Solar (SXP) experienced a sharp 13.02% decline over 24 hours on the Binance spot market, with its price dropping from a high of approximately $0.0666 to a low near $0.0608. The token's thin order book amplified the downward pressure, creating heightened volatility. By midday, SXP had settled in a range of $0.064–$0.065, indicating continued seller control without full capitulation. At the time of reporting, SXP traded at $0.0612 with a market capitalization of $40.7 million.
In contrast, Trust Wallet Token (TWT) staged a notable 10.5% rebound from its daily low, driven by spot buyers defending wallet-linked exposure. Despite this intraday bounce, TWT remained down approximately 6% for the day and has suffered significant longer-term declines: 27% over the past month and over 36% in the last three months. The token's fundamentals face pressure from a recent security scare related to a Chrome extension issue and ongoing profit-taking by holders.
The volatility extended to several other altcoins, including API3, ACA, BIFI, and LAYER. These tokens displayed classic "wick up then fade" patterns, spiking to intraday highs before selling off sharply, resulting in 24-hour losses ranging from 10.53% to over 20%. This behavior is characteristic of exit-liquidity movements in a low-volume market.
The market outlook suggests a challenging environment for altcoins as Bitcoin dominance is expected to hold or strengthen into the New Year. Large inflows into Bitcoin ETFs and year-end portfolio positioning are driving capital toward major coins, potentially putting underperformers like SXP and TWT at a disadvantage in BTC pairs. Analysts note that while TWT could see a short-term squeeze of 10–15% in USD terms by December 31, this would likely only stabilize the token rather than reverse its broader underperformance unless Bitcoin itself stalls or corrects.
