Elon Musk retweeted a tweet about the Meme coin Shoggoth, which saw its market capitalization rise over 90% briefly before falling back.

🚀 Gate Fun Chinese Meme Fever Keeps Rising!
Create, launch, and trade your own Meme tokens to share a 3,000 GT!
Post your Meme on Gate Square for a chance to win $600 in sharing rewards!
A total prize pool of $3,600 awaits all creative Meme masters 💥
🚀 Launch now: https://web3.gate.com/gatefun?tab=explore
🏆 Square Sharing Prizes:
1️⃣ Top Creator by Market Cap (1): $200 Futures Voucher + Gate X RedBull Backpack + Honor Poster
2️⃣ Most Popular Creator (1): $200 Futures Voucher + Gate X RedBull Backpack + Honor Poster
3️⃣ Lucky Participants (10): $20 Futures Voucher (for high-quality posts)
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📢 Gate Square Ambassador Recruitment is Now Open! 🔥
Join Gate Ambassadors for more than just creating — embark on an exciting journey! 💡
As a Square Ambassador, you’ll enjoy:
🎁 Exclusive perks to showcase your unique value
💰 Square task alerts — earn rewards while posting
🎨 Limited-edition merch — become an official Gate representative
⭐ VIP5 status + Square Yellow V badge — stand out with ease
🚀 Join us and become:
A community influencer
A Web3 creative pioneer
A promoter of quality content
🎉 Click to apply and start your ambassador journey: https://www.gate.com/questionnaire/4937
📖

Gate App Options Now Live! Test and Win Big
📅 Event Period: September 30, 2025 – October 17, 2025
- Submit valid feedback to receive 10–100 USDT.
- Complete at least 10,000 USDT in cumulative options trading volume to participate.
👉 Register now ：https://www.gate.com/campaigns/2063
Details: https://www.gate.com/zh-tw/announcements/article/47455