Memecoins are on the rise, while funding levels remain low. At the same time, Chinese stocks keep climbing. In the latest episode of FOMO HOUR EP213, many altcoins and memecoins have seen impressive gains, even though Bitcoin has stayed stable.
Funding rates are mostly low or even negative. Last week, crypto funds faced outflows totaling $147 million. Despite this, Bitcoin continues to shine as the best-performing major asset of the year.
SUI has made its way back into the top 20 cryptocurrencies. Meanwhile, TAO is leading the top 100 coins away from meme-based tokens, and Sifu has taken short positions.
In the past week, a $100 million bridge to Solana (SOL) was established. Additionally, Metaplanet has purchased another $6.7 million in Bitcoin. There’s also an Ethereum proposal aimed at boosting transaction throughput by 50%.
This week, keep an eye on EIGEN, OP, and APT, as they are leading the way in token unlocks.