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VIPBitget VIP Weekly Research InsightsIt's been nearly two months since the trend of celebrities and politicians launching memecoins began. During this period, liquidity in the Solana ecosystem almost dried up. Pump.fun, which once saw over 2000 successful launches landing on DEXs daily, hit a low of just slightly over 50 new projects per day, marking a drop of nearly 97%. During the two months, Pump.fun also rolled out its own DEX, Pump Swap, while major centralized exchanges (CEXs) accelerated their transition and put toward products combining spot and on-chain transactions. These offerings help bridge the liquidity gap between CEXs and on-chain trading, in order to capture opportunities in early-stage tokens' hype and drive a faster recovery in Solana's on-chain liquidity.
VIPBitget VIP Weekly Research InsightsThe unique value of Proof-of-Work (PoW) tokens lies in their mining mechanism and regulatory positioning. Research shows that mining costs are a defining feature of PoW tokens, involving significant investment in hardware and electricity. When market prices approach miners' breakeven points, miners tend to hold onto their coins in anticipation of future appreciation. This behavior reduces circulating supply, shifts the supply-demand balance, and may contribute to price increases. Regulatory clarity is also critical to the investment appeal of PoW tokens. Both BTC and LTC are classified as commodities by the U.S. SEC rather than securities, which simplifies the ETF approval process. In January 2024, the approval of the BTC spot ETF triggered significant institutional inflows. LTC is currently undergoing the ETF application process. While DOGE and KAS have not yet received formal classification, their PoW nature may position them for similar treatment. Together, these factors enhance market liquidity and attract more institutional investors.
- 19:10Bitget Wallet Launches Second Water-Drawing Event, Distributing 200,000 Test Tokens in Collaboration with Pharos and CESSBitget Wallet launches the second phase of its "Faucet Event," partnering with Pharos and CESS to distribute a total of 200,000 tokens. The event runs from June 13 to July 13, aiming to create a "one-stop, efficient faucet" platform. In the first phase, over 15,000 users claimed test tokens through Bitget Wallet, with more than 2,000 daily participants on average. In this phase, users can claim 100,000 PHRS test tokens provided by Pharos and 100,000 CESS test tokens from CESS within Bitget Wallet, as well as a $50,000 CESS token reward after TGE. Bitget Wallet will continue to integrate high-quality testnet resources, building an efficient gateway for users to connect with new projects and further strengthening its brand as the preferred tool for participating in Web3 testnets.
- 19:09Bitget Onchain Launches RICO, SGC, and KTA TokensForesight News reports that Bitget Onchain has listed the MEME tokens RICO, SGC, and KTA from the Solana, BNB Smart Chain, and Base ecosystems. Users can start trading these tokens directly in the onchain trading section. Bitget Onchain aims to seamlessly connect CEX and DEX, providing users with a more convenient, efficient, and secure onchain trading experience. Users can trade popular onchain assets directly using their Bitget spot accounts (USDT/USDC). Currently, it supports major public chains such as Solana (SOL), BNB Smart Chain (BSC), and Base.
- 19:09BSC Foundation Spends $25,000 to Acquire 6.49 Million VIXBTAccording to Foresight News, monitoring by @ai_9684xtpa shows that after a two-week interval, the BSC Foundation address has once again spent $25,000 to purchase 6.49 million VIXBT just two minutes ago.