MimbleWimbleCoin (MWC) has experienced a dramatic collapse, plunging 29.24% to $11.48 in the past 24 hours as of February 26, 2026, marking one of the steepest declines among major privacy-focused cryptocurrencies.
The privacy coin reached an intraday low of $9.81 before recovering slightly to its current price of $11.48, representing a $4.75 loss from yesterday’s levels. The 24-hour high of $16.23 shows the extreme volatility that has characterized today’s trading session.
Market Performance Details
Despite the sharp price decline, MimbleWimbleCoin’s market capitalization has paradoxically increased by 2.17% to $128.3 million, maintaining its position as the 228th largest cryptocurrency by market cap. This unusual divergence suggests complex market dynamics at play.
Trading volume reached $124,436 over the past 24 hours, indicating elevated market activity as traders react to the price movement. The circulating supply stands at 11,001,597 MWC tokens out of a maximum supply of 20 million.
Broader Decline Pattern
Today’s crash extends a troubling longer-term trend for MWC holders. The cryptocurrency has declined 23.92% over the past week and 47.46% over the past 30 days, suggesting sustained selling pressure rather than a single isolated event.
The current price represents a 70.43% decline from MWC’s all-time high of $38.81, reached on January 31, 2025—less than one month ago. This rapid depreciation from recent peaks has likely intensified panic selling among retail investors.
Technical Indicators
The 1-hour price change shows a modest 2.30% recovery, suggesting some stabilization may be underway following the initial sell-off. However, traders remain cautious given the magnitude of the 24-hour decline.
Privacy Coin Sector Under Pressure
MimbleWimbleCoin, which implements the MimbleWimble protocol for enhanced transaction privacy, operates in an increasingly scrutinized sector. Privacy coins have faced mounting regulatory pressure globally, though no specific regulatory announcement appears to have triggered today’s decline.
The fully diluted valuation stands at $128.3 million, indicating minimal difference from the current market cap given the high percentage of tokens already in circulation.
Market participants should exercise extreme caution as volatility remains elevated. The cryptocurrency has not yet established clear support levels following today’s dramatic price action.
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About the Author: Ananya Melhotra
