PENGU leads the altcoin rally with exceptional trading volume and liquidity, signaling strong short-term market interest.
MANA shows steady momentum, supported by rising participation in the metaverse space and consistent buyer demand.
AXS resumes its bullish trend after consolidation, backed by healthy liquidity and renewed attention from traders.
The cryptocurrency market witnessed strong price action across several altcoins over the past week. Among the top-performing assets, Pudgy Penguins (PENGU) led with a significant surge of over 86%, while Decentraland (MANA) and Axie Infinity (AXS) also posted notable gains of 19.9% and 15.17%, respectively.
Strong volume growth, increased market capitalization, and sustained upward momentum helped these assets outperform others. Their price movements reflect growing interest from traders and potential shifts in short-term market sentiment.
PENGU Leads Weekly Gains with 86% Price Spike
Pudgy Penguins (PENGU) recorded one of the strongest rallies in the altcoin market this week. The token's price climbed from around $0.01598 to a peak of $0.02967, marking an 86.69% increase over seven days. This movement started gaining momentum on July 10, with price action strengthening and breaking above the $0.025 resistance level.
The rally was supported by a significant increase in trading volume. In the last 24 hours alone, PENGU recorded $1.9 billion in trading volume, up by 110.48%, according to market data. The market cap also rose by 27.35%, reaching $1.86 billion, positioning PENGU among the most actively traded tokens for the week.
The volume-to-market-cap ratio of 101.63% signals exceptional liquidity, suggesting that PENGU is seeing consistent buyer activity. With a circulating supply of 62.86 billion PENGU, the token’s performance highlights increasing short-term interest, possibly tied to upcoming developments in its ecosystem or broader speculative demand.
Decentraland (MANA) Sees Sustained Bullish Momentum
Decentraland (MANA) followed with a strong 19.9% gain over the week, climbing from $0.2671 to $0.3178. The price began rising steadily after July 10, showing a pattern of higher highs and brief consolidations. This structure often reflects sustained demand and healthy upward pressure.
Trading volume for MANA increased by 43.57% in the last 24 hours, reaching $64.31 million. Market cap also grew to $626.1 million, with a volume-to-market-cap ratio of 10.26%—a sign of solid liquidity. This trend supports MANA’s upward momentum and aligns with broader market activity across gaming and metaverse tokens.
MANA’s price strength during the week could be linked to increased participation in virtual land platforms or renewed developer interest. While the market saw occasional intraday corrections, the overall chart pattern remains bullish, supported by strong volume and steady growth in capitalization.
AXS Gains 15% Amid Breakout from Consolidation
Axie Infinity (AXS) posted a 15.17% rise in price over the week, starting at around $2.03 and reaching a high near $2.60 before settling at $2.50. This increase came after a prolonged period of sideways movement, followed by a breakout beginning on July 10.
The 24-hour trading volume rose by 11.83%, bringing total daily volume to $24.46 million. Market cap now stands at $415.13 million, with a circulating supply of 166.03 million AXS. This profile reflects healthy liquidity conditions and growing market attention.
Price action remained consistent throughout the rally, with modest pullbacks and strong support near key levels. The asset’s recovery has placed it back into a short-term bullish trend, likely attracting both traders and long-term holders preparing for further movement.
Altcoin Market Highlights Active Trading and Renewed Interest
The current week of PENGU, MANA, and AXS depicts growing popularity in the altcoin sector. The 86% gain of PENGU took over the headlines with the help of a volume and market capitalization boost. MANA and AXS also demonstrated the stable growth with good technical configurations and growing interest among investors.
Such assets went faster than most of the overall market, providing a glimpse on the scurrying capital and a reintel terroristism of trading. Provided that the current momentum remains, there are chances that more people will join these tokens as the next market cycle arrives. Investors and traders are likely to keep an eye on the level of the volume and an area of resistance to determine the sustainability.
