BitMart Research Institute Weekly Hotspot Analysis: Celebrities Enter the Market to Issue Tokens, SOL Hits All-Time High
With Trump and his family launching the tokens "TRUMP" and "MELANIA," the celebrity token sector has seen a surge in popularity, with heightened speculative sentiment. Nasdaq, Rus, and the President of Brazil have all entered the market, while Solana has performed strongly, with both its price and TVL reaching new historical highs.
January 17, 2025 --- January 24, 2025
I. Market Dynamics Review
Total cryptocurrency market capitalization:
- Total market cap reached $3.54 trillion, stabilizing overall compared to last week, with positive market sentiment.
ETF net inflow:
BTC ETF net inflow this week: $1.009 billion
ETH ETF net inflow this week: $130.2 million
Fear and Greed Index:
- This week's index is 61 (Greed), rebounding further from last week's 57, indicating a recovery in market investment confidence.
Mainstream coin performance:
BTC: $103,207.12 (+1.72%) This week broke through recent highs, reaching a peak of $109,702.5
ETH: $3,299.82 (-2.52%), price continued to consolidate this week, showing slightly weaker performance
BMX: $0.2882 (-3.69%), rebounded after a drop, with increased trading activity
II. Hot Market Analysis
1. U.S. Market:
Driven by the overall rise of the three major U.S. stock indices, the cryptocurrency market remained stable, with the S&P 500 index hitting a new high, further invigorating market activity.
2. Cryptocurrency Market:
Bitcoin (BTC): Continues to show resilience, with bulls dominating this week, pushing prices to new highs.
Ethereum (ETH): Based on this week's trading volume, capital inflow appears slightly weak, with a balance between bulls and bears in the market.
Other market hotspots:
Solana performed strongly, with both price and TVL hitting historical records.
III. This Week's Hot Coins
TRUMP: Increased by 406.24%, significantly retraced after reaching a peak.
RAY: Increased by 40.86%, with a notable rise in recent trading volume.
XCN: Increased by 363.3%, with a significant increase in community activity.
VTHO: Increased by 108.47%, with a notable rise in on-chain trading volume.
VINE: Increased by 320.05%, pulled back after a surge, with strong support from on-chain data.
IV. Hot Sector Analysis
Celebrity Tokens:
- With Trump and his family launching tokens "TRUMP" and "MELANIA," the celebrity token sector has exploded in popularity, with heightened speculative sentiment. Nasdaq, Rus, and the Brazilian president have all entered the market, but the celebrity token sector is highly volatile, with high returns mainly concentrated among early on-chain large holders.
AI Agents:
- AI agents rebounded significantly and stabilized, with some tokens like Virtuals, AIXBT, and ARC seeing weekly increases of over 50%.
WLFI Fund:
- The Trump family fund WLFI purchased over $50 million in tokens, including ETH, BTC, AAVE, LINK, TRX, and ENA, further stimulating market interest.
V. Market Hot News
The Trump family enters the cryptocurrency space, issuing tokens and acquiring mainstream coins.
Solana's price and TVL hit new highs.
The Bank of Japan raises interest rates by 25 basis points.
VI. Conclusion
This week, the market is in a continuous rebound phase, with mainstream coins and hot coins taking turns in performance, and sentiment extending from cautious optimism to greed. Attention should be focused on the Federal Reserve's policy direction and further capital flows in the market.
Data source: BitMart, Coinmarketcap, Aicoin
BitMart Research Institute
The BitMart Research Institute focuses on research and analysis in the digital asset field, aiming to provide users with in-depth market insights and interpretations of cryptocurrency industry trends.
Disclaimer: This content contains third-party opinions and does not guarantee accuracy. It is for analytical reference only and does not constitute any investment advice.
