Market Update on May 14: PEPE Sets New Record
I. Market Overview
1. Bitcoin rebounds, while altcoins generally decline.
2. U.S stocks fluctuate. The previous retail movement leader GME surged several times, and the roaring kitten in the bull market once again became the focus.
II. Market Focus
1. Meme series such as PEPE, FLOKI, MAGA, MOG, POPCAT and MICHI are all on an upward trend; homophonic memes like GME and KITTY have even risen dozens of times over. Among them, PEPE set a new record and Roaring Kitty led the cat-themed meme uptrend. The funds from American retail investors impacting Memes highly overlap with those impacting GME.
2.BB's performance on Bn platform is mediocre while Auction has significantly declined. BB is a bitcoin re-pledging protocol developed by the Auction team and it is also the first project launched by Megadrop on Bn platform . Compared to overall market conditions , BTC ecosystem appears weak with newly issued currencies like MERL and DOG hitting new lows.
3.This week STRK will unlock assets worth 80 million dollars , ARB will unlock assets worth 100 million dollars .
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