Gate.io News Bot Message, January 3, 2026. According to CoinMarketCap market data, the overall cryptocurrency market has experienced a correction, with some major coins undergoing technical pullbacks. The following are the top five cryptocurrencies by decline over the past 24 hours:
1️⃣ ZEC (Zcash)
📉 Current Price: $496.18 | Decline: -5.81%
📊 24H High/Low: $532.85 / $482.11 | Market Cap: $8.171 billion
⚠️ ZEC entered a technical correction phase after a surge of 80% in December. Although it attracted significant derivatives trading in the short term (24H trading volume once reached $2.9 billion), the price retreated from a high of $550 amid profit-taking and continued short selling (max short position of $20 million). Market divergence on Q1 2026 outlook has increased, and cautious investor sentiment has led to the current adjustment.
2️⃣ LEO (UNUS SED LEO)
📉 Current Price: $9.23 | Decline: -3.79%
📊 24H High/Low: $9.67 / $9.24 | Market Cap: $8.513 billion
⚠️ As an exchange governance token, LEO is affected by the overall market correction. The moderate decline mainly results from risk asset reallocation driven by the broader market adjustment.
3️⃣ M (MemeCore)
📉 Current Price: $1.52 | Decline: -1.67%
📊 24H High/Low: $1.56 / $1.44 | Market Cap: $1.906 billion
⚠️ MemeCore’s limited decline reflects the relative resilience of the Meme coin sector. However, market data shows that overall Meme coin performance in 2025 was under pressure, with over 88% of projects trading below their issuance price, indicating decreased risk appetite among investors.
4️⃣ CC (Canton)
📉 Current Price: $0.14 | Decline: -1.39%
📊 24H High/Low: $0.16 / $0.14 | Market Cap: $5.523 billion
⚠️ Canton recently rose due to SEC recognition of DTCC bond tokenization, and the current slight pullback is a technical correction. Despite policy support, some investors are taking profits in stages, causing short-term price pressure.
5️⃣ PAXG (PAX Gold)
📉 Current Price: $4340.53 | Decline: -0.27%
📊 24H High/Low: $4407.81 / $4325.70 | Market Cap: $1.619 billion
⚠️ PAXG, as a gold tokenization product, shows minimal and relatively stable decline. The precious metals sector remains strong, supported by dollar depreciation expectations and geopolitical risks, which sustain gold allocation demand.
📉 Market Summary
The current market is in a phased correction. Highly speculative coins like ZEC are under significant pressure, while safe-haven assets like PAXG are holding steady. Main factors driving the correction include: (1) Profit-taking pressure on high-gain coins like ZEC; (2) Continued short selling, especially by large short address holdings; (3) Large-scale withdrawals from exchanges (ZEC saw about $13 million in withdrawals in the past 12 hours), indicating rising risk aversion; (4) Reallocation of risk assets and decreased risk appetite among investors.
⚠️ Risk Warning
Investors should be aware of the following risks: The short positions on high-volatility coins like ZEC have reached $163 million, posing a risk of chain reactions triggered by extreme market moves; Over 88% of Meme projects are at a loss, making blindly chasing high-risk extremely dangerous; Market sentiment has shifted from greed to caution, with large funds flowing out of exchanges. Caution is advised, and risk exposure should be controlled. This message is not investment advice; market volatility risks should be carefully considered.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
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