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Understanding the Implications of Decreasing Exchange Supply and Increased Accumulation for the Future of Ethereum

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XRP struggles as selling pressure rises and network activity declines. Traders watch key levels to determine if further downside is ahead.


Pi Network’s PI IOU price is at a pivotal moment as its Open Network launch nears. With weakening momentum, traders watch for a breakout or breakdown.

Solana struggles despite hype around LIBRA, while Pepe and Chainlink show stability. Can these altcoins maintain momentum or will they face further declines?


- 08:38PENGU surpasses BONK in market capitalization, becoming the largest Solana ecosystem meme coin by market valueOdaily Planet Daily reported, according to CoinGecko data, PENGU has surged over 19.5% in the past 24 hours, reaching a market capitalization of $2.785 billion, surpassing BONK ($2.701 billion) to become the largest meme coin by market cap in the Solana ecosystem.
- 08:33On the Eve of the Pump.fun Airdrop, Approximately 2 Billion PUMP Tokens Suspected to Have Flowed Back from an Exchange to the Project Team’s AddressAccording to ChainCatcher, on-chain analyst AiYi (@ai_9684xtpa) has monitored that approximately 2 billion PUMP tokens have allegedly been transferred from a certain exchange's hot wallet back to an address associated with the project team. After being deposited into the exchange a week ago, these tokens were moved to an address starting with 9SnqX, and about half an hour ago, they were transferred back in batches from that address.The analyst noted that tomorrow is the scheduled date for the airdrop distribution.
- 08:33PENGU Surpasses BONK to Become the Highest Market Cap Meme Coin on SolanaAccording to ChainCatcher, the latest data from CoinGecko shows that Pudgy Penguins (PENGU) has surpassed Bonk (BONK), ranking 54th in cryptocurrency market capitalization and becoming the highest-valued memecoin in the Solana ecosystem.