Tag: crashes

  • Internet Computer (ICP) crashes to $3.50 as AI hype fades and market pressure mounts

    Internet Computer (ICP) crashes to $3.50 as AI hype fades and market pressure mounts

    An Image Showing ICP Token

    • Internet Computer (ICP) price has dropped 6% in the past 24 hours to under $3.50.
    • Recently, the altcoin pumped from lows of $2.80 to above $9.62.
    • Overall market weakness could see ICP price tank further, although an uptick for Bitcoin will boost altcoins.

    The Internet Computer (ICP) token has endured a sharp downturn in the past month, culminating in a 24-hour dip of over 6% as the price broke below $3.50.

    Losses for Internet Computer come amid a 29% decrease in trading volume, suggesting bulls could benefit from reduced selling pressure.

    However, with ICP briefly rallying on hype around AI integrations like the Caffeine platform, only to reverse course, it may yet allow bears to strengthen the upper hand.

    Internet Computer price slips to $3.50

    The ICP project, launched by the DFINITY Foundation, is one of the top artificial intelligence-related coins.

    DFINITY aims to revolutionize the internet by enabling fully on-chain applications, from decentralized finance to AI-driven services, without reliance on traditional cloud providers.

    In early November, the DFINITY Foundation unveiled an update for its AI platform Caffeine DeAI.

    The news saw the price of ICP surge sharply, with bulls eventually hitting highs of $9.62 on Nov. 8, 2025.

    ICP Price Chart
    Internet Computer price chart by TradingView

    The uptick aligned with market cheer for an update that pushed the narrative of the Internet Computer as a key AI cloud engine.

    As well as allowing users to create and deploy apps easily, Caffeine features an App Market and supports monetization.

    DFINITY said Caffeine will help drive network usage and transition ICP to a deflationary asset, among other features.

    However, the token’s price has tumbled since that November peak and hit $3.50 on December 5, 2025. That’s a 64% dump in the past month and reflects broader market pressure.

    What could catalyze short-term losses for ICP?

    Market analysts have attributed the sell-off pressure across crypto to a confluence of factors.

    As well as macroeconomic headwinds, FUD around Tether and Strategy (MSTR) has dampened risk appetite for Bitcoin (BTC) and the speculative assets across altcoins.

    These same aspects apply to ICP and the dip to $3.50, with intraday revisits of lower levels, strengthening the fragile outlook.

    Adding to this is the overall sentiment around token dumps if BTC price tanks.

    Recently, when Bitcoin dipped to near $80,000, the Internet Computer token plummeted from above $5 to below $4.2.

    Price currently hovers around $3.51 as Bitcoin flirts with support near $90,500. If momentum escapes bulls further, sellers could eye the all-time lows of $1.98 reached in October 2025.

    On the flipside, the altcoin could benefit from network upgrades and adoption trends.

    This, amid a resurgence in AI tokens and tokenized Bitcoin demand, may help buyers. A shift in sentiment as the macro environment improves will be crucial to bulls.

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  • Nillion (NIL) price crashes 50% after unauthorized market-maker sell-off

    Nillion (NIL) price crashes 50% after unauthorized market-maker sell-off

    Nillion Price Crash

    • Nillion price fell more than 50% as altcoins battled sell-off pressure.
    • The team has accused a market maker of dumping the platform’s native token.
    • Despite the price dump, the team has initiated a token buyback using treasury funds.

    The price of Nillion (NIL), a token associated with a private computing network that champions data privacy, has crashed sharply over the past 24 hours.

    As cryptocurrencies tanked amid macro jitters, the small-cap token’s price plunged from above $0.21 to under $0.10. Sellers touched lows of $0.0.086.

    NIL’s brutal 50% crash was accompanied by a staggering 680% jump in daily volume. A panicked market saw Nillion price dumping, and accelerated on Wednesday as  nearly $200 million in sell-side volume brutalized buyers. 

    But why such aggressive selling for the native token of the private computing network?

    NIL price crashes by over 50%: what happened?

    On November 20, 2025, the Nillion team released a statement on X.

    According to the platform, the sharp drop that saw NIL suffer a bloodbath happened as a market maker sold huge chunks of the token.

    This sale was allegedly authorized. The post did not name the entity in question.

    However, it alleged the partner switched off communication both as they sold and after the price-impacting event. 

    “If you were surprised by yesterday’s price action, you’re not alone,” the team noted. “Our entire team was confused until we realized what happened: a market maker sold NIL tokens without legal authorization from the Nillion Association. Then, refusing to respond to any team communications during the flash sale and hours following.”

    To help mitigate the impact, Nillion said it has deployed treasury funds to buy back tokens.

    Meanwhile, collaboration with exchanges has helped freeze accounts and wallets tied to the dumping. The project is also taking legal action.

    Nillion price outlook

    NIL ranks as one of the biggest losers across the crypto market in the past 24 hours, with current declines over the period at 36% at the time of writing.

    After the initial price dump to lows of $0.086, NIL bulls attempted a swift bounce.

    However, the brief gains faded at $0.14. Price is up 37% from that intraday low, but the recovery has stalled, and NIL hovers just above $0.118.

    Nillion Price Chart
    NIL price chart by CoinMarketCap

    Price has traded above this mark for much of the day, and technically, it appears buyers are exhausted.

    Sentiment is down, and the path of least resistance could be lower. Overall, downbeat sentiment for most altcoins suggests NIL may break below $0.10 again.

    Nillion price reached an all-time high of $0.95 in March 2025, which means current price levels are more than 87% off that peak. The token traded above $0.24 earlier in the week and above $0.33 in October.

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  • Plume network crashes to new all-time low as crypto sell-off deepens

    Plume network crashes to new all-time low as crypto sell-off deepens

    Plume Price Flames

    • PLUME hit an all-time low of $0.035, which had the token down 85% from its March peak of $0.247.
    • Losses came amid sustained bearish pressure, with a 26% single-day crash erasing millions off its market cap.
    • Plume Network saw a total of over $440,000 in futures liquidations, most of it longs.

    As markets bled, Plume Network’s price dropped sharply to hit an all-time low of $0.035 and rank among the top losers in the past 24 hours across crypto.

    PLUME, the native token of the blockchain platform dedicated to bridging traditional finance with decentralized ecosystems, plummeted as Bitcoin flipped red.

    BTC fell to a new multi-month low, erasing significant gains as bulls failed to defend levels all the way to $95,800.

    Plume price drops to a new all-time low

    The PLUME token traded at $0.0349 at the time of writing, having reached unprecedented new all-time lows amid a fresh crypto crash.

    Initially, the altcoin surged on hype surrounding Plume’s full-stack RWA chain to hit $0.247 in March. But its price has declined steadily since, and accelerated to the latest low amid heightened selling pressure.

    Plume Price
    Plume Network chart by CoinGecko

    In the past few months, whale addresses have sporadically dominated accumulation rounds.

    However, retail panic has taken on the upper hand. Market data shows over $440,000 in 24-hour liquidations, seeing long positions dominating at over $392,000.

    Per CoinGecko, Plume has recorded over $60 million in daily trading volume. That’s an 83% spike in the past 24 hours, which highlights the corresponding selling.

    What’s next for PLUME price?

    For Plume, a sustained break below $0.035 could invite further capitulation. Potentially, bears might fancy $0.03.

    Notably, this dump arrives despite robust fundamentals. Plume’s SEC registration as a transfer agent in Q3 2025 has unlocked pathways for regulated tokenized securities and on-chain IPOs.

    Furthermore, recent integrations, such as the acquisition of liquid staking protocol Dinero, bolster institutional appeal.

    However, social sentiment has soured amid macroeconomic strains, including jitters around the Federal Reserve’s interest path.

    Analysts say the odds of a rate cut in December have fallen, and reaction has largely been negative.

    Despite the carnage, Plume’s long term outlook could mirror expected rebounds for the crypto sector. Nest Protocol’s recent relaunch, with 100 million PLUME allocation to stakers, has drawn significant interest.

    This means recovery could hinge on bulls reclaiming $0.05 support.

    A broader uptick in RWA adoption and overall bullish strength could allow for a potential rebound to $0.075 and likely $1.

    Nonetheless,  the 26% dump could accelerate downside action if uncertainty further grips the market. That $0.03 mark is critical for bulls over the coming weeks.

    Over the past week, the Plume price has plunged by nearly 30%. It’s down 64% in the past three months.

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  • Chainlink crashes below $14 as Bitcoin slumps to $95K, altcoin market bleeds heavily

    Chainlink crashes below $14 as Bitcoin slumps to $95K, altcoin market bleeds heavily

    ethere Price Bearish

    • Chainlink price fell by double digits to below $14 on Friday, losses that came amid broader market turmoil.
    • LINK’s dump aligned with the sharp dip for Bitcoin to under $96,000.
    • Further losses could see Chainlink price plunge towards $10.

    The cryptocurrency market is reeling under intense bearish pressure, with Chainlink (LINK) price plummeting below the $14 mark alongside huge dips for Bitcoin, Ethereum, and Solana.

    Bitcoin’s drop below $96,000, with bears touching $95,860, fueled losses for ETH and SOL, which fell 10% each to new multi-month lows.

    The selling pressure triggered a cascade effect, dragging other altcoins like Cardano and Chainlink into the red.

    LINK is at risk of registering a deeper rout.

    Chainlink dips below $15

    Chainlink (LINK) price is among the top coins to suffer a dramatic fall as Bitcoin’s crash to a six-month low below $96,000 slammed sentiment hard.

    LINK traded at $14.08 as of the early US market session on Friday, down 11% in the last 24 hours. According to CoinMarketCap data, the double-digit loss extends the altcoin’s plunge in recent days to 25% in the past month.

    When considering the week’s cumulative decline, bulls are sharply down since hitting a recent high of $19.12.

    The altcoin’s market cap now stands at $9.76 billion, while daily volume has spiked 43% to nearly $1.2 billion to highlight the intensified market activity.

    Bitcoin plummets as bears crash bulls

    As highlighted, Chainlink price fell sharply amid a bearish onslaught that intensified with BTC’s sudden dip.

    While cryptocurrencies had dumped on Wednesday as investor concern around macroeconomic and geopolitical turbulence mounted, alts’ decline accelerated as fake news about Strategy selling BTC surfaced.

    Posts that Michael Saylor was selling bitcoin appeared to relate to redistribution in wallets and not selling.

    Analysts like Miles Deutscher were quick to point out the fake news, and onchain data analytics platform Lookonchain shared the details below.

    However, as Bitcoin dumped amid the initial selling, Chainlink followed suit. 

    The token’s price action mirrored the market’s fear sentiment, hitting lows last seen in April. Indeed, Chainlink’s plunge below $14 allowed bears to revisit lows of $13.90.

    The alt may be hovering around the $14 mark as bulls eye a rebound, but losses threaten increased bleeding towards the all-important $10 mark.

    Despite the dip, Chainlink price remains bullish long term, with factors such as macroeconomic tailwinds, regulatory shifts and partnerships key catalysts.

    There is also the buzz around spot exchange-traded funds, which are gathering release pace with a spot XRP ETF launching in the US this week.

    LINK could also benefit from the Chainlink Reserve initiative, which added over 74,049 LINK tokens this week to bring the total haul to over 803,387 LINK.



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  • Dogecoin price crashes 11% as bears wipe $1.6B off the crypto market

    Dogecoin price crashes 11% as bears wipe $1.6B off the crypto market

    Dogecoin DOGE Symbol

    • Dogecoin’s price fell 11% to $0.23, with a trading range of $0.23–$0.26.
    • Despite an earlier accumulation of 4.9 billion DOGE by large holders in August, recent data shows a 6% reduction in holdings by wallets with 10 million to 100 million DOGE.
    • The launch of the first US Dogecoin ETF on September 12, 2025, failed to sustain bullish momentum.

    As the cryptocurrency market faced turbulence on Monday, Dogecoin (DOGE) experienced a sharp decline of over 11% in its price.

    This came as bearish sentiment drove a substantial sell-off, erasing over $1.7 billion in positions from the broader crypto market. Tokens such as Pi Network fell more than 20% in the past 24 hours.

    Dogecoin price crashes

    Dogecoin’s value dropped by 10%, dropping to $0.23. This decline followed a period of consolidation, with DOGE trading between $0.23 and $0.26.

    DOGE’s price drop aligns with broader market weakness and analyst caution.

    Despite holding around $0.23, the technical picture suggests bulls might have to defend levels below $0.20. Indeed, the $0.13 area and a potential 40% drop from current levels might be one to highlight.

    DOGE price chart by CoinMarketCap

     

    This bearish outlook is down to declining retail momentum.

    Despite earlier optimism surrounding the launch of the first US Dogecoin ETF and significant whale accumulation of 4.9 billion DOGE in August, the current sell-off has overshadowed these bullish catalysts.

    The Coin Days Destroyed indicator also signals potential further declines, as long-term holders have begun moving assets, a historically bearish sign.

    DOGE price outlook as bears wipe $1.7 billion off crypto market

    Bitcoin dropped to around $112k and the broader cryptocurrency market has not been spared.

    Per Coinglass data, bears wiped out $1.7 billion in value as major cryptocurrencies like Ethereum and XRP struggle to maintain key psychological levels.

    Dogecoin’s 11% drop within 24 hours to $0.23 contributed to the overall market downturn.

    The sell-off has been made worse by weakening sentiment. Dogecoin’s futures open interest has dropped significantly as holders reduce their positions.

    Data shows wallets holding 10 million to 100 million DOGE decreased their holdings by 6% in the past two months.

    Despite some analysts viewing the current dip as a buying opportunity, the prevailing bearish trend suggests further volatility.

    If bulls fail to bounce, Dogecoin will potentially revisit support levels at $0.22 and $0.20.

    Investors might want to not only monitor technical indicators and market developments, but overall risk asset market outlook.

    This means a look at the interplay of whale activity, macroeconomic factors, and ETF-driven optimism. The latter benefitted from the launch of the REX-Osprey DOGE ETF, with an upbeat uptake on debut.

    However, Dogecoin’s initial reaction to the first US-listed DOGE ETF has waned. All eyes are on the upcoming deadlines for the SEC to approve or reject multiple proposals.

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  • PEPE crashes as SUI pumps 40%; GFOX headed for $5M target

    PEPE crashes as SUI pumps 40%; GFOX headed for $5M target

    2024 began with many speculations about general market performance. While the global crypto market awaited the approval of the SEC on Bitcoin ETF, another central talking point in crypto circles was the rise and fall of memecoins. 

    Top on the list of memecoins that made a wave in 2023 was the $PEPE. However, the coin could not sustain its momentum of interest and price in the months that followed its launch. Another major controversy with the $PEPE was the PEPE coin 2.0. 

    While investors were still trying to wrap their heads around the “imposter” new coin, memecoins like $SUI and $GFOX were announced. Both coins had promising price prospects for early holders, which they have maintained into 2024.

    In this piece, we dissect the highs and lows of Pepecoin, the potentials of the new Pepe coin, and the current interest with $SUI and $GFOX. Take a look.

    Latest on PEPE

    Pepe Coin ($PEPE) is a memecoin built on the Ethereum blockchain that gained popularity after its launch in April 2023. Despite its volatile price, thousands of investors have purchased the coin across major crypto exchanges.

    In August 2023, there were general concerns that an “undefined” amount of $PEPE tokens were inexplicably transferred from the project’s wallet to centralized exchanges. This caused a drop in the coin’s price and acceptance. In September, despite reassurances by the Pepe community about the safety of the remaining tokens, the price continued to decline. In October, a new team of advisors was announced, along with the burning of some tokens, to increase the coin’s scarcity and price.

    Pepecoin appeared to be back on the right track after these major changes until the arrival of Pepe 2.0. The new Pepe coin is rumoured to have been created by blacklisted individuals from the original Pepe Coin project. Unlike the tax-free original, Pepe 2.0 imposes a 1% transaction tax for marketing, liquidity, and community development, which has naturally limited its acceptance, popularity, and price.

    The roadmap of the new Pepe Coin includes vague phases of a coin launch with no plan for community partnerships or listing on Tier 1 exchanges. 

    SUI’s 40% price pump

    SUI token, backed by Mysten Labs, has made remarkable price progress. $SUI now ranks number 13 among all L-1 blockchains in terms of Total Value Locked (TVL), thus generating a lot of hype for its native token, resulting in its recent price surge.

    This isn’t the first time $SUI has made a positive impression in the market. SUI reached its all-time high price on the 2nd of May, 2023, with a 228% increase despite the fluctuations in the macro crypto market.

    As of the time of writing this report, $SUI’s price has dropped slightly in the past 24 hours to the $1.30 level, though it’s still clocked an impressive 55% increase over the past week.

    While these statistics suggest that $SUI is a good investment, it’s important to know that the token has a relatively low market cap, making it highly volatile,  and notoriously poor tokenomics that caused it to crash by 70% upon its retail exchange launch. After this recent recovery, $SUI may be unable to sustain a further price rally due to large stakeholder sell pressure. Hence, investors have been rotating their profits out of $SUI to alternatives like $GFOX that have bigger upside potential and better tokenomics.

    Galaxy Fox (GFOX) presale set to hit $5M

    GFOX is one memecoin to watch out for in 2024. The coin has surpassed investors’ expectations in its presale, with over 95% of the stage 6 supply already sold. The project is on track to exceed $5 million in presale records by the end of January 2024, having already raised close to 50% of its target. With its growing price and low risks, analysts have speculated that $GFOX is the next big coin.

    At the heart of the Galaxy Fox ecosystem lies an engaging play-to-earn game. This enchanting game is designed to entertain and reward players simultaneously, hence its global popularity. Upon its exchange platform listing, the coin is expected to be among the top 3 memescoins. This is also expected to increase $GFOX’s price by 50x its current presale price.

    Final thoughts

    2024 has begun on a good note for crypto investors, with the SEC ruling for the official sale and purchase of Bitcoin ETFs. Now, Investors are more optimistic about market trends and prices.

    While memecoins like PEPE Coin 2.0 may cast a shadow of doubt on the performance of memecoins in 2024; coins like $SUI and $GFOX are proof that good things await early investors. $SUI has seen over a 40% price pump within the last month, and $GFOX is poised to make 50x its current presale price. With $GFOX’s community and current market cap, this is one coin every investor should consider.

    To learn more about $GFOX, you can visit the Galaxy Fox Presale Website or join the Community.

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