Pudgy Penguins (PENGU) led the altcoin surge, posting a weekly gain of nearly 60%.
Vine (VINE) and Ethena (ENA) saw strong interest, driven by consistent retail inflows and active on-chain participation.
Virtuals Protocol and Fartcoin both recorded rapid price movement amid low-cap volatility and social traction.
A new wave of retail-driven momentum lifted several altcoins this week, with five standout tokens gaining significant ground. Market data indicates Pudgy Penguins (PENGU), Vine (VINE), Ethena (ENA), Virtuals Protocol (VIRTUAL), and Fartcoin (FARTCOIN) each posted notable price increases, some reaching as high as 60%. The uptick came during a broader period of consolidation across the crypto market, making the gains more pronounced
PENGU Sees Rapid Uptick Amid NFT Ecosystem Interest
Pudgy Penguins (PENGU) emerged this week as one of the most active meme-linked tokens. It registered a sharp increase in user participation and trading frequency. The movement appeared to coincide with renewed social attention around its associated NFT collection. Activity clusters were concentrated on decentralized exchanges, showing a large number of newly created wallets interacting with the asset for the first time.
Exchange tracking platforms noted multiple inflow surges from mid-size holders. This suggested that non-institutional participants drove most of the trading volume. PENGU’s on-chain distribution patterns showed limited centralization, further supporting its appeal within micro-cap trading circles.
Ethena (ENA) Captures Retail Momentum on Protocol Expansion
Ethena (ENA) gained visibility following a rise in engagement around its synthetic stablecoin infrastructure. The token drew steady interest across multiple wallet tiers, with particular attention from smaller, short-hold traders. Analysts monitoring chain data observed a consistent trend in transaction batching and repeated DEX contract interaction.
Although larger projects experienced outflows or stagnation during the same period, ENA maintained on-chain activity without external triggers. Platform watchers cited the asset’s integration pace and ongoing protocol upgrades as possible background factors. The spread of wallet sizes remained broad, suggesting decentralized activity rather than coordinated pushes.
Vine (VINE) Grows Through Community Engagement and Visibility
Vine (VINE) attracted online traffic after gaining attention across social platforms and search trends. The token’s activity picked up abruptly mid-week, with transaction clusters concentrated in short bursts. These bursts aligned with increased mentions in forums and meme-sharing hubs.
https://twitter.com/GeckoTerminal/status/1949657813300740226
Blockchain data indicated a surge in user-generated liquidity events, most of them originating from newly activated addresses. VINE’s price action also aligned closely with sentiment waves, making it one of the more volatile assets in its segment. Despite its meme origin, Vine’s trading behavior followed patterns more common to experimental DeFi launches.
Virtuals Protocol (VIRTUAL) Logs Sharp Movement Amid Wallet Expansion
Virtuals Protocol (VIRTUAL) showed notable increases in single-token wallet creation. Most of these wallets remained idle after initial transfers, suggesting buy-and-hold intentions. The project attracted attention within certain DeFi subgroups, particularly around experimental virtual assets.
Activity was concentrated on Layer 2 networks, with interactions routed through niche DEX platforms. Trading volume remained largely retail-based, with minimal involvement from larger aggregator platforms. Virtuals Protocol also saw a rise in smart contract interactions tied to liquidity provision.
Fartcoin (FARTCOIN) Surges on Rapid Online Exposure
Fartcoin (FARTCOIN) recorded a sudden spike in decentralized trading activity, sparked by viral trends across meme communities. The token circulated heavily within concentrated Telegram and Discord groups, which coincided with an influx of first-time transactions.
Most of the token’s movement stemmed from fast, short-term traders. Analysis of its contract showed multiple high-frequency transfers across tightly timed intervals. Despite lacking external partnerships or protocol announcements, the asset gained enough traction to temporarily lead in meme-sector activity rankings.
