- Mid-cap altcoins saw sharp 24-hour declines with heavy trading volumes.
- DeFi, Layer-2, storage, and privacy tokens all recorded notable sell-offs.
- High volumes across declining tokens signal active market repositioning.
A broad decline across the digital asset market continued to pressure altcoins, with a number of mid-cap tokens registering steep 24-hour losses and increased trading volumes. The declines, which spanned DeFi, Layer-2, storage, and privacy-focused tokens, reflected reduced appetite for risk-tier assets as selling activity outpaced buying interest. Market data showed multiple double-digit percentage drops and heavy turnover, underscoring the intensity of the pullback.
Humanity Protocol (H) recorded the sharpest decline among tracked assets, falling 9.49% to $0.3045. Despite the lower price range, activity remained high, with approximately $112.6 million traded within 24 hours. World Liberty Financial (WLFI) followed closely, slipping 9.44% to $0.1352. WLFI’s trading volume of around $188.7 million exceeded that of H, pointing to notable sell-side participation.
Source: CoinMarketCap
Ethena (ENA) also posted a marked correction, dropping 8.33% to $0.4634. ENA saw one of the largest turnover totals among declining mid-caps, with $357.2 million in volume recorded. The pairing of considerable volume and downward pricing indicated an active reshuffling of positions during the session.
DeFi and Storage Tokens Under Strain
Tokens associated with decentralized finance also retreated. Morpho (MORPHO) fell 7.52% to $1.91, while Curve DAO Token (CRV) declined 6.26% to $0.527. The pullback coincided with weakened demand for liquidity- and yield-focused protocols.
Filecoin (FIL), a token tied to decentralized storage infrastructure, moved 6.70% lower to $1.55. FIL registered one of the higher volumes of the day at $578.5 million, suggesting active repositioning among market participants amid price volatility.
Layer-2 and Network Tokens Record Sell-Off
Layer-2 assets also participated in the downturn. Arbitrum (ARB) slipped 6.69% to $0.3107, extending recent price pressure. Avalanche (AVAX) also declined, losing 6.13% to settle at $19.27. AVAX posted a turnover of roughly $547.7 million, placing it among the most traded tokens in the declining group and adding weight to the downward move across smart-contract ecosystem assets.
Privacy-linked and meme-themed tokens registered losses during the same session. Zcash (ZEC) slid 7.48% to $315.24, and Dash (DASH) retreated 6.48% to $45.52. OFFICIAL TRUMP (TRUMP) fell 6.09% to $6.82, with a large $1.62 billion in volume, indicating substantial rotation within speculative assets.
