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Crypto Daily 2025-02-27 12:54:13

Traders Lose Confidence in Ethereum After $1.4 Billion Hack, Capital Moving to DTX & SUI at Aggressive Rate

After the massive $1.4 billion hack on Bybit’s ETH reserves, the crypto market is experiencing significant turbulence. This security breach has not only impacted the Ethereum price but also shaken investor confidence. As a result, traders are now moving their funds into DTX Exchange and SUI Blockchain for better returns. Out of these two, DTX is still in the bonus stage of public presale which means early adopters can get these tokens at as low as $0.18. Until now, the project has raised over $15 million which shows the high potential of this project. Let’s talk about these tokens and the hack a bit more. DTX Exchange Listing Price Bumped to $0.36 Per Token The crypto market is experiencing a major shift as traders move their funds from ETH to DTX Exchange and SUI after the $1.4 billion hack. With the aim to provide innovative trading features, DTX is emerging as a formidable contender in the crypto space. This platform will offer traders access to over 120,000 asset classes including stocks, forex, ETFs, and cryptos. DTX Exchange has already accumulated over $15 million in under eight rounds of presale and is still not done. Moreover, the team has now bumped up the listing price for DTX tokens to $0.36 on major exchanges which means double the profit for early investors who’ll buy tokens at $0.18 in the bonus stage of presale. The number of token holders has crossed 700,000, which shows the growing investors' confidence in the project. One of the major reasons why this platform is gaining much hype is the VulcanX blockchain on which it’s being built. It can handle 200,000 transactions per second, which means the users won’t have to face any delays while trading. Moreover, DTX will use a no-KYC policy. This means that the platform will prioritize user anonymity while maintaining security measures to protect assets with quantum-proof technology. Bybit’s ETH Reserves Hack Impacting the Ethereum Price The recent ETH tokens hack valued at $1.4 billion has sent shockwaves through the crypto market and has impacted the Ethereum price and investor sentiment. Following the announcement of the hack, the Ethereum price experienced a sharp decline. As of February 24, 2025, the ETH token is trading below $2,700 with a slight decline in price on the 24-hour chart. However, on the 30-day chart, the Ethereum price is down by around 18%. Source: CoinMarketCap Even though the Ethereum price experienced a sharp decline due to the hack, it won’t have any long-term repercussions for the project, according to experts. As for the technical analysis of the ETH token, moving averages are indicating strong selling pressure. With the Ethereum price currently in decline due to the hack, investors are moving their funds into safer projects like DTX Exchange which could offer higher returns. Is SUI Gearing Up for a Breakout or Facing More Downside? According to experts, ETH investors are now moving their funds into safer alternatives like SUI and DTX. SUI Blockchain is an established platform with almost $10 billion in market cap. Currently, this token is trading between $3.45 and $3.20 on the daily chart. However, on the monthly chart, the SUI token is down by over 20%. Source: CoinMarketCap Just recently on February 1, 2025, the SUI network released 64.19 million tokens, worth over $265 million into circulation due to which it has struggled to maintain bullish momentum. With trading volume declining and token unlocks increasing circulating supply, SUI Blockchain is facing uncertainty about whether it will breakout or not. This made inventors prefer DTX over it as it could offer much higher returns in a short time. Final Thoughts Even though ETH has been a dominant force, the Ethereum price has been impacted by recent security concerns, leading traders to move into SUI and DTX. With over $15 million raised in presale, DTX Exchange is positioning itself as a strong contender for becoming one of the best ICOs in 2025. Now that the project is in the final stage, it’s the last chance for early movers to double their investment by positioning themselves in the project at just $0.18 before it officially lists at $0.36. Check out these links for more information about DTX Exchange: Buy Presale Visit DTX Website Join The DTX Community Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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