Market Overview
Bitcoin prices continue to weaken, leading to a collective decline in altcoins. Notably, FTX will launch a new round of debt repayment plans on May 30, which may further impact the flow of funds in the market. In the U.S. stock market, recent trends have maintained a volatile stance, and overall market risk aversion has increased.
Hot Topics
- Blockchain Gaming: Nxpc has recently become the focus of the market. As a blockchain adaptation project of the popular Korean IP 'MapleStory', it has attracted significant attention due to its strong foundation of 200 million users and $5 billion in revenue accumulated since its launch in 2003. The project is exclusively funded by the official party, without VC involvement, leading to a highly concentrated stake. However, current market feedback indicates that while some studios have successfully turned a profit, the gold mining returns are generally below expectations. In comparison, the leading blockchain game Bigtime previously reached a market cap peak of $5 billion, and Nxpc's future potential is still viewed positively by some investors.
- On-chain Meme Boom: The two major meme tokens, Startup and Useless, have risen against the trend. Startup is backed by the Believe platform, with popularity spurred by well-known KOL Him publicly promoting it; Useless relies on the Bonk ecosystem, receiving financial backing from BonkFun's founder, leading to a strong short-term speculative sentiment.
- New Project Trends: Today, the BN wallet welcomes the TGE project Alaya AI, a platform focused on AI data labeling, whose launch performance serves as a new window for observing the AI + blockchain sector in the market.
- Risk Signals: Earlier leading tokens like Moodeng and Launchcoin have experienced sharp declines. As important barometers of market sentiment, significant pullbacks in these types of coins may indicate that 'smart money' has begun to withdraw, and investors should be cautious of potential market reversal risks.
