Solana’s memecoin Pudgy Penguins (PENGU) jumped 17% as the week kicked off, rebounding alongside a broader altcoin recovery. Despite the bounce, quarterly returns sit near -7% after a sharp drawdown. On the 3-hour chart, PENGU hovered around $0.026, with Bollinger Bands narrowing as volatility cooled, the MACD flipping bullish, and the Chaikin Money Flow (CMF) near 0.01.

South Korean exchange Upbit has drawn attention after dramatically increasing its XRP reserves, bringing their value nearly equal to its Bitcoin holdings. This unusual move highlights XRP’s dominance on Upbit, a key crypto trading hub in Asia, and has raised speculation about rising demand and potential upside momentum. Analysts view these large reserves as a significant indicator for XRP price action, especially in global markets where Bitcoin typically leads.

Solana (SOL) continues to capture Wall Street’s attention as infrastructure firm Helius successfully raised $500 million to fuel Solana-focused development and large-scale token acquisitions. The capital injection—backed by major institutional investors—signals increasing confidence in Solana’s blockchain ecosystem and its ability to compete directly with Ethereum in areas like DeFi, NFTs, and scalable dApps.

Ethena (ENA) experienced a notable 13% price surge, reaching $0.622 after successfully holding support at $0.51. This rally was accompanied by a 28% increase in trading volume, signaling renewed demand and strong buying interest.

XRP has recently experienced a significant price rally, surging past $3.25 and gaining over 30% in just one week. This bullish momentum is being driven by a combination of renewed institutional interest, positive developments in the broader crypto market, and favorable political news from Washington that could improve the regulatory landscape for cryptocurrencies.

Ethereum (ETH) is showing strong bullish momentum as large investors, known as “whales,” are accumulating significant amounts of ETH while the number of sellers and exchange deposits continues to decline. Notably, whales have been opening large long positions and moving substantial amounts of ETH from exchanges into private wallets, signaling confidence in Ethereum’s future price growth.

A recent report from Glassnode suggests that Bitcoin’s current rally still has significant momentum, with the potential for prices to reach as high as $130,000 before demand begins to cool off. The analysis highlights that 95% of short-term holder (STH) supply is currently in profit, which is notably above the long-term average of 88%.

Popcat (POPCAT), a memecoin, recently experienced a significant surge, jumping 12.89% from a low of $0.34 to a monthly high of $0.41 before settling at $0.39. This rally was accompanied by a 76.23% increase in trading volume, reaching $100 million, signaling heightened on-chain activity.

Bitcoin has recently reclaimed the$106,000 level after a 2% market gain, sparking optimism among investors about the possibility of a new all-time high (ATH).

Bitcoin is once again approaching the highly anticipated $100,000 mark, currently trading around $98,215.61.