Today's market hotspots:
1. New platforms are emerging: Bonk.fun, Launchcoin (100X surge) are capturing market share in Pump; new coins $Glonk (issued on two platforms), $GOONC, $DUPE, etc., are skyrocketing.
2. Established meme coins following: $PEOPLE, $SATS, $NEIRO, $BOME with a 24-hour increase of over 60%.
3. Game tokens: Adventure Island token $NXPC is about to launch on Upbit, Binance Alpha, etc., with an initial circulation of 17%; watch for opportunities below 0.5.
4. DeFi rebound: ETH leads, with $ETHFI and $EIGEN showing strong performance.
5. Binance Wallet project: Privasea AI announces token economic model, with a total supply of 1 billion coins.
6. AI project refunds: Mirai Terminal has completed 50% SOL refunds.
In the past 24 hours, the cryptocurrency market has seen a 'rocket-like' surge! Ethereum (ETH) violently broke through the $2700 barrier, surging 8% in a single day, with a cumulative increase of over 50% in 7 days, creating the craziest weekly performance since 2022! Bitcoin (BTC) maintains its stronghold at $100,000, while Solana (SOL) aims for $185; the meme army DOGE and SHIB collectively surged by 5%, and the market has completely entered a 'crazy mode'!
Nuclear-level good news: Three major engines driving the soaring market.
1. Bitcoin ETF is crazily attracting 41.1 billion!
The U.S. Bitcoin spot ETF has set a historic record, with institutional funds continuing to flow in even during the market correction period in April. Bloomberg analysts exclaimed: "This is no longer just a simple inflow of funds, but a complete submission of traditional finance to crypto assets!"
2. Ethereum's Pectra upgrade sparks a technological revolution.
On May 7, a key upgrade was implemented, reducing gas fees by 40% and breaking the staking limit. The futures market's 'short squeeze' ignited a short-term rally, directly crushing short positions worth $438 million! On-chain data shows that whales are hoarding ETH at the fastest rate since 2025, with holdings exceeding 40.75 million coins!
3. Perfect alignment on the macro front.
The U.S. CPI has dropped to 2.3%, and the probability of a Fed rate cut in September has soared to 48.9%. U.S.-U.K. tariffs have been significantly reduced, and the China-U.S. trade war is easing, with the Nasdaq and crypto markets rising in tandem.
How will the market move next?
In the past two months, tariffs have been the focus of the market. U.S. inflation, employment, and the Federal Reserve have been sidelined. Now the trend has changed; the impact of tariffs is weakening, and the market is starting to shift its attention to the risks of an economic recession in the U.S., whether inflation will rebound, and the Fed's next moves.
Bitcoin is currently experiencing a high-level fluctuation adjustment; there are actually no negative factors at the macro level. As mentioned last week, the market has shifted from a rebound to a reversal trend. After the adjustment ends, it will continue upwards to ATH, igniting altcoins.
Currently, there are opportunities in both CEX and DEX for altcoins. CEX is experiencing a rebound from overselling, and on-chain due to Bonk and Believe's significant volumes, various memes continue to perform, with many opportunities in the last couple of days; focus on them. Once the trend is confirmed, be bold in your operations; don't be afraid, and when encountering good targets, go for it!
For those who like spot trading, the four essentials are a must:
Buy on dips: BTC, ETH, BNB, SOL.
After the rise of other altcoins, take back the initial investment and hold for the altcoin season. Next, ambush those altcoins in the right tracks for potential 5-10x returns!
I have made my point clear about Glonk.
The chart shows these coins have a demand for catch-up: KOMA, ZEN, LPT, SATS, HIPP0, URO.
Currently, they are all between the daily EMA90-120. I mentioned in the internal group yesterday that URO and SATS started a big bullish trend today.
ADA can also be a focus.
The current price is below the daily strong resistance of 0.85; if this level is broken, it could reach at least 0.96-1 above.
