From Slump to Pump? Ethereum’s February Hopes!

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• Ethereum Drops 7% in January, But Next 2 Months Typically ‘Very Good’ for Gains

• Bitcoin Wallets Holding $100 Near Record Highs

• Coinbase CEO Calls for Overhaul of Asset Listing Process

• Meme Coins and Art Markets Share Similar Economics - Ki Young Ju

📉 Ethereum Drops 7% in January, But Next 2 Months Typically ‘Very Good’ for Gains

The price of ETH sunk by 6.7% so far this month, falling from its Jan. 1 high of $3,400.

• Ethereum (ETH) dropped by almost 7% in January, moving in a different direction to Bitcoin and the broader crypto market.

• February and March have historically been very bullish for ETH, with February only seeing a loss once (2018) in the last six years, according to CoinGlass data.

• Some of ETH's February gains include a 46% rise in 2024 (from $2,280 to $3,380) and a 48% surge in 2017 (from $11 to nearly $16).

👛 Bitcoin Wallets Holding $100 Near Record Highs

Bitcoin wallet addresses with $100 or more surged from 24 million in January of 2024 to almost 30 million in 2025.

• The number of Bitcoin wallets holding at least $100 is nearing all-time highs, mirroring patterns that were seen during past bull runs in 2017, 2021, and late 2024.

• Spot Bitcoin ETFs contributed to this growth a lot, with ETF holdings doubling to 1.25 million BTC by the end of 2024.

• Bitcoin’s network security also reached record levels in January of 2025, as its hashrate surged to over 800 exahashes per second (EH/s). This is a 33% increase from 2024's 600 EH/s.

🗣️ Coinbase CEO Calls for Overhaul of Asset Listing Process

Brian Armstrong proposed revamping the exchange’s asset listing process to address the overwhelming growth of new tokens.

• The creation of approximately 1 million new tokens weekly caused Coinbase CEO Brian Armstrong to propose changes to the exchange's asset listing process.

• Armstrong suggested shifting from a manual "allow list" model to a "block list" approach by using automated scans and customer reviews to evaluate tokens.

• This hybrid model could streamline the listing process, promote innovation, and ensure security and compliance in the crypto space.

🎨 Meme Coins and Art Market Share Similar Economics - Ki Young Ju

Ki Young Ju recently said that meme coins and the art market share similar valuation mechanisms as both rely on the power of narrative creation to increase prices.

• Ju predicts the meme coin market will mature over the next five years and will avoid collapse despite challenges like rug pulls and fake tokens.

• In a Jan. 26 post, Ju compared the meme coin market to the art market, and argued that both legitimize intangible value through narrative and should not be dismissed as scams.

• A December CoinGecko report revealed meme coins were the leading crypto narrative of 2024, drawing more than 30% of global investor interest.

👀 QUICK NEWS

• Bitcoin May Be ‘Double Topping’ for a Price Slide to $75K

• Brazil Bans Worldcoin from Giving Crypto for Eye Scans

• Pump.fun Set Single-Day Revenue Record, Raking in $15.5 Million in Fees Following Anniversary

• Polymarket Faces Backlash Over TikTok Ban Prediction Market Resolution

• Hackers Promote Fake Crypto From TV Star Dean Norris’ Compromised X Account

MEME OF THE DAY

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