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Memecoins have been gaining traction in the current market cycle, consistently drawing attention and capital. Established projects are now backing Pump.fun, a token launch platform, leveraging their brand and community resources to issue memecoins, engaging new users, and unlocking fresh capital for business growth. Fueled by the memecoin buzz, ApeChain's APE token surged by over 100% in a single day, reaching a three-month high. Additionally, Yuga Labs' NFT collections have seen a long-awaited recovery. Recently, major platforms and wallets have also begun actively supporting ApeChain. As a leading team from the NFT era, ApeChain shows strong development potential.
- 08:32Solana TVL is approximately US$9.336 billion, with a 7-day increase of 19.26%PANews reported on November 23 that Deflama data showed that Ethereum's TVL was approximately US$64.51 billion, with a 7-day increase of 8.78%; Solana's TVL was approximately US$9.336 billion, with a 7-day increase of 19.26%; Tron's TVL was approximately US$8 billion, with a 7-day increase of 1.15%.
- 07:39Trader Eugene: Ethena's recent development has exceeded expectations, and the target price of ENA has been raisedTrader Eugene said on X platform that USDe is currently in circulation at 3.7 billion after adding 1.2 billion in circulation in the past 6 weeks. sUSDe's yield has ranged from 10% to 25% in the past 6 weeks, and Deribit accepts USDe as stablecoin collateral. Ethena's fee conversion proposal was also approved, and these fee conversions guarantee that sENA holders are the main beneficiaries of the success of the protocol. These developments exceed expectations for ENA 2 months ago and have adjusted ENA's target price higher.
- 07:12VanEck: Reiterates Bitcoin's $180,000 target price remains unchangedAsset management giant VanEck's latest report reiterated that it will continue to maintain the price target of Bitcoin at $180,000 in this cycle, and said that from the perspective of key indicators, this round of rebound seems to have just begun. It is reported that VanEck analyzed three key indicators: funding rate, relative unrealized profit (RUP) and retail interest trend. It pointed out: 1. The perpetual futures funding rate has been above 10% since November 12, indicating that the bullish momentum has increased; 2. In addition, the current 30-day moving average relative unrealized profit level is about 0.54, which usually indicates that the market will reach a peak in a longer period of time; 3. The search term heat is only 34% of the high point in May 2021, indicating that the speculative frenzy has not yet spread, and the re-engagement of retail investors will give Bitcoin room for further increases.