🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
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"924 Market" Launches One Year Anniversary: Nearly 1500 Stocks Have Doubled, "Deposit Migration" Becomes Key Driving Force
Jin10 data reported on September 23 that the "924 market" has ushered in its first anniversary. Data shows that over the past year, the trading volume, financing balance, and number of equity ETFs in the A-share market have all seen a significant rise, with nearly 1500 individual stocks experiencing a doubling market. Looking ahead, multiple institutions believe that "deposit migration" has become the key driving force behind the subsequent market trends in the A-share market. Data indicates that before this round of market pump, the ratio of resident deposits to the total market capitalization of A-shares was at a historical high of around 210%. After the market rose, it currently remains at a historical medium level of 157%, indicating that there is still about a 22 percentage point downward space compared to the low level of around 125%, showing that "deposit migration" still holds potential.