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The BNB Chain liquidity competition is in full swing: the Meme sector is leading strongly, and the daily trading volume of BSC DEX has topped the entire network for two consecutive days

ChainCatcher news, according to GMGN data, the ongoing $4.4 million liquidity support program for BNB Chain's second round competition weekly ranking shows significant pattern differentiation. Currently, among the top 50 projects, the Meme sector occupies half of the seats with 22 entries, followed by AI (7), DeFi (6), and gaming (3).The trading volume dimension shows a two-tier differentiation trend, with Meme projects contributing 72.52% of the absolute share, among which 59% of Meme project tokens have increased by over 20%. The DeFi sector ranks second with a 14.61% share, with more than 60% of projects achieving over 20% growth. The AI sector contributes 1.75% of the trading volume, while the DeFi derivatives field accounts for 8.67%. Notably, among the top 50 participating projects, 24 have achieved over 20% growth during the competition period, with some assets experiencing nearly a hundredfold increase in a single day.Additionally, according to DeFilama's monitoring on March 18, the 24-hour trading volume of BSC ecosystem DEX reached $2.544 billion, surpassing Ethereum ($1.348 billion) to top the public chain DEX trading leaderboard.The second round of the liquidity incentive program is currently in full swing, and the latest developments of various early projects on BSC can be captured through official channels.

Analyst: The buying power of high-positioned addresses for ETH in this round has been exhausted, and a strong rebound may require the market to re-establish consensus

ChainCatcher news reports that on social media, on-chain data analyst Murphy published statistics stating that the cost basis for ETH accumulated from January to February 2025 is roughly between $3,200 and $3,500. A cluster of addresses has been intensively accumulating at $3,475, totaling 1.66 million ETH. This group did not sell during the drop of ETH to $1,900 and instead added to their positions, currently holding 1.94 million ETH with a reduced cost basis of $3,150.Additionally, the cost basis for the chips accumulated in mid-February 2025 is approximately between $2,600 and $2,800. This group started to cut losses as the ETH price fell below $2,300, and currently, only the chips at $2,800 and $2,630 remain unchanged, holding 1 million and 850,000 ETH respectively.As the price of the coin continues to decline, new demand for ETH has gradually weakened, especially after the price fell below $2,000, where data shows there is almost no new purchasing power.Murphy explains that the high-position trapped chips, after a series of self-rescue replenishments, now seem to have exhausted their purchasing power; the current price of $1,850 is the cost price for large holders who accumulated two years ago. When the price drops to this level, they start to replenish (buying back parts sold at high positions to average down costs), thus forming a support effect. If this price level cannot provide support, the decline may reach $1,600 and $1,250, which are the "remaining support levels from three years ago's accumulation."From the overall behavior of current investors, the most important factor is still the reconstruction of consensus on ETH's value. If an effective consensus cannot be formed, the currently trapped chips at high positions of $2,630 (850,000), $2,800 (1 million), and $3,150 (1.945 million) will all become significant obstacles on the path to recovery.
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