Perpetuals Tokens Plunge 12% Amid High Trading Activity Made In USA Coins Plummet Up To 22.6% On Market Turmoil Meme Coins Drop 17% But Could Lead Next Crypto Rally

Perpetuals tokens, such as HYPE and WOO, have experienced a significant decline, with both tokens dropping over 12% in the past week. Despite this downturn, the perpetuals sector continues to see strong trading activity and high revenue, suggesting a potential rebound. Perpetuals platforms are exchanges that allow traders to buy and sell perpetual futures contracts, which have no expiration date. These platforms use a funding mechanism to keep contract prices aligned with the spot market while enabling traders to take long or short positions with leverage. Hyperliquid remains the dominant force in the perpetuals space, generating an impressive amount of fees over the past week. However, this level of dominance also suggests that the market has room for competitors to emerge and challenge its position. Arkham, for instance, has surged in the last 24 hours, signaling that some traders are betting on alternative projects within the perpetuals ecosystem. Overall, these trends make perpetuals one of the must-watch crypto narratives of the week.

Made In USA coins, including PI, ADA, and HBAR, have suffered major losses amid broader market turmoil. PI has dropped 22.6%, while ADA and HBAR have both declined by 18.9%. This category includes projects that often attract regulatory scrutiny or benefit from institutional backing. The latest downturn aligns with broader market weakness, as both the crypto and stock markets have been hit hard. The US stock market saw a massive wipeout following a push for new tariffs. Given the scale of this correction, a potential rebound could be on the horizon if investors view the recent dip as an overreaction. Historically, sharp declines in both crypto and equities have been followed by strong recoveries, especially when macroeconomic fears subside. While the downtrend remains intact for now, a shift in sentiment could trigger a bounce for Made In USA coins if market conditions stabilize.

Meme coins have been hit hard, but their history of sharp rebounds suggests they could lead the next rally if sentiment shifts. Dogecoin (DOGE), the largest meme coin by market cap, has dropped more than 17% in the last seven days. TRUMP is down over 14%, and PEPE and BONK have both lost more than 10% during the same period. However, if the crypto market stages a rebound this week, meme coins could see some of the strongest recoveries. Historically,