Overall market trends on May 31:
Under the influence of macroeconomic factors, the market fluctuates. It can be seen from the on-chain data that transaction volume has declined, Bitcoin has entered a state of shock, and the capital flow of exchange-traded funds (ETFs) is still not ideal.
Market focus dynamics:
1: Trump was convicted of all 34 felony charges, making him the first former president to be convicted in U.S. history. This incident caused a correction in the prices of "maga" and "trump" related assets, significantly reducing its possibility of winning the general election.
2: The cross-chain bridge project stg achieved significant growth yesterday. The driving force behind it was the listing of the project on the Korean Exchange. This event directly promoted the surge in its price, once again confirming the strong market pull effect of the Korean Exchange. .
3: The price of not tokens in the ton ecosystem has increased significantly. The fully circulated meme is expected to soon become the gas for Telegram wallets and has the potential to become a medium of exchange for other projects, indicating promising future development prospects for not tokens.
4: In the Bitcoin ecosystem, the prices of tokens such as dog and ordi have also increased significantly. At the same time, the value of pizza tokens airdropped from unisat wallet has exceeded 200U per account.
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