Tornado Cash

Fantom

Read

Tornado

<p class="is-style-lead">The global crypto market capitalization witnessed a $100 billion fall in the first two weeks of May, dropping from $1.22 trillion to $1.12 trillion.</p>



<p>This has caused a stir in the industry, making investors worry about their assets. Here are May&#8217;s ten worst-performing cryptocurrencies among the top 100 assets.</p>



<p>The leading loser award goes to sui (<a href="https://crypto.news/price/sui/">SUI</a>) with a 77.3% fall in the past 30 days, according to data provided by CoinMarketCap (CMC). The asset fell by 70% a day after its launch on the largest crypto exchange, Binance, and <a href="https://crypto.news/sui-drops-to-an-all-time-low-as-the-market-turns-red/">plunged</a> to an all-time low (ATL) of $0.94 on May 24.</p>



<figure class="wp-block-image size-full"><img decoding="async" width="905" height="825" src="https://crypto.news/app/uploads/2023/05/Top-10-worst-cryptos-in-May-2023.png" alt="Worst performing crypto in May 2023 - 1" class="wp-image-14163126"><figcaption class="wp-element-caption">10 worst-performing cryptos in May | Source: <a href="https://coinmarketcap.com/" target="_blank" rel="noopener">CoinMarketCap</a></figcaption></figure>



<p>Moreover, PankackeSwap’s utility token, CAKE, ranks second on the list with a 35.6% drop over the past month. CAKE’s price fell by 4.5% in the past week.</p>



<p>The third loser among the top 100 crypto assets is optimism (OP), with a 30.5% fall in May, with a 9.25% decline this week alone.</p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            You might also like:
        </span>

    
    
        <a href="https://crypto.news/best-performing-crypto-in-may-2023/" class="cn-block-related-link__link">
            Best performing crypto in May 2023        </a>

    
</div>


<p>Fantom (FTM) and immutable (IMX) fell by roughly 23% over the past 30 days. While FTM recorded a 10.9% slip in the past seven days, IMX could register a nearly 1% rise in the mentioned timeframe.</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="CRYPTO HODLERS: The 2023 Debt Ceiling Crisis is About to Get Worse..." width="1020" height="574" src="https://www.youtube.com/embed/vjsH4vUisDo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div></figure>



<p>Data provided by CMC shows that ICP, XDC, the fallen Luna Classic project (LUNC), and GMX plunged by 22% in May. Among these assets, only GMX could record a 0.15% incline in the past 24 hours despite the uncertain market conditions.</p>



<p>Last, the flare token (FLR) sunk by 21.5% over the past 30 days, making it the 10th worst-performing asset on this list. </p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            Read more:
        </span>

    
    
        <a href="https://crypto.news/hacker-drops-control-over-tornado-cash-as-they-use-it-to-wash-stolen-funds/" class="cn-block-related-link__link">
            Hacker drops control over Tornado Cash as they use it to wash stolen funds        </a>

    
</div>

Worst performing crypto in May 2023

crypto.news

Other articles published on May 30, 2023

WEMIX platform temporary maintenance

NFTs: Avoid These Mistakes When Investing in Them

The Potential and Opportunities of Application-specific Chains on Cosmos

Bitcoin Firesale in Australia: Binance Banking Issues Trigger $6K Discount on Cryptocurrency

Ripple Labs Acquired Metaco, Crypto Daily TV 30/5/2023

Tether Launches Bitcoin Mining Operations in Uruguay

Join our free newsletter for daily crypto updates!