Biggest Losers in the Crypto Market After Trump’s Reserve Plan
### **Crypto Market Volatility Surges After Trump’s Strategic Reserve Plan Announcement**
The cryptocurrency market has faced intense volatility following former U.S. President Donald Trump’s announcement of a strategic cryptocurrency reserve plan. Designed to position the U.S. as a key player in the digital asset space, the initiative triggered major shifts in investor sentiment. While some assets saw gains, many cryptocurrencies experienced steep declines due to concerns over regulatory scrutiny, liquidity redistribution, and market adjustments.
Several tokens suffered significant losses in the 30 days following the announcement, with factors such as exclusion from the reserve plan, investor uncertainty, and broader sell-offs in speculative assets contributing to their downturn. Here’s a breakdown of the most affected cryptocurrencies and the reasons behind their declines:
### **1. Raydium (RAY) – The Biggest Loser**
- **Current Price:** $2.21
- **30-Day Decline:** **65.13%**
- **24-Hour Trading Volume:** $46,377,514
Raydium, a decentralized finance (DeFi) protocol on the Solana blockchain, recorded the steepest losses, dropping over 65% in just a month. The decline was driven by liquidity concerns, waning investor interest in speculative DeFi projects, and growing regulatory uncertainty surrounding decentralized exchanges. Trump’s push for increased oversight on DeFi platforms likely accelerated the sell-off.
### **2. Ethena (ENA) – Lack of Institutional Interest Hurts ENA**
- **Current Price:** $0.3592
- **30-Day Decline:** **45.99%**
- **24-Hour Trading Volume:** $399,600,522
Ethena failed to capitalize on Trump’s reserve plan, as it was excluded from institutional backing. This lack of mainstream adoption led to decreased investor enthusiasm, driving its price down by nearly 46%. Questions about Ethena’s long-term viability compared to larger blockchain projects also weighed on its performance.
### **3. Jupiter (JUP) – Liquidity Dry-Up Hits Hard**
- **Current Price:** $0.6347
- **30-Day Decline:** **38.95%**
- **24-Hour Trading Volume:** $102,890,563
Jupiter, a blockchain interoperability project, lost almost 39% of its value as investors moved towards more established assets. The reserve plan announcement triggered a liquidity shift, leaving smaller tokens like JUP struggling to maintain demand.
### **4. Mantle (MNT) – Layer-2 Scaling Projects Lose Momentum**
- **Current Price:** $0.7459
- **30-Day Decline:** **37.54%**
- **24-Hour Trading Volume:** $76,189,069
Mantle, a blockchain scaling solution, suffered as investor focus shifted away from newer layer-2 projects. Without strong institutional backing or inclusion in the reserve plan, traders preferred more liquid assets, leading to a steep decline in price.
### **5. Bonk (BONK) – Meme Coin Decline Continues**
- **Current Price:** $0.00001241
- **30-Day Decline:** **35.73%**
- **24-Hour Trading Volume:** $107,294,113
Bonk, a meme coin that previously thrived on retail hype, plummeted nearly 36% as speculative investments waned. Trump’s emphasis on regulatory oversight discouraged investments in high-risk assets, particularly meme coins with little utility.
### **6. Lido DAO (LDO) – Liquid Staking Faces Uncertainty**
- **Current Price:** $1.20
- **30-Day Decline:** **34.27%**
- **24-Hour Trading Volume:** $102,696,194
Lido DAO, a major liquid staking provider, took a hit due to fears of increased regulatory scrutiny. Investors exited LDO positions in anticipation of possible restrictions on staking services, resulting in a significant sell-off.
### **7. Pepe (PEPE) – Speculative Crypto Takes a Hit**
- **Current Price:** $0.05717
- **30-Day Decline:** **32.43%**
- **24-Hour Trading Volume:** $529,409,268
Pepe, another meme token, suffered a substantial drop as investors shifted toward more stable assets. The uncertainty surrounding regulatory policies on speculative tokens further fueled the decline.
### **8. dogwifhat (WIF) – Retail Hype Fades**
- **Current Price:** $0.5803
- **30-Day Decline:** **31.70%**
- **24-Hour Trading Volume:** $416,776,408
dogwifhat, a meme-based cryptocurrency, mirrored the struggles of Bonk and Pepe. Retail-driven hype diminished as investors focused on projects with stronger fundamentals, leading to a sharp decline in price.
### **9. Hyperliquid (HYPE) – DeFi Liquidity Crisis Deepens**
- **Current Price:** $17.25
- **30-Day Decline:** **31.41%**
- **24-Hour Trading Volume:** $154,317,893
Hyperliquid, a project focused on liquidity solutions for decentralized exchanges, saw its value decline by over 31%. The announcement of the reserve plan prompted a liquidity shift away from DeFi platforms, negatively impacting HYPE’s trading volume and price stability.
### **10. Solana (SOL) – Profit-Taking and Market Fears Weigh on SOL**
- **Current Price:** $149.00
- **30-Day Decline:** **31.08%**
- **24-Hour Trading Volume:** $4,483,206,591
Despite being included in the strategic reserve, Solana still saw a notable 31% decline. Initial excitement over its inclusion led to a price surge, but profit-taking and concerns over liquidity migration caused a sharp correction. The broader Solana ecosystem, including Raydium and Bonk, was also affected, amplifying losses across the network.
### **Market Outlook: Flight to Stability or Prolonged Volatility?**
The crypto market has faced significant turbulence following Trump’s reserve plan announcement, with meme coins and speculative DeFi projects taking the hardest hit. Investors have shifted towards regulatory-compliant and institutionally favored assets, leaving many smaller cryptocurrencies struggling.
While the long-term impact of the reserve plan remains uncertain, the immediate trend suggests a movement toward more stable, regulated investments. The coming months will be crucial in determining whether these affected assets can recover or if the crypto market is heading toward a new era of institutional dominance.