SoSo Daily Jul 12 | pump.fun: Token distribution within the next 48-72 hours

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 17:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Kyber Network Crystal ($KNC). As of 17:50 today, its market cap is 100.95M USD, with a coin price of 0.59330 USD, witnessing a 24-hour increase of 79.1%.
The second is $CESS Network ($CESS). As of 17:50 today, its coin price is 0.0078600 USD, with a 24-hour increase of 64.4%.
The third is $IDEX ($IDEX). As of 17:50 today, its coin price is 0.026390 USD, showing a 24-hour increase of 49.7%.
In fourth place is Proton ($XPR). As of 17:50 today, its coin price is 0.0047003 USD, with a 24-hour rise of 33.1%.
In fifth place is AllianceBlock Nexera ($NXRA). As of 17:50 today, its coin price is 0.012100 USD, increasing by 26.2% 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, 0 are up and 16 are down. Notably, RWA, AI, and Meme sectors are worth mentioning.
RWA sector has fallen 5.28% relative to the UTC 0 time, led by declines in PRCL (-15%), Usual (-14.2%), and KTA (-10.9%).
AI sector has decreased 5.35% relative to UTC 0, with MAI (-18.9%), GAME (-17.9%), and REX (-16.6%) leading the drop.
Meme sector has fallen 6.04%, with banana (-33.2%), M (-31.2%), and MAI (-18.9%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:pump.fun officially announced that in the next 48-72 hours, all tokens purchased through the official website or participating CEXs will be transferred to participants. During the distribution phase, tokens will initially be non-tradable and non-transferable. Once the distribution phase is complete, the tokens will become tradable and transferable, and an announcement will be made upon completion. [Foresight News]
Next news:On July 12, on-chain analyst Onchain Lens (@OnchainLens) monitored that a whale deposited 8,000,000 USDC into HyperLiquid and shorted $PUMP with 2x leverage. [Deep Tide TechFlow]
Next news:

On July 13, French President Macron stated that France shares the same position as the President of the European Commission and "strongly" opposes the United States' announcement of a comprehensive 30% tariff on goods exported from the EU, effective August 1. This statement was released after the European Commission had engaged in intensive negotiations with the United States over the past few weeks, during which it put forward solid proposals in good faith.

Based on European solidarity, the European Commission needs to firmly defend the EU's interests. This especially means that if an agreement cannot be reached before August 1, it is necessary to accelerate the preparation of credible countermeasures and mobilize all available means, including the Anti-Coercion Instrument.

On this basis, France will fully support the European Commission's position in the negotiations. Negotiations will be further intensified in order to reach a mutually acceptable agreement before August 1, reflecting the mutual respect that the EU and the United States should have as trading partners, and safeguarding their common interests and close value chains.

[BlockBeats]
Next news:According to Cointelegraph, BlockFi's bankruptcy administrator and the United States Department of Justice (DOJ) have reached an agreement to dismiss a lawsuit involving the transfer of $35.000 million in crypto assets. New Jersey Bankruptcy Court Judge Michael B. Kaplan approved the agreement on Friday. The case originated in May 2023, when the DOJ attempted to seize funds in BlockFi accounts belonging to two Estonian citizens, claiming it was related to a criminal fraud case. According to the settlement terms, the case was "dismissed with prejudice," with each party bearing its own legal fees. It is worth noting that BlockFi declared bankruptcy in November 2022 after the FTX collapse, currently owes approximately 100,000 creditors a total of $10.000 billion, and has set April 28, 2024 as the deadline for customers to withdraw their remaining crypto assets. [Foresight News]
Next news:Honeyland, a Solana blockchain strategy game launched by Hexagon Studios, has announced that it has been acquired by game infrastructure developer BRAVO READY. The specific acquisition amount has not yet been disclosed. Honeyland previously raised $4.00 million at a valuation of $20.00 million. Upon completion of the acquisition, Honeyland will be incorporated into BRAVO READY's real-time revenue-generating portfolio. (Businesswire) [Odaily Planet Daily]
Next news:On July 12, according to the X page, trader James Wynn (@JamesWynnReal) has deactivated his X account. [Deep Tide TechFlow]
Next news:On July 12, according to Arkham monitoring, 189 addresses injected $1.000 million (public sale cap) into the public sale on the $PUMP chain. [TechFlow]
Next news:On July 12th, White House digital asset policy advisor Bo Hine posted on the X platform that an important week is coming up, and July 14th to July 20th will be the House of Representatives' "Crypto Week." The GENIUS Act will be sent to the desk of U.S. President Donald Trump, and the CLARITY Act will be sent to the Senate. "Crypto Week" will solidify the United States' role as the global cryptocurrency capital. [Deep Tide TechFlow]
Next news:On July 12, according to the official announcement, Binance Alpha has now launched $peaq ($PEAQ). Eligible users can use Binance Alpha points to claim an airdrop of 643 $PEAQ tokens after the launch begins. This airdrop will be distributed in two phases: Phase 1 (first 18 hours): Users holding at least 234 Alpha points can claim. Phase 2 (last 6 hours): Users holding at least 180 Alpha points can participate on a first-come, first-served basis until the airdrop pool is exhausted or the event ends. Please note that claiming the airdrop will consume 15 Binance Alpha points. Users need to confirm the claim on the Alpha activity page within 24 hours, otherwise it will be deemed as giving up the airdrop. [Deep Tide TechFlow]
Next news:

On July 12th, "Fed mouthpiece" Nick Timiraos published an article stating that the Fed is not expected to cut interest rates at its meeting later this month, but Powell has hinted that interest rate cuts may occur later this year if inflation performs well or the labor market weakens.

Trump wants to reduce the debt servicing costs of the federal deficit, while his tax cuts may expand the federal deficit. However, outside of extreme situations such as war, central banks in developed economies will resist this pressure. They believe that stabilizing inflation is crucial to maintaining people's confidence in their national currency. [BlockBeats]

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.