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The memecoin market has crashed to its lowest level of 2025, shedding more than $5 billion in 24 hours as traders flee speculative assets during a broader crypto market drawdown.According to CoinMarketCap, the combined market capitalization of major memecoins plunged to $39.4 billion on Friday — down from $44 billion the previous day — despite a 40% surge in trading volume. The sell-off marks a 66.2% decline from the memecoin sector’s yearly peak of $116.7 billion, reached on Jan. 5.Crypto Market Bleeds $800B in 3 WeeksThe memecoin crash mirrors the broader crypto downturn. CoinGecko data shows the total crypto market cap has fallen from $3.77 trillion (Nov. 1) to $2.96 trillion, wiping out nearly $800 billion in three weeks.At publication time:Bitcoin (BTC): $82,778, down 14.7% over the weekEther (ETH): $2,688, down 16% over the weekThe weakness reflects a widespread retreat from risk across the digital asset sector.Top Memecoins Deep in the Red Across All TimeframesEvery major memecoin in the top 10 by market cap is posting losses across 1-hour, 24-hour, and weekly timeframes — signaling a broad collapse in risk appetite.Weekly losses among major memecoins:Dogecoin (DOGE): –14.10%Shiba Inu (SHIB): double-digit lossesPepe (PEPE): about –20%Bonk (BONK): about –20%Floki (FLOKI): steep declinesDogwifhat (WIF): ~–20%Pudgy Penguins (PENGU): ~–20%Even Donald Trump’s TRUMP memecoin, one of the most resilient during the downturn, fell 11.65% on the week.Across the board, seven-day losses ranged from 11% to over 20%, confirming a sector-wide capitulation.NFT Market Hits Lowest Level Since AprilThe nonfungible token (NFT) market — another speculative segment closely tied to risk sentiment — also saw a sharp contraction.NFT total market cap: $2.78 billion, down 43% over 30 daysLowest since April 2025Reflects ongoing declines in demand for digital collectiblesLargest 30-day NFT losses among top collections:Hypurr (Hyperliquid): –41.1%Moonbirds: –32.7%CryptoPunks: –27.1%Pudgy Penguins: –26.6%Only two collections bucked the trend:Infinex Patrons: +11.3% — the month’s best performerAutoglyphs: –1.9%, the smallest decline among major collectionsSentiment Hits Multi-Month LowsThe synchronized drop across memecoins, NFTs, Bitcoin, and Ethereum reflects a deepening risk-off environment:ETF outflows have hit multi-week recordsMacro uncertainty is risingTraders are reducing exposure to high-volatility assetsLiquidity remains thin across speculative tokensAnalysts warn that until macro conditions stabilize or ETF flows reverse, memecoins and NFTs may face continued pressure.

According to PANews, a16z Crypto has released its '2025 Cryptocurrency Industry Status Report,' highlighting the issuance of over 13 million meme coins as a sign of regulatory gaps in the cryptocurrency sector. The report underscores the urgent need for the United States to enact market structure legislation to provide clearer frameworks for developers and investors in the crypto space.The report suggests that the proposed 'Digital Asset Market Transparency Act,' currently before Congress, could enhance consumer protection through additional safeguards, regulate blockchain-based intermediaries, and establish clearer regulatory pathways for digital commodities if passed.The surge in meme coins over the past year is seen as a reflection of the absence of a regulatory framework. These coins are characterized by high volatility and unprecedented risks, showcasing both the immense potential of cryptocurrencies as an asset class and their well-known speculative investment risks.

Key TakeawaysElon Musk’s Shiba Inu dog, Floki, “returns as CEO” of X in a new post.The Floki memecoin (FLOKI) spiked 28.8% shortly after the post.Musk’s influence over memecoin markets remains strong despite volatility.The memecoin sector lost nearly 40% of its market cap after the Oct. 10 crash.Elon Musk once again sparked a frenzy in the memecoin market after posting a lighthearted video of his pet Shiba Inu, Floki, on his social platform X (formerly Twitter).On Monday, Musk shared that Floki was “back on the job” as CEO of X, accompanied by an AI-generated video showing the dog wearing glasses and a tie, muttering:“Numbers, numbers, numbers? Is this working? Yay.”The post sent the Floki (FLOKI) token soaring 28.8%, jumping from $0.00006572 to $0.00008469 before correcting slightly to $0.00007998, according to CoinGecko.The move underscored Musk’s ongoing influence on speculative crypto assets. Despite repeated market corrections, the billionaire’s social posts continue to drive sharp, short-lived rallies in meme-based cryptocurrencies.Musk’s History With MemecoinsThis is far from the first time Elon Musk has influenced memecoin prices. His playful references to Dogecoin (DOGE) during the 2021 bull run famously helped push the token from fractions of a cent to nearly $0.73.In 2022, Musk faced a class-action lawsuit accusing him of manipulating Dogecoin’s price through his social media activity. The lawsuit was withdrawn in November 2024, but Musk’s impact on the memecoin space has persisted.Memecoin Market Still Recovering From October CrashWhile Floki’s surge brought brief optimism, the broader memecoin sector remains under pressure. According to CoinMarketCap, the category’s total market capitalization plunged nearly 40% during the October 10 crypto crash, dropping from $72 billion to $44 billion.The crash wiped out three months of gains, sending prices back to July levels. Although partial recovery followed, another sell-off on October 18 erased an additional 9–11% of market value amid heightened fear and a $230 billion drawdown across the crypto market.

According to PANews, WorldLibertyFi's multi-signature address conducted a buyback of WLFI tokens valued at $2 million USD1 on the blockchain within the past hour. The transaction involved the repurchase of 6.498 million WLFI tokens at an average price of $0.308 per token.

According to Foresight News, monitoring by @ai_9684xtpa reveals that within half an hour after the WLFI token generation event (TGE), four of the top ten individual holders (ranked 6th, 7th, 8th, and 10th) decided to sell part or all of their holdings. The remaining six holders have retained their tokens.The holders who chose to sell opted to deposit their tokens into exchanges rather than conducting on-chain transactions. These four holders have collectively deposited a total of 1.86 billion WLFI tokens, which accounts for 4% of the total holdings of the top ten individual holders and represents a certain proportion of the unlocked token supply.

According to Binance market data, WLFI opened at 0.2000 USDT on Binance and is currently quoted at 0.2980 USDT. The token has experienced an increase of +48.50% over the past 24 hours.

According to BlockBeats On-chain Detection, recent data from Arkham reveals that World Liberty Financial's official address has purchased 3.26 million WLFI tokens for $1 million USD1 through Cow. This transaction occurred 13 minutes prior to the report.

According to BlockBeats, market data indicates that WLFI is currently priced at $0.3428 on the Solana network. This price shows a significant discrepancy compared to its value on centralized exchanges (CEX).

According to BlockBeats, Donald Trump Jr., co-founder of World Liberty Financial, announced on social media the launch of the WLFI token. He described the day as significant, emphasizing that WLFI is not a meme coin but a governance pillar of a genuine ecosystem, aiming to transform the flow of funds. 

According to BlockBeats, CoinMarketCap CEO Rush has addressed user concerns regarding the data on WLFI token supply. The previously released information was based on the latest data provided by the WLFI team earlier today. However, these figures may be subject to adjustments as the token undergoes allocation prior to its initial listing.CoinMarketCap has reached out to the WLFI team for clarification, emphasizing that all data originates from the project team and is verified by them. The platform will continue to update users with the latest developments.

According to PANews, a security incident involving the theft of WLFI tokens from a private investor has been disclosed by SlowMist's Cosine on the X platform. The theft occurred due to a private key leak, which led to the exploitation of the EIP-7702 phishing mechanism. This mechanism was strategically set up by phishing groups, potentially more than one, at the wallet address corresponding to the leaked private key.The EIP-7702 mechanism automatically transfers any gas fees intended for moving remaining tokens, such as those locked in Lockbox contracts, to the attackers. The attackers employed a strategy involving the injection of gas, canceling or replacing the embedded EIP-7702 mechanism with their own, and transferring valuable tokens. These actions were executed using flashbots, allowing them to be bundled and sent within a single block.

According to BlockBeats, David Bailey, CEO of Bitcoin Magazine, shared on social media that he anticipates no further bear markets for Bitcoin in the coming years. Bailey expressed confidence that sovereign nations, banks, insurance companies, corporations, and pension funds will eventually hold Bitcoin. He noted that this process has already begun, despite Bitcoin currently representing less than 0.01% of the total market size. Bailey believes that Bitcoin's price will continue to rise.

Shiba Inu (SHIB) fell 1.54% in the past 24 hours, underperforming the broader crypto market (-2.06%). The decline stems from waning Shibarium activity, a key technical breakdown, and a wave of leveraged liquidations.1. Shibarium Activity Slump Hits Burn Momentum (Bearish Impact)Shibarium, SHIB’s Layer-2 network, recorded a 22% drop in daily transactions to 3.65M on August 19 (Coinspeaker). At the same time, SHIB’s daily burn rate collapsed by 98.89%, with only 223,914 tokens burned compared to 21.4M previously.Why it matters: Weak network engagement signals declining user activity and undermines SHIB’s deflationary burn narrative, historically a key bullish driver.Investor takeaway: Sustained Shibarium slowdown could weigh heavily on long-term sentiment.2. Technical Breakdown Below $0.00001224 (Bearish Impact)SHIB broke below its 20-day EMA at $0.00001224, slipping toward the lower Bollinger Band at $0.00001164. Momentum indicators remain negative: the MACD line is still below the signal line (U.Today).Why it matters: The technical breakdown triggered automated selling and discouraged short-term bulls.Next levels to watch:Immediate support: $0.00001164 (lower Bollinger Band).Key floor: $0.00001100 (July low). A breach could accelerate panic selling.3. Long Liquidations Amplify Downside (Mixed Impact)SHIB faced $111,840 in long liquidations vs. just $16.50 in shorts on August 19 — a 699,000% imbalance (U.Today). The liquidation wave followed Bitcoin’s dip below $115K, which pressured altcoins across the board.Why it matters: Over-leveraged traders magnified downside pressure.Contrarian signal: Whales accumulated 132B SHIB from Coinbase, suggesting larger players view the dip as a buying opportunity.Conclusion: SHIB Under Pressure, $0.00001164 Is KeyShiba Inu’s decline reflects a triple hit from:Slowing Shibarium activity and weaker burns.A decisive technical breakdown below the 20-day EMA.Derivatives-driven liquidations.Whale accumulation signals underlying demand, but the technical outlook remains fragile.Key watch: Whether SHIB can hold $0.00001164 support ahead of Fed Chair Powell’s Jackson Hole remarks on Friday, which could shift broader risk sentiment.

Dogecoin (DOGE) fell 2.66% to $0.217 in the past 24 hours, underperforming the broader crypto market (-2.06%). The decline stems from renewed security fears, cooling altcoin sentiment, and technical weakness near a critical support zone.1. Security Concerns After Qubic Attack Proposal (Bearish Impact)The Qubic blockchain community voted to direct hashpower toward Dogecoin, sparking fears of a potential 51% attack — a vulnerability that can enable double-spending or chain reorganizations.Market reaction: Panic selling followed, with futures open interest down 8% as leveraged traders cut exposure.Network trust: The threat raises doubts about DOGE’s resilience to coordinated mining disruptions, similar to Qubic’s recent attack on Monero.What to watch: Whether Qubic follows through on the plan and how DOGE’s hash rate stability holds in the coming sessions.2. Altcoin Sentiment Cools as Retail Hype Fades (Bearish Impact)Broader altcoin enthusiasm has weakened, hurting meme coins like DOGE that rely on retail-driven inflows.Google Trends: Searches for “alt season” dropped 50% in the past week.Bitcoin Dominance: BTC’s market share rose to 58.63%, diverting liquidity away from altcoins.DOGE Volume: Spot trading volume fell 37% in 24h, signaling weaker buyer participation despite whales accumulating 680M DOGE.What to watch: Whether retail flows re-enter meme coins, or if capital continues rotating into Bitcoin and large-cap alts.3. Technical Breakdown at $0.22 (Mixed Impact)DOGE’s price action shows a loss of bullish momentum after failing to hold the $0.22 level.Indicators: RSI at 49.77 (neutral-bearish) and MACD at -0.0017 reflect fading momentum.Key Support: $0.21 is now a make-or-break level. A close below risks a retest of $0.20, with Fibonacci analysis pointing to $0.189 support as the next downside target. What to watch: If DOGE can defend $0.21 and rebound, or if bears force a breakdown toward $0.19–$0.20.DOGE Faces Triple ThreatDogecoin’s decline highlights a triple threat of:Security jitters over a potential 51% attack.Weakening altcoin sentiment amid fading retail hype.Technical breakdown below key support levels.While whale accumulation signals some long-term conviction, short-term traders remain cautious ahead of Fed Chair Powell’s Jackson Hole speech on Aug. 23, which could shift broader risk appetite.

Key Points:Dogecoin (DOGE) trades between $0.21–$0.28, with analysts eyeing a possible 40% breakout move.Shiba Inu (SHIB) struggles near $0.0000124, with downside risk if support at $0.0000123–$0.0000125 fails.Both meme coins face mixed technical signals as traders debate whether momentum can sustain.Dogecoin (DOGE): Triangle Consolidation Signals Potential MoveDogecoin continues to hold its spot as the leading meme coin, buoyed by strong community support and sporadic integrations in the DeFi space.Price Action: DOGE has fluctuated between $0.21 and $0.28 in recent sessions.Momentum: Whale accumulation briefly pushed prices higher, but declining volumes have led to retraced gains.Technical Setup: Analyst Ali Martinez noted that DOGE is consolidating in a triangle formation, suggesting a potential 40% price move once a breakout occurs.Traders are now watching for confirmation: a breakout above $0.28 could reignite bullish momentum, while failure to hold $0.21 support may trigger further downside.Shiba Inu (SHIB): Support Under PressureShiba Inu has struggled to hold above $0.0000124, testing key support levels that could dictate near-term direction.Support Zone: Analysts highlight $0.0000123–$0.0000125 as critical. A breakdown below this range could open the door to a 50% pullback.Bearish Risk: Weakening momentum and fading volume point to caution.Bullish Outlook: Some analysts remain optimistic. A veteran trader known as Anonymous forecasts SHIB could climb from $0.000017 to $0.000032 by Q4, citing possible retail inflows and ecosystem catalysts.The short-term outlook hinges on whether SHIB can defend its support zone — failure risks sharp losses, but resilience could set up a rebound.Meme Coin Momentum TestedDogecoin and Shiba Inu both remain volatile and sentiment-driven assets. DOGE’s consolidation points to a potential breakout scenario, while SHIB’s fragile support puts it at risk of a deeper pullback.For traders, the next few sessions will be crucial:DOGE: Watch the $0.21–$0.28 range for breakout direction.SHIB: Monitor the $0.0000123 support level to gauge downside risk.

The booming memecoin market could soon inspire the launch of active memecoin ETFs, with analysts pointing to 2026 as a likely debut year.Key Points:A Bloomberg analyst predicts a high chance of memecoin ETFs launching in 2026.Memecoin market cap exceeds $60 billion, surpassing Tron and Cardano combined.Dogecoin ETF filings may serve as a key litmus test for broader altcoin ETF approval.Memecoin ETFs Likely by 2026, Analyst PredictsThe surging popularity of memecoins may soon translate into a new wave of crypto investment products. Bloomberg ETF analyst Eric Balchunas says there’s a "really good chance" that actively managed memecoin-focused exchange-traded funds (ETFs) will debut by 2026.“First, we’ll get a slew of active crypto ETFs,” Balchunas wrote on X (formerly Twitter) on June 7. “Then a memecoin-only fund will follow.”The prediction comes as memecoin trading volumes skyrocket in 2025, driven by retail enthusiasm and speculative interest. With the sector’s market capitalization now topping $60 billion — more than Tron (TRX) and Cardano (ADA) combined — asset managers may look to capitalize on investor demand with targeted ETF offerings.Actively Managed Memecoin Funds Could Disrupt the MarketBalchunas responded to a post from the Vladcoin team, who proposed a dynamic memecoin ETF that “actively trades, buys the promising ones and sells the weaker ones.”Unlike passive ETFs that track a single asset or index, active ETFs provide flexibility to adjust holdings based on performance. This approach could be particularly useful in the volatile and fast-moving memecoin sector, where many tokens rise and fall on social sentiment and celebrity endorsements.Dogecoin ETF May Be the Tipping PointThe success or failure of a spot Dogecoin (DOGE) ETF could pave the way for broader memecoin ETF adoption. Several issuers — including Grayscale, Bitwise, 21Shares, Osprey Funds, and Rex Shares — have filed applications with the U.S. Securities and Exchange Commission (SEC) to launch spot ETFs tied to Dogecoin, TRUMP, and Bonk (BONK).“The Dogecoin ETF filing will tell us a lot,” Balchunas noted, especially as crypto tokens wait for exemption from the 1933 Securities Act — a key hurdle to inclusion in active ETFs.Polymarket Odds Drop, SEC Approval Still UncertainAlthough Balchunas previously gave a 75% probability of SEC approval for a Dogecoin ETF in 2025, the outlook has cooled. On blockchain prediction market Polymarket, odds for DOGE ETF approval have dropped to 44%.To date, the SEC has not approved any memecoin or altcoin ETFs — including those tied to Solana (SOL), XRP, or Litecoin (LTC). According to Bloomberg, more than 70 U.S. crypto ETFs are awaiting regulatory decisions this year.Memecoin Prices Drop Sharply From 2025 HighsDespite strong investor interest, the memecoin sector has seen steep declines since its January peak. Dogecoin is down 75% from its high, Shiba Inu (SHIB) has dropped 85%, and PEPE is down nearly 60%.The TRUMP token, which recently gained attention after former President Donald Trump’s son hinted at an acquisition, has fallen 86% from its all-time high.The memecoin boom may be cooling, but analysts say investor appetite — and ETF innovation — could heat up again if the broader crypto market stabilizes.

TUT, a rising star and winner of the latest Binance Vote to List, is redefining what it means to be a meme coin in the Web3 era. Originally launched as a lighthearted experiment, TUT has rapidly evolved into a crypto education platform powered by AI, gamification, and community-driven content. Now listed on Binance, TUT is gaining momentum as a Learn-to-Earn pioneer—merging entertainment, utility, and real-world learning.In this exclusive Binance News interview, the TUT team shares their journey from testnet token to a serious EdTech player in the blockchain space, their roadmap for 2025, and how they plan to turn TUT into the “Coursera of Web3.” Whether you're a crypto newbie or an on-chain builder, TUT’s mission to make education accessible and rewarding is one to watch.I. Origins & Philosophy1- TUT started as a tutorial token — part meme, part mission. How did it evolve into a full-fledged educational project?About a year ago, I created a video tutorial for BNB Chain on launching a token. The original “Tutorial Token” was a testnet demo. Later, I deployed it on the BNB Chain mainnet as a meme experiment. But even then, our vision was clear: make blockchain education accessible. We channeled meme energy into a broader mission — turning crypto curiosity into hands-on learning. That approach resonated, and our community grew organically. We didn’t just promote TUT; we taught people how to build AI agents, use BNB Greenfield, and understand liquidity pools.2- What strategies helped TUT win Binance’s community vote — and what does this say about meme culture with a mission?We did what we do best: educate and entertain. Our social media campaigns were powered by meme-driven educational content. The key was proving that TUT wasn't just another meme coin — it was a movement. Over 11,000 users voted, helping TUT secure a spot on the world’s largest exchange. This showed that when meme culture aligns with purpose, community support follows.II. Learn-to-Earn & AI-Powered Education3- What are the key features of TUT’s Learn-to-Earn ecosystem?AI-Powered Tutorials: Our core tool is the Tutorial Agent, a personalized AI crypto tutor that breaks down complex topics into simple steps, adapting based on user progress.Metaverse Integration: We’re collaborating with iDos Games to build a Web3 learning game in the metaverse.Community-Driven Content: Anyone can create tutorials and earn TUT tokens, making us a decentralized Coursera alternative.4- How does the Tutorial Agent work, and will users receive certifications?Tutorial Agent works across Web2 and Web3 platforms, offering interactive education anywhere. We’re exploring NFT-based certifications to validate skill acquisition and course completion.5- Is TUT aiming to replace platforms like Coursera or Binance Academy?We’re not replacing them — we’re complementing them. TUT provides gamified, incentivized learning and decentralized content governance. If Binance Academy is the library, TUT is the campus where you learn, earn, and play.III. Meme Culture Meets Substance6- How do you ensure TUT isn’t just a post-listing hype project?We’re focused on long-term utility and community engagement. Instead of celebrating the Binance listing with hype, we immediately began building our educational platform and metaverse game.7- How do you promote deeper community involvement?Our holders are contributors. We reward user-generated tutorials, promote multilingual content, and are exploring partnerships with universities for localized learning.IV. Tokenomics & Ecosystem Growth8- What is the core utility of $TUT today — and what’s planned next?$TUT enables access to premium content, mentorship programs, and the Learn-to-Earn reward pool. It also serves as a native currency for tipping and peer-to-peer learning, enabling a decentralized knowledge economy.9- Do users need to stake TUT for access or rewards?Yes. Staking TUT will unlock premium content and generate rewards for completing tutorials.10- Any plans for cross-chain expansion?While we’re loyal to BNB Chain, our tutorials also teach users how to build bridges to other networks. Our 2025 goal is to scale accessibility and gamified learning globally.V. Managing Volatility & Ensuring Sustainability11- TUT surged 140% post-listing. How are you mitigating whale manipulation and speculation?We prioritized liquidity from the start, receiving $200K from BNB Chain’s Meme Fund, $65K from Four.meme, and $500K from the CEX listing incentive program. Our fair-launch structure and decentralized distribution support stable, organic growth.12- What controls are in place for treasury, team vesting, or educational grants?Currently, 100% of tokens are community-held. Our treasury is growing gradually, and team contributions are driven by passion. As we grow, we’ll implement formal guardrails for sustainability.VI. Long-Term Vision & Strategic Partnerships13- Do you see TUT being adopted by DAOs or schools for onboarding and education?Absolutely. DAOs are already showing interest. For example, Aqualis Protocol recorded a tutorial and plans integration. Universities and coding bootcamps are also exploring partnerships to use our content instead of developing blockchain curricula from scratch.14- What partnerships are you pursuing to scale adoption?Exchanges: Collaborations on Learn & Earn programs and cross-promotions with Binance Academy and others.Layer-2 & Other Chains: Educational entry points tailored to new user ecosystems (e.g., Polygon, Arbitrum).DAOs & Web3 Projects: Custom learning modules for partner protocols.NGOs & Traditional Education: Outreach to develop blockchain literacy in underserved regions.Metaverse: With iDos Games, we’re building a new era of gamified crypto education.15-  In one sentence, what do you want TUT to be known for by the end of 2025?By the end of 2025, TUT will be recognized as the decentralized education layer of Web3 — empowering learners, DAOs, and developers globally.

According to PANews, a federal judge in California, Stanley Blumenfeld Jr., has dismissed a class-action lawsuit against Caitlyn Jenner and her partner Sophia Hutchins. The lawsuit was filed by British investor Lee Greenfield, who claimed losses exceeding $40,000 from holding a meme coin issued by Jenner between May and July 2024. Greenfield accused the defendants of violating securities laws and other charges. The judge ruled that Greenfield failed to provide sufficient evidence that the token transactions were subject to U.S. law, granting him until May 23 to present additional evidence. Greenfield alleged that Jenner's team initially launched the JENNER token on Solana and then released a token with the same name on Ethereum two days later, causing the former to devalue. During this period, they also promoted another pet-themed token, BBARK. Jenner's team reportedly profited by collecting a 3% transaction fee on the Ethereum version. Previously, Jenner was involved in a controversy surrounding memecoins managed by Sahil Arora.

According to PANews, several cryptocurrencies are set for substantial token unlocks next week. Aptos (APT) will release approximately 11.31 million tokens on May 13 at 2 a.m. UTC+8, representing 1.82% of its circulating supply, valued at around $67.5 million. Arbitrum (ARB) is scheduled to unlock about 92.65 million tokens on May 16 at 9 p.m. UTC+8, accounting for 1.95% of its supply, worth approximately $42.7 million.Avalanche (AVAX) will see an unlock of around 1.67 million tokens on May 17 at 8 a.m. UTC+8, which is 0.4% of its current supply, valued at about $41.3 million. Starknet (STRK) plans to release approximately 127 million tokens on May 15 at 8 a.m. UTC+8, making up 4.09% of its supply, with an estimated value of $23 million.Immutable (IMX) will unlock around 24.52 million tokens on May 16 at 8 a.m. UTC+8, representing 1.35% of its circulating supply, valued at approximately $17.9 million. Sei (SEI) is set to release about 55.56 million tokens on May 15 at 8 p.m. UTC+8, which is 1.09% of its supply, worth around $14.5 million.Lastly, ApeCoin (APE) will release around 15.6 million tokens on May 17 at 8:30 p.m. UTC+8, representing 1.95% of its circulating supply, with an estimated value of $10.3 million.