On-chain speculation enthusiasm continues to rise as old meme coins and new mechanism tokens rally together

BlockBeats news, on May 10, as the market recovers, on-chain activity continues to heat up. The old meme coins TROLL and GIGA in the Solana ecosystem have risen significantly, while the Ethereum hotspot continues to revolve around speculation on Hook mechanism coins.

According to GMGN data, TROLL's 24-hour increase reached 81.2%, with a market cap of $83.9 million;

GIGA's 24-hour increase reached 49.8%, with a market cap of $37.13 million;

On the other hand, Hook mechanism coins on Ethereum mainnet are still in a stage of successive "innovation" and speculation.

Among them, LOOP reached a market cap of $3 million within 2 hours of issuance before falling back to $2.55 million. It is reported that the innovation of this mechanism coin lies in its ability to lend out idle ETH in Uniswap V4 liquidity pools (capital originally only used to support trading).

The main leading coin SATO nearly reached an all-time high this morning, now at $28.59 million, with a 24-hour increase of 21.14%.