According to the top gainers in 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 five keywords related to virtual assets that people are most interested in as of the 3rd are Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Ripple (XRP), and Dogecoin (DOGE).
The top five keywords related to virtual assets that people are most interested in as of the 3rd are Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Ripple (XRP), and Dogecoin (DOGE), according to the top gainers in Token Mindshare (a metric quantifying the influence of specific tokens in the virtual asset market) by the AI-based Web3 search platform Kaito.
Bitcoin appears to have seen a surge in online mentions due to the 'tariff war' originating from the United States. On the 1st, U.S. President Donald Trump signed an executive order imposing tariffs on China, Mexico, and Canada. Consequently, Bitcoin continued its downward trend, at one point dipping below $93,000 during the day. Currently, Bitcoin is trading in the $93,000 range.
Ethereum also drew attention as it was directly hit by the 'tariff war'. After losing the $3,000 level on this day, Ethereum continued to decline, at one point falling to the $2,300 range. Currently, Ethereum is trading at around $2,500, down approximately 18% from the previous day.
Tether attracted investors' attention as the volatility in the cryptocurrency market increased sharply. Since Tether's value is pegged to the dollar, it is less volatile than regular cryptocurrencies like Bitcoin and Ethereum. The background for Tether's price surpassing 1,600 KRW on domestic cryptocurrency exchanges like Upbit is also in this context. The 'Kimchi Premium' exceeded 10%. Considering the current KRW/USD exchange rate is in the 1,470 KRW range, this is quite a high level.
Ripple also gained attention due to the aftermath of Trump's tariffs. As of 1:19 PM on this day, Ripple was trading at $2.23 on CoinMarketCap, down about 22% from the previous day. Ripple's price at one point fell below $2.
Dogecoin is also speculated to have increased in online mentions due to its price drop. Bloomberg reported on the 2nd (local time) that "Dogecoin, backed by Elon Musk, fell about 14% as investors withdrew," and "it is 45% lower than the peak recorded after the virtual asset rally following Trump's election victory on December 8 last year."
