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Following
PENGU 
XRP The two leading players quietly emerging in the current cryptocurrency rally
In the recent cryptocurrency market, two names have quietly become outstanding performers: Ripple (XRP) and Fat Penguin (PENGU). Both tokens have recorded significant gains in the past week, regaining the attention of traders and analysts, but most of the mainstream financial media have not yet noticed this trend.
According to CoinGecko, XRP has risen 40% in the past week, while PENGU has risen 50% over the same period, making it one of the strongest performing assets in the current altcoin space.
What drove XRP up?
XRP lingered in the range of $0.90 to $1.10 for most of the summer before soaring more than 56% in a week, its largest weekly gain since a rebound following the Securities and Exchange Commission settlement in August 2025. The rally was driven by a combination of short liquidations, renewed inflows of ETF funds and momentum in the broader cryptocurrency market.
In addition, good news at the regulatory level has also injected momentum into the market. U.S. President Trump met with cryptocurrency industry executives at the White House, including Ripple CEO Brad Garinhaus, and urged the Senate to pass the CLARITY Act. The bill will clarify whether XRP and other cryptocurrencies fall under the jurisdiction of securities laws. At the institutional level, spot XRP ETFs recorded inflows of US$8.16 million in the first three days of a given trading week, and the total net assets held by these funds now exceed US$1 billion.
PENGU is sought after in the rotation of the memecoin sector.
Driven by the overall rise in cryptocurrencies, coupled with increased popularity and high social media popularity, the price of PENGU tokens in Fat Penguin has risen sharply. Market mechanisms further amplified this rally: market activity accelerated after PENGU broke through the downward resistance structure. In the initial breakout, short positions accounted for approximately $842,000 of approximately $999,000 in PENGU liquidations, forcing bearish traders to leave the market. Exchange incentives have also helped, such as LBank's launch of a $500,000 Fat Penguin event, including trading rewards, futures competitions and PENGU lock-up wealth management product with an annualized return of 10%.
This rally is not an isolated phenomenon. Tokens such as PUMP, TRUMP, ENA, ZEC, POL, PEPE and HYPE all rose along with XRP and PENGU, indicating a broader rotation of risky assets in the cryptocurrency market. The main drivers appear to be at the macro level: short squeeze and regulation-driven gains have generally pushed up market risk appetite, while large, liquid memecoins like PENGU have become natural beneficiaries.
Whether this momentum can be sustained will depend on whether there is room for further development of broader market catalysts centered on regulatory transparency and institutional capital inflows. For now, both XRP and PENGU are the clearest manifestations of current market risk appetite.
