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Bitget Research: PEPE Team Sell-off Causes Plunge in PEPE, U.S. Dollar Index Hits New High
Bitget Research
2023/08/25
the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight.
In Summary:
1.Popular Tokens:
FRAM (Token) - Recently, the FRAM token consistently ranks first in on- XCNUSDT">
chain trading volume. One distinctive aspect of this BRC-20 token project is that 98% of the tokens are controlled by the top 9 addresses, with two exhibiting obvious wash trading behavior. The current number of holders is 1476, with no significant changes.
SHIA (Token) - The project founder, Carlos, is the founder and CEO of the renowned esports club, G2 Esports. G2 has a significant impact on the industry, and Carlos himself also has a strong influence. The project will soon release a series of remade Sega classic games, such as Temple Run, Candy Crush, Fruit Ninja, and Pac-Man, all of which will feature SHIBA characters and include PE gameplay. The token's on-chain liquidity is US$4.32 million, with a 24-hour trading volume of US$20.98 million.
BONE (Token) - Influenced by the launch of Shibarium L2 and congestion issues of cross-chain bridges, BONE, being used as the gas token for Shibarium, has experienced sharp price swings. It increased by 12.1% today, with an on-chain trading volume of US$5.01 million over the past 24 hours.
RWT (Token) - RevaLink Wallet Token, rumored to be associated with a financial pyramid scheme promoted by hopingclub. It has on-chain liquidity of US$19.07 million and a 24-hour trading volume of US$6.48 million. The token price has experienced a continuous sharp decline after an initial rapid increase. There are 584,000 token holders on-chain, but the chips are overly concentrated, with the top 6 addresses holding 99% of the tokens. The risk is extremely high and participation is not recommended.
Friend (Token) - An altcoin with Friendtech concept. Its price has dropped by 30.32% in the past 24 hours, with a daily trading volume of US$9.72 million. The contract carries risks such as anti-whale measures and potential mint function. The contract's owner holds 78.6% of the tokens, indicating an extremely high concentration, which poses a significant risk of insider trading. The token is not worth your attention. https://www.dextools.io/app/cn/bnb/pair-explorer/0x0f80d0b5c555dd5a2066acb3af1685074976c5e5
IndiCoin (Token) - This token is currently in the mint phase and conducting an airdrop. More than 42 million tokens have been minted, with over 110,000 unique holders. The token contract was created 48 days ago, indicating rapid development. No relevant Twitter or website information was found, suggesting it might have a specific regional focus.
agEUR (Token) - agEUR is backed by Angle Protocol, a capital-efficient, decentralized, and over-collateralized stablecoin protocol. Recently, the launch of Angle's Transmuter product has been voted on Snapshot. After the vote passes, the price of agEUR will be unrelated to the trading price of EURUSD, allowing it to avoid any market risks brought about by USD depegging.
Moon Touch Symbol (Token) - A trending Move-to-Earn game with Japanese anime style, created by the renowned Tokyo-based illustrator, 豆の素 (@mamenomoto39). It has secured an investment of US$2 million from Longling Capital. The team consists of industry veterans with over 10 years of gaming experience, NFT professionals, and esteemed game artists and designers from Japan.
Pendle (Token) - Binance Labs announced its investment in the DeFi yield protocol Pendle Finance. The PENDLE token surged by 20% shortly after the announcement but then retraced. In the previous week, Pendle's Ecosystem Fund transferred 5.02 million PENDLE to Binance, approximately US$2.98 million.
2.Popular NFTs:
Eigenworlds (NFT) - Eigenworlds is the latest NFT series released by Eigenlayer, which may potentially serve as the core operational identity token for Eigenlayer. Since the project offers Free Mint for the NFTs, users only need to pay the gas fee to obtain the corresponding NFT. Eigenlayer is seen as a potential dark horse in the future LSDFi landscape. Participation is recommended.
Holograph (NFT) - Holograph is a full-chain NFT protocol allowing seamless transfer of NFTs between
blockchains without the need for wrapping. LayerZero serves as the cross-chain messaging solution for Holograph, providing support for its operations.
Omnichain (NFT) - There have been over 4000 small ETH transfers on-chain, but specific NFT-related information hasn't been identified. The project might be in its initial operational stages, and continuous monitoring is advised.
3.Popular DApps:
ChangeNow (DApp) - This is a non-custodial
cryptocurrency and
fiat exchange where users can trade over 200 tokens with no registration or trading limits. The project integrates DeFi and CeFi, with an average exchange time of 5 minutes, and has a very active on-chain trading volume.
TinyTap (DApp) - A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). As a specific technology in the trading sector, Tiny Tap will participate in the ISTE Live23 conference and earlier established a US$10 million Global Educators Fund, gaining considerable interest in the community.
Stargate (DApp) - Stargate is a liquidity transfer protocol and the core project of the LayerZero ecosystem. Currently, the number of unique addresses staking its STG token has reached 1.1 million, with over 40 million STG tokens being staked. Yesterday, Stargate announced its integration with the ConsenSys Layer 2 network Linea, enabling users to execute cross-chain asset transactions between networks supported by Stargate.
Friend.Tech (DApp) - Currently the most popular application on Base in the SocialFi sector. It tokenizes individual influence by allowing users to buy and sell "shares" of people. At the same time, Friend.Tech has been controversial due to privacy issues like "data breaches." Shares are the token that corresponds to influencers.
Serious Dice (DApp) - A gambling-type mini-game platform with a very simple design. There is currently no associated information available on Twitter and other platforms, and no visitor data according to Similarweb. It is essential to observe its performance.
PancakeSwap (DApp) - The decentralized trading platform PancakeSwap has announced its expansion to the ConsenSys L2 network, Linea. Originally built on the BNB Chain, PancakeSwap had previously expanded to the Ethereum mainnet, Aptos, Polygon zkEVM, zkSync Era, and Arbitrum One.
Galxe (DApp) - The largest on-chain task platform, Galxe recently introduced "Mission Web3," a Web3 course that includes reading materials, quizzes, and on-chain activities. Users can gain knowledge about wallets, tokens, Dex, cross-chain processes, and NFT trading. This week, Galxe continues to promote on-chain task activities, collaborating with projects like Quai Network and Taiko for new tasks.
Layer Zero (DApp) - LayerZero is a cross-chain protocol that facilitates communication between DApps deployed on different
blockchains without the need for any intermediary chains or consensus mechanisms. LayerZero has passed more than 50 million messages between various chains, according to the latest official data.
4.Twitter Hot Topics:
PEPE (Token) - The PEPE team's multi-signature address transferred 160 trillion PEPE tokens (equivalent to about $15.08 million) to four centralized exchanges. The PEPE multi-signature wallet's threshold was changed from 5/8 to just 2/8, meaning it only requires 2 out of 8 wallets to sign transactions. Information about PEPE's founder, Zachary Testa, was revealed by Not Larva Labs founder Pauly on Twitter. Following the team's sell-off, PEPE experienced a significant drop, breaking new lows.
5.Regional Trending Searches:
BONE (Token) - After the launch of Shibarium, the network faced a temporary outage. It has now resumed block production, with a new monitoring system and additional fault protection in place. Over the past 24 hours, BONE, which serves as the gas token for Shibarium, saw an increase of 14%.
Main Body
Written by: Bitget Research
Data collection time: August 25, 10:30
Data sources: Dune, DApps, Twitter, Google
Note:
1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain.
2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours.
3) DApp daily activity (UAW: unique active wallets)
4) TGE (Token Generation Event)
1.BTC Profile - BRC-20
FRAM (Token) - Recently, the FRAM token consistently ranks first in on-chain trading volume. One distinctive aspect of this BRC-20 token project is that 98% of the tokens are controlled by the top 9 addresses, with two exhibiting obvious wash trading behavior. The current number of holders is 1476, with no significant changes.
2.Blockchain Profile - ETH Chain
2.1 User Profile
2.1.1 Core Data
Total active users of ETH: 385,329
New active users of ETH: 68,248, with a daily decrease of 4.96%
Existing active users of ETH: 317,081, with a daily increase of 3.20%
2.1.2 New User Profile
Core data: There were a total of 68,248 new active users on ETH yesterday, with a daily decrease of 4.96%
Popular Sectors
Popular Projects
Key Projects:
ChangeNow (DApp) - This is a non-custodial cryptocurrency and fiat exchange where users can trade over 200 tokens with no registration or trading limits. The project integrates DeFi and CeFi, with an average exchange time of 5 minutes, and has a very active on-chain trading volume.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 317,081, with a daily increase of 3.20%
Popular Sectors
Popular Projects
Key Projects:
Eigenworlds (NFT) - Eigenworlds is the latest NFT series released by Eigenlayer, which may potentially serve as the core operational identity token for Eigenlayer. Since the project offers Free Mint for the NFTs, users only need to pay the gas fee to obtain the corresponding NFT. Eigenlayer is seen as a potential dark horse in the future LSDFi landscape. Participation is recommended.
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
SHIA (Token) - The project founder, Carlos, is the founder and CEO of the renowned esports club, G2 Esports. G2 has a significant impact on the industry, and Carlos himself also has a strong influence. The project will soon release a series of remade Sega classic games, such as Temple Run, Candy Crush, Fruit Ninja, and Pac-Man, all of which will feature SHIBA characters and include PE gameplay. The token's on-chain liquidity is US$4.32 million, with a 24-hour trading volume of US$20.98 million.
2.2.2 Uniswap V3
BONE (Token) - Influenced by the launch of Shibarium L2 and congestion issues of cross-chain bridges, BONE, being used as the gas token for Shibarium, has experienced sharp price swings. It increased by 12.1% today, with an on-chain trading volume of US$5.01 million over the past 24 hours.
3.Blockchain Profile - BSC Chain
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 1,009,428
New active users on BSC: 152,658, with a daily increase of 2.19%
Existing active users on BSC: 856,770, with a daily decrease of 1.23%
3.1.2 New User Profile
Core data: There were a total of 152,658 new active users on BSC yesterday, with a daily increase of 2.19%
Popular Sectors
Popular Projects
Key Projects:
TinyTap (DApp) - A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). As a specific technology in the trading sector, Tiny Tap will participate in the ISTE Live23 conference and earlier established a US$10 million Global Educators Fund, gaining considerable interest in the community.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 856,770, with a daily decrease of 1.23%
Popular Sectors
Popular Projects
Key Projects:
RWT (Token) - RevaLink Wallet Token, rumored to be associated with a financial pyramid scheme promoted by hopingclub. It has on-chain liquidity of US$19.07 million and a 24-hour trading volume of US$6.48 million. The token price has experienced a continuous sharp decline after an initial rapid increase. There are 584,000 token holders on-chain, but the chips are overly concentrated, with the top 6 addresses holding 99% of the tokens. The risk is extremely high and participation is not recommended.
3.2 Popular Trading Pairs
3.2.1 PancakeSwap V2
Friend (Token) - An altcoin with Friendtech concept. Its price has dropped by 30.32% in the past 24 hours, with a daily trading volume of US$9.72 million. The contract carries risks such as anti-whale measures and potential mint function. The contract's owner holds 78.6% of the tokens, indicating an extremely high concentration, which poses a significant risk of insider trading. The token is not worth your attention. https://www.dextools.io/app/cn/bnb/pair-explorer/0x0f80d0b5c555dd5a2066acb3af1685074976c5e5
4.Blockchain Profile - Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 353,278
New active users on Polygon: 74,884, with a daily increase of 7.56%
Existing active users on Polygon: 278,394, with a daily increase of 2.14%
4.1.2 New User Profile
Core data: There were a total of 74,884 new active users on Polygon yesterday, with a daily increase of 7.56%
Popular Sectors
Popular Projects
Key Projects:
IndiCoin (Token) - This token is currently in the mint phase and conducting an airdrop. More than 42 million tokens have been minted, with over 110,000 unique holders. The token contract was created 48 days ago, indicating rapid development. No relevant Twitter or website information was found, suggesting it might have a specific regional focus.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 278,394, with a daily increase of 2.14%
Popular Sectors
Popular Projects
Key Projects:
Stargate (DApp) - Stargate is a liquidity transfer protocol and the core project of the LayerZero ecosystem. Currently, the number of unique addresses staking its STG token has reached 1.1 million, with over 40 million STG tokens being staked. Yesterday, Stargate announced its integration with the ConsenSys Layer 2 network Linea, enabling users to execute cross-chain asset transactions between networks supported by Stargate.
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
agEUR (Token) - agEUR is backed by Angle Protocol, a capital-efficient, decentralized, and over-collateralized stablecoin protocol. Recently, the launch of Angle's Transmuter product has been voted on Snapshot. After the vote passes, the price of agEUR will be unrelated to the trading price of EURUSD, allowing it to avoid any market risks brought about by USD depegging.
5.Blockchain Profile - Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Arbitrum Active Users: 147,682
Arbitrum New Active Users: 23,603, with a daily decrease of 18.68%
Arbitrum Existing Active Users: 124,079, with a daily decrease of 6.01%
5.1.2 New User Profile
Core data: There were a total of 23,603 new active users on Arbitrum yesterday, with a daily decrease of 18.68%
Popular Sectors
Popular Projects
Key Projects:
Moon Touch Symbol (Token) - A trending Move-to-Earn game with Japanese anime style, created by the renowned Tokyo-based illustrator, 豆の素 (@mamenomoto39). It has secured an investment of US$2 million from Longling Capital. The team consists of industry veterans with over 10 years of gaming experience, NFT professionals, and esteemed game artists and designers from Japan.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 124,079, with a daily decrease of 6.01%
Popular Sectors
Popular Projects
Key Projects:
Holograph (NFT) - Holograph is a full-chain NFT protocol allowing seamless transfer of NFTs between blockchains without the need for wrapping. LayerZero serves as the cross-chain messaging solution for Holograph, providing support for its operations.
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
Pendle (Token) - Binance Labs announced its investment in the DeFi yield protocol Pendle Finance. The PENDLE token surged by 20% shortly after the announcement but then retraced. In the previous week, Pendle's Ecosystem Fund transferred 5.02 million PENDLE to Binance, approximately US$2.98 million.
6.Blockchain Profile - Base Chain
6.1 User Profile
6.1.1 Core Data
Base Active Users: 135,526
Base New Active Users: 40,163, with a daily increase of 14.55%
Base Existing Active Users: 95,363, with a daily increase of 16.88%
6.1.2 New User Profile
Core data: There were a total of 40,163 new active users on Base yesterday, with a daily increase of 14.55%
Popular Sectors
Popular Projects
Key Projects:
Omnichain (NFT) - There have been over 4000 small ETH transfers on-chain, but specific NFT-related information hasn't been identified. The project might be in its initial operational stages, and continuous monitoring is advised.
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 95,363, with a daily increase of 16.88%
Popular Sectors
Popular Projects
Key Projects:
Friend.Tech (DApp) - Currently the most popular application on Base in the SocialFi sector. It tokenizes individual influence by allowing users to buy and sell "shares" of people. At the same time, Friend.Tech has been controversial due to privacy issues like "data breaches." Shares are the token that corresponds to influencers.
7. DApp Ecosystem - All Chains
Serious Dice (DApp) - A gambling-type mini-game platform with a very simple design. There is currently no associated information available on Twitter and other platforms, and no visitor data according to Similarweb. It is essential to observe its performance.
8.DApp Ecosystem - ETH Chain
The UAW of each project fluctuates within the normal range.
9.DApp Ecosystem - BSC Chain
Mobox shows significant seasonal fluctuations, while the UAW fluctuations of other projects are within the normal range.
10.DApp Ecosystem - Polygon Chain
The UAW fluctuation of each project is within the normal range.
11.DApp Ecosystem - WAX Chain
The UAW fluctuation of each project is within the normal range.
12.DApp Ecosystem - Solana Chain
The UAW fluctuation of each project is within the normal range.
13.DApp Ecosystem - Arbitrum Chain
Odos - The base number is too small, and the UAW change is not significant. The UAW fluctuation of each project is within the normal range.
14.DApp Ecosystem - Base Chain
The UAW fluctuation of each project is within the normal range.
15.DApp Ecosystem - GameFi Sector Across All Chains
The UAW fluctuation of each project is within the normal range.
16.Gas Fee Consumption - ETH Chain
Eigenworlds (NFT) - Eigenworlds is the latest NFT series released by Eigenlayer, which may potentially serve as the core operational identity token for Eigenlayer. Since the project offers Free Mint for the NFTs, users only need to pay the gas fee to obtain the corresponding NFT. Eigenlayer is seen as a potential dark horse in the future LSDFi landscape. Participation is recommended.
17.Gas Fee Consumption - BSC Chain
PancakeSwap (DApp) - The decentralized trading platform PancakeSwap has announced its expansion to the ConsenSys L2 network, Linea. Originally built on the BNB Chain, PancakeSwap had previously expanded to the Ethereum mainnet, Aptos, Polygon zkEVM, zkSync Era, and Arbitrum One.
18.Gas Fee Consumption - Polygon Chain
Galxe (DApp) - The largest on-chain task platform, Galxe recently introduced "Mission Web3," a Web3 course that includes reading materials, quizzes, and on-chain activities. Users can gain knowledge about wallets, tokens, Dex, cross-chain processes, and NFT trading. This week, Galxe continues to promote on-chain task activities, collaborating with projects like Quai Network and Taiko for new tasks.
19.Gas Fee Consumption - Arbitrum Chain
LayerZero (DApp) - LayerZero is a cross-chain protocol that facilitates communication between DApps deployed on different blockchains without the need for any intermediary chains or consensus mechanisms. LayerZero has passed more than 50 million messages between various chains, according to the latest official data.
20.Gas Fee Consumption - Base Chain
Friend.Tech (DApp) - The latest data from the friend.tech "Keys" price leaderboard shows: platform founder Racer ranks first with a price of 2.57 ETH; crypto trader L ranks second with a price of 2.40 ETH; crypto influencer Hsaka ranks third with a price of 1.68 ETH; NDV co-founder Christian2022.mid is currently fourth with a price of 1.60 ETH; crypto influencer Cobie ranks fifth with a price of 1.58 ETH.
21.Twitter Trends Token Top Rank
PEPE (Token) - The PEPE team's multi-signature address transferred 160 trillion PEPE tokens (equivalent to about $15.08 million) to four centralized exchanges. The PEPE multi-signature wallet's threshold was changed from 5/8 to just 2/8, meaning it only requires 2 out of 8 wallets to sign transactions. Information about PEPE's founder, Zachary Testa, was revealed by Not Larva Labs founder Pauly on Twitter. Following the team's sell-off, PEPE experienced a significant drop, breaking new lows.
22.Google Trends - Global
BONE (Token) - After the launch of Shibarium, the network faced a temporary outage. It has now resumed block production, with a new monitoring system and additional fault protection in place. Over the past 24 hours, BONE, which serves as the gas token for Shibarium, saw an increase of 14%.
23.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
a) South Asia Region
India Trending Tokens: RUNE
Pakistan Trending Keywords: Crypto Chart, Crypto Currency,
Crypto Trading Platform
b) Southeast Asia Region
Vietnam Trending Keywords: Crypto Investment, Crypto News
Thailand Trending Keywords: Cryptocurrency, Crypto Faucet
Philippines Trending Keywords: Crypto Arena, Crypto Investment
Indonesia Trending Keywords: Logo Crypto, Coinbase, Bybit, Luna
Singapore Trending Keywords: Coinhako, Crypto Wallet
c) East Asia and Hong Kong, Macau, and Taiwan
Japan Trending Keywords: XDC Virtual Currency, Cocos Virtual, WTK Virtual
24.Google Trends Surge - English-speaking Countries, Europe, CIS Region
a) CIS Region Trending Keywords: Crypto Bubbles, Crypto News, Arkham
b) English-speaking Countries
Canada Trending Tokens: SOL, HEX
USA Trending Tokens: SHIB, KOBE, BONE
Australia Trending Tokens: SHIB, LUNA, HIS
UK Trending Tokens: DYDX, OMI, XEN, ETH, RIO
c) Europe
Spain Trending Tokens: SOL, XRP, RUNE, THETA, BONE, TRX, SHIB
Germany Trending Keywords: Crypto queen, Crypto ag, Crypto news
France Trending Tokens: KMD, DCA, MAGIC, BONE
Italy Trending Tokens: BONE, SFP, ADA, SHIB
Turkey Trending Tokens and Keywords: Crypto Ai,
Crypto Market RSI, ETH, Coinpayu
25.Google Trends Surge - Middle East, Latin America, Africa
a) Africa
Nigeria Trending Keywords: Crypto Faucet, Crypto News
South Africa Trending Keywords: Moon, Coinmarketcap, Crypto Wallet
b) Middle East Trending Keywords: Crypto News, Crypto Bubbles
c) Latin America
Brazil Trending Tokens: TRX, Nucoin, BTC
Argentina Trending Keywords: Crypto Nexus
Mexico Trending Tokens: PEPE
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