Market dynamics on May 16: PEPE, PEOPLE, FLOKI show strong performance
I. Market Overview
1. Bitcoin is falling, and altcoins are generally declining. The mining power of Bitcoin has been decreasing for two consecutive months, and the current shutdown price is 55,000.
2. U.S stocks are rising. The U.S producer price index hits a one-year high, and inflation issues remain severe.
II. Market Focus
1. Meme series such as PEPE, PEOPLE, FLOKI, HARRYPOTTER etc., show strong performance. These are all Ethereum platform's Meme tokens; among them PEOPLE is related to the US election.
2.The newly issued BB and REZ tokens on Bn platform have generally fallen sharply.REZ、OMNI、SAGA、TNSR、W etc., many token prices were halved; retail investors no longer buy venture capital type tokens.
3.WLD token in AI field has dropped significantly; starting from July it will unlock about 50 million circulation daily.
Address：https://www.j56.xyz/markets/7257.html
