Below is a daily market recap of the crypto market over the past 24 hours, focusing on price movements and market sentiment, and hot news. Let’s check it out.
Price Movements and Market Sentiment
- Prices: The meme coin market cap is ~$48.1B, down 2.1%. Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are stable, and $DARK ($43M market cap, $14.4M volume) shows strong activity.
- Sentiment: Investors remain cautious amid Trump-Fed interest rate disputes and the Base token collapse, which sparked fears of insider trading and bot manipulation.
- FOMO drives interest in new tokens like $DARK, but volatility and scams (e.g., Base’s crash) heighten risk concerns.
Daily Market Recap – Trending News
Base’s Content Coin Crash
- Layer-2 Base launched a trial “content coin” on Zora, with “Base is for Everyone” surging to $17M in market cap before crashing 92% within 2 hours.
LayerZero’s $55M Funding
- LayerZero raised $55M through a $ZRO token sale to a16z, with a 3-year lockup, marking a16z’s first follow-on investment in the project. This reflects long-term confidence in LayerZero’s cross-chain interoperability protocol.
Notable Meme Coins
- $DARK: Launched 05/04 via Pump.fun, $DARK soared 5,700% initially and hit $43M market cap after Binance Alpha listing, with $14.4M volume. Its link to developer Edgar Pavlovsky boosts credibility.
What do you think about the crypto market today?
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