The cryptocurrency market on January 23rd showed a multi-faceted divergence. Bitcoin continued to decline, altcoins also weakened, but some sectors remained hot.
On the macro front, BlackRock has been reducing its holdings of Bitcoin and Ethereum, while the US stock market rebounded. Interestingly, gold prices continued to rise, reaching new all-time highs. Meanwhile, US Q3 GDP growth was revised up to a two-year high, providing some fundamental support to the market.
On the on-chain ecosystem side, significant actions are underway. The SOL ecosystem remains hot, with SKR tokens surging several times recently, and there are strong signs of market manipulation behind the official SOL mobile token project. Another noteworthy token is DONT, launched by a US-listed company, with a market cap of about $30 million, while its treasury market cap on US stocks has reached $190 million, showing strong performance.
In the Meme coin sector, a dark horse has emerged. River, a small token, has seen an astonishing monthly increase of 40 times, with a market cap surpassing $7 billion, ranking in the top 100. However, such rapid growth is inevitably risky, with short-selling rates reaching as high as 7000%, reflecting market frenzy.
The RWA( physical asset tokenization) sector continues to strengthen, with gold-related assets like PAXG and XAUT maintaining upward momentum, with gold prices approaching the $5000 mark. There are also new developments in AI, with a leading platform launching the Sentient project, which has raised $85 million, attracting attention as an open AI network. Meanwhile, platform stablecoin holders are also receiving new incentives, with opportunities to participate in airdrop reward programs.
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CompoundPersonality
· 8h ago
River's 40x surge sounds unbelievable, with a 7000% short fee rate. Does anyone really dare to chase?
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Is BlackRock selling off again? Looks like institutions are starting to run away.
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Be cautious about the control of the SOL ecosystem; it's another round of whale games.
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The DONT listed company's token feels a bit shady, like a typical rug pull.
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Gold prices are approaching $5000? No wonder the RWA sector is so hot.
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A 40x monthly increase in Meme coins can't be trusted; there must be some trickery involved.
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Does it feel like the perfect time to buy the dip? Or should we wait a bit longer?
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Stablecoin airdrops are back again; this time, no one will get left out.
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Bitcoin continues to fall; when will it rebound...
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SKR has surged several times; is this another coin targeted by whales?
View OriginalReply0
LiquidationSurvivor
· 8h ago
BlackRock reduces holdings, retail investors buy in, classic move
River up 40x? Short fee rate at 7000%, this is playing with fire
The manipulation of SOL this time is too obvious, be careful not to get cut
After RWA becomes popular, it still feels like something is missing, still feels off
How did the DONT project suddenly pop up? Seems a bit suspicious
Gold breaks its all-time high, Bitcoin is still falling, this contrast is incredible
Sentient raised $85 million? Is AI starting to cut another round?
Stablecoin airdrop? Check the conditions carefully before acting, or it’s just another scam to trap retail investors
Bitcoin breaks support like this, better not rush to buy the dip in the short term
Behind the multiple-fold increase of SKR, 80% of it is someone dumping the market
View OriginalReply0
GateUser-ccc36bc5
· 8h ago
BlackRock reduces holdings of Bitcoin and Ethereum, is this hinting at something... Gold has already surged so strongly, and people are still chasing Meme?
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River's 40x increase is incredible, with a 7000% short fee rate, this is just a gambler's playground
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The SOL ecosystem is indeed powerful, but the signs of official mobile token project control should be cautious
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Again RWA and AI, it feels like everything is rising, but mainstream coins are falling, which is a bit ironic
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DONT coin launched by a US-listed company? The background is unusual, with a market cap of 190 million, definitely interesting
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Short fee rate reaching 7000%, it's really time to reflect on how crazy this market is
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Now chasing Meme coins is purely luck-based, a 40x monthly increase sounds exciting, but there are definitely more people taking losses
View OriginalReply0
MidnightSnapHunter
· 8h ago
River's 40x surge is truly incredible. Who would dare to short with a 7000% fee rate?
View OriginalReply0
NeonCollector
· 8h ago
BlackRock reduces holdings of Bitcoin and Ethereum, this pace is quite interesting, big institutions are leaving and we're still picking up the bag?
River's 40x return in one month is really hard to sustain, with a 7000% short fee rate... isn't this just a gambler's playground?
The mobile project for SOL looks very shady, the manipulation behind it is too obvious.
RWA + gold combo punch is pretty good, with gold prices approaching 5000, but it doesn't seem that simple.
DONT coin's US stock treasury has 190 million, this backing is quite solid, worth keeping an eye on.
The cryptocurrency market on January 23rd showed a multi-faceted divergence. Bitcoin continued to decline, altcoins also weakened, but some sectors remained hot.
On the macro front, BlackRock has been reducing its holdings of Bitcoin and Ethereum, while the US stock market rebounded. Interestingly, gold prices continued to rise, reaching new all-time highs. Meanwhile, US Q3 GDP growth was revised up to a two-year high, providing some fundamental support to the market.
On the on-chain ecosystem side, significant actions are underway. The SOL ecosystem remains hot, with SKR tokens surging several times recently, and there are strong signs of market manipulation behind the official SOL mobile token project. Another noteworthy token is DONT, launched by a US-listed company, with a market cap of about $30 million, while its treasury market cap on US stocks has reached $190 million, showing strong performance.
In the Meme coin sector, a dark horse has emerged. River, a small token, has seen an astonishing monthly increase of 40 times, with a market cap surpassing $7 billion, ranking in the top 100. However, such rapid growth is inevitably risky, with short-selling rates reaching as high as 7000%, reflecting market frenzy.
The RWA( physical asset tokenization) sector continues to strengthen, with gold-related assets like PAXG and XAUT maintaining upward momentum, with gold prices approaching the $5000 mark. There are also new developments in AI, with a leading platform launching the Sentient project, which has raised $85 million, attracting attention as an open AI network. Meanwhile, platform stablecoin holders are also receiving new incentives, with opportunities to participate in airdrop reward programs.