Bitcoin is back over $100,000, short sellers are getting steamrolled, and the crypto sector is once again at the center of the market’s attention.
From meme coins to mining mergers, it’s starting to feel like 2021 again — but this time with political backing. The Trump administration has thrown its full weight behind crypto, and the market is reacting in a big way.
We’ve seen huge moves in names linked to Bitcoin, blockchain, mining, and digital assets. And behind most of these rallies? Short sellers who got too comfortable and too aggressive.
Every Monday I tap my “Money Monday” algo to see the best setups on the market. The stocks on this list have made their big gains…
This algo spotlights exciting plays AHEAD of their moves. And right now, it’s firing on all signatures.
Click here to get the best Money Monday setups in your inbox every week!
Top Crypto Penny Stocks in May 2025
| Stock Ticker | Company |
| NASDAQ: CEP | Cantor Equity Partners Inc |
| NASDAQ: ASST | Asset Entities Inc |
| NASDAQ: NXTT | Next Technology Holding Inc |
| NASDAQ: COIN | Coinbase Global Inc |
| NASDAQ: HOOD | Robinhood Markets Inc |
| NASDAQ: MOGO | Mogo Inc |
| NASDAQ: GPUS | Hyperscale Data Inc |
These aren’t stocks to buy and hold…
Make sure to keep these stocks on watch — only trade them if they fit your trading plan!
Sign up for my no-cost watchlist HERE to get my latest picks!
Here are 7 of the hottest crypto-linked penny stocks to watch this month…
Cantor Equity Partners Inc (NASDAQ: CEP) — The Bitcoin SPAC Supernova
Cantor Equity Partners lit up scanners after announcing a blockbuster $3.6 billion merger with Bitcoin-focused firm Twenty One Capital.
Before that news, CEP was just another SPAC with little activity. But when the deal dropped, volume exploded — and the stock followed. Multiple intraday halts, a triple-digit percentage move, and no signs of collapse.
This is what happens when a formerly ignored ticker becomes the front page of crypto Twitter.
There’s a political angle too — some of the capital behind Twenty One Capital has been linked to U.S.-based “Bitcoin nationalism” efforts, including initiatives to prioritize domestic mining and asset custody.
CEP isn’t about fundamentals. It’s about narrative — and right now, that narrative is as loud as ever.
Watch for: high-volume morning surges, dip-and-rip setups, and continuation over recent highs.
Asset Entities Inc (NASDAQ: ASST) — The Bitcoin Treasury Pivot Play
ASST exploded after announcing a merger with Strive Asset Management, forming what they’re calling the first publicly traded Bitcoin treasury company.
This wasn’t a slow build — the move came fast and furious, pushing the stock from under $1 to over $8 in days*.
Check out the latest ASST news here!
Why the hype? Strive’s plan is ambitious: accumulate Bitcoin as a core treasury asset and use IRS Section 351 to offer tax-deferred Bitcoin-for-equity swaps.
In plain English — they’re trying to make it easier for investors to dump Bitcoin into a public stock without paying capital gains taxes upfront.
That’s bold. It’s also exactly the kind of headline that makes short sellers nervous.
And when they start selling? That’s when you get short squeeze setups like this.
Watch for: post-spike consolidation, high-volume breakouts, and reclaims of key levels like $8.
More Breaking News
- Astera Labs Inc. Unexpected Surge: Analyzing Stock Performance
- Shopify’s Meteoric Rise: Time to Buy?
- RH Stock Soars: Time to Buy?
Next Technology Holding Inc (NASDAQ: NXTT) — The Bitcoin Balance Sheet Beast
Next Technology shocked traders with a simple filing: they’ve quietly accumulated over 5,800 Bitcoin.
Even more surprising? Most of it was purchased since the start of the year — a bold bet just before BTC crossed $100K again.
NXTT says they plan to keep stacking. There’s no set target, and they’re open to raising more capital for future purchases.
This is a page right out of the MicroStrategy playbook — and traders noticed. The stock launched into a multi-day run, spiking 1,600%* in one day!
As more companies explore Bitcoin treasury strategies, crazy spikes like this might happen more often.
Watch for: flag breakouts, premarket gappers, and any fresh filings about BTC purchases.
Coinbase Global Inc (NASDAQ: COIN) — The S&P 500 Crypto Titan
Coinbase just made history — it’s officially joining the S&P 500.
That’s not just a win for COIN, it’s a milestone for the entire crypto industry. Every fund tracking the index now has to buy shares. That means inflows. That means attention.
Add in Coinbase’s $2.9B acquisition of crypto derivatives giant Deribit, and you’ve got a fundamentally strong name riding sector momentum.
Even at a higher share price, COIN still reacts like a momentum stock. When it runs, it runs.
Watch for: range break swing setups, S&P 500 inclusion buying pressure, and news-related momentum pops.
Robinhood Markets Inc (NASDAQ: HOOD) — The Retail Exchange Empire
Robinhood just expanded its crypto footprint again — this time with a $179 million acquisition of Canadian firm WonderFi.
That deal gives HOOD access to top Canadian exchanges like Bitbuy and Coinsquare. It also follows their 2024 deal for Bitstamp, proving that Robinhood is serious about becoming a global crypto brokerage powerhouse.
In the current market, anything tied to crypto access, retail flow, or user growth is in play. HOOD checks all three boxes — and with price action heating up, it’s becoming a go-to name for short-term traders.
Watch for: volume spikes on crypto news, whole-dollar psychological levels, and gap-up continuation.
Mogo Inc (NASDAQ: MOGO) — The Quiet Winner Behind the WonderFi Deal
While Robinhood got the headlines, Mogo quietly walked away with the bag.
Mogo owns 82 million shares of WonderFi — making it the largest beneficiary of the Robinhood acquisition. And while MOGO hasn’t gone vertical (yet), it’s starting to perk up.
This is a sympathy play with teeth. It doesn’t need direct news to run — it just needs more headlines about Robinhood, WonderFi, or crypto M&A.
If you’re looking for a quieter setup that could follow the leaders, keep MOGO on watch.
Watch for: sympathy spikes, delayed follow-through, and breakouts over recent resistance.
Hyperscale Data Inc (NASDAQ: GPUS) — The Nile Coin Blockchain Gambit
GPUS’s BitNile.com just launched Nile Coin on the Solana blockchain.
They minted 500 billion coins — and in typical crypto fashion, early trading has been wild. GPUS is leaning into the “tokenized platform” trend with social gaming and DeFi elements rolled in.
There’s not a lot of transparency here. But that’s never stopped penny stocks from running.
Traders are watching GPUS like a hawk, especially as the low float and blockchain buzz draw in retail attention.
Watch for: altcoin-linked hype runs, Solana news pops, and crypto Twitter buzz.
* Past performance isn’t indicative of future results
Final Thoughts
This month’s hottest penny stocks all have one thing in common: crypto momentum.
From Bitcoin treasuries to token launches, the entire space is on fire — and short sellers keep getting burned.
Our stock watchlists are not for long-term investments. They’re trade setups. Your edge is recognizing the narrative, watching the price action, and sticking to your plan.
Set alerts. Stay ready. These are the types of moves that can change your month — if you’re prepared.
If you want to know what I’m looking for — check out my free webinar here!