October 8 Market Dynamics: The downturn in U.S. stocks affects BTC trends, and the intensifying situation in the Middle East increases demand for safe havens

I. Market Dynamics

1. BTC fluctuates with U.S. stocks. The altcoin season has arrived, and the main market theme is MEME.

2. U.S. stocks fell while A-shares index hit the daily limit up. Middle East situation triggers risk aversion sentiment, and the U.S presidential election remains in a stalemate. The dollar index rebounds on a weekly basis.

II.Market Focus

1.NEIRO, SPX, FWOG, MEW and other MEMEs have surged significantly. NEIRO leads this round of increase as exchanges act as market makers for it.SPX is an old MEME from CULT cult culture with similar market-making methods to MOG.FWOG is a frog-themed MEME on PUMP.FUN.The long contract fee rate for POPCAT reaches 200%.

2.New public chains SUI and SAGA are rising.SUI's market cap reached $20 billion USD, close to its previous high.No unlocking will occur before March 2025 for SAGA.This round of market still focuses on speculating MEMEs,new public chains,and AI.

3.Fan tokens such as OG,SANTOS,Lazio,Alpine,and Porto have surged.OG was previously promoted by ground pushers.Historically,fan tokens often pump during market downturns.

4.On-chain Shiba Inu token MOODENG (ETH) has increased dozens of times within a week.Vitalik Buterin responded to Hippo's charity work.The ETH chain hippo's value reached $100 million USD,nearly equaling the initial SOL chain hippo.Chaos ensues among on-chain Shiba Inus,resulting in GAS price surge.