The market these past two days has been both surprising and exciting!
Surprise: Yesterday, BTC just hit a new high of 120,000, but was startled by a "fossil-level" ancient whale. The market impact was significant, with BTC dropping below 120,000, touching as low as 115,000 dollars. However, honestly, I don't think this is a bad thing. Whale selling is actually a signal of a warming bull market. Once these old coins are sold, the average holding cost of the entire market is raised.
Excitement: Today, ETH once surged to 3,180, performing exceptionally well, with the exchange rate approaching 0.027, firmly standing above the 3,100 line. ETF fund inflow was nearly 200 million dollars. Sbet fund invested 413 million in ETH, Cathie Wood frantically reposted, and even Paypal partner and VC Peter Thiel indirectly participated through Bitmine.
Some analysts even suggest that ETH might replicate BTC's 2018-2021 trend. If true, do you know what this means? That's a 1,100% increase. If not now, then when?
Sol ETF may have just been listed, but its heat is clearly crushed by ETH. Sol's inflow has dropped from 7 million to 3 million to zero. The market focus is slowly shifting towards ETH. From the Sol/ETH exchange rate, it was 0.088 in mid-April, now dropped to 0.05, funds are clearly switching from Sol to ETH. Once ETH breaks its ATH, the altcoin season will likely arrive.
This is the familiar rhythm: BTC takes off → ETH takes over → Altcoins bloom everywhere.
Are you ready for this altcoin frenzy? The altcoin market heat returns: Here are the coins I'm focusing on!
BONK
#BONK is going crazy again, surging over 15% in 24 hours, with trading volume breaking 134 billion, directly breaking through 0.000030 and 0.000032 key levels, once reaching 0.00003343, a new high in recent months!
This rise is not just due to market recovery, but a full-blown meme sector sentiment, with BONK being included in Grayscale's institutional observation list. Technically rising continuously, with rapidly increasing funds, support moved to 0.00003295, potentially breaking 0.000035 short-term. The meme king of the Solana ecosystem, leading the entire village this time.
PEPE
#PEPE held strong again! Over 6% rise in 24 hours, intraday volatility near 9%, but each dip to around 0.0000126 sees funds entering, short-term support very stable.
More impressively, daily trading volume broke 4.6 trillion, while exchange balance dropped 2.6%, indicating more people are holding. Not just PEPE, the entire meme sector sentiment is taking off, with CDMEME index surging 7% in 24 hours, far exceeding mainstream cryptocurrencies. PEPE currently compressed around 0.00001286, but with good volume, potential to continue rising. This frog is truly resilient!
SOL
#Solana has hardened again! Surging 8.2% intraday, breaking through Bollinger mid-band, with trading volume expanding 36%, market heat clearly warming. RSI at 61, not yet overbought, indicating upward potential, short-term target at 195 dollars.
In derivatives market, SOL's open interest reaches 8.19 billion dollars, far ahead of other coins, with leveraged funds clustering, potentially increasing volatility. Strong support at 145, if maintained short-term, the market continues. Don't forget, Q4 has a major positive - Firedancer upgrade, potentially pushing to new highs. If the trend continues, Solana reaching 400 is not a wild dream!
These two days, there's an ANI on the chain that everyone knows about, with Musk crazy shilling!
$ANI again topped the trending list! Musk frequently "shilling", market cap quickly rising to 57 million, nearly tripling in 2 days, surpassing $PUMP, entering top five in chain-wide trading volume! This AI meme, originating from Musk's xAI virtual character #ANI, linked to Grok's personalization function, became the center of X platform's discussion immediately. Latest on-chain data shows: a super large cluster control reaching 18.49%, whale proportion at 2.99%, currently no red warning seen, but strong pile signs are obvious, be cautious of risk.
Recently, BONK became the new meme headquarters, with many strong projects choosing to launch here, $ANI is also the second in the Letsbonk family, just after $Useless. Behind this heat wave, sentiment dominates, don't let FOMO cloud your judgment, trading system is key.
Will $ANI become the new leader of AI meme? We'll wait and see.
The real enemy of the bull market: not pullback, but yourself Let's be frank - the hardest part now is not choosing coins, but holding them. Many watched from 15,000 to 70,000, but panicked as soon as they broke even, afraid of pullback, selling and then unable to chase back, getting trapped at high positions. The hardest part of a bull market is restraining your hand and keeping your heart steady.
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