Market Report: Top 5 cryptocurrencies by decline on December 28, 2025, with PIPPIN experiencing the largest drop

PIPPIN-4,09%
MYX55,58%
XDC0,7%
HYPE7,92%

Gate.io News Bot Message, December 28, 2025. According to CoinMarketCap market data, the overall cryptocurrency market has experienced a correction, with the altcoin sector under significant pressure. Newly issued tokens face the risk of falling below their issuance price. The following are the top five cryptocurrencies with the largest declines in the past 24 hours:

1️⃣ PIPPIN (pippin) 📉 Current Price: $0.46 | Decline: -3.56% 📊 24H High/Low: $0.49 / $0.45 | Market Cap: $467 million ⚠️ As a newly issued altcoin, PIPPIN is affected by the collective price decline trend of altcoins in 2025. On-chain data shows only 93 wallets control 80% of the token supply, indicating high concentration risk. Meanwhile, the project lacks substantial updates, with weak fundamental support, making the price susceptible to fluctuations caused by a small amount of capital.

2️⃣ MYX (MYX Finance) 📉 Current Price: $3.40 | Decline: -2.08% 📊 24H High/Low: $3.49 / $3.39 | Market Cap: $856 million ⚠️ MYX, as a decentralized derivatives trading protocol, is impacted by declining market risk appetite. Despite strong annual trading performance on the platform, recent market adjustments have led to capital outflows from the derivatives sector, reducing trading activity.

3️⃣ XDC (XDC Network) 📉 Current Price: $0.49 | Decline: -0.97% 📊 24H High/Low: $0.51 / $0.49 | Market Cap: $924 million ⚠️ XDC Network, as an enterprise-grade public chain, is under pressure amid overall market risk contraction. Although the decline is moderate, the entire public chain sector is experiencing capital outflows, with investor risk appetite decreasing and funds concentrating into mainstream coins.

4️⃣ HYPE (Hyperliquid) 📉 Current Price: $25.96 | Decline: -0.57% 📊 24H High/Low: $26.29 / $25.41 | Market Cap: $8.813 billion ⚠️ Recently, the HYPE foundation burned 11.068% of the circulating supply (worth $912 million) to stabilize the price, but the market remains under pressure. On-chain data shows that BTC long whales have decreased by nearly 50%, and ETH short positions have doubled the long positions, reflecting increased market bearish sentiment.

5️⃣ AB (AB) 📉 Current Price: $0.45 | Decline: -0.68% 📊 24H High/Low: $0.46 / $0.45 | Market Cap: $428 million ⚠️ The AB token’s decline has been relatively stable. However, as a mid- to small-cap coin, liquidity is limited during the overall market correction cycle, with higher volatility risks.

📉 Market Correction Summary and Risk Reminder

The current market shows a clear correction trend, with the altcoin sector bearing the brunt. According to data, approximately 84.73% of altcoins are trading below their TGE (Token Generation Event) issuance price, with only 15.30% maintaining a premium. Market risk appetite has significantly decreased, capital continues to flow out toward mainstream coins and stable assets, and newly issued tokens face the risk of falling below their launch price. Derivatives platform data indicates that short positions are strengthening, and market bearish sentiment is rising.

⚠️ Important Risk Warning: Investors should exercise caution with high-volatility altcoins, especially new tokens with high concentration and weak fundamental support; derivatives trading carries extremely high risk, with leverage positions facing liquidation risk; it is recommended to carefully assess risk tolerance and avoid blindly chasing gains or panic selling. This message is not investment advice. Investors should be aware of market volatility risks.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitmine advances to the NYSE main board! Tom Lee: U.S. stocks may have hit bottom, and selling pressure on Ether could ease

Bitmine has officially moved from the U.S. segment of the New York Stock Exchange to the main board, marking an important milestone for the company. Although its share price has fallen sharply, it has still increased the share repurchase plan limit to $4 billion. The company holds a large amount of Ether, and it expects that a rebound in the crypto market will help improve its assets and share price performance.

CryptoCity2h ago

Bitmine Upgrades to the NYSE Main Board! Tom Lee: US stocks may have bottomed out, and selling pressure on Ether could ease

Bitmine has officially moved from the New York Stock Exchange U.S. board to the main board, marking a major milestone for the company. Despite a sharp drop in the stock price, it has still increased the share repurchase plan to $4.0 billion. The company holds a large amount of Ethereum, and expects that a rebound in the crypto market will help strengthen its assets and stock price performance.

CryptoCity5h ago

RAVE’s hype surge triggers a flood of copycat coin mania, as FF and INX expose the “pump-and-dump” scheme

Recently, altcoins represented by RAVE have sparked a fierce investment craze, but some old star projects like FF and INX have used this wave of hype to carry out “pump-and-dump” operations—rapidly driving up coin prices to lure retail investors to buy, and then dumping them heavily, causing the price to plunge rapidly. Such behavior not only exposes the project team’s funding difficulties, but also damages investors’ trust. Investors need to stay alert to signals like abnormal short-term surges in order to avoid the risk of being manipulated by the market.

MarketWhisper5h ago

Bitmine gets promoted to the NYSE main board! Tom Lee: US stocks may have bottomed out, and sell pressure on Ether could ease

Bitmine has officially moved from the NYSE American board to the main board, marking an important milestone for the company. Despite the sharp decline in its share price, it has still increased the share repurchase plan amount to $4 billion. The company holds a large amount of Ethereum, and it expects that a rebound in the crypto market will help boost its assets and share price performance.

CryptoCity8h ago

Why Is Bitcoin Up Today? Hormuz Blockade Triggers Short Squeeze and a BTC Test of $75k

On April 13, Bitcoin rose from its early-session low of 70,741 to trade as high as $74,900 during the session, approaching the $75,000 level. The main drivers came from two directions: after Trump ordered the blockade of the Strait of Hormuz, traders began to view Bitcoin as a geopolitical hedge asset; and a massive net short position that had been building as funding rates stayed persistently negative was met with liquidation, triggering a chain of liquidations totaling millions of dollars near the $70,000 support level.

MarketWhisper10h ago

Bitmine gets promoted to the NYSE main board! Tom Lee: U.S. stocks may have bottomed out, and Ether’s selling pressure may ease

Bitmine has officially moved from the NYSE American board to the main board in the United States, marking an important milestone for the company. Despite a sharp drop in its stock price, it has still increased its share repurchase authorization to $4.0 billion. The company holds a large amount of Ether, and it predicts that a rebound in the crypto market will help boost its assets and stock price performance.

CryptoCity11h ago
Comment
0/400
No comments