The cryptocurrency market recently witnessed considerable turbulence, with several digital assets listed among the top 100 by market capitalization experiencing substantial value erosion over a seven-day period. Some tokens registered double-digit percentage declines, reflecting heightened volatility in the sector.
Weekly Performance Highlights
An analysis of recent market data reveals specific cryptocurrencies that faced significant downturns. Here’s a look at some notable examples based on their seven-day percentage drops:
* MANTRA (OM): This token experienced the most dramatic decline, plummeting by over 90% within the week. Despite a marginal uptick in the last hour, this severe drop erased a significant portion of its earlier gains. OM was last trading around $0.6376.
* Onyxcoin (XCN): Following closely, XCN saw its value decrease by more than 21% over the past seven days. Recent trading patterns indicated continued weakness, with its price falling to $0.01781. The downward momentum appears persistent despite some medium-term gains earlier.
* Fartcoin (FARTCOIN): This asset, despite its unusual name, commands a considerable market capitalization but suffered a 13.49% drop this week. A significant 24-hour decline exceeding 18% suggests strong selling pressure, with little sign of immediate recovery based on hourly performance.
* Mantle (MNT): As a project with a larger market capitalization (over $2.2 billion), Mantle was also affected, losing nearly 5% in the past week. While the percentage drop is less severe compared to others, its substantial volume and market presence make the decline noteworthy.
Market Volatility Overview
| Cryptocurrency | Approx. 7-Day Change (%) | Additional Notes |
| MANTRA (OM) | -90%+ | Severe drop, recent price $0.6376 |
| Onyxcoin (XCN) | -21%+ | Persistent downward trend, recent price $0.01781 |
| Fartcoin (FARTCOIN) | -13.49% | Significant 24h drop (>18%) |
| Mantle (MNT) | -5% | Notable due to larger market cap ($2.2B+) |
It is worth noting that another token, Raydium (RAY), initially mentioned in performance analyses, actually posted a weekly gain of 25.56%. However, its inclusion in broader discussions of weekly volatility might stem from its negative 24-hour trend, potentially indicating a market reversal or profit-taking phase after its recent gains. These movements underscore the dynamic and often unpredictable nature of the cryptocurrency market.
Maxwell Reed is the first editor of Cryptovista360. He loves technology and finance, which led him to crypto. With a background in computer science and journalism, he simplifies digital currency complexities with storytelling and humor. Maxwell began following crypto early, staying updated with blockchain trends. He enjoys coffee, exploring tech, and discussing finance’s future. His motto: “Stay curious and keep learning.” Enjoy the journey with us!