Usman Salis
Weekend crypto trading delivered a tale of two markets this week, with digital assets pulling in completely opposite directions. While some coins celebrated massive double-digit gains, others took a beating that left traders scratching their heads. The latest data from the CoinDesk 20 Index tells the story of a market that can't seem to make up its mind – and it's creating some serious opportunities for those paying attention.
Stellar Takes a Nosedive
Stellar (XLM) had a rough weekend, plummeting 4.3% to claim the unwanted title of worst performer in the CoinDesk 20. The drop was enough to drag the entire index down 1.6% between Thursday afternoon and Monday morning – a reminder of how one coin's bad day can ripple through the broader market.
The pain wasn't limited to Stellar, though. Solana (SOL) joined the selloff with a 1.2% decline, while Hedera (HBAR) and Litecoin (LTC) also posted losses of 0.8% and 0.5% respectively. For holders of these altcoins, it was definitely a weekend to forget.
Chainlink Steals the Show
But here's where things get interesting. While some coins were getting hammered, Chainlink (LINK) was having the time of its life – rocketing up 16.3% to become the weekend's undisputed champion. That's the kind of move that makes traders do a double-take and wonder if they missed something big.
The rally didn't stop there. Polygon (POL) caught some of that momentum with an 8.2% jump, while Polkadot (DOT) and Filecoin (FIL) added solid gains of 2.4% and 1.4% respectively. Even the smaller movers like Aptos (APT), Avalanche (AVAX), and Internet Computer (ICP) managed to eke out positive returns, proving that when the bulls want to run, they really run.
This kind of market split is exactly what keeps crypto trading exciting – and unpredictable. One day you're celebrating, the next you're wondering what happened. That's just another Monday in the wild world of digital assets.
Usman Salis
