The cryptocurrency market has recently shown a volatile trend. Bitcoin (BTC) briefly fell below the $115,000 mark but rebounded, currently hovering around that price level, with a 24-hour decline of about 0.61%. Ethereum (ETH) is experiencing a correction trend after an earlier rise, currently quoted at about $3,660, with a 24-hour decline of 0.82%. Solana (SOL) continues to face pressure, with the current trading price around $169.40, and a 24-hour decline of 1.65%.

Overall, the altcoin market has been performing poorly, with most cryptocurrencies showing a downward trend. Among them, Sui (SUI) has fallen more than 2.00% in the last 24 hours, while Dogecoin (DOGE) has fallen more than 1.52%.

According to on-chain data, the total locked value (TVL) across the entire chain is $138.728 billion, a decrease of 1.86% within 24 hours. The overall on-chain difficulty shows an upward trend, but a few projects are performing exceptionally well. For example, the TROLL token has seen an increase of over 76% in 24 hours, reaching a new market capitalization high of $72 million. The BNKR token has also shown significant growth, with a current market capitalization of $10.272 million.

The 24-hour trading volume of decentralized exchanges (DEXs) is $20.081 billion. It is noteworthy that there has been a net outflow in cryptocurrency ETFs amounting to $10.3 million, which may suggest a decline in interest from institutional investors.

In terms of project dynamics, Pump.fun recently registered the subdomain fee.pump.fun, which may indicate that the project is about to launch a fee dashboard or a volume-based incentive program.

Overall, the encryption market is currently in an adjustment phase, and investors should closely monitor market trends and carefully assess risks.