SKI, AVAIL, and TST Surge 50% as BTC Struggles at $96K

The prices of SKI, AVAIL, and TST have experienced remarkable surges of over 50% in the last 24 hours, making them stand out in a relatively flat market. The meme coin SKI, which is built on the Base network, has led the charge with an impressive 55% gain, rising from a low of $0.05286 to a high of $0.08254. This surge comes amidst growing attention on the coin, especially on social media platforms like X, where it has been trending recently. The price movement has also been supported by news that U.S. Representative Mike Collins purchased $15,000 worth of SKI, which likely piqued investor interest. In addition, SKI’s listing on WAGMI HUB, an AI-multichain infrastructure platform, has likely boosted its exposure and credibility within the crypto community.

AVAIL, the second-highest gainer in the past 24 hours, has surged by 54%, increasing from a low of $0.0794 to a high of $0.1307. Although the exact cause of AVAIL’s price increase is unclear, its rising prominence could be linked to its recent active presence at the Solana Hong Kong Summit earlier this month. Additionally, AVAIL has plans to be featured at the upcoming Ethereum Denver event between February 23 and March 2, which could be fueling speculative optimism. Such events help projects increase their visibility and attract new investors, potentially explaining the recent surge in AVAIL’s price.

TST, the third coin in the spotlight, has gained 50%, climbing from $0.08178 to $0.1372 in the last 24 hours. The surge in TST’s price can be largely attributed to the news that Changpeng Zhao, the founder of Binance, has been purchasing TST tokens. Zhao’s involvement with the token has likely helped to validate its potential and attract attention from both retail and institutional investors. TST is a token deployed on the meme coin launch platform Four Meme, which may have also contributed to its rising popularity, as meme coins often benefit from notable figures or celebrity endorsements.

While these three coins have shown impressive growth, their gains are occurring amidst an overall muted performance in the broader cryptocurrency market. Bitcoin, for instance, has been struggling to break out of its range, hovering around the $96k mark without significant movement. Ethereum has had a modest increase of 2.5% in the past 24 hours, but the broader market sentiment appears relatively subdued, with most major cryptocurrencies experiencing minimal price fluctuations.

In this context, the surges in SKI, AVAIL, and TST stand out as notable exceptions. Their recent price movements highlight the continued excitement and speculative behavior that can often drive smaller, more volatile projects to new highs, even when the broader market is facing a lull.