The cryptocurrency market kicked off the week on a sour note, with a sweeping sell-off wiping out 3% of total market value in just 24 hours. Red candles dominated trading charts as investors scrambled to reassess their positions. Mounting global trade tensions and fading momentum from the previous bullish rally have combined to pressure both major assets and altcoins alike.
As volatility returns to the forefront, even blue-chip digital currencies like Bitcoin, Ethereum, and XRP saw significant losses—signaling growing unease across the ecosystem.
Bitcoin, Ethereum, and XRP All Take a Hit
Bitcoin (BTC) dropped below the $84,000 mark, currently trading at **$83,100**. While the decline may seem modest, it was enough to shake investor confidence and suggest potential for further downside movement. Key technical indicators show weakening support levels, raising concerns about whether this dip is merely a correction or the start of a deeper pullback.
Ethereum (ETH) faced steeper losses, plunging 4% to **$1,580** and breaking below the critical $1,600 threshold. This reversal erases much of ETH’s recent recovery and repositions it firmly in bearish territory. With declining on-chain activity and reduced staking yields, Ethereum is struggling to maintain bullish sentiment amid broader macro uncertainty.
Meanwhile, XRP also declined by 4%, edging dangerously close to the $2.00 psychological level. Despite a short-lived rally earlier in the week, renewed selling pressure has left XRP vulnerable. Should market conditions deteriorate further, analysts warn of a potential breakdown that could accelerate losses.
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The Top 5 Cryptocurrencies That Crashed Hardest
While major cryptocurrencies struggled, some altcoins experienced catastrophic drops. Below are the five worst-performing digital assets over the past 24 hours, based on price depreciation and market impact.
1. MANTRA (OM) – Down 80.19%
MANTRA (OM) led the downfall with a staggering 80.19% single-day plunge, marking one of the most dramatic collapses seen in 2025. Once hailed for its decentralized finance (DeFi) integration and institutional-grade blockchain infrastructure, OM’s sudden crash has sparked widespread speculation about possible insider selling or a “rug pull.”
With its market cap tumbling from $6.1 billion to just over $1.2 billion in hours, traders are questioning the project’s transparency and long-term viability. The sharp drop coincided with abnormal withdrawal patterns on decentralized exchanges, further fueling fears of compromised trust.
2. Movement (MOVE) – Down 12.74%
Movement (MOVE), a layer-1 blockchain built for Web3 gaming and decentralized applications, lost 12.74% in value despite showing short-term resilience with a slight hourly uptick. The broader sell-off overshadowed MOVE’s recent network upgrades and developer activity.
Although fundamentals remain relatively strong—low inflation rate, active GitHub commits, and growing dApp adoption—the token’s high correlation with speculative trading trends made it vulnerable during market stress.
3. Walrus (WAL) – Down 11.59%
Walrus (WAL), an emerging meme coin riding viral social media momentum, fell 11.59%, erasing nearly all gains from last week’s surge. Known for its community-driven launches and NFT integrations, WAL lacks substantial utility beyond speculation.
Its high volatility makes it especially sensitive to sentiment shifts. With no major partnerships or real-world use cases announced recently, WAL appears increasingly exposed to pump-and-dump dynamics.
4. EOS – Down 11.41%
Once a top-tier smart contract platform, EOS declined by 11.41%, highlighting ongoing challenges in regaining relevance amid fierce competition from newer blockchains like Solana and Sui.
Despite improvements in transaction speed and developer tools, EOS has failed to attract significant new projects or users. Declining exchange inflows and low staking participation suggest weakening investor interest—making it susceptible to broader market selloffs.
5. Ethena (ENA) – Down 11.08%
Ethena (ENA), promoted as a synthetic dollar yield protocol backed by crypto reserves, dropped 11.08% amid growing scrutiny over its reserve transparency and sustainability model.
While ENA had gained traction earlier in 2025 due to its high-yield offerings, concerns about over-collateralization risks and reliance on perpetual futures funding rates have resurfaced. Any perceived instability in its backing mechanisms could trigger further outflows.
What Comes After the Crypto Crash?
The current market correction raises a critical question: Is this a temporary pullback—or the beginning of a broader downturn?
With Bitcoin, Ethereum, and XRP all testing key support levels, the next 48 hours will be pivotal. A break below $82,500 for BTC could open the door to sub-$80,000 territory, while ETH must reclaim $1,620 to restore bullish momentum.
Several macro factors are at play:
- Escalating global trade tensions are increasing risk aversion.
- Institutional inflows have slowed compared to early Q1 2025.
- Regulatory uncertainty continues to weigh on investor sentiment.
On the flip side, any positive resolution in trade negotiations or renewed institutional buying could spark a rapid rebound. Historically, sharp corrections like this have often preceded strong recovery phases—especially when accompanied by increased on-chain activity and exchange outflows.
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Frequently Asked Questions (FAQ)
What caused the recent cryptocurrency market crash?
A combination of macroeconomic pressures—including rising global trade tensions—and profit-taking after a strong prior rally contributed to the selloff. Additionally, panic triggered by MANTRA’s 80% crash amplified fear across altcoin markets.
Why did MANTRA (OM) drop so drastically?
While no official cause has been confirmed, evidence points toward possible insider selling or a “rug pull.” Unusual withdrawal patterns on decentralized exchanges and sudden liquidity removal from pools suggest coordinated dumping.
Are Bitcoin and Ethereum still safe investments?
Historically, BTC and ETH have recovered from similar corrections. Their underlying networks remain robust, with strong development activity and institutional backing. However, short-term volatility should be expected during uncertain macro conditions.
Should I buy the dip or wait?
That depends on your risk tolerance and investment horizon. Long-term investors often view sharp dips as accumulation opportunities. Short-term traders should monitor key support levels and wait for signs of stabilization before entering new positions.
How can I protect my portfolio during a crash?
Diversification, stop-loss orders, and allocating only risk-capital are essential strategies. Staying informed through reliable data sources—not social media hype—helps avoid emotional decisions during turbulent periods.
Which altcoins are most at risk during downturns?
Highly speculative tokens with low liquidity, minimal utility, or heavy reliance on social sentiment—like certain meme coins—are most vulnerable. Projects lacking transparent teams or audited code also face higher risks.
Final Thoughts: Navigating Volatility with Strategy
Market downturns, while unsettling, are a natural part of the crypto cycle. The collapse of MANTRA serves as a stark reminder of the risks inherent in high-growth altcoins—especially those driven more by hype than fundamentals.
Meanwhile, established players like Bitcoin and Ethereum continue to demonstrate resilience despite short-term fluctuations. For savvy investors, periods like these offer valuable opportunities to reassess portfolios, strengthen risk management practices, and position for future growth.
👉 Stay prepared for what’s next—access real-time data and tools that help you act confidently.