BAGS ecosystem tokens generally decline, Gas drops 40.79% in 24 hours
Foresight News reported that according to GMGN market data, BAGS ecosystem tokens have generally declined. Gas reached a peak market cap of $66.3 million, with the current market cap at $17.54 million, a 24-hour drop of 40.79%; RALPH peaked at $48.23 million, now at $27.32 million, a 24-hour decrease of 34.45%; TERRA peaked at $8.12 million, now at $699,000, a 24-hour drop of 83.1%; CMEM peaked at $7.93 million, now at $1.53 million, a 24-hour decrease of 58.97%.
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According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
