Market on December 11: The surprises you may have missed

Notable Market Events

1. Meme coins remain resilient amid market correction

In the context of market pressure, JELLYJELLY stands out with a surge of 37%, demonstrating independent strength from the overall trend. Currently, this coin has a 24-hour change of +1.90%.

2. Prediction platform shows positive signs

Shares of a reputable prediction platform increased over 18% in early trading, reflecting investor confidence in the potential of the prediction market.

3. Solana continues to assert its leadership in the DEX space

Phoenix, a derivatives trading platform on Solana, officially begins internal testing today and opens registration for the waitlist. This development suggests ongoing maturity of the Solana ecosystem.

4. Airdrop demand remains high

A major exchange has reported at least 236 eligible users to receive an airdrop worth 2,000 USDT, indicating high community participation.

5. Bitcoin (BTC) is currently trading at $90.44K

Bitcoin’s Premium Index has maintained a positive premium for 9 consecutive days, now at 0.0222%, indicating active buying interest from investors.

Projects of Community Interest

STANDX: Trading point promotion creates waves

STANDX is attracting attention with its new trading point promotion program. The program allows users to earn points through trading activities and holding $DUSD (a yield-generating stablecoin). Notably, users utilizing a well-known crypto wallet will receive a 10% bonus points until January 7. The project is developed by a team with backgrounds from major financial firms and Futures, emphasizing a self-custody model combined with an automatic reward system on the Perp DEX platform.

FERRA: Dynamic liquidity on Sui

FERRA is focusing on the dynamic liquidity layer on Sui via the social trading platform DLMM DEX. This platform is specifically designed for liquidity providers, yield farmers, builders, and speculators. The protocol ranking has been active with a plan to allocate 0.25% of the total token supply to top creators. Discussions mainly revolve around the DLMM and innovative CLMM models, offering dynamic and concentrated liquidity provision.

SEI: Scaling through global partnerships

SEI (trading at $0.12) is gaining attention due to a strategic partnership with a major global mobile device manufacturer. This collaboration will pre-install SEI’s crypto wallet and discovery app on new devices sold in key regions starting from 2026. The integration aims to bring stablecoin payments and on-chain trading to users worldwide, marking a significant step toward cryptocurrency adoption. The partnership is expected to cover over 170 million new devices annually.

KINDRED: Building connections through AI companions

Discussions about KINDRED focus on the upcoming TGE event and innovative AI companions with emotional intelligence. The project’s AI technology is designed to establish meaningful connections with users through licensed IP and original characters. These AI companions emphasize unique emotional resonance, setting them apart from typical AI models.

MET/Meteora: Buyback strategy and new rewards

Meteora (MET is trading at $0.26) and announced a token buyback program worth $10.6 million using MET, representing 2.3% of the total supply. The project also introduces Comet Points—a new MET staking reward system—with product improvements such as an automatic treasury, limit orders, and a pool discovery page. These measures are seen as efforts to increase revenue, optimize costs, and deliver value to token holders.

In-Depth Analysis

CEX Market Trends

Last month, the spot trading volume of major exchanges decreased by 27% compared to the previous month. Different platforms performed variably, with some markets developing better than others. Similarly, the trading volume of derivatives on major exchanges declined by 26%, indicating a market-wide correction trend.

On-chain Capital Flows

The blockchain fund flows for the week ending December 11 continue to reflect current market sentiment, with investors closely monitoring entry opportunities.