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How much key market intelligence did you miss on October 21?

How much key market intelligence did you miss on October 21?

BlockBeatsBlockBeats2024/10/21 11:02
By:BlockBeats

1. Hot topics: APE, GRAIL, DYDX; 2. Biggest rises and falls: $APE, $APRA, $GNON; 3. On-chain fund movement: $10M flows into Solana, $9M flows out of Ethereum; 3. Top news: Binance will launch 1000CATUSDT perpetual contract with a maximum leverage of 75x

Featured News


1.Binance will launch 1000CATUSDT perpetual contract with a maximum leverage of 75 times

2.MEW becomes the third MEME coin that can be traded with Korean won on Upbit after DOGE and SHIB

3.Solana ecosystem meme coins generally rise, FWOG and GIGA hit record highs

4.Top trader Eugene: GOAT has been bought, GOAT and GNON will become key positions for future long-term trends

5.Solana Ecosystem DeFi Protocol Tokens Generally Rise, JUP Single-Day Increase Exceeds 11%


Trending Topic

Source: Overheard on CT (tg: @overheardonct), Kaito


APE: The price of APE tokens has risen by 100% in the past 24 hours due to the launch of the meme platform Ape Express by ApeChain. The launch triggered a surge in memecoins on ApeChain, with CURTIS, BORED, and CIF at the forefront. The community is actively participating in new features such as the Top Trader simulation game and discussing the potential of ApeChain as a leading degen chain. Sentiments were further fueled by the ongoing ApeFest in Lisbon, which has heightened interest in Apecoin and its ecosystem.


GRAIL: Discussion around GRAIL today has focused on its integration with ApeChain and the significant trading activity on CamelotDEX, which has seen over $40 million in volume across 80,000 transactions. CamelotDEX’s role in facilitating these trades and its strong token economics, including revenue sharing and risk-free capital participation, are cited as key factors in contributing to GRAIL’s popularity.


DYDX: The main discussion on DYDX today revolved around the anticipation of “dYdX Day”, where major announcements are expected, including the dYdX Foundation CEO’s unveiling of new concepts such as moats, Trojan horses, and flywheels. Excitement was further fueled by DYDX’s recent 40% price increase, which was attributed to the upcoming launch of the “Pump platform” on the dYdXchain. The return of Antonio Juliano as CEO and the launch of new markets on dYdX also fueled interest.


Threads&Tweets


1. 20 pieces of advice for crypto founders, @lmrankhan


2. The future of AI meme coins, @hmalviya9


Featured articles


1. "The largest acquisition in Web3 history: What is Bridge, for which Stripe spent $1.1 billion?"

Karen, Foresight News

Bridge has attracted a number of customers, including SpaceX. According to Fortune magazine, SpaceX uses Bridge to collect payments in different currencies in different jurisdictions and transfer them to its global treasury through stablecoins. Bridge has also established partnerships with crypto companies such as blockchain network Stellar and Bitcoin payment application Strike to provide infrastructure for their own stablecoin payment functions.


2.《A week of 4 times, DEEP is the real Alpha of Sui ecology?

@calilyliu

In order for DEEP to work as planned, it needs extremely low transaction costs, extremely low latency, extremely high throughput, and unlimited scalability. Currently in the entire cryptocurrency ecosystem, no other chain can effectively support the construction of DEEP without facing inherent failure.


On-chain data

On-chain fund flows on October 21



Maximum gainers and losers

Token volatility on October 21, filtered and sorted by 24-hour trading volume


Maximum gainers


1.$ApeCoin(ETH)


2.$DYDX (dydx)


3.$ARPA (ETH)


Maximum loss


1.$GNON (SOL)


2.$DIA (ETH)


3.$HIPPO (Sui)


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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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