The cryptocurrency market has once again proven its unpredictability, with several altcoins showing massive gains in the last 24 hours. For crypto traders in Pakistan and around the world, these sudden price spikes offer both opportunity and risk. In this article, we’ll explore the top five gaining cryptocurrencies—CLAWD, BIRB, PLAY, SOMI, and BNKR—and analyze what might be driving their momentum. Whether you're a beginner learning how to trade crypto or an experienced investor looking for the next breakout, understanding these trends can help you make smarter decisions.
#One of the biggest gainers was CLAWD (Clawd.atg.eth), which surged by over 155%. This token, likely a meme-based or community-driven asset, gained traction due to its low market cap and viral appeal. Such coins often experience rapid pumps when social media hype kicks in, but they can also crash just as quickly. Traders should be cautious and avoid investing based on fear of missing out (FOMO). CLAWD’s trading volume crossed $20 million, indicating strong short-term interest, but its long-term sustainability remains uncertain.
$BIRB Next on the list is BIRB (Moonbirds), which jumped by 136%. This token is associated with the NFT space, and its rise may be linked to renewed interest in digital collectibles or a specific event within the Moonbirds community. NFT-related tokens are known for their volatility, often reacting to influencer tweets, celebrity endorsements, or platform updates. While BIRB’s price action is impressive, traders should evaluate whether the fundamentals support continued growth or if this is just a temporary spike.
$PLAY PLAY (PlaysOut) also made headlines with a 45.5% increase. This gaming-related token may have benefited from recent partnerships or updates in its ecosystem. The play-to-earn (P2E) sector has seen a resurgence in 2024, with many investors betting on the future of blockchain gaming. However, low liquidity and limited exchange listings can make such tokens risky. Before investing, it’s important to check the project’s roadmap, team, and community engagement.
$SOMI Another strong performer was SOMI (Somnia), which rose by 45.1%. SOMI appears to be part of the decentralized finance (DeFi) space, and its high 24-hour volume of over $300 million suggests strong institutional or whale interest. DeFi tokens often gain momentum when new features like staking, farming, or governance updates are announced. SOMI’s price action could be a sign of growing adoption, but as always, traders should monitor news and technical indicators before entering a position
Finally, BANKER (BankrCoin) gained 44.6%, possibly due to rumors of staking rewards or a token burn event. These types of announcements can create short-term buying pressure, especially if the supply is reduced or holders are incentivized to lock their tokens. While BNKR’s fundamentals are still unclear, its price movement shows how quickly sentiment can shift in the crypto space.
For traders in Pakistan, platforms like Binance, KuCoin, and OKX offer access to many of these altcoins. It’s essential to use stop-loss orders, track volume and liquidity, and avoid emotional trading. Tools like TradingView and CoinGecko can help you analyze candlestick charts and spot trends. Speaking of charts, the candlestick patterns for these coins over the last 4 hours show strong bullish momentum, with long green candles and increasing volume—classic signs of a breakout.
In conclusion, the crypto market continues to offer exciting opportunities, but also significant risks. The top gainers—CLAWD, BIRB, PLAY, SOMI, and BNKR—have delivered impressive returns in a short time, but traders must remain vigilant. Always do your own research (DYOR), stay updated with market news, and never invest more than you can afford to lose. If you’re looking to grow your knowledge or share insights with your community, articles like this can be a great starting point.
