It’s been a rough week in the cryptocurrency market, but some coins have been hit much harder than others. While Bitcoin and Ethereum bled $ due to the macro squeeze, a host of altcoins suffered devastating collapses – led by a memecoin platform that lost three-quarters of its value in a matter of days.
Here are the five cryptocurrencies that crashed hard over the past seven days, ranked by their losses, along with the reason behind each decline.
5 cryptocurrencies that crashed severely this week
1. MemeCore ($1 million): down 75.75%
MemeCore was the undisputed worst performer of the week, which delivered a stunning shock 75.75% Over 7 days, it is now trading around $0.6894 With a market value of about $909 million. Notably, it actually rose 16% on the day, a slight rebound after the massacre.
This has been an implosion due to poor liquidity. The price of MemeCore’s token fell from $3 to $0.50 in less than 30 minutes on Wednesday evening, with low trading volume and concentrated insider ownership making it vulnerable to a sudden collapse. The structural red flags were there all along. Most of the supply is held by a small number of insiders, and the token has carried allegations of market price manipulation by insiders, limited trading volume, and listing on a few exchanges.
The trigger remains a mystery, but the mechanics are clear. It is unclear what led to this decline, but with minimal active bidding, it did not take much to consume MemeCore’s available market liquidity. The only silver lining: The crash removed most of the excess leverage, with nearly $8 million of long positions liquidated, and the price has since shown early signs of stabilizing around the $0.65 level.
2. Athens ($ENA): decreased by 63.58%
Ethena’s ENA token was the second worst performer, after being brutal 63.58% Since the beginning of the year and bleeding 8.20% On the day, trading now near $0.07270 With a market value of $675.7 million.
The ENA problem is structural and clear: token unlocking. ENA remains vulnerable to token opening pressure, as a large portion of the supply has already been opened while the remaining supply continues to mature – and these openings can limit price recovery by creating consistent selling pressure even when the underlying project is strongly supported. The main challenge is demand. ENA has yet to prove that the protocol’s growth actually translates into token demand, and until that becomes clearer, it remains a token with weak near-term momentum.
But it’s not all bleak, there are real catalysts brewing. Ethena-backed StablecoinX has completed its merger with TLGY Acquisition Corp and is set to begin trading on the Nasdaq exchange under the ticker USDE, expanding its stablecoin infrastructure business.
3. Mantel ($MNT): decreased by 56.08%
The scarf is next, down 56.08% During the period and trading around it $0.4224 With a market value of $1.39 billion. It was also among the day’s biggest losers. Mantle (MNT) price fell 13.19% in 24 hours to around $0.43, with trading activity near $62.62 million, making it among the day’s biggest losers. –
Mantle’s decline was less about a single scandal and more about the broader rotation of risk aversion hitting mid-cap altcoins. As capital flees to safety and Bitcoin becomes more dominant, ecosystem and second-layer tokens like MNT tend to suffer significant withdrawals with few tokens. news To soften the fall.
4. Worldcoin ($WLD): down 25.75% (7 days)
Worldcoin, now in circulation $0.4179 With a market capitalization of $1.46 billion, it declined 25.75% within 7 days. But unlike MemeCore’s panic collapse, WLD’s decline looks much healthier. Worldcoin’s decline looks more like a downturn after a strong multi-week streak – it rose for five weeks in a row, resulting in a lot of short-term holders taking profits, so profit-taking was always a possibility.
This distinction is important: a decline driven by profit-taking after a sustained rise is very different from a collapse caused by liquidity. The WLD is still up 1.03% on the hour, indicating some stability.
5. Cosmos ($ATOM): down 21.30% (YTD)
Rounding out the list is Cosmos, which is being traded around $1.51 With a low market cap of $782.5 million 21.30% to date and 13.70% over 7 days. As with Mantle, Atom’s weakness is largely a victim of the broader environment rather than just one headline.
As a Tier 0 ecosystem token with no new catalyst, ATOM has been swept up in the same wave of risk aversion that has led to capital being pulled out of altcoins and into Bitcoin. With “Bitcoin Season” sentiment holding steady, even fundamentally strong projects like Cosmos are struggling to attract buyers, leaving them to drift downward along with the broader altcoin market.
Why did altcoins decline?
None of these drops occurred in a vacuum. The entire market has been under intense pressure, and the overall backdrop explains why speculative altcoins have declined even more. Capital has been moving towards safety rather than risk, with Bitcoin dominance rising above 58% and the Altcoin Season indicator deep into “Bitcoin Season” territory.
The drivers are familiar: a hawkish Fed, ETF outflows, and widespread risk aversion. Markets are now pricing in rate hikes in 2026 after previously expected cuts, continued outflows of Bitcoin ETFs have added additional pressure, and capital is rotating toward AI narratives and institutional partnerships rather than meme currencies and speculation. Symbols.
