Sharp Sell-Off Concentrates in Mid- and Low-Cap Tokens as Risk Appetite Fades

The losses are not evenly distributed across the market. Instead, they are clustered in mid- and low-capitalization tokens, many of which are seeing steep declines despite relatively high trading volumes.

Losses Are Deep, Not Gradual

The standout move comes from SIREN, which is down 68.1% over 24 hours while posting more than $257 million in trading volume. This combination of a sharp percentage drop and elevated volume suggests aggressive distribution rather than illiquid price slippage.

Other notable declines include:

• BUTTCOIN: down 28.0% on ~$18.6 million in volume
• MemeCore: down 24.3% on ~$12.8 million
• TRIA: down 13.1% with over $328 million traded
• Lagrange (LA): down 11.6% on ~$52.9 million

These moves point to active selling, not thin order books. Capital is exiting riskier positions decisively.

Volume Confirms Forced De-Risking

Several tokens on the list show high volume relative to their market size, a typical feature of de-risking phases. When traders reduce exposure quickly, liquidity concentrates on the way down, amplifying percentage losses.

Importantly, this behavior differs from quiet downtrends. Here, losses are accompanied by heavy turnover, indicating urgency rather than patience.

Where the Pressure Is Strongest

The losers list is dominated by:

• speculative tokens,
• newer projects,
• lower-ranked assets (many outside the top 300).

There is little representation from large-cap assets, reinforcing the idea that risk is being removed from the outer edges of the market first, rather than from core holdings.

What the Data Suggests About Market Structure

This snapshot reflects a market environment where:

• capital is becoming more selective,
• downside volatility is highest where liquidity is thinner,
• speculative exposure is being reduced faster than core exposure.

Rather than broad capitulation, the data points to targeted unwinding, with traders trimming higher-risk positions as uncertainty persists.

Bottom Line

The CoinGecko Top Losers table shows where stress is currently expressed most clearly: in mid- and low-cap tokens experiencing sharp, high-volume drawdowns. The selling is active, concentrated, and selective, a sign of tightening risk conditions rather than indiscriminate panic.

The post Sharp Sell-Off Concentrates in Mid- and Low-Cap Tokens as Risk Appetite Fades appeared first on ETHNews.