Market Highlights:
1. The AI sector's Turbo, CTXC, Goat, ACT, AI16Z, Virtual, Fartcoin, and others surged. Many AI memes like AI16Z and Fartcoin reached new highs. Following the rhythm of the US stock market, after speculating on AI hardware infrastructure, the market has begun to speculate on AI software applications. The logic is similar to after the speculation on Apple’s hardware, the focus shifted to mobile games and apps.
2. The meme coin Pnut surged, listed on Coinbase. The space is opening up, and its market cap is likely to benchmark against Pepe's ten billion market cap. Recently, Coinbase has listed more meme coins, and Binance has listed more VC coins.
3. The public chain Sui saw a significant rise, with its ecosystem partner Cetus also following suit. Sui has launched a global accelerator program.
4. New coins on Binance like Orca and ACX rebounded after being oversold. However, the VC coins ME and MOVE listed are showing a trend of upward spikes followed by a slow decline, halving in value. The new DeFi coin Hype reached a new market cap high, hitting 16 billion dollars.
