SoSo Daily Jun 16 | Byreal, the DEX Incubated by Bybit, Officially Launches on Solana

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is TIME. As of 00:00 today, its market cap is 324.13K, with a coin price of 0.00000069619 USD, witnessing a 24-hour increase of 159%.
The second is Network3. As of 00:00 today, its coin price is 0.00024560 USD, with a 24-hour increase of 84.7%.
The third is Dolos The Bully. As of 00:00 today, its coin price is 0.0018013 USD, showing a 24-hour increase of 43.5%.
In fourth place is Housecoin. As of 00:00 today, its coin price is 0.044210 USD, with a 24-hour rise of 35.2%.
In fifth place is Skate. As of 00:00 today, its coin price is 0.048490 USD, increasing by 34.4% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

Byreal — a Solana-native decentralized trading platform incubated by Bybit — is set to go live on June 30. It aims to unify global liquidity and redefine onchain asset discovery, bringing CEX-grade execution with DEX-native transparency.  

The platform introduces a new onchain liquidity network designed to enhance the listing, discovery, and trading of crypto-native tokens, with plans to expand into tokenized capital market instruments.  

Mainnet coming Q3 2025.

Next news:ZKJ has fallen by 1.22% in the past 15 minutes, currently trading at 1.956 USDT.
Next news:Polyhedra responded to the decline in token prices, pointing out that there was an abnormal trading situation in the ZKJ/KOGE trading pair for a short period. The team stated that they will continue to advance the project development to ensure the stable growth of the project.
Next news:Analysis indicates that the flash crash in the prices of ZKJ and KOGE was orchestrated by the collaboration of three addresses.
Next news:

BlockBeats news, on June 15th, according to HTX market data, ZKJ's decline has expanded again, dropping more than 20% in the past 5 minutes, now quoted at $0.5699.

Next news:

ChainCatcher reports that on-chain analyst AI Ayi posted on the X platform further analysis of tonight's flash crash events involving KOGE and ZKJ:

1. Why was KOGE dumped first and then ZKJ? Mainly because ZKJ has a contract, allowing exchanges to open short positions and coordinate on-chain dumping; also, ZKJ has better liquidity, making dumping more costly.
2. Why did the dumping start at 8:30 PM, but the K-line performance was delayed? Both ZKJ and KOGE have good liquidity and stable prices, with narrow LP ranges. After breaking through these ranges, there was insufficient capital to absorb sell orders, leading to a flash crash. LPs panicked and fled, causing further price collapse, and those who did not exit LP positions were trapped.
3. Why choose tonight to dump? AI Ayi speculates that due to Alpha's trading volume declining for several consecutive days, massive LP withdrawals accelerated the crash. Holders were mostly interest-driven with insufficient conviction, so the collapse only required a single key supporting pillar to break.

Next news:

ChainCatcher reported that the KOGE team’s 48 Club posted on the X platform yesterday stating, "KOGE has been fully unlocked since day one, with no lock-up. Also, 48 Club has never committed in any form to not selling treasury holdings. Just like Binance never said it wouldn’t sell BNB. Please do your own research, and bear the risks yourself."

Previously, ChainCatcher reported that according to Binance Alpha market data, KOGE briefly fell below 10 USD, currently trading at 22.07 USD, with a 24-hour drop exceeding 64%.

Next news:

ChainCatcher reports, according to Coinglass data, there was a total of $147 million liquidated across the entire network in the past 24 hours, including $110 million liquidated on long positions and $36.17 million on short positions.

• Bitcoin long positions liquidated $17.76 million, short positions liquidated $9.25 million.
• Ethereum long positions liquidated $43.03 million, short positions liquidated $8.65 million.
• A total of 54,200 people were liquidated globally, with the largest single liquidation occurring on Binance BTCUSDT, valued at $3.70 million.

Next news:

Foresight News reports that the Bitcoin infrastructure protocol Echo Protocol announced that its official X account (@EchoProtocol_) was successfully recovered this morning. The account is now operating normally, and the team has fully restored control.

According to the Echo team, the official account was hacked and briefly controlled by an unknown party yesterday. During this period, false information and suspicious links unrelated to the project were posted. The team immediately activated emergency response measures and collaborated with X officials, ultimately regaining control of the account.

Echo Protocol stated that this incident only affected the social media account. The protocol itself continues to operate normally, with all user funds and data remaining secure and unaffected. No anomalies were detected in the platform's contracts. The team will continue to investigate the source of the hack and may take legal action as appropriate.

Additionally, Echo Protocol has immediately strengthened internal account security measures and urges community members to remain vigilant about cybersecurity, avoiding clicking on unknown links or executing suspicious authorizations.

Next news:According to ChainCatcher news and Cointelegraph reports, even with the market consolidating sideways, Bitcoin traders are not pessimistic about Bitcoin's price trend. The current community consensus is not bearish; rather, it believes the bull market is far from over. Many think Bitcoin is preparing for a new round of price discovery. Trader Alan Tardigrade states that Bitcoin is exhibiting an ascending expanding wedge upward trend. Since 2023, whenever this signal appeared, Bitcoin rose by 49%, 125%, and 68%, respectively. Another trader, Merlijn, pointed out that Bitcoin's current trend shows a classic price bottom structure in the form of an inverted head and shoulders pattern, with a recent target price potentially reaching 140 thousand USD.

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.