November 30, 2025 — The cryptocurrency market faced a widespread cooldown on Friday, with aggregated market capitalization slipping by 1.6% over the last 24 hours. While the broader market shows signs of stagnation, major altcoins—specifically Toncoin (TON), Cardano (ADA), and Solana (SOL)—have absorbed the heaviest selling pressure, ranking among the day’s worst performers in the top 50 assets.
Major Altcoins Slide
Solana (SOL) led the decline among the major players, dropping 3.8% overnight. The dip pushed its price down to $137, resulting in a shift in the market hierarchy as USDC, a stablecoin, surpassed Solana to become the fifth-largest cryptocurrency by market capitalization.
Cardano (ADA) also faced significant headwinds, shedding 3.2% of its value to trade at $0.4189. The decline brought its total market capitalization down to approximately $15.2 billion.
Toncoin (TON), the native token associated with the Telegram ecosystem, was not immune to the bearish sentiment. The asset fell by 2.8%, landing at a price of $1.59. Analysts note that TON is currently hovering precariously close to dropping out of the top 40 assets by market cap if current trends persist.
Broader Market Context
The stagnation was not limited to these three assets. The two market leaders, Bitcoin (BTC) and Ethereum (ETH), also posted losses, though they demonstrated slightly more resilience than the mid-cap altcoins. Both BTC and ETH were down approximately 2%, with Ethereum struggling to maintain support above the psychological $3,000 level. Bitcoin was trading around $90,900, with its market cap holding at $1.81 trillion following the liquidation of $40 million in long positions.
Meme Coins and Outliers
The “meme coin” sector also took a hit, with heavyweights Dogecoin (DOGE) and Shiba Inu (SHIB) seeing sharp corrections. Dogecoin fell 3.8%, dipping below $0.15, while Shiba Inu dropped 4.5% to $0.000008503.
Despite the sea of red, a few assets managed to buck the trend. Memecore (M), Sky (SKY), and Quant (QNT) were identified as some of the few cryptocurrencies trading in the green, offering a rare bright spot for investors in a mostly stagnant market.
Market Outlook
The synchronized decline across diverse sectors—from Layer 1 blockchains like Solana and Cardano to utility tokens like Toncoin—suggests a broader market correction rather than isolated ecosystem-specific issues. Traders and analysts will be watching closely to see if key support levels, such as Ethereum’s $3,000 mark and Solana’s recent lows, can hold as the market enters the weekend.
