Is the secondary market basically not being watched? It's all about on-chain meme coins! However, this weekend the on-chain activity is quite lively, especially with base and avax. It’s time to look beyond Solana's world.
Today's market highlights:
1. Bitcoin is back on weekdays, starting to follow the rhythm of US stocks. Previously, BTC's stability could drive altcoins, but now it has stabilized without bringing many opportunities.
2. $ETH is currently the strongest mainstream coin, but it is still greatly influenced by BTC and external sentiments.
3. $SOL has rebounded well, but whether it can break through the recent high still depends on on-chain activity. Currently, activity has decreased, and the wealth effect is weakening.
4. The conflict between Musk and Trump has yet to be resolved. Although Musk deleted some tweets, Trump shows no willingness for reconciliation. Hopefully, it won't escalate further.
5. The Federal Reserve's stance remains firm, with possible rate cuts within the year, but the frequency and extent are limited. A rate cut in July is unlikely, and the probability of maintaining the rate in June is as high as 99.9%.
6. SOL Chain: After COSTCO went live, it surged by 1.3 million before being dumped. KOLs collectively complained, and although it later rebounded to 5 million, the difficulty is increasing.
7. BSC Chain: Score boosting projects have reached an extreme, and returns are declining. Small investors need to be cautious with risk control; one user lost 47,000 over the weekend due to being squeezed.
8. BASE Chain: Performance is stable, KTA continues to rise, circulating market value surpasses 600 million USD, reaching a new high.
9. Michael Saylor once again mentions Bitcoin Tracker, expecting to announce a new round of BTC purchase plans.
10. Farcaster airdrop announcement: This week, there will be airdrops of limited edition NFTs to the first 10,000 Pro users. Interested users can follow the updates.
11. Market IPO opportunities
@buidlpad: SaharaLabsAI can KYC, FDV 600 million USD, worth paying attention to.
@PlasmaFDN: $XPL token sale countdown is in 10 hours, KYC required.
