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Bitcoin (BTC), the largest cryptocurrency by market capitalization, surpassed $65,000 following a 3.39% increase, bringing the total crypto market valuation to $2.31 trillion.
CryptoQuant CEO and Founder Ki Young Ju highlighted that Bitcoin has managed to overcome various market challenges, such as the German government’s sale of its BTC reserves and redemption distributions from Mt. Gox.
Recent trends in the TON market indicate a change in investor behavior, potentially affecting the value of the asset. Data from CryptoQuant shows that the 30-day open interest delta for TON has turned positive while the funding rate remains negative. This change in market dynamics could play a crucial role in TON’s price action over the coming weeks. Meanwhile, other blockchains are experiencing price increases. This article focuses on top trending cryptos on Solana Chain today.
Top Trending Cryptos on Solana Chain Today
The PUMPY cryptocurrency is currently valued at $0.00015, with a market cap of $161.15,000. The NPC token is priced at $0.00498, with a market cap of $1.97 million and a 24-hour trading volume of $9.04 million, an impressive increase of 1,443.66%.
Jonah, which is trading at $0.000914, saw an intraday spike of 539.42%, with trading volume reaching $5.62 million, an increase of 435.24%. Meanwhile, Pepe Unchained (PEPU) is gaining traction in the coin-op space, raking in over $15.7 million during its presale. Bitcoin tests $65,000 level following positive economic data from the United States
1. PUMP (PUMP)
The PUMPY cryptocurrency is currently priced at $0.00015 and has a market cap of $161.15,000. Its 24-hour trading volume is $2.56 million, reflecting a significant rise of 25,556.53%. With a circulating supply of 999.99 million tokens, PUMPY is at capacity in terms of available coins.
Throughout the trading session, price action was notable. Starting around 10:00 a.m., Pumpy began an uptrend, which became evident as the price increased. This price movement finally peaked shortly after 2:00 p.m. However, around 2:30 p.m., a downward correction began, marking a change in momentum. Around 4:30 p.m., a small green candle appeared, signaling a possible short-term recovery.
Price action throughout the session ranges from a low of $0.0001494 to a high of $0.0001740. Subsequently, the price settled at $0.0001611, representing an increase of 3.57%. Trading volume supports this activity, with peaks around the 10:00 a.m. rally, indicating strong market interest. Additionally, as price corrects around 4:00 p.m., volume increases again, suggesting selling pressure during the decline.
From a broader perspective, the bullish momentum at the start of the day suggests strong buying interest, but the ensuing correction implies possible profit-taking. Price hovering around $0.0001500 may indicate support, while resistance near $0.0001740 seems plausible, given the price’s inability to break above.
2. NPC (NPC)
The NPC token is currently priced at $0.00498. Its market capitalization is $1.97 million and its 24-hour trading volume is $9.04 million, representing a notable increase of 1,443.66%. The circulating supply stands at 420.69 million NPC, which is the total maximum supply.
Turning to volume information, trading volume peaked at 104,606K during recent price movements, indicating significant activity. The gradual increase in volume before the price surge suggests growing market interest, followed by heavy trading during the correction phase. The early afternoon saw strong bullish momentum, particularly between 3:00 p.m. and 4:00 p.m., with large green candles indicating increased buying interest and positive sentiment. However, after 4:00 p.m., a large red candle indicated selling pressure, likely driven by profit-taking or a market correction.
From a technical perspective, the recent high of $0.009000 could act as a resistance level if prices attempt a further move higher. Conversely, the current $0.004923 level could act as near-term support, although the sharp decline suggests the market could test lower levels if the selling continues.
Additionally, the NPC/USD pair showed significant volatility, with a strong rally followed by a quick sell-off. This suggests that the market is undergoing a correction and traders should watch for signs of consolidation or further price declines before making new entries. Risk management therefore remains crucial in this volatile environment.
3. Jonah (Jonas)
Jonah is trading at $0.000914, reflecting an intraday increase of 539.42%. Its 24-hour trading volume jumped to $5.62 million, reflecting a significant increase of 435.24%. The total supply stands at 999.99 million Jonas coins, all of which are already in circulation.
Analysis of the Jonah/USD pair on a 15-minute chart from DEXTools.io shows notable market volatility. The pair trades on the RAY exchange and is currently priced at $0.0009429, marking a decline of 11.22% over the last period. Each candlestick represents 15-minute intervals, showing different price movements throughout the day.
Earlier today, around 9:00 a.m., the market experienced a strong bullish surge. This is evident in the large green candles, alongside a spike in volume indicating strong buying activity. This rise is likely due to positive market sentiment. However, from 11:00 a.m. to 1:00 p.m., the market reversed its direction. A series of red candles and falling volume highlighted the selling pressure.
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Additionally, recent price declines suggest bearish market sentiment in the near term. Traders should watch for signs of stabilization or reversal before making decisions. Meanwhile, Jonah is now listed on Bitget Wallet. Users can purchase the token with debit or credit cards. The platform also offers instant coin-to-coin trading and supports over 19 million users, with a total trading volume of $8 billion.
What could be the next hottest cryptocurrency?
Pepe unleashed (PEPU) is making waves in the meme coin space, having raised over $15.7 million during its presale. Unlike other meme coins, which often rely solely on hype, PEPU introduces a layer 2 blockchain known as “Pepe Chain”. This innovation aims to provide faster transactions and lower fees than Ethereum, setting it apart in a market that typically thrives on speculative enthusiasm.
Layer 2 technology, which runs on top of existing blockchains like Ethereum, has gained traction in 2024, with over $37.6 billion locked across various networks. While Arbitrum, Base, and Optimism have led the charge, Pepe Unchained seeks to differentiate itself by focusing solely on meme coins. According to its whitepaper, the Pepe chain promises to be 100 times faster than Ethereum and will include a dedicated block explorer as well as instant bridging capabilities.
Additionally, the project’s presale was particularly successful, with tokens priced at $0.00986 each and an APY of 135%. Investors are not only attracted by the discounted price, but also by the project’s dual staking protocol, which offers rewards to token holders. Additionally, the rapid growth in pre-sales has attracted the attention of influencers and analysts, with some predicting significant price increases for PEPU once it officially launches.
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Once the presale is over, Pepe unleashed plans to launch its decentralized exchange (DEX) on the Pepe Chain. Additionally, further listings on other DEXs and centralized exchanges (CEXs) are expected, which could improve its visibility and accessibility. The project has also been audited by Coinsult and SolidProof, lending credibility to its tokenomics and overall structure.
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Learn more
Most Wanted Crypto Launch – Pepe Unchained
- Layer 2 Coin Ecosystem
- Featured in Cointelegraph
- SolidProof and Coinsult audited
- Faceoff Rewards – pepeunchained.com
- Over $10M Raised at ICO – Ending Soon
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