It’s been another wild week in crypto, the kind that leaves traders glued to charts and questioning their life choices. Bitcoin teased glory at $123K before inflation fears smacked it back to $117K. Meanwhile, altcoins either soared to new highs or crashed harder than a meme stock on a Monday morning. Let’s break down the week’s stars and strugglers.
OKB Rockets in The Crypto World, Fueled by a Massive Burn
When it comes to headline-grabbing moves, OKB [OKB] stole the entire show. The exchange token didn’t just climb, it went full SpaceX mode, blasting 160% higher from $46 to an eye-popping $122.
The trigger? A hefty 65.2 million token burn that squeezed supply and whipped traders into a frenzy. FOMO kicked in, volume surged nearly 200%, and RSI screamed “overbought” louder than a fire alarm. Sure, it corrected down to $122, but the momentum still feels alive. If bulls keep charging, the $130 wall could be cracked sooner rather than later.
MNT and AERO Try to Steal the Spotlight
Mantle [MNT] wasn’t about to let OKB hog the attention. The finance-focused blockchain jumped 30%+, breaking past its stubborn $1 ceiling for the first time in months. A few bear traps along the way didn’t stop it from pressing toward the $1.40 resistance zone.
Aerodrome Finance [AERO] followed a similar script. Bears tried to push it down early in the week, but the token rebounded like a boxer taking a second wind, leaping to $1.40. With momentum still on its side, AERO traders are already whispering about $2 targets.
And then there were the micro-cap moonshots: Codatta [XNY] erupted 385%, Imagen Network [IMAGE] spiked 309%, and Wiki Cat [WKC] clawed its way to a 270% gain.
The Red Crypto Side: SPX, Penguins, and Conflux
Of course, not everyone had a good week. SPX6900 [SPX] tumbled 20%, failing to hold critical support and proving once again that vertical rallies don’t last forever. Still, a mid-week bounce shows bulls aren’t entirely out of the fight, SPX could flip the script if it regains momentum.
Pudgy Penguins [PENGU] waddled into trouble, sliding 17%. With weak demand and no sign of memecoin-style hype, holding the $0.03 support looks more like wishful thinking than reality.
Conflux [CFX] joined the losers’ club with a 14% drop, cementing its bearish structure. Unless demand magically appears, losing the $0.17 support could open the door for even more pain next week.
Meanwhile, in the broader bloodbath, SOON [SOON] fell 43%, Yala [YALA] plunged 41%, and Rei [REI] lost 40%. Talk about a rough ride.
Big Picture: A Classic Crypto Rollercoaster
Between BTC’s failed $123K breakout, OKB’s fire-fueled rally, and altcoins flipping between euphoria and despair, the past week was the perfect reminder of why crypto traders never sleep. The market may be unpredictable, but it sure isn’t boring.
As always, the rulebook stays the same: stay alert, manage your risk, and don’t FOMO into green candles, or panic-sell the red ones. Next week could bring another round of surprises.
