More than 20 crypto projects shut down in Q1 2026. Citing CoinDesk, the source says slower trading activity and tighter funding conditions pushed weaker projects out after the market lost nearly $1 trillion from its October highs. Magic Eden Wallet and Bit.com were named among the closures.
The article groups market attention around three different stories. Chainlink has stayed relatively firm during the pullback, Polygon has kept shipping infrastructure, and Pepeto has attracted the most heat because of its fundraising pace and an approaching Binance listing claim.
LINK trades at $8.80 while CCIP reaches $18 billion in monthly volume
According to data referenced from CoinMarketCap, LINK was at $8.80, up 1.85%. The report says Chainlink’s CCIP reached $18 billion in monthly cross-chain volume, while the Bitwise LINK ETF has gone live on NYSE Arca.
The same piece lists support at $8.50 and resistance at $9.50. It also says JPMorgan and UBS are running live settlement tests on Chainlink. Taken together, those details frame LINK around actual institutional and infrastructure use rather than short-lived market hype.
Polygon stays under pressure at $0.082 as AggLayer and migration work continue
Polygon’s section is centered on product progress rather than price strength. The source says POL traded at $0.082, down 75% from its 2025 high, while still holding support. AggLayer is presented as the mechanism meant to connect chains under a shared liquidity structure.
On the migration front, the shift from MATIC to POL is said to be 89% complete. The article also gives support at $0.15 and resistance at $0.22. Price has been weak, but the report’s point is that building activity has continued through the drawdown.
Pepeto raises $8.97 million as audit, exchange launch, and listing narrative drive coverage
Pepeto receives the strongest push in the source material. The article says the presale has raised $8,967,252, with the token priced at $0.0000001863, and that the project completed a SolidProof audit. It also describes Pepeto as already having a live exchange and moving toward a Binance listing.
The report adds that PepetoSwap offers zero fees, its bridge supports transfers across ETH, BNB, and SOL, and a contract screener is designed to catch scams. It also mentions 185% APY staking and an analyst view calling for a 100x return.
Those points on projected upside, listing timing, and return expectations come from the original article and reflect the project’s own market narrative. On the disclosed facts alone, the broader message is straightforward: after a quarter marked by closures, attention is shifting toward projects that can point to audits, working products, or verifiable on-chain tools.