The crypto market recorded a large rally on April 28, 2025

According to data released by Phoenix Group, the crypto market recorded a large rally on April 28, 2025, with several altcoins posting daily gains.

Daily Top 10 Gainers

Investors displayed renewed sector-specific interest in blockchain gaming, NFTs, scalability projects, AI initiatives, and privacy tokens. Trading volumes across key exchanges reflected increased engagement as altcoins outpaced Bitcoin’s relative stability.

Efinity (EFI) led the list of top gainers with an 80.8% increase, pushing its price to $0.21. The token’s market capitalization rose to approximately $301.8 million. A large portion of EFI’s trading volume was registered on MEXC Exchange. The price movement corresponded with broader interest in gaming and NFT-related blockchain ecosystems, sectors that have shown recurring trading spikes throughout 2025.

Casper Network (CSPR) ranked second among daily gainers, climbing 62.2% to trade at $0.11. By the end of the session, its market capitalization reached $213.3 million. Additionally, heavy trading activity occurred on Bitget, suggesting focused accumulation around scalable Layer-1 blockchain platforms. During the session, CSPR’s movement marked one of the highest single-day increases among infrastructure-focused tokens.

Function X, Supra, and Monero Record Significant Gains

Function X (FX) posted a 44.3% daily gain, trading at $0.12 with a $101.6 million market capitalization. The token saw most of its trading activity on CoinEx. FX’s rise added to the day’s broader theme of investors seeking alternatives within decentralized ecosystems.

Supra (SUPRA) advanced 36.7%, pricing at $0.007 with a total market capitalization of $88.1 million. Trading activity for SUPRA was largely concentrated on Bybit. The gain positioned SUPRA among the leading smaller-cap tokens, showing increased momentum.

Monero (XMR), the largest token by market capitalization among the day’s top performers, rose by 34.5%. XMR closed at $308.38, expanding its market cap to $5.6 billion. KuCoin registered the highest volume of Monero trading for the day.

Pudgy Penguins’ PENGU Token Extends Uptrend

Pudgy Penguins’ token, PENGU, climbed by 33.9%, reaching $0.80. The token’s market capitalization hit $836.5 million, driven largely by trading activity on BitMart. PENGU’s move reflected heightened interest among retail participants in NFT-linked tokens. Despite market fluctuations earlier in the month, PENGU maintained consistent momentum through April’s final week.

Other Top Gainers: BMT, ARC, GRIFT, and DEEP

Many other tokens also received an increase in value throughout the day during the trading session. Some of the company’s mining stocks, including BubbleMaps (BMT), were up 31.2%, and AI Rig Complex (ARC) was up 26.6%. Orbit’s GRIFT token also gained 24.3%. DeepLock’s DEEP token also featured a 21.2% gain toward the bottom and was last at $0.21.

The market observed a more focused accumulation on particular sectors like finance, rather than the broad-based buying witnessed in the previous session on April 28. Most of the gains were seen in sectors involving technology, gaming, NFTs, Blockchain scalability, Artificial Intelligence, and privacy coins.