According to Lookonchain, the daily token market share of the leading crypto platform has declined sharply from over 98% to 57.5%, as new entrants like Believe and LaunchLab capture significant portions of the market. Specifically, the new competitor reached a 17.9% share, while Believe holds 12.9%. This shift signals increased competition and potential volatility in token prices, impacting trading strategies for both established and emerging tokens. Traders should closely monitor these evolving market shares and liquidity trends, as they may influence short-term price action and overall crypto sector performance (Source: Lookonchain, May 14, 2025).