Plus: The latest Satoshi Nakamoto theory

GM. Fruit stands and crypto markets have one thing in common: if you don't pick the right thing, you're stuck with something sour. Luckily, we've sorted it for you.

😐 Yet another presidential rug pull.

🍋 News drops: new Satoshi theory, US states stacking Strategy shares + more

🍍 Market flavor today

Find out more about the Fear & Greed Index here.

Crypto Market Cap: $3.26T 0.08% (24H)
Name		Price	24H	7D
	Bitcoin BTC	$96,941.45	-0.36%	-0.62%
	Ethereum ETH	$2,761.92	2.92%	3.55%
	XRP XRP	$2.69	-1.27%	10.65%
	BNB BNB	$674.59	-0.29%	10.46%
	Solana SOL	$179.62	-5.56%	-11.57%

Bitcoin spent the weekend between $96K and $99K, leaving investors in an awkward mood - not panicking, but not throwing parties either.

That said, even though the price hasn't made any dramatic moves, some stuff's been going on behind the scenes that suggests investors are still buying up BTC instead of selling it off.

One way analysts measure this is through the 30-day moving average (30DMA) exchange inflow/outflow ratio, which basically tracks the amount of Bitcoin going onto exchanges versus the amount being withdrawn.

In plain English:

• If people send a bunch of Bitcoin to exchanges, they’re prolly gonna sell;

• If they pull Bitcoin off exchanges into private wallets, they likely plan to hodl.

Right now, CryptoQuant contributor pointed out that this ratio is below 1, meaning more Bitcoin is leaving exchanges than going in = less BTC available to sell = potential price increase.

Source: @naiivememe

And demand? Oh, it's there.

Since the last Bitcoin halving, about 137K new BTC have been mined - but the big dawgs have bought way more:

• MicroStrategy: ~257K BTC;

• BlackRock’s IBIT: ~311K BTC;

• MARA: ~28K BTC;

• RIOT: ~8K BTC;

• Metaplanet: just bought another 269 BTC, total now at 2K BTC;

• Nation states like UAE (rumored): ~400K BTC.

Mark Moss put it simply - these institutions are yanking BTC out of circulation and stuffing it into "deep dark cold storage" where it might never move again.

And since their buying far outpaces the amount of new BTC being mined, that could create supply pressure = potential price increase.

Source: @0xPolygon

Plus, Jeff Park from Bitwise Asset Management is saying the world is a hot mess right now - tariffs, debt ceiling drama, deglobalization, you name it. But despite all that, Bitcoin’s volatility is at its lowest point all year.

Translation: normally, when the world is on fire, Bitcoin is all over the place. But right now? It's the chill guy.

And Park sees this as a rare opportunity - because if Bitcoin stays steady while everything else goes nuts, people might be really underestimating its strength.

So yeah, BTC is chilling... but don't sleep on it.

🥝 Memecoin harvest

These coins pumped harder than your gym bro on pre-workout. Absolutely juiced.

	Name		24H Change
	BNBXBT BNBXBT		▲ 17.9K%
	Halo Pepe HPEPE		▲ 338%
	Duko DUKO		▲ 185%
	Bill The Bear BILL		▲ 55%

Data as of 06:45 AM EST.

Check out these memecoins and plenty more here.

🗣 Another one

For the first (and probably last) time in history, astrology girls and crypto bros actually have a common topic: Libra.

If they ever actually talked about it, neither would have a clue what the other was saying - but ironically, both would agree it sounds unbelievable.

Today, we're getting into that crypto bro’s side of things.

So, Valentine’s Day. Some of y'all were celebrating love (to someone or to crypto, we don't judge), some were just hanging out, idk.

Meanwhile, Argentina's President Javier Milei was busy promoting a project to fund local businesses. Awwh, so he was celebrating his love for the people, right? 🥹

This project was a damn memecoin, y'all.

Source: @KobeissiLetter

Sounds familiar?..

Source: @bored2boar

Source: @DeFiMidas

… ay, maybe this one is different?

🤡

Within hours, LIBRA hit a $4.5B market cap.

Then, surprise surprise - insiders started cashing out. 82% of LIBRA was held in a single cluster, according to Bubblemaps, and they dumped $87.4M.

And this gets worse.

When LIBRA first launched, traders could buy and sell it on decentralized exchanges. These exchanges rely on liquidity pools, which are basically pots of tokens that allow people to trade assets without needing a direct buyer or seller.

Normally, these pools contain pairs of tokens to make sure there’s enough money to support trading, like:

• LIBRA / USD → So you can swap LIBRA for USD (or vice versa);

• LIBRA / SOL → So you can swap LIBRA for SOL.

What the insiders did, tho':

1. Instead of adding liquidity to fair LIBRA/USD or LIBRA/SOL pools, they created new pools that ONLY contained LIBRA - meaning there was no actual money behind them.

2. At the same time, they pulled money (USD and SOL) from the existing LIBRA trading pools, draining the available funds that would have allowed other people to sell their LIBRA for real assets.

This way, they were able to cash out without immediately crashing the price, and by the time the market reacted, there was no money left to absorb the sell-off.

The result? A 95% price collapse, as their $87.4M sell-off sucked all the liquidity out, leaving everyone else holding a worthless bag.

TL;DR:

And what did Milei do? He deleted his promo post and wrote this:

Source: @JMilei

Bro really hit us with an "oopsie 🤭."

So, what's next?

• Milei’s now facing legal charges over his involvement in this pump-and-dump.

• He could be looking at impeachment.

• He’s calling in Argentina's Anti-Corruption Office to investigate if anyone in the government - including himself (???) - acted improperly.

Source: @naiivememe

And the plot thickens.

Apparently, LIBRA was launched by the same team behind MELANIA (which we covered here).

Coffeezilla tracked down one of the insiders - Hayden Davis - and got an absolutely unhinged interview.

Some highlights:

All the b*tching on socials is all the people that don’t get into the deals. You’ll never hear them b*tch if you’re in the deal.

Argument of the year fr. Only people who aren't scammers complain about scammers 👏

So it’s like, what do you do then? You don’t launch the project? How do you make money then?

Hayden, you were SO CLOSE! If it’s financial fraud - yes, you don’t launch the project. Hope this helps ❤️

I mean, props for the honesty, but man…

Source: @PixOnChain

Obviously, this got the crypto community pissed - not just at LIBRA, but at memecoins in general. So, the the peak of the memecoin hype might be behind us for now.

Just imagine explaining this to the pilgrims… What a time to be alive, huh?

🍋 News drops

🔎 New Satoshi theory alert! Some people now think Jack Dorsey might be the mysterious Bitcoin creator.

💰 Pension funds and state treasuries across 12 US states have apparently been stacking shares of Strategy (formerly MicroStrategy). $330M worth, to be exact.

🧐 Not sure where to trade your favorite alts? We've put together a guide to help you find the best exchange for the job.

🍌 Juicy memes

Source: @AltcoinGordon

Source: @AltcoinGordon

Source: @naiivememe