Some important events that you should not miss in the past week because it also shows some suggestions for this week ⬇️
$BTC - Weekly candle closed at $68,500 (+0.82%), slightly influenced by Mt.Gox's move and traditional stock market developments.
$ETH - Ethereum ETF had first day trading volume of over $1 billion. However, the "selling the news" effect has had a negative impact on $LDO, $SSV and $PENDLE.
📌 Solana ecosystem
$SOL - Solana appears to be the next ETF target, but its potential may be limited (Bloomberg). Additionally, it surpassed $BNB to become the 4th largest cryptocurrency by market capitalization, just 9% off its previous high.
$JTO - TVL at Jito has exceeded $2 billion. Jito Foundation has revealed plans to restore Jito.
$MUMU - Leading the#memetrend on Solana after Whale swapped $WIF for MUMU.
📌 Photos
$DMAGA - The price of this token decreased by 75% in 1 hour after Elon Musk changed his X (formerly Twitter) account profile picture
$WHY - Meme Elephant token skyrockets following news that BNB Chain will host the second BNB Incubation Alliance during the Bitcoin2024 Conference.
$TRUMP $MAGA - Sharp drop due to Donald Trump's speech at #Bitcoin_Conference_2024
🎯 AI
$WLD - SearchGPT, an AI-powered search engine prototype, has been released.
📌 GameFi
$PIRATE - Pirate Nation revealed plans to bring their v1 project online across multiple chains.
📌 Decentralized finance
$DYDX - dYdX's V3 platform has been hacked.
$ENA - BlackRock's BUIDL Fund has bid for Ethena's $45 million reserve fund allocation.
📌 Web3, Bet, Metaverse
$MOCA - Partnership with $TON Blockchain and $LRDS Block Lords.
$MAX - The next OKX Jumpstart project is Matr1x, a Web3 entertainment platform.
$ALT - The AltLayer project has adjusted the $ALT transfer schedule, pausing the transfer plan for 6 months.
It seems like good news is coming to the#Solanachain again, the strong growth of SOL also brought#memecoinback. ✔️
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However, we should look at which tokens have been accumulated by Smart Money over the past week:
1. $TAO - 1.8 million USD
2. $ENS - $651.2K
3. $AAVE – $575.5K
4. $ETHx - $437.7K
5. $TURBO - $328.1k
6. $RNDR - $248.5K
7. $RLB - $241.9K
8. $BAR
9. $1CAT - $138.0K
10. $PEPE - $120.8k
The strongest and most prominent accumulation of Smart Money belongs to $TAO -#AItoken, the rest we see $RENDER. Looks like#AItoken is in Smart Money's Accumulation Zone. The#Memeheat may rise first, but we should prepare for the stories afterward.
