Altcoins have experienced five consecutive months of decline, marking a challenging period for investors. Many who entered the market during the 2021 boom, investing in layer 1 tokens like ATOM, DOT, and FTM, are still waiting for a recovery. The collapse of FTX prompted some SOL holders to exit, while BNB holders have managed to endure the downturn. Meanwhile, LINK has shown relative stability, and ETH remains a stronghold in the market.