Gate Web3 has launched a new meme coin tournament, the ‘Meme Traffic King Invitational,’ offering significant prizes and aiming to boost trading activity in the space. This event focuses on meme coin creation and trading, facilitated by major blockchain networks like ETH, BNB Chain, and SOL. The competition will see top-performing tokens earn rewards ranging from 1,000 GT for those with high market capitalization to additional prizes for the top 100 performers. Gate Web3’s previous tournaments have demonstrated significant increases in trading volumes, leading analysts to believe that this latest initiative may also fuel market excitement and liquidity shifts.