Altcoins are already showing signs of movement, but a full breakout still requires Ethereum to lead.
Today's market highlights to watch:
1. Trump Dinner Event: Although he was present at the venue, the content was bland, leading to selling pressure on presidential coins in the market. Whether the subsequent speculation can continue depends on the team's actions.
2. SUI chain leading DEX — Cetus was hacked, resulting in LP assets instantly dropping to zero, with losses exceeding $160 million. However, SUI's official response was quick, freezing most assets, with only about $50 million flowing into the ETH chain.
3. Stablecoin ecosystem is hot: With Binance supporting USD1 stablecoin, concept coins around WLFI (such as Lista, B, STO) are rising collectively, and the sustainable focus can continue on the ecosystem; BUILDon ($B) has a 24-hour trading volume exceeding 1 billion, accounting for 86% of USD1's trading volume, with an increase of up to 675%.
4. Whale James Wynn predicts Bitcoin may peak at 118,000–122,000, or enter a consolidation period, and he has opened a 25x leverage Ethereum long position. Additionally, including Wynn, there are a total of 4 positions on Hyperliquid with over $100 million in 40x BTC long positions, totaling $1.188 billion.
5. YGG launched its first Pudgy Penguins themed game 'LOL Land', exclusively on Abstract Chain, with over 100,000 pre-registrations before launch.
6. Memes continue to lead: Meme IPs like Labubu, Moonpig, King, etc., are performing strongly, many reaching historical highs again. Robinhood has also listed the new Meme star $Moodeng, $MEW, boosting retail investor sentiment.
7. On-chain movements: NFT platform BrahmaFi is minting; GitFish focuses on tokenizing open-source projects, with the first presale project being $Linux, and community interest is rising.
8. Ondo Finance launched a securities platform on the Solana chain, supporting public stock and securities trading.
9. RWA concept continues: Binance Launchpool is about to launch Huma Finance (HUMA), participating in early staking is expected to yield generous returns, and the RWA track remains hot.
