Market Report: Top 5 cryptocurrencies by decline on February 3, 2026, with Zcash experiencing the largest drop.

Gate.io News Bot Message, February 3, 2026. According to CoinMarketCap market data, the overall cryptocurrency market is showing a correction trend, with privacy coins and Solana ecosystem tokens under significant pressure, and market risk sentiment has increased. The following are the top five cryptocurrencies with the largest declines in the past 24 hours:

1️⃣ ZEC (Zcash) 📉 Current Price: $284.41 | Decline: -8.17% 📊 24H High/Low: $308.52 / $283.87 | Market Cap: $4.698 billion ⚠️ After the Zcash Foundation released its strategic priorities for 2026, market opinions on its development direction have become divided. Meanwhile, the largest ZEC short position was recently reopened with approximately $1.1 million in size, and large short positions may intensify bearish sentiment. The upward momentum driven by perpetual contracts is waning, and leverage concentration risks are gradually being released.

2️⃣ PUMP (Pump.fun) 📉 Current Price: $0.23 | Decline: -7.11% 📊 24H High/Low: $0.25 / $0.23 | Market Cap: $839 million ⚠️ Pump.fun platform and Solana Foundation face collective lawsuit risks, involving allegations of insider trading and opaque token issuance, raising concerns about compliance and trust. Although the platform’s daily active addresses have hit a new high of over 300,000, the lawsuit cloud has suppressed investor sentiment, and sector risk is clearly rising.

3️⃣ XMR (Monero) 📉 Current Price: $387.87 | Decline: -5.33% 📊 24H High/Low: $413.41 / $381.17 | Market Cap: $7.155 billion ⚠️ Privacy coin Monero faces significant selling pressure, with on-chain data showing large short positions continuously increasing. Major whales like “2000万波段猎手” are shorting XMR with high leverage, with unrealized gains reaching millions of dollars, creating a strong bearish atmosphere and technical pressure.

4️⃣ WLFI (World Liberty Financial) 📉 Current Price: $0.12 | Decline: -4.86% 📊 24H High/Low: $0.13 / $0.12 | Market Cap: $3.432 billion ⚠️ World Liberty Financial experienced a mild correction, with market attention to its fundamentals waning. The platform’s advisors have been active but have not effectively boosted WLFI’s price, reflecting cautious investor sentiment regarding the project’s future prospects.

5️⃣ IP (Story) 📉 Current Price: $1.42 | Decline: -3.50% 📊 24H High/Low: $1.52 / $1.37 | Market Cap: $498 million ⚠️ The Story token has seen slight adjustments. Although Sony Innovation Fund’s additional $13 million investment in the ecosystem partner Startale Group demonstrates confidence in the ecosystem, this positive news has not effectively supported IP’s price. The market is more focused on the divergence between DeFi and derivatives sectors, leading to Story’s relative marginalization.

📉 Market Summary and Risk Warning

The current market shows structural divergence: privacy coins are under concentrated short selling pressure, Solana ecosystem faces compliance risks, large short positions continue to be laid out, among other factors, resulting in noticeable corrections across multiple tokens. Notably, the increasing scale of large short positions aligns with rising bearish sentiment, indicating the market may enter a deeper correction phase.

Important Risk Warnings:

• Privacy coins face long-term regulatory and compliance uncertainties
• Derivatives market leverage concentration may trigger sharp volatility
• Legal litigation risks directly impact ecosystem confidence
• Large short positions may further intensify downward pressure

Investors should carefully assess risk exposure, avoid chasing dips, and focus on fundamental market changes rather than short-term fluctuations. This message is not investment advice; please be aware of market volatility risks.