These Popular Altcoins Lost the Most in the Last 24 Hours: What You Need to Know

The past 24 hours have been nothing but brutal in the cryptocurrency market. To be completely fair, traditional finance felt it too, with gold prices plunging just as hard, as well as major indices.

Crypto’s total market capitalization plunged from around $3.05 to $2.88 trillion, wiping out almost $200 billion.

As CryptoPotato reported, Bitcoin’s price plunged to a 6-week low and then some. Liquidations in derivatvies market approach $2 billion. But some altcoins felt it harder than others, so let’s have a look.

Why is the Uniswap (UNI) Price Down Today?

UNI is trading at $4.22 at press time. The price lost almost 10% during the past 24 hours and almost 13% in the last week, making it today’s worst performer.

Analytics account CryptoPulse commented yesterday that UNI is on the verge of dropping below a major support at around $4.7.

The analyst outline dthat on the weekly time frame, the altcoin has formed a head and shoulders pattern with the neckline sitting within the range between $4.7 and $5.6, concluding:

The scenario has played out, and the price is now well below the abovementioned trading range. Moreover, Santiment reported that both Uniswap and Chainlink saw a “notably high amount of negative commentary to other altcoins,” which could potentially signal a shift in overall market sentiment in the days leading to the crash.

Why is the Zcash (ZEC) Price Down Today?

At the time of this writing, ZEC is trading at $333, down 9.5% in the past 24 hours and 6.6% in the past week. In all fairness, ZEC’s price has been on a disappointing course in 2026, mostly trading in a declining range.

This is in stark contrast to its price performance in late 2025, when it was one of the most dominant altcoins, and undoubtedly the best-performing one in the field of privacy-oriented cryptocurrencies.

This has changed in the new year, with attention shifting to Monero’s XMR. While ZEC is down 22% during the past 3 months, XMR gained 25%, showcasing the clear winner of the attention battle between the two. It’s worth noting that XMR is almost 50% down in the past two weeks, though. It appears that contracting liquidity, along with worsening market sentiment, is also having a considerable price impact on privacy coins.

Why is the Aave (AAVE) Price Down Today?

AAVE is down 8.8% in the past day and about 10% during the past week. Its yearly performance is no better as the altcoin has lost more than half of its value during the period. At the time of this writing, it sits at $140 and has a market capitalization of around $2.14 billion.

The DeFi narrative has so far failed to play out, as lending protocols haven’t quite retained the gains made during last year’s rallies. AAVE is no exception. While it soared to almost $350 last spring, its current price is a far cry from that level.

But why is AAVE down today? The altcoin is mostly tracking the performance of the rest of the cryptocurrency market, which, as outlined above, lost $200 billions in this period.

The question of what happens next was addressed by quite a few analysts. One of the more popular traders, Ali Charts, expects considerable volatility. According to him, the price was trading within a triangle pattern, which should result in a 40% move.

As you can see in the chart, the price has already broken out of the pattern, and 10% of the move was completed, albeit in a negative direction.

Why is the Pump.fun (PUMP) Price Down Today?

Pump.fun is one of the most popular protocols on Solana. It was the biggest reason for the network’s growth in 2024 and 2025, spurring a massive wave of meme coins created through its application.

After it released its native token, which is heavily associated with the revenue it generates, traders have placed it in the same basket as solutions such as Hyperliquid, because Pump.fun was (at the time) generating massive revenues.

As the meme coin mania has started to fade, so have protocol revenues.

At the time of this writing, PUMP trades at $0.0027, down 8% in the past 24 hours. However, it’s worth noting that PUMP is up almost 46% during the last month and 11.9% in the last week, clearly showing that interest remains. The most recent dump could be attributed to the overwhelmingly negative market conditions, which are surely to reflect on well-performing altcoins as well.

However, whether that’s the case remains to be seen in the next few days. If PUMP manages to climb back to last week’s levels, the drop will have resulted from market correlation. A failure to do so could signal concern.

Why is the Hyperliquid (HYPE) Price Down Today?

Hyperliquid stunned market participants a few days ago, increasing by more than 50% in a few days. This came on the back of increased HIP-3 volumes and record-breaking open interest. To those unaware, HIP-3 allows anyone to create a market on Hyperliquid in a fee split with the protocol in exchange for tapping its infrastructure and liquidity.

That said, many teams are building tradfi rails on Hyperliquid. The boom in gold and silver prices has attracted significant interest to HIP-3 markets, where on-chain traders seek exposure without off-ramping.

Moreover, Hyperliquid remains the industry’s leading revenue-generating protocol, generating millions in daily revenue, 99% of which goes toward buying back its own token.

So why is the HYPE price down today? Well, during yesterday’s crash, HYPE remained relatively stable, but the downward pressure cought up and pushed the price down by 8% today. However, it remains up by more than 42% in the last seven days and is one of the few tokens that’s up on the 7-day, 14-days, 30-days, and 1-year charts.

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