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While many coins posted impressive gains today, several tokens saw sharp pullbacks. The Top Losers list highlights a mix of recent gainers now facing corrections and other tokens under pressure due to market sentiment or low volume. Here’s a breakdown of the top losers in the last 24 hours.
Top losers in crypto in the last 24 hours
KERNEL
KERNEL took the biggest hit, dropping by 15.16 percent and now trading at $0.1992. The sharp decline could be the result of profit-taking after a recent rally or lack of support at key technical levels. With such a steep fall, traders might be cautious in re-entering unless signs of recovery start to appear.
TOWNS
TOWNS followed closely with a 14.43 percent loss, now priced at $0.03713. Interestingly, TOWNS was among the top gainers just a day earlier. The quick reversal suggests a short-term pump-and-dump cycle or possible overreaction from the market after the recent spike. It serves as a reminder of how volatile smaller-cap coins can be.
SYN
SYN dropped by 9.87 percent to $0.1352. This dip places it among today’s more heavily hit altcoins. Whether it’s a correction from recent gains or due to project-specific developments, the near 10 percent slide may encourage short-term sellers while long-term holders wait for a bounce.
RARE
RARE fell by 9.60 percent and is now trading at $0.0584. The coin has shown potential in previous cycles, but today’s selloff indicates low buying support. Unless a catalyst appears, RARE may continue to drift unless volume returns to stabilize its price.
Other notable losers
MAGIC also suffered a 9.54 percent decline and now sits at $0.2258. Known for its role in the gaming ecosystem, MAGIC often sees higher volatility, and today’s red candle may be part of a broader rotation away from riskier gaming tokens.
BICO saw a drop of 7.89 percent, now priced at $0.105. Although the loss isn’t as sharp as others above it, the coin remains under pressure. Lower volume and weaker sentiment might be holding it back, and unless demand picks up, it may stay on the defensive.
SPK fell by 7.04 percent to $0.116947. Similar to other small-cap tokens, this drop might be linked to limited liquidity or lack of immediate market interest. The price action remains weak, but these kinds of tokens often rebound just as quickly if trading interest returns.
TREE is down 6.80 percent at $0.3974. The price drop might not reflect anything fundamentally negative but could be part of general market rotation. Traders looking for re-entry points may keep this on their watchlist if support holds.
NEWT declined 6.79 percent to $0.3404. This dip is fairly moderate compared to others on the list, but it’s enough to place it among the top losers. The move might signal exhaustion after earlier momentum, though no major news seems tied to the drop.
DIA rounds out the list with a 5.98 percent drop, now priced at $0.7251. While not the steepest decline, the loss is still notable and reflects bearish pressure in the data oracle space. DIA’s future movement may depend on broader sentiment in DeFi and market trends in the coming days.