Market Dynamics
Bitcoin (BTC) has recently shown an upward trend. There is a rumor in the market that an 'ancient giant whale' holding 80,000 BTC has completed its selling operation through over-the-counter (OTC) trading. With the potential selling pressure factor being alleviated, the negative sentiment in the short-term market has eased somewhat. Driven by this, altcoins have also risen, and the activity in the on-chain Meme concept sector has significantly increased. Additionally, due to the influence of the U.S. National Day, the U.S. stock market is closed, and the deadline for the tariff postponement policy is approaching, becoming another focus of the market.
Market Hotspots Focus
① Meme Concept is Booming: Bonk has performed particularly well, with its market value surpassing $2 billion. Its dedicated Meme launch platform's trading volume has exceeded Pumpfun. According to the platform rules, 58% of the transaction fees will be used to repurchase Bonk tokens and for strategic reserves. Driven by this positive news, the prices of tokens like Useless, Hosico, and Ikun on the Bonk platform have reached new highs.
② Highlights in the DeFi Sector: The perpetual contract exchange Myx on the BSC chain has experienced a significant rise. Previously, the BSC Foundation had made purchases, which may be an important reason for the increase in Myx's price.
③ Exchange Dynamics: A certain K exchange is preparing for a U.S. stock market listing and is continuously strengthening compliance management, with relevant policies and review processes becoming stricter.