The crypto markets had a volatile week.
FUD dominated headlines after Drift Protocol suffered a $280 million exploit. Regulation also came into focus, while stablecoins were a bright spot, attracting $1.24 billion in weekly inflows.
Big picture: This week was about risk, regulation, and resilience. Amid this environment, a few select coins still managed to pull off significant rallies, while others suffered massive losses.
Weekly winners
Algorand [ALGO] – L1 blockchain defended a key level, preventing a deeper downside
Algorand [ALGO] emerged as this week’s standout performer, posting a 43.85% weekly gain. What makes this move particularly interesting is the context.
After suffering around 15% losses in Q1, ALGO kicked off Q2…
