According to Shenyu's theory, make different asset allocations at different asset levels, while taking into account stability and explosive power. (I also do this)
Successful cases in atypical bull market: #SUI #BNB #BGB I think #SOL cannot be calculated conventionally. If it weren't for FTX's crash, the price of SOL would not have fallen to such a low price, so SOL's excess return is the result of the "black swan" event.
Wrong case:#ARB#OP LST track and other Ethereum ecosystems....#APT#DOT#AVAXand other public chains did not outperform #BTC.
If an atypical bull market is established and BTC is decoupled from other assets, then new projects will have to be repriced and valued in the future. If the market cannot reward innovators and risk-takers, the dividend effect will disappear.
On the chain alone: The prosperity of the chain is a concrete manifestation of insufficient liquidity. It is obviously possible to reach tens of billions, but the speed of passing 100M or even 1B on the chain may be the ceiling. It seems that there is a wealth effect, but in fact it is a manifestation of diminishing wealth effect. (After all, the users that can be reached on the chain and the ease of operation need to be improved)
Can’t deposit money into #Plasma . I looked at the top ten rankings and found that the market lacks not liquidity. What’s lacking is the sentiment of taking over, the confidence in altcoins. Everyone is holding stablecoins, the 'steady earnings' big players.
Mira can’t outdo others in mouth earnings Mira is on the Kaito Yapper leaderboard. After seeing several KOLs already post lengthy articles, all interest vanished instantly. A $2.5 million reward pool, the top 200 can share 0.5% Expected to be another big mouth earnings of over 2000u.
@币安Binance华语 Alpha New Policy Providing liquidity to earn last year's return + Alpha points. The latest project PUNDIAI has already reached 237 points For someone like me who earns 15 points a day, I can basically quit my job.
Can’t deposit money, can’t earn from mouth earnings, can’t outdo Alpha. I’ve decided to lie down where I fell.
Trump vs Musk: After the OBBBA bill, the two have started to clash, and after their sweet period, they can no longer tolerate each other's views. One is a technological idealist and libertarian, the other is a realist in power.
Tesla's stock fell 15% in one day, marking the largest single-day drop this year. Those who do business should not get too close to politics, a misstep can be costly. (I also dislike disloyal individuals)
2: Communication between major powers
The leaked information is positive, with both sides making some progress on trade agreements, and there is a chance for a meeting.
3: James Wynn's confession
His account went from $3 million to $100 million and now down to $700,000, becoming increasingly trapped and losing control. The tens of thousands of onlookers caused him to lose his reason, yet another wealth myth has collapsed, reminiscent of the red and blue brothers seeing red in their eyes.
4: Circle's stock debut exceeded expectations
The long-awaited alt-season has arrived in the U.S. stock market! From the initial valuation adjustment to opening revenues reaching a market cap of $20 billion, one can only say that liquidity and capital are still in the U.S. stock market. Poor families holding altcoins in the crypto world.
Truly, take it one day at a time; every day brings unexpected events. No one knows what tomorrow will bring. Just a blind guess that the two will soon stop this farce, #TSLA #BTC copy if you must.
When PUMP.FUN issues tokens, the MEME launch platform has reached its conclusion.
1/ The valuation of the final feast is too high
As the leader in the track, PUMP issues tokens with a valuation of $4 billion. Compared to the top DEX Jupiter on SOL, which has a current FDV of only $5.4 billion, the valuation is quite high.
2/ Hosting guests in a high-rise
As the engine of this round of MEME tracks, #pumpfun created the concept of 'everyone can issue tokens'. What is seen at the front desk is the wealth effect of 10x and 100x in a short time, but behind it, countless DEV (conspiracy groups) are its core.
With everyone's response to the wave of VC tokens with high valuations and low unlocks, there was a time of 'fame and fortune'. However, as the project team continues to sell tokens, it has caused dissatisfaction from the SOL Foundation and the SOL community. This behavior of only taking and not giving back has led to backlash.
With the rise of other launch platforms and the weakening of the MEME wealth effect, PUMP has made no other changes to the protocol itself and ultimately chose to issue tokens for the final liquidity harvesting.
When a highly profitable track leader starts issuing tokens, it often signifies a weakening of the wealth effect in the track, making it impossible to continue forming a positive spiral. Coupled with the experiences from the previous two major tracks of inscriptions and NFTs, the window period given is actually very short. No one wants to end up being the new @Opensea , playing a good hand poorly in the end.
In summary, issuing tokens is an inevitable choice and signifies that the MEME track has likely hit its ceiling. If there are no new gameplay and incentive models, the first to exit will not be the P small generals, but countless DEVs.
3/ Version iteration
The industry is constantly iterating. The end of a track may be accompanied by a brief period of pain in the industry, but after the pain period comes a new round of wealth transfer.
After PUMP issues tokens, it will inevitably cause a withdrawal of market liquidity, particularly impacting #sol and a host of altcoins. Market liquidity is shared; if someone takes away a bucket, the water in the tank becomes less and less.
4/ Where are the opportunities for retail investors
CEX arbitrage: Adopt an attitude of getting something for nothing, observe the activities of major exchanges, take advantage if possible, and sell if you can after going live. @币安Binance华语 hLaunchpad Binacne alpha airdrop.
Arbitrage opportunities: Pay attention to the price differences on exchanges before the opening. If there is profit, arbitrage by preparing funds on-chain in advance.
The season may really be over, but the new season has already begun.
Actually, I have seen EF's recruitment information in various places over the past period, which coincides with this round of layoffs and restructuring. I actually prefer 'blood replacement' rather than layoffs. The article also mentions that they are looking for new members to join, UX Lead and Performance Engineering Lead.
2/ Restructuring and personnel adjustments: Responsibilities assigned to specific individuals to resolve messy situations. Increase collaboration efficiency, enhance transparency and competitiveness.
3/ From research to implementation to mass production.
EF has long been criticized for being 'politically correct' and 'white left', only conducting research without expressing an exit attitude. This should change.
They have realized the importance of Protocol and the team's open attitude towards collaborative work on the protocol.
So let’s do it together. Let’s ship Protocol. 🔥
Looking forward to the new generation of EF bringing new innovations and not wasting the good soil.
1: #TACO (Trump Always Chickens Out) embarrasses Trump. The “Taco trade” is becoming a popular topic of discussion among mainstream institutions.
As previously predicted, after Trump took office, it would definitely be “wide fluctuations” + buy the dip. With his experience from the first term, everyone can imagine he can stir things up; understanding the old man's temper is like having a weather forecast—bringing an umbrella when it rains.
2: There is a dispute over "Um Frog" on CT. The two major car company bosses in the country are also confronting each other. It's a clash of values between the old and the new. In this intense competition, they can't even get enough to eat, so they can only confront each other. Confrontation can attract attention, whether from retail investors or officials.
3: I watched “Mission: Impossible 8” yesterday. Tom Cruise at 63 can still shoot on a plane; I can only sigh at the mental strength being the best “nitrogen pump” for men.
There is a particularly interesting “segment” in the middle. At the moment when Ethan can control the “Intellect,” he could actually control the entire world at any time. But he rejected this proposal. AI Intellect should ultimately be eliminated. People like new things, but they do not like things they cannot control.
In simple terms, there was no referendum through “addresses aliasing.” The stolen funds, apart from running to ETH, can retrieve 60 million dollars. But with such enormous permissions like SUI, will large institutional funds dare to step in?
The Intellect, as a super AI with self-awareness, ultimately jeopardizes human safety! In the end, humanity created it, and also destroyed it with their own hands.
"Web3's Text Revolution or Text Great Leap Forward" #LOUD
When text and content have prices. Content itself is no longer an expression, but a "commodity". To become a commodity, it must have a price.
Content = priced product Attention = quantifiable traffic pool. When trust is priced, trust depreciation and speculation will occur. Over time, "telling the truth" becomes a luxury.
Whoever sets the price for it, pays for it. @stayloudio has introduced it very completely. Using IAO to launch is indeed a marketing genius, the top 1,000 whitelists on the list. After the launch🚀, the transaction fees are allocated to the front row, allowing KOLs to continue to roll.
I don't understand what reason there is for liquidity to buy except gamble. If it can be empowered, it is reasonable to let the B-side project pay for it.
Positive impact
✅Incentivize KOLs to create content, and the amount of content will increase exponentially.
✅Financialization of content , opinions have a price, good content has a good price.
Negative impact
❌High degree of content homogeneity and low quality.
❌Information source pollution, whoever pays will have a louder voice
❌Content bubble, content no longer serves the truth, but only serves the price.
When information is priced, opinions become speculative. When content has a price, the truth is no longer free.
Is it a return to value or a value gap? A strange bull market has brought many inexplicable phenomena, from dream earnings ratios to market shares. The market has become less straightforward, experiencing the pain period after the dividend phase.
Today I saw @lanhubiji discussing stablecoins. The ever-increasing market value of stablecoins in the entire blockchain industry and the continuously declining coin prices—do you say there’s no liquidity? Stablecoins can be seen on-chain; so do you say there’s liquidity? #ETH has been continuously declining.
Looking at the market based on past logic is just inflow of funds + new users + dapps + leverage.
#SOL is taking the DAPP + existing user migration route. #TRX is taking the route of continuous destruction of transfer fee income. #BNB, as a platform coin, establishes a moat through division of labor and buyback and destruction.
Essentially, it is all about leveraging one's advantages to absorb existing stocks. Lacking the two engines of new additions and leverage, BTC has the continuous support of ETF and @saylor as external leverage. If altcoins hope not to be drained, it is certainly necessary, and this is uncontrollable. However, attracting external users and liquidity through innovation is controllable.
From #USDT to #USDC , from #DAI to @Ethena, stablecoins have become the 'invisible hand' behind this bull market. This is a story of the integration and evolution of the dollar and the crypto world, and one of the most profitable crypto narratives 👇
1: The Birth of Stablecoins
The story begins with USDT @Tether_to, launched by the Bitfinex team, which promised 1 USDT = 1 USD, solving the 'lack of fiat channels' problem for exchanges. However, #USDT has always been accompanied by controversies regarding 'whether there are real dollar reserves'. Even now, USDT remains the largest stablecoin in the crypto market, even though it is a black box.
2: The Compliance Faction Emerges
USDC #TUSD and @Paxos have emerged because USDT is too profitable, and with its black box shortcomings, compliant stablecoins backed by the US banking system have gradually appeared. Thus, stablecoins entered the digital dollar era, and exchanges like Coinbase and Binance began to support their partners.
3: The Exploration of Decentralized Stablecoins (Algorithmic Stability)
The rise of #DAI led by MakerDAO opened the 'algorithmic stability' era, generating stablecoins through collateralizing assets like #ETH, USDC, #BTC, etc. However, as USDC became increasingly 'centralized', #UST eventually peaked, and the market saw a collapse in 2022 that also brought down the entire market. The market has since returned to an extremely cautious state regarding 'non-collateralized' stablecoins.
4: Yield-bearing Stablecoins
#USDE utilizes delta-neutral arbitrage to generate stablecoins while early users received annualized returns of 25%+; combined with the sats airdrop strategy, TVL surged. This was the first large-scale validation of 'yield-bearing stablecoins'.
USDT still firmly holds the leading position, USDC seeks to go public, US Treasury bonds become the consensus, #USDE relies on yield and airdrops to rapidly absorb TVL, and #FDUSD is tied to Binance's traffic. This war without gunpowder has once again begun; whoever wins the stablecoin battle wins the liquidity.
#Wintermute may be involved in brick-moving, selling on-chain and buying on exchanges. Suddenly, there was a flash crash in the exchange, and they have a large number of chips on-chain to arbitrage.
The specific reason for the flash crash may be that @binance adjusted the ACT leverage position limit, and some market maker positions, after all, cannot be closed in a short time and can only be passively liquidated.
#币安 This wave is about piling up one's own resources to the 'wallet' and #BNBChain.
@CZ As the direct responsible party, the mobilization of resources and decision-making execution have visibly accelerated, which is energy that previous responsible parties did not possess. We continue to expect that the Binance Web3 wallet can keep evolving.
In the competition of product capability and financial strength, it ultimately depends on whether we can create miracles for retail investors, as it is still beneficial for us retail investors to continue competing.
As the most eye-catching "prediction market" leading protocol in the Ethereum ecosystem in this round of bull market, it has swept the world during the US 🇺🇸 election. The predicted transaction volume of the presidential election alone is close to 1B US dollars. However, now someone has tampered with the final prediction results and made profits by manipulating the oracle, which makes the community question the fairness and playability.
What happened? 🔽
Prediction event: Will Ukraine 🇺🇦 reach a rare earth trade agreement with Trump before April.
Real answer: No Final beneficiary: Yes
Why did such a reversal happen? 👇
#Polymarket relies on @UMAprotocol's Optimistic Oracle (OO) to resolve disputes over market results.
A UMA tycoon (bet in this market, but according to the reality, he is about to lose the bet (i.e. the market result is not in his favor).
UMA's Optimistic Oracle mechanism allows users to propose market results (propose), and if no one objects (dispute), the result will be accepted. If there is a dispute, it will enter UMA's Data Verification Mechanism (DVM), and the final result will be decided by UMA token holders voting.
At the last moment of market settlement, this UMA tycoon used the huge number of UMA tokens he held to "hijack" the oracle's results through voting, forcibly reversing the predicted results and profiting from it.
UMA's DVM mechanism relies on the votes of token holders, and the voting weight is proportional to the amount of coins held. The voting influence of this tycoon is enough to overwhelm other participants.
The incident exposed the#UMAoracle and #Polymarket Potential loopholes in the governance mechanism, especially when the tokens are unevenly distributed, large holders can use voting rights to manipulate the results.
What is Polymarket's response ❓
The official later admitted that this was a "mistake" because the results were obviously inconsistent with reality, however, Polymarket said that this governance attack was "part of the rules of the game." Their position is that the design of the UMA oracle allows token holders to decide the results through voting, even if the results are inconsistent with reality. This is the operating logic of the decentralized system, so Polymarket refused to modify the results.
📢 Note:#UMAmarket value $180 million The US presidential election, the prediction market transaction volume is close to $1B.
BNB chain's popularity has cooled, SOL is launching a counterattack, and the overall market has seen a slight increase. Japan's 'MicroStrategy' has once again purchased BTC.
Mainstream Market 📈
1: #BTC Fluctuating upwards, continuing to hover around the $85,000 position with fluctuations maintaining a $2,000 range above and below, with $87,000 above and $85,000 below. The market continues to wait for today's U.S. stock market opening for trends, as Bitcoin ETF has maintained a continuous net inflow since last week.
2: #ETH Ethereum occasionally shows some independent signals, but none have continuity, with prices oscillating between $1,950 and $2,050. Notably, the earliest application for Ethereum ETF staking was submitted by 21Shares on February 12, and the SEC needs to provide approval within 45 days (which could possibly be extended to 90 days), and March 30 is the last day within the 45-day period.
3: Altcoins BNB chain's MEME market has temporarily cooled, particularly noteworthy is the #UUU insider trading incident which has had a very bad impact. Binance has already launched an internal investigation, and the final handling results are still unknown. However, the speed at which the situation is unfolding, in the backdrop of rampant insider trading, has caused the BNB chain's popularity, which had just heated up for a few days, to cool down significantly. Recent statements from @heyibinance and @cz_binance have also been relatively cautious. In contrast, the SOL chain has seen some warming, with #Routine briefly reaching 20M. Community feedback indicates that people believe the MEME PVP difficulty on SOL is slightly lower.
Hot Events 🔥
1: @Metaplanet continues to purchase 150 BTC (valued at $12.9 million), bringing the total holdings to 3,350 BTC.
2: Fidelity has submitted an application to the U.S. Securities and Exchange Commission for U.S. Treasury 'ONChain' on Ethereum, expecting this product to launch on May 30.
3: WLFI has again spent 3 million USDT to buy 3.54 million MNT, with a total expenditure of $346 million on 11 tokens, incurring a total loss of $111 million.
4: Trump posted on his social platform Truth, "I LOVE TRUMP —SO COOL !!" promoting Trump Coin.
🚦 The cryptocurrency market has not seen any major fluctuations over the weekend, with trading volume only maintaining at $50-60 billion. BTC's market share remains above 60%. The only hype seems to be around some 🍉. For these gossip topics, it's best to just observe; as long as no one buys in, it’s all for fun.
Bitcoin's volatility fell below 50, total stablecoin supply surpassed 231B.
Mainstream Market
1: #BTC Volatility dropped to a new low in the past year, indicating that the market expects Bitcoin to continue fluctuating. With the U.S. stock market closed over the weekend, market liquidity will continue to shrink. ETF saw a net inflow of $83.1 million yesterday.
2: #ETH No one is participating in the discussion, and with the upgrade postponed and the ETF staking date unclear, it is now a crazy turnover phase. The ancient whales are taking profits, and those who want to gamble are choosing to jump in and take over. ETF had a net outflow of $18.6 million.
3: Altcoins New interesting Meme coins appear on the BNB chain, #LUXUN #laicai are both highly representative of our Chinese community culture, but the overall speedrun market cap is not that high. The speed of these new MEMEs has dropped from 10M to 1M, but as long as @Yi He and @CZ interact, they will take off immediately.
Hot Events 🔥
1: OFAC announced the removal of @TornadoCash contract address from the sanctions list.
2: Tether stated it is in talks with one of the Big Four accounting firms to promote reserve audits.
3: Coinbase is in deep discussions to acquire Deribit.
4: Strategy raised the issuance scale of STRF preferred shares from 500 million to 722.5 million.
5: South Korea plans to impose sanctions on unregistered exchanges like BitMEX and Kucoin.
🚦 The mainstream market is lukewarm, and under low volatility conditions, it is suitable for stable returns. Cash flow can be earned through wealth management, funding rates, covered calls, etc., while maintaining activity on BNB chain Meme coins and monitoring the tweets of He Yi and CZ, including the dynamics of 'Binance Square.' It is best not to be too ambitious, and the best strategy is to double your investment.
Binance activities lead market focus, the Trump effect is weakening.
Mainstream Market 📈
1: #BTC dropped back into the fluctuation range, prices continue to fluctuate around the 85000 mark, the upward trend lacks sustainability, mainly following the U.S. stock market, with no other favorable events to drive a new independent market after the three major narratives of ETF, U.S. elections, and national reserves. Interest rate cuts and monetary policy have become the focus of the market. Bitcoin ETF had a net inflow of $166 million yesterday.
2: #ETH after a strong day continues to weaken, another whale holding for 8 years transferred 34,000 ETH to Coinbase, with a total return of 44 times. Eight years ago, Bitcoin was around $2000, also yielding over 40 times. The available supply of ETH in CEX has dropped to 8.97 million, reaching a new low in ten years.
3: Altcoins on the BNB chain continue to see cash cows #BUBB #TAT are all targets with a fast track of 20M. As long as Big Brother @CZ @Yi He is active on Twitter, it can have a Midas touch effect. In contrast, Dragon One #MUBARAK is in a sideways state, #BANANA has reversed its ranking in Binance's voting for coins, currently in the first position. This asset has also risen sharply, with a market cap once exceeding 50M.
Hot Events 🔥
1: Canary Capital submitted a $PENGU ETF application to the U.S. Securities and Exchange Commission (SEC). Now it's not just public chains; as long as you can find connections, you can submit.
2: The U.S. Securities and Exchange Commission confirmed that, under U.S. law, Bitcoin and POW mining are not considered securities.
3: Trump participated in the DAS Digital Asset Summit via video and delivered a speech, mainly focused on two points: "Make America a Bitcoin superpower and the world cryptocurrency capital" and calling on the U.S. Congress to pass stablecoin legislation to further promote compliance and development in the cryptocurrency industry. There were no substantial benefits, and the market did not respond positively.
4: Binance launched Launchpool + Binance Wallet new activities.
🚦 Overall market conditions remain in wide fluctuations, with market hotspots still concentrated on BNB chain's cash cows and Binance's series of welfare activities. In the absence of clear signals and direction in the market, continuously earning some stable profits through stable strategies is quite good. Everyone can pay more attention to opportunities in this area.
Binance is launching a series of combined strategies.
Mubarak is leading the charge, establishing a wealth effect, attracting 'front runners' into the BNB ecosystem, @Yi He @CZ becoming the golden finger.
Voting for new listings + APP updates to increase the activity of on-site funds participating in on-chain assets.
Launchpool + Wallet IDO activities, the final step for user retention! Both on-chain and off-chain are working together, completing a closed loop within the ecosystem.
Traffic + funds + users, competitors next door may be feeling anxious.
Market Recovery, Federal Reserve FOMC Meeting Releases Positive News.
Mainstream Market 📈
1: #BTC The price finally broke through the box resistance level of $85,000, peaking at over $87,000, following the trends of the US stock market, and with favorable news from the Federal Reserve meeting, ETF inflows reached $11.8 million, maintaining a continuous net inflow for 4 days.
2: #ETH Ethereum was the first asset to make a move yesterday, as the market anticipated positive news before the meeting, with ETH price quickly breaking above $2,000, reaching as high as $2,069. However, ETFs still saw a net outflow of $11.7 million, marking a continuous net outflow for 11 days.
3: Altcoins XRP performed relatively strong, with some DEFI assets like UNI and PENDLE following Ethereum's strong performance to rebound, and BNB chain's TUT performed outstandingly with a market cap breaking a new high reaching $60M.
Hot Events 🔥
1: #币安投票上币 Binance launched the first phase of voting for new tokens, with a total of 9 tokens in the first round, selecting the top 2 by votes, voting time is 7 days.
2: The Federal Reserve maintained the benchmark interest rate, with the dot plot indicating two rate cuts in 2025, totaling a reduction of 50 basis points. Starting from April 1, it will slow the balance sheet reduction from $25 billion down to $5 billion.
3: Ripple's CEO announced the end of the case with the SEC, calling it a “historic victory” for Ripple and the cryptocurrency industry.
4: Putin will attend the Digital Asset Summit tomorrow and give a speech.
🚦From the Federal Reserve's stance, the market is expected to welcome some liquidity this year. Although there is no immediate halt to the balance sheet reduction or expansion of interest rate cuts, at least it acknowledges that tariffs have little impact on long-term inflation data. Now, we will see if a new narrative can emerge to lead a wave of major upward trends.
Mr. Sun is operating crazily, EOS has been renamed to Vaulta.
Mainstream Market 📈
1: #BTC The price continues to hover around $83,000, however, there has finally been good performance in ETFs, with a net inflow of $209 million today over two consecutive days. Comparing this to the performance of gold, it's evident that digital gold is still showing some weakness.
2: #ETH Ethereum surprisingly did not drop, stabilizing above $1,900. Today, I saw Mr. Sun stake $100 million worth of ETH into LIDO again. I wonder if he is gradually buying back what he previously sold at high prices. On the ETF side, there is still a net outflow of $52.8 million.
3: Altcoins BNB chain's MEME collectively corrected, with the leading #mubarak dropping over 50% from its peak market cap of over $200 million. Other assets on the BNB Chain also experienced varying degrees of correction, while EOS has appeared on Binance's gainers list, which is quite surprising.
Hot Events 🔥
1: According to @CoinDesk, #EOS has been renamed to Vaulta. EOS raised a lot of ETH during its ICO, later switching to BTC and government bonds, but the classic 'three waves' have continued to this day. It remains to be seen whether this currency and business transformation can trigger a third wave.
2: 21Shares has applied to launch a @Polkadot ETF on Nasdaq.
3: @saylor announced that MicroStrategy will launch STRF, a new type of perpetual preferred stock offering. I noticed that it is only open to institutions and specific investors, with an annualized return of 10%. MicroStrategy is trying various ways to raise money to buy Bitcoin, making it the largest name-brand bull in the current market.
4: IOSG partner @jocyiosg Jocy's tweet has sparked enthusiastic discussions in the Chinese community, primarily addressing the current prevalence of MEME, the serious talent drain in the cryptocurrency market, and calling on everyone to encourage pragmatic entrepreneurs and startup teams to return to long-termism and value investing.
🚦 The total cryptocurrency market capitalization remains at $2.7 trillion, with a trading volume of $74.3 billion. BTC's market share has slightly decreased to 60.7%. The recent FOMC meeting is about to begin, and everyone generally believes that there will be no interest rate cuts, staying the same. Whether to stop QT and the dot plot has become a market expectation for positive news.
Mubarak hits a new high, MicroStrategy buys BTC again.
Mainstream Market ☀️
1:#BTC The price continues to fluctuate around the range of $82,000 to $85,000, with a net inflow of $156 million for Bitcoin ETF.
2:#ETH The price of Ethereum is slightly stronger than Bitcoin, reaching a maximum of $1,950, with the ETF experiencing nine consecutive days of net outflow, totaling $7.3 million.
3: Altcoins #MUBARAK surged upward after going live on Binance contracts, with a market cap once exceeding $200M, Mubarakah became the number one MEME in this version, and its market cap also quickly reached $35M. Some older MEMEs on the BNB chain have also taken off, such as #Cheems and #TUT.
Hot Events 🔥
1: HYPE insider made a huge profit by closing a large short position, ultimately escaping unscathed in the face of a sniper, with a profit of $5.101 million.
2: Japanese listed company Metaplanet purchased another 150 BTC, spending a total of $12.5 million at an average price of $83,508. So far, this company holds a total of 3,200 BTC, with a return of over 60%.
3: MicroStrategy bought 130 BTC again at a price of $82,981, spending a total of $10.7 million. Currently, the strategy holds a total of 499,226 BTC, valued at $33.1 billion, with an average price of $66,360.
4: Pumpfun deposited 196,370 SOL to Kraken again, valued at $25.3 million. So far, they have transferred a total of 2,629,656 SOL, and Pumpfun has earned a total of 3,184,205 SOL, with a total value of about $400 million. In the past 24 hours, there was only one token with a market cap exceeding $1 million.
5: Vitalik again sold the tokens received in his wallet, this time selling #DHN for a total of 65 ETH, valued at $125,000. DHN immediately dropped over 50% after his sell-off.
6: Canary Capital submitted the S-1 filing for #SUI ETF.
🚦 The total market cap is at $2.7 trillion, with a trading volume of $74.2 billion, and BTC's market share is 60.8%. If we look at the data, the last time such trading volume occurred was during the period from August to October of last year, so the combination of risk-averse sentiment and insufficient liquidity remains the main reason the market cannot rise.