SYRUP, MOVE, DEXE among top gainers as cryptocurrencies eye fresh gains

• Cryptocurrencies are up as Maple Finance (SYRUP) price spikes 19% amid institutional DeFi adoption.
• The Movement (MOVE) token gained 17% as price hits $0.19 on rising volume.
• DeXe’s DEXE token jumped 10% in 24 hours to hit highs above $9 after a sharp rebound off $5.30.

Maple Finance (SYRUP), Movement (MOVE), and DeXe (DEXE) have posted remarkable price moves in the past 24 hours, all up by double-digits as cryptocurrencies bid for further gains.

The upside action for these altcoins come as Bitcoin holds above $106k, and stock futures suggest investors are pricing in a thawing in the Israel-Iran hostilities.

At the time of writing, SYRUP traded around $0.62, up nearly 19% in 24 hours. Meanwhile, MOVE hovered near $0.18 and DEXE changed hands at highs of $9.10, up 17% and over 10% respectively.

Analysts at QCP Group summed up the market sentiment in a post on X:

“Israel resumed strikes shortly after a fragile ceasefire, but markets barely reacted. Traders seem to have priced in peace or stopped waiting. Risk appetite surged as the Nasdaq 100 hit record highs and the S&P 500 neared its 2020 peak. Oil also returned to pre-conflict levels.”

Maple Finance (SYRUP) price

Maple Finance’s SYRUP token has soared 19% in the last 24 hours, trading to highs of $0.62 with a market capitalization of $684 million. A 24-hour trading volume of $188 million, up 24% in this period,  reflects strong market confidence.

The price rally aligns with broader crypto gains,with top altcoins also rallying.

However, Maple’s transition to a leading on-chain asset manager, and blending traditional finance expertise with decentralized finance (DeFi) innovation, is seeing industry take notice.

Maple’s lending and structured products are appealing to institutional investors, which is likely to buoy the $SYRUP token further.

Currently, Coinglass data shows open interest in SYRUP is up 56% to nearly $69 million, while derivatives volume has jumped to over $308 million.

Movement (MOVE) surges to $0.19

Movement’s MOVE token has climbed 17% over the past day, reaching $0.19.

A look at the charts also shows that MOVE is up more than 42% in the past week, with gains coming amid fresh interest in the token. Move Foundation’s buyback initiative is part of the upside catalysts, with 10 million and 8 million repurchased on June 20 and June 22 respectively.

DeXe (DEXE) price jumps to $9

DeXe’s DEXE token rose sharply after tapping support near $5.30 on Wednesday.

With gains of over 10% in 24 hours, the token’s price jumped to a high of $9.10, rising amid a 560% spike in daily volume. Per CoinMarketCap, the daily volume for DEXE stood at $104 million at the time of writing.

Gains for DeXe come as its governance model, which allows DEXE holders to influence protocol decisions, strengthens community trust.