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BSC On-Chain Meme Coin Market Sentiment Turns Cold, with Most Up-and-Coming Popular Meme Coins Now Valued at Less Than $5 Million

2 hours ago

On January 30th, GMGN monitoring (via https://gmgn.ai/r/m4TE56o8) indicates on-chain activity on BSC has recently cooled off. Among popular BSC meme coins recently listed on Binance Alpha, **"Here I Am, Stepping on the Horse"** has stayed relatively stable, with a market cap of roughly $30 million. Most other projects have underperformed: - Meme coins added to Binance Alpha in the past 10 days (including "1", "Crying Horse", and "memes") have all fallen below $5 million in market cap. - Amid today’s broader market pullback, these tokens dropped further: "memes" is down 30% in 24 hours, now at a $4 million market cap. For other meme coins launched this month (e.g., "Dark Horse", "Laozi", "Snowball", "Life Candlestick"): - Only "Snowball" still holds a ~$15 million market cap (an 80% drop from its recent high). - All other projects in this group have market caps under $5 million.
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Bhutan's Sovereign Wealth Fund's Aave Lending Health Factor has dropped to 1.15

On-chain data as of January 30 shows the loan-to-value (LTV) ratio of the primary wallet of Bhutan’s sovereign wealth fund Druk Holdings on Aave briefly fell below 1.2, and is now reported at 1.22. Between January 19 and 20, an address linked to Bhutan’s sovereign wealth fund took a leveraged long position on ETH. As of press time, the address holds a total of 116,560 stETH, with an unrealized loss of approximately 15% relative to its cost basis. All of this stETH is currently deposited on Aave: the primary wallet holds 104,000 stETH (valued at roughly $2.84 billion) and has a loan amount of 200 million USDT. Additionally, an address associated with the Bhutanese government has just transferred 100.82 BTC (worth around $8.31 million) to QCP Capital’s address.

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Silver Sees ‘Epic’ Plunge Today, Peter Brandt Emphasizes Silver Miners’ Hedging Demand May Cause Supply-Demand Imbalance

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The Kingdom of Bhutan's government address has transferred 100.82 BTC to QCP Capital, worth approximately $8.31 million

On January 30, blockchain analytics firm Onchain Lens reported that the Bhutanese government’s crypto address has transferred 100.82 BTC (valued at approximately $8.31 million) to QCP Capital’s address, with potential for additional transfers in the future.

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Binance to Launch MEGA Futures Perpetual Contract Trading

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The Whale "pension-usdt.eth" Doubles Down on ETH Short, Increasing Position to $81.8 Million

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Meme Coin ELON's Market Cap Surges to $15 Million Briefly Before Major Sell-Off, Market Cap Currently at $4.5 Million

On January 30, GMGN monitoring data reveals that Solana ecosystem meme coin ELON saw a sharp surge fueled by its listing on Bybit Spot. Its short-term market capitalization hit $15 million but failed to break its previous high, followed by a steep decline. Currently, ELON’s market cap stands at around $4.5 million, with a price of approximately $0.0045. On-chain data shows the average purchase cost for the top 100 addresses is roughly $0.0044. BlockBeats reminds users that meme coin trading is highly volatile, relying heavily on market sentiment and speculative hype with no actual value or use case. Investors should be aware of the risks.

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