Followin Daily (May 20)

Followin Daily

05-20

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Today's Quotes

Bitcoin $66887 - 66959 +0.1%
Ethereum $3077 - 3105 +0.9%

hot topic

-Alpha Information 05/20

- Runes' market value did not exceed 1 billion US dollars in the first month. Is the founder going to commit suicide?

- PYTH and other coins plummeted, large amounts of unlocking were blamed

For more information, see Followin Hot Trends: https:// Followin.io/zh-Hans/dailyTrending

Hot Topics Today

10x Research: Bitcoin’s key resistance level is $67,500, which could set a new high if it breaks through

10x Research said in a post on the X platform that Bitcoin's price trend has improved significantly since last week, and the $68,300 "line-in-the-sand" has returned to the spotlight because, technically, a break above that level could trigger a strong rebound. $67,500 is the next breakout level.

Data: Bitcoin and Ethereum network transaction fees are at historical lows

On May 2, according to network data, Ethereum Base Fee has been reduced to 2 gwei. In addition, according to mempool.space data, Bitcoin network transaction fees are also low, with low, medium and high priority fees currently only about 8 satoshis/byte.

pump.fun attacker claims to have been arrested in the UK, now on bail and receiving psychological treatment

A former employee who allegedly carried out a $1.9 million vulnerability attack on pump.fun recently claimed that he had been arrested and prosecuted in the UK and has now been released on bail. Earlier news, pump.fun posted on the X platform that the attack was caused by a former employee who used his privileges in the company to illegally obtain withdrawal rights and carried out a flash loan attack with the help of the loan agreement, stealing about 12,300 SOL (worth about $1.9 million).

Kitty concept coins rose, GME, WSB, FFIE and other 24-hour gains exceeded 50%

Goingecko data shows that in the past 24 hours, Kitty concept coins have risen, among which Base chain GME rose 91%; KITTY rose 38%; WSB rose 97%; FFIE rose 62%. Unlike the rise of crypto assets, US stock data shows that GME and FFIE both fell sharply last week.

Tokens such as PYTH, AVAX and ID will have large unlocking this week

According to Token Unlocks data, PYTH, AVAX and ID will have a one-time large-scale token unlocking this week, with a total unlocking value of over US$1.1 billion. Among them: Pyth Network (PYTH) will unlock 2.13 billion PYTH at 22:00 on May 20, worth approximately US$812 million, accounting for 141.67% of the circulation; Avalanche (AVAX) will unlock 9.54 million AVAX at 8:00 on May 22, worth approximately US$340 million, accounting for 2.49% of the circulation; SPACE ID (ID) will unlock 18.49 million ID at 8:00 on May 22, worth approximately US$14.26 million, accounting for 4.29% of the circulation.

Gold continues to hit record highs, silver hits 11-year high

According to Jinshi Data, spot gold stood at $2,440/ounce, setting a new record high, up 1% on the day. Spot silver stood at $32/ounce, setting a new high in 11 years, up 1.7% on the day.

Ethereum's market share fell below 15%

Data shows that the total market value of cryptocurrencies has reached 2.554 trillion US dollars, currently at 2,553,885,916,872 US dollars, with a 24-hour drop of 0.4%, and a 24-hour trading volume of 46,378,440,870 US dollars. Currently, BTC has a market share of 51.8% and ETH has a market share of 14.6%.

Cryptocurrency Fear and Greed Index reaches 70, market sentiment slightly down

According to Alternative data, today's cryptocurrency panic and greed index is 70 (yesterday was 72), and the market's greed sentiment has slightly decreased as the currency price fell.

Alpha Information

Linea Ultimate Gameplay Overview

Linea continues to increase its investment and must do what needs to be done.

One-week token unlock: PYTH unlocks $960 million worth of tokens

PYTH was unlocked in large amounts, and the token price plummeted. Previously, AEVO was unlocked in large amounts, and the token price also continued to plummet. Large-scale unlocking under high FDV deserves serious attention at present.

Hotcoin Research: A detailed explanation of Binance’s investment landscape, just read this article

A very comprehensive presentation of the current status of Binance's investments. They particularly focus on areas such as infrastructure, on-chain applications, data analysis, and security.

Analysis: 5 on-chain indicators suggest the bull run has just begun

Do you believe in data indicators or market sentiment?

The launch did not reach the "US$1 billion market value" target, what are the catalysts for the next wave of Rune hype?

Rune is now completely unpopular. Judging from the revival of Ordi in the past, its popularity will either be listed on a major exchange or used as an underlying asset, and DeFi on the BTC chain will prosper, or BTC will enter a super bull market.

Opinion: Are VCs the culprits of the bull market? VCs are also stuck in a dead end

Cobie: When low-circulation, high-FDV tokens are rampant, the rising profits have already been privately divided up

Dragonfly Partner: Why are all these low circulation and high FDV tokens falling?

These three articles are very interesting. The core discussion is "Who is to blame for the complementary bull market?", and each article has its own emphasis. The editor's feeling after reading them is: the market is cooling down, and high FDV projects are more likely to be disliked by investors.

It is recommended to read the three articles in detail, so that you will have the opportunity to understand crypto investment from a new perspective and plan your own investment decisions.

Reflections on LayerZero’s anti-sybil campaign: How to avoid being listed as a sybil address?

The work of plucking hair must be done meticulously, and preventing witches is a necessary course!

Internal strife in the Move ecosystem? A former engineer announced his withdrawal, accusing Aptos, Sui and other projects of causing the ecosystem to split

Will Move become unpopular? …

Followin Daily (May 20)

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Alpha Information

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