The market is now taking turns: SOL yesterday, ETH today, and BTC may be its turn tomorrow.
BTC must hold 112 first. ETH has already rushed to around 4500. It was stuck here twice before. This time, let’s see if it can force its way to 4600.
Regarding the altcoin: After #PENGU breaks through the trend line, there is a high probability of a new wave of market, which can be regarded as an adjustment before taking off again;
#DOGE has also completed the bottom of the daily line. It depends on whether it can break through 0.23. If it breaks through, the trend will be even more beautiful.
#BIO belongs to the decentralized science sector, a new narrative in this cycle. The trend has established a solid bottom, and it's holding steady after retracing to support. While there's upward pressure, there's still potential after the correction. As a new sector, profitability is modest, but leading coins are never far behind. Scientific memes are also worth keeping an eye on.
Let’s take a look at the three hot spots in the market today:
Recently, the crypto and the U.S. stock market have been dominated by the Trump family: ABTC, a mining company, and WLFI, a cryptocurrency company, both appeared on the scene, directly staging a great leap in wealth.
🥇Act 1: Trump’s “Mining Empire” ABTC
American Bitcoin (ABTC) , founded by two of Trump's sons and Hut 8, officially listed on the Nasdaq yesterday. Its opening price was a roller-coaster ride: it soared as high as 110% during the day, was suspended five times by Nasdaq, and still closed up 16%. A highlight was that Eric Trump, the second-oldest son of Trump, held a 7.5% stake, his net worth skyrocketing by $540 million overnight. As for the company itself? It primarily focuses on mining, and even enlisted the Winklevoss twins to invest in Bitcoin to further enhance its presence.
Communication + V: Mixm5688 To put it bluntly, this is a capital game disguised as the "Bitcoin dream". The routine is: first use the popularity to drive up the stock price, and then cash out elegantly, and retail investors take over.
🥈 Act 2: WLFI's Wealth Harvesting Show
Just days before ABTC's listing, World Liberty Financial (WLFI) , another Trump family asset, also launched. WLFI opened at $0.46 before plummeting in half to $0.22 . But don't underestimate this roller-coaster ride: on the day of its listing alone, the Trump family's reported wealth increased by $5 billion , with actual cash outs of $500 million .
Even more bizarre is the lack of official explanation regarding whether this token offers dividends or equity. However, if the story is compelling enough, the money will flow in quickly. Conclusion: WLFI isn't a coin; it's an ATM disguised as a political machine .
🎴 Act 3: Pokémon also come to the chain
While everyone was watching Trump making money, Raydium quietly made a splash: it moved Pokémon cards onto the blockchain and launched the #CARDS token.
The result? The token skyrocketed over 200% in 24 hours, with its market capitalization soaring to $140 million . The reason is simple: it's backed by physical Pokémon cards, with some even valued at $5 million. It seems the combination of nostalgia and on-chain gameplay is a double-edged sword for both geeks and scammers.
summary
Throughout this wave, the Trump family has been playing a game of political aura and capital. ABTC and WLFI, with one mining and the other issuing tokens, are both "arbitrage schemes disguised as faith." Meanwhile, the on-chain implementation of Pokémon cards demonstrates the concept of "IP + blockchain = limitless imagination." As for who truly believes, and who is being exploited?
Conclusion: ABTC and WLFI rely on people’s hearts, CARDS relies on emotions, and it is always retail investors who pay the bill.
This is the end of the article! If you are still confused about the direction in the crypto, why not join me in the layout and wait for you to come, otherwise, in the next wave of market, you may be the one standing on the other side. Welcome to join us in private chat: V: Mixm5688
For more articles, follow the official account: Crypto Xiao Miaoy
