- CoinmarketCap’s top five losers include SNX, EOS, FLR, CSPR, and SOL.
- Synthetix topped CoinmarketCap’s losers with a 6.70% loss in the past 24 hours.
- With $7.995 billion, SOL is the largest coin by market cap among the top losers.
CoinMarketCap’s data showed the crypto tokens that have lost the most value in the past 24 hours. The most prominent crypto by market capitalization among the recognized losers is Solana’s SOL. SOL lost 1.57% of its value to rank as the fifth topmost loser.
Synthetix topped the losers chart with a 6.70% loss in the past 24 hours. Synthetix developers claimed to have built a decentralized liquidity provisioning protocol that other protocols could tap into for various purposes. The Synthetix native coin is SNX, and it traded for $2.29 at the time of writing, with a market cap of $741 million.
At $0.577, EOS had lost 1.95% of its value in the past 24 hours. The EOS network is an open-source blockchain focused on high performance, flexibility, security, and developer experience. The EOS market cap at the time of writing is $635.8 million, according to CoinMarketCap.
Flare, an Ethereum Virtual Machine (EVM) based layer-one protocol, lost 1.66% of its value in the past 24 hours to become one of the top five losers. FLR, Flare’s token, traded for $0.01278 at the time of writing, with a market cap of $293.4 million, per CoinMarketCap.
CoinMarketCap’s data showed that Casper lost 1.58% of its value in the past 24 hours to join the top losers. The Casper project was built to boost blockchain adoption and promote the use of Smart Contracts and DApps. Casper’s CSPR traded for $0.03427 at the time of writing, with a market cap of $386.7 million.
Solana, a project that could facilitate DApps creation in the blockchain ecosystem, is the fifth-highest loser in the past 24 hours with a 1.57% loss, according to CoinMarketCap. However, Solana is considered to be one of the top gainers in 2023, adding more than 101% to its price. Solana’s SOL traded for $19.50 at the time of writing, with a market cap of $7.995 billion.