• OFFICIAL TRUMP, Raydium, and Flare registered the week’s biggest gains
• Pudgy Penguin, Fantom, and Floki Inu emerged as the week’s biggest losers

The cryptocurrency market delivered another eventful week of trading, marked by dramatic debuts and significant price swings across both established and emerging tokens. While some assets demonstrated remarkable resilience and growth, others faced significant selling pressure, highlighting the market’s volatility.

Biggest winners

OFFICIAL TRUMP

OFFICIAL TRUMP delivered a jaw-dropping performance on its debut trading day, skyrocketing by over 626% to become this week’s standout performer. The token, launched on 18 January, saw its price surge from around $10 to hit highs above $55, demonstrating remarkable momentum and pushing its market capitalization past $11 billion.

The price action revealed aggressive buying pressure throughout the trading session, with each pullback met by fresh waves of demand. Notable consolidation phases around the $30-mark served as launching pads for further advances, while volume spikes accompanied key breakout points. At the time of writing, its volume was over $13 billion.

This explosive growth has catapulted TRUMP to become one of the largest memecoins by market cap within just 24 hours of launch. Its sharp vertical moves and rapid capitalization growth hinted at the potential for significant price swings in either direction. Especially as the market digests this remarkable debut.

Raydium (RAY)

Meanwhile, Raydium (RAY) has established itself as another standout performer this week, climbing from $4.50 to $7.44 following impressive gains of 67%. The token’s price action saw a methodical uptick, rather than the erratic jumps often seen in crypto markets.

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Author: Adewale Olarinde