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Zcash (ZEC) surged 28.13% to $323.53 on April 8, leading CoinGecko’s gainers list. LayerZero rose 18.11% to $2.08, Rain climbed 17.25% to $0.007592, Sui added 12.09% to $0.9740, and Ethena gained 10.61% to $0.0908. On the downside, JUST fell 3.92% to $0.0622, while MemeCore, Canton, Ondo US Dollar Yield, and TRON also traded lower.
Zcash (ZEC): Up 28.13% to $323.53. The privacy-focused network uses zk-SNARKs for shielded transactions and previously implemented NU5 with Halo to remove trusted setup requirements. The rally lifted ZEC’s market capitalization to $5.38B.
LayerZero (ZRO): Rose 18.11% to $2.08. No specific news was cited for the move. LayerZero is an interoperability protocol for cross-chain messaging, with ZRO serving as the network’s governance and incentive token. Its market cap was reported at $524.81M.
Rain (RAIN): Increased 17.25% to $0.007592. With a market cap of $3.63B, the token’s low unit price means percentage changes can be amplified by small absolute moves. The gain placed RAIN among the higher-beta performers by headline percentage.
Sui (SUI): Advanced 12.09% to $0.9740. Built by Mysten Labs, Sui is a Layer-1 using Move and parallelized execution aimed at high throughput and faster finality. The move took SUI’s market cap to $3.85B.
Ethena (ENA): Added 10.61% to $0.0908. Ethena underpins USDe, a synthetic dollar using delta-hedged crypto collateral and off-exchange hedging, alongside sUSDe for yield distribution. ENA is used for governance and incentive alignment across stabilization and liquidity programs, with a market cap of $794.55M.
JUST (JST): Down 3.92% to $0.0622. JST is linked to the TRON-based JUST DeFi suite, including lending and stablecoin components that rely on on-chain collateralization. The decline left JST with a $548.57M market cap, described as the steepest drop among the tracked names.
MemeCore (M): Slipped 3.84% to $2.63. After the pullback, its market capitalization was reported at $4.61B.
Canton (CC): Declined 1.96% to $0.1450. Post-move market capitalization was reported at $5.55B.
Ondo US Dollar Yield (USDY): Eased 1.41% to $1.11. USDY is a tokenized note from Ondo that accrues U.S. dollar yield via short-duration Treasuries and cash-like instruments. The day’s move put USDY’s market cap at $1.30B.
TRON (TRX): Edged lower 0.54% to $0.3147. TRX powers the TRON Layer-1, processing high volumes of stablecoin transfers with low fees and fast settlement. After the mild dip, TRX’s market cap stood at $29.83B.
The spread between top movers widened, with the leading gainer Zcash up 28.13% and the biggest decliner JUST down 3.92%. Gainers were concentrated in double digits, ranging from 10.61% to 28.13%, while losers were contained within a 0.54% to 3.92% band.
Attention is now on whether momentum persists in privacy and interoperability names after the day’s outsized prints, and whether large caps such as TRX stabilize. The focus also includes follow-through in altcoin breadth versus majors and any rotation signals from derivatives funding and spot liquidity into higher-cap names.
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