Altcoin Market Drops as Over 300 Tokens Lose 30-60% of Value

The altcoin market is experiencing a downturn, with more than 300 crypto assets losing significant value. According to Arkham Intelligence data, over 60% of altcoins have plummeted since last year, while only a small number have gained. This decline comes amid uncertain market conditions and the volatility in the broader cryptocurrency space. The recent fall follows a period of recovery following Bitcoin’s price surge and continued interest from institutional investors.