7 biggest weekly crypto losers: RAIN, ZEC, BTW post steepest declines as market sell-off deepens

• 36% was Rain’s loss over the past seven days. It ranked as the worst performer among major cryptocurrencies.
• A 30% retreat left Zcash at $944, while a 32% fall took Bitway to $0.84.
• Double-digit weekly declines also hit Ethena, Uniswap, Pump.fun and Aave.

$70,000 gave way for Bitcoin (BTC) for the first time since August. Cryptocurrency losses deepened over the past week as rising macroeconomic uncertainty, geopolitical tensions and falling technology shares undermined investor sentiment. With Ethereum (ETH) also retreating below $2,000, several altcoins were pulled lower.

Renewed concern over artificial intelligence (AI) equities followed the resignation of Nvidia co-founder Jensen Huang as CEO and board member, forming the backdrop to the sell-off.

Uncertainty was compounded by tensions over the US-Iran war, ongoing inflation worries and expectations of a further Federal Reserve (Fed) rate hike. Over the past 24 hours, crypto liquidations totalled $1.3 billion. Long positions accounted for approximately $1.09 billion of that amount.

Crypto’s biggest weekly declines

Rain (RAIN), Zcash (ZEC) and Bitway (BTW) were among the tokens hardest hit by the selling, with weekly losses widening to double digits.

Rain (RAIN): Weekly losses

-36% WoW | $0.037 price

A 36% weekly slump put Rain at the bottom of the performance table. Its fall coincided with Tuesday’s scheduled token unlock, which added approximately $165.66 million worth of RAIN to circulation.

Against a weakening market backdrop, the extra supply may have intensified selling pressure.

At the time of writing, RAIN has lost 1.2% over the past 24 hours.

Bitway (BTW): Weekly losses

-32% WoW | $0.844 price

Intensifying selling across altcoins erased part of Bitway’s earlier gains, leaving it down 32% over the past week.

A sharp reversal in the token’s recent price performance preceded the decline. Thin trading liquidity may have magnified the volatility.

At $0.81, BTW is 16% lower over the past 24 hours and 70% below the all-time high reached on 14 October.

Zcash (ZEC): Weekly losses

-30% WoW | $944 price

The privacy-focused sector also suffered in the latest market sell-off, with Zcash trading near $944 after a 30% weekly decline. On Wednesday, ZEC retreated from the $1,000 range as market pressure drove losses among leading cryptocurrencies.

Meanwhile, Zcash holders were preparing to vote on removing 50,000 ZEC from the community grants treasury, valued at approximately $50 million at the time of reporting. Voting on the proposal is scheduled for 16 November to 30 November, giving investors another governance development to evaluate.

Ethena (ENA): Weekly losses

-19% WoW | $0.136 price

Concern over a large holder’s movements added to broader market weakness, pushing Ethena’s seven-day loss to 19%.

In a Wednesday report, blockchain analytics platform Lookonchain said a wallet had sent its remaining 102 million ENA to Coinbase over two days. The tokens were worth roughly $15.6 million. The seller disposed of them at an average price of $0.24.

Uniswap (UNI): Weekly losses

-17% WoW | $5.75 price

Weakness in decentralised finance (DeFi) tokens fed the wider altcoin retreat. Uniswap traded near $5.70 following a 17% weekly fall.

After a stronger performance in the previous month, UNI was exposed to profit-taking as sentiment weakened.

At the time of writing, UNI has shed 4.5% over the past 24 hours.

Aave (AAVE): Weekly losses

-16% WoW | $111 price

Trading near $111 after a 16% decline, Aave ranked among the week’s weakest tokens. An intensifying digital-asset sell-off weighed on the DeFi token and other large-cap altcoins.

At the time of writing, AAVE has fallen 2.2% over the past 24 hours.

Pump.fun (PUMP): Weekly losses

-14% WoW

Pressure on speculative assets from the wider cryptocurrency sell-off left Pump.fun 15% lower over seven days.

The retreat coincides with lower memecoin activity across the market. Such activity has historically provided a major source of revenue for the platform.

Despite its weekly decline, PUMP has gained 3% over the past 24 hours at the time of writing.