The market broke below $115,000 last week, reaching a low of around $111,900. Currently, this position has held as support, but we need to see the performance of US stocks tonight. The data from May, June, and July has somewhat frightened the market. If US stocks stabilize tonight, then the market will stop falling, and after some adjustments, it will continue to rise.
I have said that buying on dips is the best strategy. If you don't know how to buy, just buy BTC and ETH; if you know how to buy, then you can consider some quality leading altcoins, prioritizing those that have announced storage plans or are currently undergoing them. You will thank yourself for bravely buying today in late August.
Let's talk about today's market highlights:
1. Account X has been updated to Grok humanoid companion Ani, and the meme coin of the same name has surged over 60% in 6 hours; currently, the FDV of #ANI has returned to over 40M;
2. Musk mentioned #VINE again, and then the dog traders took advantage of this news to sell aggressively, dropping from 0.13 to a low of around 0.06;
3. Trump Media & Technology Group officially disclosed plans related to the "Truth" token and wallet; documents show that this token will be part of a "larger scale reward program" integrated into the "Truth digital wallet," with initial uses including payment for Truth+ subscription fees.
4. Linea, Consensys, and Nile have collaborated to launch the decentralized trading platform Etherex, which announced the launch of its native token #REX on August 6;
5. Large unlocks:
$ENA will unlock approximately 172 million tokens on August 5 at Beijing time, representing 2.70% of the current circulation, valued at about $95.8 million;
$IMX will unlock approximately 24.52 million tokens on August 8 at Beijing time, representing 1.30% of the current circulation, valued at about $12.2 million;
$MOVE will unlock approximately 50 million tokens on August 9 at Beijing time, representing 1.89% of the current circulation, valued at about $6.5 million;
6. The New Shepard spacecraft, which Sonny rode, successfully completed its mission, taking about 10 minutes round trip, costing $28 million;
7. Last weekend was mainly about adjustments, but there were also strong on-chain assets, such as $troll, which continued to surge even as the market fell.
8. CEXs generally fell, but during the rebound, the DEFI concept #ENA remained strong, rising nearly 20% from its lowest point; #加密市场反弹 #加密项目