[Today's Global Hot Coins] Poly Hedera Network, Solana, Bybit and More

Uk Jin

Summary

According to Kaito’s Token Mindshare top gainers, Poly Hedera Network (ZKJ), Bybit, and Binance Coin (BNB) have attracted investor attention after becoming involved in a recent crash.
Solana (SOL) drew investor interest with a 6.84% rise despite a stagnant market, amid optimism over a spot Exchange-Traded Fund (ETF).
Loud (LOUD) also spiked by 13.82%, garnering investor interest, while there is also increased attention toward various projects such as Tether (USDT) and Ethereum (ETH).

According to Token Mindshare—an indicator quantifying the influence of specific tokens in the crypto market—by the AI-powered Web3 search platform Kaito, as of the 16th, the top five crypto-related keywords attracting the most attention are Poly Hedera Network (ZKJ), Solana (SOL), Bybit, Loud (LOUD), and Binance Coin (BNB).

First, Poly Hedera Network, Bybit, and Binance Coin, ranked 1st, 3rd, and 5th, reached these positions after becoming involved in the Poly Hedera Network crash on this day. As of 12:48 p.m. on the same day, Poly Hedera Network is recording a sharp drop of 82.67% from the previous day at $0.3418.

Poly Hedera Network is a newly-listed coin on Binance’s Alpha listing project. Among Binance Alpha projects, Poly Hedera Network is considered the most promising crypto asset for earning Alpha Points, and among investors, it had earned the nickname “Binance’s stablecoin.” However, after Tether liquidity for 48ClubToken (KOGE) was depleted the day before, traders began swapping 48ClubToken for Poly Hedera Network, triggering intraday crashes in both tokens.

As the situation deteriorated, Bybit delisted Poly Hedera Network futures trading, putting an end to the episode.

Solana, which ranked 2nd, drew investor attention by rising alone in a stagnant market. At the same time, Solana is trading at $155.71, up 6.84% from the previous day. It is analyzed that increased expectations for a Solana spot Exchange-Traded Fund (ETF) have led to rising token prices. According to foreign reports, the seven asset management firms applying to list a Solana spot ETF amended and submitted their securities registration statements (S-1) to the SEC on the 13th. James Seyffart, a Bloomberg analyst, commented, “The documents submitted by asset managers included staking-related content,” and predicted, “The Solana ETF will only be released if the SEC allows staking functionality.”

Loud, in 4th place, also recorded a sharp surge that day, drawing investors’ attention. As of now, Loud is trading at $0.001706, up 13.82% from the previous day.

Additionally, investors are also showing interest in projects such as Tether (USDT), Coinbase, Ethereum (ETH), Augur (REP), and Monad (MONAD).