1.Abraaj Becomes First Middle Eastern Public Company to Adopt Bitcoin Treasury Strategy
2.Address Snipes NXPC at Open, Nets $3.8M Profit
3.Analyst: Altcoin Season Surge May Arrive in June
4.Franklin Templeton Gains Approval to Launch Tokenized Fund in Singapore
5.Wall Street Big Short: Shorting Strategy While Buying Bitcoin
Source: Overheard on CT (tg: @overheardonct), Kaito
LAUNCHCOIN: LAUNCHCOIN has garnered market attention due to a rapid price surge and its integration with the Believe app. The platform allows users to mint tokens by replying to tweets, positioning itself as a new fundraising channel for startups to bypass traditional venture capital, often likened to a blend of meme coins and NFT royalty models. Despite questions about its long-term sustainability and varying project quality, the growth in LAUNCHCOIN's liquidity and market cap performance is noteworthy. Analysis suggests it may reshape the internet capital market structure.
ONDO: Today, J.P. Morgan executed the first U.S. Treasury bond tokenization public blockchain transaction with Ondo Finance using Chainlink, propelling ONDO into a hotly discussed topic on Twitter. This move signifies J.P. Morgan's strategic shift from a private chain to public chain solutions, highlighting the potential of cross-chain atomic settlement in asset tokenization. The market generally views this partnership positively for advancing blockchain finance, with bullish sentiment on ONDO's token price.
UWUUNICORN: This token humorously deconstructs startup and VC culture and is seen as a meme coin with explosive potential. Compared to similar projects like Gooncoin, users believe it avoids execution risk and has high return characteristics. Current market discussions focus on the exposure boost from AscendEX listing, with its valuation logic reflecting the speculative nature of the crypto market detaching from fundamentals.
PENGU: PENGU has become a focus with a market cap surpassing $1 billion, leveraging its strong cultural identity in the crypto community. The market sees its association with Pudgy Penguins as a typical example of NFT and meme coin ecosystem integration. The community generally expects its price to continue rising and potentially become the next leading project in the market.
VIRTUAL: Today's main narrative revolves around the collaboration with Kaito: by distributing Virgen points to stakers and active users, Virtuals' ecosystem participation has significantly increased. The Genesis platform's $AXR has generated substantial returns for participants, while the veVIRTUAL staking mechanism is viewed by long-term holders as a key way to capture value. This strategic partnership significantly strengthens growth expectations for the ecosystem.
1. "STARTUP Surges 40X in 30 Minutes, how him Became the King of Believe?"
Crypto KOL @himgajria (him) drove the Solana-based meme coin STARTUP to skyrocket 40X in 30 minutes through precise calls, turning his initial $10,000 investment into $430,000 rapidly. The project, with the ironic slogan "Market Cap is the Product," deconstructed the traditional VC model, combined with a narrative of "real-time buyback + burn." Despite the undisclosed team and token details, leveraging community sentiment and KOL market control capabilities, the market cap surged from $450,000 to $20 million, becoming a typical representative of the Solana ecosystem speculation frenzy. him led this operation through a triple strategy of "buying the dip + social opinion manipulation + controversial marketing," highlighting the extreme effects of the current crypto market's attention economy.
The blockchain adaptation project of the classic MMORPG "MapleStory" IP, MapleStory Universe, saw its governance token NXPC surge to $3 on mainstream exchanges (reaching a fully diluted valuation of $30 billion). Fueled by nostalgia and airdrop benefits on platforms like Binance, it triggered a short-term wealth effect. The project adopts a dual-token model (NXPC+NESO) and creator-centric economic design, but fundamentally, it has not yet broken away from the traditional blockchain game loop of "main coin-sub coin-NFT." Its current market value is approaching that of top blockchain games like Decentraland. While benefiting from speculative enthusiasm in the Korean market and exchange liquidity support, challenges such as user retention during the game's public testing phase, economic model sustainability, and creator involvement remain significant obstacles to realizing long-term value. The overall recovery of the blockchain gaming sector is still subject to observation.
On-chain Fund Flow on May 15
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