In an unusually volatile week, crypto markets showcased contrasting fortunes: Bitcoin Cash managed an impressive bounce just as its cousin BSV crumbled. Meanwhile, speculative energy surged across meme and altcoin plays, with Twitter fueling narratives not seen since DeFi summer.
• BCH gains 4.3% while BSV drops 19.8%, highlighting fork divergence
• Increased Twitter buzz around 'forgotten' L1s like ALGO and TEL
• USELESS tops weekly gainers aided by social coordination and meme appeal
• DeFi narrative rotation shifting focus to scalable alt-L1s
• Meme coins resurging as attention shifts to micro caps
This week in the crypto circus, we find the performers reshuffling positions faster than you can say “layer two.” The standout this round? USELESS—yes, the coin that’s become infamous for memes and ironic naming conventions—posting a 7.3% gain. Think of it as Dogecoin’s misbehaving step cousin making a guest appearance at the rally. Meanwhile, Bitcoin Cash (BCH) decided it was done playing dead, clawing back with a 4.3% recovery amid broader ecosystem chatter.
BCH's bounce gave the market something to ogle, especially with cousin Bitcoin SV (BSV) falling off a cliff, bleeding 19.8%. Coincidence, or sibling rivalry manifesting on the charts? Meanwhile, whisperings from Crypto Twitter are pointing fingers in all directions—regulatory FUD, on-chain metrics, and even some good ol’ utility speculation.
We’ll start with the winners, because even in crypto, we like good news first. The meme-minted USELESS led gains with a 7.29% surge, thanks to what appears to be a highly coordinated campaign on Telegram groups and niche Twitter circles pushing volume into low-cap altcoins. This echoes last year’s 'degen summer' vibes, where microcaps did 5x overnight before vanishing back into the blockchain ether.
Trailing closely behind we have BCH, up 4.33%. While no major fundamental news came out from the project itself, the rise aligns with an uptick in chatter around the original Bitcoin forks as fodder for potential Layer 1 speculation. Speculators are increasingly hypothesizing that as Ethereum congestion persists, forgotten corners of the L1 world might catch a spotlight. Is it true? TBD. But right now, BCH and ALGO (up 3.67%) are riding that hopium train together.
PLUME and TEL rounded out the leaderboard with gains of 4.19% and 3.18%, respectively, fueled by growing interest in privacy narratives and micro-payment blockchains following a viral tweet thread speculating that “2025 will be the year of fees”—with cheaper transactors seeing the biggest upside.
Let’s talk about the pain, shall we? KTA led the collapses with a whopping -25.4% loss. Ouch. No official statements were posted from the project, but volume fell off a cliff on decentralized exchanges mid-week. Huge sell walls and zero liquidity—a classic rug scenario, or just exhausted tokenomics? Investigations on-chain show a clear dump from a known whale wallet. Crypto sleuths, do your thing.
Bitcoin SV (BSV) slid a heavy 19.8%, and this one’s got everyone talking. Speculation points to growing frustrations around centralization concerns after the recent mining pool drama, where over 40% of blocks were found to be mined by a single unidentified entity. Even longtime BSV influencers are starting to distance themselves from the project—if Twitter opex data is to be believed.
Others rounding out the loser bracket include GRASS (-11.6%), SPX (-10.2%), and TKX (-9.8%). GRASS slid after debunked AI partnership rumors, while SPX and TKX suffered due to general sell-off pressure from thin order books and aggressive bot sell strategies.
Crypto Twitter this week can best be described as Reddit-meets-Bloomberg during a caffeine overdose. The hot topic? Fork fatigue. With BSV crumbling and BCH clawing back, debates raged over whether Bitcoin offshoots have a real future or are just living off borrowed relevance. Influencer @ChainGrowth called BSV “a dead chain walking,” which was retweeted over 6,500 times—right before the coin plummeted another 6%.
Meanwhile, DeFi protocols on alternative L1s are seeing renewed conversation. ALGO and TEL keep getting name-dropped in influencer threads covering upcoming liquidity incentives in Q3. If even part of this Twitter excitement leaks into actual protocol TVL, we could see a mini alt-season centered around under-loved interoperability tokens.
For those staring at heatmaps with coffee-stained hopes, here's the alpha: correlated movement between BCH and ALGO shows a rising coefficient of +0.72 on daily momentum indicators—it could suggest capital rotation toward ‘old but gold’ L1 tokens, perhaps driven by value investing strategies backed by recent staking add-ons and lower fee environments transitioning out of Ethereum ecosystem fatigue.
Conversely, the correlation between BSV and TKX has inched to -0.65, which interestingly might suggest a risk-off move from centralized governance coins. The market seems to be shouting: "In decentralization we trust," at least temporarily.
Keep an eye on: Potential continuation plays in ALGO and TEL. Social volume for both has increased 23% week-over-week, while the ratios of buy/sell orders show whales quietly accumulating around psychological levels. If meme coins like USELESS continue to get pumped, the next logical play may be derivatives platforms—as degens look to extend gains into leveraged altcoin longs.
Also, with GRASS and SPX catching speculative attention from bargain hunters, don’t write off a relief bounce. Just don’t bet the house either—we saw what happened to KTA believers.
This week in the crypto circus, we find the performers reshuffling positions faster than you can say “layer two.” The standout this round? USELESS—yes, the coin that’s become infamous for memes and ironic naming conventions—posting a 7.3% gain. Think of it as Dogecoin’s misbehaving step cousin making a guest appearance at the rally. Meanwhile, Bitcoin Cash (BCH) decided it was done playing dead, clawing back with a 4.3% recovery amid broader ecosystem chatter.
BCH's bounce gave the market something to ogle, especially with cousin Bitcoin SV (BSV) falling off a cliff, bleeding 19.8%. Coincidence, or sibling rivalry manifesting on the charts? Meanwhile, whisperings from Crypto Twitter are pointing fingers in all directions—regulatory FUD, on-chain metrics, and even some good ol’ utility speculation.
We’ll start with the winners, because even in crypto, we like good news first. The meme-minted USELESS led gains with a 7.29% surge, thanks to what appears to be a highly coordinated campaign on Telegram groups and niche Twitter circles pushing volume into low-cap altcoins. This echoes last year’s 'degen summer' vibes, where microcaps did 5x overnight before vanishing back into the blockchain ether.
Trailing closely behind we have BCH, up 4.33%. While no major fundamental news came out from the project itself, the rise aligns with an uptick in chatter around the original Bitcoin forks as fodder for potential Layer 1 speculation. Speculators are increasingly hypothesizing that as Ethereum congestion persists, forgotten corners of the L1 world might catch a spotlight. Is it true? TBD. But right now, BCH and ALGO (up 3.67%) are riding that hopium train together.
PLUME and TEL rounded out the leaderboard with gains of 4.19% and 3.18%, respectively, fueled by growing interest in privacy narratives and micro-payment blockchains following a viral tweet thread speculating that “2025 will be the year of fees”—with cheaper transactors seeing the biggest upside.
Let’s talk about the pain, shall we? KTA led the collapses with a whopping -25.4% loss. Ouch. No official statements were posted from the project, but volume fell off a cliff on decentralized exchanges mid-week. Huge sell walls and zero liquidity—a classic rug scenario, or just exhausted tokenomics? Investigations on-chain show a clear dump from a known whale wallet. Crypto sleuths, do your thing.
Bitcoin SV (BSV) slid a heavy 19.8%, and this one’s got everyone talking. Speculation points to growing frustrations around centralization concerns after the recent mining pool drama, where over 40% of blocks were found to be mined by a single unidentified entity. Even longtime BSV influencers are starting to distance themselves from the project—if Twitter opex data is to be believed.
Others rounding out the loser bracket include GRASS (-11.6%), SPX (-10.2%), and TKX (-9.8%). GRASS slid after debunked AI partnership rumors, while SPX and TKX suffered due to general sell-off pressure from thin order books and aggressive bot sell strategies.
Crypto Twitter this week can best be described as Reddit-meets-Bloomberg during a caffeine overdose. The hot topic? Fork fatigue. With BSV crumbling and BCH clawing back, debates raged over whether Bitcoin offshoots have a real future or are just living off borrowed relevance. Influencer @ChainGrowth called BSV “a dead chain walking,” which was retweeted over 6,500 times—right before the coin plummeted another 6%.
Meanwhile, DeFi protocols on alternative L1s are seeing renewed conversation. ALGO and TEL keep getting name-dropped in influencer threads covering upcoming liquidity incentives in Q3. If even part of this Twitter excitement leaks into actual protocol TVL, we could see a mini alt-season centered around under-loved interoperability tokens.
For those staring at heatmaps with coffee-stained hopes, here's the alpha: correlated movement between BCH and ALGO shows a rising coefficient of +0.72 on daily momentum indicators—it could suggest capital rotation toward ‘old but gold’ L1 tokens, perhaps driven by value investing strategies backed by recent staking add-ons and lower fee environments transitioning out of Ethereum ecosystem fatigue.
Conversely, the correlation between BSV and TKX has inched to -0.65, which interestingly might suggest a risk-off move from centralized governance coins. The market seems to be shouting: "In decentralization we trust," at least temporarily.
Keep an eye on: Potential continuation plays in ALGO and TEL. Social volume for both has increased 23% week-over-week, while the ratios of buy/sell orders show whales quietly accumulating around psychological levels. If meme coins like USELESS continue to get pumped, the next logical play may be derivatives platforms—as degens look to extend gains into leveraged altcoin longs.
Also, with GRASS and SPX catching speculative attention from bargain hunters, don’t write off a relief bounce. Just don’t bet the house either—we saw what happened to KTA believers.
BSV's massive 19.8% drop has reignited conversations around mining centralization and long-term viability. Meanwhile, USELESS proves once again that meme power can override fundamentals—at least for a few wild days.
Watch correlations and social sentiment — BCH and ALGO are moving in tandem, suggesting value flows into overlooked L1s. Also, avoid early FOMO into meme pumps unless you’re tracking whale wallets and volume changes in real time.
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