Bitget Research Weekly: Bitget Launchpad debuts group purchase model; Celestia confirms end-of-month airdrop
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Bitget Research Weekly: Bitget Launchpad debuts group purchase model; Celestia confirms end-of-month airdrop
Focusing on on-chain data, weekly news roundup.
Navigating Web3 tides with focused insightsOver the past week (10.23–10.27), several new trending cryptocurrencies and topics emerged in the market.
1. Market Trends
The most discussed topics in the market this week (10.23–10.27) were:
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Bitget Launchpad introduced a group-buy model for the first time; Ethereum Layer 2 TVL rose to $11.9 billion
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BTC consolidating at high levels while altcoins continue rising; Fear & Greed Index recovers to bull-market levels
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Volatility in the crypto market continues to rise; Memeland token launch imminent
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BlackRock’s proposed spot Bitcoin ETF has been registered on DTCC; entire crypto market surges
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BTC price stabilizes above $30,000; Celestia confirms end-of-month airdrop
2. Popular Projects
The hottest projects this week (10.23–10.27) include:
T2T2 (Token): Bitget announced its new Launchpad project T2T2, with participation options including individual investment and a newly introduced group-buy model. After the event starts, all users can form groups freely. Users who complete KYC and hold ≥50 BGB are eligible to participate, with teams requiring three members. Existing users can only initiate groups, while newly registered users may either initiate or join groups. For non-grouped participants, the maximum investment allowed is based on their average BGB holdings during the statistics period; grouped participants can invest up to twice their average holding.
LINK (Token): LINK has seen highly active on-chain activity recently. This morning, an FTX/Alameda-associated address transferred 253,862 LINK (approximately $2.67 million) and 1.59 million AGLD (approximately $1.34 million) to Coinbase. According to Nansen data, LINK ranked second in 24-hour capital inflows among Smart Money on Ethereum, with around $3.9 million.
MEMELAND (Token): The community presale for MEME, the token of NFT project Memeland, has concluded. On-chain data shows the presale raised 8,737 ETH, worth approximately $15.67 million. MEMELAND is an NFT collection launched by internet meme platform 9GAG and has generated significant buzz.
Pudgy Penguins (NFT): Launched in July 2021, Pudgy Penguins consists of 8,888 randomly generated penguin avatars with unique traits. The initial mint price was 0.03 ETH, and all were sold out within a week. In August of the same year, a viral article by New York Times journalist Kevin Roose brought massive attention to Pudgy Penguins, driving its floor price to surpass 3 ETH rapidly. The project’s average floor price is 5.05 ETH, with a daily trading volume of 440 ETH.
Maestro (Dapp): Maestro is a suite of cryptocurrency tools designed for Telegram users, aiming to provide an all-in-one solution for crypto trading and management. It offers features such as multi-chain sniper bots, wallet tracking, automated purchases, and various trading strategies, making it popular among on-chain traders. Regarding a recent hack, the official team stated they have done their best to refund affected users: for nine impacted tokens, they chose to purchase and return the actual tokens rather than simply sending ETH; for the other two tokens (JOE and LMI), insufficient liquidity prevented token buybacks, so they decided to compensate users with equivalent ETH plus an additional 20%.
Uniswap (Dapp): The official platform announced that the governance community has approved allocating $46.2 million to the Uniswap Foundation to support operations over the next two years. Recent on-chain data shows the Uniswap Foundation transferred 6.8 million UNI to a new address and FalconX. Additionally, a Uniswap Foundation-linked address sent 3 million UNI to Wintermute’s Kraken deposit address.
Friend.tech (Dapp): Friend.tech has seen a sharp drop in daily active users recently. Numerous clones have emerged, such as PostTech and Cipher on Arbitrum, Friend3 V1 on BSC, and Tomo on Linea—each offering better user experience and smoother interaction than FT, attracting some traffic. Recently, former top user Vombatus sold 176 of his own Keys for 852 ETH, signaling profit-taking that undermined market confidence.
3. Hot Searches
The most searched topics this week (10.23–10.27) include:
BTC (Token): BlackRock's iShares spot Bitcoin ETF (ticker: IBTC) briefly reappeared on the DTCC website after being removed, but under the "Create/Redeem" field changed from "Y" to "N". The news triggered high volatility in the market.
PEPE (Token): Recently, on-chain data showed that 6.9 trillion PEPE tokens were burned by the PEPE team by sending them to a dead address, worth about $6.55 million. As the broader market rebounded, PEPE surged over 100% in the past three days, leading the MEME sector rally.
AAVE (Token): (1) The Aave community proposal to "purchase GHO from the secondary market to meet short-term DAO funding needs" has passed, with plans to acquire approximately 1.6 million GHO to support short-term Aave DAO expenses such as grants and event sponsorships. (2) A new proposal has been submitted to the Aave community suggesting the introduction of aTOKEN to grant voting rights to protocol users, meaning users of AAVE would also have governance rights.
Bitget Research focuses on “tracking on-chain data to uncover valuable assets,” leveraging real-time monitoring of on-chain metrics and regional search trends to identify cutting-edge investment opportunities. To date, it has delivered early access to high-potential assets across trending sectors such as the Arbitrum ecosystem, AI ecosystem, and SHIB ecosystem for Bitget’s global users, creating superior wealth-building outcomes through data-driven institutional-grade insights.
[Disclaimer] The market involves risks; investing carries risk. This article does not constitute investment advice. Readers should consider whether any opinions, viewpoints, or conclusions presented herein are suitable for their specific circumstances. Investment decisions made based on this information are at the user’s own risk.
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