Best Crypto Gainers Today, July 31 – PUMP, SONIC, ENA

Highlights:

• The best crypto gainers today include PUMP, SONIC, and ENA, each showing strong momentum and rising market interest.
• Sonic hit 120 million total transactions as fresh developer incentives and airdrop activity boost network engagement.
• Ethena’s whale activity and shrinking supply pushed ENA near $0.63, with bullish signals strengthening on key support levels.

The crypto market exhibits a bullish outlook, with a global market capitalization and 24-hour trading volume of $3.86 trillion and $165 billion, respectively. The fear and greed index stands at 62, indicating a greedy sentiment in the market. As the bullish sentiment prevails, here is a look at the best crypto gainers today.

Best Crypto Gainers Today

1. Pump.fun (PUMP)

Pump.fun has emerged as the best crypto gainer today, with a surge of 20% over the past 24 hours. Since its launch on July 12, PUMP has depreciated by over 70%, dropping from a high of $0.01214 to $0.002282. In addition, over the past month, the token has declined by 50%. As of this writing, PUMP is exchanging hands at $0.0029, with a market cap and trading volume of $1.09 billion and $650 million, respectively.

PUMP recently broke out of a downward channel after a steady decline that lasted several days. This move came after a clear period of price consolidation, according to crypto analyst Crypto Faibik, signaling potential accumulation by market participants.

$PUMP #PUMP Seems like bottomed out & Started Pumping..🔥📈

+20% Profit so far Since the Channel Breakout.. https://t.co/AcLbIrYkm4 pic.twitter.com/eGJrPGaHk7

— Captain Faibik 🐺 (@CryptoFaibik) July 31, 2025

Shortly after the breakout, the price surged over 20%, showing strong upward momentum. A projected target near the $0.0047 level suggests a possible 57% gain from the breakout zone. Investors should eye this shift closely, as the structure and volume support a continuation.

2. Sonic (S)

Sonic, the second-best crypto gainer today, is trading at $0.3309, having surged 11% on the daily chart. The altcoin has been on a bullish ride recently, as it surged by 8% over the past 30 days. Following this latest rally, Sonic’s trading volume has surged by over 100% to $260 million. 

Recently, Sonic clocked over 120 million total transactions as increasing numbers of developers and users joined the site every day. This increase in usage links to recipient builder incentives that continue to support the builders. With Season 2 of the airdrop now live, more traffic is circulating across the network.

120M+ transactions on Sonic.

All powered by $S. pic.twitter.com/Q5bFnudI2y

— Sonic Eco (@SonicEcosystem) July 31, 2025

Sonic’s structure helps applications earn, with 90% of fees returning to the app creators. The next Spark tool is also expected to streamline app creation with the help of AI capabilities. These updates keep on spurring sustained expansion within the ecosystem.

3. Ethena (ENA)

Ethena has been on a solid ride, surging from $0.2648 to $0.070 over the past 30 days. During this period, ENA recorded a gain of almost 150%. With a surge of over 10%, ENA is exchanging hands at $0.622 with a market cap of $3.95 billion.

Recently, whales have purchased 79.25 million ENA tokens in the last seven days, which indicates renewed attention. Meanwhile, StablecoinX has been purchasing 5 million worth of ENA a day, gradually decreasing the market supply. The movements have been accompanied by a general recovery in the crypto market, particularly in DeFi.

Whales have accumulated 79.25 million Ethena $ENA in the past week! pic.twitter.com/bD8NAthAwu

— Ali (@ali_charts) July 30, 2025

Ethena has experienced a monthly growth due to its total value locked increasing to 8.44 billion on July 31. Besides, it validated on the 4-hour chart that a major buy signal at $0.578 can ignite an upswing to $0.63, as Ali Martinez stated. With capital flowing in and support levels holding, ENA’s outlook may hinge on upcoming price closes.