Due to the impact of the Bank of Japan's interest rate hike and the yen carry trade, the crypto market and the global risk asset market plummeted. The price of BTC once fell below $50,000 and ETH fell to $2,100. The giant whale Jump Trading also sold a large number of digital assets during this period. Subsequently, the crypto market began to rebound and the stock market also rebounded. The article finally pointed out that the crypto market still has potential, but the bull market may not return until the first quarter of 2025.

Strive for a 2-4x return and exit quickly.

Su Zhu: The real bull market has not yet begun.

Behind the few lucky ones, there are many runners-up who have been defeated time and time again.

Meme, RWA, and AI dominate the red list, and the Layer2 king faces an embarrassing ranking.

LST, AI and Meme sectors fell the most. SATS, TAO, RENDER, PEPE, PENDLE and others had the greatest resilience.

The Crypto market returned to a downward trend this week. Bitcoin fell sharply this week, mainly affected by the Mtgox compensation distribution incident. The actual volatility of Ethereum is weakening, which means that the negative impact of the spot ETF "Sell News" is rapidly decreasing, which is beneficial to forward prices.

Everything is a meme

The cost and speed of building consensus have been compressed to the extreme, and the difference between hunter and prey is just a few minutes.

In July 2024, Solana's price and ecosystem showed strong momentum, especially in the field of Meme tokens. Solana's rapid rebound in the crypto market and excellent ecosystem performance have attracted a large number of investors and users. Its high-performance public chain advantages have been fully utilized in the Meme project, and the on-chain DEX transaction volume has reached a new high. However, investors should be cautious about the hype risk of Meme tokens and pay attention to practical applications and technological progress. The market is generally optimistic about Solana's future development and expects it to continue to maintain strong growth in the crypto market.

Based on the market value of US$170 million on August 1, NEIRO's insider trading share will be as high as US$130 million, which can be regarded as the largest insider trading among MEME coins.

While retaining the core system of Pump.fun, the ability of dev to build a position in advance has been greatly weakened, but there is still a risk of scientists scrambling to buy shares.

The man who sells shovels makes more money than the man who digs for gold.

The team wallets from the SWEENEY scam sold a total of over $515,000 in assets.

Emerging trends, challenges and opportunities.

In the growth process of the integration of Meme projects and ecology, Meme has always been regarded as a thermometer of ecological heat. The public chain ecology and Meme complement each other. In a certain period of time, the attention and traffic of the entire ecology will often be concentrated on a certain Meme, and the Meme will become famous.