The crypto market has just witnessed a strong price increase in AI and meme tokens, as capitalization and liquidity return to speculative assets with a clear narrative.
FET and ARB surged thanks to the AI and Layer 2 wave
The Artificial Superintelligence Alliance token (FET) increased by 9.42% to $0.8002, becoming the coin with the strongest increase among large-cap assets. Following closely is Arbitrum (ARB), which rose 8.90% to $0.365 due to a recovery of interest in layer 2 projects on Ethereum.
Two other names, Stacks (STX) and Worldcoin (WLD), also recorded an increase of over 7%, priced at $0.7818 and $1.20 respectively. Meanwhile, Aave (AAVE) rose 7.24% to $259.48, with trading volume slightly above average. Immutable (IMX) and Jupiter (JUP) also increased by over 7% respectively. Bonk (BONK) – a prominent meme coin – rose an additional 6.82%, continuing its gradual recovery journey.
AAVE leads in liquidity, BONK surprises
AAVE is the coin with the highest trading volume of the day at over $387 million. Arbitrum and Worldcoin both surpassed $183 million, while BONK unexpectedly reached $211 million, surpassing many other large-cap assets in terms of liquidity.
Sky and WIF surged strongly during the day
Leading the daily price increase is Sky (SKY), which soared 17.29% to $0.0767, although trading volume was only $7.6 million, indicating limited liquidity.
Most notably, Dogwifhat (WIF) – a meme coin that has caused a stir recently – increased by 16.34% to $0.9876 with a trading volume of $440 million. Some other names also saw double-digit increases such as Ethena (ENA) (up 13.61%, priced at $0.3437) and Hyperliquid (HYPE) (up 12.82%, priced at $37.05).
Additionally, SPX6900 (SPX) and Pendle (PENDLE) also increased by over 10%. The famous meme token Pepe (PEPE) rose 10.17%, with a massive trading volume of $1.05 billion – outperforming many other top altcoins.
Money is rotating between AI, Layer 2, and meme coins
The widespread increase indicates that funds are shifting between prominent investment narratives such as: artificial intelligence (AI), synthetic finance, decentralized protocols, and meme coins.
This occurs in the context of the SEC just withdrawing its lawsuit against Binance, injecting a new breath of fresh air into investor sentiment and triggering a speculative short-term recovery wave.
A breakout opportunity is forming
The uniform increase in mid-cap coins with a strong narrative is a sign that the market is preparing for a new breakout. With the leadership of tokens like WIF, PEPE, FET, ARB, investors are continuing to prioritize themes like AI, network expansion, and interoperability.
The sharp increase in volume among leading coins is an important signal that upward momentum may continue. If the flow of funds continues to concentrate on liquid-rich tokens with a clear narrative, the market may maintain its short-term upward trend.