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Four months ago, a certain address swept in over 1% of BAYC's supply, and its current value has fallen by about 4.3 million US dollars
Arcade.xyz consultant Cirrus posted on platform X that four months ago, when the floor price of BAYC fell below 25 ETH, some addresses swept in more than 1% of the supply in an attempt to bottom out. But now these BAYCs have fallen in value by about 1400 ETH ($4.3 million). Blur data shows that the current floor price of BAYC is temporarily reported at 13.4 ETH, with a seven-day drop of 7.66%.
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May 20th - May 26th | Web3 Key Events and Financial Focus Previe
May 20th1. Pyth Network will unlock 2.13 billion PYTH, accounting for 141.67% of the circulation, worth about $812 million. May 21st1. Dragon8 hard fork of Chiliz Chain. This hard fork will introduce new developer tools and fully implement the previously announced Chiliz Chain Tokenomics 2.0, with CHZ's annual inflation rate decreasing year by year from 8.8%, until it drops to 1.88% after 14 years and remains unchanged in each subsequent year. At the same time, Chiliz Chain will implement EIP-1559, where most accrued Gas will be burned. May 22nd1. Avalanche will unlock approximately 9.54 million AVAX, accounting for about 2.49% of the circulation volume and valued at around $340 million.2. SPACE ID is set to unlock approximately18 .49 million ID tokens which represent about a4 .29% share of circulating supply and are estimated to be worth around $14 .26 million. May23rd 1. The U.S Securities Exchange Commission (SEC) is expected to decide on whether or not they'll approve VanEck's application for an Ethereum ETF.2. At20 :30 , data regarding initial jobless claims in America as recorded on May18 th is due to be released.3. 1inch plans on unlocking roughly21 ,430 tokens (1INCH), which are estimated to have a value close to$8520 . May24th 1. The SEC is scheduled make its decision concerning ArkInvest/21 Shares' application for an Ethereum ETF.2. The SEC has postponed its decision regarding ARK’s Ether-based ETF till May24 th . May25th 1. Acala intends on unlocking approximately4 .66million ACA tokens that account for roughly0.48 %of total circulating supply; these coins are believed have a combined value near$507,000 . May26th 1. Oasis Network is set to unlock about171 million ROSE tokens, which represent approximately2 .54% of the total circulating supply and are estimated to be worth around$14 .8million. Note: All times are in UTC+8
00:36
The AUM of Hong Kong's virtual asset spot ETF has dropped 3% from its first day, falling to 2.223 billion Hong Kong dollars
According to Ming Pao, the Hong Kong spot ETF for virtual assets has gone through 12 trading days since its issuance, with little change in overall AUM. Data from HKEX shows that the total AUM once rose to a maximum of HKD 25.2 billion and was at HKD 22.23 billion last Friday, down 3% from the first day. Among them, only Huaxia Bitcoin ETF's AUM scale reached HKD 1 billion; Harvest Ethereum (3179) had the lowest AUM among the six, about HKD 56 million as of last Friday. In addition, Bitcoin ETFs accounted for 85% of total asset value and Ethereum ETFs accounted for 15%, reflecting that Bitcoin is still the mainstream virtual currency. Moreover, after reaching a turnover of HKD87.61 million on their first day of trading, these six ETFs weakened with an average daily turnover around HKD41.03 million. Data shows that among fund companies issuing spot cryptocurrency ETFs, Huaxia has most market makers; as of May 8th and priced in Hong Kong dollars: there are seven market makers for Huaxia Bitcoin; Bosera HashKey Bitcoin (3008) and Harvest Bitcoin (3439) have six and four respectively; only Huaxia bitcoin has RMB counter set up by market maker. Kaiko's data analysis platform reports that competition for crypto spot ETFs is heating up globally but Hong Kong's market is much smaller than US', leading to a gap between initial trading volumes in both regions - however demand seems strong across Asia-Pacific region overall . Wang Junjie , partner at Yicai Investment Fund believes changes in AUM are minimal mainly due to liquidity not being fully released yet - if mainland investors were allowed to purchase via Stock Connect program it would greatly increase liquidity . He also pointed out if future Ethereum EFT could innovate to generate income from Proof of Stake (PoS) pledges, it would be a global first and attract many Ethereum holders to invest and trade, leading to significant growth in AUM and trading volume.