LXP can really be exchanged for tokens, not T-shirts.
Written by: Alex Liu, Foresight News
Illustration by: Kiet, Foresight News
Note: "Weekly Hot Search" statistics are compiled from user search results on Foresight News from last Friday to this Thursday (November 8 to November 14), with case variations of the same concepts merged.
Linea to Launch Tokens
The Ethereum Layer 2 network "Linea," developed by Consensys, announced the establishment of the Linea Association at the Devcon conference in Bangkok, Thailand, on November 13. The Linea Association is a non-profit organization based in Switzerland, aimed at promoting the growth and governance of Linea. The newly established association has three main goals: to support Linea technology, develop the Linea market, and further advance Linea's decentralization roadmap.
One of the core features of the Linea Association's operations is token holder governance, which means that the Linea token will be launched by the end of Q1 2025. According to the plan, the Linea Association will be able to provide governance rights to token holders, allowing them to participate in certain activities of the association, which will be responsible for managing the core Linea intellectual property and treasury to support its mission.
"Airdrop" hunters may be able to exchange their LXP for Linea tokens! Previously, due to Consensys being a U.S. company under regulatory pressure, its products, including Metamask, had never issued tokens, leading to jokes that LXP would ultimately only be redeemable for T-shirts and other souvenirs. I, unable to endure the PUA, didn't create an account, but I wish the friends who persevered the best.
Small Market Cap Meme Soars
With Binance announcing the listing of Act I: The AI Prophecy "ACT" and Peanut the Squirrel "PNUT" and opening USDT spot trading pairs on November 11, the market caps of these two memes surged in a short time. ACT increased over 10 times in 10 minutes, with its market cap skyrocketing from $20 million to $240 million.
The Foresight News team spent 1558 SOL (about $318,000) to buy 10.9 million ACT just 2.4 seconds after the "Binance lists ACT and PNUT" announcement, making millions in unrealized gains. How did he do it? Recommended reading: Buying 2 seconds after listing, "news trading" makes millions in 10 minutes?
SUI
SUI remains hot on the search rankings. On November 14, SUI broke through 3.5 USDT, setting a new historical price high. What are the latest developments in its ecosystem?
- Adeniyi Abiodun, co-founder of Mysten Labs, posted about the secure, multi-path, inter-domain routing architecture SCION, stating that the goal is to have the Sui mainnet running on SCION by the end of the year. Sui is the first Layer 1 project to run on SCION (currently in the testnet).
- The Crypto.com App has supported native USDC on the Sui network.
- Warped Games has chosen Sui as the preferred blockchain for its upcoming Warped Universe game, an innovative multi-genre game that allows players to engage in third-person real-time action, turn-based strategy, and base building. The game is built using Unreal Engine 5 and will leverage Sui to empower players to own, trade, and monetize in-game assets.
- Rooter, founder of the Solana ecosystem lending protocol Save (formerly Solend) and the Sui ecosystem lending protocol Suilend, posted on X stating, "Our development speed on Sui is 2 times faster than on Solana."
- The Sui ecosystem domain service Sui Name Service announced that the NS token airdrop is now open for claims.
Large Market Cap Meme Rises Again
Elon Musk retweeted the announcement of the "Trump" administration appointing him to lead the government efficiency department, which mentioned "DOGE" twice, causing the price of "Doge," the largest meme coin by market cap, to surge, repeatedly reaching 0.4 USDT during the week.
With Robinhood listing PEPE spot trading and Coinbase adding PEPE to its listing roadmap, "PEPE" also rose to a new historical high.
More Hot Terms Delivery
- Binance Launchpool and pre-market trading will launch "Usual" (USUAL). Users can deposit BNB and FDUSD into the USUAL reward pool on the Launchpool website starting from 8:00 on November 15 to earn USUAL, with the activity lasting a total of 4 days. Additionally, Binance pre-market trading will launch USUAL at 18:00 on November 19, opening the USUAL/USDT trading market.
- Blackrock's tokenized fund BUIDL will launch on "Aptos."
- "BTC" broke through 93,000 USDT on November 14, setting a new historical high.
"Devcon" 2024 will be held in Bangkok, Thailand, from November 12 to November 15, 2024, with today being the last day. Devcon is an Ethereum conference aimed at developers, thinkers, and makers, with the mission of bringing decentralized protocols, tools, and culture to people. Previous summits have been held in Berlin, London, Shanghai, Cancun, Prague, Osaka, and Bogotá.
Currently, there are 280 surrounding events. For more details, see: Overview of nearly 280 surrounding events for Devcon 2024
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