Janction lost 51.28% of its value in 24 hours and Zcash fell 10.12%, briefly slipping below $1,000, while Bitcoin shed 2%.
November 11, 2026 was not a catastrophe — it was a cold shower. Bitcoin lost 2.03% to $73,709, Ethereum 3.87% to $2,049, Solana 3.83% to $83.24 and XRP 3.72% to $1.056. When the large names drop two to four percent, the small ones usually drop twice as much. This time the gap was brutal: one token lost half of its value and about a dozen finished with double-digit losses.
Janction (JCT): a drop from the summit without a parachute
Janction fell 51.28% to $0.005194 and halved its market cap to $59.70 million. The key detail is in the calendar: the all-time high of $0.01853 was set on November 8, 2026, three days before this collapse. In other words, the token went vertical first and then gave back 72% of that peak inside 24 hours. That is not a correction, it is the cord snapping on a bungee jump — except a jump at least ends with the cord pulling back.
Volume of $89.31 million is almost 1.5 times the market cap, the clearest evidence that positions were running for the exit rather than being sold quietly. The intraday range ran from $0.0108 to $0.0050 — half the value evaporated between two opens. Circulating supply is 11.49 billion out of 50 billion, or 23%; the rest is waiting its turn. For a token that was at its peak three days ago and sits at half of it today, the question is not where the bottom is but how many hands are still inside.
Rain (RAIN): a large market cap on a thin book
Rain lost 13.90% to $0.003913 with a market cap of $2.80 billion and 33rd place on the leaderboard. It sounds like a major project, but volume of $12.61 million is only 0.45% of market value. That is the difference between a shop window and a shop: the valuation is on display, but almost nobody is buying inside. In that structure every sell order moves the price further than it should.
The all-time high of $0.019464 from August 2026 is now 79.9% above, while the low of $0.0022213 from September 2025 is still 76.2% below the current price. Total supply of 1.14 trillion tokens, of which 714.41 billion circulate, says this is a project built on quantity rather than scarcity. In that arithmetic a 14% daily drop is not drama — it is normal breathing.
Zcash (ZEC): a top-ten name that slipped below a thousand
Zcash fell 10.12% to $1,044.02 and kept a high tenth place with a market cap of $17.77 billion. During the session the price touched $999.57, below the psychological thousand mark, while the high was $1,196.04. A range of nearly 20% inside one day for a top-ten asset shows how much leverage had built up in the preceding rally and how expensive every exit becomes.
Volume of $1.22 billion is serious and shows this is a liquid market, not a thin board. The all-time high of $3,191.93 from October 2016 remains 67.3% above, while the low of $16.08 from July 2024 is now 6,392% below. Circulating supply is 17.03 million out of a maximum of 21 million — 81%, one of the healthiest ratios in the entire market. Zcash spent the year travelling from anonymous relic to a serious narrative, and a 10% loss inside such a cycle is a breather rather than a break.
Ritual (RITUAL) and Venice Token (VVV): two versions of the same script
Ritual lost 12.31% to $0.0393 with a market cap of $70.71 million and volume of $14.24 million, about 20% of market value. The all-time high of $0.073489 is now 46.5% above, and the low of $0.016956 is 132% below. Circulating supply is 1.80 billion out of 10 billion — 18%. When less than a fifth of the supply is trading, every new unlock lands like a weather warning.
Venice Token fell 11.19% to $19.24 with a market cap of $941.69 million and volume of $55.01 million. The all-time high of $34.53 is 44.3% away, and the low of $0.9198 is 1,992% below. With 48.93 million tokens circulating out of 81.23 million, this is a name that learned to live at a high price per token — and those prices are always first in line when liquidity retreats.
Impossible Cloud Network (ICNT), Dash and Arbitrum: the wide wave
Impossible Cloud Network Token lost 10.24% to $0.2895 with a market cap of $73.23 million and volume of $14.63 million. The all-time high of $0.5911 is 51.0% above, while the low of $0.0809 is 258% below. Circulating supply is 253.01 million out of 700 million.
Dash fell 9.12% to $42.87 with a market cap of $552.51 million and volume of $49.71 million. Its all-time high of $1,493.59 from 2017 is now 97.1% above, and the low of $0.2139 is 19,940% below. Few names on the market illustrate a decade in crypto quite so precisely.
Arbitrum lost 8.01% to $0.1606 with a market cap of $1.11 billion and volume of $182.01 million, 16% of market value — the highest activity among the losers. The all-time high of $2.39 is 93.3% above, while the low of $0.07048 is 128% below. Circulating supply is 6.89 billion out of 10 billion, or 69%.
Context: a day when red was the rule
When Bitcoin drops two percent and ten tokens from the top hundred drop eight to thirteen percent, the market is not choosing stories — it is cutting risk. What separates this session from an average pullback is that most of the losers had been rising in previous weeks: Zcash was the star of the cycle, Janction set a record three days earlier, Rain held a large market cap on thin volume. Once those positions start closing, the decline looks like a chain reaction rather than a valuation exercise.
Historically, days with such a narrow tape and such a wide spread of red often precede several weeks of consolidation. The market showed it knows how to reward a few names and how to punish everyone else without warning. Unlike the winners, which posted double-digit volume-to-market-cap ratios, the losers mostly had quiet volume and a loud price — a combination that rarely ends well.
Market data (November 11, 2026, 00:00 UTC)
- Janction (JCT) — price: $0.005194 · 24h: −51.28% · MCap: $59.70M · 24h volume: $89.31M · supply: 11.49B / 50B · ATH: $0.01853 (−72.0%) · ATL: $0.001059
- Rain (RAIN) — price: $0.003913 · 24h: −13.90% · MCap: $2.80B · 24h volume: $12.61M · supply: 714.41B / 1.14T · ATH: $0.019464 (−79.9%) · ATL: $0.002221
- Zcash (ZEC) — price: $1,044.02 · 24h: −10.12% · MCap: $17.77B · 24h volume: $1.22B · supply: 17.03M / 21.00M · ATH: $3,191.93 (−67.3%) · ATL: $16.08
- Ritual (RITUAL) — price: $0.0393 · 24h: −12.31% · MCap: $70.71M · 24h volume: $14.24M · supply: 1.80B / 10B · ATH: $0.073489 (−46.5%) · ATL: $0.016956
- Venice Token (VVV) — price: $19.24 · 24h: −11.19% · MCap: $941.69M · 24h volume: $55.01M · supply: 48.93M / 81.23M · ATH: $34.53 (−44.3%) · ATL: $0.9198
- Impossible Cloud Network (ICNT) — price: $0.2895 · 24h: −10.24% · MCap: $73.23M · 24h volume: $14.63M · supply: 253.01M / 700.00M · ATH: $0.5911 (−51.0%) · ATL: $0.0809
- Dash (DASH) — price: $42.87 · 24h: −9.12% · MCap: $552.51M · 24h volume: $49.71M · supply: 12.89M / 18.92M · ATH: $1,493.59 (−97.1%) · ATL: $0.2139
- Arbitrum (ARB) — price: $0.1606 · 24h: −8.01% · MCap: $1.11B · 24h volume: $182.01M · supply: 6.89B / 10B · ATH: $2.39 (−93.3%) · ATL: $0.07048
Disclaimer: this is not investment advice. The crypto market is highly volatile and the data above reflects the situation at the time of writing (November 11, 2026, 00:00 UTC).
📊 The wider market picture and macro context: Daily Report.