In a market energized by easing trade tensions and surging tech stocks, crypto is showing signs of synchronized exuberance. From Pi Network’s sudden leap above $1 to XRP’s post-settlement rally and Dogwifhat’s memecoin madness, today’s momentum is spreading fast across sectors.
Even Solana-based coins like MooDeng and Solana Name Service (FIDA) are catching the wave, riding renewed appetite for Web3 infrastructure and cultural tokens alike. With volumes exploding and whales waking up, the appetite for risk is roaring back both on-chain and off.
Pi Network (PI)
Price Change (24H): +35% Current Price: $1.28
What happened today
Pi Network broke above the $1 mark for the first time in nearly two months, driven by ecosystem optimism and speculation around a potential Binance listing. Volume surged 152.8% to over $1.4 billion, reflecting intense accumulation. The token entered the top 20 digital assets by market cap, rising 118% over the past 7 days. A major Pi ecosystem announcement is expected on May 14, with community buzz and technical breakouts signaling bullish sentiment. RSI sits at 85, indicating overbought conditions, but technicals remain strong as it holds above key moving averages.
Market Cap: $7.54B 24-Hour Trading Volume: $1.83B Circulating Supply: 7.07B PI
Dogwifhat (WIF)
Price Change (24H): +25.47% Current Price: $1.12
What happened today
WIF blasted past the $1 resistance, gaining over 35% intraday and continuing its 180% rally over 30 days. Volume topped $1.5 billion, while open interest in futures jumped from $130M to $330M, indicating heightened trader participation. Technical indicators like the CMF and Supertrend remain bullish, while RSI suggests overbought levels. Analysts see potential for WIF to revisit the $2–$2.4 range. The memecoin rally is fueled by easing U.S.–China tensions and rising risk-on sentiment.
Market Cap: $1.12B 24-Hour Trading Volume: $1.6B Circulating Supply: 998.84M WIF
MooDeng (MOODENG)
Price Change (24H): +15.30% Current Price: $0.2314
What happened today
Solana-based memecoin MooDeng soared over 100% following its Binance Alpha listing. Trading volume hit $967M, and RSI skyrocketed to 95.19, showing extreme overbought conditions. MACD confirms the uptrend, but short-term pullback to $0.22 is likely before another attempt at $0.29–$0.35 resistance. Inspired by a viral pygmy hippo meme from Thailand, MooDeng has gained 970% this month, with volume, momentum, and cultural hype aligning in its favor.
Market Cap: $229.14M 24-Hour Trading Volume: $967.25M Circulating Supply: 989.97M MOODENG
Solana Name Service (FIDA)
Price Change (24H): +29.59% Current Price: $0.1092
What happened today
Solana Name Service (formerly Bonfida) jumped nearly 30% in one of its strongest daily rallies, fueled by a 500% surge in volume to $264.68M. The rebranding has attracted fresh attention as part of Solana ecosystem plays, with increased interest in Web3 identity infrastructure. FIDA broke past the $0.10 psychological resistance with ease, supported by rising wallet activity and renewed speculation on Solana-based utilities.
Market Cap: $108.29M 24-Hour Trading Volume: $264.68M Circulating Supply: 990.91M FIDA
XRP (XRP)
Price Change (24H): +10.16% Current Price: $2.57
What happened today
XRP spiked following confirmation of a $50M SEC settlement, marking a major regulatory win for Ripple. Rumors of a potential XRP ETF and upcoming stablecoin launches (ROUSD, ROEURO, ROPound) have added to the bullish momentum. [Whale transactions](https://coinmarketcap.com/community/articles/6821d9565bcbe528c9c725b8/_ exceeding $700M and on-chain data showing accumulation by large holders suggest rising institutional interest. Technicals show XRP hovering near $2.57 with MACD signaling a possible short-term dip, but sentiment remains strong amid broader tokenization and partnership news involving Robinhood and Ripple.
Market Cap: $151.05B 24-Hour Trading Volume: $8.71B Circulating Supply: 58.55B XRP
Global Market Snapshot
Global equities soared as the U.S. and China agreed to a 90-day suspension of tariffs, slashing reciprocal rates by over 100% and easing trade tensions. The Dow surged 953 points (+2.3%) while the Nasdaq led with a 3.5% rally.
Risk-on sentiment fueled crypto gains and tech stocks, with Amazon, Apple, and semiconductor plays spiking. Meanwhile, Trump prepares for a high-stakes Middle East trip focused on trade, energy, and AI infrastructure, amid reports of nuclear and semiconductor policy shifts. Gold dropped and oil stabilized as optimism swept across markets.
Closing Thoughts
Investor sentiment is clearly swinging risk-on, with memecoins like WIF and MOODENG benefiting the most from parabolic price action and cultural hype. MooDeng’s Binance Alpha debut and WIF’s breakout from a long downtrend underline a broader trend: traders are increasingly favoring tokens with strong communities and momentum, regardless of fundamentals.
At the same time, Pi’s sharp rally and XRP’s institutional buzz show that even legacy or long-anticipated tokens can steal the spotlight when macro and micro forces align.
From a sectoral lens, both meme and infrastructure plays are outperforming today indicating that retail speculation (via memes) and institutional alignment (via XRP, FIDA) are coexisting in this rally. Add to that global equity market surges and an unexpectedly bullish trade resolution between the U.S. and China, and it’s clear the entire asset landscape is feeding off a coordinated wave of optimism. The coming days will test whether this sentiment is sustainable or just a spark in a still-fragile fire.