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Gate Square New & Returning Creator Rewards are ongoing!
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Spotting momentum in the market right now? Here's what's moving across different asset categories in the last hour.
Memecoin sector showing modest gains—$MUBARAK pushing up 0.23%, $APE climbing 0.09%, and $PENGU making slight progress at 0.03%. Nothing dramatic, but worth monitoring for sentiment shifts.
Layer 1 blockchains stealing the spotlight though. $FIL (Filecoin) surging 3.75% as storage solutions continue gaining traction. $MOVE (Movement) following strong with a 2.61% jump, while $AR (Arweave) hitting 2.47%—solid performance across the decentralized infrastructure stack. $INIT also in the mix, showing how Layer 1 protocols are attracting fresh capital flow.
The divergence between meme tokens and fundamental layer-1 infrastructure is telling. When money rotates toward projects with actual use cases, that's typically a signal worth paying attention to.