Gemini Unveils Crypto Bloodbath's Biggest Victims as XRP, ETH Sink
Leading crypto exchange Gemini has identified the biggest losers in the ongoing market downturn, with privacy-focused Zcash (ZEC) suffering a 22.67% drop over the past week.
Major crypto assets such as XRP and Ethereum (ETH) have seen double-digit percentage losses in the past week, according to data shared by crypto exchange Gemini. The exchange highlighted seven major cryptocurrencies that have been particularly hard hit by the ongoing market downturn.
Zcash Leads Decline
Privacy-centric crypto asset Zcash (ZEC) has become the biggest crypto loser among the assets highlighted by Gemini, with a massive 22.67% drop over the past seven days. This decline is particularly notable given Zcash's stellar performance throughout 2026, which has now been significantly eroded by the recent market downturn.
XRP and Ethereum Follow
XRP, linked to Ripple, has seen an 18.89% drop over the past week, making it the second-biggest loser on Gemini's list. The percentage drop is significant considering XRP's status as one of the top cryptocurrencies by market capitalization. Ethereum (ETH), the world's second-largest crypto asset, has also experienced a major 13.98% decline during the same period.
Altcoin Selloff Intensifies
Other major cryptocurrencies have also seen substantial price drops amid the ongoing market downturn. Ethena (ENA) has fallen 16.68%, Pump.fun (PUMP) 15.60%, Uniswap (UNI) 13.82%, and Hyperliquid (HYPE) 12.92%. Notably, all seven crypto assets shared by Gemini have seen their prices drop by more than 12% over the past seven days, illustrating the extent of the current sell-off which has hit altcoins particularly hard.
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