News

BlockBeats News, June 8th, according to GMGN monitoring, the Solana ecosystem Meme coin WORLDCUP has been on the rise since the weekend, with its market value reaching a high of $9.5 million and is now trading at around $8.8 million. It has seen a cumulative increase of 130% in the past two days, with a 24-hour trading volume of $1.7 million. It is reported that the narrative of this Meme coin originates from the 2026 FIFA World Cup, which will officially kick off on June 11th, just 3 days away. WORLDCUP is the main token of its community, and the community has simultaneously launched Meme coins for 48 participating national teams, with 50% of each national team's token transaction fees used to buy back the WORLDCUP main coin. Among the current 48 national team Meme coins, the highest market value is for FRANCE, trading at around $410,000, followed by PORTUGAL and SPAIN. BlockBeats reminds users that Meme coin trading is highly volatile, relying heavily on market sentiment and speculative hype, without actual value or use case. Investors should be aware of the risks.

BlockBeats News, June 8th, Bitwise CEO Hunter Horsley stated that participants in the crypto industry should "take a longer-term perspective." Unless they are short-term traders, investors should not focus too much on weekly or monthly price fluctuations. Instead, the focus should be on two aspects: the substantive progress of the project itself and the performance on a longer-term annual basis. This includes on-chain usage, technological progress with product-market fit, integration of major corporations and institutions in the field, development and implementation progress, as well as core factors such as team quality and execution ability. Although the market will not follow a linear development path, from 2022 to 2026, the industry fundamentals are continuously and significantly improving. Investors should recognize that this is a long-term process, and the ultimate outcome will be determined by fundamentals.

On June 8, according to monitoring by Lookonchain, despite the market beginning to rebound, pension-usdt.eth has maintained a bearish stance. Nine hours ago, he added another 10,000 ETH short position (approximately $16.8 million), bringing his total short position to 60,000 ETH (about $101 million). Notably, pension-usdt.eth has now recorded 22 consecutive profitable trades, with total profits exceeding $45 million.