Key Market Insights for April 11th, How Much Did You Miss Out?
Top News
2. CEX Spot Flow In/Out Top 24H: Bitcoin Net Outflow of $162M
3. WLFI's USD Stablecoin USD1 Surpasses 100 Million Circulation on BSC
5. Morpho: Front-End Security Verified, No Further Action Required from Users
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
WAYFINDER: Discussions around WAYFINDER today have largely focused on the launch of the $PROMPT token. In the initial phase, over 1.12 billion $PROMPT tokens were distributed to Cache Stakers, representing approximately 28% of their total rewards. The remaining 72% will be gradually released over the next 12 months, with the caching plan continuing until June 2027. Additionally, a social task led by Kaito allocated 20 million $PROMPT tokens, with 5 million distributed to emerging Yappers based on social media activities. The launch encountered some technical issues, including a MEV frontrunning vulnerability, leading to a claim pause and community dissatisfaction. Despite these challenges, optimism about the project's potential remains high, with some users emphasizing the innovation of its AI-driven platform.
KAITO: Today, the discussion around KAITO mainly focused on some technical issues related to the $PROMPT airdrop claiming process. This issue specifically targeted EthSign/Tokentable, where a frontrunner MEV actor exploited their claiming flow. While some users expressed discontent with the distribution process, many users were satisfied with the rewards obtained through social airdrops.
BABYLON: Today, the discussion around BABYLON centered on the launch of Babylon Genesis, the first Layer 1 blockchain secured by Bitcoin, and the introduction of the $BABY token. The launch saw widespread participation from the crypto community, mentioning collaborations with major exchanges such as Binance, OKX, and Bybit, as well as projects like Axelar and Cosmos. The price of the $BABY token saw a significant increase, with concerns raised about its tokenomics, especially regarding internal distribution and staking rewards. This launch was seen as a pivotal moment for Bitcoin DeFi, with Babylon's staking protocol providing new earning opportunities for BTC holders.
OPENLEDGER: Today, the discussion around OPENLEDGER highlighted its significant progress in decentralized AI and blockchain integration, with a focus on its attribution proof mechanism ensuring transparency for data contributors and fair rewards. The ongoing Yaptopus competition on the platform offered top contributors 2 million OPN tokens, generating considerable interest. Furthermore, OPENLEDGER's partnerships with major projects and its innovative AI agents are seen as game-changers in the AI and Web3 space. The community is also excited about the upcoming mainnet launch and the potential for new AI-driven decentralized applications.
WALLETCONNECT: WalletConnect (WCT) garnered widespread attention on Twitter due to its upcoming launch on the Binance Launchpool on April 15. Users can start farming WCT by staking BNB, FDUSD, and USDC from April 11 onwards. The initial circulating supply of the token is set at 186 million, with a total supply of 1 billion. Discussions emphasized the token's utility, staking mechanics, and its role in enhancing Web3 connectivity. The anticipation of its listing on major exchanges like Binance, Bitget, KuCoin, MEXC, and OKX is driving discussions.
Featured Articles
As a "contract gambler" famous for his hundredfold leverage, Liang Xi once set a myth of earning 40 million in a month but also went bankrupt and owed 130 million. From live streaming drinking pesticide, claiming to be transgender, to generously donating 400,000 to help patients, this combination of "genius and madman" continues to create topics. Although he has recently made a comeback with precise short-term operations, the roller-coaster trajectory of his wealth reflects the high risk of leverage trading in the coin circle and the survival dilemma of grassroots retail investors.
The event originated from an airdrop event collaborated on by Kaito and Wayfinder, which was exploited by MEV bots due to a contract configuration vulnerability. Many users did not receive tokens, while arbitrageurs profited over 120 ETH. At the same time, early $PRIME stakers suffered heavy losses due to token price drops and imbalanced airdrop allocations, triggering dissatisfaction with the project's reward mechanism. Although TokenTable has promised to compensate for user losses, the event exposed the design flaws of the airdrop mechanism and MEV risks, sparking industry discussions on token distribution fairness.
On-chain Data
April 11 On-chain Fund Flow
You may also like

February 10th Key Market Information Gap, A Must-See! | Alpha Morning Report

About ERC-8004: Everything You Need to Know

ai.com's Debut Flop: After $70 Million Transaction, Did It Get a '504' Timeout?

FedNow versus The Clearing House: Who Will Win the Fed Payments Fray?

Recovering $70,000 in Lost Funds: The "Fragile Logic" Behind Bitcoin's Rebound

Mr. Beast acquires Step, Farcaster Founder Joins Tempo, what are the international crypto circles talking about today?

February 9th Market Key Intelligence, How Much Did You Miss?

After being questioned by Vitalik, L2s are collectively saying goodbye to the "cheap" era
WEEX AI Trading Hackathon Paris Workshop Reveals: How Retail Crypto Traders Can Outperform Hedge Funds
Witness how WEEX's Paris AI Trading Hackathon revealed AI's edge over human traders. Explore key strategies, live competition results & how to build your own AI trading bot.

U.S. Oil (USOR) Price Prediction 2026–2030
Key Takeaways U.S. Oil (USOR) is a speculative Solana-based crypto project that aims to index the United States…

USOR Surges on Meme Narrative Despite No Real-World Asset Backing
Key Takeaways: USOR, a Solana-based token, has seen a notable surge driven by speculative narratives rather than verifiable…

How to Buy U.S. Oil Reserve (USOR) Cryptocurrency
Key Takeaways U.S. Oil Reserve (USOR) is a Solana-based token primarily traded on decentralized exchanges (DEXs). Claims have…

USOR vs Oil ETFs: Understanding Why the ‘Oil Reserve’ Token Doesn’t Track Crude Prices
Key Takeaways The U.S. Oil Reserve (USOR) token has become noteworthy for its claims, yet it does not…

Trend Research Reduces Ether Holdings After Major Market Turbulence
Key Takeaways: Trend Research has significantly cut down its Ether holdings, moving over 404,000 ETH to exchanges recently.…

Investors Channel $258M into Crypto Startups Despite $2 Trillion Market Sell-Off
Key Takeaways: Investors pumped approximately $258 million into crypto startups in early February, highlighting continued support for blockchain-related…

NBA Star Giannis Antetokounmpo Becomes Shareholder in Prediction Market Kalshi
Key Takeaways: Giannis Antetokounmpo, the NBA’s two-time MVP, invests in the prediction market platform Kalshi as a shareholder.…

Arizona Home Invasion Targets $66 Million in Cryptocurrency: Two Teens Charged
Key Takeaways Two teenagers from California face serious felony charges for allegedly attempting to steal $66 million in…

El Salvador’s Bukele Approval Reaches Record 91.9% Despite Limited Bitcoin Use
Key Takeaways: El Salvador President Nayib Bukele enjoys a record high approval rating of 91.9% from his populace,…