The total crypto market capitalization fell 4.7% over the past 24 hours to $2.78 trillion, with trading volume hitting $122.8 billion. Bitcoin, now trading at $81,918, dropped 1.4% and still commands 59.1% of total market share, while its drop was modest compared to the damage elsewhere. NEAR Protocol was the session's biggest loser among trending and ranked coins, falling 12.2% to $4.66. Pump.fun dropped 11.1% to $0.00556, Zcash fell 8.7% to $1,203.31, and Cardano slid 8.7% to $0.234 — a pattern suggesting the selloff hit layer-1 and infrastructure tokens disproportionately hard rather than sparing any single sector.
The pain spread into names typically seen as more insulated. Sui dropped 6.6% to $1.05, Solana fell 5.8% to $109.38, Bittensor slid 6.7% to $271.54, and Pudgy Penguins' PENGU token lost 7.6% to fall to $0.00802. Even Hyperliquid, a standout performer in recent months, slipped 3.9% to $84.66. Quant also retreated 4.4% to $240.41.
Amid the broader rout, two tokens defied the trend in dramatic fashion. Starknet's STRK token surged 22.1% to $0.0600, and Derive's DRV token jumped 27.4% to $0.481 — both bucking a market where the vast majority of coins were deep in negative territory. Quantus, a smaller-cap token ranked 505th by market cap, posted the day's most extreme trending move, up 29.4% to $169.15. None of the official top-five gainers list cracked even 5% gains, underscoring just how lopsided Thursday's price action was: the rally in STRK and DRV stood out precisely because gains of that magnitude were rare across the board.
On the losing side, the official top-losers list reinforced the NEAR story as the session's headline decliner among major-cap assets, with its 12.2% drop far outpacing Pump.fun's 11.1% slide and Zcash's 8.7% retreat. BlackRock's tokenized BUIDL fund, as expected for a dollar-pegged institutional product, held flat at exactly $1.00 with zero percent change, standing in stark contrast to the volatility surrounding it.
Ondo offered one of the only pockets of calm among trending names, edging up 1.1% to $0.474, a modest gain that looked comparatively strong against a market where total capitalization erased tens of billions of dollars in a single day. With Bitcoin dominance holding near 59% even as BTC itself declined, the data points to a market-wide risk-off move rather than a rotation into any single asset class — altcoins broadly underperformed Bitcoin, and NEAR's double-digit drop was the sharpest expression of that pressure among large-cap tokens.