Bitget Research Weekly News: Meme becomes the hottest sector this week, SUI is about to conduct IEO in three CEXs

1. Market Focus Market Trends

1. Market Focus Market Trends

This week (04.17-04.21) the focus topic that the market pays most attention to is:

• MEME tokens collectively extinguished, and the market decline further expanded

• The overall correction of the market, the trading list on the Ethereum chain was dominated by MEME coins

• Meme continues to be hot, PEPE and other meme coins listed on Bitget have increased by more than 100% in a single day

• Meme has become the hottest sector in the market, and AIDOGE, PEPE, WOJAK have skyrocketed in turn

• 2. Popular Projects

2. Popular Projects

The hottest projects this week (04.17-04.21) are:

PEPE (token): sad frog MEME coin, currently the most popular meme coin in the whole market, with a single-day on-chain transaction volume of more than 100 million US dollars, occupying the headlines of community discussions; in the case of the market correction yesterday, it rose against the trend and hit a new high, according to some According to data analysts on the chain, some early addresses obtained millions of benefits at a cost of less than 1 ETH, an increase of thousands of times; users should pay attention to the risks of participation, and Bitget currently provides transactions in this currency;

WOJAK (token): The MEME coin that is most closely related to the sad frog PEPE, a human meme image with strong magic power, the current 24-hour transaction volume on the token chain is 22 million US dollars, and the market value is 9.17 million US dollars. The popularity is extremely high. Currently, Bitget provides transaction in the currency;

XEN (token): On April 18th, the bidding campaign for XENKnights officially started, XENKnights is an experimental collection limited to 100 unique works of art inscribed on satoshis on the Bitcoin blockchain, for a total of 100 XENKnights ordinals will be auctioned off to the highest bidder and XEN from the top 100 winning bidders will be burned;

AIDOGE (token): Arbitrum community meme project, the code is generated by AI, and free airdrops are distributed to ARB airdrop users. There is a 15% tax on token sales, of which 1% is permanently destroyed; 2% is deposited into the AIDOGE/ETH trading pair to increase depth; 3% is used as AIDOGE pledge rewards; 3% is rewarded to secondary market traders; Subsidy protocol games and voting. In the early stage, some ARB will be used directly to encourage users to increase liquidity. 3% is used for development; the current 24-hour trading volume of the token is 18.5 million US dollars, and it has been listed on Bitget;

CHAD (token): It has a certain connection with PEPE and WOJAK, the meme currency of the token elite, with a transaction volume of 12.47 million US dollars in the past 24 hours and a market value of 2.66 million;

XEN Torrent (NFT): XEN NFT has been deployed on 10 different EVM compatible chains, with more than 1 million addresses mint. Benefiting from the recent price increase, the arbitrage behavior on the chain is active again;

LFi NFT (NFT): Free mint NFT built on Polygon, with a total of 1.1 million, has been launched on Opensea, with 100,000+ holders, and the activity of mint on the chain is very high;

MEV Bot (Dapp): jaredfromsubway.eth, a very active sandwich robot on the chain recently, specializing in sandwich attacks on meme coins, with more than 570,000 transactions. According to the statistics of dune, in the past 24 hours, jaredfromsubway. eth gas alone consumed 535.18 ETH, worth about $1,119,969, accounting for 8.3% of the entire network data; and in the past week, this address consumed 1007.29 ETH, worth about $2,096,850, accounting for 3.79% of the entire network data;

3. Hot Search Topics Hot Searches

3. Hot Search Topics Hot Searches

This week (04.17-04.21) the hottest topics are:

PEPE (Token): Frog meme, the wealth effect is very strong, and it has increased by 4500 times since its launch. With heated discussions all over the world, OKX issued a vote, and the community chose whether to belong to the "dog" camp or the "frog" camp, triggering the expectation of OKX on PEPE. The trading pair is currently open on Bitget;

Virtual-RNDR, High, VTK (Token): The core related event from April to June is that Apple will hold the 2023 developer conference, and users predict that it will release an MR headset product, which will have AR, VR, MR, etc. Conceptual projects may usher in a hype period, among which the more pure targets are RNDR, HIGH, TVK;

AUDIO, SOL (Token): According to news from Solana’s official website on April 14, its WEB3 mobile phone Saga will be released to the public on May 8. The phone has a built-in Audius app, and AUDIO is stimulated by the good news;

[Disclaimer] There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions in this article are suitable for their particular situation. Invest accordingly at your own risk.

Bitget Research Institute focuses on "focusing on the data on the chain and mining value assets". By constantly monitoring data on the chain and regional hot searches and other dimensions, it mines cutting-edge value investments and provides institutional-level insights for crypto enthusiasts. So far, it has provided Bitget global users with [Arbitrum Ecology], [AI Ecology], [SHIB Ecology] and other early value assets of many popular sectors, and created better wealth for Bitget global users through in-depth research driven by data effect.

[Disclaimer] There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions in this article are suitable for their particular situation. Invest accordingly at your own risk.