2025 Crypto CRISES Explained 📊

1.3 Trillion Dollars.

That’s how much money we’ve lost in leveraged crypto positions this year alone. 

For every hope to make insane crypto profits, the macro environment (read Tariffs)  strikes back unfairly. Who we gon’ blame? 

In Today’s Edition

🌕 Crypto Wipeout
🌕 Conor McGregor’s Crypto Dream
🌕 Solana to $90? 
🌕 A hot, new ETF

Market Watch 🔍

Bitcoin’s price crash over the weekend was a market-wide reckoning. 

The world’s largest cryptocurrency fell below $75,000 Monday morning, dragging ether and other majors like XRP, Solana, and dogecoin down with it. 

Ether cratered to $1,415, losing nearly 15%, while the GMCI 30 index, which tracks the top 30 crypto assets, plunged 8.6%. 

In total, crypto markets have shed over $1.3 trillion in value since January.

The market is blaming the selloffs on fears of recession and market meltdown from the Trump-heralded tariffs.

Fears of an “economic nuclear war” rattled markets from Asia to Europe: Nikkei dropped 8% out of the gate, TSMC hit a limit-down in Taiwan, and South Korea’s Kospi slumped 4.6%.

As TradFi braces for a long, hot trade war summer, crypto's risk-off retreat will be on a full scale. 

Nearly $900 million in crypto long positions were liquidated in 24 hours. One DeFi whale alone lost over $100 million on Sky protocol after ether’s nosedive triggered a margin call.

Technical indicators offer little comfort: XRP broke its 200-day moving average; SOL slipped below $100; DOGE flashed a death cross. 

Analysts warn the downturn could worsen with U.S. markets yet to open.

For now, the only certainty is uncertainty—and in this kind of volatility, even crypto's most faithful are bracing for impact.

Conor McGregor’s $REAL Gets KO

Not even Conor McGregor could land a hit in today’s bruising crypto climate.

His $REAL token—launched in collaboration with Real World Gaming DAO (RWG)—has stumbled straight out of the gate, raising just $392,000 in a 28-hour sealed-bid presale.

That’s less than 40% of its $1 million minimum target, forcing a refund of all bids and a public acknowledgment from RWG: “We need to be real.”

The $REAL token was pitched as more than a celebrity stunt.

Backers included Animoca Brands, KuCoin Labs, and the Tezos Foundation, with promises that revenue from RWG businesses and McGregor’s brands would fuel the token’s utility.

Still, investors weren’t biting.

Despite McGregor’s megaphone—47 million followers on Instagram and 10 million on X—skepticism ran high.

On-chain detective ZachXBT’s sarcastic response to the launch announcement racked up nearly triple the engagement of McGregor’s original post, reflecting a souring mood toward celebrity-endorsed tokens.

This failure isn’t just about one token. It underscores a broader retreat from memecoins and influencer-backed crypto projects.

The GMCI Meme Index, which tracks top memecoins by market cap, has cratered 90% from its peak, with liquidity and hype both drying up.

In a space where narrative drives flow, McGregor’s misfire may signal a tipping point: the market wants substance, not swagger.

Solana At $90 This Cycle?

Once heralded as Ethereum’s ‘killer,’ SOL is now dancing uncomfortably close to the $100 mark.

The coin, which in the past hour clocked a multi-year low of $96, is trading around $100 at the time of writing, having fallen below its long-standing $120 support. 

History suggests this isn’t just a minor slip. Whenever SOL loses its footing at $120, it tends to fall fast and hard. 

Indicators aren’t offering much relief either. Technical metrics like Super VWMA, SuperTrend, and Alpha Quant’s short signals all scream bearish. 

Meanwhile, liquidation heatmaps reveal a brutal unwinding of long positions, with $6 billion wiped out—far outweighing the $4 billion in shorts—painting a market driven by fear, not greed.

Zooming out, Solana’s divergence from the global M2 money supply shows something deeper: Crypto markets, SOL included, are no longer moving in lockstep with liquidity injections. Retail is jittery, and institutions are defensive. 

So, can Solana fall below $100? Yes.  

But whether it rebounds or breaks down further hinges on more than charts—it’s a test of confidence in the chain’s long-term fundamentals amid broader macro and market headwinds.

What’s your bet on SOL? 

What The Coin Is Going On? 🪙

1. Defiance is disrupting financial engineering with its latest filing: an ETF that bets on both sides of the coin. The goal is to profit from the "volatility decay” of Strategy’s leveraged ETFs.

2. WatcherGuru’s analysts believe these are the three coins primed for recovery this week. Make sure to DYOR—-and if you’re trading, head over to Token Metrics.

3. The Reddit rants of a crypto newbie who thinks the Bull Cycle is over.

4. While the world markets rout, Cathie Wood is excited about it’s latest investment: $13M dollars worth of COIN shares after a 5% dip. 

5. Get clear takeaways from today’s episode on Spotify or Apple.

That’s all for today, folks.    

Have a great week ahead!
Your Friend At Token Metrics 💛