Data: Over 40% of altcoins are approaching historical lows, exceeding the proportion seen in the previous bear market.

MeNews · 2026-04-02T23:27:40+00:00

According to a report by CryptoQuant analyst Darkfost, over 40% of altcoins are trading near historical lows, a figure higher than the 38% during the previous bear market. Geopolitical tensions have severely impacted altcoins, and liquidity dilution has exacerbated their fragility. Approximately 47 million cryptocurrencies have been issued globally, with 22 million of them being Solana.

MeNews

2026-04-02 23:27:40

Abstract generation in progress

ME News update, on March 31 (UTC+8), CryptoQuant analyst Darkfost said that more than 40% of altcoins have already reached or are nearing historical lows. This figure is higher than the peak of about 38% during the prior bear market period. The cryptocurrency market has continued to be affected by an escalation of geopolitical tensions, with altcoins hit especially hard. Darkfost also said that the sheer volume of cryptocurrencies directly leads to liquidity dilution, making altcoins increasingly fragile. Data shows that there are currently about 47 million cryptocurrencies issued worldwide; of these, the Solana platform has 22 million, the Base platform has more than 18 million, and BNB Chain also has 4 million. (Source: ChainCatcher)

SOL-0.03%

BNB-0.69%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.