Summary
- Based on Kaito's Token Mindshare Top Gainers, MemeX (MEMEX) and Kaito (KAITO) received the highest level of global market interest.
- It was noted that the surge in attention toward MemeX and Kaito was largely due to the launch of Kaito's Yapper leaderboard and a rise in related posts.
- USDC’s investor sentiment has dampened due to the issuer Circle's steep fall on the New York Stock Exchange and intensifying stablecoin market competition.
According to the Token Mindshare Top Gainers of the AI-based Web3 search platform Kaito (a metric that quantifies the influence of specific tokens in the virtual asset market), as of the 28th, the top 5 most-watched virtual assets are MemeX (MEMEX), Kaito (KAITO), Sonic (S), Ethos Network (ETHOS), and USDC.
Rank 1 and 2 are occupied by MemeX and Kaito. This is attributed to the launch of Kaito's Yapper leaderboard for MemeX. Many investors posted about MemeX and Kaito as part of Yapping point farming, propelling them to the top tier of globally trending coins.
Similarly, third place Sonic is also experiencing a surge in mentions after being featured on Kaito's Yapper leaderboard.
Fourth is Ethos Network. Ethos Network is a platform where users can leave reviews, build reputations, and provide endorsements for Web3 projects. On this day, Ethos Network drew attention by adding the Abstract Chain leaderboard to their platform.
Fifth place goes to USDC. This is attributed to issuer Circle’s steep decline on the New York Stock Exchange. Overnight, Circle closed at $180.43, down 15.54% from the previous day on the New York exchange. Heightened competition in the stablecoin (virtual assets pegged to legal tender) market appears to have weakened investor sentiment.
Other coins climbing the upper ranks include Morpho (MORPHO), Fantom (FTM), Pendle Finance (PENDLE), Uniswap (UNI), and Skate (SKATE).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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