Cronos Surges to Top as Select Altcoins Record Notable 24-Hour Gains

CoinMarketCap
01 Jun
  • Cronos leads top 100 with 8.3% gain amid renewed altcoin interest and $101M volume.
  • TAO, BCH, and QNT post strong price and volume gains in mixed market session.
  • XRP tops trading volume at $2.95B despite under 1% price change, signaling high activity.

Cronos (CRO) led the daily performance chart among the top 100 cryptocurrencies, posting an 8.30% increase to trade at $0.1071. The move placed the token at the top of the leaderboard in a market session characterized by mixed short-term rallies. CRO’s trading volume reached $101.26 million over the 24 hours, signaling renewed interest in the asset amid a broader uptick in altcoin activity.

The surge in CRO’s price was part of a broader market trend where several infrastructure, DeFi, and meme-based tokens recorded modest to moderate gains. While overall market momentum remained scattered, a handful of assets stood out with significant volume and price action.

TAO, BCH, and QNT Post Double-Digit Volume in Bullish Move

Bittensor (TAO) followed behind CRO with a 6.54% gain, pushing its price to $413.31. Trading activity around TAO remained elevated, with a reported volume of $236.1 million, making it one of the most actively traded assets of the session.

Bitcoin Cash (BCH) also posted a strong performance, increasing by 4.66% to $419.47. It recorded a high daily volume of $329.36 million, indicating increased demand and significant market turnover. Quant (QNT) advanced by 4.95% to $111.05, backed by a trading volume of $27.79 million, reflecting a moderate uptick in investor participation.

Meme and DeFi Tokens See Sharp Volume Spikes

Fartcoin (FARTCOIN) was among the gainers, rising 4.12% to $1.09. Despite its smaller market capitalization, the token posted a high 24-hour volume of $166.46 million. Virtuals Protocol (VIRTUAL) climbed 2.88%, showing one of the highest daily volumes of the session at $455.61 million.

Story (IP) recorded a 2.91% price increase, reflecting modest momentum within the infrastructure category. DeFi token Aave (AAVE) and layer-one protocol XDC Network (XDC) both rose 2.18%, with AAVE reaching $251.54 and XDC moving to $0.06139.

Nexo advanced by 2.14%, while Pendle gained 1.56%. Official Trump, a meme coin linked to political branding, moved up by 1.44% to remain in the top gainers list. The asset showed major market interest with $662.57 million in trading volume.

XRP Dominates in Volume Despite Limited Price Change

XRP recorded a modest 0.91% gain over the 24 hours. However, the asset’s trading volume was the highest among the mentioned tokens, totaling $2.95 billion. Despite the limited price movement, the continued high trading volume suggests sustained market engagement with the asset.

Other tokens such as Sky, Mantle, and Four posted smaller gains between 0.40% and 1.24%. These movements contributed to the session’s overall tone of cautious optimism, as select altcoins showed upward price adjustments supported by varying levels of trading volume.

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