Gate.io News Bot Message, January 24, 2026. According to CoinMarketCap market data, the cryptocurrency market has experienced a broad correction, with several mainstream ecosystem tokens facing pullback pressure, among which metaverse and NFT sector tokens led the decline. The following are the top five performers in the past 24 hours by decline:
1️⃣ SAND (The Sandbox)
📉 Current Price: $0.15 | Decline: -8.65%
📊 24H High/Low: $0.17 / $0.15 | Market Cap: $413,898,743.23
⚠️ The Sandbox is facing a technical correction in the short term. Although it previously maintained an optimistic trend early in 2026, the current adjustment may reflect market profit-taking and decreased risk appetite. Cyclical fluctuations in the metaverse concept have also intensified the decline.
2️⃣ POL (Polygon (prev. MATIC))
📉 Current Price: $0.12 | Decline: -4.80%
📊 24H High/Low: $0.13 / $0.12 | Market Cap: $1,343,316,995.88
⚠️ As a major Layer2 solution token, Polygon’s decline reflects an overall market reassessment of scaling project risks, possibly influenced by market volatility and declining investor risk appetite.
3️⃣ ICP (Internet Computer)
📉 Current Price: $3.46 | Decline: -4.52%
📊 24H High/Low: $3.69 / $3.42 | Market Cap: $1,898,084,980.33
⚠️ Internet Computer’s technical outlook is under pressure, with a moderate decline indicating cautious market sentiment towards public chain ecosystem development. Profit-taking by investors may be a primary driver.
4️⃣ PUMP (Pump.fun)
📉 Current Price: $0.23 | Decline: -4.20%
📊 24H High/Low: $0.25 / $0.23 | Market Cap: $845,127,373.91
⚠️ Although Pump.fun recently launched a $3 million Pump Fund and announced a strategic transformation, on-chain data shows whale addresses continue to reduce their holdings, with total liquidations reaching $31.3 million. This indicates that the market’s risk premium for Meme coin platforms is rapidly diminishing, and the departure of institutional players may further accelerate the price correction.
5️⃣ XTZ (Tezos)
📉 Current Price: $0.57 | Decline: -4.11%
📊 24H High/Low: $0.59 / $0.57 | Market Cap: $616,330,800.87
⚠️ Despite strategic support from TenX Protocols and the purchase of 5.5 million XTZ tokens, Tezos still faces a correction, reflecting broad pressure on public chain tokens. Market confidence in staking yield promises may need time to be validated.
📉 Market Correction Summary
This correction exhibits clear sector-specific characteristics, with metaverse, Layer2, and Meme tokens leading the decline. Overall market risk appetite has decreased, with institutional investors reducing positions and taking profits as main drivers. Notably, whale liquidations on Pump.fun reached $31.3 million, indicating a sharp shift in market participants’ attitude towards high-risk assets. Investors are advised to closely monitor market sentiment indicators, carefully assess position risks, and avoid blindly chasing gains or losses in highly volatile environments.
⚠️ Risk Warning
This message is not investment advice. Cryptocurrency markets are highly volatile, and the declines in the above tokens may continue to expand. Investors should operate cautiously according to their risk tolerance and avoid blindly buying dips or holding concentrated positions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
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