The coins that led the gains yesterday were $ZEC , $HYPE , and $PEPE :
ZEC has its own distinct narrative. While many ETFs are seeing net outflows, its ETF has had net inflows for five consecutive days, with net assets of 710 million.
This HYPE rally was driven by news that Payward would be the deployment partner for CFTC-regulated HIP-3, pushing the price back above the 7-day moving average at 78.4.
I mentioned PEPE yesterday: Justin Sun added to his PEPE holdings again, drawing retail investors in. The structure of this rally is also healthy: open interest is only 0.41 times futures trading volume, and the funding rate is close to zero. That suggests the rise is being driven by spot buying, making it quite solid.
ZEC has its own distinct narrative. While many ETFs are seeing net outflows, its ETF has had net inflows for five consecutive days, with net assets of 710 million.
This HYPE rally was driven by news that Payward would be the deployment partner for CFTC-regulated HIP-3, pushing the price back above the 7-day moving average at 78.4.
I mentioned PEPE yesterday: Justin Sun added to his PEPE holdings again, drawing retail investors in. The structure of this rally is also healthy: open interest is only 0.41 times futures trading volume, and the funding rate is close to zero. That suggests the rise is being driven by spot buying, making it quite solid.
