SXP slides 13% while TWT rebounds 10%, as API3, ACA, BIFI, and LAYER all fade from highs in a thin, sniper‑style Binance spot session.
Summary
When a mid‑cap payments token dumps 13% in a day while a wallet token rips 10% off the mat, something has broken in the usual altcoin rotation rhythm. According to Binance spot market data, Solar’s SXP fell 13.02% over 24 hours, while Trust Wallet Token (TWT) gained 10.5% after staging a clean rebound from its intraday low. Under the surface, the tape looked even stranger: API3, ACA, BIFI, and LAYER all printed the same “high then low” intraday profile, with 24‑hour losses ranging from 10.53% to more than 20%.
API3, ACA, BIFI, and LAYER all printed “wick up then fade” intraday structures, ending 10–20% off their highs, which is typical exit-liquidity behavior in a market rotating back to majors.
- Binance spot shows a 24h high around 0.0666 USDT and a low near 0.0608 USDT, so roughly a 9–10% intraday range, which is elevated but not extreme for a small-cap.
- Directionally, SXP is down a few percent over the last 24 hours on major trackers, aligning with a grinding sell‑off rather than a sharp liquidation move.
- The current spot price hovering near 0.064–0.065 USDT places it in the lower half of the day’s range, which signals sellers in control but no capitulation wick yet.
SXP is selling off in USD terms after a 13% daily dump in thin Binance spot books, which usually translates into underperformance versus a strong BTC backdrop.
TWT starts tending on the 24h
TWT is getting hit by a security scare plus profit-taking: short term sentiment is bearish after a Chrome extension exploit, despite decent fundamentals and new utility plans.
Spot is trading around the 0.78–0.80 dollar area on some trackers, down roughly 6% on the day and about 27% over the last month.
Over 3 months it is down more than 36%, and about 36% year-on-year, which is a clear bearish medium-term structure.
TWT just bounced over 10% intraday in USD, but remains down sharply on 1‑ and 3‑month horizons, so the spike looks more like a short-covering/mean-reversion move than structural strength.
Outlook into New Year’s Eve (relative to BTC)
- Base case: BTC dominance either holds or grinds higher into New Year’s as macro flows stay focused on Bitcoin ETFs and year-end positioning, keeping SXP, TWT, and the rest of this basket underperforming on BTC pairs.
- Tactical exception: TWT can squeeze higher short term on the back of forecasted 10–15% USD upside into Dec. 31, but unless BTC stalls or corrects, even that move likely only stabilizes, not reverses, its BTC underperformance.