Market Dynamics on May 13: PEPE, AR lead the surge in Meme, AI sector
I. Market Overview
1. Major market trends: BTC fluctuates, ETF outflows. Lack of market hotspots.
2. U.S stocks rise, the market is looking forward to the CPI data on the 15th.
II. Market Focus
1. Meme leaders PEPE and AI Dragon AR show strong performance with four consecutive weekly gains. Whales buy into PEPE.
2. The price of DeFi's GMX rises as contract trading platform GMX migrates to Solana chain which surpasses Ethereum, BSC, Arbitrum, Optimism, Base 5 chains in total DEX transaction volume.
3.MAGA and DONAD TREMP from Meme have significantly increased.Trump supports cryptocurrency; MAGA enters top 200 with a market cap of $400 million.
4.Rewards can be claimed by re-pledging Eigenlayer; its future market value is expected to be $12 billion and may start trading at the end of September.Pledging EIGEN to puffer nodes can earn points rewards.
5.Bn's Megadrop platform will launch Bouncebit (BB) today.BB is a product based on BTC re-pledge protocol planning similar Ethna futures arbitrage strategy in future.With TVL reaching $1 billion and total supply being 21 billion units,BB's estimated market cap could reach around $2 billion.Three months ago,it was valued at about $60 million during VC round financing in February 2024.
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