A bit of bouncing around
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 23rd February 2026.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
Pepe Cousin Goes Parabolic
A hype-drenched memecoin, Pepeto (PEPETO), has just exploded on the scene, going from below a penny to 40 cents in mere hours as its pre-sale on decentralized exchanges hogged attention in an otherwise sluggish conditions.
We’ve seen PEPETO describe itself essentially as PEPE with DeFi tools. It’s pre-sale raised $7M. At least one Pepe co-founder is supposedly involved in this project.
"Pepeto was built as infrastructure for a meme economy worth billions but scattered across dozens of chains," said a Pepeto team member in a press release. "Working demos are live. Full launch is imminent."
What's down
Bitcoin Rebounds; Solana Slumps
Tariff uncertainty once again roiled crypto markets. Bitcoin late Sunday went from straddling the outskirts of $68K to barely clinging to $64K. It happened just around midnight. President Trump over the weekend issued new tariff threats, creating a fresh batch of confusion. BTC fell 5% even as spot gold spiked to its highest point in three weeks.
Weak liquidity, low conviction, there you have it — that's the story of the biggest crypto getting pummeled during the latter part of Sunday night, says Markus Thielen, head analyst, 10x Research. Added CoinDesk: “Panic selling is cooling … a bottom-building phase may be underway.”
As of today at 8:15 a.m. (EST), BTC had rebounded back to $66K.
Most coins are in the red today. Among Big Ten digital assets, Solana endured the brunt of the downside volatility. SOL late Sunday fell from $83 to $77 but has since climbed back to about $80, per CoinGecko.
What's next
Wait, Was That Just An XRP Capitulation Event?
It’s been seven months since XRP hit its all-time high of $3.65. The $2 mark? It hasn’t been tasted since mid-January. And this past week was particularly unpleasant for the token connected with Ripple, the payments technology company behind XRP Ledger.
XRP’s spot price fell 5% to $1.40. Worse, Santiment data on Sunday revealed XRP just over the past seven days endured realized losses of $1.93 billion. That's not just on paper. These lumps counted. Consider, however, that a big spike in loss-booking, or “surrender selling,” can often be linked to what eventually gets dubbed a “capitulation event," which is a trading technician's equivalent of the darkness before dawn.
It’s not entirely insignificant that there were ample investors willing to buy the XRP that so many chagrined sellers wanted to offload, so much so that they accepted prices below what they originally paid. The last time XRP’s realized losses reached a magnitude on par with this past week was about 39 months ago. Afterward, XRP went on to rally 114% over an ensuing eight-month period. This recent surrender event could be a sign, said CoinDesk, that “panic selling may have reached an extreme.”
