Daily Degen
August 14, 2025

Bitcoin Hits ATH Amid Memecoin Mania and Market Misfires

Bitcoin just ripped through $23,000 like a bull on caffeine, reclaiming the crypto crown and sending Twitter into full-on hallelujah mode. Meanwhile, memecoins are split between dead weight and moon missions, and DeFi is cautiously creeping back into the conversation. Let’s unpack what just happened in the crypto markets this week—or maybe what’s already happening next.

BTC hit a new all-time high above $23K. Altcoins like SKL (+63%) and memecoins like USELESS saw wild swings. DeFi tokens Pendle and Aero spiked over 20%. Traders are rotating capital fast across narratives as attention becomes the new alpha.

Movers and Shakers

Today's Top Gainers:
Top 7-Day Gainers:
SKL (62.97%), USELESS (12.36%), BERA (8.256%), M (7.428%), KCS (3.725%)
Today's Top Losers:
Top 7-Day Losers:
PROVE (-12.6%), SUPER (-12.2%), SPX (-11.4%), POPCAT (-11.3%), PENGU (-10.9%)

Bitcoin Claims the Throne (Again)

Let’s start at the summit. Bitcoin has officially broken through its previous all-time high and now trades above $23,000, triggering jubilation across Crypto Twitter and a flurry of tweetstorm flexing. This new ATH marks a milestone not just for BTC maxis, but for the entire digital asset space—reigniting institutional FOMO and retail curiosity alike. Unlike past cycles driven by hype alone, this move came on the back of tight market structure, strong accumulation, and breakout signals spotted weeks ago in options flow.

What’s different this time? BTC’s surge isn’t pulling the entire market up indiscriminately. Instead, capital rotation is happening in real-time—as evidenced by disparate performances across DeFi, meme coins, and CEX tokens.

Top Gainers Paint a Diversified Picture

The leaderboard this week was, frankly, wild:

  • SKL (+62.97%) — The Layer 2 hero made an unexpected moonshot, driven by speculation that it’s about to be integrated with a soon-to-be-announced Ethereum rollup platform.
  • USELESS (+12.36%) — Irony never sleeps. Despite being seen as dead weight weeks ago, a coordinated short squeeze and viral meme campaign resurrected this zombie coin.
  • BERA (+8.26%) — This low-cap chain saw increased developer activity and hints at a bridge partnership with a major Solana-based dApp, lighting a speculative fire.
  • M (+7.43%) — Riding on merge rumors with an AI-focused project, the M token got love from both AI degens and chart-chasing momentum traders.
  • KCS (+3.72%) — The KuCoin token doing what CEX tokens do in bull pivots—holding steady and nudging upward as traders pile back into platform-native ecosystems.

    But the Market Isn’t All Rainbows

    While some coins soared, others belly-flopped hard:

  • PROVE (-12.6%) — After peaking on bullish sentiment, traders dumped positions amid low volume and allegations of low liquidity exit scams.
  • SUPER (-12.2%) — Once tagged as a future metaverse blue chip, SUPER failed to hold user interest and lost momentum as traders bailed for more active narratives.
  • SPX (-11.4%), POPCAT (-11.3%), and PENGU (-10.9%) — Memecoin fatigue is real. All three tokens were recent darlings, but the meme cycle blitz that once catapulted them upward now seems to be reversing as liquidity rotates into new shiny objects.

    Memecoin Whiplash and a Tale of Two Tweets

    Meme coins continue playing their own eccentric game. PUMP’s 20% collapse sent shockwaves across X last month, with influencers openly bailing amid grumblings of wash trading and internal drama. But the downturn was temporary for some—USELESS’s strange reappearance on today’s gainers list signals that the memecoin graveyard might have trapdoor floors.

    Meanwhile, new memes like MOG are popping with uninhibited force—one Twitter post referenced a token gaining nearly 200% in 24 hours. This manic memetic volatility underscores one central idea: while speculative capital still considers memecoins exciting, it’s increasingly allergic to stale narratives.

    Altseason Buzz and DeFi's Sneaky Comeback

    DeFi may be staging a comeback, if barely perceptible at first glance. Aero and Pendle surged over 20% earlier this week, catching attention for their strong tokenomics and clever unlock mechanisms. The spike stirred “altseason” prognosticators once again—a term that resurfaces like Mr. Hyde every time the majors pump and small caps follow with vigor.

    This time, there’s more meat on the bone. On-chain data shows consistent wallet activity across decentralized exchanges and new staking contracts. Pendle, for example, drew spark after announcing variable yield farming accessible with just one click—an upgrade praised for its blend of usability and complexity. It’s DeFi, but more sleekly packaged and marketed.

    Retail Rotation: Attention is the Alpha

    The market is now functioning like a large-scale Twitch stream: attention is the alpha. MOG and USELESS performed well not because of tedious whitepapers or deep fundamentals, but due to an alignment of viral moments, Twitter spaces, and influencer traction. It’s no longer about utility versus speculation—it’s about narrative liquidity.

    What we’re now seeing is rotation not just in asset classes but in trader personas as well. The market has matured into micro-cycles, where narratives form and dissolve within a week, and where Telegram leaks and emoji-ridden bios front-run real money flows.

    The Tools Make a Difference

    Let’s not forget about the tech that’s quietly winning in the shadows: Quad Terminal’s latest upgrade included support for Kraken Futures, live streaming ticker bars, and smart dashboards that rival institutional UX. The quiet MVPs of this rally might just be the platforms helping traders trade smarter—not harder—in a sea of volatility.

    One anecdote stands out: users of the Quad Accumulator bot reportedly front-ran the last BTC rally by two days, based on automated volume anomalies. That’s no small feat in a market where milliseconds count and whispers move mountains.

    A Galaxy of Chaos, But It’s Predictable Chaos

    While Bitcoin dominance hovers upward and everyone’s calling for ETH’s revenge rally, the market is playing out a strangely predictable dance. Bitcoin hits ATH → attention flows into altcoins → DeFi and memes pump → influencers milk the pump → influencers get roasted → traders rotate to next thing → repeat.

    This cycle isn’t random—it’s rhythm with volatility as its melody. Traders who pay attention, adapt quickly, and use the right tools are doing more than surviving—they’re thriving.

    Conclusion: Embrace the Whiplash

    The moral of this chaotic crypto fable? Embrace the whiplash. Bitcoin smashing through $23K is a win for hodlers, memecoin insanity is still profitable (with seat belts on), and DeFi may just be getting its swagger back.

    We're watching capital flow not just in charts but in clout, and in a market powered by speed and sentiment, you’ll want to stay sharp, stay plugged in, and maybe—just maybe—listen to what the memes are whispering.

  • Bitcoin Claims the Throne (Again)

    Let’s start at the summit. Bitcoin has officially broken through its previous all-time high and now trades above $23,000, triggering jubilation across Crypto Twitter and a flurry of tweetstorm flexing. This new ATH marks a milestone not just for BTC maxis, but for the entire digital asset space—reigniting institutional FOMO and retail curiosity alike. Unlike past cycles driven by hype alone, this move came on the back of tight market structure, strong accumulation, and breakout signals spotted weeks ago in options flow.

    What’s different this time? BTC’s surge isn’t pulling the entire market up indiscriminately. Instead, capital rotation is happening in real-time—as evidenced by disparate performances across DeFi, meme coins, and CEX tokens.

    Top Gainers Paint a Diversified Picture

    The leaderboard this week was, frankly, wild:

  • SKL (+62.97%) — The Layer 2 hero made an unexpected moonshot, driven by speculation that it’s about to be integrated with a soon-to-be-announced Ethereum rollup platform.
  • USELESS (+12.36%) — Irony never sleeps. Despite being seen as dead weight weeks ago, a coordinated short squeeze and viral meme campaign resurrected this zombie coin.
  • BERA (+8.26%) — This low-cap chain saw increased developer activity and hints at a bridge partnership with a major Solana-based dApp, lighting a speculative fire.
  • M (+7.43%) — Riding on merge rumors with an AI-focused project, the M token got love from both AI degens and chart-chasing momentum traders.
  • KCS (+3.72%) — The KuCoin token doing what CEX tokens do in bull pivots—holding steady and nudging upward as traders pile back into platform-native ecosystems.

    But the Market Isn’t All Rainbows

    While some coins soared, others belly-flopped hard:

  • PROVE (-12.6%) — After peaking on bullish sentiment, traders dumped positions amid low volume and allegations of low liquidity exit scams.
  • SUPER (-12.2%) — Once tagged as a future metaverse blue chip, SUPER failed to hold user interest and lost momentum as traders bailed for more active narratives.
  • SPX (-11.4%), POPCAT (-11.3%), and PENGU (-10.9%) — Memecoin fatigue is real. All three tokens were recent darlings, but the meme cycle blitz that once catapulted them upward now seems to be reversing as liquidity rotates into new shiny objects.

    Memecoin Whiplash and a Tale of Two Tweets

    Meme coins continue playing their own eccentric game. PUMP’s 20% collapse sent shockwaves across X last month, with influencers openly bailing amid grumblings of wash trading and internal drama. But the downturn was temporary for some—USELESS’s strange reappearance on today’s gainers list signals that the memecoin graveyard might have trapdoor floors.

    Meanwhile, new memes like MOG are popping with uninhibited force—one Twitter post referenced a token gaining nearly 200% in 24 hours. This manic memetic volatility underscores one central idea: while speculative capital still considers memecoins exciting, it’s increasingly allergic to stale narratives.

    Altseason Buzz and DeFi's Sneaky Comeback

    DeFi may be staging a comeback, if barely perceptible at first glance. Aero and Pendle surged over 20% earlier this week, catching attention for their strong tokenomics and clever unlock mechanisms. The spike stirred “altseason” prognosticators once again—a term that resurfaces like Mr. Hyde every time the majors pump and small caps follow with vigor.

    This time, there’s more meat on the bone. On-chain data shows consistent wallet activity across decentralized exchanges and new staking contracts. Pendle, for example, drew spark after announcing variable yield farming accessible with just one click—an upgrade praised for its blend of usability and complexity. It’s DeFi, but more sleekly packaged and marketed.

    Retail Rotation: Attention is the Alpha

    The market is now functioning like a large-scale Twitch stream: attention is the alpha. MOG and USELESS performed well not because of tedious whitepapers or deep fundamentals, but due to an alignment of viral moments, Twitter spaces, and influencer traction. It’s no longer about utility versus speculation—it’s about narrative liquidity.

    What we’re now seeing is rotation not just in asset classes but in trader personas as well. The market has matured into micro-cycles, where narratives form and dissolve within a week, and where Telegram leaks and emoji-ridden bios front-run real money flows.

    The Tools Make a Difference

    Let’s not forget about the tech that’s quietly winning in the shadows: Quad Terminal’s latest upgrade included support for Kraken Futures, live streaming ticker bars, and smart dashboards that rival institutional UX. The quiet MVPs of this rally might just be the platforms helping traders trade smarter—not harder—in a sea of volatility.

    One anecdote stands out: users of the Quad Accumulator bot reportedly front-ran the last BTC rally by two days, based on automated volume anomalies. That’s no small feat in a market where milliseconds count and whispers move mountains.

    A Galaxy of Chaos, But It’s Predictable Chaos

    While Bitcoin dominance hovers upward and everyone’s calling for ETH’s revenge rally, the market is playing out a strangely predictable dance. Bitcoin hits ATH → attention flows into altcoins → DeFi and memes pump → influencers milk the pump → influencers get roasted → traders rotate to next thing → repeat.

    This cycle isn’t random—it’s rhythm with volatility as its melody. Traders who pay attention, adapt quickly, and use the right tools are doing more than surviving—they’re thriving.

    Conclusion: Embrace the Whiplash

    The moral of this chaotic crypto fable? Embrace the whiplash. Bitcoin smashing through $23K is a win for hodlers, memecoin insanity is still profitable (with seat belts on), and DeFi may just be getting its swagger back.

    We're watching capital flow not just in charts but in clout, and in a market powered by speed and sentiment, you’ll want to stay sharp, stay plugged in, and maybe—just maybe—listen to what the memes are whispering.

  • Newsworthy

    The big headline: Bitcoin setting a new all-time high of $23,000, sparking altseason chatter, DeFi revivals, and fresh memecoin mania.

    Pro-Tip:

    Pay close attention to narrative shifts—if Twitter’s buzzing about a project and volume confirms, front-running rotations can be your edge. Don’t just follow influencers—follow data.

    Be sure to join us on Telegram, Discord and Twitter!

    Quad Terminal simplifies crypto portfolio management by unifying digital asset exchanges into a seamless, all-in-one platform. Traders and investors of all skill levels can access automated bot strategies and a comprehensive 360° portfolio view. Create your free account here!


    Disclaimer: The content of this article is for general market education and commentary and is not intended to serve as financial, investment, or any other type of advice.

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