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Cryptocurrency News Articles

Ethereum (ETH), Kaito (KAITO), Solana (SOL), XRP (XRP), and Fartcoin (FARTCOIN)

Apr 27, 2025 at 12:29 pm

According to the top gainer of Token Mindshare (a metric quantifying the influence of specific tokens in the virtual asset market)

Ethereum (ETH), Kaito (KAITO), Solana (SOL), XRP (XRP), and Fartcoin (FARTCOIN)

Top 5 virtual assets that people are most interested in according to the AI-based Web3 search platform Kaito. The data is based on Token Mindshare, a metric quantifying the influence of specific tokens in the virtual asset market and may not reflect the same interest levels as broader search volumes.

According to the top gainer of Token Mindshare (a metric quantifying the influence of specific tokens in the virtual asset market) by the AI-based Web3 search platform Kaito, the top 5 virtual assets that people are most interested in as of the 27th (Thursday) are Ethereum (ETH), Kaito (KAITO), Solana (SOL), XRP (XRP), and Fartcoin (FARTCOIN).

Among them, Ethereum seems to have caught investors' attention ahead of the 'Pectra' upgrade scheduled for the 7th of next month. The core of the Pectra upgrade is to enhance mainnet performance and expand network scalability by raising staking limits and improving deposit speed. It is reported that Ethereum accumulation is also strengthening ahead of such an upgrade. The U.S. Ethereum spot ETF (ETH) also recorded net inflows for two consecutive trading days recently.

As of 8:50 AM (Korean time) on the 27th, Ethereum is trading at around $1,810 on CoinMarketCap, showing an increase of about 0.7% from the previous day.

Kaito is speculated to have increased online mentions as it was included in the deposit and withdrawal restrictions on Upbit due to the Ethereum Pectra upgrade. Upbit plans to suspend deposits and withdrawals of Ethereum Layer 2 virtual assets, including Kaito, from the 7th of next month when the Ethereum hard fork begins until the stability of the update is confirmed.

Moreover, the ongoing Kaito Connect upgrade, which aims to diversify the use of Kaito tokens, seems to have influenced the online mentions. In this regard, Kaito stated, "(Through the upgrade) incentives and new mechanisms will also be added to Kaito Connect."

Among the top 5 virtual assets, Solana drew attention due to the Loopscale hacking incident. The Solana-based decentralized finance (DeFi) lending project Loopscale was hacked on the 26th (local time), leading to the theft of funds amounting to $5.8 million (approximately 8.3 billion KRW).

Consequently, Loopscale has temporarily suspended its lending services.

Solana also garnered attention as the U.S. Nasdaq-listed DeFi Development recently raised $1 billion to purchase Solana. Canadian-listed Sol Strategy signed a $500 million convertible bond contract on the 23rd to acquire Solana.

Justin Sun, the founder of TRON (TRX), recently stated, "Anatoly Yakovenko, the co-founder of Solana, is a person with true vision."

XRP drew attention as its issuer, Ripple, stated on the 25th that it would not pursue an initial public offering (IPO) within the year.

Monica Long, President of Ripple, recently said in an interview with CNBC, "Ripple is a financially stable company with billions of dollars in cash reserves," and "An IPO is generally a means for fundraising or increasing market exposure, and Ripple currently needs neither."

The launch of the world's first XRP spot ETF in Brazil on the 25th also influenced the online mentions.

As of 8:50 AM (Korean time) on the 27th, XRP is being traded at around $2.17 on CoinMarketCap, showing a decrease of about 0.77% from the previous day.

Fartcoin recently attracted attention due to its price increase. The Solana-based meme coin Fartcoin surpassed $1 on the 22nd for the first time in three months since January this year.

Compared to its initial launch price of $0.00006 in October last year, it has surged over 2,000,000%.

As of 8:50 AM (Korean time) on the 27th, Fartcoin is being traded at around $1 on CoinMarketCap, showing a decrease of about 4.8% from the previous day. In comparison to a week ago, it has increased by over 16%.

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