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Crypto 16 OCT 2026 · 22:20 ET

Celestia Spikes 20% as Crypto Market Sheds $93 Billion

While nearly every major coin bled red, one modular blockchain token bucked the trend in a big way.

Reporting by LoopWire
Celestia Spikes 20% as Crypto Market Sheds $93 Billion

The broader crypto market fell 3.26% over the past 24 hours, with total market capitalization slipping to $2.76 trillion and 24-hour trading volume hitting $162.5 trillion. Bitcoin dominance held at 59.3% even as the largest cryptocurrency itself dipped 0.64% to $81,549. Ethereum slid a more modest 0.57% to $2,422, while Solana eased 0.65% to $104.61. The declines were broad-based across top assets, reflecting a risk-off day rather than a sector-specific shakeout.

Celestia (TIA) stood out as the session's standout mover, jumping 19.84% to $0.708 and landing on CoinGecko's trending list despite ranking 95th by market cap. The surge pushed TIA sharply against the grain of a market where most trending names were losing ground, including Pudgy Penguins (down 0.98% to $0.00756), Pearl (down 8.9% to $1.68) and Aerodrome Finance (down 4.62% to $0.88). Dacity Coin, a much smaller token ranked 718th by market cap, also drew attention with a 28.03% gain to $0.0262, while Quantus rose 4.56% to $115.32.

Zcash posted the steepest decline among major coins tracked in the data, falling 5.99% to $1,147.83, extending a rough stretch for the privacy-focused token that still ranks 10th by market cap. NEAR Protocol also took a hit, dropping 4.75% to $5.06, while Quant Network fell 3.73% to $201.19. Rain, ranked 21st by market cap, slid 7.18% to $0.00895, the steepest percentage loss among the session's tracked decliners.

On the upside, Bitway led gainers with a 6.63% climb to $1.99, while Pump.fun added 1.48% to reach $0.00459, continuing a run that has also kept it on the trending list with a slightly higher 1.9% gain noted separately in trending data. Polkadot and Bitcoin Cash posted more modest gains of 0.58% and 0.34%, closing at $1.17 and $278.87 respectively. Figure Heloc, a top-10 asset by market cap, ticked up 0.52% to $1.037, a reminder that even amid a down day for crypto broadly, pockets of green persisted among higher-ranked tokens.

The split session underscores how individual project narratives can diverge sharply from macro market direction. With BTC dominance steady near 59% and total market cap down roughly 3% on the day, Celestia's near-20% rally represents one of the sharpest single-day moves among coins ranked in the top 100, standing in contrast to losses posted by Zcash, NEAR and Quant.

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