Top Crypto Gainers Today, February 12 – PIPPIN, ASTER, HYPE

Highlights:

• PIPPiN emerged as the top crypto gainer today as retail FOMO kicked in hard.
• ASTER is testing major resistance after bouncing from the deep lows of $0.37.
• Hyperliquid accumulation continues despite the ongoing market pressure.

The crypto market has extended its downward pressure as the broad sell-off and macro uncertainties continue to dominate. Bitcoin dropped below $66K, dragging most of the altcoins. CoinGlass data shows that over the past 24 hours, total liquidations reached $400 million. This has led to the total market capitalization declining to $2.30 trillion despite the surge in trading volume to $115 billion. 

Amidst this mixed sentiment in the market, several assets defied the downtrend and recorded significant gains. In the section below, we will discuss the top crypto gainers today, such as Pippin, Aster, and Hyperliquid. 

Top Crypto Gainers Today

1. PIPPIN

PIPPIN is leading the list of the top crypto gainers today, with a surge of 25% over the last 24 hours. The memecoin’s price surged above the $0.500 mark before facing a minor decline to the current levels around $0.4950. Its market capitalization stands at $495 million.

Social media buzz heightened after PIPPIN witnessed a sudden price increase of more than 40%. The sudden spike in activity propelled the asset to the top on Pump.fun after generating $26 million in trading volume. The strong momentum created a self-reinforcing cycle that attracted additional traders who feared missing out.

At the same time, PIPPIN demonstrated high trading activity, reaching a total of $68.68 million in spot trading volume. The price experienced an upward trend because of increasing market liquidity and crowd attention. However, when momentum relies heavily on retail demand, price swings can shift quickly if volumes drop.

2. ASTER

Aster is still maintaining its upward journey after posting gains of 25% on the weekly chart. As of this writing, the altcoin is exchanging hands at around $0.690. Moreover, its market cap and trading volume have surged to $1.7 billion and $295 million.

Aster is showing its strength through its current movement after testing the crucial resistance level at $0.70. The token experienced a strong recovery after it dropped more than 80% from its earlier peak to $0.37. Market analyst Wolf Of Crypto now highlights this area as a key decision zone. The trend could shift from bearish to bullish if the price manages to break through $1.00 and maintain its position above that level.

The analyst currently monitors the resistance range, which extends from $0.80 to $0.90. The market has established $0.65 as immediate support, while the $0.55 to $0.50 area acts as a stronger base. The buying power of buyers has increased, but they need to prove their capabilities before market analysts can declare a trend reversal.

3. Hyperliquid (HYPE)

Hyperliquid price is up by 4.50% on the daily chart to trade at $30.32, outperforming the weakness in the broader market. The altcoin declined by more than 10% over the last 7 days despite the monthly increase of 24%. Its trading volume has surged by 8% to $330 million.

Despite market volatility, Hyperliquid accumulation has been noted. This week, digital asset treasury Hyperliquid Strategies recently acquired 5 million additional tokens at an average cost of $25.9 million, increasing its total holdings to approximately 17.6 million. The recent purchase amounted to a value of $129.5 million.

The company still holds around $125 million in capital ready for deployment, demonstrating its strategy to maintain both asset accumulation and liquidity. Hyperliquid maintains its steady approach for long-term objectives despite market price changes. CEO David Schamis noted that the firm will continue to pursue HYPE through capital-efficient methods.