CryptoQuant analyst Darkfost reports that approximately 40% of altcoins are trading near their all-time lows, defined as below 25% of their peak values. This highlights an extreme sluggishness in the altcoin market. The situation worsened when Bitcoin dropped below $60,000 in late June, pushing the proportion of struggling altcoins to 45%. Darkfost emphasizes a fundamental shift in the market dynamics, with CoinMarketCap data showing the creation of about 53.5 million cryptocurrencies, including 60,000 new tokens daily. The analyst warns that without significant liquidity injections, most tokens may not survive, urging investors to exercise caution and rigorously evaluate projects.