This week in crypto saw significant gains for OKB, Mantle, and Aerodrome Finance, driven by market optimism and technical support levels, while tokens like SPX, Pudgy Penguins, and Conflux experienced notable declines amid market volatility. Bitcoin fluctuated around $117k-$123k, and altcoins showed mixed performance, with mid-cap tokens leading the gains and memecoins losing steam. Overall, a volatile week with sharp pumps and dips, emphasizing the importance of cautious trading.
Pudgy Penguins (PENGU) experienced a nearly 90% surge after a viral post from Justin Sun, TRON founder, which also coincided with speculation about a Spot PENGU ETF. Sun's efforts to reduce TRON's gas fees through new staking features aim to enhance network competitiveness, contributing to the positive market sentiment.
The crypto market experienced a volatile week with meme tokens like BONK, PENGU, and FARTCOIN leading gains, while utility-focused projects like PI, JTO, and KAIA declined. Major cryptocurrencies like Bitcoin and Ethereum remained steady, but the market was driven by hype and memecoin speculation, resulting in sharp price swings and increased volatility.
