Crypto Bloodbath: Markets Plunge 20% Despite Record $300B Trading Frenzy
Crypto markets got wrecked today—no mercy for bulls as Bitcoin led the charge downward. Here's what's happening behind the selloff.
Liquidation party
Leveraged longs got steamrolled when BTC sliced through $50k like butter. Over $1.2B in positions vaporized—thanks as always to our friends at Bybit and Binance for the leverage casino.
Volume tells the real story
Traders went berserk with $300B changing hands globally. When this much money moves during a dump? Either capitulation or accumulation—place your bets.
Silver lining for degens
Altcoins somehow fared worse (shocking). ETH/BTC ratio tanked to 0.045 as 'institutional darling' status got revoked. But hey—at least gas fees are cheap again.
Another day in crypto paradise—where the only certainty is that your portfolio statement will hurt more than your ex's lawyer. On-chain data shows whales buying the dip... or are they just reloading for the next rug pull?
- Aptos leads losses with 12.83% drop amid strong $226.9M trading volume.
- Sei posts highest volume of $359.5M despite 11.96% price decline.
- Major liquidity persists as multiple tokens face double-digit price drops.
On June 22, 2025, the crypto market saw price declines across several digital assets, despite continued trading activity. Aptos (APT) led the downturn, falling 12.83% to $4.00. The token’s 24-hour trading volume stood at approximately $226.9 million, displaying active engagement even amid the price drop. This pattern of major liquidity paired with declining prices appeared throughout the market’s top losers.
Sei (SEI) registered an 11.96% loss, closing at $0.1969. Its 24-hour volume reached about $359.5 million, the highest among the tokens reporting losses, signaling considerable market participation. Virtuals Protocol (VIRTUAL) followed with an 11.81% decrease, trading at $1.38 alongside a volume of $239.1 million.
Injective (INJ) posted an 11.72% decline, priced at $9.87, with a 24-hour volume of $101.1 million. This adjustment adds to a broader trend affecting decentralized finance (DeFi) tokens. AB (AB) saw an 11.35% drop to $0.01013, while maintaining strong liquidity at $242.7 million in volume.
Additional Notable Tokens in Decline
Celestia (TIA) decreased 10.94%, settling at $1.42 with $86.2 million traded over the past day. Bittensor (TAO) recorded a 9.51% fall, trading at $311.42 with a volume of $167 million. Artificial Superintelligence Alliance (FET) declined 9.44% to $0.5952, accompanied by $119.7 million in volume.
Completing the top ten losers, Jupiter (JUP) fell 9.19%, closing at $0.353 with $46.1 million traded. dogwifhat (WIF) dropped 9.18% to $0.7011, supported by $267.4 million in volume. The trading volume of Dogwifhat is among the potential higher liquidity rates in the midst of fading tokens.
These drops reflect ongoing instability in the crypto market as crypto assets experience price adjustments. Remarkably, some tokens maintained positive liquidity levels despite the negative price trends, which implies continued investor participation. Overall, the June 22 events suggest that the market is characterized by large trading activity at the peak of major sell-offs.
