Several top cryptocurrencies saw a second round of price increases last week, continuing their recovery trend from the previous week.

As a result, the global cryptocurrency market capitalization increased by $140 billion, or 5.7%, to $2.57 trillion.

Here are our picks for the most noteworthy cryptocurrencies this week, and here are the notable moves in these assets:

PEPE hits new high for second consecutive week

Pepe ( PEPE ) has been on a sustained uptrend since mid-April despite broader market instability during this period. Market data confirms that the meme coin has posted four consecutive intraday gains since April 20.

This trend occurred from April 20 to 23, May 1 to 4, and May 11 to 14.

Although it failed to achieve a similar rally this week, Pepe surged 45.86% on May 21 and 22 while the rest of the market faced a correction. Recall that two weeks ago, the frog-themed meme token hit an all-time high of $0.00001161.

Last week, Pepe prices reached another all-time high, rising to $0.00001577 on May 25. The price surge reversed the overall bearish trend in the market that was triggered by Bitcoin’s (BTC) pullback from the $71,000 high on May 20.

Pepe has surged 75.88% over the past seven days, making it the biggest gainer among the top 100 assets during that time. The meme coin is currently in the price discovery phase and has a 24-hour trading volume of $1.946 billion at press time, ranking seventh among the cryptocurrency markets.

Pepe’s accumulation/distribution indicator confirms that last week’s rally was primarily triggered by massive demand. As of May 19, the indicator was valued at 615.79 trillion PEPE, but by the end of this week it had surged to 775.91 trillion tokens. Currently trading at $0.00001606, PEPE is expected to secure its claim to that threshold.

No more 10% drop

On May 19, Notcoin opened the week with a sharp drop of 16.1%.

The token was first launched as a closed beta of Telegram in November 2023 and saw a fierce sell-off shortly after its launch.

The token plunged 55% after its launch as airdrop farmers cashed out, and the sell-off continued last week.

Still, it passed up the chance to recover most of its losses on May 20 when Bitcoin and other cryptocurrency markets rallied.

Notcoin gained only 2.57% and continued its downward momentum in the following days.

The new stock fell another 10.63% from last week, closing below $0.005.

A 10.01% rebound on May 25 was not enough to offset all of last week’s losses. NOT is currently valued at $0.004964, down 86.76% from its high of $0.0370 on the day of its Binance listing.

ONDO sets new record

Ondo (ONDO) was one of the best performing stocks last week. Like the broader market, the asset started the week on a weak note, falling 3.82% on May 19.

However, it recovered its losses riding on the momentum of the market rebound and closed up 8.29% on May 20.

On the same day, while the rest of the market gave back gains, Ondo, the native token of RWA tokenization platform Ondo Finance, saw a mild pullback before resuming its upward trend. Ultimately, the token hit a new all-time high of $1.16 on May 24.

The asset has since surpassed that level and joined PEPE in price discovery mode. At the time of reporting, ONDO is priced at $1.28 and has gained 40.73% over the past seven days, making it the fifth-largest gainer during that time.

The token has now recovered 23% of its losses in April and is up 71.88% this month.

However, Ondocoin’s position above $1.28 remains fragile, especially as the RSI of 77.29 suggests it is at overbought levels.

The asset is set to correct, but bulls need to find support at the 23.6% Fibonacci retracement level ($1.1873) to prevent a sharp drop to the lower end of the $1 threshold.