According to the Token Mindshare (a metric quantifying the influence of specific tokens in the cryptocurrency market) top gainers by the AI-based Web3 search platform Kaito
In accordance with Token Mindshare (a metric that judges the online influence of specific tokens in cryptocurrency markets) top gainers by the AI-based Web3 search platform Kaito, the top 5 cryptocurrencies currently garnering the most interest are Bitcoin (BTC), Solana (SOL), Raydium (RAY), Ethereum (ETH), and Base (BASE).
Bitcoin drew attention today as 14,929 BTC (worth approximately $1.26 billion) were unstaked from the Bitcoin staking protocol Babylon. Meanwhile, the U.S. Bitcoin spot ETF saw net outflows of $170.77 million yesterday, reversing to a net outflow just two days after turning to a net inflow. Currently, Bitcoin is trading at $83,930.58, up 0.49% from the previous day according to CoinMarketCap.
Solana made headlines today by launching the first Solana spot ETF in Canada in collaboration with CI Global Asset Management and Galaxy Asset Management. The ETF is officially listed on the Toronto Stock Exchange (TSX) with the ticker SOLX and has an initial management fee of 0% for the first three months. Moreover, Solana is trading at $130.05, up 3.49% from the previous day on CoinMarketCap.
The Solana-based decentralized exchange (DEX) Raydium came into focus as it officially launched the all-in-one token launch platform ‘LaunchLab’ yesterday. LaunchLab provides functionalities necessary for the initial launch of projects, such as token issuance, community engagement, and liquidity building. Currently, Raydium’s token price is trading at $2.18, up 3.95% from the previous day on CoinMarketCap.
Ethereum is said to have seen increased online mentions as its spot ETF has seen seven consecutive trading days of net outflows. Yesterday, the U.S. Ethereum spot ETF recorded a total net outflow of $12.1 million (approximately 1.71 billion KRW). On this day, $4.3 million was withdrawn from BlackRock's ETHA, $1.8 million from Franklin's EZET, and $8.2 million from Grayscale's ETHE. However, Grayscale's ETH saw net inflows of $2.2 million. Now, Ethereum is trading at $1,583.97, up 0.13% from the previous day on CoinMarketCap.
Coinbase's Ethereum Layer 2 network Base has caught investors' attention due to allegations of pumping and dumping a meme coin through its official account. The Base official account issued and promoted the meme coin ‘Base is for everyone’, causing the token price to surge to $0.0173 in a short time. However, it plummeted by 99% due to massive selloffs, sparking controversy. Base clarified that it never sold the tokens and that ‘Base is for everyone’ is an unofficial, creative content and online experiment, but the controversy persists.
In addition to the above, investors are also showing interest in Coinbase, Fartcoin, Pump.fun, Binance Coin (BNB), and Uniswap (UNI).
