Tokens, tokens, tokens
The price action this week seems to have focussed on the Layer 1 tokens, with XRP, Cardano, Stellar, and Hedera all up double digits over the past 7 days. There has also been a focus on Dogecoin, with the token up more than 25% after Twitter replaced its blue bird icon with the Shiba Inu dog logo. Elon Musk has a long history with DOGE, frequently making various comments that have sent its price soaring.
Equally, Lido's token has seen rises of over 15% in the past week, possibly as the market eyes the Shanghai upgrade to the Ethereum network. The biggest upgrade to the network since The Merge, Shanghai will enable validators to withdraw staked coins.
Meanwhile, Binance's founder CZ has continued his rough time, with unfounded rumours being spread by a podcast host that Interpol had issued a Red Notice for CZ's arrest. So far, this rumour appears to not be true, but it had a moderate effect on both Binance's token (BNB) and its stablecoin (BUSD).