MEXC DataLens: Meme and Privacy Lead Broad Rally (Apr 20 to 26)

This week in DataLens: all tracked sectors closed higher. Meme led at +5.0% followed by Privacy at +3.5%. On-chain signals remained constructive, with both BTC and ETH posting net exchange outflows. Stablecoin supply held above $320B despite a slight weekly decline.

Price 2026-04-20 00:00 UTC to 2026-04-26 23:59 UTC (CoinGecko). On-chain data as of 2026-04-27 03:00 UTC.

Sector Snapshot

Category changes calculated as market-cap weighted average of top 5 tokens per sector.

SectorCategory ChangeTop MoverChangeContextSourceMeme+5.0%DOGE+5.4%No specific catalyst identifiedCoinGeckoPrivacy+3.5%ZEC+3.5%Grayscale ZEC spot ETF application; ZODL raised $25M seed roundGrayscale, ZODLDeFi+2.5%AAVE+4.0%No specific catalyst identifiedCoinGeckoL1 (ex-BTC)+2.4%SOL+3.2%No specific catalyst identifiedCoinGeckoAI+1.5%TAO+3.4%No specific catalyst identifiedCoinGecko

Meme was the strongest sector this week with DOGE gaining 5.4%. Privacy entered the tracked set for the first time, led by ZEC at +3.5% following a Grayscale spot ETF filing and ZODL's $25M seed funding announcement. DeFi and L1 both rose over 2%, while AI gained modestly at +1.5%. Aave V3 Ethereum USDC Supply APR data was unavailable for this period.

On-Chain Signals

Capital Flow

MetricValuevs Prior WeekSourceBTC Exchange Netflow (7d)-17,018 BTCOutflow continued; slightly larger than prior week's -15,248CryptoQuantETH Exchange Netflow (7d)-333,734 ETHOutflow continued; larger than prior week's -280,000CryptoQuantBTC Exchange Reserve2.667M BTC ($237B)StableCryptoQuantStablecoin Total Supply$320.1B (-0.28%)First weekly decline after multi-week expansionDefiLlama

Market Structure

MetricValueContextSourceTotal Open Interest$106.2BSlight increase from $105B prior weekCoinglassBTC Funding Rate0.0000%Flat neutral; down from +0.02% prior weekCoinglassOI Leverage Ratio3.32%$106.2B OI / $3.2T total mcap; within 3 to 5% historical neutral rangeCoinglass, CoinGecko

Both BTC and ETH continued their exchange outflow trends. ETH outflows accelerated to 333,734 ETH, the largest weekly outflow in the DataLens tracking period. BTC outflows were also slightly larger than the prior week at 17,018 BTC. Exchange reserves remained stable at 2.667M BTC.

Stablecoin supply dipped 0.28% to $320.1B, the first weekly decline after several weeks of consecutive growth. On the derivatives side, open interest edged up to $106.2B while funding rates flattened to zero. The OI leverage ratio at 3.32% remains within the 3 to 5% historical neutral range.

Sources: CoinGecko, CryptoQuant, DefiLlama, Coinglass, Grayscale, ZODL