Very red list below.

Top losers of 2025, from top-100 CoinGecko ↓

1) @Aptos ($APT): Layer 1
−88% | $1.1B MC | #88

2) @pepecoineth ($PEPE): Meme
−83% | $1.7B MC | #62

3) @worldcoin ($WLD): Decentralized Identity
−82% | $1.3B MC | #81

4) @ethena_labs ($ENA): Yield
−81% | $1.6B MC | #63

5) @0xPolygon ($POL): Layer 2
−81% | $1.2B MC | #87

6) @arbitrum ($ARB): Layer 2
−80% | $1.1B MC | #90

7) @OndoFinance ($ONDO): RWA
−80% | $1.3B MC | #80

8) @Polkadot ($DOT): Layer 0
−79% | $3.1B MC | #45

9) @cosmos ($ATOM): Layer 1
−77% | $976M MC | #97

10) @NEARProtocol ($NEAR): Layer 1
−76% | $2B MC | #56

So many great products here with a super teams.
But that was not enough.