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Bitcoin (BTC), the largest cryptocurrency by market cap, has surged past $65,000 after a 3.39% price increase, boosting the total crypto market valuation to $2.31 trillion. According to CryptoQuant’s CEO and founder, Ki Young Ju, Bitcoin has successfully navigated several market obstacles, including the German government’s sale of its BTC reserves and the Mt. Gox repayment distributions.
In the TON market, recent data suggests a shift in investor behavior that may impact the asset’s value. CryptoQuant reports that the 30-day open interest delta for TON has turned positive, while the funding rate remains negative. This evolving market dynamic could significantly influence TON’s price movement in the coming weeks. Meanwhile, other blockchains are also experiencing price gains, with this article focusing on the top trending cryptocurrencies on the Solana Chain today.
Top Trending Cryptos on the Solana Chain Today
PUMPY is currently priced at $0.00015, with a market capitalization of $161.15K. The NPC token is valued at $0.00498, with a market cap of $1.97 million and a 24-hour trading volume of $9.04 million, reflecting a remarkable 1,443.66% surge.
Jonah, trading at $0.000914, has experienced an intraday increase of 539.42%, with its trading volume soaring by 435.24% to reach $5.62 million. Meanwhile, Pepe Unchained (PEPU) is making waves in the meme coin space, raising over $15.7 million in its presale. In broader crypto news, Bitcoin is approaching the $65,000 mark, buoyed by positive U.S. economic data.
1. PUMPY (PUMPY)
PUMPY is currently priced at $0.00015 with a market capitalization of $161.15K. Its 24-hour trading volume has surged by an impressive 25,556.53%, reaching $2.56M. With a circulating supply of 999.99M tokens, PUMPY has reached its full capacity. The trading session showed significant price movement.
Around 10:00 AM, PUMPY began an upward trend, with the rally becoming more pronounced by the afternoon. The price peaked shortly after 2:00 PM, but by 2:30 PM, a downward correction set in. By 4:30 PM, a small green candle appeared, hinting at a potential short-term recovery.
The session’s price movement ranged between a low of $0.0001494 and a high of $0.0001740, before settling at $0.0001611, marking a 3.57% increase. Trading volume mirrored this activity, with notable spikes during the 10:00 AM rally, signaling strong market interest. As the price corrected around 4:00 PM, the increased volume suggested heightened selling pressure during the dip. On a broader scale, the bullish momentum earlier in the day indicates strong buying interest, but the subsequent correction hints at potential profit-taking.
The price stabilizing around $0.0001500 could suggest a support level, while resistance near $0.0001740 appears likely, as the price struggled to push beyond that point.
2. NPC (NPC)
The NPC token is currently valued at $0.00498, with a market cap of $1.97M and a 24-hour trading volume of $9.04M, reflecting an impressive 1,443.66% surge. The circulating supply is 420.69M NPC, which represents the token’s maximum supply. In terms of trading activity, volume peaked at 104.606K during recent price fluctuations, highlighting significant market engagement. The gradual rise in volume leading up to the price surge suggests growing interest, followed by intense trading during the correction phase.
Early afternoon, particularly between 3:00 PM and 4:00 PM, saw strong bullish momentum, with large green candles reflecting increased buying interest and positive sentiment. However, after 4:00 PM, a large red candle indicated selling pressure, likely due to profit-taking or a market correction.
From a technical standpoint, the recent high of $0.009000 may act as a resistance level if prices attempt another upward move. On the other hand, the current price of $0.004923 could serve as short-term support, though the sharp decline indicates the market may test lower levels if selling pressure persists.
Additionally, the NPC/USD pair has shown notable volatility, with a rapid rally followed by a swift sell-off, suggesting the market is undergoing a correction. Traders should monitor for signs of consolidation or further price drops before considering new positions. In this volatile environment, effective risk management is essential.
3. Jonah (Jonah)
Jonah is currently priced at $0.000914, showing an impressive 539.42% intraday surge. Its 24-hour trading volume has jumped to $5.62M, marking a substantial 435.24% increase. With a total supply of 999.99 million Jonah coins, all are in circulation.
A 15-minute chart analysis of the Jonah/USD pair on DEXTools.io reveals significant market volatility. Trading on the RAY exchange, the pair is now priced at $0.0009429, reflecting an 11.22% decline in the most recent period. Each candlestick represents 15-minute intervals, capturing various price fluctuations throughout the trading day.
Earlier in the day, around 9:00 AM, the market experienced a strong bullish surge, marked by large green candles and a spike in volume, indicating significant buying activity likely driven by positive sentiment. However, between 11:00 AM and 1:00 PM, the market shifted direction. A series of red candles, accompanied by decreasing volume, signaled increased selling pressure.
Recent price declines suggest short-term bearish sentiment. Traders should look for signs of stabilization or a potential reversal before making any decisions. Meanwhile, Jonah is now available on Bitget Wallet, allowing users to purchase the token with debit or credit cards. The platform also supports instant coin-to-coin swaps and serves over 19 million users, with a total swap volume of $8 billion.
What Could Be the Next Top Trending Crypto?
Pepe Unchained (PEPU) is gaining significant attention in the meme coin space, raising over $15.7 million during its presale. Unlike many meme coins that rely purely on hype, PEPU is introducing a Layer-2 blockchain called the “Pepe Chain.” This technology is designed to enable faster transactions and lower fees compared to Ethereum, setting PEPU apart in a market typically driven by speculation.
Layer-2 solutions, which operate on top of major blockchains like Ethereum, have seen immense growth in 2024, with over $37.6 billion locked across various networks. Leading platforms like Arbitrum, Base, and Optimism have capitalized on this trend, but Pepe Unchained seeks to carve out a niche by focusing specifically on meme coins. According to its whitepaper, the Pepe Chain will be 100 times faster than Ethereum, featuring a dedicated block explorer and instant bridging capabilities.
The presale success has drawn significant attention, with tokens priced at $0.00986 each and offering an annual percentage yield (APY) of 135%. Investors are not only attracted by the favorable pricing but also by the project’s double staking protocol, which offers additional rewards for token holders. The rapid presale growth has caught the eye of influencers and analysts alike, with many predicting that PEPU’s price could see substantial gains once it officially launches.
With its unique Layer-2 technology and focus on the meme coin ecosystem, Pepe Unchained has the potential to be the next top trending crypto, differentiating itself in a highly competitive market.
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