BNB breaks through the $800 mark

Yi Lihua, founder of Liquid Capital, said that the reasons for the decline of the primary encryption market include narrative collapse, supply imbalance, the one plus three unlocking mechanism and high cost of adding currency, among which the average cost of CEX, the leading project online, is $10 million. Yi Lihua calls on Binance to improve its coin selection method, abolish the 1+3 unlocking mechanism, and suggests that cryptocurrency projects return to revenue and buybacks to reward investors with performance growth.

Hyperliquid destroyed 112580 HYPEs worth $10.15 million in the past 24 hours. The estimated 24-hour cost for Hyperliquid is $989000, with a revenue of $9.85 million on the 7th and $52.06 million on the 30th. At present, a total of 49.25 million HYPE have been permanently removed from supply, with a value of approximately 4.45 billion US dollars.

The price of Binance BNB/USDT has reached a nearly six-month high, currently at $808.05, up 2.85% in 24 hours, with a transaction volume of $71.85 million. After reaching a new high in price, there is a high probability of a price correction. (AiCoin Research Institute)

[Greg Solano: Pranksy Once Sold BAYC Assets and Promoted Knockoff Projects] BAYC co-founder Greg Solano responded to Pranksy's criticism that BAYC ruined NFTs, accusing Pranksy of selling BAYC assets worth $2 million, which could have been valued at $500 million, and promoting numerous knockoff copycat projects.

The trader holds 1.38 million long positions in HYPE on Hyperliquid, valued at $124.5 million, with an opening price of $38.68 and a closing price of $76.34. Currently, there is a floating profit of $71.13 million, with a paid capital fee of $6.3 million and a cumulative profit and loss of $63.22 million. The address is 0x082e... dca88. （Onchain Lens）