Latest Crypto Market News Today, September 24: Downtrend Not Done, The Dip Keeps on Dipping, Total Market Cap Below $4T as BTC, XRP, ETH Slump VS USD

SOL USD has tumbled a further 3.5% overnight, following a seven-day stretch that has seen Solana fall by 10%. SOL is now trading for $211 and has been losing ground rapidly due to the strength of the BNB Smart Chain (BSC) ecosystem. Utility tokens on BSC, such as ASTER, STBL, and APX, have been performing well, while the Solana memecoin ecosystem has been struggling.

The run from $160 to $250 for SOL through August and September was primarily driven by the strength of PUMP PUMP ▲0.00%, which itself increased by over 300% within the past two months. However, a retracement on PUMP, coupled with a crash throughout its memecoin ecosystem, has caused SOL USD to slip close to $200 once more.

solana

Price

Market Cap

SOL

$125.08B

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A pan-European crypto scam worth over €100M ($118M) has been broken up, according to Eurojust. Fraudsters lured investors through subtle, nefarious platforms, rerouted their money to Lithuanian accounts, and vanished once withdrawals were requested.

“The alleged mastermind is suspected of large-scale fraud and money laundering,” Eurojust said in its Sept. 22 announcement.

My plan at the start of 2025 was to flee to Central Europe, what could go wrong? Apparently, this is one of the many things that could go wrong.

The fraud had been active since at least 2018 and had spread to Germany, France, Italy, Spain, and beyond.

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Fluid crypto exploded with a 63% pump in 24 hours of its Upbit debut, as expected, as the exchange draws intense attention from Korean markets. The Fluid Upbit listing catapulted trading volumes to more than $100 million just today. With the market growing in the DeFi space and the Fluid token price hovering around $8, people are calling it the best crypto to buy now, with the momentum in the early phase.

(source – CoinGecko) 

Post-listing, Fluid saw open interest rise sharply. Coinglass data showed significant inflows matching historical patterns of other successful crypto listings. Fluid Upbit pairs (KRW, USDT, and BTC) are those with the most active pairs within hours, which catalyzes the current pump.

According to DefiLlama, its total value locked (TVL) recently broke $1.5 billion, climbing steadily over the past few months.

(source – Defillama) 

Some compare Fluid to earlier-stage DeFi giants like Aave, pointing to stronger LTV ratios and a more efficient capital use model. Add to that a governance token with real utility and staking mechanics, and it comes with something more than just a hype, speculative pump. People even mentioned nearly $10 million in revenue-sharing and buybacks, a perfect metric for long-term plays.

(source – TradingView)

DISCOVER: 9+ Best Memecoin to Buy in 2025

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The quest for a new presale to buy is gaining urgency as Trump-linked crypto projects like WLFI, Melania, and TRUMP face sell-offs. These tokens once promised politically backed breakthroughs; now they’re bleeding under pressure, and investor FUD is rampant. Are any of them salvageable, or is the real upside hidden in fresh launches elsewhere?

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