pippin spikes 26.01% to lead altcoins as Zcash drops — Feb 23

pippin (PIPPIN) jumped 26.01% to $0.6220, topping the gainers list, according to CoinGecko data. Zcash (ZEC) dropped 9.81% to $233.47 to lead the day’s decliners. Other notable moves included Solana (SOL) down 8.62% to $77.87 and Uniswap (UNI) off 8.56% to $3.29.

Top Gainers

pippin (PIPPIN) rose 26.01% to $0.6220, lifting its market cap to $624.65M. The move was the session’s largest among the tracked names here. There was no widely cited catalyst accompanying the jump. Volatility in mid-cap tokens can be amplified when liquidity is uneven.

Kite (KITE) advanced 15.48% to $0.2580, valuing the token at $468.77M. No specific news has been tied to the move. With a sub-$500M market cap, price swings can accelerate when order books thin or spreads widen.

MemeCore (M) gained 1.82% to $1.38, bringing its market cap to $2.39B. The token sits in the larger meme-adjacent cohort by capitalization. The day’s percentage move was modest compared with smaller caps on the leaderboard.

Tether Gold (XAUT) added 0.91% to $5,146.51, with a market cap of $2.68B. Traders pointed to broader altcoin rotation. XAUT represents tokenized exposure to gold reserves via a Tether-affiliated product, offering bullion-linked price action on-chain.

See also: Decred Surges 17.67% as Select Altcoins Rise — Daily Movers Feb 22.

Provenance Blockchain (HASH) inched up 0.89% to $0.0175, pushing market cap to $962.04M. HASH is the native asset of Provenance, a blockchain used by financial firms for asset origination and tokenization. The 0.89% gain was the smallest among today’s listed advancers, but it kept the network just under the $1B capitalization threshold.

Top Losers

Pump.fun (PUMP) fell 10.32% to $0.001892, with market cap at $1.12B. The token is tied to the Pump.fun launch platform associated with memecoin issuance. There were no prominent headlines tied to the session’s pullback. The drawdown put PUMP at the top of the day’s loser board by percentage.

See also: Ethereum Classic Jumps 8.66% as Altcoins Climb — Daily Movers Feb 21.

Zcash (ZEC) slid 9.81% to $233.47, bringing its market cap to $3.86B. ZEC is a privacy-focused cryptocurrency utilizing zero-knowledge cryptography for shielded transactions. Privacy tokens often exhibit higher volatility during risk-off stretches, and ZEC’s decline ranked second among the session’s laggards by percentage.

Ethena (ENA) declined 8.78% to $0.0963, placing its market cap at $792.46M. ENA is associated with the Ethena protocol, known for its synthetic dollar product architecture. Project-specific headlines were quiet during the drop. At a sub-$1 price point, relatively small absolute moves can translate into sizable percentage swings.

Related coverage: XRP perpetuals funding drops to lowest level in ten months.

Solana (SOL) dropped 8.62% to $77.87, with a market cap of $44.30B. SOL secures a high-throughput Layer 1 network that powers active DeFi, NFT, and memecoin markets. The pullback was one of the sharper moves among large-cap tokens listed today. The decline widened the performance gap between mega-cap and mid-cap names in this session’s snapshot.

Uniswap (UNI) fell 8.56% to $3.29, taking market cap to $2.09B. UNI governs the Uniswap protocol, a leading automated market maker facilitating on-chain swaps. The token’s slide tracked weakness across several high-profile altcoins on the day. There was no immediate token-specific trigger flagged in public trading chatter.

Market Outlook

The day’s dispersion was wide: the top gainer rose 26.01% while the biggest loser shed 10.32%. Outside the extremes, advances were concentrated in low single digits, and most declines clustered between 8% and 10% among the names highlighted.

Into the next session, watch BTC and ETH liquidity during U.S. hours, spot ETF flow prints, and any policy-sensitive macro data that could sway risk appetite. Token-specific calendars remain catalysts, but today’s board suggests idiosyncratic flows are driving the tape.