5 Cryptos That Crashed Hardest This Week, And Why
MemeCore lost 75% in 30 minutes. Ethena, Mantle, Worldcoin, and Cosmos also fell double digits as Bitcoin dominance topped 58% and capital fled altcoins.
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The crypto market took a broad hit this week. Bitcoin dominance climbed above 58% as capital rotated toward safety. A hawkish Fed repricing and sustained spot ETF outflows added to the pressure. Altcoins bore the brunt, with five tokens recording particularly sharp losses.
MemeCore ($MEMC) lost 75.75% over the past seven days. The token fell from $3 to $0.50 in 30 minutes Wednesday evening. Trading volume was thin, and a small number of wallets hold most of the supply. The crash cleared almost $8 million in leveraged long positions. Price has since stabilized near $0.65.
Ethena ($ENA) dropped 63.58% year to date and another 8.20% on the day. The token now trades near $0.073 with a market cap of $676 million. Token unlocks have been the main weight. A large portion of supply has already been unlocked, and the remaining vesting continues to add steady selling pressure. On the catalyst side, Ethena-backed StablecoinX completed its merger with TLGY Acquisition Corp and plans to start trading on Nasdaq under the ticker USDE.
Mantle ($MNT) fell 56.08% over the period and sits near $0.42 with a $1.39 billion market cap. The decline tracks the broader risk-off rotation out of mid-cap altcoins. No single scandal or headline drove the move. As Layer-2 tokens lose favour in a Bitcoin-dominated environment, MNT has slid with little token-specific news to stem the fall.
Worldcoin ($WLD) lost 25.75% over seven days. The drop followed a five-week rally that put many short-term holders into profit. Unlike MemeCore's liquidity implosion, this pullback looks like routine profit-taking after a sustained run. WLD still trades at $0.42 with a $1.46 billion market cap and showed a 1% hourly gain at the time of writing.
Cosmos ($ATOM) completed the list with a 21.30% year-to-date loss and a 13.70% decline over the past week. Price sits near $1.51 with a market cap of $782 million. ATOM lacks a fresh catalyst in the current environment. Capital continues to flow toward Bitcoin and AI-related narratives, leaving established Layer-0 tokens to drift lower.
Bitcoin dominance remains above 58%. The Altcoin Season Index still signals a Bitcoin-favoured market. The macro drivers – rate expectations, ETF flows, and risk appetite – show no sign of shifting in the near term.
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