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The aggregated capitalization of the cryptocurrency market is down by 1.6% in the last 24 hours, but top-tier altcoins Toncoin ($TON), Cardano ($ADA), Solana ($SOL) see the biggest pressure. Major meme coins are also losing billions of their market cap today.
$TON, $ADA, $SOL amid worst performers in top 50
In the top 50 cryptocurrencies by market cap, Toncoin ($TON), Cardano ($ADA) and, in particular, Solana ($SOL) are in the deep red today. Solana ($SOL) lost 3.8% of its capitalization overnight. With the $SOL price dipping to $137, Solana ($SOL) is surpassed by USDC as the fifth largest altcoin.
Toncoin ($TON), the core native cryptocurrency of the eponymous Telegram-linked blockchain, is down by 2.8%. $TON's price has dropped to $1.59, and the asset is now close to losing its place in the top 40 assets by market cap.
Cardano ($ADA), another major cryptocurrency, lost 3.2% of its price. $ADA plunged to $0.4189 as its net capitalization hit $15.2 billion.
Aptos (APT), an AltVM blockchain and the "Solana killer," is the worst performer in the top 100. After losing 8.2%, its price plummeted to $2.04 and its capitalization failed to hold above the $1.5 billion level.
Both Bitcoin ($BTC) and Ethereum ($ETH) look stronger, losing about 2% each. Ethereum ($ETH) is struggling to defend the $3,000 level.
Top meme coins $SHIB, $DOGE bleeding
Bitcoin ($BTC), the biggest cryptocurrency, sits at $90,900. Bitcoin's ($BTC) capitalization hit $1.81 trillion after $40 million in long positions were erased.
Major community meme coins Dogecoin ($DOGE) and Shiba Inu ($SHIB) are also decimated today. Dogecoin ($DOGE), the biggest meme crypto, lost 3.8%, $DOGE's price plunged below $0.15.
Shiba Inu ($SHIB), the second biggest meme coin, lost 4.5%. $SHIB's price touched $0.000008503 with its capitalization below $5 billion.
Memecore (M), Sky (SKY) and Quant (QNT) are the only cryptocurrencies in the green zone besides wrapped tokens.