The cryptocurrency market witnessed a fresh wave of momentum on May 4, with several altcoins posting strong gains amid steady activity in major tokens.
Leading the rally, Toncoin surged by over 27%, emerging as the top gainer of the session. The sharp uptick signals renewed investor interest in mid-cap tokens, often seen as higher-risk, high-reward bets during bullish phases.
Close behind, SKYAI advanced more than 20%, while RaveDAO climbed nearly 17.7%. Pendle and Terra Classic also registered notable gains of over 17% and 10% respectively, indicating broad-based buying beyond top-tier assets.
Among major cryptocurrencies, XRP traded higher with modest gains, while BNB remained stable with a slight upward bias. Stablecoins such as Tether and USD Coin continued to hover around the $1 mark, reflecting market stability.
On the losing side, Orca declined over 14%, making it the biggest laggard of the day. Genius Terminal and MemeCore also slipped by more than 10%, while Bio Protocol and Akash Network recorded moderate losses.
Market activity remained robust, with trading volumes concentrated in both established assets and emerging tokens. Analysts suggest that the current movement reflects a mix of speculative trading and selective accumulation, as investors continue to rotate capital across segments in search of short-term opportunities.
Despite volatility in smaller tokens, the broader market sentiment appears cautiously optimistic, supported by stability in large-cap cryptocurrencies and sustained liquidity flows.
