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The crypto market took a breather today. While some tokens saw healthy gains, others weren’t as lucky. Many smaller-cap tokens faced pressure, showing signs of sell-offs or short-term corrections. Traders seem to be locking in profits or moving to safer bets after recent rallies. Here’s a look at the coins that dropped the most in the past 24 hours.
Top Losers in Crypto in the last 24 hours
FIS
At the top of the losers list, FIS saw the steepest fall, plunging by 16.15%. It now trades at $0.1334. This sharp decline could indicate reduced demand or big holders offloading their bags. FIS had been gaining traction recently, so this dip may just be a market reset.
MDT
Next up, MDT fell by 14.57%, bringing its price down to $0.03025. The drop came without any major news, suggesting it could be part of a broader risk-off sentiment in altcoins. MDT often moves quietly, so a correction like this may attract short-term buyers soon.
GLM
GLM also faced heavy selling, sliding 13.83% to $0.2997. It had shown strength earlier this month, so today’s red candle might just be the aftermath of that run-up. Unless the trend continues, this could be a healthy retracement.
BIFI
In the high-value token category, BIFI lost 9.78% and now stands at $207.60. The coin tends to see large swings, but this fall was significant even by its standards. It could be tied to liquidity movement or sudden large sells.
Other notable coins
OMNI was down 8.79%, closing at $2.80. No major announcements surfaced, but the drop lines up with general weakness in low-volume tokens. Similarly, CVX fell by 8.21%, settling at $5.55. The correction might reflect uncertainty among DeFi-related assets, especially with shifting sentiment in the broader ecosystem.
T, also known as Threshold, slipped 8.14%, now at $0.0185. This follows a modest gain streak earlier in the week. Its decline could be temporary, especially if on-chain metrics remain stable.
SPK dropped by 7.31%, currently trading at $0.0942, while REI came in just below with a 7.28% loss, now at $0.0219. These dips aren’t uncommon for micro-cap tokens. Finally, IDEX finished the top 10 loser list with a 6.91% decline, closing at $0.03179.
Altogether, today’s losers reflect a shift in trader attention. Investors appear to be rotating out of high-risk tokens, at least for the moment. With many of these coins coming off recent highs, today’s red numbers could simply be part of a routine market cooldown rather than panic.