Crypto Market Surge and Celebrity NFT Push Highlight 2023 Trends

Yesterday was packed with significant events spanning the crypto and celebrity spheres. The $PUMP tokenomics was released, revealing a supply of 1 trillion tokens with a fully diluted valuation (FDV) of $4 billion and a price of $0.004 per token. The distribution includes 33% from ICOs, 24% for community and ecosystem, and various allocations to the team, investors, and liquidity providers, with immediate unlocks at TGE. The public sale runs from July 12 to July 15 on multiple exchanges, excluding the US, UK, and likely Russia. Hyperliquid is already trading higher than the public price, suggesting market interest. The opinion considers this tokenomics not as aggressive as $BONK but suitable given the bullish market sentiment, emphasizing the importance of community incentives. GMX pools were hacked for $42 million via a reentrancy attack, leading developers to shut down v1 pools and GLP mining on Arbitrum and Avalanche, while v2 pools remain untouched. This underscores ongoing security vulnerabilities in DeFi, with no recent days free of hacks. In crypto celebrity news, Donald Trump’s Truth Social plans to launch a utility token for subscription rewards and digital wallet integration, while his project WLFI may become tradable after a voting period ending July 16. Also, Justin Sun will purchase $TRUMP tokens for $100 million. On the entertainment front, Snoop Dogg released a music video promoting his collection of gifts on Telegram, referencing a new line of collectibles with improved mechanics and secondary market potential. The collection is associated with @mint, possibly hinting at future launches of exclusive celebrity and project gifts. Overall, the market buzz around new token launches, security issues in DeFi, and celebrity-driven collectibles signals a vibrant, albeit risky, environment for investors and enthusiasts.