Despite panic sell-offs and massive liquidations in the crypto market, there are a few altcoins that have seen positive gains lately.
It’s not news that the crypto market is wobbling under the weight of macroeconomic volatility, but a handful of altcoins are defying the odds. XRP, Bittensor’s TAO, and Sonic are some of the best performers in the last 24 hours.
These Altcoins Are Up
Sonic is up 15% in the last 24 hours, while TAO is up 11.9%, and XRP is up 2.5%, a more modest increase compared to other coins today. TKX is also up 10.5%, while FLR is up 23.3%, making it the biggest gainer today.
However, most of the top coins by market cap are in the deep red today, as data from CoinGecko shows:
TRON’s native token, TRX, has also seen modest gains. According to blockchain analytics from Glassnode, a commanding 84.6% of TRX and 81.6% of XRP’s circulating supply remain in profit—offering a rare sign of strength while other assets bleed red.
Crypto Market Shows Signs of Recovery
This comes as the broader crypto market begins showing tentative signs of recovery, but it seems short-lived. In the last 24 hours, Bitcoin reclaimed $82,105 with a 7% gain but quickly fell back to 78K.
Meanwhile, XRP is trading at $1.90, up nearly 5% in the past week. What’s holding these coins up? For XRP, the answer might lie in a growing institutional appetite. Ripple’s acquisition of Hidden Road, alongside the launch of the first leveraged XRP ETF in the U.S., has added significant credibility and exposure.
Meanwhile, TRX continues to dominate stablecoin flows across Asia and remains a go-to network in emerging markets due to its low fees and transaction speed.
Both tokens also benefit from narratives that stretch beyond price action; for XRP, it’s a post-SEC clarity era that positions it as one of the few large-cap assets with legal certainty in the U.S. For TRON, it’s the continued buildout of its DeFi ecosystem and real-world usage across payment rails.
