BNB Chain Extends Uptrend as Trump-Linked WLFI Battles Justin Sun in Court
The crypto market is experiencing a steady climb this week, with the CMC Crypto Fear & Greed Index at 49, still in Neutral territory but firmly off February's Extreme Fear lows.
BNB Chain is quietly extending its month-long uptrend, adding 2.3% to its market cap since the last update, settling at just shy of $168 billion.
The trending list proved a potent source of alpha this week, with AI and DeSci narratives leading the charge. SKYAI (SKYAI) gained an impressive 299.1% on its Bitget listing and AI-token sector rotation, briefly hitting an all-time high.
World Liberty Financial (WLFI) countersued Justin Sun for defamation in Florida state court on May 4, alleging he ran a 'scorched earth' smear campaign after his tokens were frozen in September. WLFI's token dumped 11.45% following the suit.