BREAKING: MimbleWimbleCoin Crashes 16.6% to $16.10 in 24 Hours
MimbleWimbleCoin (MWC) is experiencing a significant price correction, plunging 16.6% to $16.10 in the past 24 hours as the privacy-focused cryptocurrency faces intensifying selling pressure.
The sharp decline has erased approximately $36.2 million from MWC’s market capitalization, which now stands at $177.1 million, dropping the asset to rank #192 among all cryptocurrencies.
Price Action Details
MWC traded at a 24-hour high of $19.41 before tumbling to its current level of $16.10, marking an intraday low of $16.11. The cryptocurrency has declined 11.9% in just the past hour, suggesting accelerated selling momentum.
Trading volume remains relatively modest at $129,995 over the past 24 hours, indicating the selloff may be driven by limited liquidity rather than mass capitulation.
Extended Downtrend
The latest crash extends MWC’s broader downtrend. The privacy coin has fallen:
- 22.7% over the past 7 days
- 30.1% over the past 30 days
- 56.1% from its all-time high of $38.81 reached on January 31, 2025
Despite the recent losses, MWC remains significantly above its all-time low of $0.30 recorded in December 2019, representing a gain of over 5,600% from that bottom.
Market Context
MimbleWimbleCoin implements the MimbleWimble protocol, designed to enhance privacy and scalability in cryptocurrency transactions. The protocol has gained attention for its strong privacy features, though privacy coins have faced regulatory scrutiny in various jurisdictions.
With a circulating supply of 11 million MWC out of a maximum supply of 20 million tokens, approximately 55% of the total token supply has been released to the market.
The fully diluted valuation stands at $177.2 million, nearly identical to the current market cap, indicating minimal discount for future token emissions.
What’s Next?
Traders will be watching whether MWC can find support at current levels or if the selling pressure continues. The cryptocurrency’s ranking has slipped as larger-cap assets maintain relative strength during this correction.
Market participants should monitor trading volume for signs of capitulation or accumulation at these reduced price levels.
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