The cryptocurrency market is experiencing significant turbulence, with Bitcoin recording approximately $2.3 billion in realized losses over a seven-day average. Market analyst IT Tech, in a CryptoQuant note, described this as one of the most aggressive sell-off periods since 2021, ranking it among the most significant capitulation events in Bitcoin's history, comparable to the 2021 crash and the 2022 Luna and FTX collapses.
Amid this volatility, attention has shifted to emerging projects, with DeepSnitch AI (DSNT) at the center of intense debate. The project's presale has surged 160% from its initial price of $0.01510 to its current Stage 5 price of $0.03985, raising over $1.60 million. This rapid growth has led to speculation and questions about the project's legitimacy, with traders questioning whether it is a genuine innovation or a potential scam.
Proponents point to the project's live utility as evidence of its legitimacy. DeepSnitch AI currently operates four AI agents: SnitchFeed, SnitchScan, SnitchGPT, and AuditSnitch. The AuditSnitch security system provides instant smart contract audits, analyzing eight risk vectors—including honeypots, liquidity traps, and ownership exploits—and returning CLEAN, CAUTION, or SKETCHY alerts. The project has also implemented a slight public launch delay, which it frames as beneficial for early holders to gain an experience gap.
The presale momentum has attracted significant whale interest, fueled by bonus codes like DSNTVIP300, which unlocks a 300% token bonus on investments over $30,000. A $5,000 allocation at the current price yields roughly 125,470 DSNT tokens, which jumps to 188,205 tokens with the 50% bonus code DSNTVIP50.
Meanwhile, Aave Labs has proposed a major governance shift, seeking a $50 million funding package from its DAO. The package includes up to $42.5 million in stablecoins and 75,000 AAVE tokens (worth ~$8 million). In return, Aave Labs would redirect 100% of revenue from its products to the DAO treasury and seek ratification for Aave V4 as its long-term technical foundation.
Other projects are also vying for attention in the presale space. Ozak AI (OZ) has raised over $5.63 million at a price of $0.014, aiming for a future $1 listing but lacking live tools for presale participants. Remittix has raised over $28.9 million at $0.123 per token and passed a CertiK audit, but its later-stage funding may limit outsized gains. OPZ, priced at $0.04667, combines AI and DeFi in a self-custody wallet solution. The meme coin Pepeto (PEPETO) is priced at $0.000000183 and plans to launch an exchange and cross-chain bridge.
