Last night, the market followed the panic sell-off of US stocks, dipping to around 9400. Although it found support, it still needs to be repeatedly verified. It seems that this position will inevitably undergo repeated adjustments and fluctuations in the short term, estimated to last about 1-2 weeks.
In terms of altcoins, attention can be focused on strong coins, as each major drop is an opportunity to increase positions.
Let's analyze today's hot topics:
1. $Move performed remarkably, holding up against the market's decline after going live last night, and this morning it surged against the trend, with its FDV reaching over 10B.
2. In the meme sector, last night's golden dog Luigi has some narrative behind it. The hot event in the US these days is that someone shot the CEO of UnitedHealthcare, Brian Thompson, because the company's denial rate reached an astonishing 30%, which caused public dissatisfaction. After the incident, netizens rushed to support the meme, and once the name of the meme was revealed last night, it instantly became popular.
3. The TikTok sensation $APPLE, after a16z co-founder Marc Andreessen retweeted a creative video related to APPLE, the market experienced FOMO. Its FDV was once close to 50M.
4. In the meme category on CEX, $pepe stood out. After hitting an ATH yesterday, it was dragged down by the market, but it remains strong and will continue to surge after the market adjusts.
5. $FLOKI announced the launch of a debit card, which can be continuously monitored for its performance.
6. Apart from new narrative memes on-chain, there’s a general pullback. We have always emphasized that for most memes, don't fall in love; learn to take profits when you earn. After the trend passes, the vast majority will return to zero.
7. Altcoins on CEX have significantly adjusted alongside the market. Each pullback reveals who is strong, so it’s a good opportunity to select some strong targets for bottom-fishing.
8. Today $ME is going live, and the airdrop claim will open on December 10 at 22:00. Yesterday, someone noticed that me tokens were deposited into Binance's wallet address, so it might go on Binance. Keep an eye on this, it's a big deal.
9. Stacks: sBTC is about to launch, and Bitcoin DeFi is thriving on Stacks. $STX still shows no signs of strength.