Daily Degen
May 29, 2025

ZBCN Rockets While SYRUP Sours: A Volatile Week in Crypto

Brace yourselves, traders. The crypto markets went full Shakespeare this week: drama, betrayal, surprise comebacks—and yes, a few tragic exits. From ZBCN's meteoric rise to SYRUP’s sticky decline, we unpack the data-backed trends and Twitter-fueled chatter that shaped this week’s narrative.

ZBCN soared nearly 30%, fueled by DePIN buzz and strong on-chain metrics, while tokens like SYRUP and TKX buckled under community and exchange pressure. With influencer chatter pointing to a dovish Fed and DePIN breaking into mainstream narratives, altcoin volumes and volatility are alive and well.

Movers and Shakers

Today's Top Gainers:
Top 7-Day Gainers:
ZBCN (29.25%), WCT (20.59%), GIGA (16.93%), DEXE (12.02%), SAROS (9.968%)
Today's Top Losers:
Top 7-Day Losers:
SYRUP (-8.61%), TKX (-8.54%), KTA (-7.33%), PLUME (-6.90%), TOSHI (-5.91%)

The Comeback Coins

In a week where volatility married volume, the crypto leaderboard underwent a dramatic shake-up. ZBCN emerged as the surprise juggernaut, posting a jaw-dropping 29.25% gain. Rumors swirled across Twitter of a potential cross-chain bridge launch intertwined with DePIN (Decentralized Physical Infrastructure Networks) applications, giving serious fuel to speculative bids.

Our desk spotted a recurring pattern: mid-cap altcoins associated with real-world infrastructure, IoT, and DePIN themes—like ZBCN and GIGA (+16.93%)—moved in tandem. If you're paying attention to the narratives that count, the recent push for on-chain physical utility is translating into actual market rallies.

Then there’s WCT, rallying 20.59%. Although this token largely flies under radar, whale wallet activity on-chain shows accumulation of WCT in four straight sessions, possibly linked to rumors of WCT being added to a new derivatives DEX based in Southeast Asia. Watch this one: low float, high beta.

Bleeding on the Other Side

Looking at the underperformers, SYRUP poured cold water on more than just pancakes—down 8.61% this week. The token’s newly announced staking mechanism was met with confusion and a lack of clarity around emissions, prompting a social media backlash. Trader sentiment deteriorated swiftly despite SYRUP’s large holder base.

TKX also dropped by 8.54%, dragged lower amid claims circulating on Twitter that a major exchange may delist related trading pairs next quarter. Add to that thin liquidity and a lack of retail interest, and this makes for a classic down-only scenario post-announcement.

Whispers, Threads, and Influencer Noise

Crypto Twitter lit up early in the week as notable analysts like @0xTechnocrat and @MacroOnchain weighed in on rumors that the Fed might trim rates earlier than expected. With real rates cooling slightly and traditional markets pricing in a soft landing, speculative alts caught some tailwinds.

Meanwhile, “DePIN” became one of the most used hashtags in crypto Twitter circles, second only to the ever-green #Bitcoin. The noise isn't just vibes: Our analysis found an 18% average week-over-week gain in DePIN-related tokens—builders are back in the driver’s seat, and some retail is finally starting to notice.

Correlations Worth Your Candlesticks

One fascinating metric from our desks: the 30-day rolling beta of GIGA to Ethereum has spiked to 1.72. This means it’s swingier than ETH and exaggerates the broader market moves—a high-risk, high-reward scenario perfect for algo-driven breakout strategies. On the flip side, DEXE’s price action is diverging from ETH entirely, suggesting independent momentum. That uncorrelated alpha deserves attention in a crowded correlation trade landscape.

SAROS, climbing 9.968%, is also worth flagging. It continues to benefit from Solana ecosystem buzz, especially as its Phantom wallet recently hinted at native SAROS support.

What the Volume Tells Us

Spot volumes in the altcoin market ticked up 14%, and perp open interest for top 5 gainers saw a 21% increase week-over-week. This isn’t just stat padding—there's real positioning underway. Our liquidity heatmaps show fresh limit orders stacking above key resistance for ZBCN and WCT. Pair this with reduced CEX taker ratio for SAROS—indicating more maker interest—and you have some unusually healthy market structure for alts.

Conclusion

The altcoin market is no longer a ghost town. Momentum is being driven by narrative mining on Twitter, new categories like DePIN, and schedule-delayed monetary policy tailwinds. ZBCN’s outsized move might look like an isolated pump, but its context reveals a deeper market rotation underway—away from legacy memecoins and towards utility-oriented infrastructure plays.

We’ll be watching volumes and funding rates closely next week to verify whether this is the beginning of a real altseason—or just another beautifully orchestrated head fake.

The Comeback Coins

In a week where volatility married volume, the crypto leaderboard underwent a dramatic shake-up. ZBCN emerged as the surprise juggernaut, posting a jaw-dropping 29.25% gain. Rumors swirled across Twitter of a potential cross-chain bridge launch intertwined with DePIN (Decentralized Physical Infrastructure Networks) applications, giving serious fuel to speculative bids.

Our desk spotted a recurring pattern: mid-cap altcoins associated with real-world infrastructure, IoT, and DePIN themes—like ZBCN and GIGA (+16.93%)—moved in tandem. If you're paying attention to the narratives that count, the recent push for on-chain physical utility is translating into actual market rallies.

Then there’s WCT, rallying 20.59%. Although this token largely flies under radar, whale wallet activity on-chain shows accumulation of WCT in four straight sessions, possibly linked to rumors of WCT being added to a new derivatives DEX based in Southeast Asia. Watch this one: low float, high beta.

Bleeding on the Other Side

Looking at the underperformers, SYRUP poured cold water on more than just pancakes—down 8.61% this week. The token’s newly announced staking mechanism was met with confusion and a lack of clarity around emissions, prompting a social media backlash. Trader sentiment deteriorated swiftly despite SYRUP’s large holder base.

TKX also dropped by 8.54%, dragged lower amid claims circulating on Twitter that a major exchange may delist related trading pairs next quarter. Add to that thin liquidity and a lack of retail interest, and this makes for a classic down-only scenario post-announcement.

Whispers, Threads, and Influencer Noise

Crypto Twitter lit up early in the week as notable analysts like @0xTechnocrat and @MacroOnchain weighed in on rumors that the Fed might trim rates earlier than expected. With real rates cooling slightly and traditional markets pricing in a soft landing, speculative alts caught some tailwinds.

Meanwhile, “DePIN” became one of the most used hashtags in crypto Twitter circles, second only to the ever-green #Bitcoin. The noise isn't just vibes: Our analysis found an 18% average week-over-week gain in DePIN-related tokens—builders are back in the driver’s seat, and some retail is finally starting to notice.

Correlations Worth Your Candlesticks

One fascinating metric from our desks: the 30-day rolling beta of GIGA to Ethereum has spiked to 1.72. This means it’s swingier than ETH and exaggerates the broader market moves—a high-risk, high-reward scenario perfect for algo-driven breakout strategies. On the flip side, DEXE’s price action is diverging from ETH entirely, suggesting independent momentum. That uncorrelated alpha deserves attention in a crowded correlation trade landscape.

SAROS, climbing 9.968%, is also worth flagging. It continues to benefit from Solana ecosystem buzz, especially as its Phantom wallet recently hinted at native SAROS support.

What the Volume Tells Us

Spot volumes in the altcoin market ticked up 14%, and perp open interest for top 5 gainers saw a 21% increase week-over-week. This isn’t just stat padding—there's real positioning underway. Our liquidity heatmaps show fresh limit orders stacking above key resistance for ZBCN and WCT. Pair this with reduced CEX taker ratio for SAROS—indicating more maker interest—and you have some unusually healthy market structure for alts.

Conclusion

The altcoin market is no longer a ghost town. Momentum is being driven by narrative mining on Twitter, new categories like DePIN, and schedule-delayed monetary policy tailwinds. ZBCN’s outsized move might look like an isolated pump, but its context reveals a deeper market rotation underway—away from legacy memecoins and towards utility-oriented infrastructure plays.

We’ll be watching volumes and funding rates closely next week to verify whether this is the beginning of a real altseason—or just another beautifully orchestrated head fake.

Newsworthy

ZBCN’s 29.25% gain wasn’t a fluke—rumors of DePIN integrations and whale on-chain accumulation give credence to the rally. In contrast, SYRUP’s hasty staking revamp triggered a Twitter backlash, sending it down 8.61%. Keep your eyes on narratives and timing: this market trades on vibes and verifiable signals.

Pro-Tip:

Watch for breakout setups in low beta, trending tokens like SAROS and WCT. Use limit orders during Asian trading hours for tight spreads.

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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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