Top Performers:
List of Short term Small Narrowed micronarratives In August-2023 & Related Top performing tokens.
| Symbol | Category | August Performance | Narrative/Move |
|---|---|---|---|
| CYBER | Binance Pool | 470% | Binance listing, DWF MM, upbit Listing, Binance Lauchpad |
| AKRO | Defi | 222% | The project added a frontend for Liquity's LUSD lending. |
| UNFI | DeFi | 145% | 21% supply shock on exchanges in 9 days; several wallets bought millions in $UNFI from Binance |
| BLZ | Cosmos Ecosystem | 113% | Potentially tied to Binance. Binance launched $BLZ deposit & earn rewards; MEXC also offered airdrops and rewards. |
| SEI | Blockchain | 107% | Earlier airdrop strategy was flawed, but joined Binance launchpad by Aug-15. Auto Cartel move initiated. |
| LPT | Web 3.0 | 77% | LPT was labeled as security by SEC; saw positive returns after Grayscale's win against the SEC. |
| MC | Gaming | 63% | Megaweapon partnered with Beam for Web3 and NFTs. |
| RUNE | DeFi | 59% | ThorChain is in the spotlight with the introduction of Stream Swaps, Lending, and stablecoin yields |
| YGG | Play to Earn | 40% | $YGG unlocked big early August, surged over 120% initially, then dropped to range lows, peaking at $1. |
| PENDLE | DeFi | 22% | Pendle rose 22% after Binance announced its Binance Labs investment |
| HIFI | Lending Platform | 21% | Announced NFTs (Sheet Heads) & airdrop; surged 27% in August |
| API3 | Oracle | 20% | API3 announced a DeFi expansion partnership, integrating managed data feeds on Polygon's zkEVM network. |
| SFP | Wallet | 17% | SafePal wallet app update 4.1.0. |
| AMB | IOT | 15% | Token mainly on Binance with 95% volume control; easily pumped and dumped. |
| BNT | DeFi | 14% | Dex introduced in May 2023. A proposal to burn 1.16m $BNT from Bancor 3 fees passed on snapshot vote. |
| LEVER | DeFi | 14% | Listed on Bithumb, accessing the Korean market |
| FET | Infrastructure | 10% | Moved up 10% after DWF purchased $5m in $FET tokens. |
| DODO | DeFi | 10% | DODO partners with CyberConnectHQ to enhance the web3 experience. Also, there's engagement with DWF |
August Token with Unlocks above 2% Circulating Supply, Average down 15%.
Source: Alpha Research