1. On-chain funds: $10.9 million inflow into Arbitrum today; $5.5 million outflow from Solana
2. Maximum price fluctuation: $PEOPLE, $MOODENG
3. Top News: Believe ecosystem tokens rise broadly, LAUNCHCOIN increases over 250% in 24 hours
Featured Headlines
1. Binance Alpha launches tokens like HIPPO and BLUE
2. Believe ecosystem tokens rise broadly, LAUNCHCOIN increases over 250% in 24 hours
3. Tiger Brokers launches cryptocurrency deposit and withdrawal services, supporting mainstream cryptocurrencies such as BTC and ETH
4. This round of Bitcoin's rise may be led by institutions, retail traders have yet to enter the market
5. Binance Wallet new TGE Privasea AI participation points must meet 198 points, consumption points are 15
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
PUMP: Today's discussion about PUMP focuses on its brand new creator revenue sharing model: the platform will distribute 50% of PumpSwap revenue to token creators, which has elicited mixed reactions from users. Some criticize the initiative for being insufficient or even misleading, while others believe it is a positive step toward rewarding creators. Meanwhile, PUMP faces market pressure from emerging competitors like LetsBONKfun and Raydium, which are rapidly expanding their market share. Users have also expressed concerns about the sustainability of PUMP and the regulatory risks it may face in the U.S., with discussions extending to the platform's impact on the entire memecoin ecosystem.
COINBASE: Coinbase has today become the first crypto company to join the S&P 500 index, replacing Discover Financial Services, drawing widespread attention in the industry. The entire crypto community sees this milestone as a significant development, marking the further integration of crypto assets into the mainstream financial system. The news has sparked heated discussions on Twitter, with many users pointing out that this may attract more institutional investors into the Bitcoin and other cryptocurrency markets.
XRP: XRP has become the focus of today's crypto discussions, with its significant market fluctuations and strategic developments drawing attention. XRP has surpassed USDT to become the third-largest cryptocurrency by market capitalization, sparking excitement in the market and discussions about its future potential. The surge in market value and price is believed to be related to increased institutional interest, deepening strategic partnerships, and its role in the crypto ecosystem. Additionally, XRP's integration into multiple financial systems and its potential as a macro asset class are also seen as key factors driving the current market trend.
DYDX: Today's discussion about DYDX mainly revolves around the dYdX Yapper leaderboard launched by KaitoAI. This list aims to identify the most active participants in the community, with a total of $150,000 in rewards to be distributed over the first three quarters. The plan has sparked broad community participation, with many users discussing its potential benefits and its incentivizing effect on the DYDX ecosystem. Meanwhile, the progress of ethDYDX's migration to the dYdX native chain and historical airdrop events have also become topics of discussion.
Featured Articles
1. (What is 'ICM'? The new narrative of Solana supporting Believe's $400 million market cap)
Overnight, the hottest narrative in the crypto space became 'Internet Capital Markets,' with a host of crypto projects and founders led by the new Solana ecosystem Launchpad platform Believe releasing this phrase, alongside 'Believe in something,' to become a new slogan for launching the on-chain bull market. So what exactly are the so-called 'Internet Capital Markets,' will they become just another fleeting hype like the previous Content Coin from the Base ecosystem, and what related targets are available for selection?
2. (LaunchCoin increases 20 times in one day, how did Believe create a $200 million golden dog after going to zero? | 100x Review)
LAUNCHCOIN broke through a market cap of $200 million today, with the long-awaited liquidity and such a high market cap 'Memecoin' nearly drawing in half of the on-chain crypto circle CT. The community is wildly discussing this token, half of it is FOMO, and the other half is FUD, as this token, originally issued under the personal identity of Believe founder Ben Pasternak, has transformed into a new platform token after rebranding. What has happened from a near-zero value to a $200 million market cap?
On-chain Data
On-chain fund flow situation on May 14
