Crypto Market Downturn: Top Losers in the Last 24 Hours

1. NKN (New Kind of Network)

Last Price: $0.0299

24h Change: -27.43%

NKN took the hardest hit among the listed tokens, shedding more than a quarter of its value. This steep drop may indicate heavy sell-offs or a lack of bullish momentum despite its utility in decentralized data transmission.

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2. BSW (Biswap)

Last Price: $0.0190

24h Change: -20.50%

Biswap, a decentralized exchange (DEX) on BNB Chain, also faced a sharp decline. With trading volumes possibly thinning and market sentiment weakening, BSW's dip puts it near historical lows.

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3. EPIC (Epic Cash)

Last Price: $1.303

24h Change: -18.10%

Despite having a relatively higher price, EPIC couldn't escape the sell pressure. The double-digit percentage loss suggests that investor confidence may be waning, or that it is being impacted by broader market uncertainty.

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4. VOXEL (Voxies)

Last Price: $0.0684

24h Change: -17.49%

VOXEL, the native token of the play-to-earn game "Voxies," dropped considerably, likely reflecting reduced demand in the GameFi sector, which has been struggling to regain its earlier hype.

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5. ALPACA (Alpaca Finance)

Last Price: $0.0418

24h Change: -17.23%

Alpaca Finance, a leveraged yield farming protocol, also joined the red zone. The drop might reflect a risk-off sentiment among DeFi investors, particularly when yields tighten or volatility spikes.

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6. LTO (LTO Network)

Last Price: $0.0323

24h Change: -11.75%

LTO Network experienced a modest yet significant dip. As a hybrid blockchain platform targeting business adoption, its price movement may be tied to general altcoin trends rather than project-specific news.

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