[Today's Trending Global Coins] Sui, Zora, Pudgy Penguins & More

JOON HYOUNG LEE

Summary

Sui (SUI) is garnering investor attention due to recent price volatility, a breakthrough of the $4 level, an approach to the open interest (OI) all-time high for futures, and the start of an official review for a Sui spot ETF.
Zora (ZORA) has seen a sharp rally, with an impressive 546% increase compared to a week ago, resulting in a spike in online mentions.
Pudgy Penguins (PENGU) and NEAR Protocol (NEAR) are each attracting attention for achieving #1 meme coin market cap and increased price volatility, respectively.

According to the Token Mindshare—a metric quantifying the influence of specific tokens within the crypto market—on the AI-based Web3 search platform Kaito, as of the 27th, the five most popular crypto-related keywords among people are Sui (SUI), Zora (ZORA), Pudgy Penguins (PENGU), Kaito (KAITO), and NEAR Protocol (NEAR).

Sui has recently attracted investor attention due to heightened price volatility, breaking through the major resistance level of $4 earlier this month. According to the on-chain analytics platform Glassnode, Sui's perpetual futures open interest (OI) reached approximately $1.2 billion as of the 22nd of this month, approaching an all-time high. The U.S. Securities and Exchange Commission (SEC) also attracted attention by commencing an official review of Canary Capital's Sui spot ETF application. As of this afternoon, Sui is trading at around $4.2 on CoinMarketCap, up approximately 5.1% from the previous day.

Zora is believed to have seen a surge in online mentions due to a sharp increase in its price today. As of this afternoon, Zora is trading at approximately $0.0773 on CoinMarketCap, up about 59% from the previous day. This represents a staggering 546% rise compared to a week ago. The price of Zora started its rally in the middle of this month.

Pudgy Penguins has recently drawn attention as the meme coin market has shown overall strength. As of this afternoon, Pudgy Penguins is trading at around $0.042 on CoinMarketCap, down about 1% from the previous day. Compared to a week ago, this is up approximately 37.3%, and compared to a month ago, it's up about 354.1%. Previously, driven by a recent surge, Pudgy Penguins overtook BONK on the 23rd to become the top Solana (SOL)-based meme coin by market capitalization. As of this afternoon, Pudgy Penguins market cap is around $2.65 billion.

Kaito recently drew attention after the cross-chain interoperability protocol Union announced the launch of the 'Mad Yaps' program ahead of its mainnet release. Mad Yaps is a joint incentive program between Union and Kaito, distributing 1% of the total Union token supply as rewards. Kaito's collaboration with the AI agent project Theoriq has also likely contributed to increased online mentions of Kaito. As of this afternoon, Kaito is trading at around $1.35 on CoinMarketCap, down approximately 2.1% from the previous day.

NEAR Protocol has also likely seen an increase in online mentions due to increased price volatility. While NEAR Protocol's price had been on a steady rise since the start of this month, it saw sharp fluctuations beginning this week. As of this afternoon, NEAR Protocol is trading at around $2.92 on CoinMarketCap, up about 2.3% from the previous day. This is an increase of approximately 0.2% compared to a week ago and about 39.8% higher than a month ago.