Bitget Research Institute: Meme sector fell sharply over the weekend, LayerZero and zkSync are expected to issue tokens and airdrops in June

1 months ago
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Last week, BTC spot ETFs had net inflows for five consecutive days. The inflows in the past two weeks have offset all outflows in April. BTC rose 9% in a week, but altcoins fell across the board, and the market lacked hot spots. The announcements of LayerZero and zkSync over the weekend indicated that they might issue coins in June, sparking heated discussions on social media.

In the past 24 hours, many new hot currencies and topics have appeared in the market, and it is very likely that they will be the next opportunity to make money.

  • The following sectors need to be paid attention to: Meme sector, fan token sector

  • Hot search tokens and topics by users: Scroll, Manta Network, BONK

  • Potential airdrop opportunities include: Scroll, Orbiter Finance

Data statistics time: May 20, 2024 4: 00 (UTC + 0)

1. Market environment

Last week, BTC spot ETF had a net inflow for 5 consecutive days. The inflow of funds in the past two weeks has offset all the outflows in April. BTC rose 9% in a week, and the price fluctuated around 67,000. CME Federal Reserve observation data shows that the probability of the Federal Reserve keeping interest rates unchanged in June is 91.1%, and the probability of keeping interest rates unchanged in August is 70.4%. The SEC will make a decision on the ETH spot ETF this week. The market is currently pessimistic about this, but at the same time, this pessimism may have been priced in in advance. Even if ETH fails, it is highly likely that there will not be a short-term sharp drop.

The Meme sector fell sharply over the weekend, and other altcoins also performed poorly, with the market lacking hot spots. LayerZero Labs released the first potential witch list containing 800,000 addresses, and zkSync officials said that it is expected to hand over governance at the end of June, which may imply that an airdrop will be carried out at the end of June.

2. Wealth-making sector

1) The following sections need to be focused on: Meme

main reason:

  • Meme Coin is one of the main themes of this round of market. If the correction continues, the top memes will enter a good entry time;

  • Wintermute purchased 2000 SOL MANEKI at the weekend, with a cost price of $0.0098. VCs and market makers began to speculate on meme coins.

Specific project list:


2) The following sectors need to be paid attention to: Fan Token Sector

main reason:

  • In the past month, the prices of a large number of altcoins have been cut in half, while the fan token sector has been relatively resilient in the past month, falling by about 5%;

  • The approaching European Cup, Americas Cup and Olympics provide a good opportunity for hype of fan tokens;

  • Some fan tokens have seen unusual movements recently: Tottenham Hotspur’s token SPURS rose 14% against the trend on Sunday, and Galatasaray’s token GAL saw an 8-fold increase in trading volume month-on-month even though the price of the token did not rise, mainly due to the huge improvement in market making on the Turkish local exchange Paribu platform;

Specific project list:

CHZ and fan tokens such as SANTOS, LAZIO, ARG, PSG, SPURS, etc.

3. User Hot Searches

1) Popular Dapps

Scroll_l1: L1S scrollMessenger

Scroll recently launched the loyalty program Session Zero points system. Users who previously participated in the cross-chain points activity jointly organized by StakeStone and Scroll can now check the accumulated points of the activity through the Scroll points system. DeFi application accumulated points will also be launched soon. After clarifying the interaction details, more users will transfer funds to Scroll through the cross-chain bridge and interact to obtain points. Currently, Scroll points have been launched on the Whales Market, and the coin issuance is expected to be imminent.

2) Twitter

Bitget Research Institute: Meme sector fell sharply over the weekend, LayerZero and zkSync are expected to issue tokens and airdrops in June

Manta Network:

Manta Network CeDeFi product was launched 12 hours ago, and TVL has exceeded 10 million US dollars. CeDeFi products introduce VIP income strategies of asset management institutions to the chain. Users can pledge BTC, ETH and stablecoin assets through Ethereum mainnet, BNB chain, and Manta Pacific to earn institutional CeFi income and funding rate arbitrage income. The current BTC and ETH APY is 5.6%, and USDT and USDC APY is 17.5%. In addition, users can also accumulate points to obtain MANTA token rewards, which are only rewarded for the first $500 million TVL participating in CeDeFi, and the number of participation days exceeds 30 and 60 days, and there are additional points doubled.

3) Google Search Region

Bitget Research Institute: Meme sector fell sharply over the weekend, LayerZero and zkSync are expected to issue tokens and airdrops in June

From a global perspective:

BONK (BONK): BONK has been frequently shown at the SKYDECK EDC Music Festival recently, with high popularity and good user feedback. The corresponding currency price also performs well among many mainstream MEMEs. Although mainstream MEMEs have fallen to varying degrees this weekend, the overall upward trend of BONK has not been broken and it still maintains a relatively stable upward trend.

From the hot searches in each region:

(1) The main searches in Southeast Asia are focused on various popular coins recently, including MEME, RWA, and newly launched tokens.

Users in Southeast Asia generally respond significantly to new projects and hot topics in the cryptocurrency industry. Recently, searches for shiba inu, rwa, AI, and newly launched tokens such as BUBBLE and NOT have been quite popular.

(2) There are more GME-related searches in Europe and CIS:

Recently, with the rise of meme stocks such as GME, AMC and FFIE, which are popular US stocks, there has also been capital speculation on tokens of the same name in the crypto industry. Google searches in Europe and CIS regions generally have more related searches, and user search popularity has increased significantly.

Potential Airdrop Opportunities


Scorll recently launched a points system to prepare for the final sprint of token issuance. The rules of the points system are relatively clear at present. Users can obtain points by staking ETH, LST, various stablecoins, etc., and seize the airdrop opportunity before the final token issuance.

Scroll has raised a total of US$80 million in financing from investors including Polychain Capital, Sequoia China, Bain Capital Crypto, Moore Capital Management, Variant Fund, Newman Capital, IOSG Ventures and Qiming Venture Partners.

How to participate: Users can log in to to link their wallets, and complete the corresponding tasks according to the requirements of Session Zero to earn points, and then they can get future airdrop rewards.

Orbiter Finance

Orbiter Finance is a decentralized cross-chain bridge application that provides low-cost and almost instant cross-chain asset movement and is one of the infrastructures of Ethereum Layer 2.

Layer 2 cross-chain protocol Orbiter Finance completed its Series A financing, led by OKX Ventures, followed by Redpoint China, Hash Global, Skyland Ventures, Mask Network, Bas 1 s Ventures, Zonff Partners and others.

How to participate: Users only need to log in to the Orbiter Finance official website, cross-chain assets between multiple chains, and generate multiple cross-chain transactions.

Original link:

【Disclaimer】The market is risky, so be cautious when investing. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions in this article are suitable for their specific circumstances. Investing based on this is at your own risk.

Original article, author:Bitget研究院。Reprint/Content Collaboration/For Reporting, Please Contact;Illegal reprinting must be punished by law.

ODAILY reminds readers to establish correct monetary and investment concepts, rationally view blockchain, and effectively improve risk awareness; We can actively report and report any illegal or criminal clues discovered to relevant departments.

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