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Altcoin Season: Ethena Rises on $50M Weekly Revenue; MemeCore and OKB Climb

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Altcoin season typically exhibits its character by way of the tokens that seize liquidity and buying and selling screens in a given week. Today, three names stand out for various causes. MemeCore continues to rise on meme-driven enthusiasm. OKB advantages from its place as one of the vital established trade tokens. Ethena is discovering traction by way of the expansion of its artificial greenback system.

The mixture illustrates how altseason might be formed by very totally different drivers. Community power, trade economics, and different stablecoin constructions are all drawing consideration. These tokens don’t share the identical function or design, but every gathers curiosity by way of clear channels connecting to lively customers.

MemeCore (M): Community Token Moves Past $1

MemeCore is trading near $1.02, giving it a market capitalization of about $1.05 billion. According to CoinMarketCap, the circulating provide stands at simply above 1 billion tokens, with day by day turnover close to $200 million. The worth has climbed greater than 140% over the previous week and is as soon as once more approaching the August peak of $1.06.

Momentum has been pushed by concentrated group campaigns, renewed influencer promotion, and liquidity maintained throughout a number of exchanges. The mission positions itself as greater than a single meme coin, with an ecosystem meant to help extra launches.

This framework helps clarify why buying and selling curiosity has returned so shortly, making MemeCore one of many clearest community-driven beneficiaries of this altcoin season.

OKB: Exchange Utility and Scarcity

OKB is priced round $178.9, with a market capitalization of practically $3.7 billion. Circulating and most provide are fastened at 21 million tokens, which units it aside from many different exchange-linked property. The token has risen by roughly 6% prior to now day.

OKB Price (Source: CoinMarketCap)

OKB’s demand is tied to the OKX buying and selling platform, the place holders obtain payment reductions, staking alternatives, and entry to unique launches. Buyback and burn applications additional cut back provide over time.

The most up-to-date transfer coincided with technical indicators exhibiting OKB buying and selling above longer-term averages, prompting merchants so as to add publicity. This combination of trade loyalty and managed shortage has stored OKB resilient throughout altcoin rotations.

Ethena (ENA): Synthetic Dollar Adoption Lifts Token

Ethena is buying and selling near $0.73, with a market capitalization of about $4.8 billion and a circulating provide of round 6.6 billion tokens. Daily turnover is near $700 million, reflecting broad participation. ENA has gained about 7% prior to now day and round 20% through the previous week.

The token is related to USDe, an artificial greenback that expands by way of derivatives-based hedging quite than reserves. Recent development in USDe provide has been accompanied by protocol revenues exceeding $50 million in a single week.

Governance discussions round directing these revenues towards ENA holders have added to demand. Ethena has subsequently turn into one of many extra carefully watched tokens on this stage of altseason.

Altcoin Season Outlook

Altcoin season not often follows one sample. Today, MemeCore illustrates the reach of meme culture, OKB exhibits the pull of trade ecosystems, and Ethena exhibits the hyperlink between stablecoin adoption and token worth.

Each has discovered a distinct path into buying and selling exercise, and collectively they present how altseason might be constructed from numerous sources of participation.

The publish Altcoin Season: Ethena Rises on $50M Weekly Revenue; MemeCore and OKB Climb appeared first on Cryptonews.

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