Cryptocurrencies Plunge 11.99% to 6.95% Amid Market Volatility

Generated by AI AgentCoin World
Tuesday, Jul 1, 2025 7:16 pm ET1min read
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In the past 24 hours, several cryptocurrencies experienced significant declines, despite maintaining substantial market capitalizations. Leading the losses was SPX6900 (SPX), which dropped by 11.99% to $1.08. This decline was part of a broader trend, as SPX also saw an 18.04% decrease over the past week. Despite these losses, SPX's market cap remained above $1 billion, supported by a 24-hour trading volume of nearly $50 million.

Fartcoin (FARTCOIN), a meme-inspired token, also faced a notable decline, falling by 10.78% to $1.02. However, it showed a slight gain of 0.45% over the past week. Fartcoin's market cap stood at $1.02 billion, with a daily trading volume of $169 million, indicating strong speculative interest despite the downturn.

Another meme coin, dogwifhat (WIF), saw its price fall by 8.59% to $0.7910. The token has been on a losing streak, with a weekly decline of over 7%. Despite this, WIF maintained a 24-hour trading volume of over $243 million, highlighting its popularity and volatility.

Jito (JTO), a Solana-based token, dropped by 7.71% to $2.05, adding to its weekly decline of 1.58%. JTO's daily trading activity was $46.4 million, with a market cap of just over $703 million, down from previous highs.

Hyperliquid (HYPE) experienced a modest 6.95% daily loss, trading at $37.21. Despite this decline, HYPE remains the most valuable asset on this list, with a market cap over $12.4 billion. The token has held relatively steady over the past week, with a slight increase of 0.28%.

These tokens reflect a broader cooling in speculative assets, particularly those tied to meme culture or recent hype in the

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ecosystem. While daily trading volumes remain high, traders appear to be locking in profits or shifting to more stable positions as volatility persists. The broader cryptocurrency market has been under pressure, with several high-profile tokens experiencing fluctuations. Investors are advised to exercise caution and conduct thorough research before making any investment decisions in this volatile environment.