Gate Research Institute: Mainstream Token Generally Pullback | 0G Labs Mainnet Aristotle Officially Launched

Encryption Asset Panorama

BTC (-1.01% | Current Price 114,361 USDT)

Recently, the BTC price has continued to decline after encountering resistance around $117,900. The moving average system (MA5, MA10, MA30) has formed a bearish arrangement, indicating a weak short-term trend. The current price has dropped to around $114,300, and briefly tested a low of $114,250. The trading volume has noticeably increased during the decline, indicating that the bearish forces are dominant.

If the short-term cannot quickly recover the range of 115,000 USD, BTC may continue to trend downwards, with the next support focusing on the range of 113,800–114,000 USD; the upper resistance levels are near 115,500 USD and 116,200 USD. Overall, the short-term trend is bearish, and further correction risks should be noted.

In addition, on September 19, the net inflow of BTC ETF reached 222 million USD in a single day, with BlackRock's IBIT inflow being 246 million USD.

ETH (-3.93% | Current Price 4,290 USDT)

Recently, the ETH price has continued to decline after being pressured from above 4,460 USD, and has briefly fallen below the 4,300 USD level, creating a new low at 4,289 USD. In terms of the moving average system, MA5, MA10, and MA30 have formed a clear bearish arrangement, indicating a weak short-term trend. The trading volume has significantly increased during the sharp decline, indicating strong bearish momentum release, and market sentiment is leaning towards panic.

The support levels to watch below are the range of 4,250 dollars and 4,200 dollars. If these levels are broken, further decline to 4,100 dollars cannot be ruled out. The resistance for a rebound is near 4,350 dollars and 4,420 dollars above. Overall, the short-term trend of ETH maintains a bearish pattern, and if it cannot quickly recover above 4,350 dollars, the downward momentum may continue.

In addition, on September 19, the net inflow of the ETH ETF in a single day was $47.8 million, with BlackRock's ETHA inflow of $144 million and Fidelity's FETH outflow of $53.4 million.

GT (-2.65% | Current Price 16.55 USDT)

The current trend of GT shows that bearish strength is clearly dominant, with the price having broken below all short-term key moving averages and formed a bearish arrangement. The trading volume is accompanied by a "volume increase downtrend," further validating the strength of the downward trend. After reaching a high of 17.48 on September 18, GT entered a continuous correction and plummeted on September 20. Although a small "W bottom" rebound occurred on the 21st, the strength was limited, and it failed to hold above MA30. On the 22nd, the bears exerted force again, with the price dropping to around 16.55, and market sentiment is bearish.

Technical indicators show that MA5, MA10, and MA30 have formed a bearish arrangement, with the moving average cluster (16.70–16.92 range) becoming the main resistance for a short-term rebound; in terms of trading volume, the decline is accompanied by an increase in volume while the rebound is on a decreased volume, confirming stronger selling pressure. The key support level below is at 16.30, and if it fails to hold, further declines may occur; the resistance above is sequentially at 16.60, the 16.70–16.92 range, and 17.20. Overall, if the short-term rebound does not have accompanying volume, it is mostly corrective in nature. If the price fails to recover and stabilize above MA30 (around 16.923), the downward trend is likely to continue.

Daily Price Fluctuation Tokens

In the past 24 hours, the overall market sentiment has been bearish, significantly presenting a "risk aversion" characteristic, with a general correction in the main index. BTC and ETH fell by 1.14% and 4.21% respectively, while major public chain tokens like SOL also recorded a decline of 3.64%, indicating pressure on mainstream assets. Meanwhile, a typical capital rotation phenomenon has emerged in the market: funds are flowing out of mainstream altcoins such as ETH, SOL, and BNB, accelerating towards small and medium market cap projects with clear narratives and ecological progress.

AVNT (+31.11%), ME (+24.85%), RON (+1.98%) have risen against the trend, showing outstanding performance and highlighting that small-cap tokens in hot sectors are more likely to attract funding attention during market fluctuations.

AVNT Avantis (+31.11%, Circulating Market Cap 472 million USD)

According to Gate market data, the current price of the AVNT token is $2.24, having increased by 31.11% in the last 24 hours. Avantis is the largest derivatives exchange on the Base platform and also the largest decentralized exchange (DEX) for trading and market-making real-world assets (RWAs).

Recently, the popularity of on-chain derivatives DEX tracks has continued to rise, driving up the valuations of related projects, with AVNT becoming a highlight. The ongoing Tokensplash event is approaching its end, with a prize pool of approximately 9 million USDT, providing strong financial momentum for the market. Meanwhile, Avantis announced that it will partner with Definitive and Aerodrome to showcase at the Korea Blockchain Week and simultaneously launch the Base Alpha program to further enhance market attention. It is worth noting that the official announcement also previewed an upcoming Onchain Alpha grand giveaway event, which includes a series of highly attractive prizes. These combined factors have collectively driven a strong increase in AVNT.

ME Magic Eden (+24.85%, circulating market cap 143 million USD)

According to Gate market data, the current price of the ME token is $0.84, having increased by about 24.85% in the last 24 hours. Magic Eden (ME) is a multi-chain non-fungible token (NFT) marketplace platform that was initially launched on the Solana blockchain and has since expanded to support various blockchains including Ethereum, Polygon, and Bitcoin. It allows users to buy, sell, and mint NFTs, and offers innovative features such as a Launchpad, trending collections, attribute filters, and auctions.

As the official token of Magic Eden, ME has recently seen an increase, relying on its strong cross-chain NFT and token trading ecosystem. Contributing factors include: the meme coin craze driving growth in NFT minting and trading demand, the expansion of the cross-chain ecosystem to 8 blockchains bringing a larger user base and trading volume, as well as institutional focus on NFTs and the GameFi sector. Technically, after ME broke through the resistance level of 0.87 USD, there may be a short-term pullback, and attention should be paid to whether the support at 0.80 USD can hold; fundamentally, Magic Eden has accumulated over 3.5 million wallets, 70 million transactions, and a total trading volume of 6 billion USD, providing solid value support for ME.

RON Ronin Network (+1.98%, circulating market cap 350 million USD)

According to Gate market data, the current price of the RON token is $0.03, having increased by approximately 1.98% in the last 24 hours. Towns is a decentralized real-time messaging protocol built on an EVM-compatible L2 layer, providing smart contract support on the Base network. The protocol promotes the development of ownable and revenue-generating "spaces" through on-chain membership, encryption messaging, and a programmable reputation mechanism.

RON has recently experienced significant fluctuations. Reports indicate that the Ronin treasury will initiate a buyback plan starting from September 29, intending to exchange all of its holdings of 895 ETH and 650,000 USDC (with a total value exceeding 4.5 million USD) for RON. Based on current prices, this buyback scale is estimated to account for approximately 1.3% of the circulating supply. Stimulated by this news, RON briefly surged over 15% before retracing slightly. The market generally believes that this buyback action reinforces the value support for RON and is a core factor driving the price increase.

Hot Spot Interpretation

StandX TVL breaks through 60 million USD, setting a new historical high.

The total locked value (TVL) of the StandX protocol has exceeded 60 million USD, setting a new record. In the past 3 days, the protocol's locked value has achieved rapid doubling growth. Currently, the StandX pre-deposit activity is about to end, and users can deposit USDT or USDC into DUSD to gain actual returns from staking rewards and futures financing fees.

The rapid rise in TVL of StandX reflects users' recognition of its yield mechanism and capital efficiency. Driven by short-term locking activities, the protocol has attracted a large influx of liquidity, indicating a growing market interest in the combination strategy of stablecoin staking and futures financing. As the pre-deposit activity approaches its end, short-term capital inflows are expected to remain high, but the continued growth of TVL in the future will still depend on long-term user retention and the protocol's own yield competitiveness.

0G Labs Mainnet Aristotle officially launched

AI blockchain platform 0G Labs announced the official launch of its mainnet Aristotle. According to the official introduction, this mainnet can support a processing capacity of up to 11,000 transactions per second (TPS) and has received support from leading RPC infrastructure service providers such as QuickNode, ThirdWeb, and Ankr, laying a technical foundation for its ecological development.

The official launch of the 0G Labs mainnet marks a new stage in its layout in the AI and blockchain integration track. High TPS and support from first-class infrastructure provide the necessary conditions for subsequent on-chain deployment of AI applications. However, what the market needs to pay more attention to is whether 0G Labs can deliver on its technological promises in terms of practical application implementation and developer ecosystem construction. Otherwise, even if the performance is impressive, it will be difficult to attract long-term users and funds.

Story Ecology IPRWA Project Aria launched an institutional-level on-chain IP investment platform Aria PRIME

Story ecosystem IPRWA project Aria announces the launch of its institutional-grade on-chain IP investment platform Aria PRIME, in collaboration with Contents Technologies to initiate the first phase project, which will register and tokenize a Korean music copyright library valued at 100 million USD onto the Story blockchain. Aria PRIME aims to transform high-value IP into liquid and combinable new financial assets through fund structures, legal compliance, and risk control, providing transparent management for copyright holders while also opening up new avenues for institutional investors to enter cultural assets. In the future, Aria plans to expand the scope of tokenization to iconic IP fields such as film and art, with the goal of creating the world's largest institutional-grade IP tokenization platform.

The launch of Aria PRIME opens up a new landscape for "cultural asset financialization" by combining traditional music copyrights with blockchain tokenization mechanisms, providing institutional investors with a brand new asset class. This not only has the potential to enhance the liquidity and transparency of cultural IPs but may also drive larger-scale IP markets in art, film, and more onto the chain in the future. In the short term, the strong rise of $IP reflects the market's enthusiasm for this narrative; however, in the long term, the platform's success still depends on its execution in compliance regulation, copyright confirmation, and institutional adoption.
Reference Materials:

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/trade/GT_USDT
• CoinGecko, https://www.coingecko.com/en/cryptocurrency-heatmap
• Gate, https://www.gate.com/price
• DeFiLlama, https://defillama.com/stablecoin/standx-dusd
• X, https://x.com/0G_labs/status/1969927567173120082
• X, https://x.com/0G_labs/status/1969927567173120082

Disclaimer Investing in the cryptocurrency market involves high risks, and users are advised to conduct independent research and fully understand the nature of the assets and products they are purchasing before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions.