In 2022, the top five tokens with the largest price fluctuations are TWT and LUNA, ranking first.

The epic bear market of 2022 has completed a year, with few cryptocurrencies ending the bleak year on a positive note.

Top Five Biggest Gainers

1. Trust Wallet Token TWT: 87.52%

According to data from CoinMarketCap, TWT saw a significant increase in the second half of the year, with gains reaching up to 308% at one point.

In November, following the collapse of FTX and a tweet from CZ urging users to use self-custody wallets, TWT saw a 70% increase in a month, but experienced a significant decline in December.

2. GMX: 84.6%

The decentralized perpetual contract protocol GMX followed a similar trend to TWT, with an upward trajectory starting in June and a significant decline after December.

GMX has been a hot topic during the bear market, and according to DefiLlama, it ranks first on Arbitrum with its Total Value Locked (TVL) quadrupling since the beginning of the year.

3. OKB: -10.46%

OKB experienced a 57.6% decline in the first half of the year, and despite some improvement in the second half, it still ended with a 10% decrease.

Looking at the monthly chart, OKB saw almost continuous growth after June, with a 114% increase. Particularly noteworthy was the sudden rise in mid-December after the Twitter account was unexpectedly followed by Elon Musk, although Musk later unfollowed.

4. TRON TRX: -28.62%

With founder Justin Sun taking over the Huobi exchange and devising a withdrawal solution for users affected by the FTX bankruptcy in November, TRX only dropped by nearly 30% last year.

However, Sun's attempts to facilitate withdrawals for FTX users did not significantly boost TRX's price.

5. Monero XMR: -41.84%

Monero did not see much progress last year, with significant drops in January and June. It surged in July but remained relatively stable afterward.

Notably, XMR completed its full issuance on June 8, 2022, and the team introduced the "Tail Emission" solution for security reasons.

In essence, without block rewards, the network will rely solely on transaction fees to sustain operation. The team aims to issue more XMR to balance miner incentives and ensure network security.

Top Five Biggest Losers

1. Terra Classic LUNC: -99.99%

In May last year, Terra suffered a collapse, and the spiral death of the algorithmic stablecoin UST further led the once-star public chain to a divergent path.

The extent of its decline is difficult to quantify, with LUNA ranking 9th in market capitalization at $89 in January, and the renamed LUNC priced at $0.0001449.

Interestingly, it still ranks 40th in market capitalization.

2. FTX Token FTT: -98.12%

Prior to the FTX incident, FTT had only dropped by about 40% and was still at $26.

The Bahamas authorities mentioned still holding a large amount of FTX user assets in custody, but liquidity for FTT in the market has significantly decreased, with prices likely to further decline.

3. Solana SOL: -94.42%

SOL not only faced the downturn in the crypto market but also bore the negative impact of a series of shutdown events, with the largest drop concentrated in November during the FTX collapse.

After SBF fell from grace, some in the crypto community believed Solana was dead, with its TVL dropping from $66.8 billion at the beginning of the year to $2 billion; however, others like Vitalik Buterin believed that with speculators led by SBF exiting, it was a good opportunity for Solana to start anew.

4. Convex Finance CVX: -93.6%

Convex experienced vulnerabilities in March and June last year, with a drop from $22 to $4 between May and June, closing the year at $3.

5. The Sandbox SAND: -93.59%

Not only Sandbox, but virtual land projects like Decentraland, The Sandbox, Voxels, NFTWorlds saw significant declines in trading volume and NFTs.

SAND's price showed only marginal increases in three months throughout the year.