Crypto Research: New Memecoins - A Mixed Bag of Frequent Failures

In the past 24 hours, there have been many new popular tokens and topics emerging in the crypto market, and perhaps they could be the next market spotlight. In today's Bitget Research we cover:

1.Popular Tokens

2.Popular NFTs

3.Popular DApps 

4.Twitter Hot Topics

5.Regional Trending Searches 

In Summary:

1.Popular Tokens:

LOVE (Token) — A memecoin with a unique whitelist mechanism, innovative hype strategy, and extreme popularity, but saw a large drop close to zero after its TGE. Promoted by influencer @M4573RCH, the whitelisting is secured by sending 0 ETH to his address. Non-airdrop users must have at least one LOVE token to engage in trading, requiring airdrop users to send LOVE tokens to non-airdrop users for trading to occur. Currently, there are 19,954 holders, with the token price plummeting by 99%.

ORDI (BRC-20 token) — As the first token of BRC-20, ORDI is the primary project supported by innovations or institutional layouts in the current BRC-20 sector, and all its data indicators are basically in the first place. The trading volume in the past 24 hours is close to US$200 million, with 4059 transfers in 24 hours. Since ORDI has been listed on OKX, Bitget, and other exchanges, the actual 24-hour on-chain trading volume is US$117,000, ranking third.

OXBT (BRC-20 token) — A BRC-20 token issued by influencer @BitGod, distributed through multiple communities, influencer whitelist + public free mint methods. After launch, the number of holders quickly topped the list of BRC-20 tokens, reaching 20,735. The project has been operated by the project team in a centralised manner since its launch, and it announced yesterday that it will reveal detailed tokenomics this week. The current market cap of the token is US$41.36 million, with a 24-hour on-chain trading volume of US$1.23 million.

BANK (BRC-20 token) — In the past 24 hours, BANK had the second-highest number of transfers, reaching 1836 times. $BANK is among the early batch of BRC-20 tokens and has been listed on some CEXs. The current market cap of the token is US$720,000, with no significant marketing promotion progress.

VMPX (BRC-20 token) — $VMPX is a BRC-20 token created by Jack Levin, the founder of XEN. It set a record with a minting cost of US$2.4 million for a BRC-20 token. The token ranks among the top in terms of the number of holders, with 851 transfers in the past 24 hours and a trading volume of US$410,000. Jack Levin recently hinted a big announcement for VMPX, though a specific plan has not yet been announced. It is essential to observe its performance.

FINALE (Token) — FINALE is a memecoin promoted by Ben.eth in the community, with significant popularity. It’s the third token promoted by Ben.eth after BEN and Psyop. The market still shows some speculative interest, although it has significantly dropped. The contract has drawbacks, such as the ability to suspend trading and blacklist function. Proceed with caution.

BIAO (Token) — A memecoin whose founder’s wallet is zanzai.eth. After transferring all the tokens to another EOA address, it immediately started pre-sale, retaining 5%. This EOA address then transferred a large amount of tokens to another EOA address three times, presumably to continue selling from this address. The token has fallen by 60% in the past 24 hours.

KERMIT (Token) — A frog-themed memecoin. No significant contract risks have been detected, but the contract consists of 500 lines, many of which are unrelated to the product. The token has gained significant popularity on Twitter. The token plummeted after a surge. The rumoured news of a ‘godfish’ wallet purchasing this token has been identified as false. Be aware of this misinformation.

AiONE (Token) — A platform for AI as a Service (AIaaS) that has raised US$3 million in private funding. Its financing information has been published on the U.today website and on Twitter. The website appears to be professionally designed, and the platform already has usable products. The token has seen a considerable rise previously, and it has been trading flat in recent days.

RFD (Token) — Refund Coin was launched by the CryptoPunk NFT billionaire blurr.eth. The project’s current on-chain liquidity is US$10 million, and the trading volume in the last 24 hours is US$18 million, with 2135 unique participants. The token has been listed on Bitget.

BenTen Inu (Token) — A memecoin with a daily trading volume of US$464,900. 28% of the tokens were pre-sold, leading to a surge in the number of interactions with its contract due to users claiming pre-sold tokens. The project has a buy/sell tax of 10%, with no other apparent risks. It currently has 1244 token holders, with moderate popularity. It is essential to observe its performance.

2.Popular NFTs:

Nakamigos (NFT) — CryptoPunks-style PFPs NFT, a highly popular NFT with over 30 KOLs following. Currently, it has 5983 holders, a floor price of 0.6 ETH, and over 6000 transactions that occurred in the past seven days, doubling the floor price and quadrupling the trading volume.

Mainnet Alpha (NFT) — An NFT in the zkBridge Loyalty Program (the zkBridge Loyalty Program allows users to earn loyalty points by participating in zkBridge’s cross-chain products, interacting with social media, and participating in the community. These loyalty points serve as proof of participation in the ecosystem and can be used to obtain future rewards and exclusive benefits). Currently, there are 63,000 holders.

Blokpax (NFT, DApp) — An NFT selling platform, which recently gained significant popularity with its main focus on athlete card type NFTs. It recently conducted an auction activity, Razz Auction, for athlete card-type NFTs.

3. Popular DApps:

Hippo Dash by Gameta (DApp) — Gameta is a multi-chain gaming platform that provides users and projects with a comprehensive infrastructure through its DID, asset management, IDO, NFT marketplace, DeFi, and Social features. In its first phase, it will operate on the BSC. The official statement mentioned that governance tokens will only be issued when daily active users exceed one million. Gameta has received investment from Binance Labs.

Chingari (DApp) — An Indian SocialFi project. Its original Web2 product was dubbed the “Indian TikTok”. Its token, GARI, went through a joint IEO during the TGE. It once had significant popularity in India, but the token price and popularity gradually decreased with the onset of the bear market.

zkSync (DApp) — With the decline of the memecoin craze and the dual drive of project building and airdrop expectations, zkSync’s topped the charts in terms of daily active users on the ETH mainnet. On May 24th, Matter Labs hired the former Vice President of Community at Activision Blizzard to promote zkSync’s gaming development. On May 26th, the TVL on zkSync Era exceeded US$300 million, setting a new record, and continued to rise. As of May 28th, the TVL had surpassed US$320 million.

PancakeSwap (DApp) — PancakeSwap has launched its GameFi platform, Pancake Protectors, which is technically designed and powered by the PvP GameFi protocol Mobox. Players who hold CAKE tokens can claim CAKE Heroes, which are units that can enhance player functions.

4. Twitter Hot Topics:

Temporarily no data is provided due to abnormalities with the data source.

5. Regional Trending Searches:

LINA (Token) — Linear Finance is the first cross-chain compatible decentralised Delta-One asset protocol, enabling the creation, trading, and management of synthetic assets (Liquid). Compared to other synthetic asset protocols, Linear Finance is faster, more cost-effective, secure, and user-friendly. Linear Finance has an excellent founding team and investors based in Hong Kong. Linear Finance was founded by Drey Ng, a former vice president at Goldman Sachs, and Kevin Tai, a former executive director at Morgan Stanley. It is headquartered in Hong Kong and is considered one of the Hong Kong-related tokens. Due to the recent hype about the new policy for virtual assets in Hong Kong on June 1st that allows retail investors to trade digital currencies, the price and the popularity of LINA have risen rapidly.

Cocos (Token) — COCOS is the native token of Cocos-BCX, an open platform catering to gaming and digital asset sectors. It supports various programming languages and underlying blockchain infrastructures. Cocos-BCX aims to create a complete gaming ecosystem, including a gaming engine, development tools, DApp Store, digital asset exchange, etc., to provide game developers and players with innovative, efficient, convenient, and secure gaming experiences. Cocos-BCX has deep roots and influence in Hong Kong and was founded by the renowned Hong Kong game engine company Cocos. It is headquartered in Hong Kong and is considered one of the Hong Kong-related tokens. Due to the recent hype about the new policy for virtual assets in Hong Kong on June 1st that allows retail investors to trade digital currencies, the price and the popularity of COCOS have risen rapidly.

Read more:

BTC Profile - BRC-20 BRC-20 Monitoring Module

Blockchain Profiles: ETH Chain, BSC Chain, Polygon Chain, Arbitrum Chain

DApp Ecosystem: All Chains, ETH Chain, BSC Chain, Polygon Chain, WAX Chain, Solana Chain, Arbitrum Chain, GameFi Sector Across All Chains

Gas Fee Consumption: ETH Chain, BSC Chain, Polygon Chain,  Arbitrum Chain

Crypto News Google Trends - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan, English regions, Europe, CIS Region, Middle East, Latin America & Africa

Written by: Bitget Research

Data collection time: May 30, 10:30 UTC

Data sources: Dune, DApps, Twitter, Google

Note:

1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain.

2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours.

3) DApp daily activity (UAW: unique active wallets)

4) TGE (Token Generation Event)

Disclaimer: Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk.

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