The recent cryptocurrency market downturn, triggered by macroeconomic factors and geopolitical tensions, has led to significant losses for many altcoins. Bitcoin’s fall below $50,000 has exacerbated selling pressure across the broader market. Here’s a look at the top 5 altcoins that have suffered the most in the past 24 hours.
The Biggest Losers
JasmyCoin (JASMY): Once a popular altcoin, JASMY has seen a dramatic 31.20% decline in the past 24 hours. The coin has been particularly hard hit by futures market activity.
dogwifhat (WIF): This Solana-based memecoin has lost 30% of its value in the past day. The coin has been under significant selling pressure due to open interest and overall market sentiment.
Lido DAO (LDO): Despite the anticipated launch of spot ETH ETFs, LDO has experienced a sharp decline. With ETH losing over $2500, LDO has lost several support levels.
Brett (BRETT): As one of the most popular memecoins on the Base network, BRETT has been on a downward trend. The underperformance of the Base network compared to Solana and Ethereum has contributed to this decline.
Pepe (PEPE): Ethereum’s leading memecoin, PEPE, has continued to face selling pressure. The coin has lost 27.70% in the past 24 hours.
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