The Gray Research updated the TOP 20 assets of concern in the first quarter of 2025, adding HYPE, ENA, VIRTUAL, JUP, JTO, and GRASS.

Currently, three core areas need to be focused on:

First, the U.S. elections and their potential impact on industry regulation, especially in key areas such as DeFi and staking;

Second, significant breakthroughs in decentralized AI technology and the widespread application of AI agents;

Third, the significant growth of the Solana ecosystem.