Gstock slid 32% in 24 hours to become the day’s biggest loser, while Mina Protocol and Gitcoin each shed more than a fifth of their value. After several days of gains and speculative fever, the market decided to collect the bill — and the tab went to precisely those tokens that had flown highest on the wings of hype.
Gstock – 32% and the fall from a recent peak
What is Gstock?
Gstock is a token positioning itself as a “stock-like” derivative in the crypto market — a kind of joke aimed at traditional equities, but wrapped in a fully decentralized and thoroughly unserious package. It launched only in late September 2026 and has lived on speculation ever since: no long history, no deep liquidity, and a price that hangs on a handful of larger players. In such conditions even the smallest wave of selling turns into a full-blown blizzard.
Why is it falling?
The 32% drop is almost entirely the bursting of a bubble that had been inflating for days. After hitting an all-time high of $0.0347 in September, the token lost the interest of speculative crowds and entered a sliding descent. It now sits at $0.0082, barely above its all-time low — which means even those who bought at launch are near zero. With no catalyst for a reversal in sight, Gstock is a textbook case of what happens when a hipster loses the audience.
Financial data: Price: $0.008212 · 24h: −32.05% · Market cap: $8.11M · 24h volume: $4.36M · Circulating supply: 988.13M GSTOCK · Total supply: 987.44M GSTOCK · Max supply: 1B GSTOCK · ATH: $0.03466 (Sep 21, 2026) · ATL: $0.007828 · Rank: #1414
Mina Protocol – 23.8% for a project with a big promise
What is Mina Protocol?
Mina is one of the most intriguing concepts in blockchain — “the world’s lightest blockchain,” whose entire history fits into a few kilobytes thanks to advanced cryptography (zk-SNARKs). The idea was that anyone could run a node and verify the chain on an ordinary phone, which long made Mina a favorite among decentralization advocates. But like many ambitious projects, Mina has waited a long time for its technology to translate into market value.
Why is it falling?
Mina lost nearly a quarter of its value today, and $56 million in turnover shows the selling was serious rather than a panicked blip. The price slid to $0.114 — almost 99% below the 2021 all-time high of $9.09. The drop coincided with a general cooling of interest in “old” layer-1 projects as the market’s attention shifts to newer narratives. For Mina, as for any project that over-promised for too long, pressure also comes from disgruntled holders.
Financial data: Price: $0.1137 · 24h: −23.84% · Market cap: $147.13M · 24h volume: $56.26M · Circulating/total supply: 1.29B MINA · Max supply: unlimited · ATH: $9.09 (May 31, 2021) · ATL: $0.03667 · Rank: #233
Gitcoin (GTC) – 20.9% charged to the “good guys”
What is Gitcoin?
Gitcoin is a project that has funded open-source development across the crypto ecosystem for years — from small tools to infrastructure that the whole Ethereum world depends on. Its GTC token powers governance and community incentives, and Gitcoin itself is almost synonymous with “public goods” in the industry. The irony is that a project whose mission is to help others is now logging one of its worst days on the market.
Why is it falling?
GTC dropped 20.9% on nearly $31 million in turnover — substantially more than its market cap, pointing to aggressive position closing. The token fell to $0.148, more than 99% below the $22.37 peak set back in 2021. The decline tracks the community’s disappointment over changes in the project’s direction and weaker interest in the “public goods” narrative at a time when meme coins rule the market. For the good guys, this was a bad day.
Financial data: Price: $0.1484 · 24h: −20.88% · Market cap: $12.98M · 24h volume: $30.72M · Circulating supply: 87.49M GTC · Total/max supply: 100.00M GTC · ATH: $22.37 (Nov 26, 2021) · ATL: $0.06433 · Rank: #1112
The day showed how selective the market has become: while fresh meme coins wrote records, projects with years of work and real technology lost their footing. The only question is whether this is a healthy rotation or yet another cycle in which experience ultimately does not help.
Disclaimer: This article is for informational purposes only and in no way constitutes investment advice. Cryptocurrencies are highly volatile assets and investing in them carries a high risk of loss. Data is sourced from CoinGecko and reflects the state at the time of publication.
📈 How did the rest of the market fare? See the Daily Report.