On-chain Weekly Digest: Pump.fun's potential $1B token sale
Polymarket's Sports Markets Over $1B, Claynosaurz‘s new NFT Popkins minted on Sui...
On-Chain Overview
Market momentum is diverging: while BTC maintains dominance amid ETF outflows and spot-driven rebounds, ETH ETF sees strong inflows and reach new high. The Pump.fun token launch, Circle IPO, and macro shifts such as U.S. debt refinancing may continue to drive liquidity rotation and broader market realignment.
Despite a flat crypto market cap, DEX volumes declined 8.73% this week, while PancakeSwap revenue surged 27.87% and BSC led DEX activity with $35.19B.
（Data accurate as of: June 9, 2025, 2:00 am, UTC）
Altcoin, Meme Coin, NFT & RWA
Altcoins and NFTs saw mild declines, while meme coin trading volume plunged 21.84% and tokenized RWA assets remained flat at $5.76B.
（Data accurate as of: June 9, 2025, 2:00 am, UTC）
Macro, Stocks & Commodities
Equities and gold posted solid gains, bond yields edged higher, and market volatility dropped sharply, while the yen weakened 1.21% against the dollar.
（Data accurate as of: June 9, 2025, 2:00 am, UTC）
Key Events of the Week
Launchpad | Pump.fun plans $1B token sale at $4B valuation (3 June)
Pump.fun plans to raise $1 billion via a token sale.
NFT | Claynosaurz Generates $19.4M on Sui with Popkins Pack Launch (4 June)
Claynosaurz sold 97,000 Popkins packs on Sui, generating nearly $19.4 million in revenue at $200 per pack in a major NFT minting event.
NFT | Kanbas Makes $1.28M XCOPY Art Sweep (5 June)
Collector Kanbas swept three XCOPY pieces—Cracked, Dirtbag, and Disaster Suit—for a total of $1.28 million in USDC, marking a major high-end NFT purchase.
Prediction market | Polymarket Sports Markets Explode to Over $1B (4 June)
Polymarket’s sports markets have seen explosive growth in a year, with NBA Finals volume jumping from $3M to $1.7B and the Super Bowl reaching $1.15B, signaling rising demand for transparent, tradable sports futures.
RWA | Spiko’s EUTBL Overtakes BENJI as Top RWA on Arbitrum (8 June)
Spiko Finance’s tokenized EU treasury bond (EUTBL) has surpassed BENJI in market cap on Arbitrum—$82.76M vs. $82.12M—highlighting a growing shift toward global diversification in tokenized treasuries.
Looking Ahead
Data |Nansen Points Season 1 Launches (17 June)
Nansen kicks off Season 1 of its loyalty program on June 17, rewarding bold users with Nansen Points as part of its activation campaign.
BTC | Deribit BTC options average expiry is on Jun 23 (23 June)
Wrapping Up
From a market data perspective: Crypto market cap remained flat, but DEX volumes declined 8.73% and meme coin activity slumped, while BSC led with $35.19B in DEX volume and PancakeSwap revenue jumped nearly 28%.
From a market events perspective: ETH ETF inflows and high-profile events—such as Pump.fun’s $1B token sale, Claynosaurz’s $19.4M NFT mint, and Spiko’s rise as the top RWA on Arbitrum—signal active liquidity rotation and growing institutional and onchain engagement.
