The crypto market has taken a sharp downturn, as reflected in the latest price action. Leading the losses are tokens like $SLF , $FLOKI , and $HARD , all of which have seen double-digit percentage drops in the past 24 hours. This decline appears to be driven by a combination of factors, including profit-taking after recent rallies, macroeconomic uncertainties, and a broader market sentiment shift.

SLF is down by 22.73%, FLOKI has dropped 20.22%, and HARD has lost 14.85% of its value. These significant declines signal a potential risk-off sentiment among traders, where they are moving away from riskier assets due to concerns over global economic stability and regulatory scrutiny in the cryptocurrency market.

On the other side, some tokens like $RDNT and $SUN have managed to stay in the green, with $RDNT up 11.33% and $SUN up 5.63%. These gains could be attributed to specific positive developments, such as $RDNT's recent investment from Binance Labs, which has fueled optimism about its future growth.

Traders should exercise caution in this volatile environment. For those considering new positions, it may be wise to wait for clearer signs of market stabilization before entering. Alternatively, short-term traders might find opportunities in these sharp movements, but this comes with higher risk. Keep an eye on key support levels, as a break below could signal further downside pressure across the market.