Market Report: On October 12, 2025, an overview of the top 5 Crypto Assets with the largest fall in value, with the biggest decline being Ethena.

Gate News Bot message, on October 12, 2025, according to CoinMarketCap market data, the crypto assets market has seen a significant adjustment, with several mainstream tokens experiencing a sharp fall. The following are the top five coins with the largest declines in the past 24 hours:

1️⃣ ENA (Ethena) 📉 Current Price: $0.35 | Fall: -22.38% 📊 24H High/Low: $0.45 / $0.34 | Market Cap: $2,533,824,800 ⚠️ Ethena has experienced severe market volatility, with the USDe stablecoin temporarily de-pegging to 0.66 USDT. Although the official reserve proof was released to address concerns and confirm over-collateralization, market confidence has still been impacted.

2️⃣ XPL (Plasma) 📉 Current Price: $0.37 | Fall: -22.24% 📊 24H High/Low: $0.49 / $0.36 | Market Cap: $675,452,370 ⚠️ The Plasma network has experienced a large-scale outflow of stablecoins, with approximately $996 million leaving the market. XPL has fallen below its issuance price, possibly related to the waning enthusiasm for Tether support.

3️⃣ MNT (Mantle) 📉 Current Price: $1.58 | Fall: -11.89% 📊 24H High/Low: $1.87 / $1.53 | Market Cap: $5,157,852,432 ⚠️ Mantle has seen a pullback after its previous rise, which may be due to short-term profit-taking. As a Layer 2 solution, its long-term development is still worth paying attention to.

4️⃣ PENGU (Pudgy Penguins) 📉 Current Price: $0.21 | Fall: -11.24% 📊 24H Highest/Lowest: $0.24 / $0.209 | Market Cap: $1,353,355,750 ⚠️ Pudgy Penguins as an NFT project Token, its price fluctuations may be influenced by the overall NFT market sentiment.

5️⃣ WLFI (World Liberty Financial) 📉 Current Price: $0.11 | Fall: -11.20% 📊 24H High/Low: $0.13 / $0.11 | Market Cap: $2,911,843,025 ⚠️ After a large amount of buying of WLFI related addresses at high positions, the market experienced a fall, resulting in a floating loss of over 30% for holders, which may raise concerns among investors.

📉 The market is showing a clear adjustment trend, mainly affected by the trust crisis of stablecoins and the decline in investors' risk appetite. The issues faced by Ethena and Plasma may trigger concerns about the stability of DeFi projects in the market. Investors should closely monitor market trends and cautiously assess the risks and development prospects of various projects.

This message is not intended as investment advice; investors should be aware of market volatility risks.