How much key market intelligence did you miss on January 9?

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Top News

1.AI meme token LLM's market cap briefly surpassed $100 million, with 24-hour trading volume exceeding $330 million

2.The VitaDAO proposal "to airdrop 6.9 million BIO to VITA and VitaDAO IPT holders" has been rejected

3.Eliza Labs partners with IoTeX to usher in a new era of perception AI empowered by DePIN

4.Arthur Hayes responds to "U.S. DOJ allowed to sell $650 million in Bitcoin": I'm ready to buy the dips

5.The total market cap of the AI proxy token sector fell to $15.1 billion, a 4.9% drop in 24 hours

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

BERA: Today, discussions about BERA on Twitter were heated, highlighting the important developments of Berachain, including the announcement that 127 projects are eligible for the RFA program, which aims to support builders in the ecosystem. Berachain's staking activity has attracted over $1 billion in TVL, demonstrating strong community interest and participation. Additionally, Berachain's unique economic model and its integration with multiple DeFi protocols such as Pendle and Concrete have also garnered widespread attention. The ecosystem's focus on NFTs and AI-driven DAOs, such as 3 Beras Capital, further emphasizes its innovative approach, attracting the attention of investors and developers.

XRP: Today, XRP received widespread attention due to several key developments. The Ripple president announced that an XRP spot ETF is likely to be approved soon, following the approvals of Bitcoin and Ethereum ETFs, which has sparked optimism in the community. Additionally, reports indicate that Bank of America is using XRP for all of its internal transactions, further enhancing its credibility. Ripple's collaboration with Chainlink to drive the adoption of its RLUSD stablecoin in DeFi was also a highlight. These factors, combined with XRP's resilience in the face of overall crypto market volatility, have made it one of the hot topics.

FARTCOIN: FARTCOIN became a topic of discussion today, with the focus on its "emoji" appeal and market performance. Despite the overall market correction, FARTCOIN's market cap remains above $1 billion, often being compared to other meme tokens like LLM and AI16Z. Some tweets mentioned its future growth potential, while others expressed caution about its speculative nature. The token's popularity is attributed to its humorous branding and the high level of community engagement, with many tweets mentioning large purchases and its status as a hot topic gainer.

MOVEMENT: Movement Labs, a blockchain development company based in San Francisco, is nearing the completion of a $100 million Series B funding round, with a valuation of around $3 billion. This round is co-led by CoinFund and Nova Fund (a division of Brevan Howard's digital assets). The funding will support Movement's expansion of its Ethereum-based Layer 2 blockchain, using Facebook's Move programming language. This news has generated significant discussion on Twitter, with many people discussing its potential impact on the crypto market and the anticipation of Movement's mainnet launch.

STORYPROTOCOL: Today, the discussion around STORYPROTOCOL focused primarily on its latest collaboration with Stability AI, aimed at combining AI with blockchain for intellectual property management. This collaboration is seen as an important step towards creating a programmable intellectual property blockchain, and many are optimistic about its potential impact on the AI and crypto industries. This partnership has sparked interest in the project's future development and its role in the evolving intellectual property economy, with several tweets highlighting the project's innovative approach to IP protection and monetization.

Threads & Tweets

1. Comments from an a16z member on tokens like LLM, @dankvr

2. Summary of the AI market in the past 24 hours, @S4mmyEth

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Top Gainers & Losers

Token price movements on January 9, filtered and ranked by trading volume

Top Gainer

1.$AQT

2.$STRIKE

3.$SBD

Top Loser

1.$XTER

2.$BUTTHOLE

3.$KEKIUS

On-Chain Data

On-chain fund flow on January 9

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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