Certain crypto assets are quietly gaining more popularity with investors. On May 23, 2025, Phoenix Group, a blockchain analytics firm, released a new report, calling out 10 crypto assets that are currently being accumulated by the market.
MOST RECENT ASSETS IN THE ACCUMULATION PHASE
$CFG $CVC $GODS $NAVX $ATH $WIF $FIDA $UTK $PI $XAI pic.twitter.com/E21YfMtYO1— PHOENIX – Crypto News & Analytics (@pnxgrp) May 23, 2025
XAI: 10-Day Accumulation Period
XAI heads the ranking, as it has remained in the accumulation zone for the last ten days. Based on Phoenix Group, XAI’s market capitalization as of today is $136.6 million. Although prices have been stable, the long period of accumulation shows that both groups of investors are more confident about investing in Bitcoin.
Such a series of accumulation days can often provide a sign that a bullish breakout may be coming if other markets cooperate.
PI Network Continues to Maintain Strength
The $5.7 billion market cap of PI Network has been steadily increasing over the past ten days. The steady buildup in cryptocurrencies means that investors are becoming more confident. Since price data for PI is uncertain while it changes from its testnet to mainnet, its rapidly developing user base and system continue to boost positive expectations.
Dogwifhat is Also Leading the List
Dogwifhat memecoin was also part of the crypto assets list, having piled up daily holdings for nine days. Dogwifhat has a market capitalization of $1.2 billion. Investors appear to be excited about memecoins generally, and those that have lively communities and profiles on social media appear to be particularly favored in this phase.
Aethir is Up there With a $462M Market Cap
Aethir is next in the crypto assets being accumulated list, being a cloud infrastructure project that has been accumulated for the past seven days. According to data from Phoenix Group, the company’s market cap is $462 million. Even so, Aethir’s clear overview of edge computing and AI has helped attract more investors. The increasing awareness of the project among people could be crucial for sustaining its significant efforts.
SNS and Utrust Keep the Market Up
Nine days have passed since SNS and Utrust entered their accumulation zones. According to data, SNS, a platform built on Solana, is worth $102 million, and Utrust, which supports crypto payments for online shopping businesses, has a market cap of $24.7 million. These lower-capitalized assets haven’t gained much attention, but steady investment over time could indicate that informed investors are preparing for what’s to come.
Civic and Centrifuge Have Begun to Attract CT Attention
Civic began trading after spending four days in the accumulation phase with a market cap reported as $155.9 million. Centrifuge’s tokenized real-world asset protocol entered the accumulation phase in only one day. The growing narrative around real-world assets (RWAs) in DeFi may have contributed to Centrifuge’s recent uptick in interest, given its current valuation near $120 million.
The List Ends With Gods Unchained and Navi Protocol
After the latest updates and partnerships, Gods Unchained has gained more attention; however, Navi Protocol’s focus on confidential DeFi makes its offerings particularly appealing to a growing but select group of investors. We now closely monitor these crypto assets, as accumulation leads to what traders and analysts refer to as bullish price movement.
Final Thoughts on the Top Crypto Assets Being Accumulated Right Now
Given how accumulation leads to what traders and analysts call bullish price movement, these assets are now closely monitored. Because market views are undefined at the moment, Phoenix Group’s data can highlight crypto assets that trading volume indicates could be close to breaking out.
