Phantom Maintains Top Spot as Tether (USDT), Coinbase, Arbitrum (ARB), and Pepe Attract Attention

According to the top gainers on Kaito, an AI-based Web3 search platform, the top five cryptocurrencies currently attracting the most attention are Phantom

The top five cryptocurrencies currently attracting the most attention are Phantom, Tether (USDT), Coinbase, Arbitrum (ARB), and Pepe, according to the top gainers on Kaito, an AI-based Web3 search platform.

Phantom has maintained its top position for two consecutive days. It is a wallet dedicated to Solana that is currently exploring a transition to a multi-chain platform. The possibility of an airdrop for its native token this year has particularly piqued investors' interest.

In second place is Tether, the leading stablecoin by market share. However, its market capitalization has dropped by about 3% over the past two weeks. This is due to the European Union's implementation of the 'MiCA' comprehensive cryptocurrency regulation, which has cast doubt on Tether's ability to maintain its services in Europe. As a result, European exchanges are delisting Tether trading pairs for failing to comply with MiCA.

Coinbase ranks third. It is a U.S. cryptocurrency exchange that is listed on NASDAQ. Previously, Coinbase also delisted Tether. Meanwhile, Brian Armstrong, CEO of Coinbase, has suggested that X adopt the stablecoin 'USD Coin (USDC)' as a payment method.

Pepe, a leading meme coin, has climbed to fourth place. Pepe is currently trading at around $0.00002, up approximately 14% from the previous week. Elon Musk, CEO of Tesla, once changed his X profile picture to Pepe, further fueling its price surge.

Cryptocurrency investors have also shown significant interest in Arbitrum. It has risen by about 7% over the past three days. Currently, Arbitrum is trading at around $0.77 in the Binance Tether (USDT) market. Its performance in decentralized finance (DeFi) has also been impressive. According to DeFiLlama, Arbitrum's DeFi protocol has generated $217,000 in revenue over the past seven days, making it the second-largest in the DeFi ecosystem.