Crypto Market Movers: XPL, 2Z, KAITO, ICP, QNT Surge in Last 6 Hours
XPL +9.75%
XPL is the native token of the Plasma blockchain, a platform gaining traction in DeFi with significant total value locked (TVL) milestones.
#XPL has seen a notable price jump recently, driven by the founder’s public rebuttal of negative reports and a $15 million whale trade that highlighted platform liquidity. The Plasma network attracted over $3 billion in TVL within 24 hours of launch, pushing XPL’s price up by as much as 35% to around $1.43. This momentum reflects growing investor confidence and increasing DeFi activity on Plasma.
Given the strong fundamentals and ongoing network growth, XPL’s price is likely to sustain its upward trajectory in the near term, potentially surpassing $1.50 if positive sentiment continues. However, investors should watch for volatility linked to whale trades and market sentiment shifts.
2Z +8.69%
2Z is the token associated with DoubleZero, a DePIN project recently receiving favorable regulatory attention from the SEC.
#2Z surged an extraordinary 498% within 24 hours amid market volatility, fueled by the SEC’s no-action relief letter which signals regulatory friendliness towards its token distribution. The project’s focus on aligning network costs and validator economics through innovative tech like multicast and edge filtration has also attracted speculative interest.
This explosive gain may be short-lived given the typical volatility of memecoin-inspired tokens and regulatory uncertainties. While 2Z could see further spikes, caution is advised as prices may correct sharply after this rapid surge.
KAITO +8.09%
KAITO is a token tied to Kaito AI, an InfoFi platform offering data analytics and social finance rewards.
#KAITO has rebounded strongly with over 150% gains in recent weeks following exchange listings and token unlock events distributing around 8.35 million tokens. Its utility in reward systems and SocialFi applications underpins growing demand despite ongoing product challenges.
The current momentum suggests KAITO could continue rising moderately as adoption expands, but unresolved core product issues may cap upside potential. A cautious bullish outlook is warranted with possible resistance near current levels.
ICP +7.99%
ICP is the governance and utility token of Internet Computer, a blockchain aiming to decentralize cloud computing.
#ICP experienced a strong buying frenzy recently, surging over 22% to $9.49 with market cap hitting $5.11 billion. This rally coincided with new on-chain freelance platform launches and bullish technical patterns suggesting sustained interest from investors.
If ICP maintains support above $4.58 and breaks decisively above $6.10 as forecasted, it could continue climbing further. The combination of network developments and positive technical signals supports a bullish outlook for ICP in the near term.
QNT +7.54%
QNT is the utility token for Quant Network, used for licensing and accessing its interoperability platform features.
#QNT saw a 7% price increase despite mixed market momentum, driven by its fixed supply model that ties token value directly to network usage. The token’s role in enabling cross-chain connectivity keeps it relevant amid growing demand for blockchain interoperability solutions.
Given QNT’s steady utility demand and limited supply, its price is expected to maintain gradual upward pressure. However, broader market conditions will influence whether this trend can accelerate beyond current gains.
