Key Market Intelligence on May 13th, how much did you miss?

Featured News

1.Raydium LaunchLab's 24-Hour Graduated Token Volume Surpasses Pump.fun, With a Total of 198 Graduates

2.Binance Alpha's Trading Volume Yesterday Breaks $590 Million, Reaching a New All-Time High

3.Pre-Market Crypto Stocks in the U.S. Soar, With Coinbase Surging 9.76% Due to SP 500 Inclusion Announcement

4.Metaplanet's Per-Share Bitcoin Holdings Have Increased by 170% Since the Beginning of the Year

5.Letsbonk.Fun Founder: Will Provide a $15,000 USDC Reward to Outstanding Projects in the Coming Week

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

PUMP: Discussion around PUMP today has focused on the platform's new creator revenue-sharing model, which allocates 50% of PumpSwap revenue to token creators. This has sparked mixed reviews, with some users criticizing it as insufficient and potentially misleading, while others see it as a positive step towards rewarding creators. The platform faces competition from emerging rivals like LetsBONKfun and Raydium, who are rapidly gaining market share. Furthermore, concerns about PUMP's sustainability, potential U.S. regulatory challenges, and debates about its impact on the memecoin ecosystem are also in the spotlight.

COINBASE: Coinbase made headlines today as it replaced Discover Financial Services to become the first cryptocurrency company to join the SP 500 Index. This milestone is seen as a significant achievement by the entire cryptocurrency community, marking a new era of cryptocurrency integration into the mainstream financial market. The announcement sparked widespread discussion on Twitter, with many emphasizing that this inclusion will boost institutional investments in Bitcoin and other cryptocurrencies.

XRP: XRP has become the focus of today's cryptocurrency discussions, mainly due to its significant market volatility and strategic developments. XRP has surpassed USDT to become the third-largest cryptocurrency by market capitalization, sparking excitement and speculation about its future potential. The surge in XRP price and market cap has benefited from increased institutional investor interest, strategic partnerships, and its role in the evolving crypto ecosystem. Additionally, the integration of XRP with various financial systems and its potential as a macro asset class are emphasized as key factors driving its current momentum.

DYDX: Today, discussions on Twitter about DYDX are primarily centered around the dYdX Yapper Leaderboard launched by KaitoAI, offering a $150,000 reward to top contributors. The leaderboard aims to identify the most active participants in the dYdX community, with rewards distributed across three quarters. This activity has garnered widespread attention, with many users discussing the potential rewards of the leaderboard and its impact on the dYdX ecosystem. Additionally, mentions have been made about the ethDYDX migration to the native DYDX on-chain and the historical significance of the DYDX airdrop.

Featured Articles

1. "Pump.fun Loses Its Crown for the First Time, Raydium's LaunchLab Ecosystem Reversal"

On May 13, on-chain data analyst Adam posted on X revealing Dune Analytics data showing that in the past 24 hours, the token graduation count from Raydium's token launchpad LaunchLab (including third-party launchpads built on LaunchLab such as Letsbonk.Fun) was 198, surpassing Pump.fun's token graduation count of 171. Adam commented that this is the first time in history that Pump.fun has faced real competition.

2. "5 Key Quotes to Clarify the SEC New Chairman's Crypto Regulation Stance"

On May 12, 2025, the U.S. SEC once again held a crypto task force roundtable meeting in Washington, D.C., with the theme "Tokenization: Intersection of On-chain Asset Transfer, Traditional Finance, and Decentralized Finance." SEC Chairman Paul S. Atkins delivered a speech centered around "tokenization."

On-chain Data

On-chain Fund Flow on May 13