Gate Research Institute: MYX rise over 140%, PUMP rise over 60%, DRIP drives Arbitrum activity | Gate VIP Weekly Report

Highlights of Last Week's Market Overview:

Alpha Juejin: BTC overall oscillates upwards along the rising trend line, repeatedly testing the resistance level near the $117,400 high; ETH price once surged to $4,950, but after facing resistance at the high, it entered a consolidation pattern. In terms of altcoins, MYX surged over 144%, becoming the most eye-catching token; PUMP and MNT also recorded increases of 63% and 41%, respectively, showing a strong rebound in the short term.

On-chain funds: The Arbitrum chain has recently seen a net inflow of $204 million driven by the DRIP incentive program, with TVL reaching a record high of $3.531 billion, and stablecoins and lending protocols performing well. Meanwhile, Pump.fun has seen a comprehensive recovery in market share, trading volume, and revenue driven by token buybacks and creator incentives, solidifying its leading position in the Solana token issuance space.

This report will provide an in-depth analysis of the aforementioned trends, along with detailed market data and technical interpretations. We invite you to click to view the full report, accurately grasp market dynamics, obtain forward-looking strategic perspectives, and uncover the next round of potential opportunities.

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