Crypto weekly movers

This week shows big movers in crypto with OKB and AERO rallying while SPX and PENGU retreat, marking a shift in momentum.

OKB and AERO lead a volatile crypto week as SPX and PENGU fall

The week produced sharp gains for OKB, Mantle and Aerodrome Finance as traders chased momentum and liquidity signals. OKB surged more than 160 percent from a 46.57 open, driven by a token burn that tightened supply and drew in buyers. The move pushed momentum indicators higher, though a pullback followed as the market cooled, with volume jumping 192 percent and intraday moves pushing the price toward and beyond the 130 level.
Mantle also advanced, clearing a key one-dollar barrier and signaling renewed demand for mid-cap tokens. Aerodrome Finance joined the rally, testing the dollar level and then continuing to climb in a sign of steady accumulation.
Bitcoin briefly traded above 123 000 ahead of rate-cut hopes but gave back gains on inflation jitters, settling near 117 000. Ripple rose toward earlier highs on ETF optimism, while mid-caps attracted most attention and memecoins lost some momentum as funds rotated to risk-on bets.
Among the losers, SPX6900 slid about 20 percent after failing to hold key supports, Pudgy Penguins fell around 17 percent, and Conflux declined about 14 percent as selling pressure and thinner order books dampened activity. Overall, the market showed a classic rotation: a surge in select mid-caps and exchange tokens followed by a retrace as traders awaited clearer signals from macro data and policy expectations.

The week highlights how quickly crypto sentiment can swing on a combination of technicals and macro cues. A token burn can ignite a squeeze that pushes an army of traders into a new high, but such moves often come with a fast pullback once momentum fades. The focus on mid-cap tokens like Mantle and Aerodrome Finance suggests investors are chasing recognizable narratives and scalable use cases, while supply walls around important levels become the real battleground for the next push higher.
Macro signals added to the volatility. Bitcoin’s move above 123 000 fed optimism about rate cuts, yet inflation jitters quickly cooled the rally and pulled prices back. ETF developments around XRP kept attention on a familiar name, stressing how market structure and liquidity depth, not just headlines, drive the next phase of the cycle. The week underscored the role of order-book depth in sustaining gains and the risk of sharp reversals when momentum crosses a resistance line.

Highlights

The week leaves readers with a reminder that crypto moves on momentum and liquidity as much as fundamentals.