Huobi HTX Platform Weekly Asset Review (Oct. 26–Nov. 1): BEAMX Leads the Gains, Meme Sector Performs Actively

Volatility in the cryptocurrency market noticeably intensified last week. On October 28, the Federal Reserve maintained its target interest rate range unchanged with a 10-to-2 vote. The following day, Binance suffered a security incident, which shook market sentiment and placed widespread pressure on mainstream assets, causing Bitcoin to briefly pull back to around $77,000. Data from the HTX platform indicates that between October 26 and November 1, top gainers were relatively dispersed across various assets. The blockchain gaming network BEAMX led with a 104% weekly surge, while Meme tokens AINVDA and PEPE also delivered standout performances.

Multi-Track Assets: Blockchain Gaming Network BEAMX Leads Gains

BEAMX: Up 104% last week. Beam originated from the game DAO Merit Circle and is a dedicated network for Web3 gaming, providing developers with infrastructure such as on-chain assets, payments, and accounts. Since the beginning of this year, Beam's focus has expanded from a single gaming track to a multi-business ecosystem, spawning multiple new products.

HYPE: Up 26% last week. Hyperliquid is a leading on-chain perpetual exchange running on its own high-performance public chain, with most protocol fees used to repurchase HYPE. On October 29, Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, announced a collaboration with Trade[XYZ], which builds trading markets on Hyperliquid. The plan aims to launch a regulated perpetual contract market in the US using Hyperliquid's HIP-3 technology. ICE will handle trading and clearing and take a strategic stake in Trade[XYZ], pending regulatory approval. Renowned investor Stanley Druckenmiller also disclosed an investment in Trade[XYZ] on the same day. Following the announcement, HYPE surged over 15% in a single day.

TRX: Up 15% last week. TRX is the native token of the TRON blockchain, used to pay for network resources like bandwidth and energy, and participates in super representative voting.

WIN: Up 13% last week. WINkLink is an oracle network within the TRON ecosystem, providing price feeds and verifiable random number services for on-chain applications.

HTX: Up 7% last week. HTX is the governance token of HTX DAO, allowing holders to participate in governance votes.

SUN: Up 6% last week. SUN is the governance token of SUN.io, a DeFi platform in the TRON ecosystem. The platform's services encompass decentralized trading, stablecoin swaps, and token launches.

Meme: Tokenized Stock Narratives and Veteran Memes Move in Parallel

AINVDA and PEPE represent two distinct types of Meme assets. The former belongs to the recently emerged "tokenized stock Meme" category, where trading pairs are directly linked to tokenized stocks; the latter is one of the longest-surviving and most liquid Meme assets in the market.

AINVDA: Up 67% last week. AINVDA is the ticker symbol for the Artificial Inu community token listed on exchanges. Issued on Robinhood Chain, it trades directly against tokenized Nvidia stocks via Uniswap v4 liquidity pools, combining AI and Meme narratives.

PEPE: Up 29% last week. Based on the long-standing frog meme from internet culture, PEPE is one of the Meme assets with the broadest community foundation, often reacting first when sector sentiment recovers.

Meme asset prices are highly dependent on community sentiment, exhibiting far greater volatility than mainstream assets. Participants should thoroughly assess the associated risks.

Sector Rotation Amid Market Volatility

Last week, the market swung dramatically amid consecutive macro policy decisions and unexpected events, with top gainers spread across several loosely related sectors. During periods of sharp short-term volatility, asset prices become more susceptible to individual events and capital flows. Investors should carefully evaluate risks by analyzing project fundamentals before participating. HTX will continue to monitor developments across various sectors and public chain ecosystems, ensuring reliable trading services for users through steady platform operations.