PiCK
[Today's Global Trending Coins] Jupiter, Toshi, Shiba Inu, and More
- Jupiter announced a large-scale burn, reducing its supply from 10 billion to 7 billion.
- Toshi is showing price volatility after being listed on Coinbase, trading at $0.00145, up 3.77% from the previous day.
- Bitcoin fell below the $101,000 mark, interpreted as a bull market bottom signal.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
According to the top gainers on the AI-based Web3 search platform Kaito's Token Mindshare (a metric quantifying the influence of specific tokens in the crypto market), the top 5 crypto-related keywords currently attracting the most attention on the 27th are Jupiter (JUP), Toshi (TOSHI), Shiba Inu (SHIB), Bitcoin (BTC), and Tether (USDT).
Jupiter seems to have increased in online mentions due to a large-scale burn today. The Solana-based decentralized exchange (DEX) Jupiter Exchange announced on its official X account that it burned 3 billion Jupiter tokens today. This burn reduced Jupiter's supply from 10 billion to 7 billion. Previously, the Jupiter community passed a proposal last August to burn 30% of Jupiter's supply.
Toshi drew attention with its sharp price volatility after being listed on the global crypto exchange Coinbase on the 24th. The meme coin craze sparked by former U.S. President Donald Trump's cryptocurrency 'Official Trump' is also believed to have influenced this. As of 1:38 PM today, Toshi is trading at $0.00145, up 3.77% from the previous day.
Shiba Inu is speculated to have increased in online mentions due to a price drop today. As of 1:31 PM today, Shiba Inu's price on CoinMarketCap fell by 8.03% from the previous day.
Bitcoin attracted investors' attention as it fell below the $101,000 mark today. CryptoQuant, a cryptocurrency on-chain analysis firm, stated in its weekly analysis report that "(this month) traders' unrealized profit ratio has almost reached zero," interpreting this as a signal that usually indicates a price bottom in a bull market. They added, "While the real demand for Bitcoin is still expanding, the pace has significantly slowed compared to last month," and "For prices to rise significantly, the increase in spot demand must accelerate again."
Tether has drawn attention due to the possibility of delisting in the U.S., following Europe. Brian Armstrong, CEO of Coinbase, recently stated that if new stablecoin regulations are introduced in the U.S., Tether may have to be delisted. Coinbase already delisted Tether from the European market last month.