Last week's Crypto Assets rise and fall rankings: OKB big pump 160% leads the way, AERO, SPX, PENGU become the focus.

Last week's Crypto Assets market was thrilling — driven by expectations of interest rate cuts, Bitcoin (BTC) briefly broke through $123,000, but inflation concerns quickly pulled the price back to $117,000, dragging some alts down. However, mid-cap coins and some popular Tokens attracted funding attention against the trend, becoming market highlights.

OKB: The Destruction Mechanism Triggers a 160% Surge

OKB (OKB) became the biggest winner last week, soaring over 160% from $46.57, and skyrocketing 125% in a single day on August 13, reaching an all-time high of $142.

The driving force comes from the destruction of 65.2 million Tokens, leading to a sharp contraction in supply. Although the price fell back to $122 after the RSI entered the overbought zone, the trading volume grew by 192% and volatility exceeded 7%, indicating that bullish momentum remains strong.

If the buying momentum continues, OKB is expected to challenge the resistance level of 130 US dollars again, and even refresh its ATH.

AERO: Bulls Break Through Two Resistance Levels

Aerodrome Finance (AERO) rose 22% last week, standing above $1 for the first time since the first quarter.

In the early trading session, the bears pressured the market, causing a 6% drop, but the next day it rebounded 11%, quickly reclaiming lost ground and breaking through the supply barriers of $1.30 and $1.40.

If the upward momentum continues, AERO is expected to reach $1.50 this season, and even challenge $2. However, if the momentum weakens, a pullback may still occur.

SPX: Sharp Drop of 20% After Breaking Support

SPX6900 (SPX) became the coin with the largest decline last week, dropping 20% from $1.94, failing to hold the support levels of $1.90 and $1.70.

Although it had risen by more than 20% in the previous week, this week the bears successfully suppressed the bulls' liquidity, dragging the price below $1.50. Yesterday's rebound of 6.55% shows a return of buying interest, but to reverse the trend, it still needs to stabilize above key support in the coming days.

PENGU: NFT heat cools down, down by 17%

Pudgy Penguins (PENGU) fell by 17% last week, dropping from $0.04 to $0.03.

Last week, it opened and dropped by 9.65%, and after failing the first support test on August 14, it fell another 11%.

Due to the lack of memecoin-style FOMO effect, coupled with a decline in market risk appetite, the likelihood of a significant rebound in the short term is low.

Market Observation and Trend Summary

Top of the Gain Board: OKB exploded supply and demand imbalance due to the destruction mechanism, AERO technically broke multiple resistances.

Decline leaderboard focus: SPX plummeted after breaking support, PENGU is under pressure due to the cooling of NFT enthusiasm.

Market Sentiment: Although Bitcoin has retreated, some medium-sized coins and thematic tokens still attract capital inflow, indicating that the capital rotation effect still exists.

Conclusion

Last week's Crypto Assets market once again proved that capital rotation and thematic heat have a huge impact on prices. For traders, following the fundamentals and technical signals of Tokens, combined with market sentiment judgment, will be the key to capturing the next wave of market trends.