Last week, volatility across the crypto market intensified noticeably. On October 28, the U.S. Federal Reserve voted 10-to-2 to hold interest rates unchanged within its current target range. The following day, a security incident at Binance weighed on market sentiment and placed broad pressure on major assets, with Bitcoin briefly pulling back toward the $77,000 level. Data from HTX indicates that from October 26 to November 1, top weekly gainers were distributed across diverse sectors, led by Web3 gaming network BEAMX with a 104% weekly surge, while Meme sector assets AINVDA and PEPE also performed strongly.
Multi-Sector Assets: Gaming Network BEAMX Leads the Rally
● BEAMX: Surged 104% last week. Beam grew out of the gaming DAO Merit Circle and is a dedicated network for Web3 gaming, providing developers with infrastructure for on-chain assets, payments, and accounts. This year, Beam has expanded beyond gaming into a broader ecosystem with multiple business lines and incubated several new products.
● HYPE: Advanced 26% last week. Hyperliquid is a leading on-chain perpetuals exchange operating on its own high-performance Layer 1 blockchain. Most protocol fees are used to buy back HYPE. On October 29, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, announced a partnership with Trade[XYZ], which is building a trading marketplace on Hyperliquid. The plan is to use Hyperliquid’s HIP-3 technology to launch a regulated perpetuals market in the United States. ICE will oversee trading and clearing and take a strategic stake in Trade[XYZ]; however, the plan remains subject to regulatory approval. Renowned investor Stanley Druckenmiller also disclosed an investment in Trade[XYZ] that same day. HYPE rose more than 15% on the day the news was announced.
● TRX: Climbed 15% last week. TRX is the native token of the TRON blockchain. It is used to pay for network resources such as bandwidth and energy, and to vote for Super Representatives.
● WIN: Gained 13% last week. WINkLink is an oracle network within the TRON ecosystem that provides price feeds and verifiable randomness for on-chain applications.
● $HTX: Appreciated 7% last week. $HTX is the governance token of HTX DAO, whose holders can participate in governance voting.
● SUN: Up 6% last week. SUN is the governance token of SUN.io, a DeFi platform in the TRON ecosystem. Its services include decentralized trading, stablecoin swaps, and token issuance.
Meme Assets: Tokenized-Stock Narratives and Established Memes
AINVDA and PEPE represent two distinct types of Meme assets. The former is a “tokenized-stock Meme” that has emerged in recent months, with tokenized stocks used directly as trading pairs; the latter remains one of the longest-standing and most liquid Meme assets in the market.
● AINVDA: Jumped 67% last week. AINVDA is the exchange-listed ticker for the Artificial Inu community token, which was launched on the Robinhood Chain. The token is paired directly with tokenized NVIDIA stock in a Uniswap v4 liquidity pool, bringing together the AI and Meme narratives.
● PEPE: Rallied 29% last week. Inspired by a frog image that has long circulated in internet culture, PEPE is one of the Meme assets with one of the broadest community bases. It often responds early when sentiment across the sector improves.
Memecoins are highly sensitive to shifts in community sentiment and can be significantly more volatile than major cryptocurrencies. Investors should carefully assess the associated market risks before trading.
Sector Rotation Amid Market Volatility
Last week, the market fluctuated sharply amid successive macroeconomic developments and unexpected events, while top-gaining assets were spread across several sectors with relatively low correlation to one another. During periods of sharp short-term volatility, asset prices are more susceptible to individual events and capital flows. Participants should carefully assess risks in light of project fundamentals before trading. HTX will continue to monitor developments across key sectors and public blockchain ecosystems, providing users with reliable trading services through stable platform operations.
The post first appeared on HTX Square.
