- Market gains were led by AI, memecoins, and Layer-2, with FET up 9.42% and WIF soaring over 16%.
- Top tokens such as PEPE, WIF, and AAVE saw boosted trading volumes.
- The dismissal of the SEC lawsuit brings about renewed bullish sentiment signaled by market rotation.
Artificial Superintelligence Alliance (FET) surged 9.42% to $0.8002, marking the strongest gain among major tokens by market cap. Arbitrum (ARB) followed, rising by 8.90% to $0.365 as enthusiasm for Ethereum layer two projects picked up again. Both Stacks (STX) and Worldcoin (WLD) both climbed over 7%, priced in at $0.7818 and $1.20.
Aave (AAVE) gained a respectable 7.24% to $259.48. Trading volume was slightly higher, while Immutable (IMX) and Jupiter (JUP) were up over 7% each. Token Bonk (BONK) added 6.82% as it resumed its gradual comeback.
In terms of overall market activity, AAVE took the lead with over $387 million in 24-hour volume. Arbitrum and Worldcoin crossed the $183 million mark, as did Bonk, which moved $211 million, higher than some larger cap assets.
Top Daily Movers Highlight Volatility Shift
The overall daily gainers’ chart was led by Sky (SKY), which leaped 17.29% to $0.0767. Yet it registered a relatively low transaction volume of just $7.6 million, suggesting a narrow liquidity. The top gainer was Dogwifhat (WIF), which increased 16.34% to $0.9876 with $440 million in volume. Ethena (ENA), too, registered double-digit growth at 13.61%, selling for $0.3437.
Derivatives-focused asset Hyperliquid (HYPE) increased 12.82% to $37.05. SPX6900 (SPX) and Pendle (PENDLE), meanwhile, added over 10%, and meme token Pepe (PEPE) rose 10.17%, with a huge $1.05 billion in trade.
Meme and AI-related assets raced ahead alongside Layer 2 protocols and synthetic yield tokens like Pendle as capital rotates between narratives. This follows the SEC’s recent withdrawal of a lawsuit against Binance, which has sparked a new bullish momentum.
Market Rotation Sparks Breakout Potential
Gains distributed show traders about halfway there, starting to focus on mid-cap tokens with strong narratives in AI, synthetic finance, and decentralized trading. Memecoins continue to be a part of speculative flows as WIF and PEPE rise, FET and ARB catch fire, and investors seek out AI and scalability plays.
Top gainers of the day saw a sharp volume increase, an important signal of momentum continuation. Sector-wide, increased participation across high-volume assets and narrative-driven tokens could see the broader market continue its short-term upside should volumes continue.
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