Overview
- CryptoQuant data reported Tuesday shows more than 40% of altcoins now trade at or near all-time lows, topping the last cycle’s 38% peak.
- The token count has surged to roughly 47 million, with about 22 million on Solana, 18 million on Base, and 4 million on BNB Smart Chain.
- Analysts say this oversupply spreads a fixed pool of money too thin and drains trading depth for most projects.
- Rising geopolitical tension and wider market swings have added pressure, and high-risk altcoins have taken the hardest hits while Bitcoin has held up better.
- Despite the slump, Artemis data cited by AMBCrypto flags about 22 recent winners over the past 90 days, suggesting any rebound may favor a small set of stronger tokens.