24 hour altcoin gainers you can’t ignore

PYTH and CRO rose about 48% and 38% over 24 hours, leading altcoin performance as Cronos-linked tokens reacted to a new treasury venture and oracle markets priced fresh headlines and listings.CRO’s move tracked a three-way deal to create a publicly traded CRO-focused treasury vehicle.Trump Media & Technology Group, Crypto.com, and the Yorkville SPAC disclosed plans for “Trump Media Group CRO Strategy,” funded with $1 billion in CRO, $200 million in cash, $220 million in warrants, and an additional $5 billion equity line, with Yorkville to relist under ticker MCGA.Related details appeared in filings and press summaries, including Crypto.com’s agreement to buy $50 million of Trump Media stock and Trump Media’s $105 million CRO purchase. Liquidity then rotated across Cronos applications.VVS Finance, up 36%, the chain’s largest DEX, posted sharp short-term jumps in fees and DEX turnover on DefiLlama’s trackers, aligning with a chain-wide uptick in activity.Loaded Lions’ LION, up 11%, the utility token tied to Crypto.com’s flagship NFT brand, benefited from the same Cronos flow impulse. LION’s connection to the Crypto.com ecosystem is set out in product notices and launch materials.PYTH’s spike followed market structure changes rather than protocol economics. Pyth stated on its official channels that the U.S. Department of Commerce selected the network to verify and publish economic data on-chain, naming quarterly GDP as an initial dataset.SharpTrade commented, “Pyth is literally the national treasury now. US government just made a crypto oracle its official accountant 🔮,” which the official Pyth account confirmed. Separately, incremental liquidity support arrived this week as OKX enabled PYTH margin trading, adding leverage and borrow routes that can accelerate spot-derivatives feedback loops. Broader Pyth distribution and publisher growth remain documented in the project’s materials.DRIFT’s advance (11%) aligned with activity on Solana perps. The protocol introduced a new fee schedule effective Aug. 5 that tiers maker and taker fees by 30-day volume and introduces additional rebates for DRIFT stakers, per the team’s update page.Usage metrics over the past day and week stayed elevated on DefiLlama’s derivatives view, with fees and revenues trending higher alongside volumes.Top Gainers 24 hoursFlows at the index level provided the backdrop. Spot Ethereum ETFs recorded large net inflows in recent sessions, including Aug. 21 totals across issuers and earlier record daily highs this month, according to Farside Investors’ live dataset.When Ethereum leads on primary market demand, higher beta assets often catch residual bid as liquidity extends down the curve, a pattern consistent with today’s distribution across PYTH, CRO, VVS, LION, and DRIFT.The day’s tape therefore reflects discrete catalysts, namely a planned CRO treasury company, Pyth being tapped by the US government, and exchange market-structure additions, all moving within a risk-on setting shaped by recent Ethereum ETF inflows.Mentioned in this article



Source link