No other coin has suffered as much as LUNA, but major coins and tokens like Avalanche, ApeCoin, Solana, Shiba Inu, and Cardano have all seen sizable, double-digit percentage declines over the past day.
Avalanche (AVAX) is one of the biggest losers of the day, down 34% to just below $32, per data from CoinMarketCap. It fell even further earlier this morning to below $28—the lowest since August 2021.
It’s not the only major altcoin suffering today. Solana (SOL) is down 26% in the past 24 hours, dropping to about $52 at present. It fell below $50 earlier today, likewise for the first time since last August.
Cardano (ADA) is down 16% as of this writing to $0.56, reaching lows last seen in February 2021. Meanwhile, Polkadot (DOT) has fallen about 24% over the past day to about $9, dipping to lows not witnessed since January 2021.
Meme coins and tokens—already famously volatile—are dipping hard today too, with Shiba Inu (SHIB) losing 27% over the past day. It’s currently sitting at $0.00001241, a fresh seven-month low. And Dogecoin (DOGE) is down 23% to $0.087 after setting a 13-month low earlier today.
ApeCoin (APE), the token created for the growing Bored Ape Yacht Club ecosystem, was falling fast, shedding 37% of its value over the past 24 hours to a current price of about $5.90. It’s now down 85% from a peak of $39.40 after its launch in March.
Overall, the crypto market is down 11% over the past 24 hours, with leading crypto Bitcoin dropping 6% to a current price just below $29,900. Ethereum, the leading platform for NFTs and decentralized apps (dapps), is down about 8% to about $2,180.
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