The crypto market continues to show price declines among major assets, even as trading volumes remain high. This indicates that investors are actively engaged in trading despite declining prices.
Major Declines in the Crypto Market
The most noticeable decline among cryptocurrencies was the drop in KuCoin Token (KCS) by 4.63%, now priced at $11.55. Pump.fun (PUMP) recorded a decrease of 4.06%, closing at $0.002527. Pendle (PENDLE) also showed a decline of 2.60%, settling at $4.44.
Trading Activity and Volumes
Despite price declines, trading volume remains high. KCS achieved a daily trading volume of approximately $7.72 million, indicating active interest from investors. For instance, Pump.fun had a trading volume exceeding $372 million in the past 24 hours.
Cryptos with Minimal Losses
Among well-known cryptocurrencies, Litecoin (LTC) fell by 1.34%, trading at $113.97. Chainlink (LINK) also experienced a 0.37% decline, priced at $18.26. Other assets like JasmyCoin (JASMY) and Quant (QNT) show minimal losses of 0.34%.
The data shows that high trading volumes continue even as cryptocurrencies lose value. This may indicate stable investor interest despite current market conditions.
