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Meme was the strongest calculable MarketLens basket for Apr 27 to May 3, rising 8.6% and led by DOGE’s 10.6% weekly gain. DeFi and L1 ex-BTC posted small declines of 0.5% and 0.7%, respectively. On-chain data showed continued BTC and ETH exchange outflows, while stablecoin total supply slipped 0.25% to $320.6B. Total open interest stood at $112.8B, with BTC funding remaining flat near zero.Meme was the strongest calculable MarketLens basket for Apr 27 to May 3, rising 8.6% and led by DOGE’s 10.6% weekly gain. DeFi and L1 ex-BTC posted small declines of 0.5% and 0.7%, respectively. On-chain data showed continued BTC and ETH exchange outflows, while stablecoin total supply slipped 0.25% to $320.6B. Total open interest stood at $112.8B, with BTC funding remaining flat near zero.

MEXC MarketLens: Meme Basket Rises as BTC and ETH Exchange Outflows Continue (Apr 27 to May 3)

Author: MEXC NEWS

2026/05/06 14:00

2 min read

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News Brief

Price data: 2026-04-27 00:00 UTC open to 2026-05-03 daily close, using CoinGecko daily OHLC data as the closest available end-of-day proxy. On-chain and market structure data as of 2026-05-06 03:32 UTC.

Sector Snapshot

Sector changes are calculated as market-cap weighted average changes of valid tokens in each fixed MarketLens basket. Only sectors with at least three valid tokens with both weekly price-change and market-cap data are included.

Sector	Basket Change	Top Mover	Change	Context	Source
Meme	+8.6%	DOGE	+10.6%	No specific catalyst identified	CoinGecko
DeFi	-0.5%	UNI	-0.2%	No specific catalyst identified	CoinGecko
L1 (ex-BTC)	-0.7%	ADA	-0.1%	No specific catalyst identified	CoinGecko

Meme was the strongest calculable basket this week, led by DOGE's 10.6% weekly increase. DeFi and L1 ex-BTC posted small negative basket-level changes, at -0.5% and -0.7% respectively. Other tracked baskets were excluded from this week's sector-level table due to insufficient valid token and market-cap data.

On-Chain Signals

Capital Flow

Metric	Value	vs Prior Week	Source
BTC Exchange Netflow (7d)	-6,590 BTC	Outflow increased from prior week's -2,603 BTC	CryptoQuant
ETH Exchange Netflow (7d)	-180,711 ETH	Outflow increased slightly from prior week's -174,162 ETH	CryptoQuant
BTC Exchange Reserve	2,678,250 BTC ($237.9B)	Down from prior reading of 2,681,540 BTC	CryptoQuant
Stablecoin Total Supply	$320.6B (-0.25%)	Down from $321.4B prior week	DefiLlama

Market Structure

Metric	Value	Context	Source
Total Open Interest	$112.8B	No prior-week comparison included	Coinglass
BTC Funding Rate	0.0000%	Flat / near zero	Coinglass
OI Leverage Ratio	4.06%	$112.8B OI / $2.78T total crypto market cap	Coinglass, CoinGecko

BTC and ETH both showed exchange outflows over the latest available 7-day periods. BTC exchange reserves decreased from the prior reading, while stablecoin total supply declined 0.25% to $320.6B.

On the derivatives side, total open interest stood at $112.8B while BTC funding remained flat near zero. The OI leverage ratio measured 4.06%, based on $112.8B in open interest and $2.78T in total crypto market cap.

Sources: CoinGecko, CryptoQuant, DefiLlama, Coinglass

Market Opportunity

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