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In a sudden escalation that jolted global risk assets, U.S. bombers launched a series of attacks on Iranian nuclear facilities, bringing in a fresh influx of market volatility. The crypto market, often the first to react during geopolitical uncertainty, nosedived as traders rushed for exits.
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Within a single day, over $1 billion in long positions vanished in forced liquidations. Bitcoin briefly sank below $98,500, its lowest point in weeks, while Ethereum collapsed to levels last seen in early May.
Altcoins followed suit. Yet, even amid the panic, signs are emerging that the shakeout may have cleared the path for accumulation. Many seasoned investors now view this as a potential opportunity in disguise.
$1 Billion Wiped Out as Geopolitical Shock Triggers Crypto Market Collapse
The strike by the U.S. on Iran was dubbed Operation Midnight Hammer, and by the time the sun rose in New York, crypto traders were facing the wreckage. In the hours following the U.S. bombing of three Iranian nuclear sites, panic spread through the market.
Nearly 240,000 traders were liquidated in a single 24-hour stretch, with the greed index pointing to Extreme Fear. By Sunday afternoon, the damage was clear: over $1.05 billion in open positions had been erased, with long traders absorbing most of the blow.
💥 In the past 24H, 245,358 traders were liquidated — $1.05B gone. Last 4H alone? $222.87M rekt.
Bitcoin sank to just above $98,000, dragging Ethereum as low as $2,200 before buyers nudged it slightly higher. It wasn’t just the major two cryptos. Altcoins like Solana, Litecoin, and XRP all posted their lowest levels in months also.
Sentiment trackers began lighting up with fear, and prediction markets also started indicating a clear bearish tilt, with a growing share of participants betting on further downside.
And yet, this chaos also highlighted what is often overlooked: the unwavering accumulation by institutions. While retail panic played out in public charts, private dashboards continued recording steady inflows into wallets associated with major players.
BlackRock, Fidelity, and MicroStrategy have not just held their positions; they’ve been buying more. Their behavior suggests that what looks like a collapse to some appears to them as a discount worth seizing.
Reply guys have turned violently bearish in comments.
While Blackrock is literally buying billions of ETH.
The most obvious trade of the decade. Buy & hold everything.
With liquidation pressure exhausted and prices stabilizing above recent lows, many investors now believe the current level may be the floor. This is not blind hope, but rather conviction backed by data, capital, and the quiet movements of those with the longest time horizons.
Best Crypto to Buy Now As A Rebound Becomes Likely
SUBBD
The drive toward independent income streams has pushed millions of creators to platforms that promise direct fan support yet still keep a big slice of revenue for themselves. SUBBD rewrites that model by giving creators absolute control of pricing, access tiers, and payout cadence, all secured on-chain.
Each subscription is minted as a transferable pass, which means supporters can later trade or gift access if they choose, adding a liquid dimension an ordinary paywall cannot match. The SUBBD token sits at the center of the experience. It settles fees, unlocks advanced analytics, and grants voting rights on future platform upgrades. Staking routes a share of protocol income back to token holders, creating an organic yield that grows alongside the creator base.
The project has raised upwards of $690k in its presale, which is impressive for a project that was introduced barely a few weeks ago. On the surface, SUBBD looks like a familiar Patreon-style hub, yet underneath it leverages immutable contracts, transparent royalties, and permissionless payouts that traditional processors simply cannot offer.
The recent market flush has pulled the token to valuations last seen months ago, turning a short-term panic into an entry point for anyone betting on the long ascent of the creator economy.
Best Wallet Token
Most wallets stop at basic custody. Best Wallet sketches something far more ambitious, bundling portfolio tracking, on-ramp aggregation, cross-chain swaps, and a built-in loyalty layer that rewards every meaningful action inside the app. That loyalty fuel is Best Wallet Token.
Pay gas with it and network fees drop. Hold it and weekly snapshots assign lottery tickets for partner airdrops. Stake it and the protocol shares a slice of the swap spread back to you, turning routine transfers into a passive income stream.
The team has also linked the token to a risk shield: a treasury-funded insurance pool that covers users against smart contract exploits up to a predefined cap. Institutional integrations are rolling out as well, with custodians exploring white-label versions that keep Best Wallet Token at the core of fee settlement.
In a climate where even seasoned traders feel rattled, an all-in-one vault that rewards activity and mitigates risk displays clear utility. The sell-off has shaved speculative froth from the price, yet daily active addresses inside the ecosystem continue to climb, suggesting that genuine usage is overpowering short-term fear.
Solaxy
Solaxy is a purpose-built Layer 2 solution for Solana, developed to fix the congestion issues that have repeatedly plagued the chain. While Ethereum’s rollup-centric roadmap has matured over time, Solana lacked a comparable infrastructure layer until now.
Solaxy brings transaction rollups and off-chain execution to the Solana ecosystem, reducing both fees and the risk of transaction failure during high network activity. This is not a theory. It’s already live in test environments and has processed millions of simulated transactions across bridged assets.
The token at the core of this network, SOLX, powers every major function. It is used to pay for gas, secure the rollup chain, and stake for validator roles. Holders can also lock SOLX during the presale to earn an impressive staking reward, a mechanism designed to both incentivize early participation and bootstrap liquidity.
Solaxy integrates Hyperlane to ensure compatibility across Ethereum, Solana, and Base, bringing a cross-chain dimension to a network that is already fast on its own.
Its presale has already raised over $58 million, making it one of the largest Layer 2 launches this year. With mainnet claiming going live shortly and staking, bridge, and explorer tools arriving in July, the rollout is both aggressive and timed with precision.
In a market where empty promises are still too common, Solaxy’s delivery timeline, technical foundation, and community response suggest it is one of the few projects living up to its architecture-first narrative.
Snorter
Snorter looks like a joke at first glance thanks to its cartoon snout logo and loud memes, yet under the surface sits a finely tuned trading engine that lives inside a simple Telegram chat.
Built from the ground up for Solana’s blistering throughput, the bot taps a private cluster of RPC nodes to sweep new liquidity pools the instant they appear, calculate true slippage in a live order book, and dispatch swap transactions in less than a single block interval.
Speed alone would attract speculative flows, but Snorter adds an automated risk filter that reads contract bytecode for honeypot triggers, stealth tax clauses, and hidden mint functions, then delivers a plain-language warning before any funds leave a wallet.
Utility converges on the SNORT token. Holders unlock graduated tiers of service that begin with priority routing and progress to copy trade modules where users can mirror the wallet activity of verified high-performing addresses.
The same token reduces bot fees on a sliding scale, turning frequent traders into natural long-term stakeholders. Snorter’s presale was also endorsed by top crypto content creators and YouTubers like ClayBro and others, adding to its popularity and trust factor.
Governance runs through an in-built polling tool that lets token holders vote on new analytics features or allocate treasury funds to strategic liquidity incentives, giving the community direct influence over roadmap spending rather than a passive seat on the sidelines.
In a market still nursing volatility scars, a tool that fuses speed, safety, and community-guided evolution delivers real substance behind the memes.
Conclusion
A $1.03 billion liquidation wave cleared out overleveraged positions and rattled even the most seasoned holders. Yet in its wake, the market has begun to show signs of recalibration. Prices are stabilizing. Long-term buyers, including institutions with deep conviction, are quietly re-entering the arena.
This kind of environment often separates noise from value, especially as crypto is still an asset class that is gaining global recognition and trust. While fear still lingers in sentiment charts, history suggests that moments like these tend to reward those who act with foresight rather than hesitation.
Several tokens now sit at levels that many investors previously viewed as unreachable, yet here they are, trading at what could very well be cyclical floors. For those with a sharp eye on fundamentals and utility, this may prove to be one of the better entry points in recent months.
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Nikolay is a crypto enthusiast, with a keen interest in emerging technologies and investment strategies. He holds active positions across various crypto exchanges, regularly analyzing and investing in promising new projects and meme cryptos. Nikolay is known for his ability to take calculated risks and extract value from unconventional investments, with his highest return being 13X with the $PEPE token.
His investment philosophy includes a strategic approach focused on long-term growth, supported by in-depth research of market trends and innovations in crypto and blockchain technologies. Niki actively monitors global market changes and has a deep understanding of cryptocurrency mechanisms and their potential for development.