Market Report: Top 5 cryptocurrencies by decline on January 16, 2026, with the largest drop being Story

GateNewsBot
IP1,8%
LIT1,13%
FIL4,65%
IMX8,11%

Gate.io News Bot Message, January 16, 2026. According to CoinMarketCap market data, the cryptocurrency market has experienced a broad correction, with several mainstream coins giving back recent gains. Against the backdrop of cautious market sentiment, some tokens that previously surged strongly are facing significant pullbacks. The following are the top five cryptocurrencies with the largest declines in the past 24 hours:

1️⃣ IP (Story)
📉 Current Price: $2.55 | Decline: -12.38%
📊 24H High/Low: $2.93 / $2.35 | Market Cap: $891 million
⚠️ Although Story recently rebounded from $1.50 to over $3.00, a 100% increase, this rally was mainly driven by regional demand from the Korean market and lacked synchronized global expansion. The current correction may reflect short-term profit-taking, with market structural divergences gradually becoming apparent.

2️⃣ LIT (Lighter)
📉 Current Price: $1.84 | Decline: -11.11%
📊 24H High/Low: $2.14 / $1.77 | Market Cap: $460 million
⚠️ Since its TGE launch at the end of December 2025, Lighter reached a high of $7.86 and has now fallen over 70%. Negative factors such as whale long positions being liquidated and low financing levels have been released, leading to a冷 market sentiment, with trading volume down 64% from peak. After key support was broken, buying interest significantly weakened.

3️⃣ FIL (Filecoin)
📉 Current Price: $1.50 | Decline: -7.82%
📊 24H High/Low: $1.59 / $1.47 | Market Cap: $1.107 billion
⚠️ Filecoin’s decline has been relatively mild, mainly affected by the overall market correction. No obvious technical negative signals have appeared, and the short-term volatility more reflects market sentiment.

4️⃣ IMX (Immutable)
📉 Current Price: $0.26 | Decline: -7.06%
📊 24H High/Low: $0.28 / $0.26 | Market Cap: $524 million
⚠️ Immutable’s decline is consistent with the market average, representing a general correction without any specific negative event driving it.

5️⃣ MYX (MYX Finance)
📉 Current Price: $5.42 | Decline: -7.06%
📊 24H High/Low: $5.90 / $5.42 | Market Cap: $1.365 billion
⚠️ MYX Finance’s decline mirrors that of IMX, both reflecting a broad market adjustment and a decline in overall risk appetite.

📉 Market Summary: The current market shows a broad correction trend, with the largest declines seen in Story and Lighter, both facing structural pressures—Story’s Korean market push is limited, and Lighter faces continued selling pressure after TGE. Overall, the market has shifted from previous euphoric chasing to cautious observation, with risk assets under significant pressure. ⚠️ Risk Reminder: Cryptocurrency markets are highly volatile, and price corrections may accelerate. Investors should carefully assess their risk tolerance and avoid blindly chasing highs or panicking to buy the dip. Those holding leveraged positions should pay special attention to liquidation risks and implement proper risk management.

This message is not investment advice. Investors should be aware of market volatility risks.

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