Former Celsius Network CEO Alexander Mashinsky is facing a recommended sentence of at least 20 years in prison for leading what prosecutors describe as a years-long fraud that caused billions of dollars in losses and devastated thousands of everyday investors.
Mashinsky, who founded Celsius in 2018, built the platform into a major name in the world of cryptocurrency. He promoted Celsius as a safe alternative to traditional banks, where users could earn interest by storing their digital assets.
According to court documents, Mashinsky misled customers about how their money was being handled, used risky investment strategies behind their backs, and lied about Celsius’s financial health. He also used customer funds to manipulate the price of the company’s own CEL token, secretly selling his personal stash of tokens for tens of millions of dollars.
When Celsius collapsed into bankruptcy in 2022, thousands of investors lost their savings. Many were ordinary people who believed their assets were safe.
Mashinsky pled guilty in December 2024 to two criminal counts: lying about the safety of Celsius’s investment platform and manipulating the price of CEL for personal gain. He admitted to personally profiting over $48 million from the schemes, while total losses exceeded $550 million.
Despite the plea, prosecutors say Mashinsky still refuses to fully accept responsibility. They accuse him of trying to shift blame to others, including market conditions and even his victims, and of shielding assets through family-controlled trusts.
Government attorneys argue that a long sentence is necessary—not only to punish Mashinsky but also to send a clear message to others in the crypto industry The final sentence will be decided by a federal judge in New York.
CEL Token Surges Despite Legal Trouble
Surprisingly, after news of the sentencing recommendation broke, the price of CEL soared by over 70%, currently trading at $0.15. In the past 24 hours, CEL has seen a low of $0.08667 and a high of $0.1782. Still, the token remains far from its glory days. CEL’s all-time high was $8.02 on June 4, 2021, meaning it’s down over 98% from that level.
With the end of March, Q1 2025 is also coming to a conclusion. This quarter was not the best for the crypto market, with its excessive losses and extreme volatility, similar to how meme coins operate.
Discussing the bane of the meme coin market, Harrison Seletsky, the Director Of Business Development at Digital Identity Platform SPACE ID, talked about the role of a strong investor base.
“Hype can move the price of a memecoin up, but they also collapse just as fast if there is no interest to sustain them, which is usually the case. That’s why it’s so important to filter out the noise as much as possible,” Seletsky noted.
Thus, BeInCrypto has analyzed five meme coins that have stood the test of time and volatility and are preparing for further gains in April.
Fartcoin (FARTCOIN)
FARTCOIN has emerged as one of the top-performing meme coins this month, rising 107% to trade at $0.61. This impressive increase has allowed the meme coin to recover all the losses it faced in March and February.
To recover its January losses, FARTCOIN will need to continue its upward momentum. The key resistance level to watch is $0.69. A successful break above this level and a move toward $1.00 could signal the beginning of a sustained rally, potentially pushing the price higher in the coming days.
However, if FARTCOIN fails to hold $0.69 as support and misses the $1.00 target, it could face a sharp decline. A drop back to $0.37 would erase much of the recent gains, invalidating the bullish outlook. This pullback could shift investor sentiment towards caution, stalling further growth.
Cheems (CHEEMS)
CHEEMS has emerged as one of the top-performing meme coins this month, rising 130% since the beginning of March. Currently trading at $0.000001927, the altcoin has also posted a new all-time high (ATH) of $0.000002179.
The shift in broader market cues toward recovery has likely sparked newfound interest among CHEEMS investors. If the positive trend continues, the meme coin could push toward $0.000002500, further fueling its rally.
However, if the bullish signals begin to fade or if investors start selling their holdings, CHEEMS could face downward pressure. A fall toward the support level of $0.000001660 or lower would invalidate the bullish outlook. This potential decline could halt the altcoin’s growth and shift market sentiment.
Mubarak (MUBARAK)
MUBARAK launched this month and has already experienced notable volatility. The meme coin is up 95% since its launch, with the current all-time high (ATH) at $0.221. This strong early performance reflects investor optimism and a positive market reception for altcoin’s entry into the crypto space.
Currently trading at $0.145, MUBARAK is aiming to break through the resistance levels at $0.149 and $0.173. Successfully clearing these levels would likely lead to a new ATH beyond $0.221. Such a breakthrough would demonstrate continued bullish momentum and attract more investors to the altcoin.
However, if MUBARAK fails to capture sufficient investor attention, the price could dip to $0.130. A further decline could push the altcoin down to $0.118 or $0.105, invalidating the bullish outlook. Such a drop would signal weakening market sentiment and potential setbacks for MUBARAK’s growth.
Dogecoin (DOGE)
Dogecoin has not registered exceptional gains this month but managed to break out of a two-month downtrend. The altcoin rose 22% in a week, trading at $0.203. This recent upward movement signals a potential shift in market sentiment, suggesting that Dogecoin could see more positive momentum.
Given the current market conditions, Dogecoin is likely to continue its gradual uptrend. This momentum could help the altcoin breach the $0.220 resistance and move toward $0.267. If this upward trend continues, Dogecoin could see sustained growth and attract additional investor interest.
However, if Dogecoin fails to breach the $0.220 level, the price may struggle to maintain its upward movement. A failure to hold above this level could lead to a drop toward $0.176 or even $0.147, invalidating the bullish outlook and potentially extending the losses experienced by the altcoin.
Peanut The Squirrel (PNUT)
PNUT has experienced a 17% loss this month but is closer to recovering its losses. Currently trading at $0.221, the meme coin is beginning to show signs of recovery. The altcoin’s recent price movement signals that it may be positioned for potential growth if market conditions improve.
The primary target for PNUT is to breach the $0.260 resistance and flip it into a support level. If successful, this would pave the way for the meme coin to reach the next key resistance at $0.330. A move above $0.260 would signal further bullish momentum for PNUT.
However, if PNUT fails to breach $0.260 and the price struggles to hold, it could fall back to $0.219. A further drop to $0.182 would invalidate the bullish outlook, erasing recent gains and potentially setting the stage for a prolonged downtrend.
In a crypto market where many tokens are competing for visibility, only a few stand out for having both solid fundamentals and unmatched entry points. Mutuum Finance (MUTM) is one standout, still available at a modest entry price of $0.025. While larger-cap assets grab the headlines, investors are zooming in on this low-cap DeFi token that analysts say could be gearing up for a 3400% rally once it hits public markets.
With so many speculative plays circulating, the appeal of a project like Mutuum lies in its actual utility. It’s not just promising potential—it’s laying the groundwork to deliver on it.
Mutuum Finance (MUTM)
The numbers speak volumes. Mutuum has already raised over $7 million in its presale, with more than 420 million tokens sold and nearly 9,000 wallet holders already involved. As of now, the fourth presale phase is halfway sold out, and interest is ramping up fast. Once this phase closes, the price will move to $0.03—locking in a 20% gain for early buyers.
Given there are only 11 presale phases in total, each stage brings a new price increase, creating urgency among those who don’t want to miss out. Getting in early often leads to the highest potential returns.
What separates Mutuum Finance from many other presale tokens is the combination of real functionality and smart token mechanics. The platform is built for decentralized lending and borrowing, where users can either supply assets or borrow against their existing holdings using smart contracts. These contracts are undergoing a full audit by CertiK, further reinforcing the protocol’s transparency and security focus.
When users deposit assets into Mutuum, they receive mtTokens—digital assets that represent their deposit plus real-time interest accumulation. These mtTokens aren’t just placeholders; they’re active tools. Users can hold them, trade them, or use them within broader decentralized applications. This system ensures that every dollar put into the protocol is working, constantly growing through interest-based yield.
A portion of its protocol earnings is used to purchase MUTM tokens from the open market. These tokens are then redistributed to mtToken holders and participants within the ecosystem. It’s a closed-loop system that reinforces value instead of diluting it.
The current entry point of $0.025 opens the door for massive returns. Analysts are eyeing a conservative $0.85–$1.00 price target post-launch, which would already represent a 3400% increase from today’s valuation. And that’s without factoring in what happens once exchange listings begin. Exposure to wider audiences almost always triggers new waves of buying activity, and Mutuum has already hinted at major exchange announcements coming shortly after launch.
To put that in perspective: a $1,200 allocation at the current price secures 48,000 MUTM tokens. When the token reaches just $0.85, that position would be worth over $40,000. A $2,500 investment? You’re looking at potentially $100,000+ in return.
Beyond the financial forecasts, the core of the project is focused on sustainability. The team is preparing to launch an overcollateralized stablecoin designed to give users liquidity without forcing them to sell core assets. This feature alone gives Mutuum a real-world use case that goes beyond hype.
Borrowers retain ownership of their assets while unlocking liquidity, and lenders generate passive income through dynamic APY, depending on pool utilization. These are functions seasoned crypto investors actively look for—and Mutuum has packaged them together with flexibility and simplicity.
While many investors chase tokens that have already hit the spotlight, Mutuum Finance offers the kind of asymmetric upside that only early-phase entries can. Backed by DeFi utility, a working roadmap, and strategic tokenomics, it’s becoming one of the best crypto projects to consider before launch.
With the presale still open and the next price increase already in sight, MUTM isn’t just a DeFi token to watch—it’s the one to act on.
For more information about Mutuum Finance (MUTM) visit the links below:
The post This $0.025 Token Is on Track for a 3400% Run, According to Market Analysts appeared first on Coinpedia Fintech News
In a crypto market where many tokens are competing for visibility, only a few stand out for having both solid fundamentals and unmatched entry points. Mutuum Finance (MUTM) is one standout, still available at a modest entry price of $0.025. While larger-cap assets grab the headlines, investors are zooming in on this low-cap DeFi token …
Bitcoin has surged past the $88,000 mark, yet altcoins have not followed with a major breakout. However, crypto analyst Rekt Capital suggests that the altcoin market may be showing early signs of a rally. If its market capitalization moves toward $315 billion, it could pave the way for the long-anticipated altcoin season.
Altcoins Recover After a Sharp Drop
Altcoins are starting to show strength after successfully retesting an important support level. Earlier this year, the altcoin market saw a steep 55% decline from its peak. Since then, it has regained momentum, bouncing back from key support zones.
Rekt Capital’s analysis shows that the market has rebounded from a macro wedge pattern and is now testing the $250 billion level. This level has historically played a key role in shaping price trends, making it a crucial point to watch.
In previous cycles, similar setups have led to significant price increases, which makes the current movement particularly important for investors. If the market can stay above $250 billion, the next major target would be $315 billion, a level that has acted as strong resistance in the past.
Is Altcoin Season Finally Coming?
According to Blockchain Center, last year saw brief altcoin rallies, but none lasted long enough to be considered a full altcoin season. Typically, an altcoin season occurs when 75% of the top 50 altcoins outperform Bitcoin over a 90-day period, usually following a Bitcoin surge.
Blockchain Center’s Altseason Index recorded short bullish runs in January, March, and December 2024, but they were too brief to mark a true altcoin season. Unlike previous cycles from 2015-2018 and 2019-2022, the current 2023-2025 cycle has yet to produce a clear shift in favor of altcoins.
As of now, the Altcoin Season Index stands at 20, indicating that Bitcoin remains dominant. This suggests that altcoin season may still be some time away, but investors are closely watching for signs of change.
Guess we’ll just have to keep our eyes glued to those numbers, and see if the altcoins decide to finally throw their own party
FAQs
What are the top 3 altcoins?
The top 3 altcoins by market cap are usually Ethereum (ETH), Binance Coin (BNB), and Solana (SOL), but rankings can change based on market trends.
When will the next altcoin season start?
Altcoin season may start if the market cap reaches $315B, as per analyst Rekt Capital. Current trends suggest Bitcoin still dominates the market.
The post Crypto Trends: Altcoin Season in Sight if Market Hits $315B appeared first on Coinpedia Fintech News
Bitcoin has surged past the $88,000 mark, yet altcoins have not followed with a major breakout. However, crypto analyst Rekt Capital suggests that the altcoin market may be showing early signs of a rally. If its market capitalization moves toward $315 billion, it could pave the way for the long-anticipated altcoin season. Altcoins Recover After …
