GM20241112

1) Market Trends

BTC surged close to 90,000, similar to the main upward wave of the last bull market. MicroStrategy purchased 2 billion USD in BTC. Market sentiment is euphoric, and BTC contract rates have entered the high-risk range of 0.05-0.1%.

U.S. stocks rose to new highs, with Tesla experiencing significant gains.

2) Market Hotspots:

1. New tokens on BN: ACT, PNUT. ACT is an AI meme, and A16Z donated to two AI memes, namely GOAT and ACT, both of which have legitimacy, but the developer of ACT previously ran away. AI memes are a new track, and being the first to be listed on a major exchange gives it scarcity, with a valuation ceiling likely exceeding 2 billion USD. IO in the same track is at 2 billion USD, Render is at 3 billion USD, and FET is at 4 billion USD. The process for listing ACT on BN is similar to the previous lowercase doge; first giving the dragon one GOAT contract, then flipping to give the dragon two ACT spot. The market cap before listing was also around 20 million USD. It is evident that the meme coin strategy on BN is wild speculation, favoring small market caps and lacking major whales, with a history of high popularity for meme coins.

2. PNUT is Elon Musk's politically-themed internet celebrity squirrel, belonging to the zoo + political meme category. ACT is exclusive to BN, while PNUT is available on both OK and BN; general exchanges tend to favor promoting exclusive coins.

3. The meme DOGE rose sharply, with a market cap reaching 50 billion USD, close to half of SOL, and its trading volume in USDT on BN surpassed that of ETH. DOGE is a combination of Musk's concept + BTC meme. Over the past month, the top performer on BN was DOGE, with an increase of 220%; the second was RAY, with an increase of 180%. Other new memes like NEIRO and MOODENG have had their funding heat diverted by the newly listed ACT and PNUT, indicating that meme trends change rapidly.

4. AI tokens like IO, WLD, RENDER, and GRASS are also rising, driven by the leading AI segment token ACT.