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SOL price has lost support and closed multiple daily candles below the 200-day EMA for the first time since September 2023.
Ether fared worse than bitcoin in August — plunging 22.2% compared to an 8.6% decline for the latter.September could see further bearish movements for major cryptocurrencies if the month aligns with historical seasonal trends, according to QCP Capital analysts.
Phishing incidents emerged as the most damaging, accounting for approximately $293 million of the total losses.
The top ten meme coins have seen their prices decrease 40%-70% over the past 52 weeks. Since the beginning of this year, the PolitiFi subcategory has outperformed the broader meme coin category.
Bitcoin was at the center of this exodus, experiencing outflows totaling $319 million.
- 04:16Sui Network TVL Reaches $2.09 Billion, Setting a New RecordAccording to DefiLlama data, the Sui network's TVL reached $2.09 billion, setting a new all-time high, with the previous peak being $2.083 billion in January this year. The network's TVL increased by 22.4% over the past week, with the top three protocols being Suilend Protocol, NAVI Protocol, and Cetus.
- 04:15Overview of Important Developments on May 11th at Noon1. The Chairman of the US SEC will deliver a speech on asset tokenization on the 12th 2. Forbes: Despite being controversial, meme coins can still promote healthier development of the crypto market 3. Abraxas Capital continues to accumulate ETH, withdrawing 185,309 ETH from CEX in the past 3 days 4. Ethereum's market value surpasses $300 billion, ranking 39th among global assets, ahead of Coca-Cola and Alibaba 5. Former UFC champion Conor McGregor proposes establishing an Irish Bitcoin reserve, focusing on crypto policies during his presidential campaign
- 04:15Trump: Will Significantly Increase Trade with India and PakistanU.S. President Trump stated that trade with India and Pakistan will be significantly increased.