Gate Research Institute: MemeCore soars 550%, Letsbonk.Fun erupts, Pump.fun 500 million pre-sale attracts follow | Gate VIP Weekly Report

Summary

• Alpha Mining: BTC has strongly broken through historical highs, with prices steadily running within an ascending channel; ETH also maintains a bullish pattern. In terms of altcoins, the meme coin platform MemeCore (M) surged over 550%, thanks to listings on multiple exchanges and strategic partnerships, while Stellar (XLM) also broke through a 100% increase, benefiting from protocol upgrades and increased ecosystem activity.

• On-chain funds: Sei Network reached a historic high in TVL due to the launch of native USDC and activation of cross-chain protocols, with the coin price increasing nearly 35% over the week and a significant rise in the volume of open derivatives contracts. Meanwhile, Letsbonk.Fun surpassed Pump.fun with its low barrier to entry, and although the latter faced a decline in traffic, its PUMP token presale still successfully raised 500 million dollars.

• Policy level: The SEC clarifies the ETF review standards, cryptocurrency legislation is being actively promoted, and the EU MiCA licensing process accelerates compliance.

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