The main outsiders of the cryptocurrency market: the top 10 coins that fell in November
The most illustrative list of the “worst” is the selection by Pintu News – “10 Altcoins that Crashed During the Month of November 2025.” According to the publication, a number of tokens lost between 58% and more than 97% of their value over 30 days (as of November 23). Top 10 declines of November 2025 according to Pintu 1. LooksRare (LOOKS) – NFT marketplace – about −79%
The most illustrative list of the “worst” is the selection by Pintu News – “10 Altcoins that Crashed During the Month of November 2025.” According to the publication, a number of tokens lost between 58% and more than 97% of their value over 30 days (as of November 23).
Top 10 declines of November 2025 according to Pintu
1. LooksRare (LOOKS) – NFT marketplace
– about −79% over the month
– a drop in NFT trading volumes (down 41% since the third quarter according to Cryptoslam), a 30% decline in staking and an outflow of liquidity.
2. Fwog (FWOG) – Solana meme token
– about −69% over 30 days
– profit-taking by large holders after an earlier sharp rally, and high volatility readings.
3. Perpetual Protocol (PERP) – DeFi derivatives
– about −67%
– a drop of more than 28% in derivatives trading volumes in DeFi, a decline in open interest of about 35%, and competition from dYdX and GMX.
4. Clearpool (CPOOL) – on-chain lending for institutions
– about −61%
– a fall in demand for uncollateralized loans, rising credit risks and an outflow of liquidity from the pools of almost 45%.
5. Synthetix (SNX) – synthetic assets and perps
– −60% over the month
– a reduction in trading activity on Synthetix Perps of almost 38%, a 27% fall in protocol revenue and the exit of market makers.
6. Story Protocol (IP) – tokenization of intellectual property
– about −58.5%
– a cooling of the hype around Web3 IP and a drop in activity in issuing content tokens of about 50%.
7. Metaplex (MPLX) – NFT infrastructure on Solana
– about −58%
– a drop in NFT volumes on Solana of about 32%; controversial tokenomics and discussions about fees increased pressure on the token.
8. Jito (JTO) – liquid staking on Solana
– about −58%
– a decline in staking yield (from ~8.1% to ~6.4% annually) and stronger competition from other LST protocols.
9. Drift (DRIFT) – derivatives DEX on Solana
– about −57%
– a reduction in derivatives volumes on Solana of about 35%, and liquidation of leveraged positions.
10. Pixelverse (PIXFI) – Web3 game
– about −97% over the month
– a collapse of in-game transactions by more than 90% and the failure of the roadmap update effectively wiped out the project's capitalization.
Pintu's overall conclusion: the vast majority of altcoins lost more than 50% over 30 days in November, and risks in the segment of low-liquidity and micro-cap projects have risen sharply.