Zcash (ZEC) jumped 28.13% to $323.53 on April 8, topping the gainers board, according to CoinGecko data. LayerZero rose 18.11% to $2.08, Rain climbed 17.25% to $0.007592, Sui added 12.09% to $0.9740, and Ethena gained 10.61% to $0.0908. On the downside, JUST fell 3.92% to $0.0622, while MemeCore, Canton, Ondo US Dollar Yield, and TRON ticked lower.
Top Gainers
Zcash (ZEC) jumped 28.13% to $323.53. The privacy-focused network employs zk-SNARKs to enable shielded transactions and previously implemented NU5 with Halo to remove trusted setup requirements. The rally lifted ZEC’s market capitalization to $5.38B, placing it among the day’s largest movers by value. Zcash continues to serve as a bellwether for privacy narratives during risk-on sessions.
LayerZero (ZRO) rose 18.11% to $2.08. No specific news has been tied to the move. LayerZero is an interoperability protocol for cross-chain messaging, and ZRO functions as the network’s governance and incentive token. With a $524.81M market cap, ZRO remains a mid-cap that can swing sharply when liquidity concentrates in bridges and messaging plays.
Rain (RAIN) climbed 17.25% to $0.007592. With a $3.63B market cap, the token’s low unit price makes percentage shifts sensitive to small absolute moves. At sub-cent pricing, incremental ticks can translate into double-digit percentage changes given large circulating supplies. The move pushed RAIN among the session’s higher-beta performers by headline percentage terms.
Sui (SUI) advanced 12.09% to $0.9740. Built by Mysten Labs, Sui is a Layer-1 that uses Move and parallelized execution to target high throughput and faster finality. Traders pointed to broader altcoin rotation. The gain took SUI’s market cap to $3.85B, extending its recovery push within the Layer-1 cohort.
Ethena (ENA) added 10.61% to $0.0908. Ethena underpins USDe, a synthetic dollar that uses delta-hedged crypto collateral and off-exchange hedging, alongside sUSDe for yield distribution. ENA is used for governance and incentive alignment across stabilization and liquidity programs, with a market cap of $794.55M. The move puts ENA near the front of mid-cap tokens tied to yield and synthetic-dollar infrastructure.
Top Losers
JUST (JST) fell 3.92% to $0.0622. JST is associated with the TRON-based JUST DeFi suite, which includes lending and stablecoin components that rely on on-chain collateralization. The drop left JST with a $548.57M market cap, the steepest decline among today’s tracked names. Price remains within recent ranges despite the slip.
MemeCore (M) slipped 3.84% to $2.63. The token’s market capitalization registered $4.61B after the pullback. The move contrasted with strength in several mid-cap gainers, suggesting mixed risk appetite across segments. M’s decline was contained and did not erase prior-week advances implied by current pricing.
Canton (CC) declined 1.96% to $0.1450. Post-move market capitalization sits at $5.55B. The modest dip kept CC close to recent levels as attention shifted to higher-volatility names on the day. Liquidity concentration elsewhere likely muted any rebound attempts.
Ondo US Dollar Yield (USDY) eased 1.41% to $1.11. USDY is a tokenized note from Ondo that accrues U.S. dollar yield via short-duration Treasuries and cash-like instruments. Because it tracks yield rather than a hard $1 peg, minor deviations around par on secondary markets are common. The day’s move put USDY’s market cap at $1.30B.
TRON (TRX) edged lower 0.54% to $0.3147. TRX powers the TRON Layer-1, which processes high volumes of stablecoin transfers with low fees and fast settlement. After the mild dip, TRX’s market cap stands at $29.83B, far larger than most names moving today. The small decline came amid outsized rallies in select mid-caps.
Market Outlook
The spread between top movers widened, with the leading gainer Zcash up 28.13% while the biggest decliner JUST slipped 3.92%. Gainers clustered in double digits from 10.61% to 28.13%, whereas losers were largely contained within a 0.54% to 3.92% range.
Focus now shifts to whether momentum persists in privacy and interoperability names after today’s outsized prints, and if large caps like TRX stabilize. Watch for follow-through in altcoin breadth relative to majors and any rotation cues from derivatives funding and spot liquidity into higher-cap names.
