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The cat-themed sector of the memecoin market has outperformed the wider cryptocurrency market in the past 24 hours.The rally follows the reported return of ‘Roaring Kitty’ to Reddit, which caused the prices of the GME, ROAR, and KITTY memecoins to surge on Monday and then sharply sell-off.
Analysts observed higher implied volatility in ether options compared to bitcoin options.This may suggest expectations of more significant price movements for ether, likely due to the upcoming rollout of spot ETH ETFs.
The market shift from consolidation to re-accumulation is evident in the behavior of Bitcoin ETFs and the plunge in exchange reserves.
Check out which meme coins could make the headlines in June.
- 04:32CryptoQuant CEO: Trump's coin issuance signifies that social influence will be measured by market value rather than the number of fansCryptoQuant CEO Ki Young Ju posted on X saying, "Social influence will soon be measured by market value rather than the number of fans. Trump's coin issuance yesterday marked this shift. Unless someone stronger than the president intervenes, it is inevitable. As victims emerge, chaos will affect the law - that's the saddest part."
- 04:27Market News: TRUMP team withdraws 5 million USDC liquidity from Meteora pool to exchange for SOLAccording to market news, the TRUMP team withdrew 5 million USDC liquidity from the Meteora pool, exchanged it for SOL, and then sent it to the CEX deposit address.
- 04:23A certain address sold TRUMP worth 8.23 million USD in nearly 2 hours, making a profit of 6.99 million USDChain analysts have observed that an address sold 310,000 TRUMP in the past two hours and converted it into 8.23 million USDC, making a profit of 6.69 million USD. This address used 1.54 million USDC to purchase 310,000 TRUMP at an average price of $4.95 per unit yesterday at noon. It then began selling TRUMP two hours ago and has now completely sold out for a total of 8.23 million USDC, with an average selling price of $26.5 per unit. In just twenty-two hours, they made a profit of $6.69 million (+434%) on their TRUMP holdings.