October 11 Market Dynamics: Solana blockchain Meme token SIGMA, CB on the rise
I. Market Trends:
1. BTC is falling, while altcoins are fluctuating.
2. U.S stocks are declining and the dollar index rebounds. Inflation data for September was higher than expected, reducing the probability of a rate cut in December.
II. Market Highlights:
1. DeFi's UNI is rising with the launch of L2 based on OP Stack, reducing ETH's gas demand.
2. Fan tokens such as PSG, BAR, CITY, JUV etc., are increasing in value. Fan tokens often rally when the market falls.
3. On Solana chain Meme tokens SIGMA and CB have increased; SIGMA is a macho-themed Meme while CB is a Halloween-themed wizard cat Meme . Several market makers were jointly enforced by SEC and FBI.
4.The re-pledged Puffer will be air-dropped on October 14th with a total volume of 1 billion units; it probably won't list on Bn.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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