Key Market Intelligence on April 17th, how much did you miss out on?

Blockbeats
04-17

Featured News

1.Federal Reserve Chair Powell Suggests Easing Bank Cryptocurrency Rules

2.Driven by Liquidity Incentives, Unichain TVL Skyrockets Past $100 Million

3.Binance CEO: Have Been in Contact with Many Countries to Assist in Formulating Cryptocurrency Regulatory Frameworks and Helping Some Countries Establish Strategic Reserves

4.Base is for everyone Market Cap Surges Past $20 Million, Up 150% in 6 Hours

5.Trump: Fed Should Mimic ECB Rate Cuts, Powell Could Be Fired Even Faster

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

RAY: Raydium's newly launched token launch platform, LaunchLab, has sparked significant attention and discussion on Twitter, making RAY one of the trending tokens in current cryptocurrency discussions. The platform is seen as a strong competitor to Pumpfun, with features such as a customizable bonding curve, instant liquidity, and a community-driven operation. This release has fueled positive sentiment in the market for RAY, with many users believing Raydium has the potential to capture market share in the memecoin race and drive innovation. The announcement has also led to a notable increase in RAY's price and trading volume.

BASE: Today's discussions about BASE mainly focused on the controversy surrounding the "Base is for everyone" token launch promoted by the official Base account. Within an hour of launch, the token's market cap surged to $20 million, but then plummeted by nearly 90% within minutes. Following the crash, the price rebounded and exceeded its previous all-time high (ATH). This event has raised concerns in the market about the reputation of Base and Coinbase, as well as potential regulatory scrutiny they may face.

FARTCOIN: FARTCOIN has received widespread attention today due to its outstanding market performance. The token's market cap is approaching 1 billion USD, sparking discussions about its sustainability and comparison to other assets. Community activity is high, with some viewing FARTCOIN as a purely organically grown memecoin without internal control, while others warn of its volatility and the potential risks of extreme emotion-driven price swings.

PUMP: Today, discussions about PUMP mainly focused on Raydium's LaunchLab platform, which is a direct competitor to Pumpfun, the latter of which has already generated significant revenue. Many tweets are discussing whether LaunchLab can capture market share from Pumpfun, with some users optimistic about its prospects due to its community fee rebate mechanism and creator incentive structure. However, some users are cautious, noting Pumpfun's first-mover advantage and significant role in the current crypto cycle. The discussion also extends to the broad impact of such platforms on the crypto ecosystem, with some suggesting they reflect the nature of human psychology and market dynamics.

Featured Articles

1.《Asian Female Influencer Who "Seduced" SBF Refuses to Have Musk's Child This Time》

A female KOL Tiffany Fong, who has 340,000 followers on Twitter, recently found herself in a bizarre scandal. The Wall Street Journal published an article claiming Musk had DM'd Tiffany asking to have a child, but was rejected.

2.《After a 95% 5-Minute Market Cap Plunge, Base Breaks Previous High with $20 Million "User Acquisition Plan"》

The official Base account tweeted at 3:13 AM today, stating "Base is for everyone" along with an image where the word "everyone" is circled in blue, emphasizing Base's inclusivity and openness, subsequently triggering a sharp price movement for the token.

On-chain Data

On-chain Fund Flow on April 17

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