Gate.io News Bot Message, February 23, 2026. According to CoinMarketCap market data, the cryptocurrency market is showing a correction trend, with mainstream coins and popular tokens experiencing varying degrees of pullback, notably cross-chain protocols and emerging platform tokens with more significant declines. The following are the top five tokens with the biggest drops in the past 24 hours:
1️⃣ ZRO (LayerZero)
📉 Current Price: $1.52 | Decline: -11.97%
📊 24H High/Low: $1.78 / $1.52 | Market Cap: $458,366,848.21
⚠️ Cross-chain infrastructure tokens are under pressure, possibly affected by market concerns over cross-chain security and profit-taking.
2️⃣ PUMP (Pump.fun)
📉 Current Price: $0.18 | Decline: -10.34%
📊 24H High/Low: $0.209 / $0.18 | Market Cap: $669,961,644.15
⚠️ Token issuance platform assets are adjusting, influenced by shifts in mainstream market sentiment, with decreased enthusiasm leading to increased selling pressure.
3️⃣ ZEC (Zcash)
📉 Current Price: $233.90 | Decline: -9.30%
📊 24H High/Low: $257.72 / $230.91 | Market Cap: $3,870,690,458.59
⚠️ Privacy coin assets are also pulling back, affected by overall market adjustments and reallocation of risk assets.
4️⃣ ENA (Ethena)
📉 Current Price: $0.96 | Decline: -8.81%
📊 24H High/Low: $0.105 / $0.95 | Market Cap: $791,648,406.60
⚠️ Synthetic stablecoin protocol tokens are under pressure, possibly facing reassessment of project sustainability and increased focus on technical risks.
5️⃣ PENGU (Pudgy Penguins)
📉 Current Price: $0.61 | Decline: -8.75%
📊 24H High/Low: $0.67 / $0.61 | Market Cap: $388,095,013.63
⚠️ NFT-related tokens are adjusting, influenced by decreased market risk appetite and profit-taking pressures.
📉 Market Correction Summary: The current market is in a mild correction phase, with the top five declining tokens all from innovative sectors, with overall drops ranging from 8.75% to 11.97%. Investors are advised to closely monitor market sentiment changes, manage positions prudently, and approach high-volatility assets with caution. This message is not investment advice; please be aware of market fluctuation risks when investing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
FTX $2.2 Billion Compensation Distributed in March, Creditors Still Unsatisfied
The FTX Bankruptcy Estate will distribute $2.2 billion to creditors on March 31st, marking the fourth distribution since 2025, with cumulative payouts reaching $10 billion. Compensation is calculated based on cryptocurrency asset values at the time of claim filing in 2022, which has sparked creditor dissatisfaction as actual asset values have risen significantly. Additionally, FTX founder Sam Bankman-Fried faces imprisonment, with speculation about potential pardons. A fifth distribution is planned for 2026.
MarketWhisper13m ago
Why Did Bitcoin Decline Today? Powell Sends Hawkish Signals, Trump Considers Troop Increase in Middle East
Bitcoin fell to $70,767 on March 19 following hawkish signals from Federal Reserve Chairman Powell, who warned that rising oil prices could exacerbate inflation; meanwhile, U.S. military troop reinforcements in the Middle East heightened geopolitical risks. The $70,000 level is a critical support for Bitcoin, and a break below it could accelerate further downside.
MarketWhisper21m ago
Bitcoin dipped briefly to $70,500 this morning and has now rebounded to around $71,000.
Gate News report: On March 18, according to certain CEX market data, Bitcoin briefly declined to $70,500 this morning (March 19), then rebounded to near the $71,000 level, with the 24-hour decline narrowing to 4.04%.
GateNews1h ago
Federal Reserve Holds Rates Steady, War Escalates Inflation Risks, Bitcoin Pulls Back Above 70K
The Federal Reserve kept the federal funds rate unchanged at 3.5% to 3.75%, with Fed Chair Powell pointing out the uncertainty of war on inflation. The three major U.S. stock indices fell, with Bitcoin temporarily pulling back to $70,500. February PPI rose more than expected, oil prices surged to $107, intensifying inflation concerns. Market confidence has not fully recovered, though institutional fund inflows into Bitcoin ETFs indicate warming sentiment.
ChainNewsAbmedia2h ago
Top 100 tokens by market cap today: RIVER up 9.11% leading gains, MNT down 10.07% leading losses
On March 18, among the top 100 cryptocurrencies by market cap, River (+9.11%) and MemeCore (+6.61%) showed the largest gains, while Mantle (-10.07%) and Aster (-8.73%) experienced the largest declines.
GateNews9h ago
