Key Market Intelligence on December 5th, how much did you miss?

Featured News

1.Crypto Total Market Cap Surpasses $3.8 Trillion, Reaches All-Time High

2.HYPE Hits $13,773, Continues to Reach New All-Time High

3.Myrrha Labs Becomes Lumia Market Maker, LUMIA Surges 38.79% in 24 Hours

4.AP News: Crypto Industry Will Face More Lenient Regulation

5.Source: Key Hash Global CEO Eric Wen Has Officially Resigned

Trending Topics

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

ME: Today, the primary discussions around ME focused on the Magic Eden airdrop, with many tweets emphasizing the launch of the $ME eligibility checker. Users shared their allocation results and expressed gratitude and disappointment. The airdrop also sparked discussions on the exchange rate of Magic Eden Diamonds to $ME tokens and the total value of the airdrop. Additionally, concerns were raised regarding privacy and security issues associated with linking wallets to the airdrop.

MOVEMENT: The cryptocurrency $MOVE associated with Movement Labs has garnered significant attention due to its upcoming listing on major exchanges such as OKX and Coinbase on December 9. The token is part of the Movement Network, which is set to launch its mainnet this week. The network aims to share sequencing revenue and build a Move-based modular blockchain ecosystem. Furthermore, $MOVE has been involved in airdrop activities and has received substantial funding, further boosting its popularity. Discussions also highlighted the potential integration of $MOVE into various applications, including fitness apps incentivizing users with tokens.

GIGA: GIGA is a Solana meme token that has received widespread attention today after being listed on Coinbase, marking it as the first Solana meme to achieve this milestone. This listing has sparked lively discussions and positive sentiments, with many users expressing excitement and optimism about GIGA's potential. The coin's market value has significantly increased, reflecting a growing interest in meme coins. The community is filled with stories of past investment decisions and further growth potential, as GIGA's listing is seen as validation of its position in the cryptocurrency space.

Featured Articles

1. "Bitcoin, Never Surrender: From $10,000 to $2 Trillion in 16 Years"

Rhythm of Work

Behind the market value growth of any asset from zero to trillions of dollars lies a profound story, and Bitcoin is no exception. Those of us in the industry feel that Bitcoin's journey over the past decade or so can only be described as magical. The Bitcoin network was officially launched on January 3, 2009, with an initial transaction price of $0.0008.

2. "Hyperliquid Founder Discusses Entrepreneurial Experience: Self-Taught Programming, Rejecting VC"

When Shift Happens

The "When Shift Happens" interview series recently featured Jeff, the founder of Hyperliquid Labs. Hyperliquid is a decentralized perpetual contract trading platform and a Layer 1 project. In a one-hour conversation, Jeff shared his entrepreneurial journey, project vision, and observations on the DeFi industry. PANews has compiled the interview, covering aspects such as the project's technical innovation, operational model, user experience improvements, and discussing the development trends and challenges in the cryptocurrency industry.

3. "M3M3's New Mechanism Draws Attention, Solana Continues the "Fast Track" Journey | What's the Meme of the Day?"

Zhouzhou

Today, a well-known meme coin on the Solana leaderboard, MOODENG, has emerged. GIGA is currently among the top three in terms of trading volume. MOODENG has maintained a high trading volume in the past few days, consistently remaining in the top three. On the night of the 12th of April, a tweet from Coinbase announcing the listing of MOODENG led to a warming uptrend, increasing its market value by $600 million. Around the same time, GIGA also experienced a sudden surge to a $700 million market cap, with a one-hour price increase of 71.4%. It quickly retraced afterwards. This surge in GIGA was due to Coinbase's tweet announcing its inclusion in the project's development roadmap.

Max Gain & Loss

Token price movement on December 5th, sorted and ranked by trading volume

Top Gainer

1.$OL (Ethereum)

2.$LUMIA

3.$CTC (Ethereum)

Top Loser

1.$AIXBT (Base)

2.$AMP (Ethereum)

3.$TRX (Tron)

On-chain Data

On-chain fund flow on December 5th