Odaily News According to on-chain analyst Ai Yi's monitoring, PLAY surged 300% in 1 hour, with a peak funding rate of 0.2917%, indicating that bullish traders' aggressive buying prompted arbitrage funds to buy Spot. This was driven by contract buy orders without intense Bull vs Bear Battle; bullish traders could not force bearish traders to capitulate and pay profits through high funding rates. Ultimately, PLAY's returns will turn into a "Long Kills Long" model for those who run early. Moreover, PLAY fundamentally differs from $MEMEFI, as MEMEFI may hold on until the 11th for automatic Delivery, while PLAY lacks such an opportunity, and instead, bullish traders may struggle to support under high funding rates. The success of MYX's pump marketing has attracted a large number of retail investors chasing the price on the gainers list, while most Tokens do not actually have such "long-term control over funding rates."

Gate News Bot news, on August 07, according to CoinMarketCap data, as of the time of writing, MEMEFI (MemeFi) is currently priced at 0.00379182 USD, with a rise of 176.32% in the last 24 hours, reaching a high of 0.00413102 USD and a low of 0.00130568 USD. The current market capitalization is approximately 37.9 million USD, an increase of 2.42 million USD compared to yesterday. MemeFi is a leading Telegram game and Web3 meme ecosystem with 52 million players. The MEMEFI token is now trading on a certain CEX. The project collaborates with the Sui blockchain to issue tokens on the Sui ecosystem, providing a low-cost, fast, and user-friendly claiming experience. MemeFi introduces users to the chain through gamification and large-scale application scenarios.

Odaily Planet Daily News MemeFi announced an update on MEMEFI stake on X: "The cache issue has been resolved. The queue has been restarted and over 22,000 claims have been processed. If users still encounter issues receiving Token on Sui after off-chain stake application...