Market Report: Top 5 cryptocurrencies by decline on December 28, 2025, with PIPPIN experiencing the largest drop

Gate.io News Bot Message, December 28, 2025. According to CoinMarketCap market data, the overall cryptocurrency market has experienced a correction, with the altcoin sector under significant pressure. Newly issued tokens face the risk of falling below their issuance price. The following are the top five cryptocurrencies with the largest declines in the past 24 hours:

1️⃣ PIPPIN (pippin) 📉 Current Price: $0.46 | Decline: -3.56% 📊 24H High/Low: $0.49 / $0.45 | Market Cap: $467 million ⚠️ As a newly issued altcoin, PIPPIN is affected by the collective price decline trend of altcoins in 2025. On-chain data shows only 93 wallets control 80% of the token supply, indicating high concentration risk. Meanwhile, the project lacks substantial updates, with weak fundamental support, making the price susceptible to fluctuations caused by a small amount of capital.

2️⃣ MYX (MYX Finance) 📉 Current Price: $3.40 | Decline: -2.08% 📊 24H High/Low: $3.49 / $3.39 | Market Cap: $856 million ⚠️ MYX, as a decentralized derivatives trading protocol, is impacted by declining market risk appetite. Despite strong annual trading performance on the platform, recent market adjustments have led to capital outflows from the derivatives sector, reducing trading activity.

3️⃣ XDC (XDC Network) 📉 Current Price: $0.49 | Decline: -0.97% 📊 24H High/Low: $0.51 / $0.49 | Market Cap: $924 million ⚠️ XDC Network, as an enterprise-grade public chain, is under pressure amid overall market risk contraction. Although the decline is moderate, the entire public chain sector is experiencing capital outflows, with investor risk appetite decreasing and funds concentrating into mainstream coins.

4️⃣ HYPE (Hyperliquid) 📉 Current Price: $25.96 | Decline: -0.57% 📊 24H High/Low: $26.29 / $25.41 | Market Cap: $8.813 billion ⚠️ Recently, the HYPE foundation burned 11.068% of the circulating supply (worth $912 million) to stabilize the price, but the market remains under pressure. On-chain data shows that BTC long whales have decreased by nearly 50%, and ETH short positions have doubled the long positions, reflecting increased market bearish sentiment.

5️⃣ AB (AB) 📉 Current Price: $0.45 | Decline: -0.68% 📊 24H High/Low: $0.46 / $0.45 | Market Cap: $428 million ⚠️ The AB token’s decline has been relatively stable. However, as a mid- to small-cap coin, liquidity is limited during the overall market correction cycle, with higher volatility risks.

📉 Market Correction Summary and Risk Reminder

The current market shows a clear correction trend, with the altcoin sector bearing the brunt. According to data, approximately 84.73% of altcoins are trading below their TGE (Token Generation Event) issuance price, with only 15.30% maintaining a premium. Market risk appetite has significantly decreased, capital continues to flow out toward mainstream coins and stable assets, and newly issued tokens face the risk of falling below their launch price. Derivatives platform data indicates that short positions are strengthening, and market bearish sentiment is rising.

⚠️ Important Risk Warning: Investors should exercise caution with high-volatility altcoins, especially new tokens with high concentration and weak fundamental support; derivatives trading carries extremely high risk, with leverage positions facing liquidation risk; it is recommended to carefully assess risk tolerance and avoid blindly chasing gains or panic selling. This message is not investment advice. Investors should be aware of market volatility risks.