Market dynamics on September 2: BTC plummeted, altcoins fell across the board, market sentiment dropped to freezing point
Market Update
1. BTC saw a significant drop, with altcoins also declining across the board. On-chain "meme coin" trading volume has returned to early-year levels, and market sentiment has hit a low point.
2. U.S. stocks rebounded, suggesting a soft economic landing.
Market Highlights
1. TRON's SUN token surged as SUNPUMP announced a new feature, SUNBOOST. TRON's founder, Justin Sun, mimicked SBF's strategy by calling to buy SUN at $0.03. Over the past month, TRX has been the best-performing L1.
2. SELF, a small-cap coin, plummeted, with a significant increase in supply following a token swap.
3. TAIKO, an L2 solution and ZK Rollup, also saw a sharp decline. This week, TAIKO will unlock 20% of its circulating supply.
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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