Token Performance in This Round of Sharp Decline: Nearly 60% of Tokens Cut in Half, Older Public Chains Most Resilient, GameFi Performs Poorly
TechFlow Selected TechFlow Selected
Token Performance in This Round of Sharp Decline: Nearly 60% of Tokens Cut in Half, Older Public Chains Most Resilient, GameFi Performs Poorly
Among the 195 tokens analyzed, more than half have fallen over 50%, and excluding the stablecoin USDC, only three tokens have declined less than 20%.
Navigating Web3 tides with focused insightsAuthor: Frank, PANews
Recently, the crypto market has experienced a strong correction. A gloomy sentiment fueled by falling prices has swept across the entire market. However, price fluctuations are normal in market development, and during downturns, such periods serve as a true test for many projects. Amid this process, which tokens have maintained their value, and which collapsed at the first sign of pressure? PANews has conducted an analysis of recent token market performance to uncover shifts in the market landscape.
Nearly 60% of Tokens Halved, Gaming Projects Hit Hardest
Based on perpetual trading pair data from OKX, PANews identified the highest and lowest prices over the past 30 days, calculating the tokens with the largest declines. Additionally, the rebound range from each low point to July 8 was analyzed to assess recovery strength.
Among the 20 tokens with the steepest declines, GPT saw the largest drop, falling over 80% within 30 days. Notably, GPT is the only AI project among the top 20 biggest decliners.
Additionally, blockchain gaming emerged as the hardest-hit sector. Four gaming-related projects—BLOCK, BIGTIME, ACE, and ULTI—appeared in the top 20 most-declined list, averaging a 68.5% decline, losing nearly 70% of their value.
Surprisingly, despite their reputation for high volatility, meme coins were scarcely represented in this list. Only one meme coin, FOXY—hardly a mainstream one—made the cut.
Overall, in this downturn, the vast majority of tokens suffered heavy losses. Among the 194 tokens analyzed, 110 (nearly 60%) declined more than 50% over the past 30 days.
Layer1 More Resilient, Older Tokens More Stable?
In the ranking of the 20 least-declined tokens, governance tokens of various Layer1 blockchains demonstrated relatively stronger stability. TRX, TON, BTC, ETH, SOL, XRP, and DOT showed comparatively smaller drawdowns. These tokens have been around longer and have larger market caps, which may explain their enhanced resilience.
Meanwhile, NFT and JST, which also appear near the top of the list, did not hold up well due to price strength but because they had already dropped significantly earlier and recently entered a relatively stable price range. In terms of rebounds, both tokens have shown relatively weak recovery.
Across the overall dataset, only 27 out of 194 tokens declined less than 40%. Nearly all these better-performing tokens have been in circulation for over three years.
NOT Leads Rebound, Could Rune Sector Gain Momentum Again?
If declines are inevitable, post-downturn rebounds better reflect market confidence and expectations for a token. From this perspective, NOT stands out as the top performer. Over the past 30 days, NOT fell as much as 59% from its peak, but has since rebounded 63.6% from its low. NOT’s strong recovery has drawn renewed attention to TON's potential, and mini-games within the TON ecosystem have recently seen rapid growth once again.
Additionally, LayerZero’s newly launched token ZRO, although caught in this broad market correction, has shown a relatively strong rebound, rising 55% from its low.
Moreover, Bitcoin ecosystem tokens have also posted notable rebounds in recent days. SATS rebounded 46.6%, raising questions about whether the Rune sector can sustain this momentum.
Overall, among the 195 tokens analyzed by PANews, over half declined more than 50%. Excluding the stablecoin USDC, only three tokens fell less than 20%. The largest drops for the top two assets, BTC and ETH, were 26% and 27% respectively—relatively modest in comparison.
Furthermore, according to CoinGecko data, the worst-performing sectors over the past seven days were restaking governance tokens, cat-themed memes, and cross-chain communication protocols.
Since this analysis is limited to tokens listed on major exchanges, it does not cover some tokens traded solely on-chain. PANews will continue monitoring market trends and provide more comprehensive analysis. This article is for informational purposes only and should not be considered investment advice.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
PANews
