Huobi HTX Sees Multi-Sector Rotation in Crypto Market Recovery
The crypto market continued to recover in the fourth week of August (August 24-30), with capital activity and risk appetite rising in tandem.
Niu Lai, a Meme token deployed on the BSC network, led the rankings with an astonishing 300% weekly gain. Its viral popularity stems from an animated film of the same name, independently hand-drawn over five years by its director and his mother without any external production teams.
The DeFi sector also experienced a long-awaited comprehensive breakout this week, becoming the primary destination for capital inflows. SKR achieved doubled growth this week, with BMT rising 42% and DOS gaining 37%. UNI secured a steady 15% gain this week.
ZKP rose 31%, while XMR climbed 22% in the privacy sector. SOL demonstrated steady resilience, recording a 7% gain this week.