The Solana-based decentralized finance (DeFi) protocol Step Finance fell victim to a hack that drained over $27 million from its reserves, crashing its native token, STEP, by over 90%.
In the wake of this debacle, DeepSnitch AI, a platform building next-generation AI-driven blockchain-supported surveillance tools, takes the industry by storm with Fort Knox-level security for users and the protocol itself.
Its native token, DSNT, is currently priced at $0.0383 in stage five of its presale, following a 150% increase and a $1.46 million investment. Many predict it could pump 100x upon launch, dubbing it the next crypto to explode.
Step Finance loses $27M to protocol hack
Bad actors circumvented Step Finance’s security and drained the protocol of the majority of its assets after accessing several of its treasury wallets. This incident triggered a sharp sell-off of its native token, STEP, which fell by over 90%.
The portfolio tracking platform disclosed this fiasco in an X post on January 31, noting that the attack happened during APAC hours. Blockchain security firm and data provider Certik revealed that approximately 261,854 SOL were unstaked and transferred from Step Finance-owned wallets.
Without going into details, the platform stated that the hack occurred via a well-known attack vector. However, the platform has commenced remediation.
Three breakout crypto projects defying the current market outlook
1. DeepSnitch AI presale surges past 150% after fresh 100x forecasts
DeepSnitch AI could be the next big cryptocurrency, delivering real-time, actionable intelligence on whales, influencers, and hidden deals through its proprietary AI agents.
Powered by its native token DSNT, these AI agents (SnitchScan, SnitchGPT, SnitchCast, SnitchFeed, and AuditSnitch) monitor on-chain transactions, social channels, and private groups to identify market opportunities that traders can exploit to maximize profits.
DeepSnitch AI also unlocks exclusive access to uncapped high-yield staking and a dashboard where traders can monitor market shifts, whale movements, and frontrun trades. The platform has undergone several security checks, making it secure for users.
If you’re looking for coins ready to rally, DSNT fits the bill, jumping 150% to $0.0383 in stage five of its presale and poised for further growth. Some predictions even suggest it could soar 100x this quarter, making it the next crypto to explode.
2. PUMP price prediction: Pump.fun faces legal scrutiny
Over the past week, PUMP demonstrated strength, dropping 2.82% to $0.0024 while the rest of the market bled way more. In terms of performance, this puts it above most of the top 100 cryptocurrencies by market cap.
However, Pump.fun and the Solana network were hit with a class-action lawsuit alleging insider trading and questionable token launch practices. Pump.fun has established itself as a major player in the Solana network, facilitating meme coin launches in the millions.
Despite the lawsuit, Pump remains a top-performing asset, leading to speculation that its price could jump to $0.0030 as it pursues attention-grabbing ventures, such as the recently announced $3 million hackathon initiative to build on Solana.
3. Canton price prediction: Will it continue the bullish trend?
Canton token is up 21% over the past week to $0.18. This rally is owing to traditional finance investors taking an interest in the Canton Network to leverage its blockchain privacy solutions.
Much of this attention stems from JPMorgan’s JPM Coin settlement framework and a pilot program by the Depository Trust & Clearing Corporation to explore tokenized US Treasuries.
While these developments are still in their early stages, they highlight how traditional finance firms are testing blockchain-based settlement systems.
Given this adoption, CC could continue rising in value, possibly crossing $0.20 in the days ahead among the breakout crypto projects.
The bottom line
While the rest of the market tumbles, DeepSnitch AI, Pump, and Canton Network maintain an upward trajectory, ranking among the breakout crypto projects.
However, traders are more focused on DeepSnitch AI amid predictions that it could be the next crypto to explode 100x this quarter. As a result, more than $1.46 million has been invested in its ongoing presale.
On top of potentially growing your portfolio a hundred-fold, you can enjoy a limited-time offer of up to a 300% bonus on purchases above $30,000 by using the code DSNTVIP300.Visit the official website for more information, and join X and Telegram for community updates.
FAQs
1. Which asset are investors betting on to be the next crypto to explode?
DeepSnitch AI could be the next crypto to explode by a hundred-fold this year as it provides easier ways to gather on-chain data that investors can capitalize on for massive gains.
2. Which coins look primed to rally amid the market downturn?
From their performance this past week, DeepSnitch AI, Pump, and Canton Network are the most likely coins to maintain an uptrend amid the current red market.
3. Why is DeepSnitch AI considered the next big cryptocurrency?
While still in its presale, DeepSnitch AI has delivered 150% returns to early participants, and it looks primed to soar 100x from its current price of $0.03577.