The crypto economy had a fairly solid week, though Monday morning brought a bit of a dip. The market currently holds at $2.26 trillion, reflecting a 1.6% drop over the last 24 hours. Among the big winners, meme coin MOODENG took the spotlight, soaring by 400%, while ETHW snagged second place with an 82% rise in its value over the week.
Double-Digit Gains for Over Two Dozen Coins
Many crypto assets enjoyed notable gains, with meme token moo deng (MOODENG) leading the charge, climbing 400% in just seven days. Hot on its heels was ethereum pow (ETHW), the native token for the proof-of-work fork of Ethereum, which surged 82% against the U.S. dollar. Not far behind, the meme crypto called dog go to the moon (DOG) hopped 59.79% higher. Over two dozen crypto coins saw double-digit gains this past week. Some strong contenders were ftx token (FTT), up 55.54%, and dogwifhat (WIF), rising 43.26%.
Trading Volume Highlights and AI Coin Activity
In terms of trading volume, excluding the big players like BTC, ETH, and stablecoins, XRP topped the charts. Close behind, in terms of volume, were SOL, BNB, PEPE, DOGE, SUI, WIF, and SHIB. Alongside the meme tokens, artificial intelligence (AI)-focused coins had their moment in the sun too. Of course, not everyone had a stellar week. Hamster kombat (HMSTR) took a hit, losing 50.14%, while binaryx (BNX) slid by 19.89%. Tron’s sun token (SUN) dropped 13.73%, and monero (XMR) fell 12.86%.
Monday Slump Tempers Early Gains
Only five coins experienced double-digit losses, as the decline only kicked in on Monday, Sept. 30. Before that, the week was mostly positive, but Monday’s slump took a nice bite out of the earlier gains. Analysts view the pullback as a healthy correction after a strong rally, and the continued interest in meme coins and AI tokens suggests market participants are actively seeking alpha.
What do you think about the last seven days of crypto trading action? Share your thoughts and opinions about this subject in the comments section below.