SoSo Daily Oct 20 | Pump.fun has launched the Pump Advanced trading terminal and revealed future plans for a token release.

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM UTC0 time on October 20, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.46 trillion US dollars, witnessing a decrease of 0.933% compared to yesterday; the total trading volume is 54.80 billion US dollars, marking a decline of 48.3% from the previous day.

According to sosovalue, the price of $BTC is 68,420 USD, an increase of 0.484% from yesterday. The market cap of $BTC is 1.35 trillion USD, accounting for 55.1% of the total market cap; $BTC's 24-hour trading volume is 11.27 billion USD, making up 20.6% of the total trading volume.
The price of $ETH is 2,648.9 USD, up 0.662% from yesterday; the market cap of $ETH is 318.9 billion USD, representing 13% of the total market cap; $ETH's 24-hour trading volume is 6.47 billion USD, comprising 11.8% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.1% of the total cryptocurrency market cap, and their combined trading volumes constitute 32.4% of the total trading volume.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 11:55 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is ApeCoin. As of today, its market cap is 990.55M, with a coin price of 1.3730 USD, witnessing a 24-hour increase of 86.8%.
The second is Camelot Token. As of today, its market cap is 23.14M, with a coin price of 1258.9 USD, witnessing a 24-hour increase of 62.6%.
The third is DeepBook. As of today, its market cap is 191.09M, with a coin price of 0.076437 USD, showing a 24-hour increase of 48.9%.
In fourth place is WATCoin. As of today, its market cap is 5.27M, its coin price is 0.00065908 USD, with a 24-hour rise of 38.8%.
In fifth place is MATH. As of today, its market cap is 119.83M, its coin price is 0.67030 USD, increasing by 36.2% over the last 24 hours.


Moving on, let's take a look at the sector performance in the crypto market.
According to sosovalue, out of 16 sectors, 14 are up and 2 are down. Notably, NFT, GameFi, and DePIN sectors are worth mentioning.
NFT sector has risen 14.5% relative to the UTC 0 time, led by gains in APE (88.1%), TNSR (16.4%), and LOOKS (13.1%).
GameFi sector has increased 3.58% relative to UTC 0, with WAT (40.4%), MAGIC (22.8%), and GODS (18.3%) leading the rise.
DePIN sector has risen 2.65%, with NOS (28.5%), ALEPH (23.4%), and RLC (11.4%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Pump Fun has announced the launch of its new premium trading terminal, Pump Advanced, and revealed plans to launch a token in a Twitter Space. The main features of Pump Advanced include charts, top holder statistics, advanced filters, real-time update threads, and other functionalities designed to attract heavy users of Pump Fun. As of the end of August, the platform has accumulated fees of 100 million USD. (TheBlock)
Next news:Ripple's Chief Legal Officer Stuart Alderoty recently stated that the ruling confirming that XRP is not a retail sale security remains unchanged as he officially appealed the Ripple case to the U.S. SEC. He wrote on Twitter: The court's ruling that "XRP is not a security" has not been appealed; this decision is the law of the land. In the appeal, the SEC questioned several key rulings, including the decision that Ripple executives Brad Garlinghouse and Chris Larsen's non-cash distribution and sales of XRP did not violate securities laws. Ripple plans to submit its Form C next week as a cross-appeal to the institutional sale ruling.
Next news:Wu reported that Ethereum co-founder Vitalik Buterin published an article titled "Future Development of the Ethereum Protocol (Part 3: The Scourge)". The key objectives are as follows: minimize the risk of centralization in the Ethereum staking layer (particularly in terms of block building and capital supply, namely MEV and staking pools); minimize the risk of extracting excessive value from users. Vitalik emphasized that addressing issues related to centralization bottlenecks in block building, the economic reasons for staking centralization, the minimum staking requirement of 32 $ETH, and hardware requirements will contribute to the decentralized development of Ethereum.
Next news:According to Foresight News, the content on the official X account of the Ethereum re-staking protocol EigenLayer is no longer visible. Previously, after EigenLayer posted information about the second season airdrop on its official Twitter this week, the account continued to post suspicious links. Users are advised to remain vigilant and avoid clicking any links to protect their assets.
Next news:APE has broken through 1 USD, currently priced at 1.0399 USD, with a 24-hour increase of 40.55%.
Next news:As of October 18, 2024, the number of $ETH held in Ethereum accumulation addresses has exceeded 19 million, representing a 65% increase since the beginning of the year. In January 2024, there were only 11.50 million $ETH in these addresses, which has nearly doubled since then.
Next news:On-chain data shows that the market capitalization of the ApeChain ecosystem's meme coin CURTIS has surpassed 14 million USD, currently reported at 14.80 million USD. CURTIS is currently priced at 0.01463 USD, with a 6-hour increase of 314%. Odaily Planet Daily reminds users that meme coins experience significant short-term volatility, so please be aware of the risks and invest cautiously.
Next news:A certain smart money has made a profit of $2.65 million from buying low and selling high in GNON, with a return rate of up to 400 times. The address spent 44.6 SOL ($6,685) two days ago to build a position of 25.45 million tokens at an average price of $0.000263, and has sold 57% of its holdings during the rise, leaving 11 million tokens remaining.
Next news:According to Wu, ApeCoin tweeted that through the Automatic Yield Mode, users holding ApeCoin on ApeChain do not need to continuously claim/stake their tokens to increase their earnings. This mode is the default for all EOA (Externally Owned Accounts), allowing earnings to be automatically accrued with each block. Without the need for manual intervention, the APE balance at that address increases based on the earnings obtained per block.
Next news:According to Foresight News, Elon Musk announced at an event in Pennsylvania that from that day until November 5, the day of the U.S. elections, he will randomly distribute 1 million dollars each day to a registered voter in Pennsylvania who has signed the petition for the American Political Action Committee. The first winner of the day has already been announced. Previously, federal documents made public on Tuesday showed that Musk donated 75 million dollars to the American Political Action Committee supporting Trump’s presidential campaign in the third quarter ending in September.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.