Key Market Intelligence on October 24th, how much did you miss out on?
Top News
1. x402 Protocol Token PING Surpasses $32 Million Market Cap, 24-hour Surge of 802%
2. Base Ecosystem Tokens See Uptrend, PING, CLANKER, and VIRTUAL Lead in Popularity
3. Jupiter to Launch New ICO Platform, First Project to Start in November
4. Binance Alpha to List APRO(AT), Phase One Airdrop Threshold at 220 points
5. CLANKER Market Cap Exceeds $36 Million, Nearly 50% Surge in 24 hours
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
Here is the Chinese-to-English translation of the original text:
[MET]
MET has rapidly become a market focus due to its listing and active trading. The token has now landed on multiple exchanges such as OKX, Bybit, KuCoin, with a market cap of approximately $6.7 billion. The community is generally optimistic about its innovative liquidity pool technology and active community support. However, some voices are also concerned about its founder facing a class-action lawsuit for alleged "pump and dump" activities. Despite the controversy, the overall market sentiment remains positive, with many users celebrating the airdrop and looking forward to the project's future development.
[HYPERLIQUID]
Decentralized exchange platform Hyperliquid (token $HYPE) sparked discussions by listing on Robinhood—Robinhood's move to list ahead of Coinbase and Binance is seen as a strategic action. In addition, Hyperliquid Strategies Inc. has submitted a $1 billion funding application, with the market speculating that it may be used to increase holdings of $HYPE, further boosting its popularity. The platform's innovative DeFi integration, as well as the dynamics of whales depositing USDC and leveraged shorting BTC, have also fueled discussion. The overall sentiment is positive, with the market having confidence in its long-term growth.
[MEGAETH]
MEGAETH has become a central topic of discussion due to its upcoming ICO and Token Generation Event (TGE). The market is paying attention to its innovative mechanisms such as "Sequencer Rotation" and "Proximity Markets," aiming to achieve low latency and value capture. Its token sale adopts an English auction format, with an estimated valuation of 50 billion USD (based on Hyperliquid's presale data). However, some people have raised concerns about its transparency and fundraising allocation. Nevertheless, many still see it as a potential project and compare it to Ethereum, discussing its potential impact on the crypto ecosystem.
[MONAD]
MONAD's mainnet is about to launch, accompanied by an airdrop, making it a hot topic today. Discussion focuses on the ecosystem deployment on the mainnet, comparison with MegaETH, and the development expectations of new DApps. The community is also watching its presale valuation and strategic partnerships, seen as essential drivers of future innovation and growth.
[BNB]
BNB's trading activity has significantly increased as CZ receives a pardon from Trump. The market widely views this as a significant positive for BNB and the broader crypto market. Additionally, BNB has been listed on Coinbase and Robinhood, further boosting capital inflows and sentiment. The BNB community is also looking forward to the ongoing hackathon and the launch of new trading features, believing that these initiatives will help expand BNB's global influence and utility.
Featured Articles
Stablecoins are undergoing a narrative transition from a medium of exchange in the crypto market to a core component of global payment infrastructure. Recently, BlockBeats had an in-depth conversation with Stable CEO Brian Mehler, discussing their technical architecture choices, ecosystem partnership strategies, their collaborative relationship with Tether, response to global regulatory trends, and the practical logic of stablecoin's enterprise-side applications, attempting to portray the true picture of this "underrated" stablecoin chain.
2. "Like the 30x Big Golden Dog of Inscriptions, what is the x402 Protocol?"
Yesterday, a special Gold Dog was born on Base, and it is $PING. Based on the cost of minting and the current coin price, a successful Mint results in approximately 18x gains. What sets $PING apart is that its minting process is reminiscent of the inscription from 2 years ago. The cost of minting $PING once is about $1, and if successful, you can receive 5000 $PING. The minting page for $PING is similar to the inscription from years past, lacking a fancy frontend and giving off a more hardcore vibe.
On-chain Data
On-chain fund movement on October 24th

You may also like

February 9th Market Key Intelligence, How Much Did You Miss?

After being questioned by Vitalik, L2s are collectively saying goodbye to the "cheap" era
WEEX AI Trading Hackathon Paris Workshop Reveals: How Retail Crypto Traders Can Outperform Hedge Funds
Witness how WEEX's Paris AI Trading Hackathon revealed AI's edge over human traders. Explore key strategies, live competition results & how to build your own AI trading bot.

U.S. Oil (USOR) Price Prediction 2026–2030
Key Takeaways U.S. Oil (USOR) is a speculative Solana-based crypto project that aims to index the United States…

USOR Surges on Meme Narrative Despite No Real-World Asset Backing
Key Takeaways: USOR, a Solana-based token, has seen a notable surge driven by speculative narratives rather than verifiable…

How to Buy U.S. Oil Reserve (USOR) Cryptocurrency
Key Takeaways U.S. Oil Reserve (USOR) is a Solana-based token primarily traded on decentralized exchanges (DEXs). Claims have…

USOR vs Oil ETFs: Understanding Why the ‘Oil Reserve’ Token Doesn’t Track Crude Prices
Key Takeaways The U.S. Oil Reserve (USOR) token has become noteworthy for its claims, yet it does not…

Trend Research Reduces Ether Holdings After Major Market Turbulence
Key Takeaways: Trend Research has significantly cut down its Ether holdings, moving over 404,000 ETH to exchanges recently.…

Investors Channel $258M into Crypto Startups Despite $2 Trillion Market Sell-Off
Key Takeaways: Investors pumped approximately $258 million into crypto startups in early February, highlighting continued support for blockchain-related…

NBA Star Giannis Antetokounmpo Becomes Shareholder in Prediction Market Kalshi
Key Takeaways: Giannis Antetokounmpo, the NBA’s two-time MVP, invests in the prediction market platform Kalshi as a shareholder.…

Arizona Home Invasion Targets $66 Million in Cryptocurrency: Two Teens Charged
Key Takeaways Two teenagers from California face serious felony charges for allegedly attempting to steal $66 million in…

El Salvador’s Bukele Approval Reaches Record 91.9% Despite Limited Bitcoin Use
Key Takeaways: El Salvador President Nayib Bukele enjoys a record high approval rating of 91.9% from his populace,…

Crypto Price Prediction for February 6: XRP, Dogecoin, and Shiba Inu’s Market Movements
Key Takeaways: The crypto market experienced a notable shift with Bitcoin’s significant surge, impacting altcoins like XRP, Dogecoin,…

China Restricts Unapproved Yuan-Pegged Stablecoins to Maintain Currency Stability
Key Takeaways: China’s central bank and seven government agencies have banned the issuance of yuan-pegged stablecoins abroad without…

Solana Price Prediction: $80 SOL Looks Scary – But Smart Money Just Signaled This Might Be the Bottom
Key Takeaways Despite Solana’s descent to $80, some traders find security as smart money enters the fray, suggesting…

XRP Price Prediction: Major Ledger Upgrade Quietly Activated – Why This Could Be the Most Bullish Signal Yet
Key Takeaways: The activation of the Permissioned Domains amendment on XRPL represents a significant development in XRP’s potential…

Dogecoin Price Prediction: Death Cross Confirmed as DOGE Falls Below $0.10 – Is DOGE Reaching Zero?
Key Takeaways The death cross event signals potential bearish trends for Dogecoin as its price dips under $0.10,…

Stablecoin Inflows Have Doubled to $98B Amid Selling Pressure
Key Takeaways Stablecoin inflows to crypto exchanges have surged to $98 billion, doubling previous levels amidst heightened market…
February 9th Market Key Intelligence, How Much Did You Miss?
After being questioned by Vitalik, L2s are collectively saying goodbye to the "cheap" era
WEEX AI Trading Hackathon Paris Workshop Reveals: How Retail Crypto Traders Can Outperform Hedge Funds
Witness how WEEX's Paris AI Trading Hackathon revealed AI's edge over human traders. Explore key strategies, live competition results & how to build your own AI trading bot.
U.S. Oil (USOR) Price Prediction 2026–2030
Key Takeaways U.S. Oil (USOR) is a speculative Solana-based crypto project that aims to index the United States…
USOR Surges on Meme Narrative Despite No Real-World Asset Backing
Key Takeaways: USOR, a Solana-based token, has seen a notable surge driven by speculative narratives rather than verifiable…
How to Buy U.S. Oil Reserve (USOR) Cryptocurrency
Key Takeaways U.S. Oil Reserve (USOR) is a Solana-based token primarily traded on decentralized exchanges (DEXs). Claims have…