Crypto Market Weekly Update

In the past week, Bitcoin ETFs continued to attract capital, showing net inflows for three consecutive weeks, with inflows reaching $920 million last week. The inflows for the previous two weeks were $3.03 billion and $1.81 billion, respectively, indicating a sustained influx of funds that reflects the market's optimistic expectations for future conditions. Bitcoin's price once reached a high of $105,000, with the potential to set a new historical high in May. The market greed and fear index continues to rise, indicating that the current market sentiment is in the greed phase.

Last week, the Ethereum ETF experienced a net outflow of $38 million, but its price still surged significantly from around $1,800 to about $2,600, with a single-day increase of even 25%. The ETH/BTC exchange rate has risen significantly, currently around 0.024; the market share of Ethereum has also rebounded from about 7% to 9%. From the perspective of ETF fund flows, Ethereum's recent rise seems to be largely unrelated to the ETF. Some believe that the current increase in Ethereum may just be a short-term rebound due to various indicators being at historical lows.

Performance of Popular Cryptocurrencies

This week's standout popular cryptocurrencies include MOODENG, GOAT, PNUT, PI, and KAITO. Among them, MOODENG saw a surge of 566.53% during the week, reaching a high of 0.2889 USDT, with a current market cap of approximately $260 million. GOAT increased by 212.9%, peaking at 0.2503 USDT. PNUT also experienced a rise of 167.6%.

Overview of the US Market and Key Events

The U.S. stock market showed mixed performance, with the S&P 500 index down 0.8%, the Dow Jones Industrial Average down 1.2%, and the Nasdaq index down 1.5%. The market was affected by uncertainties surrounding tariffs and mixed corporate earnings reports. Although tariff exemptions led to a brief rebound, the tense U.S.-China trade relations and increased restrictions on chip exports have taken a toll on tech stocks. Intel's weak earnings report weighed down the Nasdaq, while Tesla's strong quarterly performance provided some support for the S&P 500.

This week's important economic events include:

• Monday: Federal Reserve officials give speeches
• Tuesday: US April CPI data released
• Thursday: The release of the number of initial unemployment claims in the US for the week and the April PPI data; several Federal Reserve officials will attend the event.
• Friday: The initial value of the US May one-year inflation expectations is released.
• Saturday: Federal Reserve officials speak

Popular Sector Trends

The Meme coin sector is performing actively, with currencies like MOODENG, GOAT, and CHILLGUY experiencing significant increases. In the current rebound market, investment funds are more inclined towards popular Meme coins with full circulation. MOODENG's daily increase exceeds 130%, leading the market, with a weekly increase of over 6 times, making it the best-performing Meme coin during the same period. Multiple mainstream trading platforms have announced the listing of MOODENG, stimulating its purchasing demand.

In the AI agent sector, tokens such as PIPPIN, SWARMS, and GRIFFAIN have risen, indicating that AI agents remain one of the hot topics of interest in the market. However, these tokens are still significantly below their historical highs, reflecting some skepticism in the market regarding existing AI agent projects, and new projects may emerge in the future.

Token Unlocking Information

APT will unlock approximately 11.31 million tokens on May 12 at 8:00, valued at about 58.47 million dollars.

Avalanche plans to unlock approximately 9.54 million AVAX tokens on May 17, 2025, accounting for 2.49% of the total supply, valued at approximately $329 million at current prices. These tokens will be allocated to the team, foundation, and strategic partners, among others. Additionally, approximately 1.13 million AVAX (valued at about $38.81 million) will be distributed through airdrops.

Risk Warning

Cryptocurrency investment is highly speculative and may involve significant loss risks. Past performance does not guarantee future results. The value of digital currencies can fluctuate greatly, and investors should carefully assess whether trading or holding is suitable based on their individual circumstances. This article does not constitute any investment advice.