Here are the top 5 losers of the crypto market today:
1. #XRP takes the biggest hit, down over 20%
Among the top losers, $XRP leads the packādropping 20% in 24 hours to $1.67. Despite recent optimism around Rippleās legal battles, XRP couldnāt dodge the crash. Its market cap is now $97.4 billion, and its 24-hour volume has soared 326% to $9.32 billion.
With support levels crumbling, investors are eyeing the $1.50 mark. A drop below that could deepen the sell-off and erase the last few months of gains.
2. Dogecoin price sinks 20%, memecoin hype fades in panic
Dogecoin just took a sharp 19.46% hit, now trading at $0.1328. Its market cap has slipped to $19.76 billion, while trading volume has jumped nearly 260% to $2.16 billionāclearly, a lot of holders are rushing to sell as the memecoin hype starts to wear off.
Source: CoinMarketCap
Mike McGlone didnāt mince words, comparing DOGE to ā1929 risk-asset silliness.ā He noted that unless crypto fundamentals improve, speculative coins like Dogecoin might face a harsh reckoning.
3. Ethereum crashes below $1,500; could test $1,000 next
Ethereum was hit even harder, dropping 18.88% in a single day. #ETH is now trading at $1,460 with a market cap of $176.2 billion. Its trading volume jumped to $34.64 billion, up a whopping 437%, indicating that large-scale sell-offs are underway.
Mike McGlone from Bloomberg Intelligence warned that Ethereum could be āthe canary in the coal mine,ā suggesting it might soon retest the $1,000 support level. This marks a dramatic shift for a coin that had once been seen as a safer bet in the altcoin space.
4. HBAR freefalls to $0.12 as panic spreads
Hedera (HBAR) also joined the bloodbath, down 18.53% to $0.1288. Its market cap now sits at $5.44 billion, and its trading volume jumped nearly 230% to $351.92 million. HBAR had been gaining traction due to enterprise partnerships and its unique hashgraph tech, but that momentum has vanished under the weight of market-wide panic.
5. Solana slips below $100 after a strong start to the year
Solana (#SOL ), which was one of the strongest performers earlier this year, has now dropped by 17.75% in 24 hours. It has dropped support of $100 and is currently trading at $97.88, with a market cap of $50.45 billion. The trading volume is up more than 258%, valuing at $5.77 billion, showing that holders are quickly offloading their bags.
Source: CoinMarketCap
The fall brings Solana back down to where it was months ago, wiping out most of its recent rally.
