Rarely do we see this kind of synchronized euphoria. Crypto markets lit up today, led by surprise surges in PNUT, PYTH, and EigenLayer’s EIGEN token. While some tokens like SAFE stumbled, the overall wave was sharply bullish — and wildly narrative-driven. From Twitter chatter to DeFi rotation, we uncover what’s moving money now.
• Restaking protocols and Ethereum infrastructure assets experienced sharp inflows
• Smart money rotating into newer narratives: oracle upgrades, yield layers, low float tokens
• Tokens associated with governance or multisig saw light selloffs
This week in crypto markets felt like being handed a seat on a rocket headed to orbit — especially if you were lounging in one of the tokens that took off. The clear standout was PNUT, which surged a phenomenal 58.72% in just 24 hours. Not far behind, Oracle protocol PYTH flexed its muscles with a 35.97% uptick, and smart contract platform Casper Network (CSPR) sparkled at 23.71%.
The optics of such aggressive upward movement suggest something more structural underway — possibly rotation into fresh narratives and tokens perceived as underappreciated. Let's not forget EigenLayer's EIGEN token, up 20.07%, riding immense tailwinds as Ethereum restaking continues to grab mental real estate across Crypto Twitter.
EigenLayer isn't just a buzzword anymore; it’s becoming infrastructure. EIGEN’s 20.07% gain and STRK’s respectable 19.48% climb underline growing speculative fervor (and perhaps even growing adoption) around restaking projects. The strong move in EIGEN comes days after prominent voices on Twitter like @LidoWhale and @DannyETH called EigenLayer “the best-designed yield layer since DeFi Summer.”
This conversation feeds into the broader capital efficiency meta that’s dominated high-finance DeFi circles lately — restaking promises yield without giving up network participation. STRK (StarkNet’s native token) gained traction as users speculated on its inclusion into more modular Ethereum environments — like the EigenLayer ecosystem — being a potential driver.
The main character on Crypto Twitter today is undoubtedly “Restaking.” It popped up in over 12 trending threads, according to sentiment tracker LunarCrush. Notable takes included Delphi Digital debating layered security frameworks, and a16z-backed founders pointing to EigenLayer as “the AWS of decentralized trust.” You could almost feel the dopamine drip from all the quote tweets and flame emojis.
Elsewhere, PNUT’s run had lesser-known DeFi insiders theorizing a “low float, high meme potential + real cashflow” combo. While not exactly academic, in this market, narrative + virality often beats the cleanest tokenomics.
On the other end of the spectrum, SAFE took a 7.95% hit — perhaps a victim of profit taking post-airdrop or waning interest in multisig tooling as modular chains take spotlight. USDF, a U.S. bank-backed stablecoin initiative, dipped 3.78%, likely due to low liquidity and recent scrutiny following criticism from decentralization purists. WAL and BCH were down marginally (-2.26% and -2.05%, respectively), mostly as rotations shifted into higher beta plays.
DEEP’s -1.55% dip barely registered but could mark the start of a larger pullback for RWA protocols, which haven’t captured the same speculative zeal as restaking or L2 narratives recently.
We’re seeing clear market evidence for aggressive capital rotation into newer speculative narratives. Compare this week’s top gainers to April’s — we’ve gone from Layer 1 dinosaurs and memecoins to oracle, restaking, and yield-layer protocols. PYTH and EIGEN are both deeply tied to infrastructure, and that’s telling us where smarter money may be migrating.
Meanwhile, PNUT remains a glorious enigma. It’s technically a DeFi protocol, but theories range from “wallet farming combo play” to “protocol revenue dark horse.” Regardless of origin, the market clearly has an appetite for unconventional upside plays right now.
Heading into the weekend, volatility is likely to stay elevated. With EIGEN stealing headlines and PYTH pushing back into the top 100 assets by market cap, traders should be eyeing smaller oracle or staking-as-a-service assets for sympathy plays. Similarly, PNUT’s pump could pave the way for other low liquidity tokens to run — keyboard warriors are already tossing around names like COCONUT and WAFER as next week’s moon candidates.
If you’re playing short-term, watch for reversal patterns on the top gainers (especially if volume collapses). But for narrative traders, it’s clear that restaking and oracles are the hot sauce of May 2025 — and you want to be licking your fingers before everyone else figures it out.
This week in crypto markets felt like being handed a seat on a rocket headed to orbit — especially if you were lounging in one of the tokens that took off. The clear standout was PNUT, which surged a phenomenal 58.72% in just 24 hours. Not far behind, Oracle protocol PYTH flexed its muscles with a 35.97% uptick, and smart contract platform Casper Network (CSPR) sparkled at 23.71%.
The optics of such aggressive upward movement suggest something more structural underway — possibly rotation into fresh narratives and tokens perceived as underappreciated. Let's not forget EigenLayer's EIGEN token, up 20.07%, riding immense tailwinds as Ethereum restaking continues to grab mental real estate across Crypto Twitter.
EigenLayer isn't just a buzzword anymore; it’s becoming infrastructure. EIGEN’s 20.07% gain and STRK’s respectable 19.48% climb underline growing speculative fervor (and perhaps even growing adoption) around restaking projects. The strong move in EIGEN comes days after prominent voices on Twitter like @LidoWhale and @DannyETH called EigenLayer “the best-designed yield layer since DeFi Summer.”
This conversation feeds into the broader capital efficiency meta that’s dominated high-finance DeFi circles lately — restaking promises yield without giving up network participation. STRK (StarkNet’s native token) gained traction as users speculated on its inclusion into more modular Ethereum environments — like the EigenLayer ecosystem — being a potential driver.
The main character on Crypto Twitter today is undoubtedly “Restaking.” It popped up in over 12 trending threads, according to sentiment tracker LunarCrush. Notable takes included Delphi Digital debating layered security frameworks, and a16z-backed founders pointing to EigenLayer as “the AWS of decentralized trust.” You could almost feel the dopamine drip from all the quote tweets and flame emojis.
Elsewhere, PNUT’s run had lesser-known DeFi insiders theorizing a “low float, high meme potential + real cashflow” combo. While not exactly academic, in this market, narrative + virality often beats the cleanest tokenomics.
On the other end of the spectrum, SAFE took a 7.95% hit — perhaps a victim of profit taking post-airdrop or waning interest in multisig tooling as modular chains take spotlight. USDF, a U.S. bank-backed stablecoin initiative, dipped 3.78%, likely due to low liquidity and recent scrutiny following criticism from decentralization purists. WAL and BCH were down marginally (-2.26% and -2.05%, respectively), mostly as rotations shifted into higher beta plays.
DEEP’s -1.55% dip barely registered but could mark the start of a larger pullback for RWA protocols, which haven’t captured the same speculative zeal as restaking or L2 narratives recently.
We’re seeing clear market evidence for aggressive capital rotation into newer speculative narratives. Compare this week’s top gainers to April’s — we’ve gone from Layer 1 dinosaurs and memecoins to oracle, restaking, and yield-layer protocols. PYTH and EIGEN are both deeply tied to infrastructure, and that’s telling us where smarter money may be migrating.
Meanwhile, PNUT remains a glorious enigma. It’s technically a DeFi protocol, but theories range from “wallet farming combo play” to “protocol revenue dark horse.” Regardless of origin, the market clearly has an appetite for unconventional upside plays right now.
Heading into the weekend, volatility is likely to stay elevated. With EIGEN stealing headlines and PYTH pushing back into the top 100 assets by market cap, traders should be eyeing smaller oracle or staking-as-a-service assets for sympathy plays. Similarly, PNUT’s pump could pave the way for other low liquidity tokens to run — keyboard warriors are already tossing around names like COCONUT and WAFER as next week’s moon candidates.
If you’re playing short-term, watch for reversal patterns on the top gainers (especially if volume collapses). But for narrative traders, it’s clear that restaking and oracles are the hot sauce of May 2025 — and you want to be licking your fingers before everyone else figures it out.
PNUT’s unexpected rise of 58.72% ignited chatter around new DeFi meta plays while EigenLayer’s 20.07% jump asserted restaking as May’s dominant crypto trend.
If EigenLayer momentum continues, consider tracking correlated projects — especially early-stage oracle tools or L2 integrations not yet pumped.
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.
Manage all your crypto assets on the go with zero-gas swaps and a unified portfolio at your fingertips.
Disclaimer: Information contained herein should not be construed as investment advice, or investment recommendation, or an order of, or solicitation for, any transactions in financial instruments; We make no warranty or representation, whether express or implied, as to the completeness or accuracy of the information contained herein or fitness thereof for a particular purpose. Use of images and symbols is made for illustrative purposes only and does not constitute a recommendation to buy, sell or hold a particular financial instrument; Use of brand logos does not necessarily imply a contractual relationship between us and the entities owning the logos, nor does it represent an endorsement of any such entity by Quad Terminal, or vice versa. Market information is made available to you only as a service, and we do not endorse or approve it.
Copyright © Quad Terminal
