MARKET insight

$SOL is rising, and funds from the FTX exchange are expected to be compensated soon. The SOL/ETH exchange rate has reversed.

The AI sector on exchanges, including AI, NFP, MAGIC, ATA, IO, AKT, and GRASS, sees catch-up growth. MAGIC's founder, formerly with AI16Z, plans an AI Monkey game. Capital is rotating to the fundamentally weakest assets in the sector, entering a phase of extreme sentiment in the AI market.

The on-chain AI sector pulls back collectively, while some applications like COOKIE, ALCH, and SWARMS continue to rise. Binance has listed futures for AI16Z, ZEREBRO, and GRIFFAIN without listing on spot market.

Memes associated with Murad, such as #Fartcoin , SPX, and GIAA, surge significantly. SPX's market cap reaches a new high of over $1 billion.