PEPE, BONK, FLOKI, PEOPLE, SHIB, WIF - all down by at least 34% from their peak

March 19, 2024

I. Mainstream exchange news

• Coinbase will suspend trading of UNFI on April 2nd.
• Coinbase adds Arkham (ARKM) to its listing roadmap.
• Coinbase plans to list Akash Network (AKT).
• OKX will delist USDT trading pairs in Europe, media reports say.
• Binance launches ETHFI/USDT perpetual contracts with up to 50x leverage.
• Bitget Wallet launches its platform token and introduces a BWB Points airdrop plan.
• Binance Futures will launch USDC-margined AVAX perpetual contracts, with up to 75x leverage.
• Binance sets $5 million reward for reporting corruption, promising anonymity for whistleblowers.

II. Mainstream projects and trending events

• SLERF founder said they are looking for a trustworthy third party to establish a donation wallet, hoping to raise enough funds to refund presale participants.
• Nvidia introduces the new generation AI chip GB200, based on Blackwell GPU architecture.
• Grayscale GBTC experienced an outflow of $643M on March 18th, its largest single-day outflow so far.
• Fidelity submits an amendment to the SEC, applying to add pledges to the Ethereum spot ETF.
• Grab's payment application, GrabPay now supports cryptocurrency recharge.
• WorldCoin clarified that they operate within legal boundaries at all their service locations and affirmed their commitment against trading iris biometric data.
• Binance announced that the cumulative value of assets it manages on behalf of users has crossed $100 billion.
• The number of Indonesian cryptocurrency investors increased to 19 million, with a trading volume reaching $192 million.

III. Funding news

• Figure Markets completes a $60 million Series A funding round, led by Jump Crypto, Pantera Capital.
• Blockchain payment company Zone closes an $8.5 million seed funding round.

IV. Regulatory news

• Crypto-friendly Representative French Hill seeks to lead the US House Financial Services Committee.

IV. Popular projects 

Memecoin track 

The majority of memecoins are currently in a period of market correction. This has led to a rapid rotation of capital within this space, which is subsequently affecting profitability. The presale model on Solana has significantly reduced the time for tokens to peak, now just a few hours compared to 1-3 days. However, persistent FOMO behavior among users increases the risk of losses. Investors are advised to be cautious of risks. Currently, the retracement situations for several leading memes are:

PEPE: Down 40% from its peak, with a 5-day adjustment;

BONK: Down 53% from its peak, with a 5-day adjustment;

FLOKI: Down 41% from its peak, with a 6-day adjustment;

PEOPLE: Down 50% from its peak, with a 5-day adjustment;

SHIB: Down 43% from its peak, with a 15-day adjustment;

WIF: Down 34% from its peak, with a 4-day adjustment;

BOME: Down 68% from its peak, with a 3-day adjustment;

SLERF: Down 53% from its peak, with a 1-day adjustment.

Bittensor (TAO) will announce its roadmap this week

On March 17th, the Opentensor Foundation tweeted that it will release the Bittensor roadmap on March 21st. The main plans include expanding Bittensor beyond the root network, implementing sudo governance, and adopting the PoS mechanism. Currently, TAO has a market capitalization of $4.5 billion, ranking 28th in market cap. It is a leading project in the AI track and has shown a strong price performance during the recent market corrections.

LIME has over 1 million downloads

LIME is a multifunctional client supported by API Telegram. It features a variety of tools, artificial intelligence, a crypto wallet, and blockchain. It has been downloaded over 1 million times from the Google Store. Recently, the LIME token has experienced significant fluctuations, rising more than 10 times from its lowest point, with a market cap reaching $50 million.

VCX soared over 50% in the last 24 hours

VaultCraft is a DeFi yield optimization protocol with customizable asset strategies. Users can instantly convert cryptocurrencies from any chain to the highest-yielding products in DeFi with a single click. It is designed so that users without coding experience can deploy automated yield strategies and profit from them. The platform launched free mint NFT on March 13th. Once users mint NFTs and participate in using the product, they can earn XP points. Additionally, NFTs can be upgraded to enhance the ability to earn points. In the future, these points will be converted into token airdrops. Recently, the VCX token has been continually hitting new highs. Currently, it has a market cap of $47.04 million, ranking 749th in market cap.

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