Crypto Contagion Concerns Sink Cronos, Curve, and Polygon This Week

Most major cryptocurrencies saw marked declines this past week, on growing contagion concerns resulting from the fallout of once-prominent crypto exchange FTX. Thus, it's perhaps unsurprising to note the double-digit declines in popular tokens Cronos (CRYPTO: CRO), Curve DAO (CRYPTO: CRV), and Polygon (CRYPTO: MATIC). It wasn't necessarily the size of the weekly decline for these three cryptos -- which fell 18.2%, 19%, and 12.4%, respectively, as of noon ET on Friday -- that has shocked investors into selling.