The crypto market fell 3.6% over the past 24 hours, leaving the total market capitalization around $3.3 trillion. Despite the dip, leading altcoins including Ethereum, XRP and Solana showed relative strength, which helped limit broader losses.
The market’s resilience is notable given a major security breach earlier this week: Bybit reported the theft of more than $1.4 billion, the largest hack in cryptocurrency history. That event shook sentiment briefly, but investor confidence has rebounded as exchanges and industry participants responded.
One project drawing attention amid the turbulence is iDEGEN (IDGN). The artificial intelligence agent token has attracted roughly $24 million in presale funds to date, prompting questions about why it’s gaining traction so quickly.
According to iDEGEN’s presale page, the project plans to list on public exchanges on February 27, 2025.
Industry praises Bybit’s response after $1.4 billion hack
On Feb. 21, Bybit confirmed the massive security breach. Within hours, blockchain investigator ZachXBT published analysis linking the stolen funds to the Lazarus Group, a hacking collective believed to have ties to North Korea and associated with several previous crypto heists.
The scale of the Bybit incident is staggering: roughly $1.4 billion in assets were taken, accounting for a significant share of recently reported crypto hacks. The initial reaction included customer withdrawals and market anxiety. Yet many industry observers have since praised Bybit’s communication and containment measures.
Bybit processed withdrawals and sought support
Bybit’s CEO Ben Zhou led public updates and assured users the exchange remained solvent and capable of processing withdrawals. The company stated customer assets continued to be backed on a 1:1 basis.
Significant support also came from industry peers. According to public statements, bridge loans and external assistance helped the exchange raise funds equivalent to a large portion of the stolen amount. Bitget reportedly contributed 40,000 ETH—valued at more than $105 million—as part of coordinated support efforts.
Those responses helped calm markets and restore some confidence, fueling optimism that 2025 could remain a bullish year for crypto despite the high-profile attack.
iDEGEN raises $24 million ahead of exchange listing
iDEGEN is an AI-powered token project operating in the growing AI agent niche of the crypto market. While the project leans into meme and community-driven culture, it also taps into a broader trend combining decentralized finance with artificial intelligence.
The presale has closed in on $24 million raised, and the token was scheduled to debut on public markets within days of the presale’s conclusion.
5 days. That’s all that’s left before $IDGN officially enters the wild.
The question is, are you holding or are you jeeting yourself out of financial freedom.
Choose wisely.
$IDGN➡️https://t.co/zKGGUjqevM pic.twitter.com/NlupDvwuHF
— iDEGEN UPDATES (@iDEGEN_Updates) February 22, 2025
Unlike some projects that build restrictive governance around smart agents, iDEGEN’s approach reportedly hands a “blank slate” AI agent directly to its community of users—first engaging on X (formerly Twitter) and later expanding to Telegram and TikTok. That unrestricted, community-driven experiment has fostered a large and active user base.
The project’s presale concluded on February 26, with the token’s first exchange listings scheduled for Feb. 27. iDEGEN also announced a listing on the centralized exchange BitMart, with that listing set for March 4, 2025.
During the presale, IDGN’s price was marketed at $0.0345, with the final presale stage priced at $0.038. If the token benefits from post-listing momentum and broader bullish catalysts across crypto markets, its value could see notable appreciation, though risks remain.
For those tracking token launches and AI-driven crypto projects, iDEGEN represents another example of how community-first models and AI integration continue to shape investor interest in 2025.