Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

On November 21st, when U.S. stocks closed on Thursday, the Dow initially saw a decline of 0.84%, the S&P 500 dropped by 1.55%, and the Nasdaq Composite fell by 2.15%. Nvidia (NVDA.O) decreased by 3.1%, reaching a 5% increase at one point during the trading session. In the cryptocurrency field, Bitcoin dropped to a low of $86,100 at 3:00 am this morning and has now slightly rebounded to $87,200; Ethereum once fell below $2,800 and has now slightly recovered to $2,850. The recent large outflows from spot Bitcoin and Ethereum ETFs, along with the weak pullback in U.S. stocks, have all contributed to the downturn in the cryptocurrency market. Bitcoin mainly fell during the opening hours of the U.S. stock market and then rebounded and recovered during the Asian session, highlighting the selling pressure from the United States. At the same time, the market no longer anticipates a rate cut by the Federal Reserve in December because of the strong job numbers, which have reduced the risk of

November 21st: During the night, the Nasdaq dropped by more than 2%, and the stock markets in Japan and South Korea followed suit. The initial decline of the South Korean KOSPI index rapidly expanded to 4%. The Nikkei 225 index fell below 49,000 points, with an intraday decline of 2.03%. (Oriental Fortune Network)

On November 21st, U.S. Treasury Secretary Yellen stated that the Federal Reserve should pay attention to the data and continue its interest rate cutting cycle. (Associated Press)

On November 21st, the founder of WTF Academy, 0xAA, disclosed in a post that upon the listing of the jesse token issued by Base co-founder Jesse, it was targeted by a "scientist". An address used 67 ETH to purchase 7.6% of the jessy tokens, becoming the first address to buy jesse tokens. The gas fees alone amounted to $40,000. Their average holding cost corresponded to a market value of $2.4 million. Subsequently, when the market value of the jesse token exceeded $10 million, they completed a holding sell-off and made a profit of approximately $1 million.

On November 21st, based on alternative data, the Fear and Greed Index of cryptocurrencies today dropped to 14 (compared to 11 yesterday), with a weekly average of 16, suggesting that the market sentiment is in a state of "extreme fear". Note: The threshold of the Fear Index is 0-100 and consists of the following indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance (10%) + Google Trends Analysis (10%).

On November 21st, according to Coinglass data, within the past 12 hours, there was a combined total of $735 million in liquidations across the entire network. Specifically, there were $650 million in long liquidations and $85.74 million in short liquidations. In the past 24 hours, a total of 227,052 people have been liquidated worldwide, with a total liquidation amount of $830 million. The largest single liquidation took place in the HTX - BTC-USDT pair, reaching $30.9176 million.