Top 5 Tokens Soar Up to 2.1x in July Rally

• Ethena (ENA) led the charge in July’s rally, doubling its value as interest in synthetic stablecoins increased.
• Conflux (CFX) and Bonk (BONK) offered top-tier returns correlated with local momentum and technical breakouts, respectively.
• Altcoin rotation picked up pace with Story (IP) and Cronos (CRO) at the forefront, indicating selective capital into ecosystem-driven projects.

In July, a modest list of cryptocurrencies had phenomenal growth, despite broader market uncertainty, and gained attention across the crypto world. Ethena (ENA), Conflux (CFX), Bonk (BONK), Story (IP), and Cronos (CRO) led the pack, each performing better than most of the market with returns ranging from 80% to more than 2.1x for the month.

Ethena (ENA) – Exceptional Growth Fueled by Derivatives Demand

Ethena (ENA) posted one of July’s most outstanding performances, with price action delivering a 2.1x increase over the month. The token’s surge coincided with growing traction in the synthetic dollar space and heightened trading activity on decentralized derivatives platforms. Although the price spike was sharp, it aligned with fundamental developments tied to the utility of its synthetic asset ecosystem.

Conflux (CFX) – Remarkable Rally Driven by China-Focused Blockchain Narrative

Conflux (CFX) gained over 1.8x in July, marking one of its most profitable months in 2025. Its special status in China as one of the few compliant public chains in the market was a pivotal factor that led to newfound interest. The sentiment became positive as regional media speculated about new blockchain projects, which could increase the usefulness of CFX.

Data indicated a noticeable uptick in network activity and DApp usage across the Conflux ecosystem. The token’s price performance appeared structurally sound, with consistently higher highs and volume-based confirmations throughout the month.

Bonk (BONK) – Phenomenal Technical Breakout in Solana’s Meme Coin Sector

Bonk (BONK) saw a dynamic breakout from a bullish pennant on the 4-hour timeframe, resulting in price appreciation of more than 1.6x in July. BONK’s move was largely technical, as traders capitalized on the pattern’s breakout confirmation.

The Solana-based meme token attracted speculative interest during a broader uptick in meme coin trading volume. BONK’s rally was also amplified by a 135% surge in volume during the breakout phase, highlighting short-term trading enthusiasm. Despite limited long-term fundamentals, BONK’s July gains placed it among the top momentum-driven performers.

Story Protocol (IP) – Innovative Surge in Creative IP Tokenization Sector

Story Protocol (IP) registered a superior monthly rally, with gains nearing 1.5x. This lesser-known token saw renewed investor interest due to its focus on intellectual property rights tokenization, a niche gaining relevance in Web3 discussions. The protocol experienced increased developer activity, and reports suggested that potential integrations were being tested across NFT platforms.

While volume remained relatively low, the price increase appeared organic, backed by gradual accumulation rather than sudden spikes. The project’s growth trajectory, though still in early phases, reflected market appetite for new narratives beyond traditional DeFi and meme tokens.

Cronos (CRO) – Steady and Profitable Climb on Network Improvements

Cronos (CRO), the utility token of Crypto.com’s blockchain, ended July with a solid 1.3x monthly gain. The increase followed infrastructure upgrades aimed at improving throughput and reducing latency. Daily active addresses and network fees both rose during the month, signaling improved ecosystem health.

Unlike the sharper rallies seen in ENA and CFX, CRO’s climb was more gradual, hinting at accumulation rather than speculative trading. It maintained strong support levels while breaking through multiple short-term resistances. July’s performance positioned CRO as a consistent, rather than explosive, performer.