Gate today's popular tokens: M, IOTX, and TFUEL are leading the pump in alts, ignoring the heavy selling pressure on Bitcoin.

Bitcoin (BTC) continues its sluggish pullback trend, losing the important threshold of 115,000 USD before the weekend. In this generally declining market atmosphere, MemeCore (M), IoTeX (IOTX), and Theta Fuel (TFUEL) have risen against the trend, leading the pump in alts, ignoring the heavy selling pressure on Bitcoin, and becoming the popular tokens on the Gate platform today.

MemeCore (M): Meme Consensus and Korean Market Layout

According to Gate's market data, the current price of M Token is $0.390, with a 24-hour increase of 18.11%.

MemeCore is a Layer 1 public chain compatible with the Ethereum Virtual Machine (EVM), using an innovative "Meme Consensus Mechanism (PoM)" to maintain network security. Users can delegate their meme coins to nodes for staking in a multi-chain environment, thereby enhancing network stability and earning dual block rewards. MemeCore is designed specifically for the meme coin ecosystem, with its mainnet officially launched on February 12, 2025. Its goal is to create a playground for the community to collaboratively build the future of Web3 through memes and decentralized applications.

The price pump of M in the last 24 hours may be related to several factors. First, the listing of M on mainstream exchanges has increased the visibility and accessibility of the token, attracting more investors and thereby increasing trading volume. Secondly, MemeCore announced its entry into the Korean market by acquiring a Korean KOSDAQ-listed company, a strategic move that may enhance investor confidence and expand market coverage.

IoTeX (IOTX): DePIN Narrative and Mention in White House Report

According to Gate market data, the current price of IOTX Token is 0.292 USD, with a 24-hour increase of 8.89%.

The IoTeX platform was established in 2017 as an open-source blockchain project specifically designed for Internet of Things (IoT) applications. The goal of the project is to create a network where "people and machines can interact in a privacy-protected, trustless environment." In addition, the IoTeX ecosystem includes blockchain technology with secure hardware and computing, allowing "trusted data from trusted devices" to be available for decentralized applications.

The main reason for the price pump of IOTX in the last 24 hours is a tweet released from its official X account. The tweet stated that the White House has issued its digital asset report based on Executive Order 14178, which for the first time explicitly mentions DePIN. Earlier this year, IoTeX went to Washington D.C. to meet directly with legislators, showcasing actual hardware and explaining the significance of DePIN. DePIN is developing rapidly, with annual revenues exceeding $250 million, producing significant real-world impacts, but still requires clear regulatory support. The crypto industry is finally gaining momentum in Washington, and now is the time to push further.

Theta Fuel (TFUEL): Edge Cloud Computing and Network Ecosystem Development

According to Gate's market data, the current price of TFUEL Token is 0.039 USD, with a 24-hour increase of 5.24%.

Theta is a "dual network" consisting of two complementary subsystems, namely the Theta blockchain and the Theta Edge Network. The Theta blockchain, based on proof-of-stake, provides payment, rewards, staking, and smart contract capabilities, while the Edge Network is responsible for computing, storing, and transmitting video streams, AI tasks, and other scientific, simulation, and financial modeling use cases. There are two native cryptocurrencies on the Theta blockchain: THETA, used as the staking and governance Token; and TFUEL, used as the fuel for all transactions and on-chain smart contract interactions.

The price of TFUEL has risen in the last 24 hours mainly driven by the development of the Theta network ecosystem. The full launch of Theta EdgeCloud enhances network capabilities, attracting more users and developers, which may increase the demand for TFUEL.

Conclusion

In a market where Bitcoin and Ethereum are generally falling, the counter-trend rise of MemeCore (M), IoTeX (IOTX), and Theta Fuel (TFUEL) showcases their unique narratives and ecological development potential. The performance of these tokens provides a new perspective for the market and proves that even in a bear market, there are still projects capable of attracting investor attention through their fundamentals and strategic layouts.