Solana’s Decline and New Crypto Initiatives

🟡On February 18, 2025, Bitcoin (BTC) dropped 1% to $95,170, reducing the total market capitalization to $3.16 trillion. Maker (MKR) showed strong growth, surging +11.33%, while Solana (SOL)-based projects suffered heavy losses: Jupiter (JUP) -12.47%, Jito (JTO) -12.2%, Raydium (RAY) -9.56%, and SOL itself lost 10.4%.

🟡Jupiter’s leadership denied any wrongdoing, while Meteora’s CEO stepped down. Meanwhile, Core launched the IstBTC token, and Maple is preparing a new DeFi asset. Additionally, Binance is conducting a community vote on listing PI.