Biggest Crypto Losers Out of the Top 100 Today
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.
Sonic (S)
Price: $0.4415
24h Loss: -11.47%
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 tokens ongoing struggles despite its large market cap of $1.27 billion.
Pendle (PENDLE)
Price: $2.73
24h Loss: -11.25%
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 Pendles innovative approach to yield-bearing assets, the market sentiment appears to be weighing on its price.
Lido DAO (LDO)
Price: $0.7390
24h Loss: -10.39%
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, its struggling to maintain its upward momentum in recent days.
Optimism (OP)
Price: $0.6179
24h Loss: -10.61%
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.
Movement (MOVE)
Price: $0.3353
24h Loss: -10.08%
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 tokens performance has been dismal recently, and it may need new catalysts for a price recovery.
Ethena (ENA)
Price: $0.2868
24h Gain: -9.98%
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 its still underperforming, the modest gain could indicate a potential stabilization point.
Worldcoin (WLD)
Price: $0.6609
24h Loss: -10.14%
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.
Hyperliquid (HYPE)
Price: $10.53
24h Loss: -9.75%
Market Cap: $3.52B
Hyperliquid has had a rough 24 hours, dropping 9.75%, and its down 16.15% over the past week. Despite its large market cap, the cryptos price has seen a significant decline, showing potential concerns in the markets outlook on it.
Bittensor (TAO)
Price: $195.41
24h Loss: -10.29%
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.
Injective (INJ)
Price: $7.34
24h Loss: -10.01%
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 projects focus on providing decentralized financial services.
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