index” by 36.9 % reflects a sudden change in the mood of the mood towards the risk, as investors threw the high -yielding coins. Bybit saw itself billions of torn, with more than 21,000 BTC and $ 2.25 billion in USDT in a few days when users withdrew their money from the stock exchange. The liquidity is affected by exchanges, the market emotions were affected to be afraid, and the king’s currencies one day began to decline.

The notorious for the wrong price movements from the start, quickly lost the ground after the last signs. For example, on February 21, after some regulatory interest in news, Dogecoin (DOGE), the first Mimi currency, reached about $ 0.26, before decreasing about 10 percent to about $ 0.235 in the same evening after trading. The process of decomposition continued the next day, as it traded for a short period of approximately $ 0.20, making it slightly more than a month of empty and false profit. Shaiba Eno (Ship), the second most important Mimi symbol, significantly decreased.

One of the analyzes noted that when the volatile sheep holders, these two immediately retreated to its lowest multi -week levels. Away, the new metal currencies were spared. On the day the penetration occurred, Bibi, who was working on the ETHEREUM platform and was about 10 % declining, got some of the bounces of dead cats, after recovering by 6 % the next day. Likewise, popular societal symbols such as Floki and Bonk have seen two -digit ratios losses and were not immune to the post -fishing process.

All of them faded with folders and trade, which eventually decreased on the Mimi currency obsession. Speculation about Meme currencies began to show the signs of cooling in early 2025, and the BYBIT accident that accelerated this process. In fact, the numbers that are currently fell exciting: by early March 2025, the market value of the entire Meme currencies decreased to about 54 billion dollars, a decrease of 56.8 % from the highest level in three months worth 125 billion dollars. In other words, from December to March, a paper value of $ 70 billion has been torn associated with meme code of fabric.

Also drying trading, with 26 % support on a monthly basis in Mimi currency sizes the next month peak. At some point in January, exaggerated MG deals made up more than 10 % of the entire coding trading volume, but by April, this number diminished to less than 4 %. This means that many traders have now rotated from Mimi currencies, at least at the time.

The performance of the main coins, before and after the penetration, is highlighted, declining -dogoin (doge): about -22 % during the month that surrounded the penetration. (He still suffers from about $ 0.26 in late February, to about 0.21-0.24 dollars, where a large part of the maximum market was obtained.

Shaiba Eno (Shayb): Nearly 10 % in the same period, with trade prices hovering about $ 0.00001 as the highest levels cannot continue.

Baby (Bibi): The percentage of double number decreases; About 10 % of pre -fishing levels decreased despite short -term apostasy.

Floki (Floki) & Bonk (Bonk): Each of them saw very slope sales exceeding 10-15 % in the weeks that followed the penetration, which reflects a wider contraction through the smaller Meme features.

Such a family name Mimi currencies took all sectors down. Dogecoin itself represents nearly half of the Meme-Coin market value; Its fall normally sides on the scale to have a great effect. The confidence crisis was subsequently observed in social standards as well. With this recession, a significant decrease in social media came around the Meme currencies in Crypto.

The research interests on Google Trends indicated that “Meme Coin” attracted the perfect degree of 100 in mid -January and decreased to 8 in early March around the world. Such a significant decline in the research interest indicates that underlying plots and FOMO (fear of loss) with regard to Meme symbols have almost disappeared since the penetration and the market decline. Even on Twitter and Reddit-A, a good part of the discussion on cooling Meme Coins-Chas.

According to Lunnershush, only extraordinary events, such as Musk tweets, would cause an increase in the number of coins signals after March 2022.

Simply put, trading and sheet chat activities in social circles around Meme currencies have seen an exciting fall, indicating increased caution.