Gate.io News Bot Message, January 21, 2026. According to CoinMarketCap market data, the overall cryptocurrency market is under pressure and adjusting, with several major coins experiencing significant corrections. Among them, privacy coins and derivatives tokens led the declines, and market risk sentiment has been somewhat released. The following are the top five performers in the past 24 hours:
1️⃣ XMR (Monero )
📉 Current price: $504.62 | Change: -16.85%
📊 24H high/low: $622.26 / $486.03 | Market cap: $931 million
⚠️ After surging to around $800, Monero experienced profit-taking. Large on-chain short positions increased, with the “20 million wave hunter” continuously adding to XMR short positions to 8,383 coins, with an unrealized profit of $7.78 million. Market shorting pressure has significantly increased. Funds from the privacy coin sector partially flowed into small- and mid-cap targets like DUSK, causing the leader XMR to pull back under pressure.
2️⃣ HYPE (Hyperliquid )
📉 Current price: $21.42 | Change: -9.20%
📊 24H high/low: $23.82 / $20.91 | Market cap: $647 million
⚠️ HYPE faces multiple pressures: firstly, a whale holding a 5x leveraged long position is currently at a loss of over $23.3 million, increasing liquidation risk; secondly, major on-chain long whales are generally deeply trapped, with the top holder at a loss of $21.3 million; thirdly, over 3.2 million HYPE tokens worth more than $75 million will be unlocked in the next five days, and the expected release of staked tokens is putting downward pressure on the price; fourthly, the Trove project has shifted from Hyperliquid to Solana, damaging ecosystem confidence.
3️⃣ MORPHO (Morpho )
📉 Current price: $1.16 | Change: -8.46%
📊 24H high/low: $1.28 / $1.14 | Market cap: $44 million
⚠️ Morpho announced that its Discord server will switch to read-only mode starting February 1 due to security concerns. This change in official communication channels has raised market worries about project stability. Additionally, small-cap tokens tend to have weaker liquidity and are more susceptible to market risk sentiment.
4️⃣ IMX (Immutable )
📉 Current price: $0.24 | Change: -8.14%
📊 24H high/low: $0.26 / $0.23 | Market cap: $488 million
⚠️ IMX will unlock approximately 9.62 million tokens (worth about $2.7 million) on January 24, which is expected to release selling pressure. Meanwhile, in the context of overall market correction, gaming tokens are under pressure, and market risk aversion has increased.
5️⃣ DASH (Dash )
📉 Current price: $69.12 | Change: -7.49%
📊 24H high/low: $75.56 / $68.05 | Market cap: $868 million
⚠️ After a 141% surge over a week, DASH experienced concentrated profit-taking at high levels. Funds within the privacy coin sector are rotating rapidly, with some investors missing earlier gains and buying into small- and mid-cap privacy coins like DUSK, leading to a technical correction in DASH, the sector leader, with heavy overhead pressure from trapped positions.
📉 Market Summary and Risk Warning
The current market features the following characteristics: The privacy coin sector is showing divergence at high levels—XMR and DASH, as sector leaders, have corrected after strong rallies, indicating a shift of funds toward small-cap targets; Derivatives tokens like HYPE face multiple negative factors—staking releases, long position losses, and ecosystem changes are simultaneously suppressing prices; Large on-chain short positions have significantly increased—key trading addresses continue to add to short positions on major coins, intensifying market shorting sentiment; Overall market risk is intensifying—multiple tokens face unlocking, profit-taking, and technical pressure.
⚠️ Important Risk Warning: The market is currently highly volatile. Investors should pay close attention to: (1) Large token unlock pressures; (2) Liquidation risks for leveraged longs; (3) Policy uncertainties in the privacy coin sector; (4) Liquidity risks on derivatives platforms. It is recommended that investors operate cautiously, control risk exposure, avoid chasing highs, and closely monitor key support levels for defense.
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
Bitcoin, ether, solana slide further as Trump threatens to hit Iran 'extremely hard'
Bitcoin and major cryptocurrencies fell sharply after Trump's address threatened escalated military action against Iran, reversing a previous rally. The ongoing conflict continues to create volatility in the market. Despite historical April gains, optimism is tempered by geopolitical tensions.
CoinDesk59m ago
Trump makes a tough statement to pressure Iran, Bitcoin falls below a key level, and the crypto market is under pressure again
Driven by the impact of Trump’s hardline remarks toward Iran, the crypto market weakened, with Bitcoin and Ethereum falling to $66,609 and $2,056, respectively. Market panic sentiment intensified, and the Fear & Greed Index dropped to 8. War risk pushed energy prices up, suppressing the valuations of risk assets, and in the short term volatility in crypto assets could increase.
GateNews1h ago
Trump’s “Stone Age” speech threatens to seriously hit the market; Bitcoin’s price gives back its gains
U.S. President Trump threatened in a speech to launch even harsher strikes against Iran. The market reacted sharply: Bitcoin and the stock market fell significantly, and oil prices surged. Iran has no intention of backing down and is pushing for legislation on permanent tolls, showing that tensions between the two countries have not eased. The market believes a ceasefire cannot be achieved quickly.
MarketWhisper1h ago
Trump says the Strait of Hormuz will be made “naturally open,” and the market shows disagreement through selling off
Trump expressed optimism in his speech about Iran’s military actions, saying the Strait of Hormuz will be “naturally open,” but he did not provide a specific plan, leading markets to sell off. Iran, in turn, made no concessions and plans to pass legislation to collect transit fees, further increasing uncertainty. The market reaction shows that risk assets underwent broad repricing.
MarketWhisper1h ago
Monad locks in $350 million, and its low fee rate and FDV being halved release a cautious signal
Monad blockchain reached a total value locked (TVL) of $355 million within about four months, setting a record for rapid growth, but its daily transaction fees are less than $3,000, indicating a disconnect between locked capital and real trading activity. At the same time, the fully diluted valuation of the MON token fell from $4.7 billion to about $2.2 billion, reflecting the market’s lack of confidence in its continued ability to attract users.
MarketWhisper2h ago
Pi Network RPC server startup, supply pressure obstructs a technical rebound for PI
Pi Network announced that its testnet remote procedure call (RPC) servers are now live, laying the groundwork for building a smart contract ecosystem. Although this news is seen as a positive, the core team’s selling of more than 21.8 million PI tokens, along with the ongoing supply pressure stemming from user top-ups, has still exerted downside pressure on the market. Technical analysis shows that the support level for the PI token is $0.1736; the future price action needs to be closely watched.
MarketWhisper2h ago
