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 variety of altcoins, with memecoins and choose DeFi tokens posting every 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 significantly potent for meme-based tokens, which regularly act as high-beta performs on the final 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 share will increase.
The momentum isn’t remoted to smaller tokens; Pudgy Penguins (PENGU), a mission with roots within the NFT area, surged over 30%. On-chain information 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 a large enhance 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 mission’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 enhance. Its efficiency could also be linked to current governance proposals, particularly 210 and 211, which have been supported by key stakeholders and geared toward adjusting rate of interest fashions and reward distributions to optimize platform yields. The overall worth locked in DeFi has been on a gentle 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 mission is benefiting from the continued progress of the restaking sector, a dominant narrative in 2025, and helps its token value by a revenue-sharing mannequin that funds token buybacks.
Zebec Community (ZBCN), a decentralized cost and infrastructure protocol on Solana, rose greater than 20%. The mission’s current acquisition of Gatenox, a compliance and automation platform, positions it favorably inside the realms of each Decentralized Bodily Infrastructure Networks (DePIN) and Actual World Property (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 pattern 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 file efficiency, resurgent curiosity in DeFi, and a renewed urge for food for high-beta memecoins.
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