The biggest rise and fall of cryptocurrency today: CashCat surged 1193%, LAB plummeted

Why are the winners and losers of these cryptocurrencies fluctuating today?

Today\'s crypto winners and losers show that the market is 50 - 50. Bitcoin is regaining lost ground after a difficult June, while a few altcoins are making explosive movements in both directions. Here are the tone setters for today\'s cryptocurrency market, before we delve into individual tokens: Bitcoin prices are currently around $63,000 and are recovering after falling to a 21-month low of around $58,000 at the end of June. A weak U.S. jobs report has traders betting that the Federal Reserve will cut interest rates, hopes that are spilling over into cryptocurrency sentiment. Still, the Fear and Greed Index has not moved significantly, so most traders remain cautious even if prices recover. Altcoins are moving with individual sudden fluctuations rather than a unified trend. Memoin and privacy coins are today\'s biggest headline makers. In this context, let\'s take a look at today\'s winners and losers.

Overview of Today\'s Winners and Losers

Cash Cat: Price 0.0854 US$0.0854, 24-hour change +1,193.1%, main catalyst: Robinhood Chain meme-mania

EVAA Protocol: Price 2.87, 24-hour change +165.6%, main catalysts: increased trading volume, driven by DAO governance

Zcash: Price 480.81, 24-hour change +8.0%, main catalysts: institutional buying, privacy coin revival

EthGas: Price 0.09965, 24-hour change-24.8%, main catalyst: Ethereum\'s low Gas fee weakens demand

Grass: Price 0.3593, 24-hour change-33.0%, main catalyst: Selling news effect after airdrop community meetings

LAB: Price $3.71, 24-hour change-76.7%, main catalysts: Internal supply allegations,$336 million in tokens unlocked

Today\'s cryptocurrency winner

Can Cash Cat maintain its 1,193% memin rally?

Cash Cat is the most volatile token on the market today. The meme token runs on Robinhood Chain, a Layer 2 network launched by Robinhood on July 1 that focuses on on-chain finance and real-world assets. Interestingly, Cash Cat was actually the original mascot used by the Robinhood stock trading app, before the company later replaced it with its current logo. This nostalgic connection, coupled with early hype about the newly launched chain, drove trading volume soaring, sending the token\'s market value to exceed $45 million in one day. This is a classic case of meme energy encountering a new infrastructure, but remember that these tokens have no intrinsic value and fall as fast as they rise.

Is EVAA Protocol rising due to DeFi demand?

EVAA Protocol allows users to borrow and earn income directly through Telegram Mini programs without the need for a separate wallet. Buyers poured in today, pushing trading volume above US$10 million, while open interest in the futures market exceeded US$100 million. The agreement has also been committed to its DAO governance model, giving token holders a real say in fees and platform rules. This participation tends to attract new capital when market sentiment improves, and today EVAA is riding on this wave to rise strongly.

Why is Zcash (ZEC) back in the spotlight?

Zcash proves that older, more mature currencies can still perform well. The token has just broken out of the bullish flag shape, pushing up blocked trading demand and open contracts. Zcash has become a proxy for a broader revival of privacy coins this year, with institutional buyers such as Multicoin Capital publicly opening large positions. Traders shorting Zcash also suffered severe squeeze, with more than $7 million in short positions being cleared during the rise. [TAG 69] With the arrival of an upgrade to Ironwood\'s network later this month that promises to provide greater security for blocking transactions, Zcash\'s steady climb looks more like real confidence than hype.

Today\'s cryptocurrency losers

Why did LAB fall more than 75% today?

LAB, the token behind a popular multi-chain trading terminal, is going through a brutal period. Prices plunged from nearly $20 to about $7.50 amid allegations that insiders controlled a large portion of the supply. To make matters worse, a $336 million token unlock will be gradually released during July, adding new selling pressure just as market trust in the project has been shaken. This is a clear reminder that even tokens with actual product utility can collapse significantly when transparency issues dominate.

Is Grass (GRASS) facing a sell-news decline?

Grass rewards users for sharing unused Internet bandwidth to help train AI models and builds strong momentum ahead of an important community meeting on July 7. The meeting was expected to release details about the massive GRASS second-season airdrop, worth approximately 170 million tokens. It now appears that the subsequent impact of the announcement, coupled with profit-taking after several weeks of strong gains, is sending prices down sharply. When a major unlock or airdrop finally arrives after months of anticipation, news-selling reactions like this are extremely common.

Why did EthGas lose power today?

EthGas converts Ethereum\'s future block space into tradable assets, allowing traders to effectively bet on future Gas fees. The current problem is simple: the Ethereum network is extremely deserted, and Gas fees are at historically low levels. Since EthGas\'s entire value story relies on Gas fee activities, the network\'s coolness directly undermines demand for the token. EthGas may still struggle to gain a foothold until congestion returns to Ethereum.

Last words: Understand the story behind every wave of market

Every name on today\'s list of cryptocurrency winners and losers has its own story, from Robinhood-related meme mania to internal scandals to Ethereum\'s low Gas fees. The lesson for traders is simple: Big percentage changes are meaningless without knowing the reason. Before chasing a candle diagram, be sure to identify the catalyst.

Disclaimer : This article is for reference only and does not constitute financial advice. Cryptocurrency prices may fluctuate violently, so please study for yourself before making any investment.