The market currently lacks winners, with significant volatility and little change in alternative investments. It is advised to reflect on your positions to ensure they can withstand sideways movements and potential losses. Before the launch of ETH ETF, there are still important events in the market.
Solana and Base attract funds, while Ethereum remains the highest in DEX trading volume. GME attracts attention again, PEW upgrades lead, and BRETT becomes the first Meme coin with a market value exceeding $1 billion. NFT trading volume is sluggish, with JASMY, THETA, and TAO receiving the most inflows. DMT continues to accumulate, with GMX wallet purchasing $3.7 million. HFT and GMX have unlocking plans. TAO and FLOKI represent strong BNB, PEW is the latest on-chain frontrunner, DEGEN and Normie are accumulating, and KLIMA and SPEC are performing well. DMT continues to accumulate on Arbitrum, with GMX seeing recent significant purchases, but the unlocking of tokens may lead to selling. Capital protection is crucial, opportunities may arise in the summer, but caution is advised.
In the market summary, Swell provides the latest news on the Swell airdrop, DWF Labs invests in FLOKI Meme coin, Yes Money (Baseline Markets) relaunches and dies, Starkware plans to introduce ZK technology to Bitcoin, and MEV is considered illegal market abuse under EU MiCA rules. Spectra Finance launches after 2 years of construction, Coinbase introduces a smart wallet, ZkSync applies for ZK trademark in 9 countries, MEV Scanner is launched to track wallet exposure to MEV, and token incentives for evaluating the DePIN network.
Cross-chain flow sees Solana and Base attracting additional funds, with Ethereum’s DEX trading volume remaining high. Pair trading volume is strong on many platforms, with GME attracting attention again and PEW leading in upgrades. BRETT breaks $1 billion in market value, NFT trading volume is weak, and net inflows are highest for JASMY, THETA, and TAO. GMX sees significant purchases, and upcoming token unlocks may lead to sell-offs.
It is important to track the market and protect capital, with caution advised in the face of potential summer opportunities.