BSC On-chain Meme Market Embraces "Cutting the Fat," with Most KOLs Liquidating Their Holdings of Recent Hot Memes

On November 5th, as per Bloomberg, Bitcoin witnessed a maximum decline of 7.4% on Tuesday and breached the $100,000 level for the first time since June. During the past month, long-term Bitcoin holders have offloaded approximately 400,000 Bitcoins, which is equivalent to around $45 billion in outflows, resulting in a market imbalance. This round of decline was primarily driven by the continuous selling pressure in the spot market, with the market focusing on those long-term holders who decided to sell.

On November 5th, as per prnewswire, the U.S. listed company Hyperscale Data, Inc. declared today that it had successfully concluded its previously announced "At-The-Market (ATM)" equity offering program. This has further reinforced the company's balance sheet and expedited its growth plans. Through this program, the company sold a cumulative total of 255,490,454 shares of Class A common stock, generating a total of $125 million. Hyperscale Data has now emerged as one of the few publicly traded companies operating large AI data centers and a vertically integrated Bitcoin mining platform within a unified operating platform.

On November 5th, Binance Alpha launched SentismAI (SENTIS). Currently, it has a market capitalization of $10.21 million and a current price of $0.0523. Eligible users are able to receive an airdrop of 640 SENTIS tokens, which is approximately $33 at the current price.

On November 5th, as per the monitoring of Onchain Lens, BlackRock transferred 34,777 Ethereum (ETH) to Coinbase, with an approximate value of $115 million.