Crypto Rollercoaster: SPX Soars While EOS Eats Dust in This Week’s Wild Market Swing

Another week, another round of crypto whiplash—where fortunes flip faster than a trader’s mood during a leveraged long squeeze. Here’s who’s laughing (and who’s crying) into their cold wallets.

SPX: The Bull That Won’t Quit

SPX keeps defying gravity—because apparently, traditional market logic is just a suggestion in crypto-land. Meanwhile, Wall Street still thinks ‘blockchain’ is a type of Peloton accessory.

HYPE & PYTH: The Dark Horses

These two pulled off the rare combo of actual utility and speculative frenzy. A miracle, really, in a market where most whitepapers are just fancy napkin doodles.

EOS: The Ghost Chain Awakens (Briefly)

EOS managed to move—not in price, but in reminding people it still exists. A true underdog story, if the underdog forgot its own wallet password in 2018.

As always, DYOR—unless you enjoy donating your portfolio to the ‘greater fool’ theory’s research fund.

Weekly winners

SPX6900 [SPX] – Memecoin holds the line on short-term hype

SPX6900 [SPX] claimed the top weekly gainer spot with a NEAR 30% surge in valuation.

The week opened with a bearish 2.10% drop, closing at $0.0743, but aggressive capital inflows fueled a 25% rally over three consecutive days.

Despite this momentum window, SPX capitulated to market-wide FUD on the 23rd of May, suffering a sharp 5.09% single-day correction before consolidating tightly around the $0.85 level.

Volume dropped 55.84%, signaling that the short-term HYPE might be fading fast. Without fresh buying pressure, SPX risks slipping back toward $0.77 in the near term.

Worldcoin [WLD] – Utility token catches a mid-week rebound

Worldcoin [WLD] posted a strong 20.38% weekly gain, fueled by risk-on market sentiment.

On the 22nd of May, WLD broke key resistance at $1.30 with a sharp 26.91% intraday surge, closing at $1.51 – a two-month high.

Following the breakout, price retraced to retest the $1.30 level amid broad market FUD. 

The critical factor now is whether $1.30 holds as a support zone, backed by increasing spot volume.

If confirmed, WLD is well-positioned to target a retest of $1.50. Monitoring volume trends will be essential to gauge the sustainability of this move.

Hyperliquid [HYPE] – DeFi challenger squeezes out the bears

Hyperliquid [HYPE] has secured a top-three spot, underpinned by strong technical momentum and bullish market dynamics. After bottoming at $9.32 in mid-April, HYPE embarked on a clear linear uptrend. 

It was supported by sustained buying pressure that systematically squeezed short positions and triggered sizable liquidity sweeps.

The recent weekly breakout saw a surge of short-covering activity as HYPE tested its mid-February resistance near $27. 

The timing couldn’t have been better. The MOVE coincided with Bitcoin’s all-time high, amplifying the short squeeze effect.

Source: TradingView (HYPE/USDT)

Sure, the overbought RSI suggests potential for a local cooldown. However, HYPE’s dominance on the daily gainer board signals otherwise. Its momentum remains firmly in bull territory.

With price structure holding strong above key support levels and shorts continuing to get squeezed, the path of least resistance is still up. 

If follow-through volume kicks in, HYPE could easily extend its rally into next week’s sessions.

Other notable winners

Outside the majors, altcoin rockets stole the spotlight this week. 

Collatrize [COLAT] led the charge with a staggering 160.7% surge, easily dominating the leaderboard. Efinity [EFI] wasn’t far behind, posting a 135.5% jump, while Moonpig [MOONPIG] rallied 101.6%.

Weekly losers

Pyth Network [PYTH] – Oracle token caught in a tug of war

Pyth Network [PYTH] is slipping further down the slope, topping this week’s losers with a sharp 19.27% drawdown.

The drop wasn’t gradual, either. It opened the week with an 11.92% single-day plunge, dragging the price down to $0.13 and marking its lowest level in a month. 

Yet, even at these depressed levels, buyers stayed on the sidelines, showing little appetite for risk. What followed was a low-volume chop, forming a textbook compression range.

Source: TradingView (PYTH/USDT)

Typically, such a pattern is often a prelude to a volatile breakout or breakdown.

However, given the muted on-chain flows and lack of bullish defense, the bias leans bearish.

If bulls fail to reclaim the initiative soon, PYTH could break lower, targeting the $0.10 zone. It is a key structural and RSI support level where dip-buyers might finally step in.

Story [IP] – Internet protocol token regains bullish support

Story [IP] wrapped the week with a 13.39% drawdown, claiming the second spot on the weekly losers board. But there’s more to this chart than just red candles.

Technically, the token is still holding a higher-timeframe structure. 

After opening with a 5.09% drop and two consecutive days of downside pressure down to $4.44, bulls stepped in with a quick 5.33% bounce. 

The relief was short-lived as macro FUD kept upside capped, but that bounce shows buyers are still active at lower levels.

Price has since compressed into a tight range around $4.17, forming a potential base. 

If this level holds and demand steps up, IP could mount a short-term recovery toward the $4.80–$5.00 supply zone.

Momentum is neutral for now, but this type of sideways structure often precedes a breakout. Keep an eye on – IP could be gearing up for its next move.

Eos [EOS] – 3rd-gen blockchain slips deeper into decline

Eos [EOS] extended its weekly losing streak with a near 10% slide, placing it among the top underperformers once again.

After opening the week with a 4.09% dip to $0.75, EOS was denied a breakout just shy of the psychological $1.00 level.

In return, triggering a wave of selling pressure as bulls failed to flip resistance. The rejection came right as market-wide macro fears kicked in, amplifying the downside move.

But zoom in, and signs of life are emerging. EOS has posted a 3.5% rebound over the past 48 hours, with buyers stepping in near the $0.80 zone – a level now acting as a possible local floor.

If this bounce turns into a higher low and volume ticks up, it could trap late shorts and fuel a short-term squeeze.

A reclaim of $0.85 with confirmation WOULD open the door for a run back toward $0.95–$1.00, especially if broader risk appetite returns. Keep an eye on this one. EOS might not be down for long.

Other notable losers

In the broader market, downside volatility hit hard. 

Hot Mom [HOTMOM] led the weekly losers with a steep 61.4% retracement. APF Coin [APFC] and NEM [XEM] followed closely, sliding 44.6% and 38.2%, respectively.

Conclusion

Crypto brought chaos again this week — big gains, tough losses, and nonstop swings to keep traders guessing.

Remember: DYOR before jumping in. Stay sharp, trade smart, and ride the waves wisely!