- Multiple major tokens fell over 10% in 24 hours across diverse crypto sectors.
- Meme coins and exchange tokens saw heavy losses but maintained high trading volumes.
- Elevated activity suggests large-scale liquidations driving short-term market volatility.
The crypto market experienced a sudden pullback over the latest 24-hour trading session, with multiple crypto losers posting double-digit percentage declines. Data from CoinMarketCap shows that the downturn extended across several sectors, including DeFi protocols, meme tokens, exchange assets, and layer-2 scaling solutions. Despite the price weakness, trading volumes remained higher, showing strong market activity throughout the session.
Conflux and Virtuals Protocol Lead Crypto Losers
Conflux (CFX) registered the highest drop among major crypto losers, declining by12.79% to $0.1779. Trading activity for the token reached $166.2 million during the session, placing it among the most actively traded assets on the list. Virtuals Protocol (VIRTUAL) followed with a 12.28% decline to $1.21, recording a higher turnover of $215.5 million.
Other major losses included Dogwifhat (WIF), which fell 11.65% to $0.9302 on $519.3 million in trades, marking one of the largest daily volumes among the top declining tokens. Curve DAO Token (CRV) also saw a pullback, down by 11.42% to $0.9156 with $363.3 million exchanged.
Meme Tokens and Exchange Assets Under Pressure
Meme token Bonk (BONK) recorded an 11.38% drop to $0.00002446 but led the group in trading activity, with $676.0 million worth of transactions in the 24 hours. Exchange token OKB also posted losses, declining 11.15% to $94.56 with $254.6 million traded.
Floki (FLOKI) slipped 10.55% to $0.0001075, while Gala (GALA) decreased by 10.50% to $0.01685. Both assets maintained trading levels above $160 million, reflecting continued interest despite the price drops.
Layer-2 and Scaling Tokens See Broad Declines
Worldcoin (WLD) recorded a 10.40% decline to $1.00, supported by $359.6 million in trading activity. Optimism (OP), a layer-2 scaling solution token, fell 10.34% to $0.7546, with $449.3 million exchanged, one of the highest activity levels in this session’s decline.
Celestia (TIA) completed the list with a 10.17% loss to $1.79, paired with a daily volume of $223.4 million. These figures underscore that the sell-off extended beyond meme and DeFi assets to include blockchain infrastructure and scaling solutions.
The broad-based nature of the declines indicates market-wide selling pressure, with large losses across varied categories. High trading volumes alongside price drops show substantial liquidation activity, contributing to heightened short-term volatility.
