Market Dynamics on May 28: The popularity of Ethereum-based Memes is showing a spreading trend
I. Market Overview
1. General Market Trends: The market is generally rising, with a continuous inflow into Bitcoin spot ETFs. Bitcoin's dominance is declining, and the altcoin season has arrived.
2. U.S stocks hit new highs, while the dollar index fell.
II. Market Focus
1. NOT significantly increased, followed by game tokens HIGH, DAR, ENJ also rose accordingly. NOT is a gaming token in the TON ecosystem with DWF as its market maker.
2. Meme series such as FLOKI, MOG, WOJAK, TURBO and PENG have all risen sharply. Ethereum-based meme heat shows a spreading trend; among them Toad coin TURBO has surged 20 times within two weeks.The market risk is accumulating.
3.Stability tokens TRU and SPELL have risen sharply.The market is speculating on shadow stocks related to MetaDrop's newly issued LISTA.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nakamoto CEO clarifies that 367 bitcoins were used for DAT investment rather than an actual sale
Citibank and Swift complete pilot for PvP settlement process between fiat and digital currencies
Data: A certain whale increased holdings by 57,000 ETH in a single day, with total holdings reaching $1.21 billions