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VIPBitget VIP Weekly Research InsightsIt's been nearly two months since the trend of celebrities and politicians launching memecoins began. During this period, liquidity in the Solana ecosystem almost dried up. Pump.fun, which once saw over 2000 successful launches landing on DEXs daily, hit a low of just slightly over 50 new projects per day, marking a drop of nearly 97%. During the two months, Pump.fun also rolled out its own DEX, Pump Swap, while major centralized exchanges (CEXs) accelerated their transition and put toward products combining spot and on-chain transactions. These offerings help bridge the liquidity gap between CEXs and on-chain trading, in order to capture opportunities in early-stage tokens' hype and drive a faster recovery in Solana's on-chain liquidity.
- 07:32pump.fun's market share rises to 87.3% in the past 24 hours, further widening the gap with Letsbonk and BagsAccording to Jinse Finance, data from Jupiter shows that in the past 24 hours, pump.fun's market share among Solana token issuance platforms has risen to 87.3%, further widening the gap with Letsbonk and Bags. Letsbonk and Bags, ranked second and third, hold market shares of 3.4% and 2.62% respectively.
- 07:07A Major Whale or Institution Accumulates 277.5 WBTC and 2,493 ETH in the Past 24 HoursAccording to Jinse Finance, Ember monitoring reports that this whale/institution has continued to accumulate 277.5 WBTC ($32.06 million) and 2,493 ETH ($10.65 million) over the past day. The entity now holds a total of $180 million worth of BTC and ETH: 1,196.2 WBTC ($141 million) at a price of $118,057, and 8,711 ETH ($38.7 million) at a price of $4,442.
- 07:03Matrixport: Whether Ethereum Can Sustain Its Rally Depends on Treasury Demand and Its Ability to Hold the $4,180 SupportAccording to Jinse Finance, Matrixport released a chart today stating, "The inflow of funds into Ethereum ETFs is mainly driven by the establishment and expansion of 'treasury-type companies.' Whether the market can continue its upward trend in the future largely depends on the sustained investment from these institutions, especially given the persistently low on-chain activity. Although stablecoin issuance is more concentrated on Ethereum and the market generally holds an optimistic outlook for future growth, this advantage mainly reflects Ethereum's long-term potential, with limited short-term contribution to revenue. From a technical perspective, if Ethereum fails to hold the $4,180 level, there remains a risk of further correction."