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🔸 Opening remarks
📈 Bullish
Well, I just skimmed the CoinGecko 24-hour trending list—six projects are crowding the top, but really only two or three are worth digging into. To put it bluntly, the trending list always has plenty of “water.” Some are pump-and-dump plays by low-quality coins, while others have real narratives and follow-through from capital. Personally, I prefer to first filter out anything that’s surged more than 50% in 24 hours but has little trading volume—those are very likely just chart games, and the risk of catching the falling knife is too high. After filtering, KAITO (+24%), Espresso (+26%), and Pudgy Penguins (+5.6%) are structurally still relatively healthy. Then take a look at Shiba Inu: market cap #30, up +15% in 24 hours. For a long-established meme coin, sudden movement like this is often a sign of large funds rebalancing. BitMart is down nearly 60%—so I’ll just pass; catching falling knives isn’t my style. Overall, the core sentiment behind this trending wave is: the AI narrative is still continuing, the new Layer 1 chain narrative is fermenting, and the older memes are doing a technical rebound. Let’s talk one by one.