Today’s financial landscape showcased a blend of optimism and speculative energy as global equity markets rallied on strong U.S. jobs data, while cryptocurrency traders piled into high-momentum assets. Meme coins and major cryptocurrencies captured significant attention, with tokens like MOODENG and BONK posting double-digit gains. Broader market strength, combined with crypto-specific catalysts such as exchange listings and ETF rumors, fueled a risk-on sentiment across both traditional and digital asset markets.
Top Performers and Market Movers
Moo Deng (MOODENG)
24-Hour Change: +29.22%
Current Price: $0.1854
MOODENG surged nearly 32% following its high-profile listing on Upbit, one of South Korea’s largest exchanges. Trading pairs include KRW, BTC, and USDT, contributing to a 1,113% increase in trading volume, which reached $560 million. The listing served as the primary catalyst, though the Solana meme coin sector’s 9.3% collective rise also provided tailwinds.
Technical indicators reinforced bullish momentum: the token broke through key Fibonacci resistance levels, its MACD turned positive, and the RSI held at 63, suggesting room for further upside. Endorsement from influential figures within the crypto community amplified retail interest.
Market Cap: $183.61M
24-Hour Volume: $563.9M
Circulating Supply: 989.97M MOODENG
Bonk (BONK)
24-Hour Change: +15.37%
Current Price: $0.00001661
BONK climbed 16% amid speculation around Tuttle Capital’s proposed 2x leveraged ETF, which could launch as early as July 16. The token outperformed rivals DOGE and SHIB, bolstered by Solana’s broader ecosystem strength.
Technically, BONK broke above the $0.0000144 resistance level with an RSI of 63.33 and positive MACD. A volume-to-market-cap ratio of 48% indicated strong trader engagement and short-term momentum.
Market Cap: $1.33B
24-Hour Volume: $647.6M
Circulating Supply: 80.32T BONK
Sui (SUI)
24-Hour Change: +7.75%
Current Price: $3.02
SUI broke out of a six-week downtrend after Grayscale announced its inclusion in a new ETF product. The token surpassed the psychological $3 barrier as trading volume spiked 165%, reflecting renewed buyer confidence.
An RSI of 68.6 pointed to strong upward momentum, while open interest jumped 19% in derivatives markets. The network also recorded $27.3 billion in transaction volume in June, underscoring robust on-chain activity.
Market Cap: $10.45B
24-Hour Volume: $1.55B
Circulating Supply: 3.45B SUI
Hyperliquid (HYPE)
24-Hour Change: +4.37%
Current Price: $40.37
HYPE tested resistance between $41–42 following a notable whale accumulation worth $8.77 million. The platform continues to dominate decentralized perpetual trading, accounting for 75% of total volume over the past 30 days.
Technical readings turned cautiously optimistic with an RSI of 56.85 and MACD nearing a bullish crossover. Recent upgrades, including HIP-3 and CoreWriter, are expected to enhance the protocol’s functionality.
Market Cap: $13.48B
24-Hour Volume: $317.59M
Circulating Supply: 333.92M HYPE
Wormhole (W)
24-Hour Change: -0.72%
Current Price: $0.07163
Despite a recent Coinbase listing, Wormhole declined slightly as bearish sentiment prevailed. The token broke down from a rising wedge pattern, with whale-controlled supply exceeding 88%, raising sell-side risks.
Data shows 92% of addresses are currently at a loss, and influencer selling has further dampened mood. With MACD turning negative, the token may retest support near $0.066.
Market Cap: $333.29M
24-Hour Volume: $82.57M
Circulating Supply: 4.65B W
Global Market Snapshot
Equity markets rallied strongly following a better-than-expected U.S. jobs report. The S&P 500 and Nasdaq reached all-time highs as nonfarm payrolls increased by 147,000 in June, exceeding forecasts. Unemployment fell to 4.1%, reducing expectations of near-term Federal Reserve rate cuts.
Treasury yields climbed sharply, and futures markets priced in a 93% probability of no July rate change. Geopolitical developments also drew attention as the U.S. imposed new tariffs on Vietnamese imports and announced stricter trade enforcement.
European markets opened higher, and the dollar strengthened against the euro and pound. However, emerging markets faced uncertainty amid ongoing trade negotiations. Despite geopolitical tensions, investor sentiment remained broadly risk-on.
Concluding Thoughts
Market participants exhibited strong appetite for risk across both crypto and traditional finance. Robust economic data alleviated short-term recession fears, even as it reduced the likelihood of monetary easing. In crypto, momentum-driven buying dominated, particularly in Solana-based meme coins and layer-1 tokens.
Tokens like MOODENG and BONK captured retail interest, while SUI and HYPE attracted sophisticated traders eyeing ETF developments and whale activity. Wormhole’s underperformance served as a reminder that not all listings guarantee gains. In today’s market, narrative, liquidity, and volume continue to dictate price action.
Frequently Asked Questions
What caused MOODENG’s sharp price increase?
MOODENG’s surge was primarily driven by its listing on Upbit, which expanded its accessibility to a large Korean user base. Technical breakout and positive community sentiment also contributed to the rally.
How does a leveraged ETF affect BONK’s price?
A leveraged ETF would allow institutional and retail investors to gain amplified exposure to BONK without holding the asset directly. This can increase buying pressure and improve liquidity.
Why did SUI rise despite a bearish market trend?
SUI’s inclusion in a Grayscale ETF product generated institutional interest. Combined with strong on-chain metrics and a breakout from a long-term resistance level, it attracted renewed buying.
What is influencing Hyperliquid’s whale activity?
Whales are likely accumulating HYPE due to its dominant position in the perpetual futures market and recent protocol upgrades that improve its utility and scalability.
Why did Wormhole fail to rally after its Coinbase listing?
High concentration of whale holdings and a majority of addresses being in loss positions led to selling pressure. Negative momentum and influencer exits further compounded the decline.
How do U.S. employment figures impact crypto markets?
Strong employment data can reduce expectations for interest rate cuts, strengthening the dollar. This often pressures risk assets like crypto, but today’s market showed resilience due to sector-specific catalysts.
For those looking to track real-time market data or explore advanced trading tools, staying informed with live metrics and analytical resources is essential for navigating volatile conditions.