These 5 crypto declined most in July: Pepe and other underperformers

Five tokens stand out as the biggest losers among the top 100 assets, facing significant challenges in recent times.

As July comes to a close, the crypto market has witnessed notable fluctuations, with some assets experiencing a downward spiral in their 30-day performance.

Fantom (FTM)

Fantom (FTM) took a heavy hit. Its price plummeted by a staggering 22.22% in the last 30 days. Fantom’s woes began mid-July when it forfeited the $0.31 price territory to the bears after reclaiming it in an impressive 24-hour rally.

Currently trading at $0.2409, Fantom has struggled to maintain a stable trajectory as its 24-hour and 7-day percentages are also negative. Over the past week, it has experienced a 5.12% decline, recording a 1.61% drop in the last 24 hours.

Rocket Pool (RPL)

Rocket Pool (RPL) faced a similar fate, witnessing a 30-day decline of 22.10%. Priced at $29.21, Rocket Pool’s performance suffered across all recorded timeframes.

In the past seven days, it has registered a 4.1% loss, and in the last 24 hours, it faces a decrease of 1.26%.

PEPE

Pepe (PEPE) experienced a moderate decline in value, losing 19.15% over the past 30 days. This 30-day drop prevailed despite a whale accumulation pattern observed last week. Notably, an unidentified address procured $6.7 million worth of PEPE between July 24 and 25.

Moreover, Pepe is currently trading at $0.000001295. The asset has struggled to regain lost ground amid the market-wide turmoil. In the last week, it faced an 11.65% decrease, while its 24-hour performance shows a 2.62% dip.

Apecoin (APE)

ApeCoin (APE) faced similar challenges in its 30-day performance, losing 16.43% of its value since the start of July. APE witnessed a discouraging one-week drop of 28% on July 11 amid mounting controversy surrounding the salary structure of the ApeCoin DAO.

The asset is currently trading for $1.90.

Bitcoin Cash (BCH)

Bitcoin Cash (BCH) also made it to the list of losers, despite its massive 166% increase in the two weeks leading to July 4. The asset is experiencing a 30-day decline of 12.88%. 

While it achieved a positive 24-hour and seven-day percentage, the overall drop in value from July 14 has led to its inclusion in the top 5 losers of July. In the last seven days, Bitcoin Cash has been up 2.19%, and in the past 24 hours, it has registered a 3.65% surge. 

Furthermore, a common thread among these tokens was the significant drop in social volume since June 10. This downward trend was a crucial factor contributing to their abysmal performance, as investors’ interest waned drastically. 

Although BCH saw remarkable spikes in social volume from late June to early July, the asset could not escape the negative market sentiment as it relinquished the $297 monthly high on July 4.