Crypto markets are putting on a mixed performance this week with memecoins stealing the spotlight and some infrastructure plays quietly gaining traction. Social media buzz is fueling FOMO while liquidations take their toll elsewhere.
Memecoins lead short-term returns despite uncertain fundamentals. Exchange tokens show resilience amid platform rumors. Infrastructure plays like FORM get a buzz boost from emerging DePIN narratives.
Pack your moon boots—‘M’ just launched into orbit with a 24.26% gain in the past 24 hours, stealing the show across the crypto top movers board. It's unclear exactly what 'M' stands for, but social channels suggest it’s riding high on a fresh meme narrative that caught fire among Telegram traders and some well-timed influencer shilling on Twitter.
Whether it’s Musk-adjacent or simply a catalystless pump, ‘M’ has become a symbol of what retail sentiment can do when liquidity is low and sentiment is high. The move overshadowed otherwise impressive uptrends from FORM (+4.087%), privacy coin ZANO (+3.337%), and perennial exchange tokens BGB (+2.647%) and KCS (+1.885%).
The rise in these tokens could be pointing to a subtle return of risk appetite in lower cap alt markets, or possibly a rotation strategy among smaller whales trying to front-run the next mid-cap breakout.
While some names soared, others sank faster than you can say 'rug pull.' WLFI led the losers with a staggering -18% drop, and it wasn't pretty for KTA (-14.4%), PYTH (-11.9%), AGENTFUN (-11.8%), and BIO (-11.7%) either.
WLFI’s steep dive may be attributed to liquidation cascades following a whale exit, as noted in several Telegram threads. Meanwhile, PYTH’s drop—the latest in a volatile month—comes in spite of recent integrations, hinting at possible exhaustion from previous rally legs or just plain-old sell-the-news behavior.
On-chain data shows increasing outflows from PYTH’s major holders toward centralized exchanges—a classic pre-dump alarm bell for those paying attention.
Crypto Twitter has been lit up with speculation involving a potential Coinbase listing rumor (directly impacting mid-cap altcoins), but no official statements emerged. That didn’t stop the hopium traders from diving into anything with a vaguely similar ticker, especially during the meme-charged rally.
Meanwhile, #DePIN broke into trending topics, with several posts highlighting infrastructure-related tokens and edge computing NFTs. This might explain some interest in FORM—a project gaining attention for its pseudo-DePIN narrative.
Market mood appears to be oscillating between euphoria and confusion, a hallmark of transitional phases. But seasoned market makers know: chaos breeds opportunity.
We’re seeing narrowing spreads on M and increased slippage on sells for FORM—classic signs of tight liquidity but high speculative interest. ZANO and BGB both show elevated order book depth, suggesting more organic accumulation rather than sudden pumps.
KCS, KuCoin’s exchange token, is getting a second wind as rumors of scaling its Earn products resurface. This could bring back serious volume if confirmed, so volume spikes here are worth watching closely.
The relative strength in exchange tokens may be a prescient signal that market participants are returning to platform-based tokens for safety, especially as narratives begin to shift back to yield and staking products post-Ethereum ETF noise.
If memecoins continue to dominate optics, we could also see another wave of capital rotation from majors into microcaps hunting the next ‘M’-like moon-run. Whether this fosters enduring value is another matter entirely—but there's fun (and money) in the short term chaos.
Look for pairs with thin liquidity but fast social engagement. Low cap + high mentions = alpha potential—at least before the music stops and exit liquidity dries up.
Pack your moon boots—‘M’ just launched into orbit with a 24.26% gain in the past 24 hours, stealing the show across the crypto top movers board. It's unclear exactly what 'M' stands for, but social channels suggest it’s riding high on a fresh meme narrative that caught fire among Telegram traders and some well-timed influencer shilling on Twitter.
Whether it’s Musk-adjacent or simply a catalystless pump, ‘M’ has become a symbol of what retail sentiment can do when liquidity is low and sentiment is high. The move overshadowed otherwise impressive uptrends from FORM (+4.087%), privacy coin ZANO (+3.337%), and perennial exchange tokens BGB (+2.647%) and KCS (+1.885%).
The rise in these tokens could be pointing to a subtle return of risk appetite in lower cap alt markets, or possibly a rotation strategy among smaller whales trying to front-run the next mid-cap breakout.
While some names soared, others sank faster than you can say 'rug pull.' WLFI led the losers with a staggering -18% drop, and it wasn't pretty for KTA (-14.4%), PYTH (-11.9%), AGENTFUN (-11.8%), and BIO (-11.7%) either.
WLFI’s steep dive may be attributed to liquidation cascades following a whale exit, as noted in several Telegram threads. Meanwhile, PYTH’s drop—the latest in a volatile month—comes in spite of recent integrations, hinting at possible exhaustion from previous rally legs or just plain-old sell-the-news behavior.
On-chain data shows increasing outflows from PYTH’s major holders toward centralized exchanges—a classic pre-dump alarm bell for those paying attention.
Crypto Twitter has been lit up with speculation involving a potential Coinbase listing rumor (directly impacting mid-cap altcoins), but no official statements emerged. That didn’t stop the hopium traders from diving into anything with a vaguely similar ticker, especially during the meme-charged rally.
Meanwhile, #DePIN broke into trending topics, with several posts highlighting infrastructure-related tokens and edge computing NFTs. This might explain some interest in FORM—a project gaining attention for its pseudo-DePIN narrative.
Market mood appears to be oscillating between euphoria and confusion, a hallmark of transitional phases. But seasoned market makers know: chaos breeds opportunity.
We’re seeing narrowing spreads on M and increased slippage on sells for FORM—classic signs of tight liquidity but high speculative interest. ZANO and BGB both show elevated order book depth, suggesting more organic accumulation rather than sudden pumps.
KCS, KuCoin’s exchange token, is getting a second wind as rumors of scaling its Earn products resurface. This could bring back serious volume if confirmed, so volume spikes here are worth watching closely.
The relative strength in exchange tokens may be a prescient signal that market participants are returning to platform-based tokens for safety, especially as narratives begin to shift back to yield and staking products post-Ethereum ETF noise.
If memecoins continue to dominate optics, we could also see another wave of capital rotation from majors into microcaps hunting the next ‘M’-like moon-run. Whether this fosters enduring value is another matter entirely—but there's fun (and money) in the short term chaos.
Look for pairs with thin liquidity but fast social engagement. Low cap + high mentions = alpha potential—at least before the music stops and exit liquidity dries up.
‘M’ posts a 24.26% rally amidst meme-fueled mania. WLFI suffers an 18% nosedive right after whale exits. Social media aflame with potential CEX listing rumors and #DePIN traction.
Use on-chain flows and social mention spikes together to identify early trend reversals. Thin liquidity pairs with rising chatter are ripe for short-term arbitrage.
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