Market Dynamics on May 22: Ethereum-based Meme Tokens Lead the Surg

I. Market Dynamics
1. General market trend: The market is fluctuating and rising. The U.S SEC tends to approve ETH ETF, the latest plan abandons pledging, re-pledging will be considered as securities.
2. U.S stocks are rising, setting a new historical high again. Federal Reserve officials made dovish remarks.

II. Market Hotspots
1.Memes such as PEPE, PEOPLE, FLOKI, WOJAKk, MOG have surged significantly with Ethereum-based Memes leading the rise.
2.Social tokens DEGEN, HIGHER and ONLY1 have also seen significant increases in value. Base chain social protocol Farcaster has received investments from a16z and Paradigm.
3.The domain ENS has surged in value too.Vitalik tweeted his optimism about ENS which can serve as a tool to unify different L2s of ETH.
4.L2's zksync plans for an airdrop with 210 billion total tokens; the market expects it to reach $100 billion in capitalization.The same track ARB、OP、STRK all around $120 billion total market cap each.