Market Focus
1. Strong performance of MEME coins
In this wave of market, MEME coins such as NEIRO, SPX, FWOG and MEW have risen sharply. NEIRO is the leader of this round of gains, and the exchange is behind it. SPX, as an old MEME coin, has a similar method to MOG; FWOG is the "Frog MEME" on the PUMP.FUN platform. Another noteworthy thing is that the long fee of POPCAT contract is as high as 200%.
2. The rise of new public chains
The new public chains SUI and SAGA have performed well recently. SUI's market value has reached 20 billion US dollars, close to its historical high, while SAGA will not be unlocked before March 2025. This round of market hype is still MEME, new public chains and artificial intelligence (AI).
3. The craze of fan coins
Some football-related fan coins such as OG, SANTOS, LAZIO, ALPINE and PORTO have also performed well. OG was previously a market maker, and historically these football fan coins are usually pulled up when the market falls.
4. The madness of emerging currencies on the chain
The on-chain dog coin MOODENG (based on Ethereum) soared dozens of times in a week, which attracted widespread attention from the market. At the same time, Hippopotamus received a response from Ethereum founder Vitalik after doing charity activities. The market value of Hippopotamus on the ETH chain reached 100 million US dollars, close to the original Hippo on the SOL chain. This also led to active transactions of dog coins on the chain, resulting in a sharp increase in GAS fees.
