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Market dynamics on September 24: BTC falls back without breaking the previous high, MEME leads the market trend, and thousand-fold MEMEs are everywhere

Market dynamics on September 24: BTC falls back without breaking the previous high, MEME leads the market trend, and thousand-fold MEMEs are everywhere

Bitget2024/09/24 02:17

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.

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