The big pie approaches its historical high, but the altcoin market has not shown any significant movement.

According to historical patterns, once the big pie reaches a new high, the altcoin season may erupt at any time. Those holding tokens should not let go easily.

Ethereum ecosystem: Although the public chain upgrades are progressing steadily, the unusual activity in the core team’s wallet is worth monitoring;

The activity on the Solana chain continues to heat up, but to realize the grand vision of "on-chain Nasdaq," there is still a long way to go for technical implementation.

New projects from the Eucalyptus family: merlin/trt/soon have launched as the three main drivers,

It is advisable to observe from a fundamental research perspective; the team backgrounds and economic models of tgt and soon are relatively more robust and worth long-term tracking.

Risk events: The "shoe dropping" time point of Trump's dinner on May 22 is approaching; regardless of whether he attends, market sentiment may fluctuate sharply, and short-term players must ensure proper risk control.

Potential targets: The new meme coin Vader has some merit, with the team publicly appearing and innovative gameplay, making it more reliable than purely speculative projects;

On the BNB chain, siren/skyai is still in the adjustment phase, and the jajer project should be closely monitored for potential selling pressure after the liquidity unlock on the 22nd-23rd.

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