Altcoin Weekly Report: AERO big pump 56%, LDO rise 47%, XMR faces centralization concerns big dump.

In the past week, the crypto market has shown a pattern of "BTC Sideways, alts in a frenzy." Bitcoin (BTC) has performed relatively calmly, while mainstream altcoins such as Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA) have collectively recorded double-digit rises. More notably, "low-key powerhouses" like Aerodrome Finance (AERO), Mantle (MNT), and Lido DAO (LDO) have surged by 56%, 52%, and 47%, respectively, with MYX Finance (MYX) astonishingly rising by 1323% in a single week. On the other hand, Monero (XMR) has led the decline due to concerns over centralization, and Toncoin (TON) and XDC Network (XDC) have also experienced significant pullbacks. This article summarizes the biggest winners and losers in the crypto market over the past week, analyzing key price movements and the driving factors behind them.

【Weekly Winners: AERO, MNT, LDO Lead the Big Pump】

(Source: TradingView)

• Aerodrome Finance [AERO] rises 56% weekly: DEX functionality launches on mainstream CEX igniting buying pressure AERO has continued its breakthrough trend in the past week, with the price strongly rising from below $0.80 to a high of $1.25 (slightly pulling back to $1.17 at the time of writing). Its rapid increase has pushed the Relative Strength Index (RSI) into the overbought zone at 70.9, while the Moving Average Convergence Divergence (MACD) indicates solid bullish momentum. Despite a mild pullback, the price remains firmly above the 9-day and 21-day Exponential Moving Averages (EMA), showing strong short-term support. The big pump has been accompanied by a surge in trading volume, with the core catalyst being the mainstream CEX's U.S. app launching DEX trading features, as the market expects this move to bring significant traffic to Aerodrome Finance. Analysts point out that sharp investors have already positioned themselves ahead of time.
• Mantle [MNT] rose 52% this week: network progress + executive support boosts confidence MNT has soared 51.99% over the past week, rising from around $0.68 to above $1.05 (the reported price at the time was $1.02). A strong bullish candlestick at the beginning of the week pushed the price to touch the $1.10 area. Despite a slight pullback currently, the price remains solidly within the breakout range, indicating that the bulls are in control. If buying pressure continues, MNT is expected to test recent highs, with $1.15 becoming a key resistance level. Positive news includes the joining of Bybit's co-CEO and current spot trading director as an advisor to Mantle, significantly enhancing the project's credibility. The bullish target is aimed straight at the new high of $1.15.
• Lido DAO [LDO] Weekly rise of 47%: A large influx of funds before key updates LDO has recently rebounded strongly by 46.8% over the past week, breaking out from the $0.87 region and reaching a high of $1.37 (stabilizing at $1.27 at the time of writing). The consecutive large bullish candles highlight bullish sentiment, with trading volume increasing accordingly. Although profit-taking has led to an intraday pullback, the overall momentum remains positive. The market is focused on the August 14th call meeting for Lido Labs' first token holders update, during which the roadmap, strategic priorities, and long-term LDO value alignment plan will be announced. This event is expected to maintain high market sentiment.
• Other Outstanding Coins:
  • MYX Finance [MYX]: According to Gate data, leading the Top 1000 tokens, surged 1323.8% in a single week to 1.64 USD, with a trading volume of nearly 50 million USD.
  • Loan Protocol [LOAN]: big pump 253.1% to $0.002673.
  • SOON [SOON]: rose 238% to $0.5034, backed by an astonishing $399.9 million in trading volume. The market's speculation enthusiasm for small-cap tokens remains high.

【Weekly Losers: XMR in a Centralization Crisis, TON and XDC Under Continued Pressure】

(Source: TradingView)

• Monero [XMR] continues to decline: Power centralization triggers market panic Since early August, XMR has been in a continuous downtrend, with the price sliding from above $300 to $270.92 (at the time of writing). The downward momentum accelerated from August 5 to 7, with consecutive bearish candles breaking through key support levels. Although there was a brief rebound on August 8, subsequent buying interest remained weak, and the price continued to maintain a bearish stance. If the bearish momentum persists, it may test the support zone around $264-260. A deeper reason for this is the concerns about centralization: the Qubic [QUBIC] mining pool (an L1 blockchain) now controls over 40% of XMR's hash power, raising market fears of a potential 51% attack that could compromise transaction integrity and the principles of decentralization. This "crypto controversy" has severely undermined confidence and may be the main reason for the downtrend since early August.

• Toncoin [TON] fell 10% this week: Telegram's positive news can't resist the selling pressure TON fell 10.38% in the past seven days, continuously facing sell-offs since early August, with the price dropping from above $3.60 to around $3.32. The Chaikin Money Flow (CMF) indicator remains in negative territory, and the RSI hovers in the neutral zone, indicating a waning bullish momentum. On August 9, Telegram confirmed that deepening blockchain integration had stimulated a 1.75% price rebound, breaking the sideways pattern, but the rebound was short-lived as bears regained control over the weekend.

  

  (Source: TradingView)

• XDC Network [XDC] continues to fall: Weak buying leads to a new low in nearly two weeks XDC has steadily declined over the past week, dropping from around $0.093 at the beginning of August to near $0.088 (at the time of writing), a decrease of over 5%. After a brief stabilization mid-week, sellers pushed the token down to its lowest point in nearly two weeks. The maximum intraday drop was nearly 3%, confirming that bearish momentum persists and buying interest is weak. The market leans bearish in the absence of clear reversal signals.

• Other notable pullback coins:

  • Graphite Protocol [GP]: Led the decline, plummeting 48.6% to $1.60, with a trading volume of $14.1 million.
  • Infinitar Governance Token [IGT]: fell by 18.4% to $0.115.
  • Blackhole [BLACK]: fell 16.7% to $0.7265, with the highest trading volume among the three (19.78 million dollars).

[Conclusion: Finding Opportunities in a Volatile Market, In-Depth Research is Key] The past week in the crypto market has been spectacular: big pumps and falls coexist, with risks and opportunities existing side by side. As Bitcoin builds momentum, altcoins have shown extreme differentiation—AERO, MNT, and LDO have surged strongly due to favorable fundamentals and event-driven factors, while XMR faces a trust crisis due to centralized concerns. The market's volatility shows no signs of weakening, and investors need to maintain a clear mind, thoroughly analyze on-chain data, technical indicators, and project dynamics, seeking value opportunities amidst the fluctuations and making rational decisions.