This week in coins. Illustration by Mitchell Preffer for Decrypt.

Most leading coins stagnated this week, with minimal new institutional adoption of crypto a big contributor to that.

Still, compared to the two previous weeks, losses slowed. Bitcoin dropped 2% to trade at $39,629, while Ethereum dropped 2.7% to $2,960—each still slightly below a critical threshold. 

Coins that forked from the market leaders fared much worse over the last seven days: Bitcoin Cash and Ethereum Classic both posted losses of just over 8%, with Bitcoin Cash trading for $318 and Ethereum Classic worth $35 at the time of this writing.

Few other top 40 cryptocurrencies posted major dips. The most notable loss was felt by holders of XRP, which sank 8.45% over the last seven days to around $0.71. 

Three top cryptocurrencies surged over the week, including Terra’s LUNA, which rose 14.35% to $93.09.

Privacy coin Monero (XMR) shot up 18.58% to $272.55 after news of a hard fork due in July. A Reddit-organized bank run also could be driving up that price. On Monday, a group of Monero fans inspired likeminded heads to take as much Monero off centralized exchanges as they could afford, in a shopping spree dubbed the “Monerun.”

Lastly, ApeCoin rallied to a one-month high today. The Bored Ape Yacht Club ecosystem fungible is up an eye-watering 40% from last Saturday, currently trading at $17. 

Several factors are at play, including ApeCoin’s listing on lending protocol Gemini Earn and rumors that Bored Ape Yacht Club parent company Yuga Labs is planning land sales for its upcoming…

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