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Flat Crypto Market with Fear and Volume
The crypto market remains flat with fear dominating sentiment. Bitcoin is essentially unchanged, while Ethereum is slightly down. Zcash (ZEC) has seen a significant drop of 5.7% on $196 million in trading volume, indicating real selling pressure. Other notable moves include Solana (SOXLB) gaining 22.8% on $32 million in volume, and Avalanche (AVAX) rising 7.6% on $59 million in volume. Meme tokens like Pepe (PEPE) and Sndkb (SNDKB) have seen strong gains. The market is reacting to recent events such as North Korean hackers laundering funds through meme coins and a Binance hack, with some analysts suggesting resilience in the market despite these incidents.