Pangolin, Aerodrome, COTI, Sushi, Suku prices lead the crypto surge

2024-2-25 16:08

The crypto industry was mixed during the weekend as the fear and greed index remained in the greed zone. Bitcoin, the biggest coin in the world, remained unchanged at $51,000. Similarly, Ethereum remained slightly below $3,000.

There were some big movers though. As I wrote earlier today, DEX tokens like Uniswap, dYdX, and PancakeSwap were among the best performers. This rebound happened as investors cheered the latest Uniswap governance proposal to distribute profits to token holders and stakers.

Meanwhile, Pangolin’s PNG continued soaring on Saturday and there was no major news attributed to the move. It has jumped by more than 250% in the past three days as it went through a short squeeze. Its daily volume has risen by over 108%.

For beginners, Pangolin is a decentralised exchange on the Flare, Avalanche, and Hedera Hashgraph’s network. As such, the acceleration of the jump is likely because of the Uniswap news.

The other top performers were Aerodrome (AERO), SushiSwap (SUSHI), and Suku. Aerodrome is a trading and liquidity marketplace on Base, the blockchain network created by Coinbase. It is the biggest player in the ecosystem with a total value locked (TVL) of over $124 million.

Suku, a small cap cryptocurrency with over $15 million in assets, was another top performer as it surged by 33% as it became a trending token in popular social media platforms like StockTwits and Reddit.

Suku is a relatively new platform that aims to create a Web3 wallet for social media where users can use their X accounts as their crypto address. Suku This also allows users to trade NFTs in their social media platforms.

The other cryptocurrencies that were being pumped on Saturday were the likes of COTI, Ordiswap, Rejuve, and Orca. Rejuve, part of the SingularityNET network, rose as demand for AI networks jumped. Orca, Vertex Protocol, and OrdiSwap did well as investors moved to DEX tokens.

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