The cryptocurrency market slipped into negative territory today, with several major altcoins leading the declines.
Despite brief moments of recovery in the past week, broader risk-off sentiment appears to be weighing heavily on digital assets as Bitcoin dipped below $115,000. Here’s a look at the top five biggest losers in the market right now.
Hyperliquid was the hardest hit among the top tokens, falling 9.35% over the past 24 hours to trade at $39.35. The token has also dropped 7.90% over the last week, signaling sustained selling pressure despite maintaining a hefty $13.1 billion market cap.
SPX6900 saw sharp losses, down 8.79% on the day at $1.64. Although it managed a modest hourly uptick, the token has slipped nearly 5% on the weekly chart. With a market cap of $1.53 billion, today’s volatility erased much of its recent momentum.
Pendle dipped 8.66% in the past 24 hours, bringing its price to $4.01. The token’s weekly performance is even weaker, down more than 10%. Its $666 million market cap shows resilience, but the downward trend highlights ongoing bearish sentiment.
Virtuals Protocol closed out the day’s top losers list, falling 6.38% to $1.23. Its seven-day chart shows an even deeper loss of 18.76%, signaling significant market exits despite a solid daily trading volume of nearly $182 million.
Overall, the declines highlight how sensitive crypto remains to broader market conditions, with traders pulling back amid uncertainty. While Bitcoin and Ethereum continue to hold key levels, today’s top losers show that volatility across mid-cap and DeFi tokens remains elevated, suggesting more turbulence could be ahead.
