Trending Cryptocurrency | TRUMP Surges Over 70% in a Week as PENGU Jumps 18% on Heavy Volume

Market Overview

On August 24, the crypto market extended last week’s strong rebound, but market leadership has shifted from BTC’s sharp rally toward catch-up gains in major altcoins, DeFi tokens and meme coins. According to CoinMarketCap, the total crypto market capitalization stands at approximately $2.62 trillion, up around 1.86% over the past 24 hours. The Crypto Fear & Greed Index has risen to 79, bringing market sentiment close to the “Extreme Greed” zone.

The latest rally was initially driven by a shift in macro liquidity expectations. The U.S. Treasury increased the size of individual long-term Treasury buybacks from $2 billion to $4 billion. With long-end yields remaining elevated, the market interpreted the move as an important signal aimed at stabilizing the bond market.

At the same time, flows into U.S. crypto ETFs have rebounded sharply. For the week ended August 21, spot Bitcoin ETFs recorded approximately $1.92 billion in net inflows, while Ethereum products attracted around $697 million. Combined inflows reached roughly $2.61 billion, marking the strongest week of 2026.

The broadening of capital flows is also becoming increasingly evident. BTC has gained more than 22% over the past seven days, ETH nearly 30%, SOL around 24.5%, while XRP has risen close to 50% in a week. Bitcoin dominance has not continued to climb significantly alongside BTC’s price, suggesting that part of the capital is rotating from Bitcoin into higher-beta assets.

Trending Cryptocurrency

BTC | Up More Than 22% in a Week as $77K Becomes the New Bull-Bear Pivot

Bitcoin is currently trading at around $77,500, up approximately 1.7% over the past 24 hours and around 22% over the past seven days. Its market capitalization stands at roughly $1.55 trillion.

Bitcoin’s technical structure has clearly shifted from bearish to bullish. BTC has reclaimed both its 50-day and 200-day EMAs, with the 200-day EMA currently around $72,800. However, following the consecutive sharp gains, the daily RSI has climbed to around 80, placing BTC firmly in overbought territory. The $77,500 area also coincides with an important Fibonacci resistance zone, while $80,000 represents the next major psychological level.

If BTC can consolidate above the 76,000–77,000 range and establish a new trading base, the market could retest $80,000. Conversely, if short-term profit-taking accelerates, the 200-day moving average around 72,000–72,800 will become a more important trend support zone.

Strategy Reference: Initial short-term support is at 75,500–76,000, with stronger support at 72,000–72,800. The key upside resistance to watch is $80,000.

ETH | Capital Rotates Back Into Ethereum as $2,500 Becomes the Key Breakout Level

ETH is currently trading at around $2,458, up approximately 2.4% over the past 24 hours and around 30% over the past seven days. Its market capitalization stands at approximately $295.3 billion.

ETH has clearly outperformed BTC during the latest rally. On the flows side, U.S. Ethereum ETFs recorded approximately $697 million in net inflows last week. Combined BTC and ETH product inflows reached around $2.61 billion, indicating that institutional capital is not only rebuilding BTC exposure but also increasing allocations to ETH.

Technically, ETH has reclaimed both its 50-day and 200-day moving averages, significantly strengthening its short-term trend. However, the daily RSI is already close to 78, placing ETH in overbought territory as well. The $2,500 level is currently the most important short-term resistance, with price having faced repeated profit-taking around this area following the recent sharp advance. The 200-day EMA is currently near $2,143 and remains an important longer-term trend support.

ETH’s current advantage is that the market is once again trading the “altcoin rotation” theme. If BTC can remain above $75,000 without a sharp pullback, ETH may still have room to outperform BTC on a relative basis. However, its higher-beta characteristics also mean that any meaningful BTC correction could result in a larger drawdown for ETH.

Strategy Reference: Initial short-term support is at 2,350–2,400, followed by 2,200–2,250. The key upside resistance is $2,500. A confirmed breakout and hold above $2,500 could open the way toward 2,650–2,800. Failure to break higher would increase the risk of profit-taking after the recent rally.

XRP | Nearly 50% Weekly Surge as ETF Flows Strengthen the Institutional Narrative

XRP is currently trading at around $1.48, up approximately 1.2% over the past 24 hours and about 46.7% over the past seven days. Its market capitalization has risen to approximately $92.4 billion.

XRP has been one of the strongest-performing major crypto assets in the latest rally. Technically, XRP has broken decisively above both its 50-day and 200-day EMAs, strengthening the broader trend structure. However, the daily RSI is around 78, indicating heavily overbought short-term conditions. Price previously surged toward $1.70 and is now consolidating around 1.45–1.50 as the market absorbs profit-taking.

Strategy Reference: Initial short-term support is at 1.42–1.45, with key trend support at 1.30–1.35. Resistance is concentrated around 1.55–1.60. A breakout above $1.60 followed by successful consolidation could bring the 1.80–1.90 area into focus. After such a sharp rally, chasing price at current levels carries elevated risk.

TRUMP | Surges Over 70% in a Week as Political Narratives and Team Fund Flows Amplify Volatility

OFFICIAL TRUMP is currently trading at approximately $2.41, with 24-hour trading volume exceeding $1.1 billion. Based on price data over the past week, TRUMP has gained more than 70% from around $1.40 on August 17.

TRUMP has become one of the most extreme examples of the recent high-beta trade. Earlier rumors that the Trump family could launch a new token on Robinhood Chain rapidly boosted interest in political meme coins. Although Eric Trump later denied the reports, TRUMP still surged from below $1.50 to around $3.60 at one point.

At the same time, risks on the flow side have also increased significantly. Information aggregated by CoinMarketCap showed that project-team-linked addresses had previously transferred approximately 2.62 million TRUMP tokens, worth around $6.2 million, to exchanges. On August 24, on-chain tracking also indicated that liquidity operations linked to the Trump team generated approximately 3.39 million USDC within 10 hours. This has given the latest TRUMP rally a highly typical structure of “narrative catalyst—leveraged momentum chasing—team fund movements—sharp retracement.”

Strategy Reference: Key short-term support is at 2.30–2.40. A breakdown could bring the $2.00 area back into focus. Initial resistance is at $2.70, followed by $3.00 and the previous high around $3.60. TRUMP’s trading volume is already significantly larger than its market capitalization, making it a classic high-turnover meme coin trade. Position sizing and leverage management are therefore considerably more important than with major crypto assets.

AAVE | Sharp Daily Gain as DeFi Repricing Emerges as a New Market Theme

AAVE is one of the strongest-performing DeFi blue chips today. According to CoinMarketCap, AAVE is trading at approximately $140.31, up around 15% over the past 24 hours, with a market capitalization of roughly $2.16 billion. Its seven-day gain has reached approximately 62%.

The core driver of the rally is not simply a broader market rebound. Capital is beginning to reassess Aave’s fundamentals. CoinMarketCap data indicates that deposits on the Aave platform have reached approximately $30.16 billion, up around 30% from July 1. Deposits in Aave V4 have increased approximately 71.6% over the past 30 days. Meanwhile, the protocol generated around $833 million in fees over the past year, representing year-over-year growth of approximately 22%.

More importantly, the token value-accrual narrative is strengthening. The new Aavenomics framework and the “Aave Will Win” proposal reinforce the connection between protocol revenue and the DAO, while the governance mechanism enables the DAO to systematically repurchase AAVE on the open market. For DeFi projects that have long faced criticism that “the protocol makes money but the token does not necessarily benefit,” this shift is becoming an important catalyst for repricing.

Strategy Reference: Initial short-term support is around $135, followed by 125–130. Key resistance is at 149–150. A high-volume breakout and sustained hold above $150 could extend the rally toward 160–170. However, after gaining more than 60% in a week, chasing the rally carries materially higher risk, making pullback support and dip-buying strength more important to monitor.

PENGU | Jumps 18% on Heavy Volume as NFT Brand Momentum and Technical Breakout Align

PENGU has also become a major focus of market flows today. According to CoinMarketCap, PENGU is trading at approximately $0.0096, up around 18% over the past 24 hours. Its market capitalization stands at approximately $602 million, while 24-hour trading volume is around $412 million, representing a significant increase from previous levels. Based on the past week’s price action, PENGU has gained nearly 60% and is approaching its historical high around $0.01.

The latest rally has initially been driven by renewed momentum in the Pudgy Penguins brand. Weekly NFT sales for Pudgy Penguins recently reached approximately $867,000, up around 244% from the previous period, while the brand continues to expand licensing and physical consumer-product initiatives. Pudgy Penguins and LBank also previously launched a $500,000 PENGU rewards campaign, providing an additional boost to spot trading activity and market attention.

On the news front, Luca, a key figure within Pudgy Penguins, hinted at an upcoming “institutionalization” announcement. The community has speculated that this could involve ETF approval or deeper cooperation with the U.S. government. Several KOLs and traders have also expressed bullish views on social media, suggesting PENGU could become one of the week’s most actively traded tokens.

Strategy Reference: Initial short-term support is at $0.0081, followed by 0.0072–0.0073. The most important upside resistance is $0.010. A confirmed breakout above $0.01 could bring the $0.012 area into focus.

Conclusion

Overall, the crypto market has moved beyond the earlier BTC-led recovery and is gradually entering a second phase characterized by gains in major altcoins, broader institutional capital flows, and rotation into higher-beta tokens. BTC holding above $77,000, together with $1.92 billion in weekly net inflows into spot Bitcoin ETFs, has provided the foundation for stronger risk appetite. ETH, SOL and XRP have subsequently outperformed BTC, with XRP gaining nearly 47% over the week, indicating that capital rotation is rapidly spreading into major altcoins.

Three structural themes are now particularly clear.

First, BTC and ETH remain the liquidity anchors of the current rally. As long as BTC can hold around $75,000, the environment for altcoin catch-up rallies remains intact. However, the $80,000 area will become the market’s next major directional decision point.

Second, institutional capital is broadening into non-BTC assets such as SOL and XRP. XRP and SOL ETFs recorded approximately $39.78 million and $28.34 million in weekly net inflows, respectively, suggesting that the current altcoin rally is not being driven solely by retail traders and leveraged capital.

Third, high-beta capital is increasingly concentrating in DeFi and meme coins. AAVE has surged on the back of protocol revenue, V4 growth and improving token value accrual; PENGU is rapidly approaching $0.01 amid stronger NFT sales, brand momentum and a technical breakout; TRUMP remains strong as well, but team-linked fund movements and exceptionally high turnover make its risk profile considerably higher than other trending tokens.

The biggest short-term variable is now overheating. BTC, ETH, XRP and AAVE all have RSI readings in overbought territory, while the Fear & Greed Index has climbed to 79. Whether the market can extend its rally will depend on whether fresh capital continues to absorb supply at elevated prices after the first wave of short covering runs its course.