The crypto market showed a modest recovery today, rising 0.41% in 24 hours after a week of steep losses. The rebound came as investors shifted focus toward Binance ecosystem growth, rising derivatives volumes, and fresh altcoin momentum.
Binance’s upgrades and developer programs pushed its ecosystem up 0.64%, while perpetuals volume surged 74%, forcing short traders to unwind positions. Consequently, renewed buying helped fuel several sharp rallies across altcoins.
Altcoin Leaders and Meme Coin Surge
In terms of top trending coins, several tokens have made a splash lately. Origin Protocol (OGN) shot up by 35.30%, hitting $0.08424 and bringing its market cap to a solid $56.88 million. Meanwhile, Bitcoin (BTC) followed trading at $114,217.55 with a modest 0.12% increase, keeping its dominance above $2.27 trillion.
Meme-based coins are also riding the wave of trends today. MemeCore (M) surged by 19.41% to reach $0.4484, boosting its market cap to $708.12 million. Similarly, Memecoin (MEME) jumped 28.60% to $0.002592, achieving a valuation of $136.05 million.
On another note, Ethereum (ETH), the second largest by market cap, was the number five on trends at the time of writing, having a 2.20% rise, trading at $4,302.36, although it’s still going through a 7.52% decline over the week.
DexScan Standouts and Chain Inflows
On DexScan, LILPEPE had 337% daily gain, trading at $0.003959 and racking up over 113,000 transactions. Meanwhile, the TRUMP token held its ground with a modest 1.49% increase, buoyed by a solid $62 million in trading volume.
On the flip side, AIOT took a hit, dropping 5.52% to $1.59, which suggests some profit-taking despite $55 million in volume. On the brighter side, Chainlink (LINK) enjoyed a 7.16% gain, and the newcomer IN saw a slight uptick of 1.39%.
Moreover, insights from CryptoDiffer show a different perspective, but still on trends in the capital flows into major blockchains. According to the data shared on X, Avalanche (AVAX) led the pack with a $164 million net inflow, surpassing its previous 30-day record of $139 million.
Ink made a comeback, having $35 million in inflows, while both Scroll and Sei each attracted $23 million. Sonic also turned things around, bringing in $20 million after earlier losses, and Optimism added another $14 million to the mix. On a smaller scale, steady inflows were also seen for Secret, zkSync Era, Sui, and Flow.
These shifts reveal a cautious and vibrant cryptocurrency market. Money continues to flow into different ecosystems, meme tokens, and blockchains despite all the ups and downs.
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