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VIPBitget VIP Weekly Research InsightsAs markets begin pricing in expectations of rate cuts, on-chain trading volume continues to grow. Pump.fun is preparing to launch its token, while Letsbonk.fun is gaining momentum. For the first time last week, its number of daily token launches and "graduated" projects surpassed Pump.fun, ending Pump.fun's dominance in the memecoin launchpad space since early 2024. The wealth effect generated by Letsbonk.fun's ecosystem has also been significant. Meanwhile, the growing maturity of hybrid "spot + on-chain" products on major centralized exchanges (CEXs) is helping build strong momentum for on-chain market activity. Since the memecoin craze driven by celebrities and political figures earlier this year, market liquidity has gradually recovered from near-dry conditions. The upcoming token launch on Pump.fun may spark renewed ecosystem-level competition among launchpad platforms, generating sustained speculative momentum that continues to benefit the broader Solana ecosystem.
- 12:27Musk Announces Official Open Sourcing of Grok-2, Grok-3 to Be Open Sourced in Approximately Six MonthsAccording to Jinse Finance, Tesla CEO Elon Musk announced on X that xAI’s best model from last year, Grok-2.5 (actually Grok-2), has been officially open-sourced. Additionally, Grok-3 will also be open-sourced in about six months. Musk also shared his view that xAI will soon surpass every company except Google, and will eventually surpass Google as well. “However, Chinese companies will be the strongest competitors, as they have much more electricity than the United States and possess exceptional capabilities in hardware development.”
- 11:31Data: A whale sells 123,500 LINK at $25.36 each, receiving 3.13 million USDCAccording to ChainCatcher, Onchain Lens monitoring shows that a certain whale sold 123,500 LINK at a price of $25.36, receiving 3.13 million USDC, and subsequently sent the USDC via Trust Wallet to Compound and Aave to earn yield.
- 11:07Data: A whale deposits 15.47 million USDC into Hyperliquid to open long positions in BTC and BNBAccording to ChainCatcher, Onchain Lens monitoring shows that a certain whale has deposited 15.47 million USDC into Hyperliquid over the past 48 hours to open 20x leveraged long positions on BTC and 10x leveraged long positions on BNB.