News linked to both this project and an event.
NFT whale Pranksy posted on X claiming that "BAYC has ruined NFT." The underlying technology was overshadowed by image-based projects like BAYC, causing the public to ultimately equate NFTs with "the ape project," followed by years of numerous copycat projects emerging in the market. Addressing this, BAYC co-founder Greg Solano responded that Pranksy had sold a BAYC asset that could have been worth $500 million for merely millions of dollars while continuing to promote numerous "copycat projects." She had founded several NFT-related companies, but these have now been removed from her profile. Solano also angrily retorted, "Either become the change you wish to see, or enjoy the wealth brought by BAYC."
Crypto trader Ansem stated that frequently trading based on short-term candlesticks can easily lead to overtrading. Investors should manage their spot, perpetual contract, and high-risk on-chain trading accounts separately, while continuously seeking out temporarily strong altcoins. He believes that revenues for certain altcoins in this cycle may rise in tandem with price increases, and improved fundamentals could drive sustained institutional buying.
Odaily News: According to on-chain tracking platform Lookonchain, a wallet tagged as an Andrew Tate-linked address transferred 20,950 HYPE, worth approximately $1.87 million, to Binance on October 2.The wallet purchased 122,826.9 HYPE at an average price of $4.48 on November 29, 2024, investing approximately $550,000; it sold 41,430 HYPE within two days, with most of the remainder used for staking.Lookonchain estimates that this address's HYPE holdings have generated a cumulative profit of $7.24 million, representing a return rate of 1317%. The address still holds 42,417 HYPE, valued at approximately $3.7 million at the time based on the then-current price. (Bitcoin.com News)
Crypto analyst Darkfost stated in a post that over the past decade, the amplitude of Bitcoin price fluctuations around the "Power Law" trendline has been gradually decreasing, with market cycle volatility trending toward convergence. The oscillator index peak has declined from +169 in 2018 to +102 in 2025, while its daily change standard deviation has fallen from 4.81 to 2.47, representing a drop of approximately 49%. Darkfost added that as of October 3, the model’s oscillator index stood at +34.5, with Bitcoin trading at approximately $84,700. Based on that day's model parameters, an oscillator index reaching +100 would correspond to a Bitcoin price of roughly $157,800, which is about 86% higher than the current price. He also noted that $157,800 is not a fixed target price, but rather a reference level calculated based on current regression parameters. If the Power Law trendline continues to rise in the future, this reference level will increase accordingly.
Odaily News: Bloomberg ETF analyst Eric Balchunas stated that based on market valuations disclosed by mutual funds holding Anthropic, Anthropic's valuation has grown 22x since June 2024, roughly 10 times the increase of the Nasdaq 100 Index and Nvidia. Fidelity has the largest exposure to Anthropic, followed by CapGrp and BLK; due to the relatively low weighting of these holdings, mutual funds have only benefited marginally from Anthropic's valuation growth.
Odaily Report: CZ posted a meme on the X platform this morning with the caption "Soon....", and also forwarded a bullish tweet about BNB Chain, which stated that tokenized U.S. stock assets have already been put on-chain, and that BNB Chain is one of the major participants, with advantages including low Gas fees, roughly 0.45-second block times, over 2 million daily active users, and approximately 17 million daily transactions, based on which it argued that BNB Chain will become a market focus in 2026.In response, well-known trader Bonk Guy said CZ is very likely hinting at a potentially explosive "BNB szn" rally, and also said that users should not claim later, when the market starts heating up, that they had not been given a heads-up, adding that "the hint has already been given, you just did not notice it."
Odaily News: Blockworks analyst Shaunda Devens posted on X that Polymarket's current FDV valuation of approximately $1.5 billion for Variational is somewhat overly optimistic. This pricing directly applies Hyperliquid and Lighter-level valuation-to-revenue multiples to a platform that still relies on points subsidies. By comparison, the median first-day "FDV / annualized revenue" ratio for recently launched Perp DEX tokens is only 6.3x (Variational is currently around 57x), and within the first month after TGE, trading volume typically drops sharply by a median of 54%.Shaunda added that if conservative assumptions based on historical precedents are adopted (using the median first-day "FDV/annualized revenue" ratio of 6.3x), Variational's fair valuation would be only $167 million, corresponding to a points price of $4.8–$5.4. Even using the highest recent ratio precedent (Lighter's approximately 21.1x), its valuation would still only be about $558 million, corresponding to a points price of $16–$18.However, Shaunda also explained: "To be clear, given that current market risk appetite is clearly in a Risk-on state, we do not believe Variational's valuation at TGE will fall to the extremely conservative range mentioned above. These historical multiples are listed to illustrate that current pre-market OTC pricing may be overly optimistic."
According to on-chain analyst Ai Yi, a smart money address (0x54e...a3F41) withdrew 133,000 VVV worth $4.14 million from Flowdesk 3 hours ago. This address apparently took profit of $588,000 two weeks ago, and currently holds 233,337 VVV worth $7.45 million, with an unrealized gain of $2.128 million based on an average withdrawal price of $22.78.
Odaily News: According to an MSX announcement, MSX has completed the current cash dividend distribution for 16 US stock and ETF tokenized assets, including Bank of America (BAC), BlackRock (BLK), UnitedHealth (UNH), and Lockheed Martin (LMT), covering the relevant assets with execution dates from September 19 to September 27, 2026. Dividends are settled based on the user's eligible holdings at the corresponding record time. The actual distribution amount is calculated by multiplying the recorded holdings by the per-share dividend amount. The system has automatically distributed the dividends to eligible user accounts, and users do not need to claim them. Users can check the crediting records in the MSX App/Web under "Assets — Deposit — Deposit History." The actual credited amount and records are subject to what is displayed on the account page.
Odaily reports: Several partnership plans previously announced by the Trump family's crypto project World Liberty Financial have yet to materialize, including having Aave support its lending market, using Ethena's stablecoin as collateral, and bringing tokenized U.S. Treasuries and equities onto the World Liberty platform through Ondo.According to Nansen and Arkham data, the "strategic token reserve" previously established by World Liberty has also undergone significant changes, with most of its holdings of LINK, AAVE, ENA, and MOVE subsequently transferred or disposed of, and some assets moved into centralized exchange accounts. Nansen analysis shows that after World Liberty's token purchases were detected on-chain, the relevant tokens typically rose 10% to 26% within a day, but most of those gains failed to hold.World Liberty stated that the company continuously adjusts its strategy based on market changes and business priorities, and emphasized that it has no connection to decision-making by the Trump administration. (Bloomberg)
According to monitoring by on-chain analyst Alpha Malik (@AlphaByMalik), Binance Wallet today launched the Pre-Access feature sponsored by PancakeSwap, allowing users to gain indirect exposure to trending projects prior to potential listings. On-chain data indicates that Binance Alpha may list the Paimon Polymarket SPV Token ($pPOLY) at 09:00 UTC on September 24, which could become the first project launched through Pre-Access. Contract address: 0x1d80392d12caaaf9e333bb0bb7f021eacf297fe6. This information is based solely on on-chain data and has not been officially confirmed; please follow official announcements from Binance Wallet and Binance Alpha.
According to CoinDesk, a Gnosis Safe wallet on Ethereum was attacked, with approximately 2,900 rsETH (valued at around $7.8 million) transferred. Security firms BlockSec, Blockaid, and SlowMist pointed out that the root cause of the attack lies in an authorization check flaw within the wallet-approved Multicall contract—the contract is intended to verify caller permissions, but the vulnerability allows anyone to bypass validation simply by targeting the contract itself. The attacker subsequently moved the rsETH into a liquidity pool based on the valueless token "Permissionless Attacker Token." An automated bot named "yoink" paid approximately $47,000 to frontrun the transaction, transferring 2,882 rsETH to a separate address. rsETH issuer Kelp DAO stated that its smart contracts are secure and rsETH is fully collateralized, and has implemented a 24-hour pause measure on the relevant addresses.
CoinEx founder Yang Haipo posted on X regarding the shutdown and orderly wind-down of CoinEx, stating that CoinEx's asset reserve ratio currently exceeds 100%, and all user assets are fully backed by sufficient reserves and can be withdrawn normally.Regarding the reasons for the shutdown, Yang Haipo stated that CoinEx had been operating for nine years but ultimately failed to become an industry-leading exchange, while the security and compliance risks of operating a crypto exchange have become increasingly difficult to control. "Revenue can decline, but responsibility will not diminish. Taking on unlimited risk for limited revenue is no longer a rational choice."Yang Haipo also revealed that he had seriously considered selling CoinEx but ultimately decided against it. He stated that users entrusted their assets to CoinEx based on trust in the platform and, in many cases, in him personally, and therefore believed that handing over the platform and that trust to a new owner was not the right way to end this journey. In addition, CoinEx will ensure that users can withdraw their full balances and will buy back CET at unlimited quantities at its initial listing price of 0.005 USDT/CET.
Odaily News: Crypto trader Bonk Guy posted on X platform responding to recent controversy surrounding his purchase of EMBER and explaining his position-building logic. Bonk Guy stated that he first noticed the project when EMBER's market cap was around $3 million but did not buy in. After observing for a day, he revisited his research due to the platform's rapid data growth and bought in from around a $7 million market cap all the way up to a $20 million market cap.Bonk Guy said that EMBER is a major Launchpad built on Meteora, supporting SOL, USDC, and over 150 tokenized stocks as pairing assets for token issuance. It utilizes Meteora Dynamic Bonding Curve technology and offers features such as token fee distribution, Daily Jackpots, and DAO governance.According to his disclosure, Ember has recorded approximately $51.7 million in trading volume, $561,000 in fees, and has cumulatively issued 2,041 tokens within 3 days of launch, with over 41,800 unique holder addresses and 149,000 Solana transactions. BonkGuy compared his Ember purchase to his previous PONS trade, noting that he first saw PONS when its market cap was below $1 million, similarly ignored it for a full day, and then started buying at around a $4 million market cap. Rather than whether a trending token has already emerged, what matters more is observing the real usage data underlying the Launchpad.Additionally, Bonk Guy stated that both Robinhood Chain and BNB Chain have multiple successful Launchpads, while Solana's Meme trading ecosystem has been developing for a longer time, so there is no reason to believe that Solana can ultimately only accommodate one successful Launchpad. He also stated that his trades are not based on market consensus. Some of his most successful trades in the past often came from discovering opportunities before the market formed a consensus; by the time everyone agrees, the asymmetric upside potential has usually already been significantly reduced.Regarding the recent controversy, Bonk Guy said that the claim of "EMBER having over 50% Bubblemaps address clusters" has been clarified by Bubblemaps; his earlier statement that Ember was "launched by Meteora" was also inaccurate—a more precise description is that Ember is built on Meteora-related infrastructure and has now been listed on Meteora's ecosystem page. Bonk Guy emphasized that he has no relationship with the Ember team, and EMBER is a personal trade for him.
Odaily News: DeFi researcher Ignas posted on X platform stating that current stock and Meme coin narratives essentially depend on trading volume and transaction fees to function. If trading volume dries up, rewards and buybacks will also disappear, thereby weakening token-holding incentives and ultimately leading to sell-offs.He cited examples: STONK, PONS, and CASHCAT all use platform fees for token buybacks or burns; INDEX uses transaction fees to purchase tokenized stocks; ZCAT funds ZEC rewards through transaction taxes. Additionally, SHROOM reinvests fees generated by the LP network back into liquidity.Ignas used Coinbase's previous cycle as an example, noting that its quarterly trading volume dropped from $547 billion in Q4 2021 to $145 billion a year later, a decline of approximately 74%, and pointed out that Meme coin trading volume could see an even more pronounced drop after the hype fades. Therefore, directly extrapolating these projects' annual revenue or yield rates based on current high trading volume and fee levels may overestimate their sustainability.
Jiang Zhuo'er stated that after Bitcoin just experienced a decline, he observed the Coinbase premium turn negative and continue to widen, thus predicting potential outflows from Bitcoin spot ETFs the next day. He pointed out that ETF data has a lag, and trading based on it is akin to "driving while looking in the rearview mirror." However, given the significant impact that ETF inflows and outflows have on the market, they remain an important reference.
Odaily News Analyst Killa stated on platform X that, based on historical performance, when BTC begins to form a bottom and slowly trends upward, it often represents a favorable accumulation phase for altcoins. During the previous cycle, as BTC rose from $16,000 to $74,000, a large number of altcoins recorded gains of 300%–500%. However, as BTC continued to strengthen thereafter and its market dominance increased, many altcoins began to face downward pressure.Killa believes that if BTC has already formed its bottom this cycle, some altcoins may have also established cyclical lows, prompting a recent resumption of selective altcoin positioning. His SOL position, bought at $76, is currently up approximately 50%. The ASTER long position shared recently has a target of at least 50% to 100% upside. Additionally, the HYPE spot or long position established earlier at $51.55 has since risen roughly 70%.
Odaily News: DeFi researcher Ignas stated on the X platform that when it comes to finding Meme coins in the AI era, the way of trading does not seem to have fundamentally changed. Taking Grok as an example, when asked to recommend Meme coins worth buying, it typically only provides token tickers based on historical data such as views, trading volume, and post counts on the X platform.Ignas believes that true Meme coin trading still requires human judgment as to whether a project has the potential to "break out" and gain mainstream attention, including market sentiment, community atmosphere, narrative appeal, and whether KOLs suddenly start shilling the coin. Compared to asking AI once a day what to buy, staying online 24/7 and capturing shifts in market sentiment still holds an advantage.However, Ignas pointed out that AI is completely reshaping liquidity provision (LP) strategies. He stated that his AI agents can automatically screen liquidity pools and analyze factors such as trading volume, fees, fee trends, liquidity depth, and appropriate price ranges. The relevant strategies are still being refined, but a methodology has already taken shape that can be continuously optimized and generate compounding effects.Ignas believes that if Meme coin trading and being "online 24/7" are not a good fit for you, then leveraging AI to learn and execute LP strategies might be a skill that is easier to master.
Odaily News Trader BonkGuy (Unipcs) shared his recent trading performance and strategy in a post on X, noting that his portfolio value once reached $20 million. Among his positions, PONS surged 11,108% from his average entry price, yielding a floating profit of approximately $7.5 million. Additionally, he recorded gains of 1,111%, 894%, 405%, 356%, and 108% on MICRODUCK, DELTA, MARSCOIN, USELESS, and BASECAT, respectively.BonkGuy summarized his trading strategy into five key points: First, anticipate shifts in market narratives and attention early, identifying the biggest beneficiaries likely to absorb capital and interest in the next phase, rather than chasing assets that have already rallied. Second, diversify trading logic rather than conviction—based on the same trend thesis, seek out the most likely beneficiaries across different ecosystems. Third, build a high-quality on-chain trading information network, continuously sourcing information, exchanging views, and validating trading logic through trading groups, X, friends, and other traders. Fourth, accept the time and energy costs associated with opportunities, as he believes the window of opportunity during the current bull market's high-explosive phase is limited. Fifth, reduce personal emotions and biases in trading, avoiding the active exclusion of potential opportunities due to personal opinions about a particular chain, platform, founder, or ecosystem. He concluded, "The market doesn't care what you believe; it rewards correct judgment."
Unipcs (also known as "Bonk Guy") advised against users blindly copying his FOMO wallet transactions. He emphasized that it is a high-risk trading wallet that buys or sells tokens at any time based on his own judgment, without necessarily disclosing the trading logic or investment rationale. Unipcs noted that not all purchased tokens carry a clear investment thesis or a high-conviction hold expectation; some trades are merely short-term operations and may be quickly stopped out if performance lags. He reminded users that while he cannot prevent others from copying his trades, he hopes they fully comprehend the associated risks.