On-Chain Data

PANews February 18 News, according to Onchain Lens monitoring, the Trump Meme coin team distributed a wallet that sent 9,089,000 TRUMP tokens to a BitGo custody wallet, valued at 31.45 million USD.

On February 17, 2026, from 17:30 to 17:45 (UTC), BTC experienced a sharp decline of -0.71% within just 15 minutes, with significant volatility attracting market attention. In terms of market performance, the price showed a rapid downward movement, reflecting short-term pressure and a temporary weakening of risk appetite. Trading volume also increased simultaneously, indicating intense disagreement between bullish and bearish funds during this window. The main driver of this anomaly was a sudden large-scale BTC sell-off event on a major mainstream trading platform. Due to a mistaken Bitcoin airdrop announcement by a leading platform in South Korea, the BTC/KRW trading pair on the platform briefly plummeted to a low of 17.

The essay explores whether Bitcoin functions as a democracy, focusing on the debate around "one-CPU-one-vote." Adam Back argues Bitcoin is a technical consensus network, not a political system, where validity is enforced by nodes rather than majority rule, challenging the democratic perception of Bitcoin's operation.

From 16:00 to 16:15 (UTC) on February 17, 2026, Ethereum (ETH) achieved a +1.04% increase, with the price rising from $1,966.04 to $1,986.75. The short-term performance outperformed mainstream cryptocurrencies like BTC and SOL. Market activity has significantly increased, with 24-hour trading volume reaching $18.88 billion. Market attention continues to rise, and volatility has intensified. The main drivers of this movement stem from macro-level liquidity improvements and technical bullish signals. First, the Federal Reserve initiated a moderate rate cut cycle in mid-February, leading to

XRP struggles to recover from a recent price crash, with network activity and burn rates declining significantly. Despite some market fluctuations, bearish sentiment persists, causing weak investor confidence and uncertainty about XRP's future price direction.

From 14:30 to 14:45 (UTC) on February 17, 2026, ETH price experienced a short-term decline of 1.34%. This fluctuation occurred during a high-liquidity period when European and American markets intersect, accompanied by increased order book volatility. The market showed a phased wait-and-see attitude regarding Ethereum's future direction. On-chain data indicates that the ETH mainnet saw a net outflow of up to 21,395.6 ETH within the previous 24 hours, significantly reducing short-term market liquidity support and acting as a trigger for this price decline. The main driver of this fluctuation was large-scale on-chain fund transfers out of exchanges, leading to a decrease in available liquidity for buy orders.

BlockBeats News, February 17 — According to an official announcement, BitMine increased its ETH holdings by 45,759 ETH last week, bringing its total holdings to 4,371,500 ETH, which accounts for 3.62% of the total Ethereum supply (120.7 million ETH). Among these, BitMine has staked 3,040,483 ETH. Based on the ETH price at that time of $1,998 per ETH, the total value is approximately $6.1 billion.

ChainCatcher reports that, according to market sources, the company has purchased 2,486 Bitcoins for approximately $168.4 million (at an average price of about $67,710 per coin). As of 2026, the total number of Bitcoins held by Strategy has reached 717,131 coins, with a total investment of approximately $54.52 billion and an average purchase price of about $76,027 per coin.

Odaily Planet Daily reports that Cointelegraph stated on the X platform that El Salvador continues to increase its Bitcoin holdings, with BTC holdings rising to 7,565.37 coins.

ChainCatcher News, Lisk research lead Leon Waidmann posted on X platform that Polygon's daily USDC transaction volume has hit a record high, exceeding 12 million transactions. This data far surpasses other blockchain networks, with daily USDC transaction volumes on other chains remaining below 3 million transactions. Base, Arbitrum, and the Ethereum mainnet have lower transaction volume figures compared to Polygon.

EtherFi has transformed into a digital bank offering staking, DeFi yields, and Visa cards, with only 21,000 users but an average revenue of $256 per user. Total user balances amount to $9.9 billion, with an average of $470,000 per account. Operated through smart contracts, it turned a profit on the first day, eliminating the need for traditional banking licenses.

ChainCatcher Message: Token Terminal data shows that the total market value of RWA assets on the Ethereum chain (including tokenized funds, tokenized commodities, and tokenized stocks) has exceeded $15 billion, a year-over-year increase of approximately 200%.

XRP's network activity has fallen by 26%, with active addresses dropping significantly, indicating weakening demand amid market volatility. This decline raises concerns about liquidity and retail participation. While past dips led to price surges, immediate bearish trends persist, with XRP trading at $1.46. A potential rebound may depend on reversing current trading patterns.

Helium’s HNT has gained 90% in the past week to hit a one-month high as daily trading volume surged past $20 million for the first time this year. Data shows that social engagements have almost doubled in that time as the crypto

Decentralized lending protocol ZeroLend officially announced the termination of its operations on February 16, due to multiple factors leading to long-term losses and a significant decline in liquidity. Its total value locked (TVL) plummeted from a peak of nearly $359 million to approximately $6.6 million. Users are advised to withdraw their funds as soon as possible, but some funds remain locked due to liquidity issues, and the possibility of retrieving them in the future is uncertain. This event highlights the intense competition and risk challenges in the DeFi lending market.

Odaily Planet Daily reports that, according to DeFiLlama data, over 60 chains have monthly costs of less than $1,000, including some that have received large-scale funding or backing from well-known institutions, such as Stroy with a 30-day cost of $707, Corn at $424, Mode at $400, and others.

Bitcoin's long-term holders show weaker accumulation post-February dip, indicating pressure and loss realization. Despite macro uncertainties, some analysts believe support at $60,000 may hold, citing strong buying flows and orderly market conditions.