An estimated 38% of altcoins are now near all-time lows, which is worse than the post-FTX market crash, according to CryptoQuant analyst Darkfost.
The current market is “unfavorable” for risky assets, and crypto markets are the first to absorb this risk-averse posture, he said. saidby adding:
“For comparison, this metric reached 35% in April 2025 and 37.8% just after the FTX crash. This chart perfectly illustrates the current situation of altcoins. Investors remain cautious and continue to lose interest in altcoins.”
Altcoin Examplescryptocurrency that generally serves as an alternative to Bitcoin (BTC), include Cardano’s ADA (ADA), which is hovering about $0.10 above its all-time low of $0.17. Peas (POINT) hit an all-time low of $1.13 in February, but is now up 33% from there, and Polygon (Pole) is trading around $0.02 off its all-time low of $0.08.
Cash is being siphoned from altcoins into stocks and commodities, Darkfost said. Daily trading volume reached a peak of over $417 billion on October 10, the day of historic crypto market crash, according to data from CoinMarketCap.
For comparison, daily trading volumes ranged between $49.4 billion and $268 billion in February and March 2026.
The altcoin’s decline represents the “largest regression” recorded during the current market cycle, he said, and could present a buying opportunity for investors, he concluded.
Related: $209 billion has been withdrawn from altcoins in the last 13 months: have traders turned to Bitcoin?
Altcoin social activity drowned out by Bitcoin
The analysis comes as altcoins are mentioned on social media platforms. fell to two-year lowaccording to crypto market sentiment analysis platform Santiment.
Google’s global search volume for altcoins also dropped to a yearly low of 4 out of 100, according to data from Google Trends.
“Altcoins are suffering from a ‘liquidity leak,’ where even minor changes in sentiment trigger sell-offs,” Jimmy Xue, co-founder of liquidity platform Axis, said in a post shared with Cointelegraph.
This is because altcoins do not have the same institutional support and rhetoric about “digital gold” that Bitcoin enjoys, he added.
Analysts have cited several reasons for the decline of altcoins, including too many chips competition for limited investor capital and the launch of BTC exchange-traded funds (ETFs), change market dynamics by trapping liquidity in traditional financial vehicles.
There are over 36.8 million different crypto tokens listed on CoinMarketCap as of this writing.
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