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VIPBitget VIP Weekly Research InsightsMemecoins have been gaining traction in the current market cycle, consistently drawing attention and capital. Established projects are now backing Pump.fun, a token launch platform, leveraging their brand and community resources to issue memecoins, engaging new users, and unlocking fresh capital for business growth. Fueled by the memecoin buzz, ApeChain's APE token surged by over 100% in a single day, reaching a three-month high. Additionally, Yuga Labs' NFT collections have seen a long-awaited recovery. Recently, major platforms and wallets have also begun actively supporting ApeChain. As a leading team from the NFT era, ApeChain shows strong development potential.
VIPBitget VIP Weekly Research InsightsRecently, as market liquidity recovers, the crypto market—led by key assets like BTC and ETH—has started to rebound. Leading DeFi assets have continued to update their products amid six months of market volatility, maintaining their market dominance and leading positions. With the upcoming U.S. presidential election, both candidates are likely to propose favorable policies regarding DeFi and Web3 applications, potentially bolstering the sector. As a result, leading DeFi assets are expected to benefit from an early boost in liquidity recovery and may outperform the broader market in the coming months.
- 14:03Data: Over 400,000 BATs have been transferred from Flow Traders to Grayscale BAT Trust FundAccording to Arkham monitoring, about three hours ago, 406729 BAT were transferred from Flow Traders to the Grayscale Basic Attention Token Trust.
- 14:02In the past 1 hour, a total of 22.7658 million US dollars has been liquidated across the entire network, mainly long positionsCoinglass data shows that in the past hour, a total of 22.7658 million US dollars have been liquidated across the network, including 22.3545 million US dollars from long positions and 0.4112 million US dollars from short positions.
- 14:02CryptoQuant Analyst: The MVRV 100-day moving average shows that Bitcoin has not yet reached the peak of this cycleThe CryptoQuant analyst stated that the analysis of the MVRV 100-day moving average indicator suggests that Bitcoin has not yet reached its peak price for this cycle. The MVRV 100-day moving average indicator is an optimized index for detecting market tops and bottoms. In the past two cycles, the MVRV index reached 3 at the market top, while it currently stands at 2.14. Based on this, it can be said that Bitcoin is preparing to reach its peak price in this cycle, which is likely to happen within a few months.