$BTC Currently, BTC maintains a sideways trend, with the altcoin market showing a general upward pattern, led by ETH ecosystem tokens. A large number of new tokens are emerging in the Solana ecosystem, with market speculation rising, significantly increasing the FOMO (fear of missing out) risk. The US stock market is also on the rise, benefiting from April's CPI inflation data being better than expected, and the market generally anticipates that the Fed will start its first interest rate cut in September.

Market Highlights

- Solana Ecosystem Explosion: The public chain Solana token has surged significantly, with the Believe ecosystem series meme coins becoming the focus. Among them, Launchcoin achieved a 100-fold increase in just 5 days, relying on the Believe launch platform which uses a social popularity algorithm for token issuance, associated with AI DAO resources; Goonc is reportedly initiated by OpenAI employees and has market makers supporting it; Dupe combines with a furniture e-commerce platform; Buddy is positioned as an AI media tool; Noodle is based on the concept of the snake game. In addition, competition among launch platforms like Pump and Letsbonk on the Solana chain is intense, and the comedian-themed token Glonk is also receiving considerable attention.

- Strengthening ETH Ecosystem: Ethereum tokens have also shown impressive performance, with ETH staking-related sectors (ETHFi) and projects like Eigen and Ena following suit. In the meme coin sector, Neiro and Moodeng are leading in gains, with Moodeng's rise linked to the beloved hippo image of Vitalik Buterin, making both Neiro and Moodeng the leading meme coins in the ETH ecosystem, with the largest increase exceeding 10 times.

- Blockchain Games and Privacy Track: The blockchain game project Puffverse has landed on Gate.io's Launchpool; this project is the Web3 version of the classic game 'MapleStory'; in the privacy track, the homomorphic encryption project Privasea AI developed by a domestic team has launched on the BN Alpha platform, but after the platform adjusted to a points consumption system, the profit margin for retail investors to gain airdrops through trading has significantly shrunk.