- Biggest gainers: Virtuals Protocol [VIRTUAL], Solayer [LAYER], and Monero [XMR].
- Biggest losers: Official Trump [TRUMP], Worldcoin [WLD], and Optimism [OP].
This week, the crypto market flexed some serious muscle.
Sentiment took a positive turn after the SEC dropped some major lawsuits. On the institutional front, things picked up, with Binance and MGX pulling off a record $2 billion crypto deal. Plus, Japan’s Metaplanet made moves to expand its Bitcoin strategy.
Yet, low and mid-cap assets stole the show. Investors seem to be staying risk-on, hunting for those short-term outsized gains.
Weekly winners
Virtuals Protocol [VIRTUAL] – AI-focused token kept its rally alive
Virtuals Protocol [VIRTUAL] reclaimed the spotlight this week, leading the gainers chart with a sharp 42.32% rally.
After flipping the $1 level last week, sellers looked poised to take control at resistance. But the bulls came out swinging.
The week opened with a 31.20% intraday breakout, likely triggering a cascade of short liquidations.
Price action steamrolled past $1.80, flipping it into a local top as momentum waned. As of now, sellers are reloading, with signs of a fresh short setup building as VIRTUAL shows fatigue near overheated levels.
Source: TradingView (VIRTUALS/USDT)
Over the last 24 hours, OI fell 11%, and $2.08 million long positions at the $1.80 wick top got nuked in the liquidation flush.
Additionally, spot volume has cratered 20%, a red flag that buyer aggression is cooling. Price is down 9.93% to $1.53 at press time, and sellers are eyeing further downside with fresh short setups forming on lower timeframes.
Still, if this is just a technical breather and $1.50 holds as a higher low, the next leg up toward $2 isn’t off the table. The bulls aren’t out of the game just yet.
Solayer [LAYER] – Hardware-based blockchain posted new weekly highs
Solayer [LAYER] surged 22% this week to hit $3.20, riding a strong continuation from last week’s breakout.
The rally kicked off with a 12.46% daily candle to $2.96. Hence, tagging a new all-time high.
In fact, it breached the $3 handle soon after, but profit-taking at $3.25 carved out a local top as the day closed red by 6.75%.
Still, the structure remains firmly bullish. Price dips are consistently met with demand rebounds, pointing to underlying accumulation. Even on the 24-hour frame, LAYER is dominating with an 11.62% gain.
More importantly, volume’s up 144%. With buyers defending key zones, LAYER is flashing strength.
Barring a macro pullback, it’s one low-cap asset that could extend its leg higher next week.
Monero [XMR] – The OG privacy coin showed signs of fatigue
Monero [XMR] surged 18% on the week, snapping a multi-year downtrend in style.
After grinding sideways for what felt like forever, XMR finally punched through its long-standing resistance band with a 10% breakout candle, tapping $391 – a level it hadn’t visited since 2021.
But while the breakout was textbook, follow-through lacked conviction. No real FOMO, no aggressive volume spike – just a sharp wick and a fast retrace. By day’s end, XMR had retraced hard, closing at $258.
At press time, it’s down 2.20%, with volume slipping 5.53%. RSI is starting to tilt downward, and signs point to long-term holders (LTHs) offloading into strength.
Unless bulls defend the $240–$250 demand zone and drive renewed momentum, XMR risks falling into a classic bull trap setup.
Other notable gainers
Beyond the major players, the broader market saw significant movement.
Mansory Token [MNSRY] posted a 107% rally, leading the charge. REVOX [REV] and TROLL [TROLL] followed closely with 105% and 100% gains, respectively.
Weekly losers
Official Trump [TRUMP] – Memecoin mania fizzled out, topping the week’s losers
Official Trump [TRUMP] went from hero to heavy drawdown this week, shedding 26.66% and tumbling from the top gainer spot straight into the red.
After a clever Q2 kickoff with the much-hyped “Dinner with Trump” promo, price action reclaimed the critical $16 level, flipping prior resistance into temporary support.
But the rally lacked legs – volume dried up and conviction waned. On-chain sleuths flagged five large TRUMP holders offloading a combined 126K tokens onto Bybit – classic distribution play.
That kind of whale activity usually spells incoming volatility, and this time, it came with a downside bias.
At press time, TRUMP is struggling to hold intraday support, with momentum indicators like RSI rolling over and Open Interest dropping by 15.23%, hinting at de-risking across derivatives.
Unless bulls mount a serious defense soon, TRUMP could revisit key liquidity zones below $8.
Worldcoin [WLD] – Finance-focused utility token struggled to hold ground
Worldcoin [WLD] took a hit this week with a 21% drop, unable to maintain the gains from the previous rally that briefly pushed it past the $1 mark.
With a 5.37% dip in market cap, dropping to $1.24 billion, WLD is flirting with low-cap territory.
Notably, its volume also dived, signaling waning interest and a potential further descent. At this rate, WLD risks getting stuck in a downtrend, with key support lurking around $0.80 and $0.70.
However, the RSI crossing into 80 territory, could imply accumulation at current levels.
This provides a potential bullish divergence, hinting at possible upside if the buying pressure re-enters.
Source: TradingView (WLD/USDT)
For now, WLD is stuck in a consolidation phase, but with support intact, a reversal isn’t completely off the table. Watch for a potential higher low formation.
Optimism [OP] – Layer 2 bulls tapped out as bears took control
Optimism [OP] is feeling the heat, with a 17% loss this week.
After opening with a minor 1.64% jump, bulls tried to regain control following a prior 8.08% dip to $0.774. But what followed? A classic bull trap.
The momentum stalled and OP extended its 3% decline, with the RSI still shy of oversold levels, leaving room for more downside. The market volume dropped by 10%, reinforcing the bearish trend.
With support hanging around $0.62, it’s a make-or-break zone. A bounce here could spark a bullish reversal, while a breakdown may push OP further into correction territory.
Keep an eye on that level – OP’s next move will hinge on whether it can turn things around or sink further.
Other notable losers
In the broader market, some tokens experienced significant drawdowns.
WEMIX [WEMIX] led the decline with a sharp 50% retracement, followed by Hyperlane HYPER] and Synapse [SYN], which saw corrections of 31% and 30%, respectively
Conclusion
Here’s your weekly recap of the top gainers and losers. As always, the crypto market’s volatility is in full swing, with price swings happening fast and furious.
Remember, it’s important to do your own research (DYOR) before jumping into any investments!
