6 hours ago
A rally successful the crypto market, pushing Bitcoin to a caller all-time precocious supra $121,000 connected July 9, has ignited important gains crossed a scope of altcoins, with memecoins and prime DeFi tokens posting daily increases exceeding 30%.
The wide marketplace uplift comes arsenic Ethereum besides shows strength, crossing the $2,780 people with a 6% gain, buoyed by organization involvement and anticipation of aboriginal web upgrades.
This market-wide optimism has proven peculiarly potent for meme-based tokens, which often enactment arsenic high-beta plays connected the wide crypto sentiment. The Solana ecosystem saw aggregate memecoins successful the apical performers list, including Popcat (POPCAT) and dogwifhat (WIF), which roseate implicit 15% and 13% respectively. Other notable gainers successful this class see Brett (BRETT) connected the Base network, Snek (SNEK) connected Cardano, and MOG Coin (MOG) connected Ethereum, each posting double-digit percent increases.
The momentum is not isolated to smaller tokens; Pudgy Penguins (PENGU), a task with roots successful the NFT space, surged implicit 30%. On-chain information reveals important whale accumulation for PENGU, coupled with a surge successful request from South Korean markets and chatter astir a imaginable ETF filing, which look to beryllium cardinal drivers of its performance.
Another memecoin, Banana For Scale (BANANAS31), experienced a much than 26% jump, fueled by a monolithic summation successful trading measurement that pushed it to a caller all-time high.
Biggest Gainers snapshot arsenic of property timeBeyond the speculative fervor surrounding memecoins, decentralized concern protocols besides demonstrated a beardown recovery. Euler (EUL), a lending protocol, saw its token terms ascent implicit 12% to a caller peak. This determination follows the project’s caller integration with BlackRock’s tokenized plus fund, BUIDL, and the announcement of its forthcoming “EulerSwap” connected Unichain, signaling renewed capitalist confidence.
Similarly, Compound (COMP), the seasoned DeFi lending platform, registered an 11% terms increase. Its show whitethorn beryllium linked to caller governance proposals, specifically 210 and 211, which were supported by cardinal stakeholders and aimed astatine adjusting involvement complaint models and reward distributions to optimize level yields. The full worth locked successful DeFi has been connected a dependable incline passim the month, providing a favorable backdrop for tokens successful the sector.
Several tokens with circumstantial inferior narratives besides posted beardown gains. ether.fi (ETHFI), a liquid restaking protocol, accrued by implicit 16%. The task is benefiting from the continued growth of the restaking sector, a ascendant communicative successful 2025, and supports its token terms done a revenue-sharing exemplary that funds token buybacks.
Zebec Network (ZBCN), a decentralized outgo and infrastructure protocol connected Solana, roseate much than 20%. The project’s caller acquisition of Gatenox, a compliance and automation platform, positions it favorably wrong the realms of some Decentralized Physical Infrastructure Networks (DePIN) and Real World Assets (RWA).
An outlier successful the database was ai16z (AI16Z), which recorded a 12% gain. This terms spike occurred contempt immoderate analyses pointing to a broader bearish inclination for the token, indicating a short-term pump placed it among the day’s apical performers.
The gains bespeak a marketplace driven by a operation of Bitcoin’s grounds performance, resurgent involvement successful DeFi, and a renewed appetite for high-beta memecoins.
The station Memecoins rebound surging 30%+ arsenic Bitcoin ATH fuels gains amid DeFi rebound appeared archetypal connected CryptoSlate.
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