PEPE memecoin surged 25% over the past week, driven by consecutive daily rallies and increased whale transfers exceeding $1 million each, the highest since mid-March. Token reserves on exchanges declined as large holders expanded their wallets, signaling institutional accumulation. Futures open interest hit a three-month peak of $250 million with positive funding rates, indicating strong bullish sentiment. Despite mixed spot market signals with recent net outflows, technical indicators like MACD and price above key moving averages suggest potential for further gains if spot demand strengthens.
Ethena (ENA) surged 27.3% to $0.1211, leading the market gainers as decentralized finance (DeFi) platforms gain traction. The rise highlights growing investor interest in innovative DeFi projects offering synthetic assets. Other notable movers includ...
Major cryptocurrencies saw significant gains, with Bitcoin rising 6.2% to $72,557 and Ethereum up 10.9% to $2,326.79. Other notable increases include XRP up 16.1%, Dogecoin up 10.7%, and several altcoins showing double-digit percentage gains. This su...
