Major Gaming Tokens Suffer Double-Digit Losses in 24 Hours

ChainPlay

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9 hours ago

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Sharp Decline in Leading Blockchain Gaming Tokens

The Sandbox, Gala Games, and Immutable are linked to popular blockchain gaming assets that have suffered, falling at least 15% in the past day. A larger slump in Bitcoin and other significant cryptocurrency assets preceded this one. In a single day, the gaming token category saw one of the greatest declines in CoinGecko rankings, dropping 17%. The entire cryptocurrency market, by contrast, fell by almost 7%.

Immutable's token, IMX, dropped 16% and is currently worth $0.82. While GALA fell over 17% to $0.022, The Sandbox (SAND) fell about 15% to $0.39.  Although these tokens showed some recovery in the last couple of hours, earlier in the day, their losses had reached at least 22%. This precipitous drop emphasizes how volatile gaming tokens are frequently.

Source: X

President Donald Trump's tariff pronouncements over the weekend sparked a selloff in the overall market. "There may be some pain" for Americans, he wrote in a Truth Social post. The cryptocurrency markets appeared to be affected by that mood, as CoinGlass registered liquidations totaling more than $2.3 billion. According to Ben Zhou, CEO of ByBit, the overall liquidations may amount to $8–10 billion.

Ethereum’s Decline and Its Ripple Effect

Ethereum took one of the hardest hits among major crypto assets, dropping about 13% over the past 24 hours. However, top gaming tokens experienced even sharper declines. Their tendency for wild price swings, similar to meme coins, makes them more susceptible to market volatility. Many gaming tokens are linked to Ethereum and its sidechains or layer-2 networks, which may have amplified their losses.

Source: X

Other notable gaming tokens, such as Ronin’s RON token and AXS (Axie Infinity’s native token), both fell by more than 12% in the last 24 hours. Every gaming token within the top 400 cryptocurrencies ranked by market cap is in the red. Most have posted double-digit percentage losses over the past day, underscoring the widespread impact of this market downturn.

Final Thoughts

The decline in blockchain gaming tokens reflects the larger volatility affecting the crypto market. External economic factors, like tariff announcements, continue to influence investor sentiment. While some tokens have shown minor rebounds, the overall trend points to uncertainty. This serves as a reminder of the risks involved in crypto investments, especially within highly volatile categories like gaming tokens.