Gemini Unveils Crypto Bloodbath's Biggest Victims as XRP, ETH Sink
Leading crypto exchange Gemini has identified the biggest losers in the ongoing crypto market downturn, with privacy coin Zcash (ZEC) suffering the most significant losses.
Major cryptocurrencies have experienced significant losses in the past week, with privacy-centric Zcash (ZEC) emerging as the worst performer among assets tracked by crypto exchange Gemini. The exchange shared data showing ZEC has plummeted 22.67% over the last seven days, making it the biggest loser in the current market downturn.
Top Losers
XRP, the cryptocurrency associated with Ripple, follows closely behind with an 18.89% drop, ranking as the second-biggest loser on Gemini's list. Despite being one of the top cryptocurrencies by market capitalization, XRP has not been spared from the widespread sell-off.
Ethereum (ETH), the world's second-largest cryptocurrency, has also seen substantial losses, with its price declining 13.98% in the past week. The market downturn has particularly affected altcoins, with all seven cryptocurrencies highlighted by Gemini experiencing drops exceeding 12%.
Other Major Declines
Beyond the top three losers, several other major cryptocurrencies have faced significant price drops. Ethena (ENA) has fallen 16.68%, making it the third-worst performer on Gemini's list. Pump.fun (PUMP) has seen a 15.60% decline, while decentralized exchange token Uniswap (UNI) has dropped 13.82% and Hyperliquid (HYPE) has fallen 12.92%.
The widespread nature of these losses underscores the extent of the ongoing crypto sell-off. Zcash's performance is particularly notable given its previous stellar rally throughout 2026, which has now been significantly eroded by the recent market downturn.
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