📉 Bonk, MultiversX, Terra Classic Among Major Cryptocurrency Downturns

🔻 The leader of the decline is Bonk (BONK), a meme coin that quickly gained popularity on the Solana network and has since demonstrated rapid fluctuations: 41%, with a reported 20.8% at the end of December. Despite reaching an all-time high (ATH) of $0.00003416 per token on December 15, the value of BONK has fallen by 66% since its peak. It is trading around $0.00001167, which is 18.8% lower in the last 24 hours.

🚀 BONK is often mentioned alongside Shiba and Doge as the best meme coin, but according to reports from January 3, all these coins have also fallen, although less significantly.

📉 Also on the list is MultiversX (EGLD), a token with losses of 17.8%, despite a new upgrade mechanism that will significantly enhance its feature set.

💸 EGLD is currently at $59.12, indicating a 16.6% decrease over the last seven days. This suggests that the ongoing downtrend is more than just the result of a negative Matrixport forecast regarding spot Bitcoin ETFs.

📉 Closing today's losers is Terra Classic, which reported a 17.7% decline. Again, while Matrixport's news rocked the entire market, Terra experienced a week-long slump, witnessing a 20.3% rise over the last seven days, alongside recent network overload news.