The cryptocurrency market has experienced a dramatic downturn, with significant losses across major digital assets. Bitcoin (BTC) has fallen below $95,000, Ethereum (ETH) has plummeted to $2,600, and altcoins like XRP, Solana (SOL), and Dogecoin (DOGE) have suffered double-digit declines. This crash, driven by geopolitical tensions and new US trade tariffs under President Donald Trump, has wiped out over $2 billion in liquidations within 24 hours. Despite the chaos, Binance CEO Richard Teng has stepped forward with a message of resilience and optimism for the crypto community.
There’s understandably been a lot of panic surrounding the market volatility and sudden selloffs.
This is not the first time it has happened, and it won’t be the last either. Here are 3 pieces of advice I would like to share with you.
A thread.
— Richard Teng (@_RichardTeng) February 3, 2025
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“It’s helpful to realize that this downturn is temporary,” Says Teng
In a 3 February 2025 post on X, Teng said, “There’s understandably been a lot of panic surrounding the market volatility and sudden selloffs. This is not the first time it has happened, and it won’t be the last either.”
Furthermore, he offered three pieces of advice.
“This too shall pass!” said Teng. “It’s helpful to realize that this downturn is temporary.”
He pointed out that “like traditional markets, the crypto market is cyclical in nature, with its moments of ups and downs.”
“But,” he added, “the positive thing is that the overall trajectory of the crypto market is one of growth.”
According to him, when markets slow down, it’s the perfect time to build and learn!
“Focus on product development, improve technical skills, study projects, explore new protocols, and connect with communities. Use quieter periods to strengthen your foundation and prepare for opportunities,” he added.
Teng pointed out that as the crypto market matures, volatility will become less of a concern. “Volatility is tied to market size—assets with smaller market caps are more volatile. As digital assets gain utility value, volatility will be less of a concern,” he said. “That’s a cause for optimism!”
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Best Crypto To Buy Today
Solana has taken the front of the meme crypto trading volume, and Raydium has recently outpaced Uniswap.
The American blockchain, 
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January 2025 saw an explosive volume spike in Solana meme crypto trading. Memecoins accounted for 65% of Raydium’s monthly trading volume, a speculative and fun trading hub.
Pump.fun, a meme coin launchpad on Solana, has also been very helpful during this Solana volume spike. The launchpad facilitates the creation of new meme coins, which then find their primary trading venue on Raydium.
When a token on Pump.fun hits a market cap of around $70k to $100k, depending on the Solana price, it bonds. Bonded meme coins from Pump.fun automatically add liquidity to Raydium’s pools, creating a cycle of liquidity and volume that benefits both platforms.
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