The cryptocurrency market saw a sharp downturn today, with meme tokens and Solana-based assets bearing the brunt of the losses.
Here’s a look at the top five tokens that posted the steepest drops in the past 24 hours, despite some maintaining strong market caps or trading volumes.
SPX6900 led the losses with an 11.99% drop in 24 hours, now priced at $1.08. The token also shed 18.04% over the past week, reflecting persistent bearish pressure. Despite this, its market cap remains above $1 billion, backed by a notable 24-hour volume of nearly $50 million.
The meme-inspired Fartcoin tumbled 10.78% today to $1.02, though it showed a slight 0.45% gain over the past week. It still boasts a hefty $1.02 billion market cap and an impressive $169 million in daily trading volume — indicating strong speculative activity despite the downturn.
Another meme coin, dogwifhat, saw its price fall by 8.59% to $0.7910. The token is also down over 7% this week, continuing its recent losing streak. With over $243 million in 24-hour volume, it’s clear the token remains a popular but volatile asset.
Solana-based Jito dropped 7.71% on the day to $2.05, adding to its weekly decline of 1.58%. JTO’s daily trading activity stands at $46.4 million, while its market cap is just over $703 million — down significantly from previous highs.
Although HYPE posted a modest 6.95% daily loss, it remains the most valuable asset on this list with a market cap over $12.4 billion. Trading at $37.21, the token has held relatively steady over the past week, with a slight 0.28% increase.
These tokens reflect a broader cooling in speculative assets, especially those tied to meme culture or recent Solana ecosystem hype. While daily volumes remain high, traders appear to be locking in profits or shifting to more stable positions as volatility persists.
