SXP falls 13%, while TWT rebounds 10%, while API3, ACA, BIFI and LAYER all fade from the highs in a thin Binance sniper-style spotting session.
Summary
- SXP fell 13.02% in 24 hours on Binance spot, with a thin order book amplifying the move.
- TWT rebounded 10.5% from the daily low, with spot buyers defending the portfolio-related exposure.
- API3, ACA, BIFI and LAYER all spiked and then sold off, with losses of 10 to 20% in a shallow market with exit liquidity.
When a midcap payment token dumps 13% per day while a wallet token rips 10% off the mat, something has broken in the usual altcoin rotation rhythm. According to Binance’s spot market data, Solar’s SXP fell 13.02% in 24 hours, while Trust Wallet Token (TWT) rose 10.5% after a clear recovery from intraday lows. Beneath 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 over 20%.
API3, ACA, BIFI and LAYER all printed intraday structures that were ‘wick up then fade’, ending 10-20% below their highs, which is typical exit liquidity behavior in a market turning back towards majors.
- Binance spot shows a 24-hour high around 0.0666 USDT and a low around 0.0608 USDT, so roughly an intraday range of 9-10%, which is elevated but not extreme for a small-cap.
- Directionally, the SXP is down a few percent on the major trackers over the past 24 hours, consistent with a sharp sell-off rather than a sharp liquidation move.
- The current spot price is hovering around 0.064-0.065 USDT, putting it in the lower half of the daily range, indicating that sellers are in control but have not capitulated yet.
SXP is selling in USD after a 13% daily dump in the thin Binance spotbooks, which usually translates into underperformance against a strong BTC backdrop.
TWT starts with care every 24 hours
TWT is hit by security risks and profit taking: short-term sentiment is bearish after a Chrome extension exploit, despite decent fundamentals and new energy plans.
Spot is trading around $0.78-0.80 on some trackers, down about 6% on the day and about 27% in the past month.
Over three months, the stock is down more than 36%, and down about 36% year-on-year, which is a clear medium-term bearish structure.
TWT is up over 10% intraday in USD, but continues to fall sharply over the 1- and 3-month horizons, so the spike looks more like a short-covering/mean-reversion move than structural strength.
New Year’s Eve Outlook (vs. BTC)
- Base case: BTC dominance holds or moves higher into the new year as macro flows remain focused on Bitcoin ETFs and year-end positioning, causing SXP, TWT, and the rest of this basket to underperform BTC pairs.
- Tactical exception: TWT may push higher in the near term thanks to the forecast 10-15% USD upside on December 31, but unless BTC stalls or corrects, even that move will likely only stabilize BTC’s underperformance, not reverse it.
