Author：Encryption Jianghu
Another week in crypto, another round of surprises!
Markets didn’t explode, but they didn’t crumble either. Top dogs Bitcoin [BTC] and Ethereum [ETH] stacked some respectable gains, while the rest of the top 10 decided to finish the week in the green.
So grab your drink of choice, settle in, and let’s break down how your favorite coins actually performed this week.
Weekly winners
Aave [AAVE] — A strong climb up
Aave [AAVE] had a surprisingly strong week, climbing 13.5%. The coin saw a steady grind higher after finding support near the mid $160s, with candles finally turning consistently green.
The RSI indicated that the move wasn’t overstretched yet, while the MACD curled upward. The tides are shifting back in AAVE’s favor.
Source: TradingView
But the real story is what you probably missed.
A mystery whale bought 60,000 AAVE worth $10.68 million through Galaxy Digital OTC just days ago, bringing their total haul since October to $59.93 million worth of AAVE.
Their average buy-in sits around $218, meaning they’re still sitting on $13.8M in unrealized losses. This is confidence that retail rarely ever matches.
Pair that with AAVE generating $125M in annualized revenue with almost zero token incentives, and the recent price recovery starts to look a lot more solid.
Ethena [ENA] — A bounce ahead of a major unlock
Ethena [ENA] surged 22.85% this week as it continued to recover from last week’s lows. There was a steady uptrend, with candles consistently pressing against the mid-Bollinger Band. Looked like buyers are slowly regaining control.
RSI was neutral at the time of writing, so there’s still room for upside if momentum keeps building. Even OBV, which had been sliding for weeks, was stabilizing.
But the real test comes next.
ENA has a major token unlock on the 2nd of December, with 94.19M tokens set to hit the market (1.27% of supply, worth $26.87M). That’s the second-largest unlock of the week across all major projects.
Despite that looming supply pressure, ENA’s price strength means traders are either front-running the event. If not that, then they could be convinced that the unlock won’t meaningfully derail the recovery.
Kaspa [KAS] — Mammoth breakout powered by light liquidity
Kaspa [KAS] had a huge week, surging 47.4% and breaking cleanly above its key resistance zones. The coin moved up from the $0.045 region, with price blasting through the high-volume node on the VRVP.
Buyers probably pushed past the area where most trading had previously taken place.
Once that wall was cleared, KAS had room to run, and it did exactly that.
The RSI showed how strong the change of pace was, even if things look a bit stretched in the short term.
Part of this rally came down to how thin the sell side has been across several exchanges. With fewer asks stacked in the order books, even normal-sized buy orders were enough to push the price higher than usual.
And with a large chunk of the supply sitting untouched for over a year, long-term holders seemed unfazed.
Other notable winners
Outside the majors, a few unexpected names stole the spotlight.
According to CoinGecko, BOTXCoin [BOTX] absolutely exploded, jumping a massive 2964% in just seven days; easily the biggest mover of the week.
Tradoor [TRADOOR] followed with a strong 256.7% surge, with noticeably higher trading activity. And Tomi [TOMI] rounded out the winners, climbing 240.9% despite relatively low volume.
Weekly losers
ZCash [ZEC] — A rough week with higher pressure
Zcash [ZEC] had a tough week, sliding 18.6% and falling back toward the lower end of its recent range. ZEC slipped below a key high-volume zone on the VRVP, which usually acts as support.
Once that level gave way, sellers stayed in control.
The DMI confirmed the weakness. Bearish momentum still dominated, while the ADX rose; that means the downtrend got stronger. The RSI was near oversold territory, that’s how weak momentum has been.
Source: TradingView
Even the broader market’s bounce didn’t do much for ZEC. Sentiment took another hit when Bitcoin maxi Max Keiser chimed in, claiming the “pump and dump” was over and predicting a possible drop.
At press time, ZEC is managing… but until it reclaims stronger volume zones or shows a proper reversal, the downtrend still has the upper hand.
Aster [ASTER] — Tough week, but big month ahead
Aster slipped 11% this week, extending its drift downward on the charts. Price showed lower highs and lower lows, while the RSI was weak, but not yet oversold.
Momentum clearly leaned bearish, with buyers struggling to defend the $1 zone.
But despite the dip, sentiment online is heating up. One X user summarized December as a “countdown to a supply shock,” with a packed schedule: token burns, buybacks, airdrop claims, major events, and the L1 testnet.
In a more formal read, it’s a month of reduced supply, increased demand mechanisms, and heightened visibility. The tide could change.
Memecore [M] — A heavy hit
Memecore [M] had a rough week, dropping 35%; one of its steepest declines in recent months. The chart showed a big downtrend, capped off by a massive red candle. Selling pressure is high.
The RSI was deep in oversold territory, which basically means sellers have been in full control. The MACD was also firmly bearish, with widening red bars and both lines trending down.
Momentum’s weak, confidence is low, and buyers haven’t stepped in yet. If there’s any silver lining, it’s that oversold levels sometimes attract short-term rebounds.
For now, the market mood around M remains cautious.
Other weekly losers
The slump extended to several mid-cap tokens. Fasttoken [FTN] led the declines at press time with a 51.7% weekly drop, sliding to $0.8514 on modest volumes.
Sahara AI [SAHARA] followed, falling 47% despite posting over $300 million in weekly trading activity. DeAgentAI [AIA] also retreated 40.2%, closing the week at $0.4031.
And that’s your week!
Some coins flexed, some coins fumbled. Narratives can shift overnight, and sometimes the biggest moves come from the least expected corners of the market.
As always, take all of this as a guide, not gospel. Stay curious, stay skeptical, and make sure to DYOR before you ape into anything.
Final Thoughts
• AAVE, ENA and KAS saw double-digit gains while ZEC, ASTER and M pulled the market down.
• Whales and unlocks drove sentiment.
