As 2022 draws to a close, it is clear that decentralized crypto exchange’s native token GMX GMX/USD is the biggest gainer, surging over 102% and trading at $45, as per Benzinga Pro data.
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-120x86.jpg)
What Happened: Apex crypto Bitcoin BTC/USD, Ethereum ETH/USD and Dogecoin DOGE/USD did not even make it on the list of top 100 gainers by market capitalization, recorded at 2:30 a.m. EST on Dec. 26.
| Cryptocurrency | Gains | Price |
|---|---|---|
| GMX | +102% | $45 |
| Trust Wallet | +72% | $1.38 |
| LEO | +1.3% | $3.60 |
The rise in GMX can be attributed to the collapse of FTX, as users became aware of the importance of decentralized exchanges as a safer way to safeguard their funds and guard against the risk of being locked out.
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The second on the list is Trust Wallet‘s native token TWT/USD, which saw a massive 72% surge on the news of FTX’s self-custody wallets becoming necessary for users as exchanges were temporarily suspending withdrawals due to a shortage of funding.
Another DeFi platform that rallied over the year even as the overall market bled was the UNUS SED LEO token LEO/USD. Although it witnessed only 1.3% gains, it outperformed the top 100 cryptos by market capitalization.
Biggest Losers: On the losers’ front, Terra Luna Classic LUNC/USD took an alarming 100% hit in value.
The Luna crypto crash was unprecedented, and the cause lies in its connection to TerraUSD (UST), the algorithmic stablecoin on the Terra network. On May 7, over $2 billion in UST was unstaked (taken off the Anchor Protocol), and this ripple effect caused hundreds of millions of Luna tokens to be liquidated quickly.
| Cryptocurrency | Losers | Price |
|---|---|---|
| Terra Luna Classic | -100% | $0.000148734717 |
| Solana | -94.1 | $11.31 |
| Axie Infinity | -93.8% | $6.83 |
| The… |
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-350x250.jpg)
