Market dynamics on May 24: Meme tokens of the Ethereum system are generally rising
I. Market Overview
1. The market is showing a downward trend, with Bitcoin's dominance sharply declining, benefiting the altcoin season.
2. U.S stocks are experiencing a pullback, PMI economic data hits a two-year high, and the first interest rate cut expectation has been postponed from November to December.
II. Market Focus
1. Public chain Ethereum fluctuates at high levels. The U.S Securities and Exchange Commission has passed key documents for Ethereum ETFs, formal approval will take several months.
2. Prices of PEOPLE, PEPE, MOG, TURBO, WOJAK and JOE in the Meme series have risen significantly. These are all Ethereum-based Meme tokens; among them JOE rebounded 30 times from its low point.
3.Prices of projects within the Ethereum ecosystem such as ENS, ETHFI,MANTA,and ETC also increased .ETHFI launched re-pledge credit card business.
4.In the "Decentralized Stablecoin" category TRU and ONDO prices soared.Metadrop is about to go live on LISTA platform.LISTA is a liquidity pledge and decentralized stable coin lending protocol developed and operated by original BSC chain Helio team which was severely attacked by hackers in past .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+
The article analyzes the TGE performance of multiple blockchain projects, evaluating project performance using three dimensions: current price versus all-time high, time span, and liquidity-to-market cap ratio. Projects are then categorized into five grades: S, A, B, C, and D. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC
Russian households have invested 3.7 billion rubles in cryptocurrency derivatives, mainly dominated by a few large players. INTERPOL has listed cryptocurrency fraud as a global threat. Malicious Chrome extensions are stealing Solana funds. The UK has proposed new tax regulations for DeFi. Bitcoin surpasses $91,000. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.

How much is ETH really worth? Hashed provides 10 different valuation methods in one go
After taking a weighted average, the fair price of ETH exceeds $4,700.

Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost
People tend to overestimate what can happen in two years, but underestimate what can happen in ten years.
