Today's Market Overview

$BTC is starting to adjust, and older coins are catching up. There's ongoing hype on-chain about memes with VC backing.

U.S. stocks have fallen sharply. The U.S. dollar index has risen significantly. The market expects that after a rate cut in December, there will be a pause in rate cuts for a while, with the number of cuts in 2025 significantly reduced to two.

Market Highlights

$SOL and SUI have surged, with SOL ecosystem components like RAY and DRIFT also rising. The SOL/ETH exchange rate has reached a new high, positioning SOL similar to ETH in the last cycle for DeFi, acting as an entry chip for memes.

Memecoins like PNUT, BONK, and BANANA are rising. Elon Musk mentioned Squirrel, Pepe, and Banana again on Twitter, essentially indicating that PNUT and DOGE are likely to rise and fall together in the long term. BONK plans to destroy one trillion tokens in December.

RWA's OM has surged, increasing 250 times over the past year, with a trend similar to manipulated stocks.

Older projects like $XRP , LUNA, and ATOM are catching up, indicating a lack of market hotspots and a high likelihood of adjustment.

On-chain memes like RIF, URO, SCI, and VITA have surged. RIF and URO are part of DeSci's pump.science’s two official medical memes are researching drugs for immortality. DeSci is based on Binance’s investment in Bio for subsequent hype, similar in logic to a16z's investment in AI memes like GOAT and ACT, and is worth long-term observation.

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