Market Hotspots
Next week, Binance is launching a coin called Kernel, which is a competitor to Eigenlayer. Binance Wallet also had a PumpBTC IDO in the middle of the night, which is a BTC liquid staking project.
The public chain SUI has also rebounded, and the Walrus in its ecosystem has surged significantly. Walrus is focused on permanent storage and may accelerate SUI's deflation in the future.
Old coins COMP, EOS, and CRV have also rebounded. COMP has listed on South Korea's Upbit exchange, EOS is transitioning to become a Web3 banking payment solution, and CRV has performed well due to the development of stablecoins. Both EOS and CRV may have been manipulated by market makers.
Smaller coins ACT and MASK have plummeted as Binance temporarily changed the contract rules, leading to forced liquidations of market makers' positions. Pumpfun has also launched an installment payment service for buying memes, indicating that market liquidity is somewhat tight.
