Market Report: January 10, 2026 - Top 5 Cryptocurrency Declines, with Midnight experiencing the largest drop

NIGHT-0,85%
ZEC21,7%
TON5,46%
LIT10,8%

Gate.io News Bot Message, January 10, 2026. According to CoinMarketCap market data, the overall market is in a correction phase, with the privacy coin sector under significant pressure, and several leading coins experiencing pullbacks. The following are the top five cryptocurrencies with the largest declines in the past 24 hours:

1️⃣ NIGHT (Midnight) 📉 Current Price: $0.66 | Change: -10.87% 📊 24H High/Low: $0.74 / $0.65 | Market Cap: $110 million ⚠️ The privacy coin sector is under overall pressure. Midnight, as an emerging privacy stablecoin project, has launched the innovative ShieldUSD product but has followed the sector’s correction during the privacy coin ecosystem restructuring.

2️⃣ ZEC (Zcash) 📉 Current Price: $398.53 | Change: -7.31% 📊 24H High/Low: $534.94 / $451.04 | Market Cap: $6.567 billion ⚠️ The ongoing departure of the core development team Electric Coin Company continues to ferment news. Although the foundation emphasizes Zcash as a decentralized protocol, market confidence has been affected. On-chain development activity has dropped to its lowest since November 2021, with a 40% correction in two months. Whales panic liquidations have resulted in nearly $5 million in losses.

3️⃣ TON (Toncoin) 📉 Current Price: $1.73 | Change: -6.38% 📊 24H High/Low: $1.84 / $1.73 | Market Cap: $4.184 billion ⚠️ Large on-chain transfers are active, with over 2 million TON flowing out from anonymous addresses, causing market liquidity fluctuations. Although the Telegram ecosystem provides support, the TON ecosystem is experiencing a period of adjustment.

4️⃣ LIT (Lighter) 📉 Current Price: $2.82 | Change: -6.23% 📊 24H High/Low: $3.25 / $2.48 | Market Cap: $705 million ⚠️ Competition in the perpetual contract sector is intensifying. Although the Lighter buyback mechanism once drove LIT up by 16%, profit-taking at high levels has appeared, and market participation has fluctuated. After multiple whale accumulations, the upward momentum could not be sustained.

5️⃣ CC (Canton) 📉 Current Price: $0.13 | Change: -6.11% 📊 24H High/Low: $0.13 / $0.12 | Market Cap: $4.836 billion ⚠️ The positive impact of JPM Coin launching on Canton Network could not sustain, and market expectations for the tokenization of traditional financial assets have adjusted. The Senate’s stablecoin yield rule adjustment expectations have triggered a wait-and-see sentiment.

📉 Market Summary: The privacy coin sector faces a major turning point. Ongoing core team changes in ZEC continue to impact market confidence, and large on-chain outflows from traditional assets have triggered panic. Profit-taking pressures are evident in perpetual contracts and emerging DeFi projects at high levels, with market risk appetite declining. This message is not investment advice; investors should be aware of market volatility risks.

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· 01-10 02:41
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