Hello Downtober? In one of its most brutal crashes to date, Bitcoin plummeted from $121,600 to $105,000 in seven days, a 14% decline due to new Trump tariffs, concerns on U.S regional bank loans , macroeconomic headwinds, and extreme fear that has pushed short sellers to pile in . And also, probably a whole lot …
Web3 Gaming Tokens Plummet Following Trump’s Market Impact
Hello Downtober? In one of its most brutal crashes to date, Bitcoin plummeted from $121,600 to $105,000 in seven days, a 14% decline due to new Trump tariffs,
concerns on U.S regional bank loans
,
macroeconomic headwinds, and extreme fear
that has
pushed short sellers to pile in
. And also, probably a whole lot of other nefarious behavior.
concerns on U.S regional bank loans
,
macroeconomic headwinds, and extreme fear
that has
pushed short sellers to pile in
. And also, probably a whole lot of other nefarious behavior.
No surprise then that
GameFi
, often treated like the red-headed stepchild of crypto, saw its leading tokens suffer big losses. Should we just sit back and watch our beloved tokens bleed out, or
BTFD
?
GameFi
, often treated like the red-headed stepchild of crypto, saw its leading tokens suffer big losses. Should we just sit back and watch our beloved tokens bleed out, or
BTFD
?
As any multi-cycle veteran can tell you, things can get worse, so be careful not to catch a
falling knife
! Are we close to the bottom, or does the market slide continue as degens take a post-mortem of last Friday’s crazy market crash?
falling knife
! Are we close to the bottom, or does the market slide continue as degens take a post-mortem of last Friday’s crazy market crash?
Nobody really knows. So let’s just focus on what we do know. The sector is continuing to expand. Here are the key developments that shaped
Web3
gaming this week.
Web3
gaming this week.
- TOKYO BEAST is making a comeback after a full rebuild, turning past failures into fuel for innovation. The team now focuses on real utility and legal betting, setting the stage for a bold new era in Web3 gaming.
-
Seascape is taking GameFi finance to the next level with its first
tokenized BNB treasury
. Backed by 100 BNB and 1,000,000 CWS, the move cements its push toward a scalable, player-driven gaming economy built for long-term growth.
-
Eve Frontier is
moving from the Ethereum-based Redstone network to Sui
, driven by a shared vision for the future of virtual worlds. CCP Games says the switch isn’t about funding but a deeper alignment on how player-driven gaming should evolve.
GameFi Sector Review
The Web3 gaming sector’s
market cap
nosedived 28% to $13 billion, while trading volume took the same route.
market cap
nosedived 28% to $13 billion, while trading volume took the same route.
Source:
CoinMarketCap
CoinMarketCap
It comes as no surprise that the
Altcoin
Season Index has fallen from 46 to 26, with
Bitcoin dominance
rising to 59%.
Altcoin
Season Index has fallen from 46 to 26, with
Bitcoin dominance
rising to 59%.
Source:
CoinMarketCap
CoinMarketCap
Top Gainers
-
Mythos (MYTH)
: +29.34% -
OVERTAKE (TAKE)
: +22% -
Space Nation Oikos (OIK)
: +20.93% -
Yooldo (ESPORTS)
: +13.64% -
AriaAI (ARIA)
: +8.11%
Top Decliners
-
FUNToken (FUN)
: -50.8% -
Notcoin (NOT)
: -48.42% -
FreeStyle Classic (FST)
: -42.53% -
Kadena (KDA)
: -42.04% -
ECOMI (OMI)
: -40.31%
Source:
CoinMarketCap
CoinMarketCap
GameFi climbed from 11th to 7th on DeFiLlama’s narrative tracker, indicating that other sectors have been hit hard by the current correction.
Source:
DeFiLlama
DeFiLlama
Web3 Gaming News This Week
SANDchain Ignites the Creator Economy
SANDchain’s testnet is live, bringing new financial tools for creators, fans, and communities worldwide. Dive in and join the testnet campaign shaping the next wave of creator-powered GameFi.
Founder Simulator Launches NFT Collection
Founder Simulator is
launching its first Founder Pass collection of just 555 NFTs
, offering perks like early game access, $FDR airdrops, and free future mints. Over 15,000 wallets have been whitelisted.
launching its first Founder Pass collection of just 555 NFTs
, offering perks like early game access, $FDR airdrops, and free future mints. Over 15,000 wallets have been whitelisted.
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