Market dynamics on December 18: The Meme inscription seems like a zoo market, the risk increases as the market enters the second half.
I. Macro Trends
1. Market Trend: The market is undergoing a correction. Meme tokens are behaving like a zoo market, with risks increasing in the second half of the trend.
2. U.S stocks fluctuated, and Federal Reserve officials indicated they would not consider cutting interest rates in March next year.
II. Market Hotspots
1. Meme tokens are correcting and rotating to fourth- and fifth-tier targets. SATS has become the leading dragon token, surpassing ORDI in both market value and trading volume. Many chains such as ARB, Zksync, TON, TIA have stalled under the meme downturn while Solana and avax chains provided better user experiences during this meme wave. Solana's 24-hour Dex and NFT trading volumes both exceeded ETH.
2.Depin's WLD, FIL, MOBILE surged significantly.WLD can't be repurchased after new contracts signed by liquidity providers which will no longer suppress prices in short term.MOBILE is Helium's phone card sub-token; it currently has high popularity for its ground push strategy in America with total market cap of $1 billion (parent coin hnt has a total market cap of $1.6 billion).
3.COQ from Meme saw significant growth due to hype around BONKBn shadow memes within Solana ecosystem.This round saw BONK increase by 300 times,CQO increased by 150 times,making them biggest gainers within their respective public chain ecosystems.
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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