FUD is spreading across the crypto market right now, with leading altcoins such as Solana and Dogecoin shedding previous gains in their market caps. Solana has dipped 15% in the last month, adding to a weekly decline of nearly 14% even as its market cap stagnates at about $90 billion.
Dogecoin’s market cap still stands just above $50 billion, but DOGE’s price has plummeted 13.6% in the last month, worsened by a weekly drop of 12%. With leading altcoins registering a downturn, market watchers are growing increasingly concerned as investors practice caution.
Sponsored
Even so, emerging DeFi projects such as Lunex are defying market trends. Lunex’s ongoing presale has raised over $6.4 million in a brief period.
Lunex’s institutional-grade liquidity gains traction in the crypto market
While many altcoins face market pressure, Lunex’s ongoing presale has seen an uptick in open interest, with onlookers taking advantage of LNEX’s discounted rates. Lunex is pioneering the world’s first hybrid DEX that features an aggregator capable of delivering institutional-grade liquidity.
As the Web3 revolution gains traction, especially among younger investors, DeFi transactions will only increase, as seen with the meteoric rise of meme coins. However, most DEXs are riddled with a lack of liquidity, which leads to high slippage and skyrocketing network fees.
Lunex is a much-needed solution thanks to its cost-efficient and scalable platform that enables traders to trade across more than 50,000 currency pairs, including bonds and ETFs in the crypto market.
Lunex prioritizes security and user privacy, with no registration required to access its trading platform. This makes it an attractive choice for crypto enthusiasts seeking a decentralized and anonymous trading experience.
Solana’s SOL dips below $200 as FUD spreads
Solana’s SOL has been down nearly 14% in the last week, adding to a devastating 15% drop over the last 30 days. Despite being up 91% year-to-date, SOL faces challenges establishing support above the $200 mark. Some of the factors driving SOL’s decline include Solana’s struggle with regulatory compliance as well as security vulnerabilities in the Solana ecosystem.
Dogecoin Struggles Despite Strong Year-to-Date Gains
Popularly known as the people’s cryptocurrency, Dogecoin has seen its price dip 13% even though long-term bulls are still in profit, given that DOGE is up 320% on its year-to-date chart. After approaching the $0.5 mark in December 2024, DOGE encountered resistance near $0.4 in early 2025. Some large holders are now accumulating DOGE at lower prices, hoping to capitalize on the current market dip.
Conclusion
While leading altcoins like SOL and DOGE face market corrections and growing uncertainty, Lunex Network continues to gain momentum with its successful presale and innovative cross-chain technology. With its focus on institutional-grade liquidity and a scalable trading ecosystem, Lunex is well-positioned to make a significant impact in the DeFi space.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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