Recently, the cryptocurrency market is not very optimistic. Bitcoin prices are down, and other altcoins have also fallen broadly. Capital flow in the market is sluggish, and everyone is scheming against each other to make money, resulting in chaos.
Meanwhile, U.S. stocks have also plunged significantly, with tariff news from the Trump administration delivering a considerable blow to the stock market. Let’s talk about market hotspots.
The on-chain contract exchange Hype has encountered a significant drop, as its treasury is suspected to have been attacked by the JellyJelly market maker. After that, Hype adopted a centralized delisting approach, which caused users to lose trust in it.
This incident shows that the contract trading of small altcoins can easily be manipulated. In this period of downturn, some old meme coins, such as Pepe, Shib, and Doge, have rebounded.
This is mainly driven by the surge in the stock price of meme stock GameStop. It is said that GameStop plans to emulate MicroStrategy by putting out $4.8 billion to buy Bitcoin. There is a meme coin on the Solana chain, Ghibli, which is rising tremendously.
The origin is the trend of using AI online to change photos into the style of Studio Ghibli animations. The founder of ChatGPT even changed his avatar, and Musk also retweeted related content, which has caused Ghibli's popularity to soar.
It has been proven that meme coins that allow everyone to easily create secondary creations spread faster. Additionally, the first round of community voting for coin listing on Binance has ended, with Banana and Why leading in votes.
But it is said that why relies on spending money to brush votes to raise the vote count, and then sells at a high price to make a profit. Check the holdings of the Binance alpha wallet, with Mubarak and Broccoli having the highest holdings. However, in the end, whether it gets listed still depends on the big brother's decision.