Loan Token in the Top 10: Check the Liquidity

An asset that hardly any German investor has ever traded sat in tenth place among the largest cryptocurrencies on Sunday morning. FIGR_HELOC, a tokenised home equity loan from the US finance provider Figure, hit an all-time high at 03:58 UTC on September 27, 2026. At the time of our query at 07:48 UTC, CoinGecko listed the token with a market capitalisation of $24.61 billion, placing it directly behind Tron and ahead of Hyperliquid. Tokens worth $1.96 million changed hands in the preceding 24 hours.

That second figure is the real finding. It amounts to 0.008 percent of the token's own valuation. For Bitcoin the same ratio stood at 1.05 percent that morning, around 132 times higher. Anyone reading a league table as a shopping list finds, in tenth place, a holding with exactly one trading venue, and that venue belongs to the issuer itself.

cryptoticker.io compiled this analysis itself on September 27, 2026. The article explains what the token is, why two large data providers value it $9.21 billion apart, and which figure you should read alongside the rank in future before you attach any meaning to a place in a list.

What FIGR_HELOC Is: a Loan Agreement in Token Form

HELOC stands for home equity line of credit. It is a revolving credit facility that a homeowner takes out against the equity in the property they live in and draws on flexibly, much like an overdraft secured by a charge on the property. Figure grants such loans in the United States and, by its own account on its own product page, documents them from origination through to securitisation on the Provenance blockchain.