Aligned Token Tumbles 5.50% in First Week of Trading

The newly launched Aligned token ($ALIGN) has seen significant volatility in its first week of trading, experiencing a roughly 5.50% decline over the past day.

This drop is not uncommon for new tokens, as they often see sharp price moves as the market figures out their value.

The Layer 2 category, however, gained around 5.06% over the same period, while the broader crypto market rallied approximately 4.6% in response to positive signals from the Federal Reserve.

Aligned's price has been affected by its relatively low market cap of CA$19.27M and its low trading volume of CA$8.76M over the last 24 hours.