Crypto market sees steep declines in tokens like FTM, WLD, DYDX, SEI, and JASMY today.
Increased trading volumes hint at heavy selling pressure across major crypto assets.
Market sentiment and volatility drive steep drops in crypto prices despite active trading.
Several key cryptocurrencies, including Fantom (FTM), Worldcoin (WLD), dYdX (DYDX), Sei (SEI), and JasmyCoin (JASMY), have experienced sharp declines over the past 24 hours. Despite increased trading volumes, these assets continue to face downward pressure, signaling broader market instability.
Concerns about structural flaws, market volatility, and waning investor confidence have contributed to the downturn. This slump has impacted a wide array of tokens, leaving the future of the crypto space uncertain.
Fantom (FTM) has plummeted due to concerns about its ecosystem’s scalability and real-world utility. Competition from other layer-1 blockchains has also eroded confidence. FTM dropped 6.61% to $0.3913, with its market cap decreasing to $1.09 billion. Trading volume rose 29.62% to $116.5 million, suggesting significant selling pressure.
Worldcoin (WLD), which aimed to revolutionize identity veri…
The post Crypto Sell-Off: FTM, Worldcoin, dYdX, Sei, JasmyCoin Prices Plunge appeared first on Coin Edition.
