Market Report: Top 5 cryptocurrencies by decline on January 31, 2026, with the largest drop being River

Gate.io News Bot Message, January 31, 2026. According to CoinMarketCap market data, the overall cryptocurrency market is showing a correction trend, with several tokens experiencing significant pullbacks. The following are the top five tokens with the largest declines in the past 24 hours:

1️⃣ RIVER (River) 📉 Current Price: $35.10 | Decline: -21.38% 📊 24H High/Low: $46.33 / $34.25 | Market Cap: $688,122,978.29 ⚠️ After experiencing nearly 500% surge since the beginning of the year, with the price once reaching a historical high of $87.73, RIVER has undergone a technical correction. On-chain risks have emerged, large fund adjustments have put short-term support under pressure, and market profit-taking is concentrated.

2️⃣ ZRO (LayerZero) 📉 Current Price: $1.81 | Decline: -12.40% 📊 24H High/Low: $2.10 / $1.81 | Market Cap: $538,457,961.61 ⚠️ Despite WLFI advisorogle continuously increasing ZRO long positions to 750,000 tokens, large fund flows are frequent, with 7.5 million ZRO transferred out from Wintermute worth $17.1 million. Market sentiment is divided, with bulls and bears battling.

3️⃣ IP (Story) 📉 Current Price: $1.73 | Decline: -8.32% 📊 24H High/Low: $1.93 / $1.73 | Market Cap: $607,343,594.64 ⚠️ Amid market adjustments, the Story sector has pulled back. Although Sony Innovation Fund’s additional $13 million investment in Startale Group is positive news, recent market risk appetite has declined, and funds are temporarily shifting to risk aversion.

4️⃣ M (MemeCore) 📉 Current Price: $1.39 | Decline: -8.14% 📊 24H High/Low: $1.52 / $1.39 | Market Cap: $1,756,321,040.81 ⚠️ The Federal Reserve’s hawkish stance, ongoing inflation concerns, and tightening liquidity expectations have pressured risk assets. Under the strengthening US dollar index, the Meme sector, as a high-risk asset class, has experienced a correction.

5️⃣ DASH (Dash) 📉 Current Price: $50.09 | Decline: -5.45% 📊 24H High/Low: $53.13 / $50.02 | Market Cap: $630,002,549.24 ⚠️ On-chain counterparties continue to increase short positions, with DASH’s maximum short-term unrealized gains reaching $1.35 million. There is a clear dominance of short-selling forces, exerting significant downward pressure in the short term.

📉 Market Summary: The current cryptocurrency market is experiencing a structural correction. On a macro level, the Federal Reserve’s policy remains hawkish, and inflation concerns are rising. On a micro level, large fund flows and on-chain counterparties are influencing market movements. Investors should closely monitor the Federal Reserve chair appointment, the US dollar trend, and macroeconomic data. Caution is advised, and risk management is recommended.

⚠️ Risk Warning: This message is for informational purposes only and does not constitute investment advice. Cryptocurrency markets are highly volatile. Investors should carefully assess their risk tolerance, avoid blindly chasing highs or bottom-fishing, and be aware of systemic market risks.