Market Analysis Overview:

1. Overall Market Dynamics:

- $BTC is undergoing adjustments, leading to a general decline in most altcoins. The market feels tense whenever ETH prices rise.

- The US stock market shows mixed performance, with Nvidia's stock price hitting a new all-time high.

2. Market Focus:

- In the NFT sector, the price of the ape project has increased, but the sustainability of the $MEME project on the ape chain is not strong.

- In the AI meme sector, projects like goat, fartcoin, slop, gnon, etc., have rebounded strongly, with goat leading the way. This emerging narrative of AI meme is garnering more attention than ordi, mainly because it has received widespread recognition from both the East and the West. In the long run, cryptocurrencies are more suitable as currency for silicon-based life (AI) rather than for carbon-based life (humans).

- The price of the cat project in the meme sector has surged significantly. Smith Cat is a Floki airdrop project on the BSC chain, and recently Binance has launched the contract for this project. Recently, Binance has listed many old meme projects on the BSC chain.

- Regarding the scroll airdrop for the L2 project, the first round of community allocation was only 5.5%, meaning community members basically did not gain much benefit.