news.bitcoin.com
The crypto economy has had a decent week filled with gains as bitcoin rose 2.8% and ethereum jumped by 27% this past week. The week’s biggest leader, however, was pepe (PEPE) which rose 78.5% over the seven-day run.
Broad Crypto Market Gains
Nearly two dozen crypto assets witnessed double-digit gains this past week with PEPE leading the pack. The green frog-bearing meme coin saw a 78.5% rise over the week and a 5.2% increase during the past 24 hours. Lido’s LDO was the second largest gainer witnessing a 50.3% rise while the third largest gainer was the meme coin bonk (BONK) which jumped 49.3%.
UNI increased by 44.2%, FLOKI spiked by 36.9%, and ONDO saw a 35.6% rise. Other top gainers include PENDLE, AAVE, ARB, ENA, and ETH. Ethereum was the largest gainer out of the top ten standings. Out of the week’s top volumes, the number one position went to PEPE followed by SOL, BNB, and DOGE.
The week also witnessed a small number of seven-day declines with only one coin recording a double-digit loss. Arweave (AR) slid by 16% over the last seven days. Tron (TRX) shed 8.6%, fantom (FTM) lost 8.7%, and akash network (AKT) lost 6.7% against the U.S. dollar. Other notable losers included ZBC, SOL, HBAR, and WLD. Only 16 crypto assets saw losses this week between 1-16%.
As the crypto market wraps up a notably vibrant week, it is evident that most assets moved in lockstep; the spectrum of performances from meteoric rises in meme coins like pepe and bonk to the smaller, subdued retracements in tokens like arweave underscores the complex dynamics at play. Traders and enthusiasts will likely continue parsing through these trends, looking for underlying catalysts and potential indicators of what might lie ahead in this ever-evolving landscape.
What do you think about this week’s crypto winners and losers? Share your thoughts and opinions about this subject in the comments section below.