The crypto market fell 3.6% over the past 24 hours, bringing the total market capitalization to $3.3 trillion. Leading altcoins, including Ethereum, XRP and Solana, have shown resilience amid modest declines. The sector has just weathered a $1.4 billion loss after the Bybit hack — the largest theft in cryptocurrency history — and the market’s ability to absorb the shock has left many investors cautiously optimistic. As traders monitor developments, some attention has turned to iDEGEN (IDGN). The AI-agent project has raised roughly $24 million in its presale so far. According to iDEGEN’s presale page, the project is scheduled for exchange listings on February 27, 2025.
Industry praises Bybit’s response after the $1.4 billion hack
On February 21, Bybit confirmed it had suffered what appears to be the largest hack in crypto history. Hours later, blockchain researcher ZachXBT reported the apparent perpetrators. According to the investigation, 401,000 ETH tokens worth more than $1.4 billion were stolen, and the Lazarus group — a hacking collective believed to be backed by North Korea — has been linked to the attack. This group has been tied to other major incidents, including the Phemex breach. The scale of this theft is notable: the loss represents roughly 16% of the total value of reported hacks, a staggering figure. Despite initial panic and outflows from Bybit, the exchange has received praise for how it handled the aftermath.
Bybit manages withdrawals
Bybit CEO Ben Zhou personally led the official communications and updates. Compared with many previous hacks, Bybit appears to have managed the situation more effectively. The exchange maintained solvency and was able to process customer withdrawals with a 1:1 asset-backed approach. Importantly, industry peers and competing exchanges rallied to provide support. In his update, the CEO noted that support via bridge loans helped Bybit secure funds equal to about 80% of the stolen assets. Bitget also contributed 40,000 ETH, valued at over $105 million, to assist. As Bybit works to investigate the incident, investor sentiment has remained bullish in many quarters, with some forecasting that 2025 will continue to be a bull market and that the coming months could bring significant upside.
iDEGEN raises $24 million ahead of February 27 exchange listing
iDEGEN, which uses the native token IDGN, is an AI-driven project operating within the fast-growing market for AI agents. While the token and meme-token culture have been prominent drivers in crypto, the convergence of AI and crypto has created new momentum for projects like iDEGEN. The project is now just days away from its market debut.
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
As projects like Virtuals Protocol and those backed by major investors advance, market interest in novel AI-agent models has grown. iDEGEN positions itself uniquely by offering an unfiltered AI agent to the degenerate trader community — no safety rails, no restrictive constraints. The project initially launched interactions on X (formerly Twitter), then expanded to Telegram and TikTok, which rapidly built a sizable community and fueled presale demand.
That community-driven approach has helped iDEGEN raise more than $24 million as the team advances toward a leading position in the AI-agent token niche. The presale runs through February 26; 24 hours later, on February 27, IDGN is scheduled to list on exchanges. iDEGEN has specifically announced an upcoming listing on the centralized exchange BitMart. According to the project, BitMart is set to list IDGN on March 4, 2025. Current presale pricing for iDEGEN is $0.0345 per token, rising to $0.038 in the final presale stage. If post-listing momentum aligns with bullish catalysts across the crypto market, the token’s value could see significant appreciation. For official details and updates, consult the project’s own resources.