Internet Computer (ICP) jumped 6.82% to $2.56, topping the gainers list, according to CoinGecko data. Midnight (NIGHT) dropped 11.33% to $0.0466 to lead decliners, with weakness extending to PI, DCR, OKB, and ZEC. Rotation remained selective as Hyperliquid (HYPE), MemeCore (M), and Render (RENDER) posted modest advances alongside ICP.
Gainers
Internet Computer (ICP) rose 6.82% to $2.56, lifting its market cap to $1.41B. The DFINITY-built network runs “canister” smart contracts compiled to WebAssembly and aims to host web-scale applications on-chain. Its architecture features chain-key cryptography and subnets designed to increase throughput without sharding complexity. The move keeps ICP in the mid-cap bracket after a period of muted trading ranges earlier this month.
JUST (JST) added 4.98% to $0.0529, bringing its market cap to $466.92M. JST is the governance and utility token for the TRON-based JUST ecosystem, which supports collateralized debt positions and stablecoin functionality. No specific news has been tied to the move.
Hyperliquid (HYPE) advanced 3.90% to $36.10, with a market cap of $8.63B. HYPE is the token for Hyperliquid, a decentralized derivatives venue known for on-chain order books and perpetual futures markets. The protocol emphasizes low-latency matching and deep liquidity within a purpose-built L1 environment, and the token underpins governance and incentives for the exchange’s ecosystem.
MemeCore (M) climbed 2.99% to $1.47, bringing its market cap to $2.56B. The M ticker under the MemeCore brand reflects the speculative meme segment where liquidity and momentum can shift quickly. Traders pointed to broader altcoin rotation. The day’s move nudged M further into large-cap territory among meme-oriented names.
Render (RENDER) gained 2.91% to $1.50, valuing the network at $781.12M. Render links artists and developers with distributed GPU providers, using its token for rendering jobs and network coordination. The project has positioned itself at the intersection of content creation and high-performance compute, where on-demand GPU access is central to workloads. Today’s advance extends a mild upswing that has persisted through the week.
Losers
Midnight (NIGHT) fell 11.33% to $0.0466, with market cap at $774.87M. NIGHT is associated with a data-protection blockchain initiative focused on confidentiality for smart contracts, drawing on research around zero-knowledge techniques and formal privacy guarantees. The slide made it the session’s worst performer on the list. Price action pushed NIGHT back toward levels seen during recent consolidations.
Pi Network (PI) dropped 6.05% to $0.2190, taking its market cap to $2.11B. Pi Network promotes mobile-first mining and gradual decentralization, with its token distribution tied to user onboarding mechanics and app engagement. Trading for PI has historically been fragmented across venues, complicating price discovery compared with large-cap L1s. Today’s decline kept PI among the day’s more volatile mid-to-large caps.
Decred (DCR) retreated 4.68% to $27.67, with a market cap of $478.66M. Decred uses a hybrid proof-of-work and proof-of-stake model with on-chain treasury funding and a long-running focus on governance. The asset has also implemented privacy features and periodic consensus upgrades over years of development. The pullback left DCR lagging peers that eked out gains.
OKB (OKB) slipped 3.90% to $94.36, putting its market cap at $1.98B. OKB serves as the utility token for the OKX ecosystem, where it is used for trading fee discounts, products access, and exchange-specific promotions. The token’s economics are influenced by buyback-and-burn programs and activity levels across OKX’s spot and derivatives markets. Today’s decline kept OKB on the back foot as exchange-linked assets traded mixed.
Zcash (ZEC) eased 2.47% to $213.25, valuing the network at $3.54B. Zcash is a privacy-focused coin featuring zk-SNARKs, enabling shielded transactions with selective disclosure. The protocol supports both transparent and shielded addresses, balancing auditability with confidentiality. The downtick placed ZEC among the session’s laggards, though losses were smaller than those at the top of the losers list.
Market Outlook
Dispersion stayed wide: the top gainer rose 6.82% while the biggest loser shed 11.33%. Large-cap DeFi and infrastructure names such as HYPE at $8.63B and RENDER at $781.12M saw bids, while privacy- and exchange-linked tokens underperformed.
Into the next session, watch funding-rate shifts on major perpetuals and any exchange listing or delisting headlines that could skew order flow. U.S. trading hours liquidity and weekend basis moves remain key near-term signals for whether today’s selective rotation persists.
