Altcoins Surge despite Slightly Bearish Crypto Market
On Sunday, several altcoins experienced notable gains, even as the overall cryptocurrency market remained slightly bearish. the total market cap is now around $2.7 trillion, down 0.63% in the past 24 hours. Bitcoin (BTC) is trading below $83,000, and Ethereum (ETH) has dropped 2.2% to $1,837.
FunToken (FUN) has been the standout performer, doubling in value over the past 24 hours. It’s now trading at $0.006304, up from $0.003132. This surge continues a week-long rally, with FUN climbing nearly 200% in seven days. Despite this impressive growth, FunToken hasn’t announced any major developments. However, it has become one of the top gainers on Binance.
One analyst noted FUN’s potential on social media, pointing to its weekly chart pattern and suggesting a possible additional 2x gain due to high trading volume.
MMX is the second top gainer,climbing 79.9% in the past 24 hours to $0.5586. This rally comes after a period of decline, with MMX down 15% over the past week, 40% over the last month, and 73% over the past year. Like FunToken, there are no clear basic drivers behind MMX’s sudden price spike.
Enzyme (MLN) is the third top performer, jumping 32.3% in the last 24 hours to $11.33. Unlike the other surging tokens, Enzyme has a clear catalyst: it was recently nominated in five categories at the upcoming Hedgeweek Global Digital Assets Awards 2025. This positive attention has boosted the protocol and its native token.
