According to The Kobeissi Letter, a significant event has led to the destruction of the majority of liquidity in the memecoin market, with over $6 billion in market cap lost within just three hours. Traders should closely monitor these developments as they could have substantial implications for future market movements.

According to Ai 姨 (@ai_9684xtpa), Orbiter Finance has bravely announced their Token Generation Event (TGE) for the OBT token today, launching on Bybit at 6 PM, despite the market being heavily focused on $TRUMP and $MELANIA memecoins. The project's solid business foundation and strategic timing could benefit from the current bullish sentiment in the market, especially with Bitcoin hitting another all-time high. Orbiter, known in the Chinese community as '小飞碟,' has handled over 35.38 million transactions and boasts a user base of 4.3 million. It holds a 30-40% market share in the cross-chain bridge sector, with profitability surpassing 70% of its competitors. The total supply of OBT is set at 10 billion, with an initial circulating supply of 2.8 billion across Ethereum, Arbitrum, and Base networks. For detailed statistics, refer to the official data source: https://t.co/3zbPdNMxAO.