Bitget Research Weekly News: Bitget Launchpad launches group purchase model for the first time, Celestia confirms airdrop at the end of the month

In the past week (10.23-10.27), the market has seen a number of new popular cryptocurrencies and topics.

1. Market Trends

The main topics of interest in the market this week (10.23-10.27) are:

• Bitget Launchpad launched a group purchase model for the first time, and Ethereum Layer 2 TVL rose to $11.9 billion.

• BTC is consolidating at a high level while altcoins are rallying, and the Fear and Greed Index has returned to bull market levels.

• Volatility in the crypto market continues to rise, with Memeland's token launch imminent.

• BlackRock's proposed Bitcoin spot ETF has been filed with the DTCC, leading to a broad rally in the crypto market.

• BTC price stabilizes above $30,000, and Celestia confirms an airdrop at the end of the month.

2. Popular Projects

The most popular projects this week (10.23-10.27) are:

T2T2 (Token): Bitget announced the launch of a new Launchpad project T2T2, with participation options including investment mode and the newly introduced group purchase mode. After the event starts, all users can freely form groups; users who complete KYC and hold ≥ 50 BGB can participate, with three people required to form a group. Existing users can only initiate group purchases, while newly registered users can both initiate and join groups. Users who do not form a group can invest up to the average holding of BGB during the statistical phase; users who form a group can invest up to twice the average holding.

LINK (Token): Recently, LINK token on-chain activity has been very active. An FTX/Alameda associated address transferred 253,862 LINK (approximately $2.67 million) and 1.59 million AGLD (approximately $1.34 million) to Coinbase this morning. According to Nansen data, Smart Money ranked LINK second in the Ethereum network's fund inflow tracking list over the past 24 hours, with approximately $3.9 million.

MEMELAND (Token): The community presale of the MEME token for the NFT project Memeland has ended. On-chain data shows that the MEME token community presale raised a total of 8,737 ETH, worth approximately $15.67 million; MEMELAND is an NFT series launched by the internet meme platform 9GAG, which has gained immense popularity.

Pudgy Penguins (NFT): Pudgy Penguins, launched in July 2021, consists of 8,888 randomly generated penguins with unique attributes. The initial minting price was 0.03 ETH, and all were sold out within a week. In August of the same year, a viral article by New York Times journalist Kevin Roose brought significant traffic to Pudgy Penguins, pushing the project's floor price to quickly surpass 3 ETH. The average floor price for this project is 5.05 ETH, with a daily trading volume of 440 ETH.

Maestro (Dapp): Maestro is a cryptocurrency-related toolkit designed for Telegram users, aimed at providing a one-stop solution for cryptocurrency trading and management. The project offers features such as multi-chain Sniper Bot, wallet tracking, automated purchases, and various trading strategies, which are favored by on-chain players. Regarding recent theft incidents, the official statement indicated that they have done their utmost to refund each user affected by the exploit: for the nine affected tokens, they chose to buy back the tokens and refund rather than simply sending ETH; for the other two tokens (JOE and LMI), there was not enough liquidity to repurchase the lost tokens, so they decided to compensate affected users with equivalent ETH and provided an additional 20% compensation.

Uniswap (Dapp): The official platform announced that the governance community has approved a $46.2 million fund for the Uniswap Foundation to support work over the next two years. Recent on-chain data shows that the Uniswap Foundation transferred 6.8 million UNI to a new address and FalconX. Additionally, an address associated with the Uniswap Foundation transferred 3 million UNI to Wintermute's Kraken deposit address.

Friend.tech (Dapp): Friend.tech has recently seen a significant drop in daily active users, with many clones emerging, such as PostTech and Cipher on Arbitrum, Friend 3 V1 on BSC, and Tomo on Linea, which offer better user experience and smoothness than FT, attracting some traffic; recently, the former top project Vombatus sold 176 of its own keys for 852 ETH, leading to cash-out behavior that undermined market confidence.

3. Hot Searches

The hottest topics this week (10.23-10.27) are:

BTC (Token): BlackRock's iShares Bitcoin spot ETF (code: IBTC) reappeared on the DTCC website after being briefly removed, but the Create/Redeem status changed from Y to N. The news has led to market fluctuations at high levels.

PEPE (Token): Recently, on-chain data shows that 69 trillion PEPE were transferred to a black hole address by the PEPE team for destruction, worth approximately $6.55 million. With the market rebounding, PEPE has surged over 100% in the past three days due to this destruction action, leading the MEME sector.

AAVE (Token): (1) The Aave community's proposal to "purchase GHO from the secondary market to meet DAO's short-term funding needs" has been approved, and they will soon purchase approximately 1.6 million GHO from the secondary market to support Aave DAO's short-term funding needs, such as subsidies and event sponsorships; (2) The Aave community has initiated a new proposal to introduce aTOKEN to grant governance rights to protocol users, allowing users who hold AAVE to also have governance rights.

The Bitget Research Institute focuses on "focusing on on-chain data and uncovering valuable assets," providing institutional-level insights for crypto enthusiasts by real-time monitoring of on-chain data and regional hot searches to uncover cutting-edge value investments. To date, it has provided Bitget's global users with early valuable assets in several popular sectors, including the 【Arbitrum ecosystem】, 【AI ecosystem】, and 【SHIB ecosystem】, creating a better wealth effect for Bitget's global users through data-driven in-depth research.

【Disclaimer】The market has risks, and investment should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investing based on this is at your own risk.