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SoSo Daily Jun 8 | Sonic Labs: After the end of the first quarter audit, some undisclosed tokens will be available for claiming

#Crypto Stocks
SoSo Newsletter
2KWords
Jun 8, 2025

Crypto Market Update

Let'$s turn our attention to today'$s overall Crypto market situation.
As of 11:59 PM Hong Kong time on June 7, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.41 trillion US dollars, witnessing a decrease of 0.742% compared to yesterday; the total trading volume is 65.97 billion US dollars, marking a decline of 36.2% from the previous day.



Cryptocurrency Market Update - June 7, 2025

According to sosovalue, the price of $BTC is 105,550 USD, an increase of 1.21% from yesterday. The market cap of $BTC is 2.10 trillion USD, accounting for 61.4% of the total market cap; $BTC'$s 24-hour trading volume is 17.57 billion USD, making up 26.6% of the total trading volume.
The price of $ETH is 2,524.6 USD, up 1.96% from yesterday; the market cap of $ETH is 304.78 billion USD, representing 8.93% of the total market cap; $ETH'$s 24-hour trading volume is 9.38 billion USD, comprising 14.2% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 70.33% of the total cryptocurrency market cap, and their combined trading volumes constitute 40.8% of the total trading volume.



After reviewing the overall crypto market situation, let'$s shift our focus to the top 5 token gainers of the day:
As of 23:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Immortal Token ($IMT). As of 23:50 today, its market cap is 2.35M USD, with a coin price of 0.012840 USD, witnessing a 24-hour increase of 158%.
The second is AxonDAO Governance Token ($AXGT). As of 23:50 today, its coin price is 0.10630 USD, with a 24-hour increase of 38.5%.
The third is Moonray ($MNRY). As of 23:50 today, its coin price is 0.0095340 USD, showing a 24-hour increase of 36.8%.
In fourth place is Tokemak ($TOKE). As of 23:50 today, its coin price is 0.18660 USD, with a 24-hour rise of 35.5%.
In fifth place is Keeta ($KTA). As of 23:50 today, its coin price is 1.3355 USD, increasing by 27.7% over the last 24 hours.


Moving on, let'$s take a look at the sector performance in crypto market.
Acccording to sosovalue, out of 16 sectors, all 16 are up. Notably, RWA, NFT, and Meme sectors are worth mentioning.
RWA sector has risen 4.56% relative to the UTC 0 time, led by gains in $KTA (24.4%), MGT (19.4%), and RWA (16.1%).
NFT sector has increased 4.08% relative to UTC 0, with ANIME (15.2%), epik (8.31%), and PENGU (7.35%) leading the rise.
Meme sector has risen 3.83%, with doginme (27.5%), GORK (25.1%), and clay (20.4%) leading the rise.

Let'$s go through the Crypto news worth paying attention today according to sosovalue:
The first is:ChainCatcher News: Sonic Labs announced that the $S token airdrop claims will not be limited to a single season. After the first season'$s airdrop review is completed, the undisclosed portion of approximately 190.50 million $S tokens from the airdrop will be made available for claiming.
Next news:ChainCatcher news: According to Bitcoin Magazine, Japanese listed company Remixpoint announced the purchase of 44.8 bitcoins, valued at 4.70 million USD.
Next news:According to ChainCatcher and Jin10 Data, U.S. Vice President Pence expressed hope that Musk would return.
Next news:

ChainCatcher reported, according to Cointelegraph, analysis shows that the weekly Bitcoin chart exhibits a bearish divergence similar to that in 2021, which may trigger a correction of over 50% down to 64 thousand USD. Technical patterns also indicate that breaking key support levels could lead to a drop to 91 thousand USD.

Although some analysts remain optimistic about a 150 thousand USD target, it requires surpassing the critical on-chain indicators NUPL/MVRV 1.0 to confirm a new upward trend.


Next news:Wu Shuo learned from ChosunBiz that Alpha Asset Management, managed by Choi Joon-hyuk, husband of Korean star Jun Ji-hyun, has suffered significant losses due to its investment in the gaming company Wemade. Alpha invested a total of 35 billion KRW in Wemade stocks in 2023 and 2024. Currently, due to a roughly 28% drop in the stock price, the cumulative book loss has reached 15.80 billion KRW. This decline is related to the secondary delisting of the $Wemix virtual currency from Korean exchanges. $Wemix previously lost about 9 billion KRW in assets due to a hacker attack. $Wemix is a virtual currency issued by Wemade through its subsidiary.
Next news:ChainCatcher news: Elon Musk has deleted the tweet related to "President Trump in the Epstein case documents." Previously, Musk tweeted, "It'$s time to drop a real bombshell: Trump appears in the Epstein documents. This is the real reason these files haven't been made public. Have a great day, $DJT!"
Next news:According to ChainCatcher, based on Coinglass data, there were $147 million worth of liquidations across the entire network in the past 24 hours, with $60.75 million in long liquidations and $86.72 million in short liquidations. Among them, Bitcoin long liquidations amounted to $6.08 million, Bitcoin short liquidations $31.08 million, Ethereum long liquidations $14.15 million, and Ethereum short liquidations $14.11 million. Additionally, in the last 24 hours, a total of 67,429 people were liquidated globally, with the largest single liquidation occurring on Binance - BTCUSDT, valued at $1.66 million.
Next news:ChainCatcher reports that, according to Bitcoin News, Uber CEO Dara Khosrowshahi considers Bitcoin to be "a verified commodity," while stablecoins can facilitate international transactions.
Next news:According to ChainCatcher, based on Bitdeer'$s weekly report on June 7, as of June 6, 2025, the company holds 1,375.9 Bitcoins (excluding customer deposits). This week, it produced 43.9 Bitcoins, sold 12.1 Bitcoins, with a net increase of 31.9 Bitcoins.
Next news:ChainCatcher reports that according to Lookonchain monitoring, the wallet address "0xfa64" withdrew 340 BNB (approximately 218 thousand USD) from an exchange after being dormant for 3 months, to purchase 1.19 million $BULLA tokens.

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.

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