- Official Trump (TRUMP) led the rally with a nearly 94% weekly gain, peaking at $3.40 before settling around $2.55.
- Polygon‘s POL broke above its $0.09 resistance, rising nearly 50% to trade near $0.11, with bulls targeting the $0.12 level.
- ZCash (ZEC) surged over 55% in five days, driven by optimism around Grayscale’s proposed ETF and a new SEC filing.
Retail traders on Stocktwits shifted into the “extremely bullish” zone for Official Trump (TRUMP) and Zcash (ZEC) on Saturday, while sentiment for Polygon (POL) held steady in the “bullish” range. TRUMP was the clear outperformer, climbing from roughly $1.75 to an intraday peak of $3.40—a near 94% gain—before profit-taking pulled it back to about $2.55, still up approximately 55% on the week.
The token broke above $2.50 and spiked past $3.00 before descending, making it the top trending ticker on Stocktwits with chatter rising to “high” from “normal.” Meanwhile, Polygon’s POL staged its own breakout, jumping nearly 50% from $0.075 to $0.11, decisively clearing the prior resistance at $0.09. The move pushed the token well above its 9-day simple moving average of $0.08, confirming immediate momentum, though traders are eyeing the $0.11–$0.12 zone as the next key barrier.
Consequently, ZEC also captured attention, rallying from around $510 on Tuesday to a high above $840 on Saturday before settling at $791.03—a five-day gain of roughly 55%. The breakout accelerated sharply on August 21–22, with the initial push above $540 coming late on August 19 amid a noticeable volume spike.
Optimism around Grayscale’s proposed Zcash ETF has fueled the climb, with the latest SEC filing revealing potential interest from DCG International Investments in acquiring exposure to roughly 200,000 ZEC, valued at approximately $158.2 million. Retail sentiment on Stocktwits for ZEC remained “extremely bullish,” with chatter rising to “extremely high” levels.
Meanwhile, all three tokens outperformed Bitcoin and Ethereum in daily gains, though each has pulled back from its peak. TRUMP, POL, and ZEC each saw significant profit-taking after their rapid ascents, leaving them trading below their intraday highs but still firmly in positive territory for the week.
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