Cryptocurrency markets witnessed significant volatility late Sunday evening, with FORM emerging as the top performer with a remarkable 23.81% gain while XPL led declines, plummeting 12.06% in the past 24 hours.
Top gainers showcase diverse rally
FORM dominated the gainers list, soaring 23.81% to reach $1.23, demonstrating exceptional strength in an otherwise mixed market session. The impressive rally positioned FORM well ahead of other top performers.
Zcash (ZEC) secured the second spot among gainers with an 18.49% surge to $64.91, marking a significant recovery for the privacy-focused cryptocurrency. COW protocol followed closely, advancing 18.19% to trade at $0.3308.
Mid-cap tokens show strong momentum
AWE and PUMP tokens posted notable gains of 14.62% and 14.45% respectively, with AWE trading at $0.11665 and PUMP at $0.005718. HUMA rounded out the double-digit gainers with a 13.74% increase to $0.03592.
Other notable performers included FIDA, which climbed 11.50% to $0.0834, and BERA, gaining 10.04% to reach $2.88. LQTY and IDEX completed the top 10 gainers list with increases of 9.73% and 9.66% respectively.
XPL leads declining tokens
On the opposite end of the spectrum, XPL experienced the steepest decline among major movers, falling 12.06% to $1.40. The sharp drop marked a significant reversal for the token.
Synthetix Network Token (SNX) suffered a 9.43% decline to $1.02, while MIRA dropped 7.88% to trade at $1.06. SOLV and AEVO rounded out the top five losers, declining 6.82% and 6.41% respectively.
Smaller caps face selling pressure
Among smaller capitalization tokens, 1000SATS fell 5.71% despite its microscopic price point of $0.000038. TUT and PROVE witnessed similar declines of 5.70% and 5.55% respectively.
ZRO and BARD completed the list of top 10 decliners, with ZRO dropping 5.13% to $2.26 and BARD falling 5.10% to $0.9779.
Market analysis
The divergent performance between gainers and losers highlights the selective nature of current market momentum. While some tokens posted gains exceeding 20%, others faced significant selling pressure, suggesting traders are becoming increasingly selective in their positions.
The concentration of double-digit moves on both sides indicates heightened volatility as the market enters the final quarter of 2025. Traders will be closely monitoring whether the strong performers can maintain their momentum through the Asian trading session on Monday.
Data as of September 28, 2025, 11:38 PM ET. Cryptocurrency markets operate 24/7 and prices are subject to rapid changes.
