Top Gainers on Kaito's Token Mindshare List: Bitcoin, Ethereum, Ripple, Berachain, Hyperliquid
According to the top gainers on the AI-based Web3 search platform Kaito's Token Mindshare (a metric quantifying the influence of specific tokens in the crypto market), the top five cryptocurrencies currently garnering the most attention are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Berachain (BERA), and Hyperliquid (HYPE).
Bitcoin ranks first among the top gainers. The U.S. Department of Justice recently authorized the sale of 69,000 Bitcoins seized from the dark web marketplace Silk Road. This news has sparked concerns among investors, as the sale could lead to a massive sell-off in the cryptocurrency market. However, Bitcoin's price has managed to stay afloat despite the negative news. As of 12:35 PM, Bitcoin is trading at $94,276, down 2.38% from the previous day, according to CoinMarketCap.
Ethereum ranks second among the top gainers. Investors are showing strong interest in Ethereum ahead of the upcoming Spectra upgrade, which is expected to improve the efficiency and scalability of the Ethereum network. In an interview, Sean Dawson, head of research at DLive, said, "If Ethereum manages to complete the Spectra upgrade successfully, it could reach $12,000 by the end of the year." He also added that "the pro-crypto policies of the Trump administration's second term will further support growth."
Ripple ranks third among the top gainers. While the overall trend in the crypto market is bearish, Ripple alone recorded an upward movement. At the same presenting, Ripple is trading at $2.35, up 1.11% from the previous day. The recent increase in the possibility of a spot ETF launch seems to have boosted investor sentiment. In an interview, Monica Long, president of Ripple, said, "I think Ripple will be the third cryptocurrency to launch an ETF, following Bitcoin and Ethereum."
Berachain ranks fourth among the top gainers. Ahead of its token launch, Berachain announced in a post that it has received $1 billion in pre-deposited capital, indicating strong interest from investors.
Hyperliquid ranks fifth among the top gainers. The 'validator sale controversy' has raised concerns among investors. Recently, members of the Hyperliquid community expressed concerns about centralization, alleging that the Hyperliquid Foundation was selling validator positions for money. In response, Hyperliquid posted a rebuttal, stating that "all validators were selected based on testnet performance," and announced a support program to back high-performing validators and enhance decentralization.
Moreover, investors are also showing interest in Movement Labs (MOVE), Sui (SUI), Fomo (FOMO), Binance Coin (BNB), and Zerebro.
