According to official news, BNB Chain announced Multipli as the winner of the fourth round of the BNB Incubation Alliance. Multipli is a ZK-based multi-chain income protocol that allows users to earn income on stable assets, native assets, and even assets that traditionally do not generate income (such as BTC, MATIC, ARB, PAXG, etc.).

SUI price hits a new all-time high - but valuation issues still exist SUI has recently attracted widespread follow, and its development has reached its peak. At the close of the week, its price reached a historical high of $2.30, ranking higher than top AltCoins such as Polkadot (DOT), thus entering the top 15 Cryptocurrencies. This achievement has inspired hope for those who support SUI, as they believe it will become a major competitor in the market. Decentralized Finance noticed the price surge of SUI, with Total Value Locked (TVL) reaching $1 billion. The token ranks higher than Avalanche (AVAX) and Polygon (MATIC). Investors have noticed the growing importance of SUI in the Decentralized Finance market, and SUI's forecast shows a continued positive trend in the next three months, with an increase of up to 240%. Currently, the trading price of SUI is $2.04, which has decreased by 4.3% in the past 24 hours, but has continued to pump by 8.7% in the past 7 days. The rapid rise of SUI has excited many people, but it has also raised doubts. In fact, some analysts doubt whether the current market capitalization of the Token is in line with its actual fundamentals. The value pump has sparked a debate as people try to measure the Market Cap of SUI to identify potential issues. This situation is not uncommon for rapidly expanding coins or Tokens; however, it can also raise some concerns for potential buyers. Insider dumping is another worrisome issue. During the recent pump of Token, a large volume of transactions in the foundation's wallet has raised concerns about its price sustainability. Withdrawing funds during a price surge may indicate insecurity among insiders, leading investors to doubt the long-term prospects. The complexity of SUI's current situation is exacerbated by its Fully Diluted Valuation. SUI has a Fully Diluted Valuation of $1.2 billion, significantly lower than Solana's $4.7 billion. Some market experts claim that Solana's pricing may be incorrect because Solana's Fully Diluted Valuation is less than a third of Ethereum's. This has led some to conclude that SUI is currently overvalued. This comparison also raises the issue of potential market mispricing, which requires investors to weigh the pros and cons before participating. Currently, there is competition among various cryptocurrencies, and understanding the valuation of such projects relative to other tokens can help people better understand each token. Despite the concerns, the recent prospects for SUI remain optimistic. From the perspective of PA, the stock will show a pump trend, as forecasts indicate a significant increase in market size in the coming months. Over the next three months, the price of SUI is expected to pump by 244%, attracting many hopeful investors. Investors are advised to proceed with caution. Given the large volume of insider trading and concerns about valuation, the future may not be as optimistic as expected. It is crucial to monitor market trends and perform Technical Analysis to address the risks brought by the rapid rise of SUI. (Data Source: Christian Encila)

Data shows that the popularity of Dogecoin and other Memecoins is lower than BTC. Data shows that compared with BTC (BTC) and other top currencies, social media users are currently not following memecoins such as Dogecoin (DOGE) very much. According to analysis company data, social media users have shown increased interest in top 1 assets compared to memecoin and other fields. The correlation indicator here is 'social dominance', which is based on another indicator called social volume. Social volume basically tells us the amount of discussion about a specific topic or term on major social media platforms. This indicator is measured by counting all posts/topics/messages that mention the keyword at least once. The reason why this indicator is not simply counted by the number of mentions is that the value cannot be distorted by just a few long posts. When social volume surges, it means that users on social media are talking about the term, not just a small circle. Now, the metric of actual interest here - social dominance, tracks the percentage of the total social volume of a currency or a group of currencies currently occupying the top 100 Cryptocurrencies by Market Cap. Figure 1 shows the chart shared by the analysis company, displaying the social dominance trends of the four segments in the industry over the past month. The social dominance of the top 6 Layer 1 assets has recently been the highest in the field. The 'Layer 1' network refers to blockchains that handle their own security and are not built on top of another network. Networks built on these mainchains are referred to as Layer 2. Some of the top Layer 1 Tokens include BTC, Ethereum (ETH) and Solana (SOL). Although these Layer 1 Tokens currently dominate the discussion in the field, it was not the case earlier this month. At that time, other parts of the industry instead became the focus. As can be seen from the chart, top Layer 2 Tokens such as Polygon (MATIC) and top meme Tokens such as Dogecoin sparked widespread discussion on social media. Although this does indeed mean that investors are currently uninterested in assets such as Dogecoin, the fact that they follow BTC and other top currencies may actually be beneficial to the entire industry. The analysis company explained, "When people follow the highest price (a cautious sign) rather than speculative assets (a greedy sign), the continuous pump of Cryptocurrency is most common." The current trading price of Dogecoin is about $0.129, which has fallen more than 4% in the past week. (Data Source: Keshav Verma)

Golden Finance reported that the data of Non-fungible Token market Magic Eden shows that after the attempted assassination of the former US president, the original version of the Trump digital trading card on Polygon on-chain surged to 933 MATIC (502 USD), and the floor price soared to a historical high, then the price dropped to around 762 MATIC (410 USD).