Pepe Surges 61.60% as Memecoins Lead Crypto Market Gains

This week, the crypto market saw significant movements, with memecoins leading the charge in gains while several other tokens experienced notable declines. Pepe [PEPE] emerged as the top gainer, surging by 61.60% and reclaiming a five-month high of $0.00001406. The memecoin's rise was fueled by a capital rotation following Bitcoin's rebound to $96k, which provided a modest lift and set the stage for a rapid 50% spike in the PEPE/BTC pair. However, the Relative Strength Index (RSI) is showing signs of overheating, indicating that PEPE's next move will depend heavily on Bitcoin's performance.

dogwifhat [WIF] also showed strong bullish resilience, closing in on the top spot with a 61% weekly jump. Unlike PEPE, WIF started the week in a tight range between $0.58 and $0.75, but the bulls managed to break this range, setting up a perfect short-squeeze scenario. As of the latest data, WIF was trading at $0.89, boasting a 131.57% monthly surge. The bulls are eyeing the $1 mark, but the rally is far from guaranteed due to the high-volatility climate.

Pi [PI], a utility token, also made significant gains, clocking a 60% rally on the week. Unlike the meme plays, PI has been riding a wave of sustained bullish momentum, with price action up 24% on the daily timeframe. On-chain and exchange volume has exploded, signaling aggressive spot-driven demand. At the time of writing, PI was trading at $1.05, with strong bid-side depth suggesting it may have the legs to shrug off early signs of RSI overheating.

On the losing side, UNUS SED LEO [LEO] topped the weekly losers chart, posting a 7.89% drawdown from its weekly open. The week kicked off with immediate downside pressure, as LEO printed a sharp 4.39% red candle to close at $8.76, signaling early weakness. Although macro-driven FUD began to ease midweek, giving bulls a brief window to attempt a mean reversion bounce, the rally lacked conviction. Bears quickly regained control, slamming price another 6% over the following two sessions. The RSI is deep in oversold territory, hinting at a potential bounce, but it’s still too early to bank on a recovery without a clear volume surge or structural shift.

DeXe [DEXE] closed the week 3.35% in the red from its bullish open at $14.44. A mid-week reversal saw DEXE fall back below the $15 resistance. The 1D chart shows solid bull support, even with the inconsistent bearish pattern. Buyers are clearly eyeing a strong entry, waiting for that sweet spot. At press time, DEXE was priced at $14.04, with a daily range between $13.53 and $14.17. RSI is creeping towards oversold territory, hinting at a potential bounce, but volume still needs to pick up for a real trend reversal.

SoLayer [LAYER] extended its losses from the previous cycle, taking the worst hit among the top 500 assets. What began as a 9% single-day slump quickly spiraled into an all-out bearish selloff, with no clear support in sight on the 1D chart. As LAYER reclaimed a $3.30 valuation, the bears piled on with a massive liquidity squeeze, dragging the price down to $1.18 at press time. Mid-week candles printed a jaw-dropping 40%+ decline, putting LAYER in full damage control mode. Despite a slight consolidation over the past three days, volume remains stagnant, which makes the odds of LAYER logging a third straight week of losses increasingly likely.

In summary, the crypto market's volatility is in full swing, with prices swinging fast and furious. Memecoins like PEPE and WIF led the gains, while tokens like LEO, DEXE, and LAYER experienced significant declines. Investors are advised to do their own research before diving into any investments, as the market's high volatility can lead to rapid price swings.