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Market Dynamics on July 2: Solana ecosystem tokens are strong, the US and German governments continue to sell BTC

Market Dynamics on July 2: Solana ecosystem tokens are strong, the US and German governments continue to sell BTC

Bitget2024/07/03 01:47

I. Market Dynamics
1. Market Trend: The market rebound is weak, with Solana showing strength. The US and German governments continue to sell BTC.
2. U.S stocks are rising, Fed's Powell speaks dovishly.

II. Market Hotspots:
1. SOL is on the rise, with ecosystem RAY, MOBILE, POPCAT, BILLY etc., seeing significant increases. Solana has launched the Blinks module and there are future expectations for ETFs. Solana's monthly income hits a record high of $100 million USD, annualized at $1 billion USD.
2. TON is on the rise; its mini-games ecosystem is popularly received.TON short-selling fee rate -40%.
3.The DeFi PENDLE plummeted below its weekly line as re-pledging services gradually expire and tvl was halved from its peak position.Eigenlayer plans to go public in Q3 with more re-pledging services coming due soon.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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