The crypto market continued its divergent trend this week. Bitcoin remained within a narrow range as the market awaited further signals from US interest rate policy, while funds flowed more heavily into more volatile altcoins.
AERO, JTO, and JUP led the gains.
Aerodrome Finance (AERO) was the best-performing token this week, with a weekly gain of 44%. After rising 13.7% the previous week, AERO continued its upward momentum and climbed back above $0.50.
Jito (JTO) ranked second with a weekly gain of 28%. As a liquidity staking protocol in the Solana ecosystem, JTO's performance this week closely correlated with the rise of SOL. The report suggests that as SOL strengthened, staking demand within the Solana ecosystem increased, leading to greater attention for JTO.
Jupiter (JUP) rose 19% this week, ranking third. Combined with the 14% gain the previous week, JUP has accumulated a gain of nearly 35% in two weeks and has returned above $0.20.
- Cortex (CX) rose 254%
- B-token issuance economy (B-token issuance) rose 233%
- Synapse (SYN) rose 208%
BEAT, Humanity, and DEXE saw the largest declines.
On the decliners list, Audiera (BEAT) fell 72% this week, making it the worst-performing token. After a previous surge, the token quickly retreated, with its latest price hovering around $1.70.
Humanity (H) fell 50.8% this week, marking its second consecutive week of significant weakness. The report noted that the token has fallen below $0.19, dropping to around $0.16, indicating that selling pressure has not yet eased significantly.
DeXe (DEXE) fell nearly 18% this week, ranking third. The token had already fallen 9.5% the previous week, and this week it fell to $13, a more than one-month low.
- Constellation (DAG) fell 37.8%.
- ETHGas (GWEI) fell 37%.
- MYX Finance (MYX) fell 35%
The market is still mainly driven by structural rotation.
Overall, there was no broad-based rally this week. Bitcoin remained in a consolidation phase, with funds mainly concentrated in a few strong-performing tokens, and the market continued to be characterized by structural rotation.
Against this backdrop, assets related to the Solana ecosystem performed relatively actively, while some small-cap tokens that had previously seen significant gains experienced a noticeable pullback, indicating that short-term funds are still switching around quite quickly.
