According to top gainers from Web3 AI-powered research platform Kaito’s Token Mindshare (a metric quantifying the influence of specific tokens in the crypto market), the top 5 crypto-related keywords currently attracting most attention on the 27th are Jupiter (JUP), Toshi (TOSHI), Shiba Inu (SHIB), Bitcoin (BTC) and Tether (USDT).
Jupiter appears to have increased in online mentions due to large-scale burning today. Solana-based decentralized exchange (DEX) Jupiter Exchange announced on its official X account that it burned 3 billion Jupiter tokens today. This burn reduced Jupiter’s supply from 10 billion to 7 billion. Previously, the Jupiter community passed a proposal last August to burn 30% of Jupiter’s supply.
Toshi attracted attention for its high price volatility after being listed on global crypto exchange Coinbase on the 24th. The coin craze sparked by the cryptocurrency’s “Official Trump” is also believed to Former US President Donald Trump also influenced this phenomenon. As of 1:38 p.m. today, Toshi is trading at $0.00145, up 3.77% from the previous day.
Shiba Inu reportedly has increased mentions online due to a price drop today. As of 1:31 p.m. today, the Shiba Inu price on CoinMarketCap fell 8.03% from the previous day.
Bitcoin caught the attention of investors by falling below $101,000 today. CryptoQuant, a cryptocurrency on-chain analysis company, said in its weekly analysis report that “(this month) the unrealized profit rate of traders almost reached zero”, interpreting this as a signal usually indicating a low price in a bull market. They added: “Although actual demand for Bitcoin continues to increase, the pace has slowed significantly compared to last month” and “For prices to rise significantly, the increase in spot demand must speed up again.”
Tether has attracted attention due to the possibility of delisting in the United States, following Europe. Brian Armstrong, CEO of Coinbase, recently said that if new regulations on stablecoins are introduced in the United States, Tether may have to be delisted. Coinbase already removed Tether from the European market last month.