Today, the market sentiment index reached 26, indicating a clear fear phase.



On the broader market side, BTC is still fluctuating repeatedly, and altcoins are generally weakening. The US stock market performed well, with storage and aerospace sectors leading, and precious metals hitting new highs. Market expectations suggest that the Federal Reserve may cut interest rates by 25 basis points in June and September, providing some support for risk assets.

Looking at specific projects, several directions are worth noting:

The privacy sector has been quite active recently. XMR (Monero) hit a new all-time high with a significant increase. Meanwhile, the ZEC team has internal disagreements, and its market cap was directly overtaken by XMR. This indicates that the market's demand for privacy protection is indeed rising.

In DeFi, DOLO performed strongly, with related projects launching DOLO-based lending protocols, setting the short-term interest rate at a rather aggressive -0.4%. However, this project has also been reducing its holdings this week, selling $80 million worth of tokens, so future developments should be watched closely.

The SOL chain remains hot. Recently, a Japanese MEME coin surged 50 times, boosting discussions around the entire SOL MEME ecosystem. Additionally, a major social platform recently launched a cryptocurrency purchasing feature, and some exchanges have introduced several new SOL MEME projects this week.

In the public chain sector, QUAI experienced a rally due to its design combining POW mining with a dual-token model. Another new L1 public chain, FOGO, based on the SOL virtual machine architecture, raised $33.5 million and has become a recent market focus.

The stablecoin ecosystem is expanding. A new aggregated stablecoin U was launched on an exchange, operating similarly to a stablecoin ETF, integrating liquidity from multiple stablecoins.

However, some players in the public chain sector are playing tricks. A Korean project deliberately defaulted and delayed the unlocking plan for February by 25%, clearly trying to squeeze the market. While such operations can temporarily boost the token price, they carry high risks and trust costs.
BTC4,8%
ZEC0,75%
DOLO-14,94%
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MoonWaterDropletsvip
· 21h ago
The fear index is at 26. Is it time to buy the dip or continue to lie flat? XMR directly overtook ZEC in this wave, privacy coins are really taking off. SOL's Japanese meme surged 50 times? Looks like it's about to take off. DOLO reduced positions by 0.8 billion. Is this a dump? We need to see what happens next. Korea deliberately defaulted; this move is too dirty. Long-term, they definitely can't compete. Stablecoin U is launched again, a new trick to cut leeks. BTC is still volatile. When will we see a decent rebound? The rate cut expectations are good, but the US stocks have risen so much. Why is crypto still falling? POW + dual tokens design, QUAI is also experimenting. Looks like everyone is copying the homework. The SOL ecosystem is really hot. One meme can rise 50 times. Did I miss something?
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SilentObservervip
· 21h ago
XMR this wave is really amazing, the ZEC team internal conflict was even overtaken, this is the cruelty of the market DOLO reducing positions by 80 million directly taught me a lesson, big V's money is indeed easy to make SOL that Japanese MEME increased 50 times? How many people got caught? But the hype is unstoppable I really don't understand the operation of the Korean project, default and still able to rally? Debt will be paid off sooner or later BTC's 26 fear index fluctuates, so annoying, when will it finally break out
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