As Ethereum breaks past the $3,000 mark, altcoins are experiencing a significant surge in momentum. Leading the charge are meme coin Pepe (PEPE), decentralized exchange Uniswap (UNI), and presale standout Remittix (RTX). PEPE has recorded an impressive 22% weekly gain, with its open interest on Binance reaching $1 billion, signaling strong bullish sentiment. Uniswap continues to dominate the decentralized exchange (DEX) space, with rising active addresses highlighting its growing appeal in the DeFi sector. Meanwhile, Remittix has made waves with its presale, raising $16.2 million and positioning itself as a project to watch. This renewed altcoin activity underscores the broader market Optimism driven by Ethereum's upward trajectory.
Pepe, Uniswap, and Remittix Gain Momentum as Ethereum Targets New Highs
Ethereum's surge past $3,000 has reignited altcoin season, with meme coin Pepe (PEPE), decentralized exchange leader Uniswap (UNI), and presale standout Remittix (RTX) emerging as top contenders. PEPE's 22% weekly gain and $1 billion open interest on Binance signal bullish momentum, while UNI's dominance in DEX volume and rising active addresses underscore its DeFi appeal. Remittix's $16.2 million presale haul highlights growing institutional interest.
Pepe eyes a breakout above $0.000014, a threshold that could propel it toward $0.000018. Uniswap's $2.47 billion weekly volume—up 22%—cements its position as the liquidity backbone of ethereum trading. Both tokens benefit from ETH's price strength, which is driving capital rotation into high-beta crypto assets.
Tether Mints $2B in USDT as Supply Surpasses $160 Billion Amid Bitcoin Rally
Tether has minted an additional $2 billion of its USDT stablecoin on the Ethereum blockchain, pushing its total supply to a record $160 billion. The move coincides with Bitcoin's rally to new all-time highs above $120,000, signaling heightened trading activity across cryptocurrency markets.
Binance received $1 billion of the newly minted USDT, reinforcing its position as the primary liquidity hub for crypto trading. Tether CEO Paolo Ardoino characterized the minting as an inventory replenishment for future issuance rather than immediate circulation.
The stablecoin issuer now holds over $127 billion in US Treasury reserves, placing it among the world's largest debt holders. USDT's multi-chain expansion continues with $74 billion on Ethereum, $81 billion on Tron, and growing footprints on Solana, TON, and Avalanche.
Tether Mints $2B USDT Amid Bitcoin's Rally to $119K, Highlighting Institutional Demand
Tether, the dominant stablecoin issuer, has minted $2 billion in new USDT tokens, with half immediately transferred to Binance. This liquidity surge coincides with Bitcoin's sharp rebound to $119,000, suggesting institutional players are positioning for volatility.
USDT's circulating supply now exceeds $160 billion, up from $118.4 billion in August 2024. CEO Paolo Ardoino frames this growth as part of a global shift toward blockchain-based dollars, particularly in emerging markets.
The Binance-bound $1 billion injection signals heightened trading activity expectations. Such large-scale minting events historically precede significant market movements, whether rallies or corrections.
Traders Bet Big on Hedera (HBAR) Amid Resistance Retest
Hedera's HBAR token is retesting a critical resistance level at $0.26, a threshold that triggered a 50% price collapse earlier this year. Currently trading at $0.237 with a 1.6% daily gain, the market watches closely to see if bulls can break through or face another rejection.
Derivatives traders on Binance show strong conviction, with 66.02% holding long positions and a Long/Short Ratio of 1.94. This optimism persists despite the overhead resistance that could invite counter-trades if the level holds.
Exchange outflows tell a parallel story—$4.48 million worth of HBAR left platforms in 48 hours, signaling accumulation during the pullback. The combination of futures positioning and spot market movements suggests building pressure for a potential breakout.
