- Major cryptos show price drops despite high trading volumes and strong market activity.
- Large volumes persist across tokens amid steady price declines, signaling active investor engagement.
- High liquidity continues even as multiple cryptocurrencies face moderate to significant price corrections.
The latest crypto market data reveals KuCoin Token (KCS) as the leading decliner, dropping 4.63% to $11.55. Despite the price correction, trading activity remains steady, with KCS recording a daily volume of approximately $7.72 million. This trend of major volumes amid price drops appears across several digital assets, reflecting ongoing investor engagement.
Pump.fun (PUMP) followed KCS with a 4.06% decrease, closing at $0.002527. The token’s 24-hour trading volume stood out at over $372 million, indicating large market interest despite the downward movement. Pendle (PENDLE) also faced a decline of 2.60%, settling at $4.44, while maintaining a solid daily volume of $76.8 million.
Monero (XMR), known for its privacy features, experienced a 1.80% price drop to $324.26. However, its daily trading volume remained strong, exceeding $130 million. Similarly, XDC Network (XDC) declined by 1.63% to $0.08763, with a 24-hour volume of $50.6 million, and Conflux (CFX) fell 1.47% to $0.1803, registering the highest volume on the list at $249.5 million.
Established Cryptocurrencies Show Moderate Losses
Litecoin (LTC) saw a 1.34% decrease, trading at $113.97. The daily volume for LTC surpassed $676 million, showing ongoing liquidity. Lido DAO (LDO) dropped 1.17% to $1.08, supported by a 24-hour volume near $93 million.
Chainlink (LINK), a major decentralized oracle network, posted a small decline of 0.37%, with the price at $18.26 and a trading volume of $548 million. JasmyCoin (JASMY) and Quant (QNT) recorded minimal losses of 0.34%, priced at $0.01718 and $120.83 respectively. Their volumes were $47.1 million for JASMY and $19.8 million for QNT.
Artificial Superintelligence Alliance (FET) and Nexo (NEXO) showed small decreases of 0.14% and 0.13%. FET traded at $0.7319 with a volume of $87.7 million, while NEXO was at $1.31, supported by a daily volume of $12.9 million. Tether Gold (XAUt) remained nearly unchanged, with a 24-hour volume of $21.45 million.
The data shows a consistent pattern of large trading volumes accompanying price declines across various cryptocurrencies. High liquidity and market participation remain despite downward price movements.
