Market Dynamics on May 28: The popularity of Ethereum-based Memes is showing a spreading trend
I. Market Overview
1. General Market Trends: The market is generally rising, with a continuous inflow into Bitcoin spot ETFs. Bitcoin's dominance is declining, and the altcoin season has arrived.
2. U.S stocks hit new highs while the dollar index fell.
II. Market Focus
1. NOT significantly increased, followed by game tokens HIGH, DAR, ENJ also rose accordingly. NOT is a gaming token in the TON ecosystem with DWF as its market maker.
2. Meme series such as FLOKI, MOG, WOJAK, TURBO and PENG have all risen sharply. Ethereum-based Meme popularity shows a spreading trend; among them Toad coin TURBO has surged 20 times within two weeks.The market risk is accumulating.
3.Stability tokens TRU and SPELL have risen sharply.The market is speculating on shadow stocks related to MetaDrop's newly issued LISTA .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Intel CEO: CPU only meets 50% of demand, 14A to start production in Q1 next year, new architecture may reduce inference power consumption to 1/15 of GPU
Intel CEO Pat Gelsinger stated that the era of AI agents has triggered an explosion in CPU demand, and Intel is currently able to meet only about 50% of its customers' supply needs, with several tech giant CEOs calling to secure supply. In terms of manufacturing process, the 18A node is now in full mass production, while the 14A node will begin production in the first quarter of next year. By opening up factory data, yield rates are improving by about 7% annually. Additionally, he is advancing neuromorphic computing to address energy consumption bottlenecks and expects quantum computing to have a substantial industrial impact within 3 to 5 years.
Reportedly, the US urges Japan to "increase" defense spending; Tokyo considers a 3.5% GDP target, bond market and yen come under pressure first
Under pressure from the United States, Japan is considering setting a new medium-term defense spending target, planning to increase its defense expenditure to 3.5% of GDP to align with NATO and other U.S. allies.
The logic of "cheap yen financing" is changing! Funds are reallocating "carry trades" as Swiss franc and Swedish krona compete for the funding currency position
The appeal of yen financing has diminished, and carry traders have recently turned their attention to the franc and the krona. With the yen’s recent surge making it a less reliable investment option, currencies such as the Swedish krona and Swiss franc are becoming primary funding choices for carry trades.
Crypto prices
More
