Major Losers Today: $ZEN , #BAT , $AUCTION , $LPT , #ZEC , and #ZRX ..
The crypto market is facing significant sell-offs, with ZEN leading the pack, plummeting by 23.19% to $35.18. This sharp drop highlights a loss of momentum in privacy-focused assets. BAT follows, trading at $0.2414, down 17.24%, indicating bearish sentiment around utility tokens. Similarly, AUCTION fell by 15.51% to $17.22, and LPT slid by 15.13%, settling at $17.515, signaling weakened confidence in DeFi and video streaming projects.
Further, ZEC is trading at $66.60, losing 14.25%, and ZRX rounds off the top losers at $0.4665, shedding 13.43%. The broad-based declines suggest increasing risk-off sentiment. Traders should watch for potential oversold conditions or continued declines, as these assets approach critical support levels. The market volatility presents opportunities for cautious re-entries but highlights the importance of managing risks effectively.
