- LOOKS lost 78% in November 2025 as NFT trading volume fell over 40%.
- PERP dropped 65.87% amid declining liquidity and Total Value Locked within the protocol.
- DEEP fell forty eight.82% as trading exercise and orderbook usage across DEXs decreased very a lot.
Only within the near past, the worth of Bitcoin plummeted to $86K. Following the loss, some altcoins saw sharp declines that left traders pissed off. The market’s consideration shifted toward Bitcoin, lowering liquidity and exercise in smaller tokens. Some projects confronted declining passion no subject solid fundamentals or modern products. Listed right here, we stumble upon three altcoins that crashed whereas Bitcoin soared, examining why their efficiency lagged and how market traits influenced their losses.
LooksRare (LOOKS)
LooksRare earned consideration as a community-centered NFT market. The platform rewarded customers with a fraction of earnings fixed with trading exercise, giving it an edge over competitors esteem OpenSea in 2022. Nonetheless, the NFT market cooled sharply after the preliminary boost, and LOOKS struggled to retain momentum. In November 2025, the token lost a staggering 78% of its mark.
This fall coincided with a 40% decline in NFT trading volume on the platform, exhibiting that put a question to had weakened very a lot. Total market capitalization fell some distance beneath previous highs, highlighting how dependent the token remained on person exercise and NFT recognition. Traders who anticipated a rebound at some level of Bitcoin’s rally found themselves facing heavy losses.
Perpetual Protocol (PERP)
Perpetual Protocol allows customers to change crypto assets with leverage thru perpetual futures. The platform uses a in actual fact excellent AMM model to be definite that liquidity for derivatives contracts. Despite being a serious DeFi participant, PERP confronted force from tightening global liquidity. In the past month, the token dropped 65.87%, reflecting declining self assurance within the derivatives ecosystem.
Total Value Locked (TVL) also fell extra than 30%, indicating decreased exercise and funds within the protocol. Traders who relied on PERP’s liquidity found positions more durable to manage at some level of Bitcoin’s upward swing. Even precise technology and a solid person defective could no longer offset the market-huge pullback in trading exercise.
DeepBook Protocol (DEEP)
DeepBook Protocol provides institutional-grade liquidity for decentralized trading networks. The mission targets to be the backbone for DEX aggregators and other DeFi purposes. Nonetheless, the broader receive market decreased dwelling and derivatives trading volumes, negatively affecting DEEP. In November 2025, the token fell forty eight.82%.
The fall coincided with a 20% decline in orderbook usage across quite a bit of decentralized exchanges. Reduced trading exercise and weaker put a question to slowed adoption, leaving the token susceptible. Even although DeepBook provides precious infrastructure, the market situations steer clear off it from holding mark.
Bitcoin’s surge to $86,000 confirmed the strength of well-known cryptocurrencies, but smaller tokens confronted well-known challenges. LOOKS, PERP, and DEEP all experienced steep declines no subject solid projects and exercise conditions. Market liquidity, trading volume, and total investor passion at this time influenced their losses. For traders, these tokens illustrate the hazards of investing in altcoins at some level of sessions of Bitcoin dominance. Restoration could simply take time, and careful monitoring of market traits is important.
