Last week saw a significant recovery in the cryptocurrency market, largely attributed to a easing of tensions surrounding President Donald Trump’s tariff policies. While Dogecoin and XRP experienced notable pumps during this rebound, one under-the-radar token, Onyxcoin (XCN), truly stole the show with an astounding 134% rally. This remarkable surge followed the announcement by Binance of the listing of Onyxcoin’s futures contract on Friday. The listing fueled significant investor interest, pushing XCN to become one of the top performers of the week.
This impressive performance isn’t just a one-week wonder. Year-to-date, Onyxcoin has seen a staggering 725% increase, solidifying its position as the second most successful cryptocurrency of 2025. The token’s strong performance stands in stark contrast to the uncertainty surrounding Trump’s tariff measures, suggesting a potential decoupling of the crypto market from traditional economic anxieties.
Other notable movers included Fartcoin (FARTCOIN), another Solana-based meme coin, which jumped 88% continuing its impressive two-week winning streak and JasmyCoin (JASMY), the utility token for the Jasmy platform, which saw a 75% increase. JasmyCoin, an Ethereum-based token, successfully reversed its previous week’s losses, highlighting the overall positive sentiment in the market. The rally impacted meme coins as well, with Dogecoin and Shiba Inu showing increases of 18.58% and 12.37% respectively.
Major cryptocurrencies also participated in the upswing. Bitcoin and Ethereum closed the week with gains of 10.57% and 6.51%, respectively. Large-cap altcoins such as XRP, Solana, and Cardano also experienced double-digit gains, reflecting the broader market recovery. The total cryptocurrency market capitalization expanded by 9.38% to reach $2.68 trillion.
This surge in the crypto market comes on the heels of a 90-day pause on tariffs on goods imported into the U.S., along with Trump’s exemption of consumer electronics and semiconductors from reciprocal tariffs. This positive news seems to have injected much-needed confidence into both traditional and crypto markets.
The recent market volatility, however, highlights the importance of staying informed and adapting to rapidly shifting trends. While the rally is encouraging, it’s crucial for investors to remain cautious and informed about the ongoing economic uncertainties.
