Santiment: "Classic Capitulation Signal" Appears in the Meme Coin Market

Jupiter DAO plans to reduce the JUP issuance to nearly zero, with the 700 million airdrop possibly delayed

On February 14th, the important Solana ecosystem project Jupiter submitted a key proposal to its DAO, planning to reduce the net token issuance of JUP to "near zero" to alleviate market concerns about inflation and selling pressure, and to strengthen the long-term value support of the token. The plan has entered the community voting stage, and the final result will be decided by token holders. According to the proposal, the team will begin to cut down on new supply from three main sources. First, all token releases from the team reserve will be indefinitely suspended, with unreleased tokens directly absorbed by the treasury and no longer entering the secondary market. Second, the originally scheduled "Jupuary" airdrop will be postponed; approximately 700 million tokens from this round will be temporarily returned to a multi-signature wallet controlled by the community, with snapshots of eligible users still retained for future distribution. Third, tokens unlocked related to Mercurial will be accelerated in release but will be repurchased by the treasury to offset potential selling.

Dragonfly Partner: The listing team's issuance terms are better than last year, possibly due to the high demand for token projects

Odaily Planet Daily reports that Dragonfly Managing Partner Haseeb posted on the X platform stating that there is an interesting trend: compared to last year, (CEX) listing teams are offering better terms for token issuance. The number of tokens launched during the bear market is relatively small, but listing teams always need new token issuances to continuously attract users. Supply and demand determine everything.

Meme coin "surrender signal" emerges: 30-day market cap evaporated by 34%, Santiment hints at an upcoming reversal

February 14 News, the crypto sentiment platform Santiment recently pointed out that the Meme coin sector is showing "classic capitulation signals," with market pessimism rapidly accumulating, potentially foreshadowing a reversal. Santiment stated that discussions on social platforms about "the end of the Meme coin era" have significantly increased, and when a sector is collectively denied, it often marks the beginning of contrarian capital starting to position. Data shows that over the past 30 days, the overall market cap of Memecoins has decreased by 34.04%, falling to approximately $31 billion. During the same period, Bitcoin briefly approached the $60,000 mark in early February, intensifying selling pressure on high-risk assets. Among the top 100 cryptocurrencies by market cap, most meme coins performed weakly, with only a few experiencing short-term surges, including Pippin which surged over 240% in a week, while TRUMP and SHIB saw relatively limited gains, indicating that market sentiment remains cautious.

Ripple CTO David Schwartz: Clawback cannot recover stolen XRP

David Schwartz, Ripple's CTO, clarified that the "Clawback" feature cannot reverse fraudulent transactions involving XRP after a security incident within the GTF community. He emphasized that XRP is not a recoverable asset since it lacks an issuing account, distinguishing it from other tokens on the XRP Ledger that can be subject to Clawback mechanisms.

PI (Pi) increased by 9.86% in the past 24 hours

Gate News Bot Message, February 14th, according to CoinMarketCap data, as of press time, PI (Pi) is currently priced at $0.15, up 9.86% in the past 24 hours, reaching a high of $0.16 and a low of $0.13. The 24-hour trading volume is $32.6 million. The current market capitalization is approximately $1.362 billion, an increase of $122 million from yesterday. Pi is the first digital currency that can be mined on a mobile phone, utilizing groundbreaking technology to achieve mining on mobile devices without draining the battery. The project has three main features: First, it achieves decentralization, providing secure, tamper-proof, and interoperable digital currency; second, it adopts a mobile-first design, usable on phones without battery consumption; third, it is user- and environmentally friendly, easy to use, and does not generate significant electricity consumption in large-scale applications. Pi is a...

Gold prices slightly increased today, with the Gate Metal Contracts sector offering 24/7 continuous trading.

Gold (XAUT) has recently experienced steady growth, reaching a high of $5,022.7 and a low of $4,913.8 within 24 hours. The Gate platform has innovatively launched metal contracts, supporting 24/7 trading, enhancing user trading flexibility, and covering a variety of financial products with high leverage options.