Several altcoins posted impressive gains on Sunday, despite the global cryptocurrency market remaining slightly bearish.
The total cryptocurrency market capitalization is currently at around $2.7 trillion. That’s down 0.63% in the last 24 hours.
Bitcoin (BTC) is trading below the $83,000 level, while Ethereum (ETH) has slipped 2.2% to $1,837.
FunToken (FUN) has doubled in value over the past 24 hours, while MMX and Enzyme (MLN) have also seen notable price increases.
FunToken has surged 101.3% in the last 24 hours, trading at $0.006304 from a low of $0.003132. This price action continues a week-long rally that has seen FUN climb nearly 200% in just seven days.
Despite the impressive gains, FunToken hasn’t announced any major developments or partnerships that would typically drive such price movement. The token has also surfaced as one of the top gainers on Binance.
One market analyst highlighted FUN’s potential on social media, noting its weekly chart pattern and suggesting a possible additional 2x gain due to the current high trading volume.
Second on the list as per CoinGecko is MMX. The token has climbed 79.9% in the past 24 hours, reaching $0.5586 from $0.2704.
Interestingly, MMX’s current rally comes after a period of sustained decline, with the token down approximately 15% over the past week, 40% over the last month, and 73% over the past year. Like FunToken, there are no clear fundamental drivers behind MMX’s sudden price spike.
Third on the list is Enzyme (MLN), which has jumped 32.3% in the last 24 hours, trading as high as $11.33 from a low of $8.55.
Enzyme has a clear catalyst for its price movement unlike the other surging tokens. The project was recently nominated in five categories at the upcoming Hedgeweek Global Digital Assets Awards 2025, bringing positive attention to the protocol and its native token.
Source link
