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Crypto Market: Weekly Winners and Losers

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by Giorgi Kostiuk

3 hours ago

The crypto market experienced significant price swings this week, with some altcoins showing notable gains while others saw declines.

Sharp Rally for IP, S, and MKR Tokens

Story (IP) surged 205% after breaking resistance at $2.50, triggering a short squeeze. Daily DEX volumes hit $18 million. Sonic (S) rose 60% post-rebranding due to liquidity provider integrations. Maker (MKR) gained 58% following a proposal to raise the DAI savings rate.

Declines for RAY, JUP, and TRUMP

Raydium (RAY) dropped 16% due to an exploit. Jupiter (JUP) fell 14% with capital rotating into new projects. Meme token Official Trump (TRUMP) slid 12% after margin liquidations.

Mid-Cap Tokens: Opportunities and Risks

Scotcoin (SCOT) jumped 742% following merchant integration news. However, Unchain X (UNX) fell 62% due to a staking bug.

The week was marked by volatile price movements in the crypto market, indicating both opportunities for speculators and significant risks.

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