This week in the wild west of crypto, irony and fundamentals are wrestling for dominance. A meme coin named USELESS is up 26.19%, while BAT, OKB, and DeFi protocols post double-digit gains as narratives begin to pivot. Here's your essential round-up of price action, Twitter buzz, and what's (still) worth believing in this speculative rollercoaster.
Meme coin rotation is accelerating as traders chase ironic returns. Meanwhile, Layer 2 narratives continue heating up with exchange-backed tokens like OKB. BAT gaining traction shows attention economy tokens are finding wings again. DeFi continues to chip away at trustless yield mechanisms, notably with BERA's upgrade.
The crypto market never fails to offer up high drama in unexpected places, and this week's headliner couldn’t be any more on the nose. A token named USELESS has stolen the show with a jaw-dropping 26.19% gain, reminding us that in the world of digital assets, irony is profitable. Social trading communities are buzzing with memes cheering its rise, fueled by a series of tongue-in-cheek TikToks and Twitter threads claiming USELESS is “the most honest name in finance.”
But make no mistake—while USELESS is grabbing headlines (and hearts of degen traders), other tokens are quietly marching upwards on much more solid fundamentals.
Brave’s Basic Attention Token (BAT) surged 17.22%, piggybacking off news that Brave Search has officially surpassed 1 billion queries. This milestone, shared by CEO Brendan Eich on X (formerly Twitter), lends credence to the idea that privacy-focused browsing is not just for niche users anymore. BAT’s rally reflects renewed investor confidence that online attention can, in fact, be tokenized with utility and success.
Next up, OKB, the exchange utility token for OKX, posted a tidy 15.06% gain. This comes in the wake of OKX launching its new layer-2 rollup solution built on Polygon CDK. The move positions OKX as a real contender in the race for exchange-led Layer 2s, joining Binance and Coinbase in adding gas to the scalability arms race. Traders took notice—and so did the token.
BERA and MNT clocked in respectable gains at 11.93% and 11.87% respectively. BERA, a mid-cap DeFi protocol, announced a new liquidity mining program baked into their smart contracts this week. Meanwhile, MNT rallied off the back of strong TVL (total value locked) inflows, according to DeFi Llama, especially from whale funds shifting from Solana following a brief network congestion episode.
Not all assets enjoyed the upside. Leading the laggards this week was FLR (Flare), down 3.04%. TRIBE, QUBIC, DOG, and XSOLVBTC also slipped between 2.01% and 3.01%. TRIBE’s dip follows its continued struggle to phase out its governance token amid waning DAO interest. DOG meme coin traders, meanwhile, appear to be flocking toward trendier tokens like PEPE and BODEN, according to sentiment graphs pulled from LunarCrush.
While on-chain data tells its story, the chatter on Twitter is equally illuminating. A growing sentiment shift towards “low-cap high-YOLO” coins is emerging, a familiar pattern often bordering on euphoric retail entry points. #AltcoinSeason and #Next100xToken were trending in crypto Twitter circles on Friday, punctuated with DIY charts and rocket emojis. Influencer trader Cobie tweeted: “If USELESS pumps, we’re officially in clown town.” Still, others pointed out that BAT’s rise signifies a rotation back to tokens with working products and real user metrics, not just meme steam.
Some cynics in the trading world are calling foul—suggesting this sudden surge in low-fundamentals tokens is nothing more than exit liquidity machined by sophisticated market makers. But negative funding rates on most of these tokens suggest the crowd isn’t overly leveraged long—yet. This means we could be in for more upside before a correction sets in.
Tokens tied to centralized exchanges are quietly building momentum. OKB’s recent performance mirrors trends seen in BNB earlier this year, with both benefitting from improvements in their platforms' Layer 2 infrastructure. Traders should keep eyeing these tokens for opportunities as exchanges turn into full-fledged ecosystems like their DeFi counterparts.
This week was a cocktail of speculation, semi-sanity, and humble fundamentals. As USELESS defies its own name and BAT proves attention really is currency, one thing remains clear: crypto never moves in a straight line—unless it's straight up, and ironically, in jest.
So whether you're laser-focused on web3 utility or just here for the vibe and volatility, pack your bags accordingly. This market rewards fast fingers, cool heads, and occasionally, a really dumb name.
The crypto market never fails to offer up high drama in unexpected places, and this week's headliner couldn’t be any more on the nose. A token named USELESS has stolen the show with a jaw-dropping 26.19% gain, reminding us that in the world of digital assets, irony is profitable. Social trading communities are buzzing with memes cheering its rise, fueled by a series of tongue-in-cheek TikToks and Twitter threads claiming USELESS is “the most honest name in finance.”
But make no mistake—while USELESS is grabbing headlines (and hearts of degen traders), other tokens are quietly marching upwards on much more solid fundamentals.
Brave’s Basic Attention Token (BAT) surged 17.22%, piggybacking off news that Brave Search has officially surpassed 1 billion queries. This milestone, shared by CEO Brendan Eich on X (formerly Twitter), lends credence to the idea that privacy-focused browsing is not just for niche users anymore. BAT’s rally reflects renewed investor confidence that online attention can, in fact, be tokenized with utility and success.
Next up, OKB, the exchange utility token for OKX, posted a tidy 15.06% gain. This comes in the wake of OKX launching its new layer-2 rollup solution built on Polygon CDK. The move positions OKX as a real contender in the race for exchange-led Layer 2s, joining Binance and Coinbase in adding gas to the scalability arms race. Traders took notice—and so did the token.
BERA and MNT clocked in respectable gains at 11.93% and 11.87% respectively. BERA, a mid-cap DeFi protocol, announced a new liquidity mining program baked into their smart contracts this week. Meanwhile, MNT rallied off the back of strong TVL (total value locked) inflows, according to DeFi Llama, especially from whale funds shifting from Solana following a brief network congestion episode.
Not all assets enjoyed the upside. Leading the laggards this week was FLR (Flare), down 3.04%. TRIBE, QUBIC, DOG, and XSOLVBTC also slipped between 2.01% and 3.01%. TRIBE’s dip follows its continued struggle to phase out its governance token amid waning DAO interest. DOG meme coin traders, meanwhile, appear to be flocking toward trendier tokens like PEPE and BODEN, according to sentiment graphs pulled from LunarCrush.
While on-chain data tells its story, the chatter on Twitter is equally illuminating. A growing sentiment shift towards “low-cap high-YOLO” coins is emerging, a familiar pattern often bordering on euphoric retail entry points. #AltcoinSeason and #Next100xToken were trending in crypto Twitter circles on Friday, punctuated with DIY charts and rocket emojis. Influencer trader Cobie tweeted: “If USELESS pumps, we’re officially in clown town.” Still, others pointed out that BAT’s rise signifies a rotation back to tokens with working products and real user metrics, not just meme steam.
Some cynics in the trading world are calling foul—suggesting this sudden surge in low-fundamentals tokens is nothing more than exit liquidity machined by sophisticated market makers. But negative funding rates on most of these tokens suggest the crowd isn’t overly leveraged long—yet. This means we could be in for more upside before a correction sets in.
Tokens tied to centralized exchanges are quietly building momentum. OKB’s recent performance mirrors trends seen in BNB earlier this year, with both benefitting from improvements in their platforms' Layer 2 infrastructure. Traders should keep eyeing these tokens for opportunities as exchanges turn into full-fledged ecosystems like their DeFi counterparts.
This week was a cocktail of speculation, semi-sanity, and humble fundamentals. As USELESS defies its own name and BAT proves attention really is currency, one thing remains clear: crypto never moves in a straight line—unless it's straight up, and ironically, in jest.
So whether you're laser-focused on web3 utility or just here for the vibe and volatility, pack your bags accordingly. This market rewards fast fingers, cool heads, and occasionally, a really dumb name.
Brave Search hits 1 billion queries, catalyzing a 17% spike in BAT—proves utility shouldn't be overlooked. OKX launches its own Layer 2 rollup on Polygon CDK, sending OKB flying. Meme coins like USELESS punch above their weight, showing the power of retail-driven, narrative-fueled rallies.
Use price surges in meme tokens as sentiment indicators, not investment signals. When USELESS is pumping, look for profit-taking opportunities in fundamentally sound assets to ride the reversion wave.
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