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The crypto market saw a wave of downside pressure over the last 24 hours, with several altcoins facing sharp declines amid what appears to be a broader market cooldown.
Top Crypto Losers in the last 24 hours
VOXEL
At the top of the list of losers is VOXEL, which plummeted 21.71%, falling to $0.0541. This steep drop makes it the worst-performing asset on Binance’s daily rankings, raising concerns among short-term holders and traders alike.
The reason behind VOXEL’s decline remains unclear, though such a significant move often points to heavy sell-offs, profit-taking, or a lack of liquidity support at key levels. For a token that had previously shown periods of strong performance, this pullback suggests increased volatility and possible investor exit from riskier altcoin plays.
SYN
Close behind VOXEL, SYN also posted a considerable decline, dropping 20.38% to trade at $0.1531. It was followed by SLP, which slid 19.06% to $0.002038, continuing its consistent struggle with sustaining bullish momentum. Tokens like SLP, which are often associated with gaming ecosystems, tend to face harsh price swings when user activity or reward structures shift.
Other Notable Losers
The downward trend continued with ARDR and MOVE, both of which recorded identical losses of 18.90%, now priced at $0.10429 and $0.1442, respectively. These drops reflect a growing sense of caution in the altcoin market, where smaller-cap tokens are the first to feel the impact when sentiment turns bearish.
Adding to the list of double-digit declines, MOVR fell 16.97% to $5.82, FIDA dropped 16.13% to $0.1035, and KAITO declined 16.10% to $1.34. Although each project has its fundamentals, its sharp price action may suggest broader liquidation trends or panic exits from investors reacting to wider market weakness.
BAKE and DIA rounded out the top 10 losers, both falling just over 16%. BAKE is now priced at $0.0917, while DIA trades at $0.8517. These moves further underline the market-wide pullback, with even relatively well-known names experiencing strong downside.
Altcoin markets are notoriously volatile, and today’s downturn reminds investors that quick rallies are often followed by sharp reversals. As always, proper risk management, diversified portfolios, and a focus on long-term fundamentals remain key when navigating days like this. The current correction, while intense, could also present buying opportunities for those looking to enter quality projects at a discount, provided the underlying market stabilises.