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The cryptocurrency market witnessed a significant rebound last week, ably supported by leading memecoins and Telegram-linked Toncoin.



What happened: BNX, the native token of the GameFi platform BinaryX, topped the gainers list, exploding over 60% over the week.



The BNB Chain BNB/USD-based coin was just 10% away from bettering its all-time high set two years ago.&nbsp;



The rally came ahead of the project's rebranding to Four (FORM) to align with its newest product, Four.meme, an ecosystem for meme coins.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Four is evolving, and the future is <a href="https://twitter.com/search?q=%24FORM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FORM</a>. To bring clarity and truly return Four to the community, we are revising the token symbol from <a href="https://twitter.com/search?q=%24Four&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Four</a> to <a href="https://twitter.com/search?q=%24FORM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FORM</a>.<a href="https://twitter.com/search?q=%24FORM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FORM</a> represents continuous creation and infinite possibilities. The ecosystem remains strong—we're building DeFi, GameFi,… <a href="https://t.co/OFWDdohOCl">pic.twitter.com/OFWDdohOCl</a>&mdash; BinaryX (@binary_x) <a href="https://twitter.com/binary_x/status/1893927616861876319?ref_src=twsrc%5Etfw">February 24, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Toncoin, the native token of The Open Network, was the second most successful cryptocurrency over the week, returning over 34% to its holders.&nbsp;



The surge followed the <a href="https://in.benzinga.com/tech/25/03/44347961/ton-token-value-soars-20-as-telegram-founder-pavel-durov-regains-passport-from-french-authorities">recovery</a> of Telegram founder Pavel Durov‘s passport from French authorities. The tech entrepreneur was<a href="https://www.benzinga.com/news/24/09/40743743/telegram-founder-pavel-durov-slams-france-in-first-public-comments-since-detention-still-trying-to-u"> detained</a> in August 2024 amid an investigation into crimes related to child pornography, drug trafficking, and fraudulent transactions on the popular social messaging platform.



The decentralized exchange token CAKE followed with a 30% spike last week, aided by an 11% weekly <a href="https://defillama.com/dexs">increase </a>in volumes on PancakeSwap.



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 12:30 a.m. ET)</td></tr><tr><td>BinaryX BNX/USD</td><td>+60.71%</td><td>$1.62</td></tr><tr><td>Toncoin TON/USD</td><td>+34.00%</td><td>$3.59</td></tr><tr><td>PancakeSwap CAKE/USD</td><td>+30.86%</td><td>$2.04</td></tr></tbody></table></figure>



See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44267582/us-house-committee-favors-stablecoin-regulation-to-strenthen-dollar-advocates-against-cbdc">House Committee Favors Stablecoin Regulation To &#8216;Strengthen&#8217; Dollar: Majority Whip Says CBDCs Against &#8216;American Values&#8217;</a>



Market leader Bitcoin BTC/USD eked out a gain of 1.10%, while Ethereum ETH/USD, the second-largest cryptocurrency, fell more than 8% in a week.



Meme heavyweight Dogecoin DOGE/USD was broadly unchanged over the previous week, while Shiba Inu SHIB/USD and Pepe PEPE/USD outperformed with gains of 8.50% and 10.87%, respectively.



The total cryptocurrency market capitalization rose 4.5% over the week to $2.71 trillion.



Photo by Avi Rozen on Shutterstock



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The cryptocurrency market witnessed a significant rebound last week, ably supported by leading memecoins and Telegram-linked Toncoin. What happened: BNX, the native token of the GameFi platform BinaryX, topped the gainers list, exploding over 60% over the week.

Bitcoin, Dogecoin Were Muffled Last Week But Telegram's Pavel Durov Getting His Passport Back Gave Toncoin Its Wings 

Aniket Verma

The cryptocurrency market witnessed a significant rebound last week, ably supported by leading memecoins and Telegram-linked Toncoin.



What happened: BNX, the native token of the GameFi platform BinaryX, topped the gainers list, exploding over 60% over the week.

BinaryX

PancakeSwap

Pavel Durov

Toncoin

$BNB

$BNX

$BTC

$CAKE

$DOGE

$ETH

$PEPE

$SHIB

$TON

Bitcoin, Dogecoin Were Muffled Last Week But Telegram's Pavel Durov Getting His Passport Back Gave Toncoin Its Wings

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