Bitcoin, Dogecoin Stumble, But This New Crypto Skyrockets 140% In A Week
The cryptocurrency market encountered headwinds last week, although a few under-the-radar coins notched up significant gains. What happened: IP, the native token of Layer-1 blockchain Story, powered above the rest of the market with a whopping 138% jump last week. Launched just 10 days ago, the token spawned a billion-dollar valuation last week, cruising to a peak value of $7.11. The blockchain project helps creators register, license, and monetize their intellectual property assets, with IP used for paying transaction fees. S, the native token of the high-speed blockchain platform Sonic, came a distant second, surging 58% over the week. The coin has been on an upward curve in February, up over 56% over the last month. Ethereum ETH/USD-based MKR token, serving as the utility and governance token of stablecoin issuing protocol Maker, rallied 53% to become the third-most successful coin last week. CryptocurrencyGains +/-Price Story (IP)+138.85%$3.96Sonic (S)+58.32%$0.865Maker MKR/USD+53.28%$1,536See Also: Bitcoin ‘Early In Bull Market,’ Can Compete With Gold ETFs, Blockstream CEO Says Market barometer Bitcoin BTC/USD contracted 0.83%, while ETH eked out a gain of 1.69%. Other large-cap currencies like Solana SOL/USD and Cardano ADA/USD bled 13.57% and 8.56%, respectively. XRP XRP/USD also slipped 3.71%. Popular meme coins like Dogecoin DOGE/USD and Shiba Inu SHIB/USD were also hit by the bearish wave, slumping 12.50% and 6.52%, respectively. The sentiment was majorly hit by the massive $1.4 billion ETH hack on cryptocurrency exchange Bybit, allegedly executed by North Korean state-backed actors. Overall, the total cryptocurrency market capitalization contracted 1.8% over the week to $3.13 trillion. Read Next: Donald Trump Says US Is ‘Successfully Negotiating With Russia’ Over Ukraine, But Polymarket Traders Aren’t Convinced Photo courtesy: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.