PANews reported on October 17 that according to data from the Gate Fun platform, after the launch of the Gate Fun spot direct trading competition, the memes launched on its platform have generally risen. Among them, GCAT is currently trading at US$0.00044699, a 24-hour increase of 43%; GATSBY is currently trading at US$0.0001758, a 24-hour increase of 89.5%.

It is reported that Gate Fun is the first launch platform in the Gate ecosystem designed specifically for MEME tokens. It focuses on "zero-code coin issuance + full-scenario transactions" and aims to create a complete ecological path from token issuance to circulation for Web3 creators and investors. It supports one-click coin issuance, and everyone can easily start a MEME project.