1) Market Overview:
BTC experiences fluctuations and corrections, while altcoins generally decline. The on-chain style shifts towards "reviving old coins," which is essentially a game controlled by market makers. On a macro level, both US stocks and the dollar have declined, and the situation in the Middle East has escalated—Israel and Iran are officially at war, causing a rise in risk-averse sentiment.
2) Hotspot Tracking:
1. The Trump family DeFi project WLFI sees its pre-market valuation soar to over $10 billion, with Sun Yuchen preemptively acquiring 3% equity, securing $300 million in floating profits, and successfully connecting with the US political and business circles.
2. The BN Alpha sector is retreating, with volume-driven tokens like KOGE and ZKJ plummeting collectively as project parties take advantage of high liquidity to offload assets, resulting in an overall trading volume halved from its peak.
3. Solana rebounds strongly, with favorable ETF expectations brewing, leading to a simultaneous rise in ecosystem leader JTO, and the staking narrative returning to the spotlight.
