Today's cryptocurrency ups and downs: Targon soared 5387%, DeXe plummeted

Why is today's cryptocurrency rise and fall list the headlines?

In the world of cryptocurrencies, there are days that are simply unbelievable. Today is one of them. Two small AI tokens have risen by more than 4000% in 24 hours, while one that hit a record high just 11 days ago has now fallen by more than half. This comprehensive list of cryptocurrency ups and downs interprets each trading currency one by one, and attaches the source of each fact.

Overview of the cryptocurrency market today

Before analyzing specific currencies, let's take a look at today's broader cryptocurrency market conditions:

The total market value of

is close to US$2.31 trillion, up about 0.7% in the past 24 hours, and the 24-hour trading volume is approximately US$58.78 billion. The CMC Cryptocurrency Fear and Greed Index currently reads at 37 and remains in the fear range. Bitcoin's market today showed that BTC fluctuated between US$64,000 and US$65,000, suppressed by the 50-day moving average, as traders remained cautious due to increased tensions in the Middle East and oil prices exceeding US$100. Goldman Sachs CEO David Solomon expressed support for the CLARITY Act, which is expected to bring clearer rules for the cryptocurrency market, despite persistent bipartisan differences. The global supply of stablecoins has climbed to nearly US$310 billion, demonstrating growing demand for institutions that settle along the regulated chain.

Against this background, the following are the best gains and losses of cryptocurrencies today.

Today's increase list

1. Why is Targon rising today?

Targon led the biggest gainer today, surging 5,387.1% to US$10.80, with a market value of US$56.403 million. Targon is subnet 4 of Bittensor, a decentralized AI network, which just launched TargonOS, a confidential computing platform that provides rentable GPU and CPU virtual machines based on hardware-level encryption, built with Intel. In addition, Kraken added Targon to its exchange launch roadmap in June, and today's explosive move seems to be related to this increasing exchange visibility and new product launches.

Risk needs to be aware: Bitcoin trading in the Bittensor subnet is thin. Based on the pledge mechanism, once speculative buying cools down, fluctuations of this magnitude may also reverse quickly.

2. Why is Score rising today?

Score surged 4,080.7% to $6.57, with a market value of $32.972 million. Similar to Targon, Score is a Bittensor subnet token, officially known as subnet 44, and is also included in Kraken's subnet token launch roadmap (along with six other subnets). Since there is no single new news that can explain today's precise increase, it looks like the same wave of speculative buying has pulled up multiple Bittensor subnet tokens simultaneously.

Risk needs to be known: These subnet tokens have just entered the centralized exchange for trading, but the prices are still unstable and prone to large fluctuations.

3. Why did Pearl rise today?

Pearl rose 31.1% to $0.2882, giving it a market cap of $73.514 million. Pearl Research Labs recently announced that it has joined Nvidia's Inception program, Nvidia's support program for AI startups, and the team is building accelerated reasoning technology. This new association with Nvidia appears to be the most obvious driver of today's strong gains.

Risk to be aware: A cooperational-driven rally like this could fade quickly once the initial news cycle has passed.

4. Why is Billions Network rising today?

Billions Network rose 23.2% to US$0.03096, with a market cap of US$75.211 million. Billions Network is a privacy-first digital identity project that uses zero-knowledge technology to allow users and AI agents to prove their authenticity without exposing personal data. The project is also expanding its x402 proxy payment protocol, which was built with Coinbase and Cloudflare to allow verified AI agents to pay for services autonomously, adding new practicality to tokens.

Risk to be aware: Such identity-centered tokens are often driven by roadmap messages rather than stable usage growth, so volatility may remain high.

5. Why is Audiera rising today?

Audiera was among the gainers today, rising 19.2% to $3.15, with a market value of $975.25 million. Audiera is an AI-driven music-themed Web3 game platform. Its BEAT tokens have increased significantly many times in history due to brand partnerships and creative activities. Today's rise is in line with the same pattern of renewed attention to its ecosystem.

Need to know the risks: Audiera has experienced large two-way fluctuations before, so today's strength may not last.

Overall

Token: Targon, Price: $10.80, Market Cap: $56.403M, 24h Change: +5,387.1%

Token: Score, Price: $6.57, Market Cap: $32.972M, 24h Change: +4,080.7%

Token: Pearl, Price: $0.2882, Market Cap: $73.514M, 24h Change: +31.1%

Token: Billions Network, Price: $0.03096, Market Cap: $75.211M, 24h Change: +23.2%

Token: Audiera, Price: $3.15, Market Cap: $975.25M, 24h Change: +19.2%

The above data reflects the latest available data at the time of writing, and due to the extremely rapid fluctuations of these tokens, they may change within minutes.

Today's decline list

1. Why did DeXe fall today?

DeXe led the biggest decline today, falling 53.3% to US$1.94, with a market value of US$186.343 million. Just 11 days ago (July 13, 2026), DeXe hit a record high of $48.91 and has since fallen more than 96% from its peak. Its 7-day range alone ranges from $1.57 to $46.65, showing the severity of the correction. In addition, a $6.2 million wallet transfer appears to be the reason for more details. After that parabolic rally, a large amount of profit-taking appears to be the main driver of today's continued decline.

Need to know the risks: Tokens that experience rapid, near-vertical gains are particularly prone to giving up most of the gains equally quickly, and that is what is happening right now.

2. Why did UP fall today?

UP fell 39.5% to US$0.05901, with a market value of US$28.954 million. As a token with a small market cap, UP is prone to excessive fluctuations in relatively light trading volumes, and today's decline seems more in line with this low-liquidity pattern than with any single confirmation of news.

Risk needs to be aware: Such low-liquid tokens may experience two-way amplified fluctuations under relatively small trading activities.

3. Why did Jimothy the Raccoon fall today?

Jimothy the Raccoon fell 31.3% to $0.02427, with a market value of $24.278 million. The Solana memin, named after a raccoon named Jimothy who became a Seattle Internet celebrity, has fluctuated violently since its launch on July 16, including a rise after it was mentioned on White House social media. There are no new catalysts today, which seems to be a cooling off after the previous wave of attention.

Need to know the risks: Such memes, which are purely attention-driven, may fall as fast as they rise once the popularity fades.

4. Why did Velvet fall today?

Velvet fell 18.9% to US$0.4167, with a market value of US$175.494 million. Velvet Capital operates a DeFi asset management platform and AI-driven trading terminals that allow users to build tokenized portfolios and trade across multiple chains. Today's decline is consistent with the overall correction in DeFi-related tokens, rather than any particular Velvet-related news event.

Risk to be aware: DeFi infrastructure tokens can fluctuate significantly as overall market risk appetite changes.

5. Why did Stacks fall today?

Stacks ranked at the bottom of today's decline list, falling 12.0% to US$0.1465, with a market value of US$272.262 million. Stacks has just launched PoX-5 's public test network, its Bitcoin pledge mechanism, and plans to conduct a hard fork on the main network around July 29, 2026. Today's decline appears to be a profit-taking by traders ahead of the expected hard fork, rather than a negative reaction to the event.

Need to know the risk: Tokens often fall before major network upgrades because short-term traders lock in gains ahead of events.

Decline Total

Token: DeXe, Price: $1.94, Market Cap: $186.343M, 24h Change: -53.3%

Token: UP, Price: $0.05901, Market Cap: $28.954M, 24h Change: -39.5%

Token: Jimothy the Raccoon, Price: $0.02427, Market Cap: $24.278M, 24h Change: -31.3%

Token: Velvet, Price: $0.4167, Market Cap: $175.494M, 24h Change: -18.9%

Token: Stacks, Price: $0.1465, Market Cap: $272.262M, 24h Change: -12.0%

The above data reflects the latest available data at the time of writing, and due to the extreme volatility of these tokens, they may change within minutes.

Conclusion: A market full of extreme prices

Today's cryptocurrency ups and downs show how different the trends of different tokens can differ on the same day. Bittensor subnet tokens soared due to new exchange access, while DeXe gave up almost the entire month's gains in hours. As always, please treat any single-day cryptocurrency news as a snapshot rather than a signal to chase the market.

Disclaimer : This article is for reference only and does not constitute financial, investment or trading advice. The prices and data in this article are accurate at the time of writing, but due to the volatility of the cryptocurrency market, they may change rapidly. Past performance does not guarantee future results, and small-cap or newly listed tokens (including memes) bear additional risks due to thin liquidity and price fluctuations. Before making any investment decisions, be sure to independently verify current data, conduct your own research, or consult a licensed financial adviser.