Key Market Insights for November 13th, how much did you miss?
Featured News
1. Binance Futures to Launch HIPPO and 1000X 1-75x Leveraged USDT Perpetual Contracts
3. FTX Estate Seeks 23 New Lawsuits to Recover Funds for Creditors
4. Pnut Surpasses ONDO to Become the 80th Largest Cryptocurrency by Market Cap
5. Trump Says Elon Musk and VIVEK Will Lead the Department of Government Efficiency (DOGE)
Threads Tweets
1. An article on Ethereum's "Love Deeply, Criticize Sharply" @MaxResnick1
2. Trump appoints Musk and Vivek as leaders of the Department of Government Efficiency in a statement @elonmusk
Featured Articles
1. "How did 500 billion Dogecoin lead Musk to join the new U.S. government department?"
Ray's New World
On November 13, at 9:30 a.m., Trump released a statement announcing the appointment of Elon Musk to lead the Department of Government Efficiency (DOGE) to eliminate government bureaucracy, reduce excessive regulation, cut wasteful spending, and restructure federal agencies. Musk then released the logo of the Department of Government Efficiency, stating "Make government fun again." Since then, a new government department named after a memecoin has emerged on the American political stage. But where did the "DOGE" department come from?
By Jaleel
On November 11, Binance listed two low-cap tokens, ACT and PNUT. According to on-chain data monitoring platform Lookonchain, within a short 2 seconds of Binance's announcement of the ACT listing, an address swiftly bought 10.9 million ACT for $320,000. After ACT's rapid rise, the profit from this investment quickly soared to $3.4 million (about RMB 24 million). The buy-in time of this address was even 7 seconds faster than the release time of Binance's Chinese listing announcement, with the lightning-fast buy speed and huge profits leading to immediate user speculation of "front-running" and insider trading.
3. "Is the NFT Leader Platform, Which Lost Billions in Valuation, Finally Going to Launch Its Token?"
By Cookie
Ever since the information about Magic Eden's token launch was confirmed, NFT players have been eagerly awaiting the airdrop of $ME. Amid Bitcoin's price repeatedly hitting new highs at the year-end, NFT players, in addition to increasingly anticipating the arrival of $ME, seem to also be expecting long-awaited good news from the former king, OpenSea – OpenSea might finally be launching its token.
Top Gainers Losers
Token Price Movement on November 13, sorted and ranked by trading volume
Top Gainer
1. $FRED
2. $PNUT
3. $MAJOR
Top Loser
1. $MASK
2. $RBTC
3. $MVL
On-chain Data
On-chain Fund Flow on November 13
