The cryptocurrency market last week witnessed significant volatility with the surge of OKB, Mantle, and Aerodrome Finance, while numerous tokens saw deep declines such as SPX6900, Pudgy Penguins, and Conflux.
This week, altcoins had impressive increases while some NFT and Layer 1 projects faced heavy selling pressure, reflecting the rapid transformation of investment capital flows in the cryptocurrency market.
MAIN CONTENT
OKB, Mantle, and Aerodrome Finance lead the increase with outstanding growth, thanks to supply-demand factors and capital inflows into altcoins.
SPX6900, Pudgy Penguins, Conflux, and small altcoins are under strong selling pressure, reflecting the overall market adjustment trend.
Optimistic indices about ETFs and IPO activities create a new breeze, but market sentiment is still dominated by inflation expectations and interest rate policies.
What notable developments occurred in the cryptocurrency market last week?
The market focus last week was the strong volatility of Bitcoin along with mid-cap and altcoins, amidst macro factors continuing to directly impact investor sentiment.
The cryptocurrency market is always sensitive to interest rate policies and inflation expectations. Price adjustments parallel with short-term FOMO sentiment cause capital to rotate very quickly between segments.
Nguyen Duy Hung – Market Analysis Expert, Coin68, Weekly Report 33 of 2025
Bitcoin surged to 123,000 USD thanks to expectations of interest rate cuts, but pressure from inflation data caused the price to adjust to 117,000 USD, dragging a series of altcoins down. The IPO event of Bullish exchange attracted attention when successfully raising 1.1 billion USD.
Additionally, Ripple Token maintains stable growth amid positive expectations regarding ETFs. However, it is the mid-cap group and a few emerging altcoins that are really attracting capital flows, while Meme Coins show signs of stagnation as investors shift to other groups.
What is OKB and why did OKB surge last week?
OKB is the token of the OKX exchange, recording a 160% increase surpassing 142 USD in the week due to a tightening supply and a wave of accumulation.
The burn of 65.2 million tokens has created a scarcity effect, pushing the price of OKB to new highs. Indicators like RSI entering the overbought zone but continuous capital inflow, with trading volume increasing by up to 192%.
TradingView Report, OKB/USDT, August 17, 2025
OKB opened the week at around 46.57 USD, initially fluctuating between 40–50 USD. However, since August 13, in just one day, this token surged 125%, reaching a new ATH. Although the price later adjusted slightly around 122 USD, liquidity and interest continue to rise sharply.
FOMO sentiment returns as the 'altcoin season' cycle is activated. If the current momentum continues, OKB may soon reach the strong resistance zone of 130 USD and move towards new highs in the short term.
What highlights did Mantle (MNT) have last week?
Mantle (MNT) increased more than 30% from the opening price of 1.04 USD, surpassing long-term resistance and maintaining a short-term bullish structure.
The price increase of MNT this week is not only due to the breakout from the accumulation zone but also the rapid absorption of selling pressure, confirming a bullish trend thanks to abundant capital flows.
Analytical report, CoinGecko, August 17, 2025
MNT for the first time since Q1 surpassed the supply wall of 1 USD, establishing a solid support base. Although there were times of selling pressure at the 1.20 USD zone, buyers continuously absorbed selling pressure, creating a basis for moving towards higher resistance levels like 1.40 USD.
Intraday fluctuations such as a slight 2% correction are not enough to alter the bullish structure, indicating strong market sentiment and the short-term trend is expected to continue.
What is noteworthy about the performance of Aerodrome Finance (AERO)?
Aerodrome Finance (AERO) recorded a 22% increase from the opening price of 1.18 USD, continuously breaking through resistance levels from 1.00 USD, 1.30 USD to above 1.40 USD in the past week.
Starting the week with a 6% correction, but shortly after AERO surged 11%, wiping out 'short' pressure, establishing a new peak. Although facing recurring selling pressure, buyers quickly consolidated the accumulation position, maintaining a solid recovery.
The continuous breakouts above resistance show the strength of buyers, maintaining a bullish structure. If momentum is maintained, the 1.50 USD mark will not be far, and the quarterly target could reach 2 USD.
AMBCrypto Report, Aerodrome Finance, August 17, 2025
However, alongside the possibility of further increases, investors should also be cautious of breakdowns if buying power falters. Important price zones to watch are 1.40 USD and 1.50 USD.
Which other prominent altcoins increased in price this week?
In addition to the major tokens, many small altcoins (Coingecko) have impressive increases of hundreds of %.
Codatta (XNY) surged to lead with a 385% increase, followed by Imagen Network (IMAGE) up 309%, and Wiki Cat (WKC) up 270%. This is a group of altcoins with low liquidity and scale but attracts a large amount of short-term speculative capital.
Which tokens had the strongest declines this week?
SPX6900, Pudgy Penguins, and Conflux are the three names with the largest declines this week, reflecting each segment: market index, NFT, and Layer-1.
Strong fluctuations in the declining coin group demonstrate the pressure to take profits and the fierce rotation of capital, especially when key indices fail to hold important psychological support.
Le Minh Phuong – Technical Analysis Expert, Theblock101, Weekly Report 33 of 2025
SPX6900 (SPX) dropped 20% from the opening price of 1.94 USD, quickly breaking through the support zone of 1.90–1.70 USD. At the beginning of the week, the price plummeted 9.5% but mainly due to failing to hold the support zone rather than systemic risk. By the end of the week, SPX is testing the 1.50 USD mark again.
However, a rebound of 6.55% in a day indicates that demand still exists. If strong enough to turn resistance into support, SPX could return to the growth group in the coming weeks.
What does Pudgy Penguins (PENGU) indicate about the NFT market?
Pudgy Penguins (PENGU) – a representative of the NFT project, lost 17% of its value during the week when it failed to hold the psychological support level.
Opening the week at 0.04 USD, the price immediately fell by 9.65% due to a lack of defensive buying power, followed by a strong 11% breakdown on August 14. Currently, PENGU is trying to hold the price at 0.03 USD, but weak liquidity and demand combined with a risk-off market context pose a risk of deeper declines.
The absence of meme coin-style FOMO and capital flowing out of NFTs increases the likelihood of PENGU continuing to adjust, becoming a focus for short-term traders.
What does the performance of Conflux (CFX) indicate about the Layer-1 group?
Conflux (CFX) dropped 14% after losing an additional 3.97% last week, confirming the prolonged downtrend of the Layer-1 group.
CFX could not hold the support zone around 0.20 USD and continually tested the short-term bottom of 0.17 USD. Data shows weak buying demand, thin order book, making selling pressure easily push prices down, especially when the session on August 14 witnessed a sharp drop of over 10%.
If this trend continues, CFX could be pulled down to the support zone of 0.15 USD in the short term, increasing the risk for long-term investors.
CoinGecko Technical Report, August 17, 2025
Although demand shows signs of slight recovery, currently, the accumulation force is not enough to offset the selling pressure from previous weeks.
Who are the other notable losing tokens?
Throughout the market, many altcoins are under extreme pressure.
SOON dropped 43%, Yala fell 41%, and Rei decreased 40%, these tokens have extremely high volatility as speculative capital withdraws due to the inability to maintain important technical support. These fluctuations reflect a market environment with many risk factors and rapid capital rotation.
Conclusion: What should investors pay attention to in the near future?
Last week was typical of high volatility and cyclical nature of the cryptocurrency market, with strong pump phases interspersed with deep corrections across the board. Investors are advised to always analyze thoroughly, proactively seek information and manage risks to seize opportunities, avoiding FOMO or irrational sell-offs.
Frequently Asked Questions
Is Bitcoin the focal point guiding the market last week?
Yes, Bitcoin navigates general sentiment when it fluctuates, especially with the event surpassing 123,000 USD and then correcting due to inflation data.
Why did OKB have a sudden surge?
OKB surged strongly due to the large-scale token burn effect, FOMO capital flows, and a market structure lacking liquidity driving the price up.
Does Mantle (MNT) have the potential to maintain its upward momentum?
Mantle maintains strong buying power, continuously breaking through resistance, and if capital flows remain abundant, the expectation for an increase towards the 1.40 USD zone is still valid.
Which altcoin had the largest drop this week?
SPX6900 leads the decline group with -20%, followed by Pudgy Penguins and Conflux, reflecting the adjustment trend across many segments.
What are the signs of capital distribution currently?
Meme Coins are weakening, mid-cap and small altcoins are surging, capital is rapidly shifting between segments to seek short-term profits.
How to hedge against risks before strong price fluctuations?
Investors should research, allocate proportions reasonably, always manage risks, and avoid acting on impulse, especially when FOMO arises.
Which indices should be noted in the coming week?
Bitcoin, OKB, and major technical support levels. Especially macro news, interest rate policies, and ETFs will continue to strongly impact the overall market.
Source: https://tintucbitcoin.com/okb-aero-spx-pengu-bien-dong-manh/
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