10x Research Market Updates

10x Research Market Updates

What Really Moved Crypto Since June: Part 3 – Pump.fun, Ethena, Jupiter, Monero, Pyth and Stacks

Before the Consensus Catches Up

Oct 22, 2026
∙ Paid


In the final part of this series, we look at six tokens that have all outperformed Bitcoin since late May, with gains ranging from 39% for Monero to 155% for Pump. fun, while Bitcoin rose about 10%. Part 1 showed what drove the large caps. Part 2 showed how coin-specific stories allowed tokens such as Uniswap and Zcash to break away from the market.

This report shows the same pattern from a different angle. Pump. fun, Pyth and Ethena were rerated once a specific catalyst took place. As in the first two parts, we have lined up every weekly move with its main driver, and the charts are collected in a chart book that readers can print and keep as a reference.

This third part also includes an eight point overview about the lessons from all three reports.

As with Part 1 and Par 2, we have compiled the charts into a PDF chart book that readers can keep for reference or print.

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