HomeMarketsTop 5 Crypto Losers In August 2023 Despite Market Recovery

Top 5 Crypto Losers In August 2023 Despite Market Recovery

After Grayscale’s SEC win, the global crypto market is rebounding toward $1.1 trillion, but FLEX, HEX, and others claim losses.

The worldwide crypto market rebounded after Grayscale won its SEC case on Aug. 29. Despite market bullishness, several crypto assets have declined during the past 30 days.

After two weeks of a deep bear market, CoinMarketCap (CMC) reported a market-wide rise. CMC estimates worldwide crypto market capitalisation at $1.1 trillion.

The top five losers of August 2023 are as follows:

Despite having a strong performance over the course of the last month, FLEX is leading the pack of companies that have lost the most this month. The asset traded between $5 and $7 for most of the month before plummeting on Aug. 29. 

FLEX has fallen 61% in 24 hours and 67% in 30 days, according to CMC statistics. The asset is worth $170 million and trades at $1.73.

The HEX token took second place with a 51.8% decline in August. CMC data shows HEX has been declining for 30 days, with a 24-hour trading volume of $728,000. Its market cap is about $700 million.

Worldcoin (WLD), Compound (COMP), and Ordinals (ORDI) followed with 43.8%, 42.6%, and 42.3% monthly losses. 

These three assets have followed a similar pattern for 30 days. WLD, COMP, and ORDI gained 13.7%, 5.7%, and 3.5% in 24 hours. The assets are currently trading at $1.27, $43.5, and $3.6.

Also Read: Bitcoin Surges: Exchanges Active Before Grayscale Win


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