The cryptocurrency market can be volatile, with significant fluctuations in price over short periods, like we saw in the past days.
Today, we look at some of the biggest losers from the top 100 cryptos, detailing their 24-hour price action and the extent of their losses. All the information is according to data from CoinMarketCap at the time of writing.
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Sonic (S)
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Price: $0.4415
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24h Loss: -11.47%
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Market Cap: $1.27B
Sonic (formerly FTM) has taken a hard hit today, with a significant 11.47% drop in the last 24 hours. This adds to a larger decline over the past week for the crypto token (-10.50%), showing the token’s ongoing struggles despite its large market cap of $1.27 billion.
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Pendle (PENDLE)
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Price: $2.73
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24h Loss: -11.25%
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Market Cap: $441.77M
Pendle has been facing a tough day, down 11.25% in the past 24 hours. This follows a 9.78% decline over the last seven days. Despite Pendle’s innovative approach to yield-bearing assets, the market sentiment appears to be weighing on its price.
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Lido DAO (LDO)
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Price: $0.7390
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24h Loss: -10.39%
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Market Cap: $663.58M
Lido DAO has been showing some price volatility, with a 10.39% drop in the past 24 hours, contributing to a 14.29% decrease over the past week. Although Lido is a major DeFi player focused on Ethereum staking, it’s struggling to maintain its upward momentum in recent days.
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Optimism (OP)
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Price: $0.6179
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24h Loss: -10.61%
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Market Cap: $1.02B
Optimism, a Layer-2 scaling solution for Ethereum, has been heavily affected by market conditions, dropping 10.61% today and 17.52% in the past week. Despite its technological appeal, the recent losses suggest challenges in market adoption.
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Movement (MOVE)
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Price: $0.3353
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24h Loss: -10.08%
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Market Cap: $821.57M
Movement token has faced a steep decline of 10.08% in the last 24 hours, adding to its 22.14% drop in the past week. The token’s performance has been dismal recently, and it may need new catalysts for a price recovery.
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Ethena (ENA)
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Price: $0.2868
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24h Gain: -9.98%
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Market Cap: $1.59B
Ethena is a rare case in this list dropped 9.98% over the past 24 hours and 22.41% in the last week. While it’s still underperforming, the modest gain could indicate a potential stabilization point.
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Worldcoin (WLD)
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Price: $0.6609
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24h Loss: -10.14%
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Market Cap: $815.81M
Worldcoin has experienced a 10.14% loss today, contributing to a 15.41% loss over the last week. While it continues to build its market presence, the overall downtrend in price is notable for this project.
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Hyperliquid (HYPE)
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Price: $10.53
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24h Loss: -9.75%
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Market Cap: $3.52B
Hyperliquid has had a rough 24 hours, dropping 9.75%, and it’s down 16.15% over the past week. Despite its large market cap, the crypto’s price has seen a significant decline, showing potential concerns in the market’s outlook on it.
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Bittensor (TAO)
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Price: $195.41
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24h Loss: -10.29%
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Market Cap: $1.67B
Bittensor, a project focused on decentralized machine learning, is facing a 10.29% loss today, continuing its downtrend with a 13.97% drop over the last week. Despite its niche focus, Bittensor is facing price pressures that could affect its future growth.
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Injective (INJ)
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Price: $7.34
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24h Loss: -10.01%
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Market Cap: $734.42M
Injective has dropped 4.20% in the last 24 hours, adding to its 16.42% loss over the past week. This is particularly concerning given the project’s focus on providing decentralized financial services.
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Author
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
