Santiment's latest MVRV data indicates that major cryptocurrencies are trading below their historical values, with Cardano (ADA) and Chainlink (LINK) experiencing the most significant short-term discounts. ADA and LINK have average wallet returns of -19.2% and -13%, respectively, highlighting their extreme undervaluation. Bitcoin (BTC) and Ethereum (ETH) have also seen declines of approximately 6%, while XRP is down nearly 5%. Despite a brief rally earlier in the week, most cryptocurrencies remain underwater, reflecting ongoing market uncertainty.