Market Dynamics:
Bitcoin continues to hit new historical highs, showing strong performance. Altcoins overall are on the rise, but the gains are relatively moderate, falling short of Bitcoin's eye-catching performance.
The U.S. stock market is experiencing a downturn, with market rumors suggesting that Federal Reserve Chairman Powell may resign early, attracting market attention.
Market Highlights:
1. The Solana NFT project Pengu has surged strongly, gaining popularity, with several crypto projects changing their profile pictures to penguins in support, and this project is expected to become the first NFT ETF listed on the U.S. stock market.
2. The MEME launch platform Bonk on the Solana chain is experiencing an increase. Its competitor Pumpfun has received a warm response to its public subscription, with the market capitalization of its Pump contract reaching $6 billion.
3. The on-chain contract platform Hype has hit a new high in stock price, with total value locked (TVL) also breaking records, and its market capitalization exceeding $50 billion.
4. In the MEME sector, tokens like Alt and Kori have performed outstandingly, both experiencing significant increases. The market capitalization of Alt has reached $200 million, and this token is issued by the Raydium platform. In addition, the MEME token Trump will unlock 900 million tokens this week, amounting to approximately 45% of the current circulating total.
