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Altcoin volumes are ‘more concentrated’ than ever
Altcoin volumes are ‘more concentrated’ than ever

Altcoin trade volume has returned to pre-FTX levels, but with a shrinking pool of market leaders

Blockworks·2025/04/05 18:57
The Funding: Why stablecoins are a top bet for crypto VCs
The Funding: Why stablecoins are a top bet for crypto VCs

Quick Take This is an excerpt from the 25th edition of The Funding sent to our subscribers on April 6. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.

The Block·2025/04/05 16:00
Flash
  • 17:51
    Pump.fun's Dominance Threatened by Emerging Platforms as Daily "Graduation" Token Share Drops Significantly
    According to Dune data cited by Lookonchain, Pump.fun's dominance is being challenged by new platforms such as Letsbonk.fun, Believe, and LaunchLab. Among the daily "graduation" tokens in the current market, Pump.fun has decreased from over 98% to 57.5%. Letsbonk.fun accounts for 17.9%, Believe for 12.9%, and LaunchLab for 5%. The most popular recent memes (LAUNCHCOIN, GOONC, DUPE, Hosico, etc.) have been launched on Letsbonk.fun or Believe.
  • 17:50
    Kaito: Previously Signed Market-Making Agreement with Web3Port, but Terminated Cooperation Before Exchange Investigation in March
    Kaito Al disclosed on the X platform that on February 17, Kaito signed a market-making agreement with Web3Port and voluntarily terminated the transaction on February 27. This agreement was one of several market-making agreements Kaito reached around the TGE on February 20, aimed at supporting the stability of the initial trading price. In less than a week, Kaito felt that Web3Port's execution deviated from the original intention and quickly decided to terminate the project. This incident occurred before the negative reports about Web3Port and the subsequent exchange investigation in March. Since the TGE, the Kaito Foundation has never sold any KAITO tokens. In fact, through an ongoing buyback program, the Kaito Foundation has consistently been a net buyer of the token.  
  • 17:50
    Whale Sells 197 WBTC On-Chain for $20.44 Million
    May 14 news, according to Ember monitoring, in the past half hour, a whale transferred 197.1 WBTC from a CEX to an on-chain address, sold it at a price of $103,697, and exchanged it for $20.444 million USDT. Subsequently, the USDT was transferred back to the CEX, suspected to have completed a short-term arbitrage operation.
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