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Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch

Beginner

2023-03-24 | 5m

In the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight.

In Summary:

1.Popular Tokens:

IC (Token) - A memecoin featuring fox images, with an on-chain liquidity of $570,000, 24-hour trading volume of $4.61 million, and a market cap of $4 million. The project has a high level of activity and the token price saw an 8x increase since the TGE on the 22nd.

HOBBES (Token) - Positioned as the token for Yorkshire Terrier that Elon has been raising for 15 years. On March 19th, Elon tweeted about the dog's name and other related information, and his mother also replied to the tweet expressing her love for Hobbes. Currently, the token has a 24-hour trading volume of $1.79 million, on-chain liquidity of $200,000, and a market cap of $2.56 million. After a brief pullback, the price has risen by over 100% in the last 24 hours.

AGIX (Token) - SingularityNET is a leading AI project. Its token AGIX has high trading activity and has been continuously boosted by the release and iterative upgrades of products such as GPT-4 and its eco-AI concept project IDO.

GALA (token) - The Game Developers Conference is being held in San Francisco recently, lasting from March 20th to 24th, and GALA is one of the sponsors. The token has good trading activity in the secondary market.

Space ID (token) - Space ID opened for trading and launched an airdrop yesterday, with a huge number of addresses claiming the airdrop. The token is already listed on top exchanges such as Bitget, Binance, and Kucoin, and has high trading activity, with a 24-hour trading volume of $690 million.

Square (SQUA) - A payment token on the BSC that has seen a good price increase recently. It has an on-chain liquidity of $7.18 million and a 24-hour trading volume of $6.92 million.

AOS (Token) - A new project from the SOS team, AOS is a decentralized finance project based on OpenAI. The token was airdropped to holders of the SOS token, and it has received support from exchanges such as OKEx. The on- chain trading activity is quite high. However, investors should be aware of the risk as the SOS token price experienced hype in the early stages but had a poor performance later on.

SUIBG (Token), SUI Futures Token - BitKeep and Bitget jointly launched an airdrop of a futures token called SUIBG ( SUIUSDT"> SUI Futures Token), which will serve as a credential for the native token SUI after Sui Network mainnet is launched in the future. Users can participate in red packet airdrops, trading rewards, and other activities in their BitKeep wallet or receive SUIBG in the SUIBG Carnival event on the Bitget trading platform. SUI also offers early users the opportunity to purchase SUI tokens at a low price, and the participation on-chain is high.

Gridex (GDX) - This is an order book-based DEX on Arbitrum. After the token was distributed through an airdrop, the secondary marke t price saw a 10x increase. The on-chain liquidity is $200,000 and the 24-hour trading volume is $68,000. Although the trading volume is relatively low, the frequency of trades is high.

RDNT (Token) - The project is a lending platform based on Stargate that recently launched its V2 version, which has optimized its products, enriched its lending assets, and updated its economic models. The project's total market value has reached $380 million, and after multiple positive developments in the near term, its price has recently experienced some corrections. The 24-hour trading volume is $24.63 million.

2.Popular NFTs:

Zora1155 (NFT) - Zora has launched a free minting event for their Blue Sky 1155 NFT collection. There are only two days left for minting, and as of now, there have been 22,000 mints across four versions, indicating high participation. This event also serves as a showcase of Zora's proprietary NFT technology.

The Locals (NFT) - The PFPs type of NFT recently launched its second phase of NFT sales activity in the form of Freemint. However, the increase in supply led to a significant drop in NFT prices. Nevertheless, the trading activity in the secondary market remains high, and many NFT KOLs on Twitter are promoting the project.

3.Popular DApps:

Zksync, Starknet (DApps) - The number of users and funds interacting with the Zksync and Starknet chain deposits has increased due to the influence of the Arbitrum airdrop effect. Zksync currently has 30,000 ETH deposits, while Starknet has 6,880 ETH deposits. Currently, funds looking for airdrop opportunities and seeking wealth effect have migrated to Zksync and Starknet. It is essential to stay updated on this project.

ChangeNOW (DApp) - This is a non-custodial cryptocurrency and fiat exchange where users can trade over 200 tokens with no registration or trading limits. The project integrates DeFi and CeFi, with an average exchange time of 5 minutes, and has a very active on-chain trading volume.

Link3 (DApp) - Link3 is a Web3 social task network incubated by CyberConnect, where users can create their own decentralized social network by completing their on-chain and off-chain information. The project was led by investments from Binance and RedCode Capital. As Space ID was listed on Binance IEO and distributed an airdrop, the market has similar expectations for this project and user activity continues to remain high.

Lens Protocol (DApp) - Lens is a top-tier on-chain social platform. With the recent wealth effect generated by the Arbitrum and SpaceID airdrops, users are increasingly motivated to engage with the Lens ecosystem. There are currently numerous projects within the ecosystem, including Phaver, Lenster, and Orb, that offer a good user experience. It is essential to stay updated on these projects.

ARB Bulk Registrar (DApp) - The .arb domain name registration contract was co-created by Space ID and Arbitrum. Currently, there have been 18,045 registrations in the past 24 hours, with a total of 168,238 holders. There is a high level of hype around the domain name sector.

Galxe (DApp) - Galxe is an on-chain task platform and a top-tier DID application. With the issuance of Space ID, the focus of the cryptocurrency community has shifted to the DID track. Additionally, the recent Arbitrum token releases have led users to have high expectations for airdrops from various projects (many projects will use "participation in Galxe's activities and holding OAT tokens" as one of the criteria for airdrops). As a result, Galxe's daily activity has continued to rise. On March 22nd, the project announced its launch on Avalanche, and future multi-chain deployment will continue to increase Galxe's project reserves, making it a key bridge connecting users and projects. On March 23, Galxe hinted at the release of an important feature on Twitter.

Stargate (DApp) - Stargate, developed by the LayerZero Labs team, is a fully composable liquidity transfer protocol that serves as the core of Omnichain DeFi. With Stargate, users and Dapps can transfer native assets across 7 chains (with more to come in the future). Recently, due to the impact of the Arbitrum airdrop, a large number of users are interested in obtaining the Layerzero airdrop to participate in the use of Stargate.

Hop (DApp) - Hop is a multi cross-chain bridge. Recently, due to the impact of the Arbitrum airdrop, a portion of the tokens will be distributed to the projects on the Arbitrum ecosystem, with HOP accounting for 5%. Stimulated by this news, a large number of users have started paying attention to and using Hop. In the future, Hop will also support cross-chain transactions with projects such as zkSync and Scroll.

Venus Protocol (DApp) - Venus Protocol is currently the leading decentralized currency market protocol on the BNB Chain, with a current TVL of $1.34 billion and ranked second on BSC. Influenced by the SpaceID launch, a large number of users borrowed BNB to participate in the new product, increasing the popularity of the product.

4.Twitter Hot Topics:

APE (Token) - The token of the BAYC ecosystem is now available in Savings products on Bitget, offering an annual yield of 45%. As a leading NFT and gaming project, the token price is well-supported, and staking can provide a higher passive income.

NOM (Token) - Onomy Protocol's token has been listed on Kucoin, Bitfinex, and Bitget exchanges. The project adopted a bidding curve for public sale, and the current sale price is $1.44, with the secondary market trading price at $1.08. The project's fundamentals are solid, mainly focusing on providing exchange rate transactions for on-chain DEX. It's worth keeping an eye on.

TRX (Token) - TRX is the native token of the Tron blockchain, founded by Justin Sun. Following the SEC's announcement of a lawsuit against Justin Sun for violating securities regulations, the token price experienced a significant drop of over 10%, marking a substantial negative event.

Airdrop Token (Event) - The distribution of the native tokens for the Arbitrum airdrop is less than 8 hours away. Yesterday, there was a front-end bug on the Arbitrum website, which displayed that users' airdrop data was temporarily reset, causing discussion in the community. The data was shortly fixed and the token airdrop event will proceed as usual. Bitget will open deposit, withdrawal, and spot trading for ARB as soon as possible, so it is worth keeping an eye on.

5.Regional Trending Searches:

FOMC Meeting (News) - The Federal Reserve announced a 25 basis point increase in the benchmark interest rate to a range of 4.75%-5.00%, and most Fed officials expect the rate to be between 5% and 5.5% by the end of 2023, indicating that this round of rate hikes may be nearing its end. Powell said that the Fed is continuing to significantly reduce its balance sheet, but events in the banking industry could affect its decision-making.

Main Body

Written by: Bitget Research

Data collection time: March 23, 10:30

Data sources: Dune, DApps, Twitter, Google

Note:

1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain.

2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours.

3) DApp daily activity (UAW: unique active wallets)

4) TGE (Token Generation Event)

1. Blockchain Profile - ETH Chain

1.1 User Profile

1.1.1 Core Data

Total active users of ETH: 456,448
New active users of ETH: 85,071, with a daily decrease of 0.17%
Existing active users of ETH: 371,377, with a daily decrease of 0.06%

1.1.2 New User Profile

Core data: There were a total of 85,071 new active users on ETH yesterday, with a daily decrease of 0.17%
Popular Sectors

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 0

Popular Projects

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 1

Key Projects:

1.1.3 Existing User Profile

Core data: The number of ETH active existing users is 371,377, with a daily decrease of 0.06%
Popular Sectors

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 2

Popular Projects

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 3

Key Projects:

1.2 Popular Trading Pairs

1.2.1 Uniswap V2

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 4

1.2.2 Uniswap V3

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 5

2.Blockchain Profile - BSC Chain

2.1 User Profile

2.1.1 Core Data

Total active users on BSC: 1,597,977
New active users on BSC: 208,150, with a daily increase of 22.97%
Existing active users on BSC: 1,389,827, with a daily increase of 27.06%

2.1.2 New User Profile

Core data: There were a total of 208,150 new active users on BSC yesterday, with a daily increase of 22.97%
Popular Sectors

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 6

Popular Projects

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 7

Key Projects:

Square (SQUA) - A payment token on the BSC that has seen a good price increase recently. It has an on-chain liquidity of $7.18 million and a 24-hour trading volume of $6.92 million. https://www.dextools.io/app/en/bnb/pair-explorer/0xc70734ef92893cf7ae131b13874f8c531584fc4e

2.1.3 Existing User Profile

Core data: The number of BSC active existing users is 1,389,827, with a daily increase of 27.06%
Popular Sectors

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 8

Popular Projects

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 9

Key Projects:

2.2 Popular Trading Pairs

2.2.1 PancakeSwap V2

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 10

Space ID (token) - Space ID opened for trading and launched an airdrop yesterday, with a huge number of addresses claiming the airdrop as described earlier. Trading activity is high with a 24-hour trading volume of $690 million.

AOS (Token) - A new project from the SOS team, AOS is a decentralized finance project based on OpenAI. The token was airdropped to holders of the SOS token, and it has received support from exchanges such as OKEx. The on-chain trading activity is quite high. However, investors should be aware of the risk as the SOS token price experienced hype in the early stages but had a poor performance later on. https://www.dextools.io/app/en/bnb/pair-explorer/0x230e82ab51515cf58e48fea930f2435dd8949480

3.Blockchain Profile - Polygon Chain

3.1 User Profile

3.1.1 Core Data

Total active users on Polygon: 418,891
New active users on Polygon: 79,867, with a daily decrease of 7.79%
Existing active users on Polygon: 339,024, with a daily increase of 3.42%

3.1.2 New User Profile

Core data: There were a total of 79,867 new active users on Polygon yesterday, with a daily decrease of 7.79%
Popular Sectors

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 11

Popular Projects

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 12

Key Projects:

SUIBG (Token), SUI Futures Token - BitKeep and Bitget jointly launched an airdrop of a futures token called SUIBG (SUI Futures Token), which will serve as a credential for the native token SUI after Sui Network mainnet is launched in the future. Users can participate in red packet airdrops, trading rewards, and other activities in their BitKeep wallet or receive SUIBG in the SUIBG Carnival event on the Bitget trading platform. SUI also offers early users the opportunity to purchase SUI tokens at a low price, and the participation on-chain is high.

SFC2 (Token) - There are no relevant liquidity pools on-chain, and the contract does not specify information about the issuer. However, there have been several interactions with approvals in the contract. It is essential to keep observing this token.

3.1.3 Existing User Profile

Core Data: The number of Polygon active existing users is 339,024, with a daily increase of 3.42%
Popular Sectors

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 13

Popular Projects

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 14

Key Projects:

3.2 Popular Trading Pairs

3.2.1 Uniswap V3

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 15

On Polygon, the popular trading pairs are mainly major coins such as MATIC, BTC, ETH, and stablecoins, while trading volumes for pairs beyond the top 10 are relatively smaller.

4.Blockchain Profile - Arbitrum Chain

4.1 User Profile

4.1.1 Core Data

Arbitrum Active Users: 234,593
Arbitrum New Active Users: 56,883, with a daily decrease of 53.24%
Arbitrum Existing Active Users: 177,710, with a daily increase of 21.00%

4.1.2 New User Profile

Core data: There were a total of 56,883 new active users on Arbitrum yesterday, with a daily decrease of 53.24%
Popular Sectors

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 16

Popular Projects

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 17

Key Projects:

Gridex (GDX) - This is an order book-based DEX on Arbitrum. After the token was distributed through an airdrop, the secondary market price saw a 10x increase. The on-chain liquidity is $200,000 and the 24-hour trading volume is $68,000. Although the trading volume is relatively low, the frequency of trades is high. https://www.dextools.io/app/en/arbitrum/pair-explorer/0xa6e376c6c2b5739085671a8937eb233ea7f598ce

4.1.3 Existing User Profile

Core data: The number of Arbitrum active existing users is 177,710, with a daily increase of 21.00%
Popular Sectors

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 18

Popular Projects

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 19

Key Projects:

Maker Order Manager (DApp) - This is a contract for the pending order feature on Gridex, which is a decentralized order book DEX on Arbitrum. Due to the token incentives provided for trading, the popularity and trading volume of the platform is currently high.

4.2 Popular Trading Pairs

4.2.1 Uniswap V3

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 20

ARBK (Token) - Arbitrum Futures BitKeep, ARBK is the credential of the official Arbitrum token issued by BitKeep. By holding ARBK and completing corresponding tasks, users can qualify for a 100% exchange of the official Arbitrum token in the future. The official Arbitrum token will be listed on major exchanges, and ARBK continues to gain popularity.

5.DApp Ecosystem - All Chains

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 21

AtomicHub (DApp) - An NFT asset standard built on EOS and WAX, AtomicHub is the NFT marketplace in the ecosystem. On March 2, it completed the presale of Ultraman NFTs. UWA has been consistently ranked among the top five on WAX.

6.DApp Ecosystem - ETH Chain

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 22

Bungee (DApp) - A cross-chain aggregator with high expectations for airdrops and overall operational popularity. The project launched a new beta version of the product on February 21, and has 62,600 followers on Twitter, with 100+ KOLs following. Similarweb reports 188,000 monthly visits, with the main visiting countries including Russia, the United States, Germany, Japan, and France. Due to the impact of the recent Arbitrum airdrop, its popularity has increased.

Li.Fi (DApp) - A cross-chain bridge and DEX aggregator, LiFi automatically selects the best trading route, using the most liquid and cheapest fees to allocate assets at the lowest cost. The project raised $5.5 million in funding in July 2022, with 1kx leading the round and other investors, including Dragonfly Capital and Lattice Capital. The project has not yet launched its own token. Due to the impact of the recent Arbitrum airdrop, its popularity has increased.

7.DApp Ecosystem - BSC Chain

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 23

Yuliverse (DApp) - Yuliverse is a role-playing game that has recently launched its public beta version. The game has been downloaded more than 1000 times from the Google Play Store. According to Similarweb, it has a monthly visit of 21,000, with 64.22% of users coming from Japan, indicating a good level of activity in recent times.

8.DApp Ecosystem - Polygon Chain

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 24

Uniswap V3 (DApp) - On March 22 at 18:00 (UTC), the Federal Reserve announced a 25 basis point rate hike decision, which caused major fluctuations in the cryptocurrency market. As a result, the activity level of DEX and aggregation platforms increased. Generally, major events can increase the activity level of DEXs.

Playbite (DApp) - This project is a mini-game platform where users can compete with friends and win prizes. Currently, it is available for download on Apple and Google stores with 10,000+ downloads on the latter. According to Similarweb, it has a monthly visit of 24,300, with main users coming from the United States, the Netherlands, New Zealand, etc.

9.DApp Ecosystem - WAX Chain

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 25

Crypture World (DApp) - A WAX-based NFT game with 6,827 Twitter followers. The last content update was on October 3, 2022, and Similarweb shows a monthly visit volume of less than 5,000.

10.DApp Ecosystem - Solana Chain

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 26

Saber (DApp) - Saber is the first decentralized exchange for stablecoin trading pairs and cross-chain assets on Solana. At Saber, users can deposit assets into liquidity pools and earn rewards from trading fees, token-based incentives, and automated DeFi strategies. Saber's governance token is SBR, and the token distribution is aimed at providing the majority of tokens to early adopters of the protocol. Currently, Saber has a TVL of $9.64 million in the Solana ecosystem and is ranked 17th.

11.DApp Ecosystem - Arbitrum Chain

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 27

Onyx DAO (DApp) - This is an experimental DeFi protocol on Arbitrum, which currently offers extremely high mining APY to attract users. Currently, it has around $500,000 locked in, and the token price is highly volatile, making it a high-risk investment.

12.DApp Ecosystem - GameFi Sector Across All Chains

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 28

From the perspective of the GameFi sector as a whole, there are no specific projects that require special attention at the moment.

13.Gas Fee Consumption - ETH Chain

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 29

Starknet, Zksync (Layer2) - The wealth effect of the Arbitrum airdrop is significant, which has led to increased user engagement with other Layer2 solutions that have not yet launched their tokens, especially for well-funded Layer2 solutions such as Starknet and Zksync. This increased activity has led to higher gas fees for transactions submitted to the main network.

14.Gas Fee Consumption - BSC Chain

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 30

Space ID (token) - Yesterday, the token claiming feature was opened on the Space ID platform, and the claiming contract has already interacted with 230,000 times. The number of claiming addresses is enormous. The token is already listed on top exchanges such as Bitget, Binance, and Kucoin, and has generated high trading activity. Bitget has also launched related deposit and trading activities. Users can head over to Bitget to trade and receive additional rewards.

0x85..77f - Contract information shows that many Swap functions can no longer be used properly, consuming a significant amount of on-chain gas. The specific contract content is not transparent, so please be cautious when interacting with it due to potential risks.

15.Gas Fee Consumption - Polygon Chain

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 31

0x2a3...985 and 0xfa1...2f7 (DApp) - They appear to be two aggregator contracts from the on-chain contract content, where users assist in token swap transactions. However, the specific ownership of the contracts is not clear.

Planet IX (DApp) - This project is one of the most popular games on Polygon and has consistently ranked at the top of the Polygon ecosystem leaderboard. Recently, it has continued to update its NFTs within the ecosystem and has a large user base. Related NFT assets are available on BitKeep to trade.

16.Gas Fee Consumption - Arbitrum Chain

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 32

Vela Exchange (DApp) - The project has been active in promotional activities recently, and yesterday it participated in an online conference on OK to discuss the Arbitrum ecosystem with members of Radiant and Beacon, generating significant community interest. The token is also available on Bitget's Launchpool, where users can earn additional yield rewards.

17.Twitter Trends Token Top 20

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 33

From the perspective of token popularity on Twitter trends:

Tokens with significant increases in popularity: EVMOS, GMX, APE

Newly listed tokens: SHIB (Currently in the testing phase, and has potential for hype upon mainnet launch.)

18.Token Mentioned Frequency by KOLs on Twitter

Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 34

Super KOLs mentioned the following hot tokens: BTC, ARB, USDC, GPT
Builders mentioned the following tokens: DBX, ARB, GDAI

GDAI (Token) - Tokens deposited into the GNS insurance pool serve as a foundational counterpart to all trading on the platform. LPs who deposit DAI into the insurance vault receive gDAI tokens representing their share in the insurance vault. The initial value ratio between DAI and gDAI is 1:1. If the platform's traders collectively experience losses, the balance of DAI in the insurance vault increases, causing gDAI to be worth more than 1 DAI. Currently, gDAI is steadily increasing in value, and the overall profit situation is good.

19.Token Mentioned Frequency by VCs on Twitter

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Based on the frequency of mentions by VC firms on Twitter: USDC, BTC, SIDUS, NOM, THOR, ALGO, EGLD, OAS

20.Google Trends - Global

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Bitget Research: FOMC Meeting Releases Hawkish Statements, Market Pulls Back and Awaits $ARB Launch image 37

ID (Token) - ID is a project on Binance Launchpad. Yesterday, the project's airdrop activity began, causing the token price to increase by around 10x compared to the Launchpad price, resulting in a certain wealth effect. Currently, the token is available on Bitget, which has launched a series of promotional activities. Users can head over to Bitget to trade $ID.

Justin Sun (KOL) - The New York Times reported that the SEC filed a lawsuit against Justin Sun on Wednesday, as well as eight other American celebrities who supported his venture capital fund, including Lindsay Lohan, Jake Paul, Lil Yachty, and Soulja Boy.

TRX (Token) - TRX is the native token of the Tron blockchain founded by Justin Sun. Following the SEC's announcement of a lawsuit against Justin Sun for violating securities regulations, the token price experienced a significant drop of over 10%, marking a substantial negative event.

Airdrop Token (Event) - The distribution of the native tokens for the Arbitrum airdrop is less than 8 hours away. Yesterday, there was a front-end bug on the Arbitrum website, which displayed that users' airdrop data was temporarily reset, causing discussion in the community. The data was shortly fixed and the token airdrop event will proceed as usual. Bitget will open up ARB deposits, withdrawals, and spot trading as soon as possible, so stay tuned.