Market Today

• Meme tokens such as NEIROCTO, MEW, and POPCAT have risen sharply. NEIROCTO is the leading token in this round of market, leading the market to rise. POPCAT and MEW are cat meme tokens on the Solana chain. POPCAT has set new historical highs and became the first cat meme coin with a market value of over $1 billion;
• American political Polifi tokens have collectively risen sharply, including MAGA, STRUMP, and TRUMP. As the date of the US presidential election approaches, related political concept meme tokens may usher in hot speculation;
• Public chain SUI, SAGA and other tokens have risen, while old public chains such as ETH and SOL have performed poorly. SUI has risen after a large amount of unlocking, with a market value of nearly $20 billion. SUI is the leading project in the public chain sector in this round of market;
• Fan coins OG, SANTOS, LAZIO, PORTO and other tokens have risen sharply. The fan coin sector usually pulls up the market collectively when the market falls. According to past data, the sustainability of the fan coin pull is poor;

Market Trend

• BTC fluctuates widely between $60,000 and $64,000, BTC dominance rate decreases, and the alt season is coming;
• ETH fluctuates narrowly and currently remains around $2,450. ETH ETF trading volume and capital inflows are sluggish;
• Altcoins generally rise, the market lacks new hot spots, and the meme sector is still the market's top priority for speculation.

Macro News

The three major U.S. stock indexes closed down collectively, and the 2-year U.S. Treasury yield, which is most sensitive to the Fed's policy rate, rose sharply, temporarily reporting 3.99%. Traders expect the Fed to further cut interest rates by less than 50 basis points this year.