A rally within the crypto market, pushing Bitcoin to a brand new all-time excessive above $121,000 on July 9, has ignited substantial positive aspects throughout a spread of altcoins, with memecoins and choose DeFi tokens posting day by day will increase exceeding 30%.
The broad market uplift comes as Ethereum additionally reveals energy, crossing the $2,780 mark with a 6% achieve, buoyed by institutional curiosity and anticipation of future community upgrades.
This market-wide optimism has confirmed notably potent for meme-based tokens, which frequently act as high-beta performs on the overall crypto sentiment. The Solana ecosystem noticed a number of memecoins within the high performers listing, together with Popcat (POPCAT) and dogwifhat (WIF), which rose over 15% and 13% respectively. Different notable gainers on this class embody Brett (BRETT) on the Base community, Snek (SNEK) on Cardano, and MOG Coin (MOG) on Ethereum, all posting double-digit proportion will increase.
The momentum just isn’t remoted to smaller tokens; Pudgy Penguins (PENGU), a undertaking with roots within the NFT house, surged over 30%. On-chain knowledge reveals vital whale accumulation for PENGU, coupled with a surge in demand from South Korean markets and chatter round a possible ETF submitting, which look like key drivers of its efficiency.
One other memecoin, Banana For Scale (BANANAS31), skilled a greater than 26% leap, fueled by an enormous improve in buying and selling quantity that pushed it to a brand new all-time excessive.
Past the speculative fervor surrounding memecoins, decentralized finance protocols additionally demonstrated a robust restoration. Euler (EUL), a lending protocol, noticed its token value climb over 12% to a brand new peak. This transfer follows the undertaking’s current integration with BlackRock’s tokenized asset fund, BUIDL, and the announcement of its forthcoming “EulerSwap” on Unichain, signaling renewed investor confidence.
Equally, Compound (COMP), the veteran DeFi lending platform, registered an 11% value improve. Its efficiency could also be linked to current governance proposals, particularly 210 and 211, which had been supported by key stakeholders and aimed toward adjusting rate of interest fashions and reward distributions to optimize platform yields. The entire worth locked in DeFi has been on a gradual incline all through the month, offering a good backdrop for tokens within the sector.
A number of tokens with particular utility narratives additionally posted sturdy positive aspects. ether.fi (ETHFI), a liquid restaking protocol, elevated by over 16%. The undertaking is benefiting from the continued progress of the restaking sector, a dominant narrative in 2025, and helps its token value by way of a revenue-sharing mannequin that funds token buybacks.
Zebec Community (ZBCN), a decentralized cost and infrastructure protocol on Solana, rose greater than 20%. The undertaking’s current acquisition of Gatenox, a compliance and automation platform, positions it favorably throughout the realms of each Decentralized Bodily Infrastructure Networks (DePIN) and Actual World Belongings (RWA).
An outlier within the listing was ai16z (AI16Z), which recorded a 12% achieve. This value spike occurred regardless of some analyses pointing to a broader bearish development for the token, indicating a short-term pump positioned it among the many day’s high performers.
The positive aspects mirror a market pushed by a mix of Bitcoin’s report efficiency, resurgent curiosity in DeFi, and a renewed urge for food for high-beta memecoins.
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