Airdrop activity continues to heat up, with three newly launched tokens—SXT, RIZE, and DOOD—drawing investor attention in the fourth week of May. Space and Time launched its SXT token with an airdrop as a part of the new Chainlink rewards program.
Meanwhile, RIZE powers the Rizenet ecosystem, which is focused on tokenization and decentralized AI. DOOD, the native token of the Doodles NFT collection, joins the wave of NFT projects following the footsteps of APE and PENGU.
Space and Time (SXT)
The latest Space and Time (SXT) airdrop launched on May 8, 2025, as part of its official token generation event (TGE). The airdrop is integrated with Binance Launchpool and Chainlink’s new Rewards program.
The project is distributing 200 million SXT tokens into two batches, representing 4% of the total supply. Eligible users include participants in the Chainlink ecosystem, including LINK stakers, users who engaged in Space and Time’s testnet, and held Community NFTs.
Also, the SXT airdrop claim will be live until June 22.
SXT has been down since its airdrop, and if the correction continues, it could soon start trading below $0.10.
It needs a strong buying pressure to return to levels around $0.126, and if that one is broken, it could rise back to test the resistance around $0.163.
RIZE
RIZE is the native utility token of Rizenet, a decentralized platform for tokenizing real-world assets (RWAs), decentralized AI (DeAI), and DeFi.
The $RIZE token has multiple uses. It pays for tokenization services, grants access to tokenized assets, enables governance through token locking, and rewards contributions to decentralized AI models. RIZE is currently live on Kraken and Aerodrome.
From a technical standpoint, the RIZE token is at a critical point. If it manages to break through the resistance level at $0.064, bullish momentum could drive the price back toward the $0.10 region.
However, failure to maintain its current support at $0.0485 may trigger a downside move, with potential losses extending below the $0.040 mark.
Doodles
Doodles is a well-known NFT collection that originally gained popularity for its colorful, hand-drawn characters and strong community engagement.
It recently launched its own token, DOOD, marking its entry into the growing trend of NFT-native tokens—a path first carved out by Bored Ape Yacht Club with APE and later followed by Pudgy Penguins with the PENGU token in 2024.
Despite the initial excitement surrounding the DOOD airdrop, the token has struggled to maintain upward momentum, falling 35% over the last five days.
The price now faces a key resistance at $0.0052—breaking above this level would be necessary to signal a potential recovery and open the door for a move toward $0.00735.
However, continued bearish pressure could push DOOD below the $0.0040 support, marking new lows and further eroding market confidence.
The TRUMP meme coin project announced that the top 220 holders will be invited to a Gala Dinner with the US president, while the top 25 holders will receive a private White House tour.
The ranking will count holders between today and May 12. Since this announcement, TRUMP has spiked 50% and counting.
Whichever 220 users hold the most Trump tokens between now and May 12 will get an exclusive invitation to a dinner attended by the President.
“FOR THE TOP 25 COIN HOLDERS, YOU are Invited to an Exclusive Reception before Dinner with YOUR FAVORITE PRESIDENT! PLUS, We have separately by us arranged for a Special VIP White House Tour for you – so make sure you stay in town,” the announcement claimed.
Since this dinner offer first happened, TRUMP rocketed up 50% and counting. It’s unclear how long the momentum will last, but it clearly demonstrates that the man has a devoted fan base.
Some users have speculated that this dinner is an attempt to farm exit liquidity from retail investors, and it’ll be interesting to see how long the hype lasts.
Conventionally, this led to many trading shorting the meme coin, anticipating the price to go down. Yet, this announcement created a buying frenzy.
Most notably, the upcoming monthly token unlocks have been postponed by 90 days. This could be a direct attempt to inflate the market for a potential pump.
The US dollar fell to its 3-year low against the Euro and British Pound, possibly creating new opportunities for crypto as the global reserve currency hits new difficulties.
The European Central Bank again cut interest rates today, but the US has yet to do so. The dollar’s falling dominance reflects that decade-old fiat warning from Bitcoin’s creator, Satoshi Nakamoto.
Could Dollar Troubles Benefit Crypto?
The US dollar is the world’s most important fiat currency for several reasons: powering a massive consumer economy, the global flow of petroleum, US Treasury bonds, and more.
— The Kobeissi Letter (@KobeissiLetter) June 4, 2025
Nic Puckrin, crypto analyst and founder of The Coin Bureau, discussed these topics and more in an exclusive commentary shared with BeInCrypto. According to Puckrin, however, crypto is immune to some of these concerns in a way that the dollar is not:
“Even if we do experience stagflation, Bitcoin can still protect portfolios as it is increasingly being seen as a fallback option for investors fleeing US assets or losing faith in the US economy, and it is inflation-proof by design. Bitcoin is very different from the rest of the crypto market – there really are no other assets that possess the same safe-haven characteristics,” he said.
Puckrin described a Bitcoin maximalist vision for crypto investment, as Satoshi Nakamoto designed it to resist dollar turmoil.
Bitcoin and the whole crypto ecosystem were born out of the wreckage of the 2008 collapse, hence its strong emphasis on trustless, decentralized governance.
Unfortunately, today’s community can forget the hard experience that forged this ethos.
Questions of Governance
How are US institutions responding to the dollar’s trouble, especially compared to the crypto community? The European Central Bank lowered its interest rates today, which President Trump has repeatedly begged Fed Chair Jerome Powell to do.
However, it may not be that simple. The EU is an important consumer bloc and economic region, but the US is the bedrock of the modern economy.
If the Fed cuts rates now, it might exhaust its ability to respond to future crises. After all, it can’t cut rates below zero, and it only has so many tools to use.
These chaotic trade policies are causing havoc on the dollar, whereas crypto liquidations are at a relative low. All this discord reaffirms the reasons that Satoshi built Bitcoin to be separated from the world’s governments.
Trustless and leaderless, Bitcoin is immune to concerns that highly impact nation-states. Puckrin predicts this to fuel BTC investment:
“We could see the split that already exists between Bitcoin and altcoins intensifying, as investors turn to Bitcoin as a store of value, but shun more speculative, risky assets like altcoins. The only other safe haven options would be real-world assets (RWAs), like gold-backed tokenized assets, for example,” he claimed.
Still, although there are very bearish signs, the crisis hasn’t fully matured yet. If a savvy investor wants to pull assets from dollars into crypto before further devaluation occurs, there’s still time.
Ultimately, there’s no absolute way to predict which way the market will go.
BeInCrypto sat down with members of the LBank team to analyze the possible resurgence of the meme coin market as a leading crypto narrative and what their fusion with artificial intelligence (AI) can have on their reach.
LBank also discussed the impact of the four-month-old Markets in Crypto-Assets (MiCA) regulation on its operations across Europe. They described a fundamental change in investor confidence in light of greater regulatory clarity and simplified accessibility.
Have Meme Coin Highs Given Way to Devastating Lows?
In recent years, the meme coin market has largely been characterized by overwhelming highs and devastating lows. The first few months of 2025 have further confirmed the volatile nature of these tokens, to the point that a vocal part of the crypto community believes that their recent lows have marked the end of the meme coin lifecycle.
These claims are not unfounded, especially now that the US President has become a meme coin player. When Trump launched his meme coin in mid-January, TRUMP reached a market capitalization of nearly $8.8 billion, a number never before seen by a meme coin launch.
When insider traders capitalized on the surge to sell off their holdings and retain millions of dollars in gains, retail investors bore the brunt of the massive sell-off, suffering hundreds of thousands of dollars in losses.
“The decline in meme coin market cap since January can be attributed to a combination of market dynamics and sentiment shifts. A key driver was the rapid rise and subsequent crash of the TRUMP token, which drew significant market capital due to its viral appeal but collapsed sharply, eroding investor confidence and triggering a broader risk-off sentiment,” Eric He, Community Angel Officer and Risk Control Adviser at LBank told BeInCrypto.
After similar experiences with the MELANIA token and the LIBRA launch, some of these retail investors realized that meme coins —as unregulated and unpredictable as they are— may not be the best investments.
Is the Meme Coin Frenzy Coming to a Halt?
Given the devastating effects that these episodes have had on the meme coin market, trading has reduced significantly. The crypto community seems to have become saturated with news of pump-and-dump schemes and rug pulls, likely contributing to a halt in the meme coin frenzy.
The total meme coin market capitalization has been free-falling since January’s peak following the presidential token launches. Now, its levels resemble those of September 2024. The greater economic downturn that traditional and crypto markets experienced over the past several weeks has only worsened prospects.
Yet, despite this downward pressure, the market still experiences a high level of activity. It has a $14.5 billion trading volume and a $57 billion market capitalization.
Total meme coin market capitalization. Source: CoinGecko.
According to the LBank team, the meme coin industry is due for a revival.
LBank’s Belief in the Revival of the Meme Coin Market
Though the decline in meme coin performance has been significant, the LBank team expressed that these circumstances are far from unexpected. Meme coins are inherently tied to community support and social momentum.
The sustained trading volumes and large market capitalization serve as tangible indicators that, even in a downturn, the market is seeing active community engagement and liquidity. Investors still see value in the tokens’ cultural and speculative appeal.
“We see it as a healthy market correction rather than a fundamental shift. Meme coins have always been volatile, but the fact that trading volumes remain high shows continued interest. What’s happening now is not the end of the trend—it’s just a recalibration before the next wave,” Mario Iemma, Head of Spanish Markets at LBank, told BeInCrypto.
In fact, Iemma believes that meme coins will not be dying out anytime soon.
AI agents represented the first significant shift in the evolution of the cryptocurrency industry. These autonomous systems proved that they could make decisions and perform tasks independently. This technology enhances intelligence, adaptability, and fairness in financial mechanisms.
Now, developers have unlocked artificial intelligence’s potential on tokens. Systems like Grok have already made news by using AI to automatically and independently design and launch tokens.
However, with a nascent technology like AI, the LBank team emphasized the need for responsible and thorough deployment for the long-lasting success of AI-generated tokens. This success hinges on two particular factors: accessibility and security.
Security and Accessibility Challenges for AI-Generated Tokens
The concept of security is frequently associated with any emerging technology. Artificial intelligence is no exception, especially in a particularly unregulated industry like crypto.
According to He, AI-generated token projects’ degree of security and transparency will determine their success.
Iemma agreed, adding that if AI-generative tokens become widely accessible, this development will also require additional layers of oversight.
“That same accessibility demands better filters, vetting, and AI-based security audits—areas where exchanges like LBank are already investing resources,” he said.
While reflecting on the security risks associated with artificial intelligence and the breaches in consumer trust that meme coins have had on the crypto community, the LBank team also emphasized the need for greater regulation in the industry.
The development of cryptocurrency regulations varies significantly across the globe. Notably, the European Union implemented comprehensive rules almost five months ago, while key markets such as the United States are still establishing adequate frameworks.
MiCA’s Effect on the European Crypto Market
Last December, with the implementation of the Markets in Crypto-Assets (MiCA) regulation, the European Union became the first jurisdiction to establish a comprehensive and unified regulatory framework for crypto-assets across all its member states, marking a significant milestone.
According to the LBank team, MiCA gives users and institutions a trustworthy framework. This development has proven critical for industry growth across the region.
“MiCA has forced firms to become more transparent and compliant, which is a good thing for long-term trust. We’ve seen exchanges accelerate their legal and operational upgrades. For users, it creates a safer, more predictable environment,” Iemma said, adding, “With clearer rules, banks and investment firms are more willing to explore crypto partnerships, custody solutions, and even tokenized assets. Regulation reduces reputational risk, and MiCA is helping bridge that gap.”
However, this experience can be largely attributed to established firms in the industry and investors with access to substantial resources. Other players, however, have struggled to gather the requirements to apply for a MiCA license.
Future Accommodation for Smaller Crypto Businesses
In discussing the impact of MiCA since its enactment last December, He highlighted how different industry players have responded to the landmark regulation. He noted that startups struggle the most to obtain an operational license.
When evaluating the cost-effectiveness of an operational license, He’s conclusions make sense.
MiCA is an expensive regulation. It mandates minimum capital requirements based on the crypto services offered. These requirements range from €50,000 for advisory and order-related services to €125,000 for exchange and trading platforms and up to €150,000 for custody services. Businesses must maintain this capital as a financial safeguard.
Beyond minimum capital requirements, companies must factor in government and legal fees, local presence costs, bank setups, and ongoing operational costs. But for prominent exchanges like LBank, the benefits outweigh the costs.
Future MiCA updates could address the high compliance costs for smaller businesses. Meanwhile, other regions developing their crypto regulations should consider this aspect to avoid creating similar barriers.
