March hasn’t been kind to crypto. Nearly 60 of the top 100 coins saw double-digit losses, and it’s hard not to blame the worsening trade war and the economic worries that come with it. As new tariffs loom, not even traditional stock markets could dodge the pressure — and crypto, unsurprisingly, followed.
But some altcoins didn’t just fall. They crashed. While the general crypto market cap dropped around 5%, these three coins from the top 100 collapsed way beyond that. Let’s take a closer look at what went wrong.
Table of Contents
Hyperliquid (HYPE): -38%
Hyperliquid had been holding up pretty acceptable for most of March – until everything exploded in the final week. A sudden exploit involving a project called JellyJelly nearly cost Hyperliquid millions. The team managed to stop the bleeding just in time, but the damage wasn’t just financial. It was emotional.
The issue wasn’t just the exploit itself, but how the team responded. In an effort to prevent further losses, they shut down the market and manually overrode the oracle. This let them close their positions at a more favourable price – a move that was great for them, but didn’t sit well with the wider crypto crowd. Critics quickly pointed out that this kind of emergency action undermines the whole idea of decentralization. Bitget’s CEO even took to X (formerly Twitter) to criticize the decision:
For a protocol that built its name on speed and fairness, this kind of damage can take a while to repair. Prices fell 25% over the last week – and they haven’t bounced back.
We explained the JELLYJELLY exploit in detail in this article.
JasmyCoin (JASMY): -40%
Unlike Hyperliquid, there wasn’t one dramatic headline behind Jasmy’s March losses. It just kept falling -quietly, steadily, and painfully. By the end of the month, JASMY was down 40%. But the bigger picture is even worse. Since peaking in early December near $0.60, the coin has lost over 80% of its value.
Despite consistent development and new updates, JasmyCoin hasn’t shown much life. Our technical analysis revealed strong bearish sentiment, and even small price recoveries have been short-lived. After months of red candles, many holders seem to start losing hope.
Read also: JasmyCoin (JASMY) Down 42% In a Month – Can It Recover?
Pi Network (PI): -68%
Pi Network’s crash is brutal. Just a few weeks ago, PI was reaching new highs, trading near $3 after years of hype, anticipation, and promises about making mobile crypto mining mainstream. But at the time of this writing, PI is hovering just above $0.70. That’s a 68% drop in a single month – and the worst performance among the top 100.
It doesn’t help that Pi Network still isn’t listed on Binance or any other major exchanges, despite winning multiple community votes. Many early believers felt misled, while outsiders accused the project of being a scam.
To their credit, Pi still has one of the strongest and most dedicated communities in crypto. Some holders remain bullish, convinced that the long-term vision – and future listings – will eventually bring the price back. But with more unlocks coming in April, the short-term outlook isn’t looking good.
We analyze the reasons behind Pi Network’s downturn in this article.
What’s Next?
Let’s hope April brings some relief, both for those altcoins and broader crypto market. Historically, it’s been a stronger month for crypto.
But with new tariffs set to be announced in early April, even that seasonality might not be enough. For now, it seems that holders of HYPE, JASMY, and PI will have to wait a little longer for good news.
Read also: Biggest Losers in February 2025: A Brutal Month for Altcoins
