Polygon leads top 10 following weekend crash: CryptoSlate wMarket update Polygon leads top 10 following weekend crash: CryptoSlate wMarket update
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
2 min read
Updated: Jun. 12, 2023 at 12:49 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Since last Friday’s wMarket report, the cryptocurrency market saw outflows of $49.5 billion and currently stands at $1.06 trillion — down 4.5% from $1.11 trillion.
Over the weekend, the market caps of Bitcoin (BTC) and Ethereum (ETH) fell 2.3% and 5.1% to $503.59 billion and $210.04 billion, respectively.
Over the last 24 hours, the top 10 cryptocurrencies posted a mixed performance. Polygon leads the pack, up 5.7%, while Dogecoin brings up the rear, losing 0.8% over the reporting period.
The market cap of Tether (USDT) increased to $83.38 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $28.36 billion and $4.78 billion, respectively.
Bitcoin
Over the last 24 hours, Bitcoin gained 0.7% to trade at $25,970 as of 07:00 ET. Its market dominance rose to 47.7% from 46.7%.
Since last Friday, BTC traded between $25,360 and $26,200, peaking around Sunday early evening.
Ethereum
Over the last 24 hours, Ethereum lost 0.2% to trade at $1,749 as of 07:00 ET. Its market dominance fell to 19.9% from 20.0%.
Since last Friday, ETH edged higher to top out at $1,778 by early evening Sunday. The ensuing drawdown found support at $1,720, leading to a muted recovery.
Top 5 Gainers
FLEX
FLEX is the day’s biggest gainer, growing 19.6% over the last 24 hours to $2.78177 as of press time. The token grew 101.7% over the past seven days. Its market cap stood at $274.46 million.
TomoChain
TOMO rose 16.6% over the last 24 hours to $1.47813 as of press time. The project recently announced a strategic investment from Coin98 Labs. Its market cap stood at $149.65 million.
Sui
SUI gained 8.8% to $0.66333 as of press time. Despite today’s gains, the token is still down 27.4% over the past seven days. Its market cap stood at $400.68 million.
Aptos
APT added 7.9% in the last 24 hours to trade at $6.36822 at the time of writing. The team has been working on “slashing consensus latency” and will share the developments next week. Its market cap stood at $1.2 billion.
Polygon
MATIC increased 5.7% to $0.64888 during the last 24 hours. Its market cap stood at $6.02 billion.
Top 5 Losers
Rocket Pool
RPL is the day’s biggest loser, falling 7% to $41.1139 at the time of press. The token is down 18.2% over the past 30 days. Its market cap stood at $800.67 million.
Bitgert
BRISE lost 6.3% to trade at $0.000000218111 as of press time. The token fell 43.7% over the past 30 days. Its market cap stood at $84.94 million.
THORChain
RUNE fell 6.1% to $0.87956 over the reporting period. Its market cap stood at $292.13 million.
Baby Doge Coin
BabyDoge had sunk 5.4% to $0.000000001365 as of press time. The token was recently listed on the Cryptology exchange. Its market cap stood at $208.23 million.
Pendle
PENDLE is down 5.4% in the last 24 hours and was trading for $0.49584 at the time of writing. Its market cap stood at $97.57 million.
Mentioned in this article
Author 
Samuel Wan
Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,375.84
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
FLEX
$3.30284
FLEX is the coin that powers CoinFLEX, a physically settled futures exchange.
TomoChain
$1.32505
Tomochain is an innovative solution to the scalability problem with the Ethereum blockchain.
Aptos
$12.0948
Aptos is an FTX-backed layer-1 blockchain which was developed by ex-Meta employees.
Rocket Pool
$10.2365
Rocket Pool is a decentralised Ethereum Proof of Stake pool designed to be compatible with Casper.
THORChain
$5.34856
THORChain is built for cross-chain permissionless digital asset liquidity.
Bitgert
$0.00000
Bitgert (BRISE) is a crypto engineering project launched in July 2021 that specializes in blockchain products and auditing solutions.
Baby Doge Coin
$0.00000
Baby Doge is a deflationary coin designed to become more scarce over time.
Pendle
$5.22454
Pendle is a protocol that enables the tokenization and trading of future yield.
Polygon
$0.46775
Polygon, a prominent layer 2 scaling solution on Ethereum, has emerged as a multifaceted and scalable platform, enhancing the Ethereum ecosystem’s capabilities.