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Altcoins mostly fell; Celestia, ZKsync, and EigenLayer led gains with strong technical catalysts.

Market News
16 Oct 2026
Crypto Briefing
View Source
Bullish
Altcoins mostly fell; Celestia, ZKsync, and EigenLayer led gains with strong technical catalysts.

Most altcoins declined last week, with only 34% posting gains. Celestia (TIA) led with a 45% rise, driven by a network throughput benchmark and new platform adoption. ZKsync (ZK) gained 23.7% after a key technical update and praise from Ethereum co-founder Vitalik Buterin. EigenLayer (EIGEN), Kamino (KMNO), and Pyth Network (PYTH) also posted moderate gains. The narrow rally suggests money is rotating into select smaller-cap tokens amid cooling major crypto assets, but rising leveraged positions could increase volatility.

As of Oct 16, 2026 19:32 WIB, Celestia (TIA) stands out on Pluang with a strong 1-day gain of 32.44%, trading at Rp12.651 and showing significant market interest despite a majority of sell orders. In contrast, ZkSync (ZK) and Kamino Finance (KMNO) show more moderate daily increases of 4.61% and 17.67% respectively, with ZK priced at Rp312 and KMNO at Rp695. This highlights a varied momentum among altcoins, with TIA leading in short-term gains on the platform.

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