Crypto Market Rally Sees Alpine F1 Fan Token Jump 39.9% on Binance

• Codata (XNY) leads with 44.5% surge, driving mid-cap rally momentum.
• Fan tokens ALPINE and PORTO fuel sports-linked market gains.
• Binance dominates trading volume for top-performing assets.

The crypto market recorded price increases on August 16, with several assets registering double-digit percentage gains. Market data from Phoenix Group showed strong momentum across mid-cap and niche segments, particularly among fan tokens and utility projects. Binance-listed pairs accounted for the majority of the day’s best-performing assets.

Codata (XNY) topped the gainers’ list with a 44.5% rise, closing at $0.027. The move lifted its crypto market capitalization to $67.4 million. Trading activity for XNY was concentrated on Binance, where most of the volume originated. Alpine F1 Team Fan Token (ALPINE) followed with a 39.9% jump to $1.97, taking its market value to $35.9 million. The token, as reported in our previous report, linked to motorsport fan engagement, also saw heightened activity on Binance.

Edge (EDGE) posted the third-largest increase, climbing 31.4% to $0.59. Its market capitalization reached $119.8 million, with Coinbase accounting for the bulk of trades.

Mid-Cap Movers Record Gains

Lagrange (LA) advanced 29.7% to $0.45, raising its valuation to $80.8 million. Porto (PORTO), the FC Porto Fan Token, gained 17.6% to $1.21 and reached a $13.7 million market cap. Epic Chain (EPIC) recorded a 12.2% increase to $2.19, pushing its total market value to $499 million. This was the largest capitalization among the top ten gainers for the day.

Other Notable Risers

Basic Attention Token (BAT) climbed 11.6% to $0.16, bringing its market capitalization to $250.9 million. Port3 Network (PORT3) advanced 11.2% to $0.040, reaching a market value of $59.6 million.

Source: X

Acala (ACA) rose 7.6% to $0.031, increasing its market capitalization to $36.3 million. Thena (THE) rounded out the top performers with a 6.8% gain to $0.47, capitalized at $53.1 million.

Sector Spread and Exchange Dominance in the Crypto Market

The day’s leaders reflected price strength across multiple categories, from decentralized finance to sports fan engagement platforms. While fan tokens such as ALPINE and PORTO featured strongly, utility and infrastructure-focused assets also posted sizable gains.

Binance was the dominant trading venue for most of the top gainers, particularly XNY, ALPINE, LA, and PORTO. Coinbase held a significant share of EDGE’s trading volume. Market participants noted that August 16’s upward movement included both long-established tokens, such as BAT, and relatively newer projects like PORT3 Network.