Crypto Market Weekly Review

Market Overview

This week, the crypto market continues its strong momentum. Bitcoin ETFs have seen net inflows for three consecutive weeks, with last week's net inflow reaching $920 million. The price of Bitcoin briefly touched a high of $105,000, with the potential to set a new historical high in May. Market sentiment remains positive, with the greed and fear index climbing into the greed zone.

On the Ethereum side, despite a net outflow of $38 million from ETFs, its price has surged significantly from the $1,800 range to $2,600, with a maximum daily increase of 25%. The ETH/BTC exchange rate has risen notably, currently around 0.024. The market share of Ethereum has also rebounded from about 7% to 9%. It is worth noting that the recent upward trend of Ethereum seems to be less correlated with ETF fund flows, and some viewpoints suggest that this may only be a short-term rebound, as several indicators are at historical lows.

Performance of Popular Cryptocurrencies

This week's standout tokens include MOODENG, GOAT, PNUT, PI, and KAITO. Among them, MOODENG experienced the most astonishing increase, rising by 566.53% during the week, with a peak price of 0.2889USDT and a current market capitalization of approximately 260 million USD. GOAT followed closely with a rise of 212.9%, reaching a peak price of 0.2503USDT. PNUT also achieved a growth of 167.6%.

Overview of the US Market

The US stock market showed mixed performance. The S&P 500 index fell by 0.8%, the Dow Jones Industrial Average dropped by 1.2%, and the Nasdaq index decreased by 1.5%. Market fluctuations were mainly influenced by uncertainty over tariff policies and differences in corporate earnings reports. The tense US-China trade relations and increased restrictions on chip exports put pressure on technology stocks. Intel's disappointing earnings weighed on the Nasdaq, while Tesla's strong performance provided some support for the S&P 500.

Important Economic Data and Events

• Monday: Federal Reserve officials give a speech
• Tuesday: US April CPI data released
• Thursday: U.S. Initial Jobless Claims for the week, April PPI data released; Federal Reserve Chairman Powell attends the event.
• Friday: The preliminary value of the U.S. May one-year inflation rate expectation is announced.
• Saturday: Federal Reserve officials Barkin and Daly will speak.

Popular Sector Analysis

The Meme coin sector has performed remarkably, with multiple projects such as MOODENG, GOAT, and CHILLGUY experiencing significant increases. Fully circulated popular Meme coins are more favored by the crypto market. MOODENG's daily increase exceeded 130%, and its weekly increase surpassed 6 times, making it the best-performing Meme coin. The listing of MOODENG on multiple trading platforms has stimulated its demand.

The AI agent sector is also showing an upward trend, with tokens such as PIPPIN, SWARMS, and GRIFFAIN rebounding in price, indicating that this track remains a focal point of market attention. However, these tokens are still significantly below their historical highs, reflecting market skepticism towards existing AI agent projects, which may suggest the potential for the emergence of new projects.

Upcoming Unlock Projects

• APT will unlock approximately 11.31 million tokens on May 12, valued at about 58.47 million USD.
• Avalanche plans to unlock approximately 9.54 million AVAX tokens on May 17, 2025, representing 2.49% of the total supply, currently valued at about $329 million. These tokens will be allocated to the team, foundation, and strategic partners, among others. An additional approximately 1.13 million AVAX (valued at about $38.81 million) will be distributed through airdrops.

Risk Warning

Cryptocurrency investments are highly speculative and carry a significant risk of loss. Past performance does not guarantee future results. The value of digital currencies can be highly volatile, and investors should assess risks carefully based on their individual circumstances. This article does not constitute any investment advice.