Private tokens sharply decline as weekly losses hit double digits

Privacy-focused cryptocurrencies collectively plummeted last week, with most recording double-digit declines amid ongoing weakness in the crypto market.

According to data from CryptoRank and CoinMarketCap, the privacy coin group underperformed Bitcoin and some large-cap altcoins last week as selling pressure intensified on assets emphasizing anonymity and transaction security.

Monero Leads the Decline

Monero (XMR), the largest privacy coin by market capitalization, experienced the deepest decline among major tokens. Over the past seven days, XMR lost about 28% of its value, currently trading around $508. Despite a slight recovery during the day, the weekly performance remains clearly negative.

Source: CryptoRankMonero’s market cap now stands at approximately $9.35 billion, with a 24-hour trading volume of nearly $143 million, reflecting a prolonged distribution trend rather than just short-term volatility.

Dash, Decred, and Zcash Continue Under Selling Pressure

Dash (DASH) decreased by 17%–21% during the week, trading around $64, while Decred (DCR) also lost about 21%, now at $20. Both show limited recovery efforts, with the seven-day chart still trending downward.

Zcash (ZEC) recorded a smaller but still significant decline of about 13% over seven days, trading around $365. Although ZEC shows better short-term stability compared to others, the overall weekly trend remains bearish.

Small and Mid-Cap Privacy Tokens Also Not Immune to Downtrend

Mid- and small-cap privacy coins also suffered from the overall market decline. Horizen (ZEN) fell nearly 18%, while Zano (ZANO) lost about 11% of its value last week.

Source: CoinGeckoBeldex (BDX) is among the few coins with better performance, only decreasing about 4% over seven days.

Overall, short-term recoveries are insufficient to offset the prolonged declines, indicating that selling pressure still dominates across the entire privacy crypto segment.

Widespread Decline Reflects Cautious Market Sentiment

The collective drop of privacy coins indicates a defensive, risk-averse market sentiment rather than factors intrinsic to individual assets.

Although there are slight recoveries during the day, seven-day performance data shows the downward trend persists across this segment.

With most privacy tokens currently trading well below recent highs, the short-term outlook for this segment seems primarily dependent on overall market psychology rather than individual fundamentals of each coin.