The current boom in the stablecoin sector is boosting short-term market sentiment, and as a public chain token, SNPS may benefit from increased on-chain trading volumes. However, investors should be cautious about potential profit-taking risks due to sector rotation. Amid escalating geopolitical uncertainties, SNPS is expected to face increased volatility. It is recommended to use risk management strategies such as derivatives to capture entry or exit opportunities in a volatile market.

Recently, A-share market stocks related to stablecoins have surged collectively, with the sector's popularity continuing to rise. This phenomenon reflects a significant increase in market attention toward stablecoins and their derivative ecosystem. As a public chain token, SNPS may benefit, as the growing demand for stablecoins in trading pairs could drive up overall on-chain trading volumes. In the short term, with risk appetite on the rise, market sentiment is clearly positive. However, caution is warranted regarding profit-taking pressure resulting from sector rotation.

On June 23, data from Tonghuashun revealed that stablecoin-related stocks were active in the A-share market. The top six stocks on Tonghuashun's hot list in the past hour were all related to stablecoins, including Hengbao Co., Sifang Jingchuang, Annie Co., Chutianlong, Dongxin He Ping, and Lakala, with daily gains of 9.39%, 14.28%, 9.97%, 9.04%, 2.49%, and 11.59%, respectively.

Data: The top 6 stocks in the recent 1-hour hot list on Tonghuashun are all related to stablecoin concepts.

Frequent global geopolitical fluctuations, coupled with the market still awaiting new narratives, have heightened macro uncertainty, which can amplify the volatility of crypto assets. In this environment, it is advisable to pay attention to derivative tools (such as options) for hedging against short-term, event-driven sharp swings. For SNPS, greater short-term turbulence may occur, but by flexibly utilizing risk management strategies, it is possible to capture entry or exit signals amid volatility.

Matrixport's market observation highlights that geopolitical fluctuations are significantly impacting the market, suggesting that effective use of options can help manage risks. The market is awaiting a new narrative to drive future developments.

Matrixport Market Watch: Geopolitical Volatility or Peace Breakthrough, Market Awaits New Narrative to Drive.

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