Arbitrum went from hero of the evening to the usual suspect in 24 hours – a day after rocketing 46%, the token slid 14.7% lower and proved once again that in crypto, celebrations should never be planned in advance. Total market capitalization, meanwhile, barely flinched, because money did not leave the field – it simply changed jerseys.
Big players quiet, but the market is anything but boring
Bitcoin stood at $79,397 at midday UTC on Monday, down 0.66% in 24 hours. The leading cryptocurrency’s market cap sat at $1.59 trillion, with 24-hour volume of $22.7 billion, while circulating supply reached 20.08 million BTC out of a 21 million maximum. Bitcoin remains 37% below its all-time high of $126,080.
Ether followed the beat: $2,489, down 0.51%, with a $303.7 billion market cap and $11.2 billion in volume. Solana slipped 1.52% to $104.85, BNB fell 1.81% to $744, and XRP dropped 1.61% to $1.40. DOGE held up with a mere 0.46% decline to $0.0897 – dogs, it seems, are used to cold showers.
Arbitrum: what happens in Vegas…
Yesterday’s 46% surge was so spectacular it overshadowed even the biggest names. Today brought the classic hangover. Arbitrum fell 14.69% to $0.1651, with a market cap of $1.1 billion and volume of $475 million – proof that the exit was anything but quiet. What stays in Vegas should have stayed in the smart contracts: the token now sits 93% below its record of $2.39, and yesterday’s euphoria looks like a polaroid taken at 3 a.m. – a little blurry, but certainly educational.
Kaspa knocks on the billion-dollar door
While memecoins were intoxicating themselves with their own hype, Kaspa quietly executed the biggest move of the day among more serious projects. KAS rose 15.66% to $0.0351, and its $973 million market cap puts the project one step from the psychological $1 billion barrier. Volume of $30 million is hardly spectacular – but Kaspa is not a sprinter; it is a marathon runner proving proof-of-work still has an audience. A circulating supply of 27.7 billion KAS against a 28.7 billion maximum leaves little room for inflation surprises, and the road from its record $0.207 – where the token still trades 83% below – is a story of patience that sometimes pays off.
The AI section wakes up: LINK, TAO and Injective in form
Chainlink delivered a performance its faithful fans remember from better days: LINK rose 7.3% to $13.17, with a $9.85 billion market cap and serious volume of $876 million. The oracle king is 75% below its record of $52.70, but today’s moves suggest institutions still need reliable messengers between two worlds.
Bittensor added 9.23% to $264 (market cap $2.54 billion, volume $476 million), Injective climbed 10% to $5.65, and Internet Computer gained 8.59% to $2.91. Worldcoin (6.58%) and Celestia (6.14%) completed the picture: decentralized AI and modular infrastructure are back in favor, like an old guard returning to the stage with hits everyone knows by heart.
When cats land on all four paws – or don’t
The memecoin front keeps bleeding. Cash Cat lost 8.49%, Fartcoin 6.5%, and Bonk 5.01%. Even Official Trump fell 4.33% to $2.26 – politics, it turns out, guarantees nothing in the tokenized world either. Jupiter gave up 6.54% and Sky 4.35%. When memecoins run out of breath while infrastructure breathes at full capacity, the market sends a clear signal about risk appetite: speculators stepped out for coffee, and the diligent ones stayed on the job.
MarsCoin continues its mission – downward
The biggest loser among larger capitalizations is, once again, MarsCoin, down 16.35% to $0.167 (market cap $167 million). After yesterday’s slide, the space mission now looks scrubbed before liftoff. Pons fell 14.41%, edgeX 14.60%, and Provenance Blockchain 11.26%. Unlike Arbitrum, which at least had its five minutes of fame, these tokens fall without much attention – which is sometimes worse, because nobody writes headlines about quiet suffering.
Zcash and privacy hold the line
Zcash continued its remarkable ascent on Monday: ZEC is steady at $1,191, up 0.64%, with a $20.2 billion market cap and $1.57 billion in volume. After a decade spent in the shadows, the privacy coin has entered the top ten most valuable projects and shows no signs of stopping – 63% below its record of $3,192, yet with momentum reminiscent of the early days. Monero followed at $534, down 0.78%.
Mood: red light at the traffic signal, but not on the road
The combined market cap of the top 500 cryptocurrencies stands at $2.79 trillion, with 24-hour volume of $121.5 billion. Bitcoin dominance climbs to 57.2%, while Ethereum’s sits at 10.9%. The pullback in large caps looks like a correction after a week of acceleration rather than a capital flight. Today’s heroes are the ones who worked while others celebrated: Kaspa, Chainlink and AI infrastructure. The crypto market is, as always, a movie where everyone stars in their own genre – today it was a hangover thriller with a happy ending for those who stayed sober yesterday.
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