Market Report: Top 5 Cryptocurrencies with the Largest Declines on December 8, 2025—Bonk Leads the Drop

Gate.io News Bot message, December 8, 2025: According to CoinMarketCap data, the overall cryptocurrency market is showing a downward trend, with most tokens experiencing varying degrees of correction. The following are the top five tokens with the largest declines in the past 24 hours:

1️⃣ BONK (Bonk) 📉 Current price: $0.92 | Decline: -4.94% 📊 24H High/Low: $0.97 / $0.903 | Market cap: $761,752,976.46 ⚠️ The BONK team announced an adjustment to the platform’s fee structure, allocating 51% to support BNKK for DAT token purchases, but the market reaction was lukewarm and the price failed to find support.

2️⃣ IP (Story) 📉 Current price: $2.09 | Decline: -4.72% 📊 24H High/Low: $2.23 / $2.05 | Market cap: $697,014,166.26 ⚠️ Despite ongoing development in the Story ecosystem, such as the launch of short drama token issuance on IPFLOW.FUN, it was not enough to prevent the price from falling.

3️⃣ XMR (Monero) 📉 Current price: $371.01 | Decline: -4.68% 📊 24H High/Low: $388.28 / $361.21 | Market cap: $6,843,985,321.15 ⚠️ Privacy coin Monero corrected along with the broader market, lacking bullish news for support.

4️⃣ ASTER (Aster) 📉 Current price: $0.93 | Decline: -4.34% 📊 24H High/Low: $0.98 / $0.908 | Market cap: $2,081,038,036.99 ⚠️ Although Aster completed a $80 million token burn, it failed to boost market confidence and the price still declined.

5️⃣ M (MemeCore) 📉 Current price: $1.24 | Decline: -3.61% 📊 24H High/Low: $1.29 / $1.23 | Market cap: $1,294,897,531.89 ⚠️ MemeCore was unable to sustain its previous rally and corrected along with the market.

📉 This round of market correction is mainly influenced by global macroeconomic uncertainty, with some tokens also lacking strong bullish catalysts. Investors should closely monitor market trends and manage risk appropriately. The future performance of each token still requires further observation.

This message does not constitute investment advice. Please be aware of the risks of market volatility when investing.