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Market Movers: Crypto Correction Wave Hits Altcoins Hard
The past 4 hours have seen notable selling pressure across the altcoin space, with several tokens experiencing significant drawdowns. Here's what's happening at the front lines:
Dar Open Network (D) leads the losses at $0.0156, down 9.97% as holders take profits or cut positions. Beat Token (BEAT) follows closely at $2.441, suffering a 7.08% hit. Squid (SQD) trades near $0.0679, reflecting a 6.08% decline that's catching traders' attention.
The correction extends to Momentum (MMT) sitting at $0.2195 with a 3.22% pullback, while Avantis (AVNT) rounds out the top losers at $0.3491, down 2.4%. These moves suggest profit-taking activity or broader market consolidation as traders reassess positions.
Short-term volatility like this is typical during market corrections—keeping watch on support levels and trading volume remains key for active traders navigating these altcoin gyrations.