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BlockBeats news, on May 10, as the market recovers, on-chain activity continues to heat up. The old meme coins TROLL and GIGA in the Solana ecosystem have risen significantly, while the Ethereum hotspot continues to revolve around speculation on Hook mechanism coins. According to GMGN data, TROLL's 24-hour increase reached 81.2%, with a market cap of $83.9 million; GIGA's 24-hour increase reached 49.8%, with a market cap of $37.13 million; On the other hand, Hook mechanism coins on Ethereum mainnet are still in a stage of successive "innovation" and speculation. Among them, LOOP reached a market cap of $3 million within 2 hours of issuance before falling back to $2.55 million. It is reported that the innovation of this mechanism coin lies in its ability to lend out idle ETH in Uniswap V4 liquidity pools (capital originally only used to support trading). The main leading coin SATO nearly reached an all-time high this morning, now at $28.59 million, with a 24-hour increase of 21.14%.

ChainCatcher news, Santiment stated on platform X that Tether (based on Ethereum) experienced the largest exchange outflow in nearly three months, with a net outflow of $1.29 billion (USDT) on Friday. Such a large-scale USDT outflow typically reflects that institutional or whale-level participants are moving funds to self-custody wallets, DeFi protocols, or OTC platforms in preparation for larger-scale operations. This is merely a reallocation of funds, not a complete exit from the ecosystem. Santiment recommends closely monitoring what typically happens after these outflow peaks. Previously, on February 9, when outflows reached $3.72 billion, Bitcoin experienced a slight pullback in the following two weeks (before an ideal buy opportunity appeared on February 24). Whether these funds will return to exchanges as buy orders in the short term is a key variable to watch. If USDT starts returning to exchanges in the coming days, it would indicate that a wave of crypto asset investment is approaching.

According to a Jinse Finance report on May 10, data from Coinglass shows that the current Crypto Fear & Greed Index is at 48, an increase of 11 points from yesterday. The 7-day average is 43, and the 30-day average is 32.