Chainfeeds Summary:
Despite the terrible market conditions, someone is always printing money, and I'm the only one who's making money...
Article source:
https://www.odaily.news/zh-CN/post/5208247
Article Author:
Odaily
Opinion:
Odaily: From the end of last year to January of this year, AI Agent tokens once dominated the crypto market, with tokens like ai16z (ELIZAOS) and swarms frequently ranking among the top gainers. PIPPIN was also a product of the same batch of AI concept tokens at that time. However, nearly a year later, only PIPPIN remains, possibly chosen by speculative investors due to its ease of manipulation. It has seen a surge in price over the past two weeks. On November 23rd, its price was only around $0.05, but just one week later, it had skyrocketed to over $0.17. On December 1st, PIPPIN bucked the trend, rising over 60% to nearly $0.18. At that time, analyst @frontrunnersx warned that PIPPIN exhibited concentrated accumulation characteristics, with some addresses continuously accumulating without significant selling activity, causing the price to repeatedly hit short positions and trigger a chain reaction of liquidations. One address bought approximately $200,000 worth of PIPPIN six days ago, sold it after the price doubled, and is currently taking similar action with ARC. As of this writing, PIPPIN is trading at $0.44, a 24-hour increase of over 15%, and its performance continues. As a cross-chain DeFi protocol providing lending, staking, and trading services, primarily operating on the Algorand chain, Folks Finance initially didn't attract much attention. However, with the launch of the official S2 incentive program, market enthusiasm for its token has reignited. It's worth noting that Folks Finance distributed 1.5 million FOLKS tokens during the S1 incentive program, including Chainlink incentives; on November 6th, FOLKS officially launched on Binance Alpha, with an all-time low price of around $2. On December 9th, following the official announcement from Folks Finance, the price of the FOLKS token surged from less than $10. On December 14th, after nearly a week of speculation, the FOLKS token price broke through $40 for the first time, eventually rising to nearly $47, a nearly 24-fold increase from its low. Subsequently, the FOLKS price quickly fell back, dropping by approximately 80%. As of this writing, the FOLKS price is temporarily at $6.4, a 24-hour drop of over 24%, with a circulating supply of 12.7 million tokens (representing 25.4% of the total supply) and a market capitalization of approximately $81 million. As yet another Altcoin choosing to establish itself within the BNB Chain ecosystem, similar to previous speculative coins like MYX and COAI, BEAT's rise is another classic example. It's worth noting that the official account of the project behind the BEAT token promotes the concept as a Web3 AI entertainment platform + IP creation platform—a repackaged version of a popular concept. After listing on Binance Alpha and futures in early November, BEAT officially claimed that there were over 1.2 million independent on-chain holding addresses, proving that boldness can lead to significant gains. Similar to previous speculative coins, BEAT maintained a low initial market capitalization – after an initial surge following its Binance Alpha listing, its market capitalization remained around $25 million; subsequently, the price rapidly increased amidst a series of ups and downs. As of this writing, BEAT is trading at around $2.70, with a 24-hour increase of over 14%, a circulating market capitalization of $440 million, and approximately 126,000 on-chain holding addresses.
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