Data: More Than 40% of Altcoins Hover Near Record Lows

Altcoins are under intense selling pressure, with more than 40% trading at or near all-time lows, according to CryptoQuant analyst Darkfost. The share is higher than levels recorded during the previous bear market. Darkfost said geopolitical tensions are contributing to elevated volatility. He also pointed to rapid token proliferation as a structural headwind: more than 47 million tokens now exist across blockchains, spreading capital across a much larger universe and leaving liquidity increasingly fragmented.