Over the past 24 hours, several major altcoins have posted significant losses, led by Curve DAO Token (CRV), which fell nearly 10%. Analysts link this to traders taking profits after recent rallies.
Curve DAO Token (CRV)
Curve DAO Token (CRV) experienced the most significant losses, dropping 9.94% to $0.9520. The asset had previously shown strong growth of over 50% in the last 7 days, indicating a potential correction. CRV's market cap is over $1.29 billion with trading volumes around $493 million in the last 24 hours.
Fartcoin (FARTCOIN)
Fartcoin (FARTCOIN) continues to show downward pressure, sliding 7.90% in the past day to $1.34. Despite this pullback, the token is still up over 7% on the week. Fartcoin's market cap has surpassed $1.34 billion, but declining momentum hints at caution among short-term holders.
Sonic (S)
Sonic (S) dropped 7.56% in 24 hours to $0.3749. With over $151 million traded, this decline may reflect waning interest after a modest weekly gain of 4.56%. Sonic's total market cap sits just over $1.07 billion.
Amid the asset corrections, such as Bitcoin, which has stabilized around $118K, a cautious sentiment is observed among investors. While weekly gains are still intact, short-term pressure could intensify if BTC fails to break resistance in the coming days.
