Altcoins have suffered significant losses as investors pivot towards stocks and metals, with only 6% of altcoins gaining value. Major cryptocurrencies like Bitcoin, Ethereum, and Solana also experienced sharp declines, with Bitcoin and Ethereum dropping over 20% and Solana plummeting by more than 50%. Riskier sectors, including memecoins, DeFi, and AI tokens, saw losses of up to 90%, severely impacting speculative investors.
Layer 1 blockchain tokens were particularly hard hit, with most losing between 60-80% of their value, except for BNB, which saw a slight increase. Newly released modular blockchain tokens and memecoins also faced steep declines, with some losing over 90% of their value. Traditional safe-haven assets like gold and silver experienced unprecedented fluctuations, with gold dropping over 12.5% and silver by 25% in just two days. In contrast, Bitcoin remained relatively stable, declining only 4.3% while maintaining a position above the $80,000 mark.
Altcoins Plunge as Investors Shift to Stocks and Metals
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