MemeCore Surges 10.41% as Algorand, Injective, Cardano Gain Amid Market Volatility
The cryptocurrency market saw significant changes on August 3, with some coins experiencing notable gains and others slipping. MemeCore led the charge among gainers, surging 10.41% to $1.22 as fresh demand for altcoins drove its price higher. Algorand also made a strong showing, gaining 6.87% to reach $0.08536.
Injective added 2.04% to trade at $5.03, thanks in part to the launch of its AI Agent SDK on X. Cardano climbed 1.26% to $0.1857, with investors gaining confidence ahead of its upcoming scaling phase. Ethena edged up 1.2% to $0.08822, with its assets on Robinhood Chain topping $200 million just one month after launch.
On the losing side, Pump.fun fell 8.42% to $0.002072 after a layoff report shook trust in the coin. Ondo dropped 5.8% to $0.3709 with no fresh news to lift it, tracking a sector-wide dip in real-world asset tokens. Lighter slid 5.78% to $1.99, and Pi eased 3.31% to $0.08349 as Bitcoin and the total market slipped.
Rising liquidations suggest many leveraged traders got caught off guard by today's swings, which saw a jump of 57.45% to $103.54 million in liquidated positions. The Fear and Greed score holds at 34, remaining deep in 'Fear' mode.