Summary
- BLUB surged 214% compared to the previous day according to DexScreener, capturing investors' attention.
- El Salvador will remove Bitcoin from legal tender status from April 30 as directed by the IMF.
- Aave announced plans to buy back Aave tokens worth $1 million per week for the first six months as part of their tokenomics update.
According to the Token Mindshare Top Gainers (a metric that quantifies the influence of specific tokens in the virtual asset market) from Kaito, an AI-based Web3 search platform, the top 5 virtual asset-related keywords that people are showing the most interest in as of the 5th are BLUB, Avalanche (AVAX), International Meme Fund (IMF), THORChain (RUNE), and Aave (AAVE).
BLUB took the first place. This is a different meme coin BLUB than the one in the picture above. The meme coin BLUB was listed on the decentralized exchange (DEX) LFJ last night. As of 1:55 PM today, BLUB has surged 214% according to DexScreener compared to the previous day, seemingly capturing all the attention amid the bearish market.
Avalanche, the ecosystem where the meme coin BLUB was created, took second place. As the meme coin BLUB gained significant attention, Avalanche, BLUB's layer 1 network, also received attention by association.
International Meme Fund took third place. This is not because International Meme Fund (IMF) itself became a hot topic, but because mentions of the International Monetary Fund (IMF) increased, causing the International Meme Fund, which shares the same abbreviation, to rank on the list. Today, the IMF placed restrictions on Bitcoin (BTC) purchases for El Salvador, which had recognized Bitcoin as legal tender, amplifying investors' concerns. Specific IMF directives include: ▲ removing Bitcoin from legal tender status from April 30, ▲ prohibiting the government from accepting Bitcoin as a payment method from April 30, ▲ not accumulating Bitcoin, ▲ stopping public mining, ▲ disclosing Bitcoin holdings, and ▲ terminating the Bitcoin application Chivo by the end of June.
THORChain took fourth place. Interest in THORChain has been amplified by news that hackers who had hacked Bybit have now completed laundering 99% of the stolen Ethereum into Bitcoin through THORChain.
Finally, Aave took fifth place. Aave strengthened investor sentiment by proposing a tokenomics update last night. Aave stated, "We have high revenue and hold a lot of cash" and announced "plans to update tokenomics." Specifically, they proposed buying back Aave tokens worth $1 million per week for the first six months of the update and establishing an Aave Finance Council.
Investors also showed interest in PAIN, Go Plus Securities (GPS), Arbitrum (ARB), Bitcoin (BTC), and USDC.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
