Week of New TGEs: $Pi, $KAITO & $IP
Pi Community ($PI)
After a number of delays, Pi Community’s open mainnet is ready to launch formally on February twentieth. Following this, $PI has been listed on a number of exchanges equivalent to OKX, Bitget, Bitrue, HTX, and BitMart.
$PI launched with an preliminary value of $2 and reached an all-time excessive of $2.2 since its itemizing. Regardless of a pointy drop two days after its itemizing, the Stellar Consensus Protocol’s present stability at $1.58 is exceptional.
Supply: CoinGecko
Kaito AI ($KAITO)
Kaito AI is a number one platform relating to AI & InfoFi by leveraging its customized LLM tailor-made for the crypto area. With a imaginative and prescient to revolutionize data accessibility in Web3, Kaito AI transforms fragmented information into beneficial insights, enabling customers to make extra knowledgeable choices.
Supply: CoinGecko
On February 20, Kaito opened its airdrop declare, through which the allocation was tied to its Yaps Program. Thereafter, the $KAITO value went regular above $1.61, indicating sturdy group help, token usecase and shopping for curiosity post-TGE.
Kaito’s post-TGE resilience highlights the effectiveness of its “Yap-to-Earn” mannequin and powerful group engagement.
In contrast to Pi’s broad however untested base, Kaito’s area of interest specializing in AI-driven initiatives and governance options provides it endurance.
Be taught extra: What’s Kaito AI?
Story Protocol (IP)
Supply: CoinGecko
Story Protocol’s $IP token, launched with its mainnet on February 13, 2025, has seen a standout performer since its TGE. By February 20, the token surged to an all-time excessive of $7.11 and at the moment stands at $4.9 as of right this moment.
$IP value: Up to date on February 25. Supply: CoinMarketCap
The surge to $7.94 displays speculative hype, whereas the correction to $3.96 reveals profit-taking and market stabilization. In essence, $IP advantages from clear utility, which might partly got here from the NFT craze of PFP3 drives the demand for $IP as a consequence of NFT buying and selling actions.
Key factors: PI Community might do properly after the TGE as a result of it had a low preliminary circulating provide. In the meantime, each $IP and $KAITO, that are native tokens, play necessary roles that encourage whales to build up.
OpenSea Faces Controversy For Its New Reward System
OpenSea launched the beta model of its OS2 platform on January 28, introducing an XP factors system—one of many mechanisms used to find out the quantity of $SEA customers might obtain within the upcoming airdrop.
XP factors will be earned by way of itemizing NFTs, making assortment gives, or different interactive components that spotlight XP-earning actions.
Nevertheless, the NFT group rapidly voiced their dissatisfaction with this technique, criticizing it for encouraging wash buying and selling and prioritizing platform earnings from itemizing and bidding charges over supporting creators.
Be taught extra: Opensea and the Harsh Actuality of the NFT Market
Monad Public Testnet Launch
Supply: Monad
Monad is making a big development with the launch of its public testnet on February 19. This marks a key milestone following the completion of its closed testnet section on the finish of 2024.
The testnet will permit the blockchain group to expertise and consider Monad’s processing capabilities in a real-world setting. Builders can have the chance to check their functions whereas additionally contributing to bettering the system’s efficiency and safety earlier than its official launch in late 2025.
Amongst its core capabilities, the testnet introduces a fuel restrict of 300 million fuel per second, anticipated to help a throughput of 10,000 transactions per second (TPS).
Be taught extra: Monad Launches Public Testnet Right now
Monad is such a possible Layer 1 EVM blockchain, as defined in a earlier article . Subsequently, traders ought to carefully monitor the Monad Airdrop to safe early Testnet entry and probably earn substantial airdrop rewards.
Discover the best way to be part of Monad Airdrop successfully and simply right here.
Hackers Steal $1.4 Billion from Bybit
On February 21, Bybit suffered a large safety breach, ensuing within the theft of roughly $1.46 billion in Ethereum (ETH) and associated tokens from one in all its offline chilly wallets. This incident is taken into account the biggest cryptocurrency hack in historical past, surpassing earlier information just like the $611 million Poly Community theft in 2021.
The assault occurred throughout a routine switch from a multisignature chilly pockets to a heat pockets, the place hackers used a complicated methodology to control the transaction course of. They masked the signing interface to deceive Bybit’s crew into approving a malicious switch, permitting the funds to be siphoned to an unknown deal with.
The stolen funds, primarily ETH and staked tokens like stETH and mETH, have been rapidly dispersed throughout a number of wallets and laundered by way of decentralized exchanges, cross-chain bridges, and companies like eXch, with some transformed into Bitcoin to obscure the path.
Bybit’s CEO, Ben Zhou emphasised the corporate’s dedication to recovering the funds, providing a ten% reward for help from cybersecurity consultants, and collaborating with authorities and forensic groups to hint the belongings.
Learn extra: Recap of the $1.4 billion theft from Bybit by hackers
Subsequent Steps
Final week’s crypto and NFT market witnessed ups and downs—from TGE highs to a historic hack—setting the stage for each alternative and warning.
$PI, $KAITO and $IP are holding sturdy post-TGE; monitor their ecosystems (Kaito’s Yaps, Story Protocol’s IP Portal) for indicators of sustained development, whereas $PI with much less utility in tokens remains to be questionable.
In the intervening time, Monad is likely one of the most to-watch protocols for Airdrop potential.
Bybit’s $1.4 billion hack is a stark reminder: audit your safety. Transfer belongings to {hardware} wallets or trusted multisignature setups and keep away from protecting massive sums on exchanges even in chilly wallets.
