Market dynamics on June 18: The overall market is down, with all altcoins plummeting by 10%
I. Market Dynamics
1. The market is falling, with altcoins plummeting 10% across the board. Every time a new coin with a large market cap is listed on Bn, the market gets drained.
2. U.S stocks are rising to record highs, with funds flocking to tech stocks.
II. Market Focus
1. L2's ZK was listed on Bn by market maker WINTERMUTE. It has a market value of $4 billion and its price of 0.2U significantly lower than the off-market price of 0.4U . ETH chain GAS fee hits an eight-year low.
2.MEME's MEW is rising in value; MEW is SOL's cat coin.
3.The public chain TON resists falling relatively well, but short-selling fees annualized up to 100%.
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.
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