Bitget Research Weekly Highlights: Meme sector sees broad pullback; Bitget exclusively launches first BRC20 Launchpad project BIP1
TechFlow Selected TechFlow Selected
Bitget Research Weekly Highlights: Meme sector sees broad pullback; Bitget exclusively launches first BRC20 Launchpad project BIP1
Focusing on on-chain data, weekly news roundup.
Navigating Web3 tides with focused insightsOver the past week (5/8–5/12), several new trending cryptocurrencies and topics emerged in the market.
1. Market Trends
The most discussed topics in the market this week (05.08–05.12) were:
- Milady began to correct, and the BRC-20 market continued its downward trend
- After CPI data brought positive sentiment, the broader market fluctuated; meme coin LADYS led a new wave of meme speculation
- BRC-20 sector remained hot, with Bitget exclusively launching the first BRC-20 Launchpad project, BIP-1
- Meme coins collectively crashed, while new Ethereum-based memes suffered continuous MEV attacks
- BRC-20 tokens became market focal points, and meme sector热度 remains high
2. Popular Projects
The hottest projects this week (05.08–05.12) included:
LADYS (token): A meme token launched by the Milady community, with 1% airdropped to Milady NFT holders. It was neither officially recognized nor endorsed, but rather initiated by a small community group. The token started surging late yesterday due to investment from DWF and Elon Musk sharing a Milady profile picture, triggering speculative inflows. Today, the largest LADYS address was blacklisted by the project team, further spiking the price. The token's market cap has reached $160 million—up 100x from yesterday’s low—with a 24-hour trading volume of $150 million.
MEMEME (token): A meme coin issued by the Milady community, with 4% airdropped to Milady’s official wallet. Supported by the community founder, the project currently rides on the momentum of $LADYS due to its name not being directly linked to Milady. It holds a market cap of $6 million and a 24-hour trading volume of $11 million.
BEN (token): A six-day-old meme coin inspired by a puppy, featuring a minimalistic website. Due to its strong meme appeal, it recently became a focal point for on-chain trading. Today saw over 60% pullback in price. On-chain liquidity stands at $2.4 million, with a 24-hour trading volume reaching $38.92 million.
CAPO (token): A highly viral meme coin created by a KOL with 150k followers. Twitter Trending showed 108k tags containing $CAPO in the last 24 hours, indicating high social热度. On-chain activity includes 20,441 transactions in the past 24 hours, with trading volume hitting $14 million.
Milady Maker (NFT): A recently viral NFT collection. On May 10, Elon Musk tweeted an image featuring this NFT, causing both the LADYS token and the NFT to surge. Trading volume spiked rapidly, with floor price doubling at one point before pulling back to around 5 ETH.
Uniswap (Dapp): With ongoing meme coin rallies, most meme liquidity pools are built on Uniswap, driving rapid growth in its usage. Currently, Uniswap-related contracts dominate the top spots on ETH’s main transfer leaderboard.
Mev Bot (Dapp): The recent explosion in meme coins has significantly increased MEV activity. Among them, the address jaredfromsubway.eth is the most active, holding an ETH balance worth $440,000, actively trading various memecoins, and spending hundreds of ETH in gas fees alone over the past 24 hours.
Paraspace (Dapp): Yesterday, multiple KOLs warned about internal conflicts within the NFT lending protocol ParaSpace’s team and advised users to withdraw funds immediately. The news quickly spread across the community, prompting many users to panic and withdraw their assets despite high gas fees. ParaSpace co-founder Yubo acknowledged disagreements with the former marketing team over cooperation details.
3. Hot Searches
The most discussed topics this week (05.08–05.12) were:
Bitcoin (Token): U.S. April CPI rose 4.9% year-on-year, marking the "tenth consecutive decline" and coming in below expectations, with a 0.4% month-on-month increase. After the release, CME's "Fed Watch" tool showed the probability of the Fed holding rates steady in June rose from 79.9% to 90.6%, while the chance of a 25-basis-point hike dropped from 20.1% to 9.4%. Shifting macro policy sentiment利好the crypto market, leading BTC to rebound noticeably post-announcement.
LADYS (token): A meme token launched by the Milady community, with 1% airdropped to Milady NFT holders—unofficial and community-driven. Influenced by DWF investment and Elon Musk sharing a Milady avatar, the token began rallying amid speculative inflows. Its market cap surged to $160 million before dropping to $63 million as the broader market corrected—gaining 100x in a day, then falling 60%. Extreme volatility calls for caution.
ARB (token): Arbitrum’s official Twitter stated that Arbitrum is the only network returning all surplus transaction fee revenue to its DAO. Users on Arbitrum One pay fees for every transaction, accumulating 3,352 ETH so far. On May 10, a community proposal was launched to distribute part of the DAO revenue to ARB holders, sparking discussion and potentially expanding ARB’s utility beyond standard governance functions. Recently, ARB has shown relative strength during broader market declines.
Bitget Research focuses on “tracking on-chain data to uncover valuable assets,” continuously monitoring on-chain activity and regional search trends to identify early-stage investment opportunities. To date, it has delivered institutional-grade insights to Bitget’s global users on early value plays in trending sectors such as the [Arbitrum Ecosystem], [AI Ecosystem], and [SHIB Ecosystem], creating superior wealth effects through data-driven research.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
