Movers of the Day 5-May-2025

Tokens and coins that moved the most in the last 24 hours:

🌙 00:00 CET – Daily Wrap-Up: Finished lower – Top Movers of the Day

• ICON and Loopring: Since 7 pm ICON has surged 16.16%, Loopring has increased by 2.57%.

Overview: The crypto markets finished the day quite lower. 2100NEWS DA Indexes which measure the performance of different groups of tokens and coins ended from -1.26% to -0.02%. 2100NEWS Total Index (NWST1100) ended -0.96%. Bitcoin ended -1.01%, Ether ended -1.04%.

This closing update covers the day’s final session between 7:00 p.m. and midnight CET. Top Movers include 24h performance, but the primary focus is on the asset with the most significant change since the 7:00 p.m. report. 2100NEWS Indices show changes from 19:00 to 00:00 CET. 2100NEWS Total Index (NWST1100) and Bitcoin & Ether sections always reflect complete 24-hour changes, regardless of report timing. Please note that conditions may have shifted since the time of publication. Supplemental notes detail the criteria for highlighting these specific cryptocurrencies and indices. 

ICON (ICX)

Icon is a decentralized network formed by various independent societies connected by blockchain. Icon has connected many Korean banks, securities companies, insurance companies, hospitals, universities, e-commerce and other societies. Thus, distributed application (DAPP) services such as blockchain ID, payment and transaction can also be used across domains. Icon is a benchmarking Ethereum blockchain project in Korea, known as “Ethereum in Korea”.

🌇 19:00 CET – Evening Report: Market Attempts Rebound After Volatile Session – Top Movers of the Day

• Function X and Loopring: Since 2 pm Function X has surged 36.54%, Loopring is 18.61% higher.
• ICON has increased by 17.21%.

🔍 Market Insight: The market remains under pressure despite a late recovery attempt, with the NWST1100 index down -0.79% over 24 hours. Both Bitcoin (-1.18%) and Ether (-0.94%) reflect this negativity, though Ether slightly outperformed Bitcoin. The downturn is broad, with all sectors showing negative performance since the last report, led lower by Blue Chips (NWSBE -1.57%). Strong movers like FX (+34.98%) are clear outliers against the general trend. While the sharp rebound from the afternoon lows offers some hope, the preceding steep declines underscore significant volatility and selling pressure. The market needs to consolidate these late gains to avoid further downside.

Loopring (LRC)

Loopring is an open multi token transaction agreement based on erc20 and smart contract. Through this agreement, a decentralized exchange application without asset custody and capital freezing can be established. The decentralized technology is adopted to provide a zero risk token exchange model, and allow multiple exchanges to make off chain matching and on chain settlement of the same orders through competition. LRC is the Lu Yin technology token on Ethereum. LRC holders can pay the lowest transaction costs; Benefit from all network activities.

⚡ 14:00 – Midday Moves: Market Struggles to Rebound After Morning Breakdown – Top Movers of the Day

• KAITO and Walrus: These cryptocurrencies have grown remarkably over the past 24 hours, with KAITO increasing by 5.08% since the morning update.

Overview: Over the last 24 hours, the crypto market continued its downtrend from overnight into the midday session. After breaking below key support levels earlier in the day, prices reached fresh intraday lows before attempting a weak recovery. Momentum remains firmly bearish, with no sustained rebound yet. 🔍 Market Insight: Bearish sentiment dominates across the board. Almost all 2100NEWS sector indices have been in the red since midnight. The failed recovery attempt underscores the market’s fragility. Major indices, NWST1100, Bitcoin, and Ether, remain profoundly negative over the past 24 hours, showing that buyers are staying sidelined.

Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT chart shows a sharp decline continuing from the morning session. The index broke below the support levels tested earlier (around 7.54). It plunged towards the 7.50 level (0.786 Fibonacci level), finding support there, attempting a slight bounce from the intraday lows but remaining firmly in negative territory for the day. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, covering 1100 significant cryptocurrencies based on their market cap. It has fallen by 1.27% over the last 24 hours. Bitcoin and Ether: Over the previous 24 hours, Bitcoin has lost 1.39% and Ether 1.28%.

KAITO (KAITO)

KAITO is the native token of the AI-powered InfoFi network, serving as a fundamental component in shaping the Web3 information economy. Designed to aggregate and streamline access to decentralized data sources, KAITO facilitates market participation, seamless transactions, and decentralized governance within the Kaito ecosystem. As a medium of exchange, it enables efficient interactions, while its governance model empowers token holders to influence key protocol decisions. Since its launch, KAITO has gained traction in the crypto market, which is backed by leading investors and driven by a strong AI infrastructure. Its role in aligning incentives and fostering a transparent, efficient network positions it as a pivotal asset in the evolving Web3 landscape.

☀️ 9:00 – Morning Pulse: Market Consolidates Lower After Retreat – Top Movers of the Day 

• STP Network and Walrus: These cryptocurrencies have been the best performers over the past 24 hours, with STP Network posting the most substantial intraday gain since midnight, rising by 12.11%.

Overview: Over the last 24 hours, the crypto market experienced a significant drop starting around midnight. Prices reached a low point in the early morning hours before initiating a recovery attempt. The market is currently trying to regain lost ground but remains well below yesterday‘s levels. 🔍 Market Insight: Negative sentiment prevails this morning following the overnight drop.  The broader market index (NWST1100), Bitcoin, and Ether are all down over the past 24 hours. The current recovery attempt needs to show sustainability to reverse the negative momentum. 

1. NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, commonly called the “Blue Chips”. The NWSBCT chart on the left shows a sharp decline commencing around midnight. The index fell steeply, finding support near the 7.51 level (indicated as 0.786 Fibonacci level) around 04:00 CET. Since reaching the low, it has started a recovery phase, attempting to climb back from the session lows.
2. 2100NEWS Total Index (NWST1100): This index represents a broad spectrum of the crypto market and tracks 1100 significant cryptocurrencies based on their market cap. It has retraced by 1.06% in the previous 24 hours.
3. Bitcoin and Ether: Over the last 24 hours, Bitcoin has retraced by 1.24% and Ether by 1.41%.

STP (STPT)

The STP (Standard Tokenization Protocol) Network aims to build a decentralized network to facilitate the discovery and usage of digital assets across global communities. The STP Standard defines how tokenized asset ownership is generated, issued, sent, and received while complying with all necessary regulations. The project has raised $7.75MM via private and public token sales and was founded by Mike Chen, Sinhae Lee, and Richard Lee.