This week’s crypto market saw SUN token skyrocket by 187%, while TON suffered a 21% drop following the arrest of Telegram’s CEO, Pavel Durov. Discover the top gainers and losers in the volatile market.
Bollywood Fever: This week has been a whirlwind for the crypto economy, with several coins posting remarkable double-digit gains, while others suffered significant losses.
Leading the charge was the sun token (SUN), which surged an impressive 187%, making it the best performer of the week.
However, not all coins basked in the spotlight—Telegram founder and CEO Pavel Durov’s arrest sent the TON token plummeting by over 21%, making it the week’s biggest loser.
SUN Token Shines Bright Sun token (SUN) emerged as the crypto market’s brightest star this week, skyrocketing by 187%.
SUN is a multifunctional governance token integral to the Sun.io platform, which operates on the Tron blockchain.
This remarkable surge places SUN at the top of the week’s best-performing assets.
Close on SUN’s heels, arkblock (ABT) saw a robust 62.07% increase, securing the second spot among the top gainers.
Fetch ai token (FET) also posted a notable 61.52% gain against the U.S. dollar. Ocean protocol (OCEAN) rode a wave of success with a 60.73% increase, while echelon prime (PRIME) soared by 58.48%.
Other noteworthy gainers included AGIX, SUPER, RENDER, CHR, PEOPLE, and TRB, with gains ranging from 32.46% to 57.09%.
TON Takes a Hit Despite these impressive gains, the crypto market wasn’t without its downturns.
The arrest of Pavel Durov had a significant impact on the TON token, which plummeted by 21.39%, making it the biggest loser of the week.
TON’s decline reflects the broader market’s sensitivity to high-profile events and external factors.
Notcoin (NOT), another token tied to the TON blockchain, followed suit, dropping 18.46% and becoming the second-largest loser of the week.
Other coins that saw declines included Helium (HNT) with a 9.90% decrease, zcash (ZEC) with a 9.67% dip, and minor losses for Litecoin (LTC) and convex finance (CVX) at 4.15% and 3.56%, respectively.
Market Volatility Remains High This week’s crypto market painted a vivid contrast between the top performers and those negatively impacted by external events, like the arrest of Telegram’s CEO.
The sharp rise of certain coins juxtaposed with the steep decline of others underscores the volatility of the crypto market and the influence that external factors can have on individual assets.
As the market continues to fluctuate, these developments highlight the importance of staying informed about the latest news and understanding how such events can impact crypto investments.
Also Read other news articles, Exxon Mobil Projects Strong Oil Demand Through 2050, Exceeding BP’s Forecast
PayPal’s PYUSD Stablecoin Surpasses $1 Billion Market Cap, Achieves Milestone on Solana