1) Market trend:

Bitcoin (#BTC☀ ) began to adjust, and the old-fashioned currencies showed a trend of compensating for the rise. Meme coins with venture capital backgrounds continued to be hyped on the chain. At the same time, the US stock market plummeted and the US dollar index rose. The market generally expected that after the Fed cut interest rates in December, the pace of interest rate cuts would be suspended, and the number of interest rate cuts in 2025 might drop sharply to 2 times. #meme板块关注热点

2) Market hot spots:

- Public chain: Solana (SOL) and#Suirose sharply, and tokens such as Ray and Drift in #Sol生态 also followed the rise. The SOL/ETH exchange rate hit a new high. Solana's performance in the Meme coin market is similar to the promotion of DeFi by Ethereum (#ETH🔥🔥🔥🔥 ) in the last round, and it has become a hot chip for entry.

- Meme coins: Punt, Bonk and Banana prices rose. Musk mentioned squirrels, Pepe and Banana again on Twitter. Punt and Dogecoin have similar performance in the long run. Bonk plans to destroy 1 trillion tokens in December, which is expected to have a significant impact on its price.

- RWA (real world assets): OM tokens have risen sharply, with an increase of 250 times in the past year, and the trend is similar to that of Zhuang stocks, attracting a lot of speculative funds.

- Old coins: #xrp , #LUNA,#ATOMand other old coins have rebounded, but this also means that there is a lack of market hotspots and adjustments may occur in the short term.

- On-chain local dogs: RIF, URO, SCI, VITA and other tokens have risen sharply. RIF and URO are two official medical meme coins of Desci, involving the research of elixir of life. They are supported by biotechnology projects invested by Desci and BN, similar to A16Z's investment in AI Meme's GOAT and ACT, which are worth long-term attention.