This week witnessed sharp volatility across cryptocurrency markets, with altcoins like Conflux, Pudgy Penguins, and Ethena leading gains while Pump.fun, Tezos, and Sonic faced significant declines.
Conflux (CFX) surged 30% early in the period, hitting an all-time high of $0.246 before plunging 80% to $0.15, reflecting extreme price instability.
Pudgy Penguins (PENGU) showed relative strength with a 28% rally and potential for testing higher resistance zones, while Ethena (ENA) climbed 24.15% to challenge the $0.60 supply area despite an 11% mid-week pullback.
On the downside, Pump.fun (PUMP) tumbled 34.62% under heavy selling pressure even after $19.6 million in token buybacks.
Tezos (XTZ) dropped 17.23% following earlier substantial gains, with buyers attempting to defend the $0.80 support level.
Sonic (S) retracted 15% after rejection at $0.40 resistance, stabilizing near $0.32.
Amid these swings, institutional confidence in Ethereum strengthened as BlackRock’s spot Ethereum ETF exceeded $10 billion in assets under management.
Low-to-mid capitalization tokens dominated weekly price movements, highlighting elevated volatility and speculative trading activity across the sector.