1. Market Overview

Market Trend: BTC fell sharply, and altcoins as a whole also showed a general downward trend. The transaction volume of small currencies on the chain fell back to the level at the beginning of the year, and market sentiment has reached a freezing point.

US stocks: US stocks rebounded, and the economy is expected to achieve a soft landing, boosting investor confidence.

2. Hot Sector

TRON sector: SUN coins rose, and SUNPUMP is about to launch a new function SUNBOOST. Brother Sun imitated SBF and said he would buy SUN at $0.03. In the past month, TRX has become the best performing L1 public chain.

Small coin sector: SELF coins fell sharply, and a large number of additional issuances after the coin exchange led to increased market selling pressure.

L2 sector: Taiko coins fell sharply. As a ZK Rollup project, Taiko will unlock 20% of its circulation this week, causing market concerns.