LIVEIn the dynamic world of cryptocurrency, some coins and tokens have shown remarkable gains, while others have faced significant losses. As of late May 2024, here are some of the top gainers and losers on Binance and other major exchanges:
1. **BONK (BONK)**
- **Weekly Increase**: 22.3%
- **Current Price**: $0.0000357
- BONK saw a strong rise this week due to increased community engagement and positive market sentiment
2. **PEPE (PEPE)**
- **Weekly Increase**: 19.8%
- **Current Price**: $0.00000137
- PEPE gained traction primarily because of a viral meme campaign that boosted its popularity.
3. **Hedera (HBAR)**
- **Weekly Increase**: 17.4%
- **Current Price**: $0.1287
- HBAR's price surged following news of a major partnership and developments in its ecosystem.
1. **Ethena (ENA)**
- **Weekly Decrease**: 21%
- **Current Price**: $0.7832
- Ethena faced a steep decline after weeks of gains, driven by market corrections and profit-taking.
2. **Ronin (RON)**
- **Weekly Decrease**: 14.7%
- **Current Price**: $2.73
- The decline in Ronin's price was attributed to decreased trading volume and less investor interest.
3. **Toncoin (TON)**
- **Weekly Decrease**: 15.6%
- **Current Price**: $5.20
- Toncoin's drop came after a strong rally, with the market correcting its overvaluation【6†source】.
These movements highlight the volatility and rapid changes in the cryptocurrency market. Investors should always conduct thorough research and consider market conditions before making any investment decisions. For more detailed information, you can visit CoinMarketCap and CoinGecko.