Immutable X, Pendle, Bonk lead crypto markets weekend charge
Layer-2 token Immutable X (IMX), decentralized finance Pendle (PENDLE), and Solana’s dog-themed coin Bonk (BONK) were the best performers among the top 100 cryptocurrencies in the last 24 hours.
Per data from crypto price aggregator CoinMarketCap, Immutable X currently trades at $2.70, a 13.74% jump from the previous day.
Immutable X price chart | Source: CoinMarketCap
The coin’s 24-hour trading volume skyrocketed by more than 120% to settle at $222.6 million. IMX has been on an upward trend for over a month, adding an extra 21.54% to its price from a month ago and 24.42% in the last seven days.
On its part, Pendle’s price went up 12% following trading action that saw $93.9 million worth of the coin changing hands over the last 24 hours.
The 24-hour trading volume was a 62.16% improvement on the previous day’s number and put Pendle as the 75th most traded cryptocurrency in that period, per data from CoinMarketCap.
BONK was third on the list of biggest gainers; its $0.00001286 price is an 8% uptick over the past 24 hours.
Bonk price chart | Source: CoinMarketCap
The price hike accompanied a massive 124.92% increase in its 24-hour trading volumes, valued at more than $280.3 million.
Over 48 hours, Bonk’s price rallied 30% as it rode the broader crypto market resurgence and took advantage of the positive sentiment that followed its announcement of the BONKrewards scheme.
Introducing BONKrewards by @ArmadaFi
Lock your BONK to earn rewards from Community built BONK Eco products like BonkBot, SVB, and BONKswap.
Success of participating BONK Ecosystem Products = more rewards for users who Lock their BONK, with boosted rewards from the pool for… pic.twitter.com/ltQPMY4wTD
— Bonk! (@bonk_inu) February 10, 2024
Dogwifhat (WIF), another popular Solana (SOL) meme coin, was among the top performers, gaining 25.7% on its price from one day ago.
The coin, which recorded a 24-hour trading volume of $29.79 million, is currently priced at $0.2862, bringing its market value to $282.7 million and earning it the 199th position in CoinMarketCap’s list of the most prominent digital assets by market capitalization.
Elsewhere, the more prominent meme coin Dogecoin (DOGE) failed to make much of an impact, shedding 1.17% from its price and more than 8% from its 24-hour trading volume. This comes even as bullish DOGE whales continued to buy the dip, spending as much as $27 million on the coin in the first week of February.
