🚀 STRK Rockets, H Token Ignites as Wall Street Stumbles - July 5 Market Frenzy

Crypto markets defy traditional finance yet again as two altcoins steal the show while the old guard wobbles.

STRK's gravity-defying surge

The Layer 2 token blasted past resistance levels, leaving bagholders kicking themselves for not buying the dip. Meanwhile, derivatives traders piled in as open interest hit record highs.

H token: The dark horse heats up

This obscure alt's sudden 3x move had 'veteran' analysts scrambling to update their PowerPoints. Community speculates either a major exchange listing or yet another 'fundamental breakthrough' that'll be forgotten in a week.

Wall Street's Monday blues

While crypto assets mooned, traditional markets coughed up early gains like a pensioner at a rave. The S&P's 'safe' blue chips bled out as another Fed speaker mumbled about 'data dependence' - financial code for 'we make this up as we go along.'

The lesson? While suits debate P/E ratios, crypto's degenerate traders are already on to the next play. Just don't look too closely at the 'utility' behind these pumps.

Humanity Protocol (H)

+46.68%$0.1038

Humanity Protocol skyrocketed nearly 49% in 24 hours, largely driven by its Bithumb KRW listing on July 3, which opened up exposure to South Korea’s retail market. This was compounded by the launch of perpetual futures on OKX, boosting Leveraged trading. Speculative interest intensified due to its biometric identity narrative and a highly overbought RSI reading (93.75). Traders are also front-running the upcoming July 15 mainnet upgrade, though dilution concerns linger due to 29% of supply being held by early investors.

$189.54M$464.05M1.82B H

Strike (STRK)

+32.49%$7.88

Strike surged following TD Cowen’s bullish rating on its convertible preferred shares with a $140 price target. The shares offer fixed dividends and link to Strategy’s common stock, which has risen sharply in 2025. STRK also broke past the $5.93 Fibonacci resistance, pushing it into bullish territory. Massive 24h volume spike (+2,152%) reflects both institutional and retail traction.

$44.2M$167.9M5.61M STRK

Blast (BLAST)

+14.09%$0.002446

BLAST rebounded 16% from its July 2 low, following a selloff caused by a 10B token unlock (24% of supply). Technical reversal patterns emerged, with a falling wedge breakout and recovering RSI/MFI readings signaling a shift in momentum. Negative funding rates hinted at a short squeeze, helping bulls reclaim the $0.0023 level.

$100.76M$110.8M41.18B BLAST

FUNToken (FUN)

+16.13%$0.01409

FUNToken rallied 19% on the back of a CertiK “AA” security rating, boosting investor confidence. Additional listings on Poloniex and HTX Innovation Zone expanded its reach. A 25M token burn reinforced deflationary sentiment, while a wave of Web3 game integrations and an AI-powered bot roadmap drew speculative interest.

$152.52M$118.19M10.81B FUN

CARV (CARV)

+4.52%$0.2562

CARV’s 4.7% rise came after a July 1 Phemex listing for 20x leveraged perpetuals. Liquidity spiked, and traders responded positively to CARV’s “AI Beings” roadmap update. With over 8M CARV IDs and 60K verifier nodes, network growth fueled optimism. MACD crossover and RSI recovery suggest potential further upside, despite long-term bearish resistance at the 200-day EMA.

$75.2M$190M293.43M CARV

Global Market Snapshot

The global macro backdrop remains fraught with uncertainty. Elon Musk has broken his silence on President Trump’s massive “One Big Beautiful Bill,” aligning with Senator Rand Paul in criticizing the legislation as fiscally irresponsible. The bill, projected to add $3.4 trillion to the national debt, slashes clean energy incentives and may hamper EV and solar sectors, hurting Tesla directly. Market sentiment remains split, with Tesla still recovering from a sharp drop in early June.

Meanwhile, trade tensions are rising as the deadline for Trump’s reciprocal tariffs on EU goods nears. Without a deal by July 9, both sides risk reigniting a transatlantic trade war, with duties of up to 50% on the table. IPO momentum in London has hit a 30-year low, further pressuring the U.K.'s capital market competitiveness. The broader investment environment remains cautious, shaped by policy uncertainty, geopolitical fragmentation, and sectoral realignments.

Closing Thoughts

The mood across crypto was mixed but tilted bullish, momentum is clearly favoring newly listed tokens, gaming-integrated assets, and coins with exchange or futures tailwinds. Retail appetite surged for high-volume, high-volatility plays, while institutional signals in STRK helped bridge traditional and on-chain capital flows. Notably, AI and identity-based narratives held traction, with CARV and H both aligning with longer-term megatrends.

Globally, sentiment was overshadowed by concerns over fiscal recklessness in the U.S. and renewed trade war fears with Europe. Elon Musk’s critique of Trump’s mega bill echoed through tech and EV circles, just as London’s IPO landscape hit historic lows. The disconnect between regulatory uncertainty and innovation Optimism continues to define both traditional and crypto markets, with altcoins reacting faster and harder to sentiment shifts.