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Crypto Crash: These Major Tokens Were Dumped The Most This Week

Crypto markets crashed by over $500 billion this week, one of the space’s worst weeks in history.

Barring stablecoins, all of the top-50 cryptocurrencies are set to end the week in negative territory. Terra’s massive crash has also changed the landscape of the largest cryptos.

However, barring UST and LUNA, there are several other tokens that marked heavy losses this week. While some of these are related to the carnage in Terra, others saw their own brand of bearish signals.

PancakeSwap (CAKE), Avalanche (AVAX), Near Protocol (NEAR) and Cosmos (ATOM) were the worst performing top-50 crypto tokens this week, data from Coinmarketcap shows.

PancakeSwap slumps nearly 44%

CAKE logged the biggest losses this week after UST and LUNA, tumbling nearly 44% to trade around $4.18 on Saturday. Traders took little support from the project proposing to cap the number of CAKE tokens at 750 million.

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 14.05.2022

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