🚀 Kyber Network Crystal Soars 90% While XRP Takes a Breather After Rally

DeFi's dark horse makes a blistering run as payments token cools off

Kyber Network Crystal (KNC) just pulled off a gravity-defying 90% surge—leaving bagholders cheering and short sellers scrambling. Meanwhile, XRP bulls are catching their breath after last week's rally, proving once again that crypto moves faster than a Wall Street intern deleting incriminating Slack messages.

The KNC rocket ride

No fancy fundamentals here—just pure, unfiltered crypto volatility at work. Kyber's token went vertical as liquidity mining incentives kicked in, proving DeFi degens will chase APY like dogs chasing parked cars.

XRP's cooldown phase

The payments token dipped after its recent run-up, because nothing tanks momentum like actual usage. Ripple's ongoing SEC drama continues to cast shadows, but since when has legal uncertainty ever stopped crypto traders?

As the market digests these moves, one thing's clear: in crypto, the only constant is whiplash. And the occasional rug pull—but that's a feature, not a bug.

‘Everyone keeps working hard‘

Kyber Network Crystal, over the last 24 hours, reached $0.6118 from a low of $0.3131. The surge comes months after Kyber Network launched its KyberSwap Crosschain platform in late May.

Tran took to X to address the token’s notable performance. He also posted a screenshot of the surge alongside a message emphasizing the team’s dedication.

“Nothing changed, everyone keeps working hard as we have been for 8 years. We want to prove OG teams will win in the long run. @KyberNetwork”

This statement appears to position Kyber Network as a veteran project that has weathered multiple market cycles. He also suggested that sustained development and team commitment are finally being recognized by the market.

Second on the top gainers list is Altcoin which has surged 86.8% over the past 24 hours, reaching $0.08106 from $0.03835. The project has also posted a cryptic announcement teasing developments for next week.

While details remain scarce, such forward-looking statements often drive speculative buying as traders position ahead of potential news.

Announcement next week.

ALTCOIN. DOT. FUN. pic.twitter.com/cxaB2qxtaZ

However, ALT has faced technical issues with price tracking. The project’s X account addressed concerns about incorrect price displays: “Hey coingecko, please correct the price for $ALT on your platform. You’re displaying the price of the wrong ALT token, which is completely unrelated to us and it’s impacting the community.”

Third on the list is Kori, which has climbed 68.5% in the last 24 hours, trading at $0.04098 from $0.02285. The meme coin has shown remarkable longer-term performance, surging over 1,600% in the last 30 days and 485% in the past week.

Despite the price action, there haven’t been any notable developments from the project that WOULD explain such massive gains. The token has been trending on X, which appears to be the primary driver behind its momentum.

The current altcoin surge occurs against a backdrop of market stabilization. XRP (XRP) has cooled down from its recent rally and is now trading in the $2.7 range, while solana (SOL) maintains its position around $160.

However, traders should approach these high-flying tokens with caution. While KNC has clear catalysts in the FORM of product launches and team statements, tokens like KORI appear to be driven primarily by social media hype without fundamental backing.