Crypto market’s weekly winners and losers – BONK, PENGU, PI, KAIA

• Bonk [BONK], Pudgy Penguins [PENGU], and Fartcoin [FARTCOIN] led the week with sharp price surges.
• Pi [PI], Jito [JTO], and Kaia [KAIA] suffered significant declines.

This week in crypto, the market remained steady, with Bitcoin [BTC] holding near $108k and Ethereum [ETH] gaining around 7% to trade above $2.5k.

Yet, the market chased “hype” over utility, as capital rotation into memecoins became apparent.

In fact, the top three winners were all meme tokens, each seeing double-digit gains in valuation. Meanwhile, utility-focused projects remained lackluster.

Weekly winners

Bonk [BONK] — Solana-based memecoin experienced a trend reversal

Bonk [BONK] kicked off July with a breakout rally, jumping nearly 50% to trade around $0.000020, smashing through two key resistance zones after starting the month at $0.000014. 

The move followed a textbook breakout from tight consolidation, with BONK rebounding off its 60-day low at $0.000012 to reclaim late-May levels.

However, momentum may be peaking. RSI is back near 80, deep in overbought territory, while the MACD flirts with a bearish crossover, hinting at waning upside strength. 

Source: TradingView (BONK/USDT)

With price now testing a heavy overhang zone, early profit-taking and rising short interest could pressure BONK. 

However, if bulls step in and hold this level, a short squeeze could ignite fresh FOMO, potentially driving price toward the $0.000025 ceiling.

Otherwise, a rejection here opens the door for a healthy pullback toward the $0.000017 support.

Pudgy Penguins [PENGU] — Memecoin faced a key resistance level 

Pudgy Penguins [PENGU] surged 38% this week to close at $0.015, securing its spot as the second-biggest weekly gainer. 

However, the rally fell short of last week’s 60% breakout from the $0.008 support, hinting at possible bullish fatigue.

After starting July around $0.010, the 30%+ rally move pushed PENGU into early-February levels, likely flipping a chunk of underwater holders into profit. 

Consequently, PENGU retraced 6% from its weekly highs, suggesting sellers are re-entering. This overhead resistance, paired with weakening follow-through, suggests bullish strength may be fading. 

Unless buyers step in with volume, PENGU risks slipping back toward the $0.012 demand zone to reset.

Fartcoin [FARTCOIN] — Novelty memecoin extended its weekly gains

Fartcoin [FARTCOIN] secured the third spot among weekly gainers with a nearly 20% move, tagging $1.30 at its weekly high after starting the week at $1.09. 

This follows last week’s bounce from the $0.80 dip, confirming strong buyer defense above the key $1 psychological level, despite persistent overhead supply.

However, the close near $1.30 couldn’t hold, with price retracing to $1.16 at press time. This reinforces $1.30 as a critical breakout zone. 

While short-term momentum has cooled, FARTCOIN has now entered a tight consolidation range. 

If volume picks up, this coil could fuel the next leg higher. Keep an eye on volumetric spikes as potential breakout signals in the week ahead.

Other notable winners

Outside the majors, altcoin rockets stole the spotlight this week.

IKUN [IKUN] led the charge with a jaw-dropping 650% surge, followed by MORI COIN [MORI], which exploded 388%, and Nobody Sausage [NOBODY], rallying 283% to round out the leaderboard.

Weekly losers

Pi [PI] — Social utility token reversed back to its monthly low

Pi [PI] led this week’s losers, dropping nearly 15% from its $0.63 open as bears regained control. 

Crucially, the pullback followed a failed relief rally last week, where PI bounced 25% in just three days to hit a two-month high at $0.60. However, that momentum quickly faded.

Since its mid-May spike to $1.66, PI has struggled to establish solid support, and this week marked its third consecutive lower low, a clear continuation of the downtrend. 

Despite the drop, RSI hasn’t yet entered deeply oversold territory, suggesting further downside remains in play unless buyers step in with conviction.

Source: TradingView (PI/USDT)

A failure to reclaim the $0.47 breakdown level could open the door to a full retest of the $0.40 zone, flirting with all-time lows. 

Such a move would mark a critical breakdown, making the upcoming week a potential make-or-break moment for PI’s broader structure.

Jito [JTO] — Liquidity-focused SOL token fails to break key resistance ceiling 

Jito [JTO] posted a 14.5% weekly loss, sliding from its $2.20 open to $1.91 at press time, making it the second-biggest weekly loser. 

The week began with JTO testing the $2.50 ceiling for the third time since June, but once again, buyers failed to punch through, despite no clear signs of overextension.

The rejection pushed JTO back below the $2 mark, a key psychological level that previously triggered recovery bounces, suggesting the token is caught in a price feedback loop. 

A breakdown below $1.80 would mark JTO’s lowest monthly close and could signal deeper structural weakness. 

However, if historical patterns hold, another move toward $2.50 could be in play, though turning that resistance into support remains JTO’s key hurdle.

Kaia [KAIA] — Public blockchain erased all its two-week gains

Kaia [KAIA] closed the week with an 11% decline, falling from its $0.17 open to $0.15, securing its spot as the third-biggest weekly loser. 

The correction extends last week’s 5.5% drop, fully unwinding the gains from its parabolic rally to $0.21 that had pushed price back to January highs.

The week began with a modest 2.29% dip, but a sharp mid-week rebound off the $0.16 support sparked brief bullish optimism with a 6% bounce. 

However, that move was quickly undone by a 6.72% single-day selloff, likely a liquidity sweep reasserting bearish dominance.

With bears firmly in control and sentiment weakening, KAIA now risks slipping into a broader downtrend. Unless momentum flips quickly, June’s gains could come under serious threat.

Other notable losers

In the broader market, downside volatility hit hard.

Tokenize Xchange [TKX] led the losers with a 43% drop, followed by SOON [SOON], down 38.5%, and MEOW [MEOW], which slipped 38% as momentum sharply cooled.

Conclusion

Crypto was wild this week. Big gains, sharp drops, and nonstop swings kept traders on edge.

As always, do your own research, stay alert, and trade wisely!