The cryptocurrency market has faced a significant downturn in November, with total market capitalization falling from $4 trillion in October to approximately $3.09 trillion by November 18, marking a loss of nearly $1 trillion. Key cryptocurrencies such as SOON, PUMP, and STRK have experienced sharp declines amid this broader sell-off. SOON saw a dramatic 33% drop in 24 hours and a 44% decline over the week, following a brief surge to $5.4 on November 15. PUMP fell 13% in 24 hours and 36% weekly, despite a $175 million buyback effort. STRK also declined by 12%, impacted by a 5% token unlock and selling pressure from early investors. The market downturn is largely attributed to macroeconomic factors, including high U.S. inflation and geopolitical tensions.