BTC continues to exhibit a narrow range of fluctuations, while ETH shows relative strength; yesterday, ETH ETFs saw a net inflow of $109 million, with a total of $744 million in inflows over the past 12 trading days; altcoins are mixed in performance, lacking a collective narrative; HYPE has increased by 84.56% in the past month, just a step away from its historical high; Falcon Finance’s stablecoin supply has surpassed $500 million and may introduce a governance token in the future.

• Market Commentary: BTC has risen 0.11% in the past 24 hours, currently priced at $105,696; ETH has increased by 1.29% in the past 24 hours, currently priced at $2,637.
• Hot Tokens: The most popular altcoins in the past 24 hours are ME (+24.92%), ANIME (+13.35%), and HYPE (+2.64%).
• Alpha Insights: Pump.fun may launch a $1 billion token sale; Falcon Finance’s stablecoin supply has surpassed $500 million.
• Gate Launchpool: Sophon Network is launching on Gate Launchpool, allowing users to stake BTC, GT, or SOPH before June 8, 2025, 8:00 PM to receive SOPH tokens for free, with a total airdrop of up to 24 million SOPH.

Explore today’s details → Gate Research: Pump.fun May Launch $1 Billion Token Sale | HYPE Surges Over 80% in the Past 30 Days

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, trending insights, market reviews, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer
Cryptocurrency investment involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions.

Gate Team
Jun 4th, 2025

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