Bitget Research — U.S. PPI Data Causes Market Plunge, BOME Leads Wealth Effect in Solana Meme Sector
In the past 24 hours, many new popular tokens and topics have emerged in the market, which could potentially be the next wealth creation opportunity.
Overview
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Sectors with strong wealth creation effect: Solana memecoins and Aptos ecosystem sector.
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Top searched tokens and topics by users: Berachain and meme sector tokens like PENG, PEPE, DOGE, and SHIB.
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Potential airdrop opportunities: CharacterX and Owlto Finance.
1. Market Environment (Key Factors Influencing Trends)
2. Wealth Creation Sectors
1) Sector movements — Solana memecoins (BOME, PENG, and WIF)
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BOOK OF MEME (BOME), issued by Pepe memecoin artist Darkfarm, went viral across social platforms, with over $250 million in on-chain trading volume within 24 hours of launch.
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Binance announced the integration of its Web3 wallet with the Solana network. Despite the broader market downturn, SOL surged 11.07%, driving the entire sector's growth.
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The famous Solana ecosystem memecoin WIF's community raised $670,000 for advertising at the new landmark MSG Sphere (a giant spherical LED venue) in Las Vegas, USA. Influenced by this news, WIF saw a 30.6% increase in a single day.
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TVL and fund inflow in the Solana ecosystem: The TVL of the Solana ecosystem has surpassed $3.8 billion, increasing over 100% in the past month, ranking after ETH, TRON, and BSC. If capital continues to flow in, the overall ecosystem's token prices will rise further. Additionally, exchanges are speeding up the listing of Solana tokens, which indirectly affects the Solana ecosystem's TVL through secondary market funds flowing in from exchanges.
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Future price increases of BOME and exchange listings: Currently, exchanges such as OKX and Binance have not yet listed it, and for Solana ecosystem memecoins, the potential has been unlocked by WIF reaching $3 billion in market cap. If big influencers continue to promote and exchanges like Binance keep listing new memecoins, the popularity of the memecoin sector is expected to persist.
2) Sector movements — Aptos ecosystem (APT, DOODOO, and THL)
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On-chain data increase: Since the start of 2024, Aptos' on-chain TVL has tripled, daily interactions increased by 65%, and active user numbers by 93%.
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Promotions driving token demand: DOODOO is about to start an NFT Mint promotion, allowing users with more than 69 DOODOO tokens to mint NFTs for free, prompting investors to buy and driving up its price.
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Project valuation correction: Thala, the DeFi project ranking first in TVL on Aptos (accounting for 51%), includes the stablecoin MOD and AMM Swap (a clone of Balancer and Curve with a launch platform). Its market value has been undervalued at just $19 million. As TVL and trading volume on Aptos increase, Thala's price has also benefited.
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Aptos' support for its ecosystem: The chain foundation plays a crucial role in ecosystem development through investments and token incentives. If Aptos continues to invest in ecosystem projects or incentivize users with APT tokens, there will be a continuous influx of capital into the Aptos ecosystem.
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News impact on the Aptos ecosystem: News events can have a short-term positive impact on token prices. Jambo's announcement of a "cooperative sale" of the Jamble phone with the Aptos Foundation, priced at $99, exemplifies this. The Solana Saga phone's airdrop value has far exceeded its price, becoming a recognized "gold mine." The second generation of Solana Mobile sold over 60,000 units in three weeks based solely on the hype and a simple image with a few letters, without even a formal presentation. Such news positively impacted APT's price. Future airdrops by Aptos ecosystem projects to Jamble phone users and the subsequent wealth effect will benefit the Aptos ecosystem.
3) Sectors to focus on next — AI sector (NEAR, MAP, and PAR)
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Leadership in AI shifts, with capital chasing new frontrunners: The AI concept leader has shifted from TAO to NEAR. Apart from the buzz from Nvidia's GTC24 conference, NEAR's project development maturity, numerous partners, and strong support from investment institutions have led to a concentration of funds driving up NEAR's price.
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Major content update: The sci-fi-themed NFT card game Parallel is launching a new artificial intelligence game, Colony, on Solana. In the game, AI agents will be able to trade autonomously on the blockchain, marking a significant update for Parallel's product and directly benefiting its token's future performance.
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Sector expansion with projects incorporating AI concepts: MAP Protocol announced its participation in Nvidia's Developer Program, aiming to accelerate the adoption of AI technology to drive the development of Bitcoin interoperability technologies.
3. User Trending Searches
1) Popular DApps
2) Twitter
3) Google Search (Global and Regional)
4. Potential Airdrop Opportunities
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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