Solana ecosystem briefly shut down, is Binance Alpha really Alpha? | What is meme hyping today?

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In recent days, the trading volume of on-chain meme tokens has been relatively low, and the focus has mainly remained on AI agent-related tokens. Last night, the PENGU token was launched on Solana, igniting market sentiment. PENGU reached a peak market capitalization of 12.6T, with a 24-hour trading volume of 1.1B. Subsequently, a large number of related tokens and imitation tokens emerged, and the Chubby Penguin is still leading the trading hotspot on the Solana chain. Furthermore, as the popularity of AI agent platforms expands and continues, the trading volume of the Base ecosystem and the Hyperliquid ecosystem remains at a relatively high level, with the heat continuously rising. Leveraging the popularity of the Binance Alpha platform, related concept tokens have experienced price-driven fluctuations.

SOLANA Ecosystem

In the past 24 hours, the total trading volume on the Solana chain was 5.425B, with 5.67M active addresses, both maintaining at a relatively high level. The on-chain meme hotspot is mainly concentrated on PENGU and AI agent concepts, among which PENGU's 24-hour trading volume reached 1.1B, accounting for 20% of the entire Solana ecosystem trading volume. Other popular trading cryptocurrencies include UFD, which symbolizes the recognition of cryptocurrencies, the AI agent development platform ARC, and RIF, which experienced a sharp rise and fall due to the Binance Alpha spotlight projects incident.

PENGU

PENGU is the official token of the Pudgy Penguins Non-Fungible Token (NFT) series, which has collected 8,888 unique and adorable penguin cartoon images. Pudgy Penguins is one of the largest NFT collections on the Ethereum blockchain, and although it is not the first major NFT project to issue a native token, it has weathered the NFT winter and become the second-largest NFT project by market capitalization, second only to CryptoPunks. Leveraging its strong global community and its enduring and lovable characters, which have been made into toys, the Pudgy Penguins brand has been pushed into a broader world beyond the crypto realm.

PENGU was first launched on Solana on the evening of December 17th at 21:00, and was listed on Binance and OKX an hour later (22:00), aiming to expand its community and further increase the influence of Pudgy Penguins. According to the official announcement from Pudgy Penguins, the total supply of PENGU is 88,888,888,888. These tokens will be minted on the Solana blockchain during the Token Generation Event (TGE).

After the launch of PENGU, it attracted tremendous attention, reaching a peak market capitalization of 12.6T, but subsequently presented a trend of high opening and low closing, quickly falling to 11B within 5 minutes, and the current market capitalization has dropped to around 3B.

Peak Market Capitalization: 12.6T

Current Market Capitalization: 2.5B

24h Trading Volume: 1.1B

Highest Profit at 12AM (GMT+8) Today: 1.74%; Current Profit -7.14%

UFD

The issuer of UFD is 54 years old, born in the baby boomer generation, and has previously believed that silver and gold are the true forms of currency, regularly updating videos about gold, silver, and other precious metals on his YouTube channel. After learning that the market capitalization of Fartcoin reached 500 million, he decided to create his own meme coin "Unicorn Fart Dust" (UFD), and if this meme coin becomes popular, he will change his prejudice against cryptocurrencies.

UFD is a symbol of cryptocurrencies gradually being recognized by traditional asset investors, a symbol of the crypto spirit breaking through again. As soon as it was released, it attracted widespread attention, reaching 30M in just 3 hours, and after a slight pullback, it reached a new high of 40M, standing out among the "PENGU craze".

Peak Market Capitalization: 45.1M

Current Market Capitalization: 33.6M

24h Trading Volume: 94.6M

Highest Profit at 12AM (GMT+8) Today: 111.74%; Current Profit 57.75%

ARC

The ARC team has built a platform that drives the development of AI agents through a modular and lightweight Rust framework called RIG, as a tool for the AI field, suitable for AI applications that require high optimization and high performance.

RIG has gained considerable recognition in the Web2 field, attracting a large number of developers' attention due to its efficient performance and robust design. Currently, the framework has received 260 stars on GitHub, demonstrating a good level of community recognition. ARC has brought new possibilities to the LLM technology ecosystem, promoting the application and development of the Rust language in the large model field, and has strong technical backing.

After reaching a high of 161M on the 16th, ARC began to correct, and is currently fluctuating around the 100M level.

Peak Market Capitalization: 161M

Current Market Capitalization: 101.6M

24h Trading Volume: 30.3M

Highest Profit at 12AM (GMT+8) Today: 7.87%; Current Profit -26%

RIF

After Binance Labs announced an investment in the BIO Protocol, igniting the new DeSci concept, RIF, as the leader of the DeSci concept, generated a wealth effect of hundreds or even thousands of times. As the DeSci concept gradually cooled down, the trend of RIF also gradually stabilized. However, the Binance Alpha spotlight projects incident on December 18th caused RIF's market capitalization to experience a sharp rise and fall. Binance's official Twitter account published a TG group that listed 5 alpha projects, including RIF, and as soon as the list was released, the 5 tokens on the list quickly surged, but the list was later deleted, and Binance claimed that the TG group was not an official group, causing RIF's market capitalization to plummet.

Peak Market Capitalization: 272.6M

Current Market Capitalization: 59.4M

24h Trading Volume: 27.4M

Highest Profit at 12AM (GMT+8) Today: 77.32%; Current Profit 28.29%

Base Ecosystem

In the past 24 hours, the total trading volume on the Base chain was 1.817B, with 1.21M active addresses, including 8335 new addresses. The heat of the Base ecosystem has continued to rise.

Clanker

Clanker is a social meme issuance platform that simplifies the operation process. Users only need to initiate a simple request on Farcaster to easily complete the deployment and distribution of tokens, greatly reducing the technical threshold and allowing anyone to participate in the creation and dissemination of meme tokens. Clanker has already created several meme tokens with a market capitalization of over tens of millions of dollars, and the token $Clanker is the first meme coin issued by this platform.

Around 14:30 today, according to the Binance Alpha page, the first 5 projects will be announced at 18:00 Beijing time on December 18th, and a notification will be sent 10 minutes before the launch, including 3 BNB Chain ecosystem projects, 1 Solana ecosystem project, and 1 Base ecosystem project. As a top project on the Base chain, Clanker has become a hot favorite among netizens, and its market capitalization has been rising sharply under this influence.

Peak Market Capitalization: 143.62M

Current Market Capitalization: 64.66M

24h Trading Volume: 2.5M

Highest Profit at 12AM (GMT+8) Today: 36.17%; Current Profit 34.43%

AIXBT

AIXBT is one of the intelligent agents created by Virtuals based on the Base platform. It monitors Crypto Twitter and market trends using smart analysis tools to provide users with valuable market insights. Its upward logic is consistent with CLANKER, both of which are affected by the expectation of being selected into the Binance Alpha, and AIXBT was eventually selected in the first batch.

Highest market cap: 3.7B

Current market cap: 272.4M

24h trading volume: 11.6M

Highest profit at 12AM (GMT+8) today: 30.76%; Current profit 17.52%

Hyperliquid Ecosystem

In the past 24 hours, the total trading volume of Hyperliquid was 567.67M, maintaining a relatively high heat. Among the mainstream tokens in the Hyperliquid ecosystem, HYPE, HFUN and PURR have all experienced a certain degree of pullback, but their trading volumes remain at a relatively high level.

HYPE

Highest market cap: 9.67B

Current market cap: 8.47B

24h trading volume: 412.9M

Highest profit at 12AM (GMT+8) today: 0.1%; Current profit -2.31%

PURR

Highest market cap: 413.03M

Current market cap: 294.15M

24h trading volume: 47.7M

Highest profit at 12AM (GMT+8) today: 2.99%; Current profit 0.82%

HFUN

Highest market cap: 299.15M

Current market cap: 230.31M

24h trading volume: 22.6M

Highest profit at 12AM (GMT+8) today: 5.62%; Current profit 1.91%

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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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