Key Market Intelligence on June 4th, how much did you miss out on?

Top News

1.Binance Wallet to Launch 21st TGE CUDIS

2.PancakeSwap Protocol Fees Exceed Circle, Ranking Second in the Past 24 Hours

3.Coinbase CEO: US Debt Crisis Could Drive Bitcoin to Become World Reserve Currency

4.Cetus: Liquidity Aggregator Back Online, Full Restart Imminent

5.Vitalik Transfers 693.91 ETH and 340,931 USDC to Railgun

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

PUMP

Today, the primary discussion around PUMP focused on PumpFun's announcement of a $10 billion token sale at a $40 billion valuation, sparking widespread controversy and concern in the crypto community. Many tweets expressed skepticism towards this valuation and questioned its impact on the Solana ecosystem. Some users criticized PumpFun for extracting significant fees that could potentially harm the market. Discussions also delved into the broad impact of a single-product chain and the shift from a general chain to a vertical chain. The emotions stirred by this event are quite complex, with some seeing it as a sign of market maturity and others viewing it as a negative development for Memecoins and Solana.

ME

Today, the discussion surrounding Magic Eden (referred to as ME) mainly revolved around its controversial collaboration with the $TRUMP Memecoin team to develop the official Trump Wallet. Despite an official announcement from Magic Eden, Eric and Donald Trump Jr. have publicly denied involvement in this project, leading to confusion and speculation about the project's legitimacy. This event sparked a significant amount of discussion on Twitter, with users questioning the authenticity of the collaboration and its potential impact on Magic Eden. This controversy significantly increased the social media buzz surrounding ME.

TRUMP

Today, the main discussion about TRUMP focused on the announcement of its collaboration with Magic Eden to develop the official TRUMP Wallet. As the Trump family (including Donald Trump Jr. and Eric Trump) denied any involvement with this project, the news sparked confusion and controversy, with questions raised about the wallet's legitimacy and its association with the Trump brand. The wallet promises a $1 million TRUMP reward for users who join the waitlist, further fueling interest and discussion in the crypto community.

BASE

BASE has gained significant attention for its integration of multiple projects and platforms, including the launch of the privacy-focused ERC-20 token system Fluidkey Score and AvantisFi's setting of a historic high daily active address record. The ecosystem is expanding through new features such as cross-chain exchanges and a social finance model, with BASE's collaboration with other networks like Ethereum and Solana also receiving notable interest. Additionally, BASE's role in the growth of decentralized finance and AI projects is widely discussed, with the potential to become a key player in the crypto space.

WLFI

WLFI garnered widespread attention today due to a series of statements and clarifications related to the Trump family and World Liberty Financial. Donald Trump Jr. clarified that the Trump organization was not involved in the newly launched Trump Wallet and stated that the official wallet would soon be released through World Liberty Financial. Furthermore, WLFI has been active in liquidity events and partnerships on the BNB Chain, airdropping 47 USD1 tokens to wallets participating in WLFI sales, symbolizing Donald Trump as the 47th president. These developments sparked extensive discussions and interactions about WLFI.

Featured Articles

1.《In Trump's Crypto Empire, What Are the "Strongholds"?》

Early this morning, MagicEden announced a collaboration with $Trump to launch the Trump Wallet. Upon the news, the MagicEden token $ME saw a nearly 30% surge in market cap from $850 million to $1.1 billion within two hours. However, Trump's sons EricTrump and DonaldJTrumpJr, along with Barron Trump, who had not previously tweeted, all posted denying any relation to the announcement.

2.《Pump.fun is Going to Launch Its Token, How Does the Community View It?》

Recently, although thousands of tokens are still being minted on the Solana blockchain every day, it has been a long time since the last "everyone chases dogs" frenzy. The market has entered a state of high frequency but impotence. Against this backdrop, the hot infrastructure project Pump.fun was revealed to be raising $10 billion at a $40 billion fully-diluted valuation, officially issuing its platform token $PUMP. The market's reaction to this has been mixed. On one hand, Pump.fun has shown strong user engagement and revenue-generating capabilities on the Solana blockchain over the past year, having achieved peak daily revenues of over tens of millions of dollars, supporting its high valuation logic. On the other hand, many question the sustainability of its profitability, whether the platform token has a reasonable value capture mechanism, and its potential negative impact on Solana's liquidity.

On-chain Data

On-chain Fund Flow on June 4