Market dynamics on September 24: BTC falls back without breaking the previous high, MEME leads the market trend, and thousand-fold MEMEs are everywhere
1. Market Update
- BTC declined and failed to break its previous high. Altcoins saw broad gains, with MEME leading the market. ETH gas fees surged, and several "thousand-fold" meme coins emerged.
- U.S. stocks fluctuated, with tech stocks rising.
2. Market Highlights
- MEME token NEIRO saw a significant surge, becoming the top market performer with strong backing and a robust community.
- AI sector tokens like TAO, ARKM, AR, NEAR, and AIT rose following presidential candidate Harris' announcement of strong AI development plans.
- Modular token TIA surged due to a short squeeze. The TIA Foundation offered $100 million in half-priced OTC sales, with a major unlock next month, driving a pre-unlock rally. TIA's shorting fee reached as high as -160%.
- On-chain meme token TERMINUS, themed around Elon Musk's Mars city, skyrocketed 2000x within a week. Various community-driven marketing efforts spread its popularity. As the market fluctuates, MEME tokens are absorbing excess liquidity, with speculative capital flowing into the on-chain space.
- Leading prediction market POLYMAKET plans an airdrop. Staked tokens from the previous EIGENLAYER airdrop will begin trading on September 30.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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