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Cryptocurrency Week 31 of '26: 'Odyera' Leads Gains Before Sharp Pullback

This article was automatically translated by AI. There may be errors compared to the original Korean article.  Read original in Korean →
Editor's Note
This column summarizes the top 100 cryptocurrencies by market cap and key altcoin issues of the week. We translate the volatile market flow into insights as easily as watching Netflix.

[비즈한국] This week, the top performers were driven more by sector rotation—with funds moving based on product launches, token burns, and short-term liquidity—than by a collective market-wide rally. While trading infrastructure tokens and meme coins rose, the top-ranked Odyera experienced a daily pullback.

From 7:00 AM July 24 to 7:00 AM July 31, Odyera topped the market with a weekly gain of 30.32%. Photo = Odyera X

According to CoinMarketCap, from 7:00 AM on July 24 to 7:00 AM on July 31, Odyera recorded a weekly gain of 30.32%, taking the top spot. Its current price is 5,468 KRW, down 2.32% over the last 24 hours. Uniswap took second place with a 16.36% increase to 6,247 KRW, rising 11.92% in the last 24 hours. Shiba Inu ranked third, up 14.18% to 0.006714 KRW, with a 2.08% rise in the last 24 hours.

Pump.fun ranked fourth, rising 5.26% to 2.86 KRW, jumping 9.37% over the last 24 hours. PancakeSwap ranked fifth, up 4.89% to 2,063 KRW, with a 6.23% rise in the last 24 hours. Following these were OKX Token, up 4.86% to 121,843 KRW; Jupiter, up 4.39% to 278 KRW; BNB, up 4.22% to 840,500 KRW; Lyra, up 3.81% to 3,186 KRW; and Ondo Finance, trading at 591 KRW, up 3.56%.

Odyera is a project that combines a BNB Chain-based rhythm dance game with AI music production. Users create songs using virtual idols, and BEAT tokens are used for game rewards, feature access, and creator incentives. The project announced the burning of 797,230 BEAT on July 20, linked to weekly revenue. However, an unlock of 21.25 million BEAT is scheduled for August 1. The trend of a sharp weekly spike followed by a 24-hour decline suggests a mix of profit-taking and supply pressure.

Uniswap is a decentralized trading protocol where users swap tokens directly from their wallets. During the reporting period, it unveiled "Dual Pools," which attach interest to idle funds while pulling liquidity only at the moment of a trade, and "Permissioned Pools," which verify the trading eligibility of regulated assets on-chain. A "Launches" beta, which aggregates new token releases, was also added. The fact that a significant portion of the weekly gain occurred in the last 24 hours indicates that buying momentum was concentrated at the end of the reporting period.

Shiba Inu began as a meme coin and has expanded into the Ethereum scaling network Shibarium and the decentralized exchange ShibaSwap. No single new announcement was identified to explain this week’s price action. Instead, interpretations suggest that the combination of net outflows from exchanges and an increase in token burns reduced short-term selling pressure. Although it rose 2.08% in the last 24 hours, the momentum was more moderate compared to the weekly growth rate.

Pump.fun is a platform on Solana that allows anyone to issue meme coins and facilitate initial trading. PUMP employs a structure where half of the platform's revenue is used to buy back and burn tokens from the market. Official records show daily buybacks and burns occurred between July 24 and 26. The 9.37% 24-hour gain outpacing the 5.26% weekly gain indicates that a late-period rally recouped earlier losses.

PancakeSwap is a decentralized exchange centered on the BNB Chain, providing token swaps, liquidity provision, and perpetual futures. Recently, it expanded its terminal to trade stocks, ETFs, and bonds in tokenized forms. CAKE has also continued a 34-month streak of net supply reduction. However, because the 24-hour gain was higher than the weekly gain, the price appreciation was concentrated in the final day.

Source = CoinMarketCap

Ranked 6th to 10th were exchange and network tokens OKX Token and BNB, Jupiter (which aggregates Solana trading paths), the derivatives exchange Lyra (which verifies order execution and liquidation), and Ondo Finance, an ecosystem for tokenized financial products. Rather than a single theme, the market appeared to see rotation across trading infrastructure, real-world assets, and derivatives.

The common thread among the top 10 was not a blanket rally across DeFi, but selective buying of tokens where trading and fees translate into actual demand. Odyera pulled back after a spike, while Uniswap, Pump.fun, and PancakeSwap saw their gains concentrated in the final day. Experts explained, "It is more reasonable to view this as a market landscape where individual catalysts and thin liquidity are amplifying the volatility of mid-cap altcoins, rather than a full-scale market trend reversal."

※ This article was written by the generative AI of BizHankook and MetaVX.

This article was automatically translated by AI. There may be errors compared to the original Korean article.
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