The cryptocurrency landscape is in the midst of another seismic shift, with market attention veering away from last year’s meme coin craze and toward a new breed of decentralized exchanges (DEXes), ambitious presales, and headline-grabbing corporate moves. As the dust settles from the Solana meme coin frenzy that once pushed SOL up to nearly $300, a fresh cast of contenders is emerging—each vying for the spotlight in a market defined by volatility, innovation, and, as always, a dash of controversy.
Nowhere is this more evident than in the meteoric rise of Quanto Crypto (QTO), a perpetual DEX built on Solana, which has defied broader market jitters with a staggering surge of nearly 500% in the past week alone, and an additional 18% in the last 24 hours, according to data from Coingecko. Trading volumes for QTO have rocketed to $38 million, spread across more than 44,000 transactions, and the number of holders has swelled to over 6,500. It’s a performance that stands in sharp contrast to the likes of Bitcoin and Solana, both of which are currently flirting with critical support levels and struggling to maintain upward momentum.
What’s fueling this rally? According to 99Bitcoins, it’s a potent mix of technological innovation, aggressive tokenomics, and a hunger among traders for the next big thing. Quanto’s perpetual DEX allows users to trade with up to 100x leverage and supports an “any collateral” model—meaning traders can use not only traditional stablecoins like USDT and USDC, but also more volatile assets, including meme coins, as collateral. This flexibility, combined with advanced features like grid trading and hidden orders, positions Quanto as a formidable challenger to established names like Hyperliquid and Aster on BNB Chain.
At the heart of the ecosystem is the QTO token itself, which powers governance and offers trading fee discounts to holders. The token employs an aggressive burn mechanism: a portion of fees from every trade is burned, steadily reducing the total supply and, in theory, supporting the token’s price. As one trader put it on X (formerly Twitter), “Quanto is Solana’s next big perp DEX. 500+ pairs, any collateral you can imagine.”
Despite the bullish sentiment, the project hasn’t escaped controversy. Rumors have swirled about the Quanto team’s alleged history of rug pulls, with some in the community accusing them of rebranding from a prior failed project. The situation escalated when Solana co-founder Anatoly Yakovenko deleted a post that seemed to endorse Quanto, triggering a sharp sell-off that saw QTO’s price tumble from $0.075 to lower levels. One critic wrote, “Zhu scammed his userbase a second time and we are definitely going to give money to these scammers again right?”
In response, a Quanto developer took to social media to address the concerns, insisting, “I started to build out Quanto in late May, leading it since and restructuring the firm. I moved the tech to Solana because I trade on the chain, and think that's where this exchange is most applicable. Since then we've built out expansive on-platform collateral support…” He also emphasized that Quanto has no ties to Zhu Su, founder of the collapsed crypto VC Three Arrows Capital, and outlined ongoing efforts to upgrade liquidity and roll out a new “QLP system.”
As the QTO chart continues to paint a bullish picture—with gains of more than 555% from September lows—traders are watching key support levels at $0.025 and $0.030. Should buyers defend these, a return to the week’s high of $0.075 could deliver over 150% gains from current prices. Still, the shadow of past scandals lingers, and the project’s ultimate trajectory may hinge as much on community trust as on technical innovation.
While Quanto grabs headlines, it’s far from the only project making waves. The presale market is heating up, with Snorter—a Telegram-based AI sniping bot—raising over $4 million ahead of its listing. Snorter differentiates itself with ultra-low fees and trader-friendly features like MEV protection and honeypot detection, designed to shield users from common crypto pitfalls. Tokens are available at $0.1053, with a staking APY of 116%, and the presale is set to close in 26 days.
Another major contender is BlockchainFX (BFX), a presale that’s already secured $7.75 million from more than 10,300 participants as of September 23, 2025. Billed as the world’s first crypto-native super app, BlockchainFX bridges DeFi and traditional finance by offering access to over 500 assets—including crypto, stocks, forex, ETFs, and commodities—all from a unified platform. The presale price is $0.024, with a launch price locked in at $0.05. Analysts are projecting post-launch potential of $1 per BFX, suggesting massive upside if momentum holds.
To sweeten the deal, investors who use the promo code BLOCK30 receive a 30% token bonus, and those spending $100 or more qualify for a $500,000 giveaway, with individual rewards as high as $250,000 in BFX. For context, a $4,500 investment at the current price secures 187,500 BFX tokens, which jumps to 243,750 with the bonus. If BFX hits $0.05 at launch, that investment becomes $12,187.50—nearly tripling before live trading even begins. Should BFX reach $1, the same stake would be worth $243,750.
In the meme coin corner, Bonk (BONK) remains a Solana favorite, boasting a market cap close to $2 billion. Yet, at $0.000024, it trades about 60% below its all-time high. The proposed Bonk Income Blast ETF aims to combine token exposure with options strategies, but forecasts suggest only gradual growth: an average price of $0.00001920 in 2025, rising to $0.00006710 by 2030. As newer tokens with more utility emerge, BONK’s ability to maintain its relevance is in question.
Meanwhile, the corporate side of crypto is seeing its own fireworks. Tether, issuer of the USDT stablecoin, is reportedly considering raising up to $20 billion through private placement, which could value the company at a staggering $500 billion, according to a report by The Economic Times. Tether’s USDT currently boasts a market capitalization of about $173 billion. The company has also announced plans to launch a U.S.-based stablecoin, USAT, designed for American residents, and recently brought former White House crypto policy executive Bo Hines on board as a strategic advisor. Tether CEO Paolo Ardoino confirmed that the company is evaluating a raise from “a selected group of high-profile key investors,” though he stopped short of providing further details. Rival stablecoin firm Circle made headlines of its own by going public through a blockbuster IPO in June 2025.
All told, the crypto market of late 2025 is a study in contrasts. On one side, established players like Tether and Bonk are doubling down on stability and mainstream acceptance. On the other, upstarts like Quanto, Snorter, and BlockchainFX are chasing exponential growth, leveraging new technology, and courting both excitement and risk. For investors, the choice is as much about appetite for volatility as it is about faith in the next big innovation. The only certainty? In crypto, fortunes can change in the blink of an eye.
