Geopolitical tensions crushed the more popular cryptocurrencies last week, but a few defiant underdogs bucked the trend.
Siren Surges Over 300%
BNB Chain (CRYPTO: BNB)-based Siren exploded 335% over the week, fueled by its listing on exchanges such as Binance Futures and Hashkey.
The memecoin, which draws inspiration from the legendary sirens of Greek mythology, hit an all-time high of $3.83 on Sunday, and its market capitalization ballooned from $456 million to $2.2 billion over the week.
MemeCore came in at distant second, rallying 20% over the week. The token, underpinning a Layer-1 blockchain, generated community buzz and expected liquidity incentives, driving speculative buying.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 3:38 a.m. ET) |
|---|---|---|
| siren (SIREN) | +335.17% | $2.78 |
| MemeCore (M) | +20.79% | $1.78 |
| HTX (CRYPTO: HTX) | +3.70% | $0.000001695 |
| Tron (CRYPTO: TRX) | +3.69% | $0.3068 |
| Wrapped Tron (CRYPTO: WTRX) | +3.44% | $0.3071 |
The Rising ‘Sun’
Other winners included those connected to cryptocurrency billionaire Justin Sun.
HTX, the native token of the Sun-backed crypto exchange, climbed 3.70%, while Tron—the cryptocurrency project he founded—gained over 3.60%.
Tron rose after Tron Inc.’s (NASDAQ:TRON) accumulation of 161,222 TRX tokens, taking its total treasury holdings to more than $687 million.
Giants Struggle
Blue-chip coins offered little excitement. Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) slid following President Donald Trump‘s ultimatum to Iran over the Strait of Hormuz.
The total cryptocurrency market capitalization contracted from $2.50 trillion to $2.35 trillion over the week.
Photo courtesy: Memory Stockphoto / Shutterstock
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