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🔥 Market Brief Monday - 27/05
+ Former President Donald Trump continues to attract crypto voters, declaring his desire to revive the cryptocurrency industry in the United States [CT]
+ Community Arbitrum vote proposes to sponsor $221M ARB GameFi development within the next 3 years [CT]
+ FRIEND dump 30% when friend. tech intends to leave Base due to competition from Farcaster [CT]
+ Memecoin $NORMIE Base system is under attack, the hacker only keeps 10% of stolen ETH and returns the remaining 90% [CT]
+ Sol deBridge is the next project to be launched on Jupiter Launchpad [CT].
Macroscopic:
+ The US updates Q1 GDP index at 19:30 on 30/05 - Forecast = 1.3%, previous release = 1.6%
+ The US announces PCE inflation for April at 19:30 on 31/05 - Expected to decrease slightly.
PCE Y/Y (Forecast = 2.6%, previous month = 2.7%)
Core PCE Y/Y (Forecast = 2.7%, Previous month = 2.8%)
Token Unlocks: [CT]
- 31/05: Optimism unlock 24,160,000 $OP (2.9% circulating supply), worth $79M.
- 31/05: Echelon Prime unlock 1,660,000 $PRIME (4.23% circulating supply), valued at $32M
- 01/06: 1inch unlock 98,740,000 $1INCH (8.52% circulating supply), valued at $41M
- 01/06: Unlocking 65,080,000 $SUI (2.78% of circulating supply), valued at $68M.
- 01/06: dYdX unlocks 33,330,000 $DYDX (11.9% circulating supply), valued at $68M.
- 01/06: Ethena unlock 53,600,000 $ENA (3.62% circulating supply), valued at $49M
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