Meme Network narxMEME

The current state of the market: Exchanges and influencers find it difficult to make monies from utility tokens as there seems no volume therefore they create and sell trash meme coins to retailers/traders claiming profits while in reality it is a blatant robbery.

对于加密货币爱好者来说，一个令人兴奋的转折是，在 Grayscale Investments 最近在美国申请现货 ADA 投资基金后，Cardano 的 ADA代币飙升了 11%。这一急剧上涨使 ADA 的价格飙升至 80 美分，尽管仍低于 12 月的高点。 什么是灰度的新 ADA 基金？加密货币投资领域的领导者 Grayscale Investments 已提交提案，将在纽约证券交易所推出 ADA 现货投资基金。该基金旨在让投资者无需亲自购买 ADA 即可进入加密货币市场。 社交媒体如何塑造加密货币趋势？Santiment 的最新数据显示，社交媒体上关于第 1 层加密货币的讨论显著增加。比特币、以太坊、Solana和 Cardano等项目正在吸引加密社区许多人的关注。 分析显示，44.2% 的社交媒体对话围绕这些领先的加密货币展开，这表明人们正转向更具战略性的投资方式。这一趋势的出现正值人们对基于 meme 的货币的兴趣逐渐减弱之时。 Grayscale 的基金可能会吸引机构对 ADA 的兴趣。 社交媒体趋势反映出人们对成熟的加密货币的关注度日益提高。 比特币和以太币的波动性降低正在促进市场稳定。 当前的市场格局表明，投资机会将更加可持续，这为加密货币领域的长期利益相关者带来了潜在的增长。

As February kicks off AI, GameFi and Layer 2 solutions are gaining momentum. Coins like$FET FET (AI)$AI IMX (GameFi), and OP (Layer 2) could see strong moves. $BTC BTC and $ETH ETH remain solid while$MEME meme coins might surprise if risk appetite returns.

.📢⚠️Warning of latent risk 1. TST essentially originates from the concept of a "test token", and its main value driver comes from the support of market FOMO and CEX, lacking practical application scenarios. If the market heat declines, investors may quickly turn to other MEME narratives, causing the liquidity of TST to dry up. 2. Recently, the TST price has risen sharply, and some large investors have realized their profits. The market may be at the end of the FOMO period. If the new funds are not enough to support the current market value, there may be a significant pullback. Investors need to be vigilant about the risk of sharp price fluctuations in the short term.

Concerns have emerged over Shiba Inu’s (SHIB) token distribution after analysts revealed that several wallets hold a significant portion of its supply. On Friday, crypto analytics firm Santiment reported that the top 10 SHIB wallets collectively own 61.3% of the total supply. By comparison, Ethereum’s top 10 wallets hold 46.1% of its supply, while Chainlink and Toncoin have even lower concentrations at 33.1% and 32.8%, respectively. Notably, as per the firm, such a high concentration for SHIB raises fears of price manipulation and volatility. “When the top 10 largest wallets hold a big portion of a cryptocurrency’s total supply, like Shiba Inu at 61%, it means a small number of holders have significant control over the market. If these wallets decide to sell, it can cause sharp price drops, creating greater risks for smaller investors.” The firm tweeted. On the other hand, cryptocurrencies with more evenly distributed ownership are considered more stable, as they are less susceptible to market manipulation by a few large players. However, a closer look at the nature of these wallets reveals that the situation may not be as concerning as initially feared. While the numbers suggest that a small number of entities control SHIB’s supply, the firm noted that many of these top wallets do not belong to individual investors or whales but are controlled by exchanges and the SHIB burn wallet. Notably, the official burn wallet is the largest SHIB wallet, which holds an astounding 41% of the total supply. These tokens have been permanently removed from circulation, meaning they cannot be sold or reintroduced to the market. This significantly reduces concerns about potential sell-offs from this particular address. The second-largest wallet, containing 44.72 trillion SHIB, belongs to the South Korean exchange Upbit. Similarly, Binance holds 44.19 trillion SHIB as the third-largest wallet, while Robinhood controls the fourth-largest with 39.27 trillion SHIB. Other major exchanges like Crypto.com, OKX, and BitGo also hold substantial amounts. Since these exchanges hold SHIB on behalf of millions of retail investors rather than for personal investment, the likelihood of coordinated price manipulation is much lower than initially perceived. It’s also important to note that such entities, particularly Robinhood, have continued accumulating SHIB, signaling a growing interest in the meme coin. According to Santiment, such purchases indicate confidence in the meme coins future. “If these large holders continue to hold or accumulate, it generally signals confidence in the project and can actually reward traders who collectively hold less power and rely more heavily on the behavior of a few large key stakeholders.” Santiment wrote. SHIB traded at $0.00001569 at press time, reflecting a 1.10% surge in the past 24 hours.