Meteora unveils PnL tracker and DLMM tools to enhance transparency and liquidity provision on Solana post-manipulation incident.
$LABUBU meme coin crashes below $28M amid legal risks, toy oversupply, and whale sell-offs, losing over 50% from its peak.
Plasma plans to launch a Bitcoin L2 for zero-fee stablecoin transfers, raising $1B but facing strong competition and regulatory challenges.
METEORA TO LAUNCH PNL TRACKER & DLMM TOOLING
Meteora, a major liquidity protocol in the Solana ecosystem, announced multiple product updates aiming to enhance LP tools and transparency.
The team will soon release a web-based PnL tracker supporting USDC, a DLMM (Dynamic Liquidity Market Maker) monitoring tool with Telegram alerts, and Dune dashboards for DLMM and DBC metrics.
These updates target improved user experience, capital efficiency, and platform transparency. With over $1.1 billion in TVL, Meteora is strengthening its infrastructure post-February’s M3M3 manipulation incident, signaling renewed trust-building efforts.
Analysis
Meteora’s push for tooling shows the maturation of Solana’s DeFi ecosystem, focusing on reliability and LP empowerment. Transparency tools may help re-establish trust after past controversies and attract more institutional players.
$LABUBU MEME COIN DROPS BELOW $28M
Solana-based meme coin $LABUBU, inspired by Pop Mart’s Labubu IP, saw its market cap plunge to $27.89M, down over 20% in 24 hours and over 50% from May highs.
Although the coin gained traction via TikTok and celebrity hype, it faces volatility due to unofficial status, no whitepaper, and ongoing legal risks.
Recent increases in physical toy supply and falling resale prices have weakened investor enthusiasm. Whale sell-offs have added to the price pressure.
Analysis
$LABUBU’s crash shows the fragility of meme coins without utility or proper IP authorization. While viral hype can drive short-term gains, lack of substance makes them vulnerable to sudden corrections and market abandonment.
PLASMA TO LAUNCH BITCOIN STABLECOIN L2 BY LATE SUMMER
Plasma, a Bitcoin-native Layer 2 optimized for stablecoin transfers, announced plans to launch by late summer 2025. The network features zero-fee transfers, EVM compatibility, and BTC-secured settlement, targeting high-throughput stablecoin payments.
The project raised $1B through XPL token sales with backing from Tether CEO Paolo Ardoino and investor Peter Thiel. However, it faces stiff competition from Ethereum and Tron, and must meet regulatory hurdles like the U.S. GENIUS Act.
Analysis：
Plasma could reshape BTC-based stablecoin infrastructure, but must rapidly build partnerships, integrations, and secure regulatory compliance. Success depends on delivering scalability without compromising trust or liquidity.
〈CoinRank Crypto Digest (6/20)｜$LABUBU Meme Coin Market Cap Falls Below $28M〉這篇文章最早發佈於《CoinRank》。
