Crypto market’s weekly winners and losers – PENGU, ENA, PUMP, XTZ

Key Points

1. Conflux [CFX] surged 30% early in the week but retraced nearly 80% by midweek, indicating volatility and shaky investor conviction.

2. Pudgy Penguins [PENGU] showed a controlled 28% rise, with strong momentum suggesting potential further gains.

3. Ethena [ENA] gained 24.15%, testing the $0.60 resistance level, with bullish structure holding despite minor pullbacks.

4. Pump.fun [PUMP] dropped 34.62% due to heavy sell pressure, despite $19.6 million in buybacks failing to stabilize the price.

5. Tezos [XTZ] fell 17.23% after a previous 66.57% rally, showing signs of distribution but with potential for recovery.