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Gate Square New & Returning Creator Rewards are ongoing!
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🚨MARKET ANALYSIS:
The market has crashed, with Trump family coins draining liquidity from #Altcoins. The SOL$SOL chain is extremely congested as a large number of new users enter the space.
U.S. stock markets are closed on Monday for a holiday.
🚨Market Highlights:
TRUMP$TRUMP plummeted but still managed to recover up to 40% increase. The team sold $450 million worth of tokens to exchanges, leading to a price disparity of up to 30% between on-chain and exchange prices. Other #Trump related coins, such as those issued by MELANIA$MELANIA Trump, have diverted funds, with Melania's token seeing faster and more frequent releases. Its market cap has reached $13 billion, surpassing TRUMP$TRUMP token. The valuation of $250 per TRUMP, equivalent to the world's richest person, seems unlikely based on common sense.
SOL$SOL hits new highs. The SOL/BTC exchange rate has risen. SOL is being compared to ETH$ETH during the 2017 ICO boom, now acting as a chip for on-chain memes. There is a high probability that a SOL ETF will be approved, and it’s even possible that #SOL and XRP$XRP could become part of the U.S. strategic reserves.
FARTCOIN$FARTCOIN rises, After some adjustments, it has shown the strongest performance. Its humor makes it easy to go viral among newcomers. The team demonstrates a strong vision.#AI Coins Rising: Which One to Watch?