Key takeaways
CONFLUX [CFX], Pudgy Penguins [PENGU], Ethena [ENA] led the week with sharp price surges. In contrast, Pump.fun [PUMP], Tezos [XTZ], and Sonic [S] saw significant declines.
This week in crypto, volatility tested investor conviction.
A Satoshi-era whale moved 80,000 Bitcoin [BTC] yet the market shrugged it off, showing resilience and depth.
Meanwhile, BlackRock’s ETH ETF hit a historic $10 billion in AUM, reaffirming institutional conviction in Ethereum.
On the broader front, low- and mid-cap tokens continued to dominate both the top gainers and losers, highlighting fragmented risk appetite and sector rotation.
Weekly winners
Conflux [CFX] — Public L1 blockchain posted an end-week rebound
Conflux [CFX] was this week’s standout, rallying 30% off a $0.105 open, but its price action raised more questions than confidence.
It kicked off with a parabolic 122% breakout, smashing through a four-month range to tap a new all-time high at $0.246, with RSI deep in overbought territory.
But the hype didn’t hold. CFX retraced nearly 80% by midweek, tagging $0.15, hinting at a blow-off top rather than clean accumulation. Structure’s still technically intact, but conviction is shaky.
Source: TradingView (CFX/USDT)
In this kind of chop, you need a solid bid stack to flip the script, something to anchor price and bait sidelined bulls.
So far, CFX has bounced 20% off that $0.15 level, which could mean we’re either carving out a base or gearing up to poke $0.20 again.
Either way, bulls are circling, and Conflux is back on radar. If this bounce sticks, expect a shot at reclaiming key levels next.
Pudgy Penguins [PENGU] — Memecoin took on a bullish directional bias
Pudgy Penguins [PENGU] is creeping up on Conflux with a 28% move off its $0.30 open. But unlike CFX’s wild spike, this run has been way more controlled, showing clear bull intent.
PENGU started the week knocking on the $0.03 resistance, right at the top of last week’s tight range. Could’ve broken either way, but bulls pressed the gas, ripping a 30% move.
Midweek dip? -12.28%, but no follow-through. Buyers stepped back in quick, and PENGU reclaimed the level fast, punching through $0.40 and closing strong.
Momentum’s clearly sticking. As it stands, PENGU looks set to test that $0.046 local top, and if bulls keep pressing, $0.05 is clearly on deck.
Ethena [ENA] — Stablecoin protocol delivered a bullish continuation
Ethena [ENA] came in hot as the third-biggest gainer this week. It clocked a 24.15% move, with price now pressing into the $0.60 supply zone.
It opened the week hovering just below $0.50 resistance, and after a quick -11% shakeout, bulls stepped up. The bounce was sharp, nearly 30% in three days, tagging a $0.63 wick, a level untouched since Q1.
Yes, there’s been a minor -1.37% intraday pullback, which could hint at some local cooling.
But overall, the bid stack is holding, and structure remains bullish. If $0.60 flips clean, August could open with fresh legs toward bullish continuation.
Other notable winners
Outside the majors, altcoin rockets stole the spotlight this week.
Memecoin [MEMECOIN] skyrocketed 4,445%, leading an explosive rally.
Zora [ZORA] followed with a 382% gain, while Uranus [URANUS] surged 330%, rounding out the leaderboard in a week dominated by speculative momentum.
Weekly losers
Pump.fun [PUMP] — Memecoin utility launchpad broke to lower lows
Pump.fun [PUMP] ended the week deep in the red, down 34.62% off its $0.0042 open, making it the top laggard.
And this wasn’t random. As AMBCrypto flagged, it’s tied to heavy ICO-era distribution. Post-launch, Pump.fun committed millions toward buybacks to prop up price.
In fact, since launch, the team’s deployed $19.6 million in buybacks. And yet, Cirrus noted that those tokens are now worth just $7.6 million, a clear sign the bid-side demand isn’t catching up to sell pressure.
Source: TradingView (PUMP/USDT)
Sure, we saw a +8% market cap pop and a 15% volume uptick, which could point to some early dip scooping, likely devs trying to bait FOMO while supply’s still cheap.
But unless PUMP can hold its 7% bounce off that $0.0023 weekly low, it’s still a bit premature to call a clean reversal.
That said, if it can lock in two green weeklies, that’s a decent shift in structure, and something worth watching as we head into next week.
Tezos [XTZ] — Governance protocol took a bearish reversal
Tezos [XTZ] landed in the second loser slot, shedding 17.23% on the week, marking a sharp pullback right after last week’s monster +66.57% candle.
Classic distribution behavior here: Rally exhausts, sellers take over, and price cools off. The big question is, is this just a cooldown, or are we staring at a full-on breakdown?
So far, the daily chart leant reset, not collapse. XTZ dipped to $0.80 early-week, but buyers stepped in, pushing it back to $0.90 at press time.
That rebound shows there’s still demand on the bid, and if bulls keep defending this zone, a breakout attempt toward $1 might not be far off.
Sonic [S] — DeFi facilitator failed to break resistance
Sonic [S] came in as the third weekly laggard, sliding 15% from its $0.40 open, marking a classic overextended pullback after two solid green weeks.
It had just clocked a 23% run-up into resistance, but this time the $0.40 level acted as a hard ceiling.
In fact, bears stepped in early, dragging S down 16% in the first half of the week. It was a clear signal of profit-taking and cooling momentum.
Since then, price has been hovering around the $0.32 zone, suggesting supply’s drying up and a potential local floor forming. If this range holds, a move back toward $0.40 isn’t off the table.
Other notable losers
In the broader market, downside volatility hit hard.
Nobody Sausage [NOBODY] led the losers with a 38% drop, followed by MindWaveDAO [NILA], down 36.7%, and FUNToken [FUN], which slipped 36.6% as momentum sharply cooled.
Conclusion
This week was a rollercoaster. Big pumps, sharp dips, and nonstop action. As always, stay sharp, do your own research, and trade smart.
