Selected News
PancakeSwap Protocol Fees Exceed Circle in the Last 24 Hours, Ranking Second
Coinbase CEO: U.S. Debt Crisis May Propel Bitcoin to Become World Reserve Currency
Cetus: Liquidity Aggregator is Back Online, Full Restart Coming Soon
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
PUMP
Today's main discussion around PUMP centers on PumpFun's announcement of a $1 billion token sale at a $4 billion valuation, which has sparked widespread controversy and concern within the crypto community. Many tweets express skepticism about the valuation and question its impact on the Solana ecosystem. Some users criticize PumpFun for extracting large fees, potentially harming the market. There are also discussions focusing on the broad implications of a single product chain and the shift from general chains to vertical chains. The emotions surrounding this event are mixed, with some viewing it as a sign of market maturity, while others see it as a negative development for Memecoin and Solana.
ME
Today's discussion around Magic Eden (abbreviated as ME) mainly focuses on its controversial collaboration with the $TRUMP Memecoin team to develop the official Trump Wallet. Although Magic Eden officially announced the news, Eric and Donald Trump Jr. have publicly denied involvement in the project, leading to confusion and speculation about the project's legitimacy. This incident has sparked extensive discussion on Twitter, with users questioning the authenticity of the collaboration and its potential impact on Magic Eden. The controversy has significantly increased the volume of discussions about ME on social media.
TRUMP
Today's main discussion about TRUMP centers on the announcement of its collaboration with Magic Eden to develop the official TRUMP Wallet. Since the Trump family (including Donald Trump Jr. and Eric Trump) has denied any association with the project, the news has caused confusion and controversy, raising questions about the wallet's legitimacy and its connection to the Trump brand. The wallet promises to offer $1 million in TRUMP rewards to users who join the waitlist, further igniting interest and discussion within the crypto community.
BASE
BASE has gained significant attention for integrating multiple projects and platforms, including the launch of the privacy-protecting ERC-20 point system Fluidkey Score and AvantisFi's record for the highest daily active addresses. The ecosystem is continuously expanding with new features such as cross-chain exchanges and social finance models, while BASE's collaboration with other networks like Ethereum and Solana is also under scrutiny. Additionally, BASE's role in the growth of decentralized finance and AI projects is widely discussed, with potential to become a significant player in the crypto space.
WLFI
WLFI has garnered widespread attention today due to a series of statements and clarifications related to the Trump family and World Liberty Financial. Donald Trump Jr. clarified that the Trump organization is not involved in the newly launched Trump Wallet and stated that the official wallet will be released soon through World Liberty Financial. Furthermore, WLFI is active in liquidity activities and collaborations on the BNB Chain and has airdropped 47 USD1 tokens to wallets participating in the WLFI sale, symbolizing Donald Trump's status as the 47th president. These developments have sparked extensive discussion and interaction regarding WLFI.
Featured Articles
Early this morning, MagicEden announced a collaboration with $Trump to launch the Trump Wallet. Following the announcement, the market cap of MagicEden's token $ME surged nearly 30% from $850 million to $1.1 billion within two hours. However, Eric Trump, Donald Trump Jr., and Barron Trump, who had not previously tweeted on X, all publicly denied any connection to the announcement.
Although tens of thousands of tokens continue to flood the Solana chain daily, it has been a long time since the last "everyone chases dogs," and the market has entered a state of high frequency but low power. Against this backdrop, the hot infrastructure Pump.fun is reported to be raising $1 billion at a $4 billion FDV to officially issue its platform token $PUMP. The market has reacted variably; on one hand, Pump.fun has demonstrated strong user engagement and revenue capabilities on the Solana chain over the past year, achieving daily revenues exceeding $10 million at its peak, supporting its high valuation logic. On the other hand, many voices question the sustainability of its profitability, whether the platform token has a reasonable value capture mechanism, and its negative impact on Solana's liquidity.
On-chain Data
On-chain capital flow situation on June 4
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