PowerPool (CVP) Recorded the Highest Gain

PowerPool (CVP) recorded the highest gain among cryptocurrencies on May 2, not able to sustain the momentum, with a staggering 156.9% surge in 24 hours. According to Phoenix Group data, the token rallied to $0.07 and was actively traded on Gate.io.

After the sharp uptick, CVP's market capitalization reached $2.5 million, placing it among the mid-cap tokens. The remarkable rally positioned the token at the top of the daily gainers list, even ahead of larger and more established digital assets.

CVP's move marks one of the most notable intraday performances this month, driven by heightened trading volumes on mid-tier exchanges. The sudden price acceleration occurred despite the project's relatively small market capitalization compared to other listed gainers.

Pundi AI (PUNDIAI) secured the second spot with a substantial 47.9% gain. Trading at $11.86 on KuCoin, the asset now has a market capitalization of $100.5 million. The token's Pundi AI (PUNDI) is a major player in the Web3 integration sphere, aiming to connect the decentralized ecosystem with stiffs.

Haedal (HAEDAL), a token listed on Bybit, saw a significant increase of 27.2%, reaching $0.15 by the close of the day's trading session. As a result, HAEDAL's market cap climbed to $30.3 million. The notable price action placed HAEDAL among the top three gainers, further supported by noticeable activity on the exchange.

In the realm of Decentralized Finance (DeFi), two tokens stood out: Beethoven X (BEETS) and Balancer (BAL). BEETS showed a strong gain of 24.3%, while BAL experienced a noteworthy increase of 23.5%. Balancer, trading at $1.19, has a market capitalization of $74.5 million and is listed on Coinbase. Both tokens have shown trading resilience recently but recorded some of their strongest single-day performances on May 2.

Among the high-capitalization tokens, Engine (EGP) emerged as a prominent name on the gainers list by market size. The token rose by 20.8%, coti at $1.01 on BitMart. With a market capitalization of $515.2 million, EGP ranked as the highest-cap asset among the top five gainers. Its strong price movement suggests active trading interest among holders despite broader market fluctuations.

Another high-value token, Immutable X (IMX), also maintained a leading position in overall market value. The token climbed 14.4% to $1.10, with a reported market cap of $1.1 billion. IMX is traded on Bybit and remains one of the few billion-dollar assets among the day's ten.

In the lower tiers of the top ten, Arweave (AR), recognized for its data storage model, gained 15.3% to reach $7.91 on Binance. PARCL (PRCL) and Everscale (EVER) both recorded identical gains of 14.6%. At the time of this report, PRCL is priced at $0.09, while EVER is $0.06 and both tokens trade at lower volume exchanges.