The top coin on the 24-hour losers list, $KAVA , plunged 58.62%, while its contract open interest actually rose 7.9% over the past hour 😳. The next two, $ASTER and $SHELL , fell 22.62% and 21.84%, respectively.
This sharp drop may be linked to an attack on the lending protocol Kava Lend, with around 55.2 million KAVA borrowed and about $2.09 million worth sold across chains. Its 24-hour trading volume surged to nearly 6.1 times its 7-day daily average. Meanwhile, BTC was down 7.86% over 24 hours—this sell-off was clearly triggered by trouble with the project itself.
It’s now 62.1% below its 30-day high of 0.07237 and only 9.3% above its 30-day low of 0.02507. When a coin shows up among the biggest losers, you need to check why first: project-specific trouble is nothing like a pullback following the broader market. You haven’t been holding it, have you?
This sharp drop may be linked to an attack on the lending protocol Kava Lend, with around 55.2 million KAVA borrowed and about $2.09 million worth sold across chains. Its 24-hour trading volume surged to nearly 6.1 times its 7-day daily average. Meanwhile, BTC was down 7.86% over 24 hours—this sell-off was clearly triggered by trouble with the project itself.
It’s now 62.1% below its 30-day high of 0.07237 and only 9.3% above its 30-day low of 0.02507. When a coin shows up among the biggest losers, you need to check why first: project-specific trouble is nothing like a pullback following the broader market. You haven’t been holding it, have you?
