May 14th Market Key Insights, How Much Did You Miss?

PUMP: Today's discussion about PUMP focused on its new creator revenue-sharing model: the platform will allocate 50% of PumpSwap revenue to token creators, sparking different user reactions. Some criticize the move as inadequate or even misleading, while others see it as a positive step forward in platform-to-creator feedback. Meanwhile, PUMP faces market pressure from emerging competitors like LetsBONKfun and Raydium, who are rapidly gaining market share. Users also expressed concerns about PUMP's sustainability and potential regulatory risks in the United States, with discussions extending to the platform's impact on the entire memecoin ecosystem.

COINBASE: Today, Coinbase became the first cryptocurrency company to join the S&P 500 Index, replacing Discover Financial Services, sparking widespread industry attention. The entire crypto community views this milestone as a significant development, marking the further integration of crypto assets into the mainstream financial system. The news triggered lively discussions on Twitter, with many users pointing out that this may attract more institutional investors into the Bitcoin and other cryptocurrency markets.

XRP: XRP became the focus of today's crypto discussion, with its notable market movement and strategic progress attracting attention. XRP has surpassed USDT to become the third-largest cryptocurrency by market capitalization, causing market excitement and heated discussions about its future potential. This surge in market capitalization and price is believed to be related to increased institutional interest, deepening strategic partnerships, and its role in the crypto ecosystem. Furthermore, XRP's integration into multiple financial systems and its potential as a macro asset class are also seen as key factors driving the current market sentiment.

DYDX: Today's discussions about DYDX mainly focused on the dYdX Yapper Leaderboard launched by KaitoAI. This leaderboard aims to identify the most active participants in the community, with a total of $150,000 in rewards to be distributed over the first three seasons. This program has sparked widespread community participation, with many users discussing its potential rewards and its incentivizing effect on the DYDX ecosystem. Meanwhile, progress on the ethDYDX migration to the dYdX native chain and past airdrop events have also been topics of discussion.

Featured Articles

1.《What Is "ICM"? The New Solana Narrative Holding Up Believe's $4 Billion Market Cap》

Overnight, the hottest narrative in the crypto space has become "Internet Capital Markets," with a slew of crypto projects and founders, led by Believe, the new Launchpad platform in the Solana ecosystem, releasing this phrase. Together with "Believe in something," it has become the new slogan ushering in the on-chain bull market. What exactly is the so-called "Internet Capital Markets," and will it become a short-lived hype slogan like the Base ecosystem's Content Coin before? What are the related targets to choose from?

2.《LaunchCoin Up 20x in One Day, How Did Believe Create a $200 Million Golden Dog After Returning to Zero? | 100x Retrospective》

LAUNCHCOIN has today surpassed a $2 billion market cap, with long-lost liquidity and such a high valuation "Memecoin" that almost half of the on-chain crypto community CT has joined in. The community is crazily discussing this token, with half being FOMO and the other half being FUD. This token, originally issued in the personal capacity of Believe founder Ben Pasternak, has transformed into a new platform coin after a rebranding. From almost zero to a $2 billion market cap, what happened in between?

On-chain Data

May 14 On-chain Fund Flow

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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