In the volatile world of cryptocurrency, market crashes can reveal a lot about asset resilience. A recent tweet from Larry Cermak, President of The Block, highlights a stark reality on Binance's spot market: out of 429 listed assets, only four have managed to climb above their pre-crash prices.

The Standout Performers

According to the data shared, the winners are:

• Zcash (ZEC)​: Up 17%. Known for its privacy-focused features, Zcash uses zero-knowledge proofs to enable shielded transactions, making it a go-to for users prioritizing anonymity.
• RDNT (Radiant Capital)​: Up 15%. This DeFi lending protocol operates across multiple chains, offering users ways to borrow and lend assets efficiently.
• Succinct: Up 12%. As a project focused on zero-knowledge technology, Succinct aims to make blockchain interactions more scalable and secure.
• Morpho: Up 3%. Another DeFi player, Morpho optimizes lending rates by matching borrowers and lenders peer-to-peer, potentially reducing costs compared to traditional pools.

These gains stand out in a sea of red, where the remaining 425 assets are all down from pre-crash levels. The chart below illustrates the distribution of price changes, showing a heavy skew toward losses.

The Biggest Losers with High Volume

Diving deeper, Cermak filtered for assets with at least $10 million in trading volume to spotlight the worst performers. Topping the list of underachievers:

• XPL: Down nearly 40% with $250 million in volume—a clear sign of heavy selling pressure.
• ENA (Ethena)​: Down 30% despite over $100 million in volume.
• Others like EIGEN (EigenLayer)​, TIA (Celestia)​, DYDX, FIL (Filecoin)​, and KAVE also suffered significant drops.

This "bloodbath of dumping," as described, underscores the panic selling that often follows crashes. High volume paired with steep declines suggests investors rushing to exit positions, exacerbating the downturn.

What This Means for Crypto Traders

For blockchain enthusiasts and traders, this snapshot serves as a reminder of market dynamics. While most assets tanked, the survivors like Zcash and DeFi tokens such as RDNT and Morpho might indicate sectors with underlying strength—privacy coins and efficient lending protocols could be areas to watch as the market recovers.

If you're tracking these trends, check out the original thread on X for more context: Larry Cermak's tweet.

In a space as unpredictable as crypto, staying informed on platforms like Binance can help you spot opportunities amid the chaos. Whether you're into meme tokens or serious DeFi plays, understanding these shifts is key to navigating the next bull run.