- Aster and MemeCore lead altcoin losses amid strong trading activity.
- Gold-backed tokens and emerging projects face reduced investor demand.
- High trading volumes suggest temporary correction, not broad market exit.
The crypto market experienced a broad decline over the past 24 hours, with several mid- and large-cap assets recording measurable losses. Trading data shows that Aster (ASTR) and MemeCore (M) were among the day’s weakest performers, reflecting a temporary pullback across both speculative and established tokens.
Aster (ASTR) registered the biggest fall of the day, dropping 8.89% to $1.08. The asset’s trading volume stood at $629 million, showing strong market activity despite declining prices. MemeCore (M) followed closely with a 7.64% decrease to $2.09. The decline came as meme-oriented tokens continued to face volatility, following a period of heightened speculative trading that had pushed several such assets to short-term highs earlier in the month.
Ecosystem and Gold-Backed Tokens Also Slip
Emerging project tokens mirrored the broader market trend. DoubleZero (2Z) slipped 5.85% to $0.2348, extending its recent downward movement amid declining risk sentiment in newer ecosystems. Meanwhile, digital commodities tied to gold saw reduced investor demand.
Source: CoinMarketCap
Tether Gold (XAUT) and PAX Gold (PAXG) both traded near $4,036, losing 1.79% and 1.59%, respectively. The decline in these assets shows subdued trading interest in gold-backed stablecoins despite ongoing market uncertainty.
Blue-Chip Altcoins Post Moderate Losses
Among major altcoins, XRP recorded a 1.41% decline to $2.61. The token maintained a daily trading volume of $4.55 billion, signaling continued liquidity despite the price dip. Stellar (XLM) also edged lower by 1.03% to $0.3262, while Kaspa (KAS) fell 0.95% after steady miner accumulation over recent weeks. GateToken (GT), the exchange token of Gate.io, retreated 0.73% over the same period.
Meme and Utility Tokens Show Minor Movements
Pepe (PEPE), one of the most actively traded meme tokens, declined by 0.55%, with a liquidity of over $471 million. Analysts noted that the move likely reflected profit-taking rather than broader market weakness. Smaller-cap tokens, including Quant (QNT), Nexo (NEXO), and UNUS SED LEO (LEO), posted minimal changes, down 0.36%, 0.16%, and 0.07%, respectively.
Market Overview
Despite the general decline, trading volumes across several assets remained high, showing ongoing participation from both institutional and retail traders. Market analysts stated that the pullback implies a temporary moderation in risk exposure rather than an extended sell-off, with volume levels hinting at possible stabilization in upcoming sessions.
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About the Author: Peter Mwangi
