- Mid-cap altcoins like TRUMP and WAL dip as investors lock in short-term profits
- Small-cap tokens surge, with ALPACA and PASTERNAK posting massive weekly returns
- Institutional interest grows as BlackRock files to tokenize $150B fund amid ETF delays
The cryptocurrency market is sending mixed signals as major coins remain relatively stable while a wide range of altcoins face a steep decline. Despite the overall market capitalization holding at $3.10 trillion, several notable altcoins have reversed their recent gains.
Coins such as Official Trump (TRUMP), Walrus (WAL), Kaspa (KAS), and Virtuals Protocol (VIRTUAL) have all shed over 6% in value over the last 24 hours. This downturn comes even as the Fear & Greed Index shows a score of 56, suggesting ongoing investor confidence and moderate greed.
📉Market Overview
— CryptoRank.io (@CryptoRank_io) April 30, 2025
The main coins are holding steady, but most altcoins have taken a hit.$TRUMP, $WAL, $KAS, and #VIRTUAL are down over 8%, giving back the gains from the past few days.
Market Cap: $3.10T
24h Liquidation: $194.9M
Fear & Greed Index: 56 (Greed)
👉 Latest News… pic.twitter.com/DpBLlNhobL
Mid-Cap Altcoins See Profit-Taking
The downturn in mid-cap altcoins appears to be a result of short-term profit-taking. TRUMP, priced at $13.10, saw a 6.55% decline in the last day, even after gaining nearly 39% over the past week. It holds a $2.62 billion market cap with $1.19 billion in 24-hour trading volume.
Meanwhile, WAL dropped 7.44% to $0.5705, giving back much of its recent 12.88% weekly gain. Its circulating supply of 1.3 billion brings its market cap to $712.84 million.
Kaspa and Virtuals Dip but Retain Strong Metrics
Kaspa (KAS) faced a steeper setback. The token is now trading at $0.08984, reflecting a 6.93% daily drop and a 7.29% loss on the week. Kaspa, with 26 billion tokens in circulation, holds a market value of $2.34 billion.
Similarly, VIRTUAL slipped 7.73% in 24 hours to $1.35. Yet, it still maintains a strong 72.35% increase over the past 7 days. With a $879 million valuation, its weekly momentum may help cushion the latest dip.
Small-Cap Tokens Lead Market Gains
Despite broader altcoin weakness, small-cap assets are showing explosive movement. Ben Pasternak (PASTERNAK) surged by 109.49% in 24 hours to $0.01315, bringing its 7-day rise to an eye-popping 1,611.63%. Its market cap now stands at $12.73 million.
Alpaca Finance (ALPACA) saw the biggest daily gain, soaring 269% to $0.8581, with a 1,900.72% weekly jump.
Other Gainers Include LOOKS, HOUSE, and MODE
Additionally, LooksRare (LOOKS) climbed 46.61% to $0.02036, while Housecoin (HOUSE) gained 65.40% to trade at $0.09616.
Both have shown triple-digit growth over the past week. Mode (MODE), priced at $0.00553, increased 29.15% in the last 24 hours and nearly 80% on the week.
Institutional Moves Add to Market Buzz
Meanwhile, institutional developments add to market anticipation. Trump Media is exploring a utility token for the Truth Social platform.
BlackRock has filed to tokenize its $150 billion money market fund. In contrast, the SEC continues to delay decisions on proposed ETFs for XRP and DOGE, creating uncertainty for retail and institutional investors alike.
