Crypto Market Surge: Immutable and Monero Dominate Today’s Top Gainers (September 16)

Digital assets roar back as gaming and privacy tokens lead the charge—proving once again that while traditional markets nap, crypto never sleeps.

Immutable's Gaming Revolution

The blockchain gaming platform rockets ahead, leaving legacy finance scratching their heads at how pixels outperform their precious blue chips.

Monero's Privacy Push

Privacy-centric coins flex muscle as regulators worldwide continue their futile attempts to track what they can't see—digital cash doing what cash does best.

Market Momentum Builds

Traders flock to outperformers while Wall Street fund managers still debate whether crypto is 'a real asset class'—meanwhile, portfolios keep stacking satoshis.

Another day, another reminder that while bankers debate quarterly reports, blockchain assets rewrite the rules in real-time. The future's moving fast—better keep up or get left holding yesterday's dollars.

Top Gainers Shine Amid Mixed Trading

Immutable (IMX) was the top-performing token, soaring 9.48% to hit $0.6891, backed by daily trading of $195.6 million. Close behind was Monero (XMR), which climbed 5.90% to reach $318.91, with $149.5 million in trading activity. 

Avalanche (AVAX) also increased, rising 4.09% to $30.13 as trading volume surged to $1.31 billion. Other noteworthy gainers included MYX Finance (MYX), which increased by 3.45% to $10.88, and Zcash (ZEC), up 2.45% at $51.41. 

Declines Among DeFi and Layer-2 Tokens

On the losing side, Curve DAO Token (CRV) took the biggest hit, dropping 5.33% to $0.722, having a trading volume of $159 760,388. Ethena (ENA) also saw a decline of 4.15%, landing at $0.7005. The token had a trading volume of $788,023,388.

Another token is POL, previously known as MATIC, fell by 3.53% to $0.2548. It had a trading volume of $184,165,633.

These two tokens had almost the same rate of decline. Sky (SKY) was trading at $0.07182, having a trading volume of $15,584,802. PENDLE (PENDLE) made the last on the list, trading at $4.76 with a trading volume of 57,497,149. Both tokens experienced a drop of over 3%.

Market Overview

On the derivatives front, the mood seemed cautious. Open interest for perpetual contracts hit $873.43 billion, while futures were at $3.99 billion. 

Bitcoin kept its implied volatility somewhat low at 36.83, pointing toward a stable environment. Ethereum, on the other hand, traded with higher volatility at 65.18, implying that sharp movements might occur.

A chart shared by CoinMarketCap indicated that Inflows into crypto ETFs amounting to $619.6 million were noted on September 15. Bitcoin ETFs led the rally with inflows of $741.5 million on September 10, confirming that institutions still favor Bitcoin.

Altcoins continue to outperform Bitcoin, with IMX and XMR standing out as top gainers. However, declining trading volume shows investors being careful with potential market shifts.

Also Read: Citigroup Expects Ether at $4,300 by End of 2025