Top coin rise and fall last week: PENGU, ENA, PUMP, XTZ

In the crypto world this week, volatility is testing investor confidence. A Satoshi-era whale unexpectedly moved 80,000 Bitcoin, yet the market remains calm, demonstrating resilience and depth of liquidity.

Meanwhile, BlackRock's Ethereum ETF has reached a historic milestone with 10 billion dollars in assets under management (AUM), affirming strong confidence from institutions in Ethereum.

On a broad scale, small and medium market cap tokens continue to dominate both the list of the biggest gainers and losers, reflecting the widespread risk appetite and the flow of capital rotation among segments.

Top coins surged this week

Conflux (CFX) — Blockchain public layer 1 rebounds back at the weekend

Conflux (CFX) is the highlight of the week, increasing by 30% compared to the opening level of 0.105 dollars. However, the price action of CFX raises more questions for investors than it reinforces confidence.

CFX started the week with a parabolic breakout of 122%, breaking through a 4-month range and reaching a new peak at $0.246, while the RSI indicator fell into the seriously overbought territory.

However, the wave of excitement did not last long. CFX corrected nearly 80% mid-week, dropping to the level of 0.15 dollars – a sign of a downturn rather than a sustainable accumulation phase. Therefore, the technical structure remains intact, but confidence in the upward trend has become fragile.

CFX Price Chart | Source: TradingViewIn a volatile market like this, you need strong buying power to "reverse the scenario" – a clear price support to attract funds from the bulls who are on the sidelines.

As of now, CFX has increased by 20% from the $0.15 range, indicating that we may be forming a price base or preparing to reach the $0.2 mark again.

Regardless of the scenario, buying pressure is beginning to return and Conflux is attracting the attention of investors. If this recovery trend holds, it is highly likely that CFX will soon conquer the next important technical milestones.

Pudgy Penguins (PENGU) — Memecoin shows a clear upward trend

Pudgy Penguins (PENGU) is quietly tracking Conflux with an increase of 28% from the starting point of $0.03. However, unlike the fierce surge of CFX, the rise of PENGU is very "controlled", indicating a clear intention to increase prices from the bulls.

PENGU started the week by challenging the resistance level of $0.03 – right at the top of the tight range from last week. The price could break out in either direction, but the bulls have pushed, driving the price up by 30%.

In the middle of the week, there was a correction of -12.28%, but there were no signs of further weakness. As buyers quickly returned, PENGU surged back and broke through the $0.04 mark, closing in a strong state.

The upward momentum is clearly holding steady. Currently, PENGU has the potential to test the local peak of 0.046 dollars, and if the bulls continue to apply pressure, the 0.05 dollar mark is almost within reach.

Price chart for PENGU | Source: TradingView### Ethena (ENA) — The stablecoin protocol continues to show strong upward trend

Ethena (ENA) is the third strongest rising coin of the week, with an increase of 24.15%. Currently, the price is approaching the supply zone of $0.6.

ENA opened the week just below the resistance zone of 0.5 dollars. After a quick shake of -11%, the bulls immediately returned. The strong rebound of nearly 30% in 3 days brought the price to a peak of 0.63 dollars, a level not seen since Q1. The price has slightly adjusted today by about -1.37% and may be a sign of short-term consolidation.

However, the demand is holding strong and the price structure still leans towards a bullish trend. If the 0.6 dollar level is clearly conquered, August may open up a new uptrend.

!()https://img-cdn.gateio.im/webp-social/moments-caede244e0b61b98c2951a6985673304.webp[coin]Price chart of ENA | Source: TradingView( Other notable coins increases

In addition to the big names, a series of "rocket" altcoins have attracted all the attention this week.

Memecoin )MEMECOIN### surged 4.445%, leading the wave of frenzied price increases. Zora (ZORA) followed with a 382% increase, while Uranus (URANUS) skyrocketed 330%, completing the ranking of the top names dominating last week amidst a market heavily colored by speculation.

Top coin losers of the week

( Pump.fun )PUMP### — Memecoin platform utility plummeted to a new low

Pump.fun (PUMP) closed the week in red, down 34.62% from the opening level of 0.0042 dollars, becoming the coin with the largest decline of the week.

And this is not a random drop. As pointed out, the cause is related to the dense token distribution from the ICO period. After its launch, Pump.fun committed to spending millions of dollars to execute buyback programs to support the price.

Specifically, since its release, the team has spent a total of 19.6 million dollars to buy back tokens. However, according to Cirrus, the value of those tokens is currently only around 7.6 million dollars — a clear sign that buying pressure is not keeping up with selling pressure.

!()https://img-cdn.gateio.im/webp-social/moments-642cfed2e2cc3838f9d13f30d7ba6052.webp[coin]PUMP Price Chart | Source: TradingViewThe market capitalization of PUMP increased by 8% and trading volume rose by 15%, indicating the potential for an early "bottom fishing" wave – likely coming from the development team, to create a FOMO effect while the supply is still cheap.

However, unless PUMP can maintain the 7% bounce from the weekly low at $0.0023, it is still too early to call this a clear reversal.

However, if PUMP can close two consecutive green candles on the weekly chart, it will be a positive structural change and worth closely monitoring as we enter the next week.

( Tezos )XTZ### — Governance protocol reversing the downtrend

Tezos (XTZ) is in second place on the list of sharp declines, losing 17.23% over the week — a deep adjustment right after the "huge" +66.57% bullish candle from the previous week.

This is a classic distribution model: the upward momentum is exhausted, the bears take control, and the price begins to cool off. The big question is: Is this just a short-term correction or the beginning of a deeper collapse?

As of now, the daily chart shows that this is a technical "reset" phase rather than a breakdown. XTZ dropped to $0.8 at the beginning of the week, but buying pressure quickly emerged, pushing the price back up to $0.89.

This bounce indicates that there is still demand at the bottom. If the bulls continue to defend this area, the possibility of XTZ breaking through to the 1 dollar range is entirely feasible.

!()https://img-cdn.gateio.im/webp-social/moments-00896e20adab17eacbb25adcb8814188.webp[coin]XTZ Price Chart | Source: TradingView( Sonic )S### — DeFi protocol failed to break resistance

Sonic (S) recorded a decrease of 15% compared to the opening level of $0.4, marking a clear correction after two weeks of strong consecutive increases. This is a typical retracement pattern after the upward momentum has been stretched too far.

Previously, S had recorded a 23% increase approaching the resistance zone, but this time, the $0.4 mark has become a "hard ceiling."

The bear faction quickly took action, pulling the price of S down by 16% in the first half of the week — a clear signal of profit-taking and a gradual weakening of the upward momentum.

Since then, the price has fluctuated around the $0.32 range, indicating that supply is gradually depleting and the possibility of forming a local bottom. If this price range is maintained, the possibility of a recovery back to $0.4 is entirely feasible.

!()https://img-cdn.gateio.im/webp-social/moments-c7c3088cc6e921cbb11da70617f84deb.webp[coin]Price chart S | Source: TradingView( Top coins with significant declines

Across the market, the decrease in volatility had a strong impact over the past week.

Nobody Sausage )NOBODY### leads the list of declines with a drop of 38%, followed by MindWaveDAO (NILA) down 36.7% and FUNToken (FUN) losing 36.6% as the momentum for price increases quickly weakens.

Conclusion

This week has been literally a roller coaster: strong pumps, deep dips, and price action almost non-stop.

As always — stay alert, do thorough research, and trade wisely.

Minh Anh