Top 5 Gainers Of The Past Week: PONKE, MANEKI, CREAM, PEOPLE, RSR

Key Points

• The top five gainers of the past week are PONKE, MANEKI, CREAM, PEOPLE, RSR.
• The coins experienced significant price surges of 200%, 98%, 80%, 51% and 48%.

Last week was marked by important events that triggered price volatility in the crypto markets. One of them is the release of the new CPI report that showed an ease in inflation data for April – 3.4%.

The results triggered a price surge for Bitcoin. Now, BTC is trading above the important mark of $66k, and it’s up by over 8% in the past 7 days, according to data from CoinMarketCap.

There are other tokens that also experienced significant price gains during the past week.

Top 5 gainers of the past week

Ponke (PONKE)

Ponke (PONKE) token saw a significant price rise during the past week of over 200%. The coin’s current market cap is around $200 million.

A few hours ago, the team behind Ponke shared the story of their project via X, saying that they continue to work hard, and their success came from never stopping. They also noted that when the team works hard, the community works even harder, and hard work earns the community’s trust.

This is the true story of the successful $PONKE project. The team worked hard and continues to work even harder.

Their success came from never stopping. When the team works hard, the community works even harder.

They proved to their holders that they are giving their maximum… pic.twitter.com/adiJ3RHpVX

— highdegen (@highdegen) May 20, 2024

PONKE is a new digital asset on Solana and the token has a distinct approach to tokenomics, offering a total supply of 55 million tokens. Its design caters to the needs of online traders, and gaming enthusiasts, aiming to offer a seamless and engaging experience for users.

MANEKI (MANEKI)

MANEKI also saw significant gains over the past seven days of 98%. The coin has a market cap of over $85 million.

Recently, the team shared a post on X, explaining what the name of project symbolizes. It is a traditional Japanese symbol of good luck, typically depicted as a cat waving its paw, often a male cat. This cat is usually adorned with a traditional Japanese necktie (red or red-and-white) and sometimes wears a bell or collar.

On May 17, the coin was the top 1 trading token according to CoinGecko, followed by OCTA and GME.

$MANEKI https://t.co/tcRDHL1YhF

— MANEKI (@UnrevealedXYZ) May 17, 2024

The token is built on Solana.

Cream Finance (CREAM)

CREAM is another token that experienced a significant surge over the past 7 days of 80%. Now, the total market cap of the token is about $147 million.

Back in April, a CREAM lending pool for memecoins launched on base, and the team behind the project said on X that their finance app “rules everything around memecoins.”

C.R.E.A.M Finance is a decentralized DeFi lending protocol for individuals, institutions, and protocols to access financial services.

Part of the yearn.finance ecosystem, C.R.E.A.M. Finance is a permissionless, open source, and blockchain agnostic protocol serving users on Ethereum, Binance Smart Chain Polygon, and Fantom. Users can deposit their assets on CREAM to earn yield, just like a savings account.

ConstitutionDAO (PEOPLE)

This is another token with significant gains over the past week of over 51%. The total market cap of PEOPLE is now around $224 million.

ConstitutionDAO was an experiment that kicked off in 2021. Back then a group of Web3 enthusiasts gathered as a decentralized autonomous organization with the objective of buying a copy of the U.S. Constitution at a Sotheby’s Auction.

There are only 13 original physical copies of the U.S Constitution in existence, which meant that this auction sparked a competitive bidding battle. Even though the group managed to raise well over $40 million in ETH, it ultimately fell short and was outbid by Ken Griffin, a billionaire hedge fund manager and CEO of Citadel.

Constitution DAO revealed that it would disband after its unsuccessful grassroots attempt to buy one of the most valuable and iconic documents in U.S. history.

PEOPLE is a governance token that would have given owners voting rights over where the Constitution would have been placed.

Reserve Rights (RSR)

RSR is another top gainer of the past week, with a price surge of 48%, according to CoinMarketCap.

The current market cap of the token is $445 million.

On May 13, the team behind the project shared a post on their X account, revealing an ecosystem update. They addressed the new governance updates, high-yield USD, and a reward ratio proposal that passed and was executed on May 14.

State of Reserve; The @reserveprotocol ecosystem update.

Today we talked about:

1⃣ @ETHPlus_ new governance updates are live
2⃣ @HighYieldUSD upcoming voting starts on Monday May 13th
3⃣ @USD_3 reward ratio proposal has passed and will be executed on Tuesday May 14th$RSR pic.twitter.com/k2NzWE1UWu

— Tom Sawyer (@0xTomSawyer) May 13, 2024

Reserve Rights (RSR) is an ERC-20 token that serves two main purposes for the Reserve Protocol: over-collateralization of Reserve stablecoins (RTokens) through staking and governing them through proposing and voting on changes to their configuration.

The Reserve Rights (RSR) token was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform.

These are the five top tokens that saw the most impressive gains during the last week.