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VIPBitget VIP Weekly Research Insights (26 July)Over the past three weeks, SOL's price has rebounded strongly from a low of $120 to a high of $185 on July 21. This represents a robust recovery of over 50%, surpassing the rebound seen in BTC, ETH, and most other high-cap altcoins, making it a strength eco-project worth focusing on.
Bitget·2024/07/26 09:25
Flash
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Bubblemaps: MYSTERY may exhibit manipulative trading behavior, with a few wallets controlling 90% of token supplyAccording to ChainCatcher, the on-chain analytics platform Bubblemaps posted on X, pointing out that the token MYSTERY may have exhibited highly centralized control behavior during its initial launch, which Bubblemaps described as a "textbook scam." Bubblemaps revealed data showing that about 90 newly created wallets seized roughly 90% of MYSTERY's supply during its launch and have continuously sold off, with total cashouts exceeding $100,000 so far. They still hold about 40% of the token's supply. In addition, this token exhibited clear "bundled distribution" and centralized control characteristics in its early phase, and some KOLs promoting the token were suspected of paid promotion.
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Sandisk's gains widen to 11%, with total market capitalization surpassing $200 billionAfter the US stock market closed on April 30, SanDisk reported its third-quarter financial results, which far exceeded market expectations. On top of a 97% quarter-on-quarter increase in Q3, the company still expects the median revenue for Q4 to grow by another 35% quarter-on-quarter. In terms of specific financial data: revenue reached $5.95 billion, nearly double the previous quarter and significantly higher than analysts' expectations of $4.72 billion; adjusted earnings per share came in at $23.41, well above the market expectation of $14.51. The company expects Q4 revenue to reach between $7.75 billion and $8.25 billion, with a median of about $8 billion, markedly above the market expectation of $6.65 billion; adjusted EPS is expected to be between $30 and $33, also higher than analysts' expectations of $24.6.
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US stocks: Shopify (SHOP.US) drops over 8% as Q2 revenue growth expected to slowOn the news front, SHOP reported a 34% increase in first-quarter revenue, reaching 3.17 billion USD, which exceeded the expected growth rate of 31% and surpassed the company’s anticipated low 30% growth rate. This was mainly driven by merchant solutions revenue surging 39% to 2.42 billion USD. Gross Merchandise Volume (GMV) broke the 100 billion USD mark for the first time, hitting 100.7 billion USD (up 35% year-on-year). This significant milestone indicates a continued rise in platform adoption and merchant engagement.