The crypto market has entered a turbulent phase, and a number of altcoins are bearing the brunt.
Over the past seven days, several well-known tokens have posted steep declines, with meme coins and low-cap projects taking the biggest hits. As investors reassess risk and rotate capital, these five altcoins stand out as the week’s biggest underperformers.
Let’s take a closer look at the top five coins hit hardest by the recent correction.
1. Fartcoin (FARTCOIN) — Down 31.19%
Fartcoin leads this week’s losers with a dramatic 31.19% drop in value over the past seven days. Despite once riding high on meme-fueled momentum, the token has tumbled to $0.9300. With a market cap of $930 million and 24-hour trading volume of $147.6 million, investor enthusiasm seems to be cooling quickly. Fartcoin’s fall highlights the volatile nature of speculative meme assets, which often swing dramatically with market sentiment.
2. Bonk (BONK) — Down 25.62%
Solana-based meme token BONK has also taken a major hit, shedding 25.62% in just one week. Its current price sits at $0.00002552, showing how much value it’s lost despite heavy trading interest—evident in its $364.8 million daily volume. While BONK retains a sizable $2 billion market cap, the steep losses raise concerns about its ability to maintain hype in a risk-off market.
3. Virtuals Protocol (VIRTUAL) — Down 23.56%
Virtuals Protocol, trading at $1.21, posted a 23.56% decline this week. While the project experienced a brief price boost over the last 24 hours (+1.70%), this was not enough to reverse its broader downtrend. With a market cap of $794 million and $164 million in daily volume, the project is still commanding decent liquidity—but faces questions about sustaining growth amid broader altcoin weakness.
4. Jupiter (JUP) — Down 21.01%
Jupiter, a well-known Solana ecosystem token, slid 21.01% over the week, falling to $0.4533. This drop is significant considering its $1.38 billion market cap and active trading scene. Although short-term holders may be shaken, the dip could attract opportunistic buyers eyeing a potential rebound in decentralized exchange infrastructure tokens.
5. Pudgy Penguins (PENGU) — Down 20.92%
Despite maintaining buzz in the NFT world, Pudgy Penguins’ token PENGU has fallen 20.92% this week. It’s currently priced at $0.03448 with a hefty $2.16 billion market cap and an impressive $596 million in 24-hour trading volume. The dip may signal short-term exhaustion after prior rallies, though its strong brand positioning could offer resilience if NFT demand returns.
Final Thoughts
This week’s losses underscore how quickly sentiment can shift in the altcoin space. Meme coins and ecosystem tokens remain especially vulnerable during risk-off periods. While some see this as a red flag, others view the drawdowns as potential entry points for longer-term plays. Investors are urged to tread cautiously, monitor market signals, and avoid chasing rebounds without conviction.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/top-5-altcoins-with-the-biggest-losses-this-week/