- JTO fell by 5.35% despite a 20% volume rise, underperforming TRUMP, which rebounded to a mild 2% loss after early decline.
- LDO gained by 5.40% in 24 hours, outperforming NEAR and TON, which continued steep downtrends with over 39% drops.
- TIA dropped by 7% as liquidity reduced, while IMX showed strong recovery, closing flat and indicating short term strength.
Several tokens plunged below 25% from their recent highs, as the crypto market endures widespread losses. According to data from CoinMarketCap, the global crypto market cap dropped 1.96% to $2.46 trillion, while 24-hour trading volume declined 15.22% to $130.18 billion.
Bitcoin’s dominance slightly increased by 62.59%. The sell off extended across top performing assets such as JTO, TRUMP, LDO, NEAR, TON, TIA, and IMX, each posting substantial drops.
However, the level of volatility and recovery varied between them. Some tokens managed a rebound, while others continued bleeding through the day. Stablecoins accounted for 94.62% of daily volume, indicating the defensive stance of traders during the slump.
JTO Drops Sharply as TRUMP Shows Mild Rebound
JTO opened near flat but surged briefly before falling steeply, reaching nearly negative 11% at 5:00 AM UTC. The price later recovered partially to around negative 6% by 1:00 PM.
TRUMP followed a similar early move but rebounded stronger after dipping to by 6% at the same 5:00 AM mark. It ended the day with only a 2% loss.
JTO closed at $1.59, a 5.35% drop. The token’s market cap fell by 5.24% to $503.09 million. Meanwhile, trading volume increased by 20.05% to $54.42 million, suggesting active repositioning.
Its Volume/Market Cap ratio is at 10.8%, indicating notable market activity. Despite that, selling pressure dominated. JTO underperformed TRUMP, showing weaker sentiment throughout the session.
LDO Outperforms NEAR and TON in Extended Downtrend
LDO recorded a steep overall decline of 38.91% but still was better than both NEAR and TON. On April 9, LDO opened at $0.630 and closed at $0.664, gaining 5.40% in the past 24 hours.
This positive daily candle came after a prolonged downtrend and increased trading volume of 10.02 million. NEAR, however, posted the sharpest cumulative loss among the three, down by 55.73% overall.
TON followed with a 39.01% drop. Both remained in a broader downward trend, continuing to form lower highs and lower lows. LDO’s brief recovery stood out but faced overhead resistance from March’s prior support levels.
TIA Underperforms as IMX Recovers Ground
Celestia (TIA) closed at $2.30 after dropping by 7% over 24 hours. Its market cap declined by 6.75% to $1.36 billion. Trading activity also decreased notably, with 24-hour volume falling by 19.07% to $92.91 million.
TIA’s Volume/Market Cap ratio is at 6.79%, suggesting moderate liquidity. The asset trended lower through the session, briefly recovering around 9:00 AM before closing near 6.5%. In contrast, IMX resembled TIA’s early decline but rebounded after 5:00 AM UTC.
It eventually finished slightly above break even, showing a stronger buying response. This price action showed differing short term market confidence between both tokens. IMX’s resilience against broader losses positioned it more favorably through the session.
