Aave, Pump.fun, Worldcoin, and Sky Defy Crypto’s Selloff!
📉 Most of crypto’s board has turned red. Are you feeling brave enough to buy these early October dips? Friday trading has seen $AAVE lead notable large caps at +7%, while $RAIN (-8%) and $QNT (-7%) has fallen hardest.
🏦 AAVE’s +7% day has fresh growth behind it after Aave V4 passed $1B in deposits during September, expanded to Arc and Base, and added tokenized U.S. stocks as collateral for USDC loans. QNT’s -7% looks more like cooling after a huge run: The Clearing House selected Quant to power its U.S. tokenized-deposit network, sending QNT sharply higher before traders began locking in gains.
🔥 PUMP’s +30% week is being supported by aggressive supply reduction. Pump.fun is directing roughly half of net protocol revenue into PUMP buybacks and burns, with daily purchases topping $1M several times in late September. SKY’s +14% follows growing institutional interest: Galaxy put $100M of Sky’s sUSDS into its treasury, approved it as institutional loan collateral, and bought an undisclosed amount of SKY itself.